Executive Summary
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has First Majestic Silver's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FR's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.8%
FR
-1.5%
CA Metals and Mining
-1.6%
CA Market
1 Year Return
6.1%
FR
48.7%
CA Metals and Mining
-6.3%
CA Market
Return vs Industry: FR underperformed the Canadian Metals and Mining industry which returned 48.8% over the past year.
Return vs Market: FR exceeded the Canadian Market which returned -5.5% over the past year.
Shareholder returns
| FR | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.8% | -1.5% | -1.6% |
| 30 Day | 12.5% | -0.5% | -0.8% |
| 90 Day | -22.0% | -4.7% | -0.7% |
| 1 Year | 6.1%6.1% | 49.9%48.7% | -2.9%-6.3% |
| 3 Year | 64.9%64.9% | 52.9%49.8% | 3.4%-6.6% |
| 5 Year | 220.6%220.6% | 143.7%136.4% | 31.6%11.4% |
Price Volatility Vs. Market
How volatile is First Majestic Silver's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Kind Of Shareholders Own First Majestic Silver Corp. (TSE:FR)?4 weeks ago | Simply Wall St
Breakeven On The Horizon For First Majestic Silver Corp. (TSE:FR)1 month ago | Simply Wall St
Did First Majestic Silver Corp. (TSE:FR) Insiders Sell Shares?Valuation
Is First Majestic Silver undervalued compared to its fair value and its price relative to the market?
42.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FR (CA$14.33) is trading below our estimate of fair value (CA$24.77)
Significantly Below Fair Value: FR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FR is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.
PE vs Market: FR is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FR is overvalued based on its PB Ratio (3.5x) compared to the CA Metals and Mining industry average (2.8x).
Next Steps
Future Growth
How is First Majestic Silver forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
89.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: FR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FR's is expected to become profitable in the next 3 years.
Revenue vs Market: FR's revenue (25.6% per year) is forecast to grow faster than the Canadian market (5.8% per year).
High Growth Revenue: FR's revenue (25.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FR's Return on Equity is forecast to be low in 3 years time (12.5%).
Next Steps
Past Performance
How has First Majestic Silver performed over the past 5 years?
-12.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FR is currently unprofitable.
Growing Profit Margin: FR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FR is unprofitable, and losses have increased over the past 5 years at a rate of 12.8% per year.
Accelerating Growth: Unable to compare FR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (48.1%).
Return on Equity
High ROE: FR has a negative Return on Equity (-11.44%), as it is currently unprofitable.
Next Steps
Financial Health
How is First Majestic Silver's financial position?
Financial Position Analysis
Short Term Liabilities: FR's short term assets ($192.9M) exceed its short term liabilities ($78.7M).
Long Term Liabilities: FR's short term assets ($192.9M) do not cover its long term liabilities ($296.2M).
Debt to Equity History and Analysis
Debt Level: FR's debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: FR's debt to equity ratio has increased from 7.9% to 23.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FR has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if FR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is First Majestic Silver current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FR's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.8yrs
Average management tenure
CEO
Keith Neumeyer (60 yo)
18.92yrs
Tenure
US$3,549,208
Compensation
Mr. Keith N. Neumeyer has been the Chief Executive Officer and President of First Majestic Resources Corp. since November 3, 2001. Mr. Neumeyer founded First Majestic Resources Corp. with the name Brandy R ...
CEO Compensation Analysis
Compensation vs Market: Keith's total compensation ($USD3.55M) is above average for companies of similar size in the Canadian market ($USD2.05M).
Compensation vs Earnings: Keith's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 18.92yrs | US$3.55m | 1.69% $ 52.2m | |
| Chief Financial Officer | 13.67yrs | US$1.59m | 0.083% $ 2.6m | |
| Corporate Secretary | 13.17yrs | US$707.74k | 0.052% $ 1.6m | |
| Chief Operating Officer | 0.67yr | no data | 0.0081% $ 250.9k | |
| Vice President of Administration | no data | no data | no data | |
| General Counsel & VP of Information Technology | 1.25yrs | no data | 0.00046% $ 14.2k | |
| Vice President of Corporate Communications & Marketing | no data | no data | 0.050% $ 1.5m | |
| Vice President of Corporate Development | no data | no data | 0.032% $ 1.0m | |
| Vice President of Human Resources | no data | no data | no data | |
| Vice President of Exploration | 2.33yrs | no data | no data | |
| VP of Treasury & Corporate Controller | no data | no data | 0.0092% $ 286.5k |
7.8yrs
Average Tenure
Experienced Management: FR's management team is seasoned and experienced (7.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 18.92yrs | US$3.55m | 1.69% $ 52.2m | |
| Independent Director | 14.83yrs | US$283.24k | 0.015% $ 458.7k | |
| Independent Chairman of the Board | 8.75yrs | US$392.56k | 0.015% $ 458.7k | |
| Independent Director | 0.75yr | no data | no data | |
| Independent Director | 3.58yrs | US$262.44k | 0.0053% $ 165.1k | |
| Independent Director | 0.33yr | no data | 0.00026% $ 8.1k |
6.2yrs
Average Tenure
57.5yo
Average Age
Experienced Board: FR's board of directors are considered experienced (6.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FR insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.2%.
Top Shareholders
Company Information
First Majestic Silver Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Majestic Silver Corp.
- Ticker: FR
- Exchange: TSX
- Founded: 1979
- Industry: Silver
- Sector: Materials
- Market Cap: CA$3.097b
- Shares outstanding: 216.12m
- Website: https://www.firstmajestic.com
Number of Employees
Location
- First Majestic Silver Corp.
- 925 West Georgia Street
- Suite 1800
- Vancouver
- British Columbia
- V6C 3L2
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FR | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Sep 1982 |
| AG | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Sep 1982 |
| FMV | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Sep 1982 |
| AG * | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Sep 1982 |
| 0QYC | LSE (London Stock Exchange) | Yes | Common Shares | GB | CAD | Sep 1982 |
Biography
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. The company holds 100% interests in San D ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/27 23:53 |
| End of Day Share Price | 2020/10/27 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.