Executive Summary
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in Mexico. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
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 is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: FR's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
1.7%
FR
3.3%
CA Metals and Mining
0.8%
CA Market
1 Year Return
65.6%
FR
17.7%
CA Metals and Mining
37.1%
CA Market
Return vs Industry: FR exceeded the Canadian Metals and Mining industry which returned 18.5% over the past year.
Return vs Market: FR exceeded the Canadian Market which returned 37.1% over the past year.
Shareholder returns
| FR | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.7% | 3.3% | 0.8% |
| 30 Day | -9.1% | 6.3% | 1.4% |
| 90 Day | -8.0% | 5.9% | 7.6% |
| 1 Year | 65.6%65.6% | 18.9%17.7% | 41.5%37.1% |
| 3 Year | 110.3%110.3% | 53.6%50.2% | 29.5%17.1% |
| 5 Year | 40.0%40.0% | 56.9%52.2% | 58.9%35.1% |
Long-Term 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 Type Of Shareholders Make Up First Majestic Silver Corp.'s (TSE:FR) Share Registry?1 month ago | Simply Wall St
The First Majestic Silver (TSE:FR) Share Price Is Up 161% And Shareholders Are Boasting About It2 months ago | Simply Wall St
Some Analysts Just Cut Their First Majestic Silver Corp. (TSE:FR) EstimatesValuation
Is First Majestic Silver undervalued compared to its fair value and its price relative to the market?
60.18x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FR (CA$19.39) is trading above our estimate of fair value (CA$16.07)
Significantly Below Fair Value: FR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FR is poor value based on its PE Ratio (60.2x) compared to the CA Metals and Mining industry average (15.9x).
PE vs Market: FR is poor value based on its PE Ratio (60.2x) compared to the Canadian market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: FR is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: FR is overvalued based on its PB Ratio (4.1x) compared to the CA Metals and Mining industry average (2.9x).
Future Growth
How is First Majestic Silver forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
38.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FR's forecast earnings growth (38.2% per year) is above the savings rate (1.5%).
Earnings vs Market: FR's earnings (38.2% per year) are forecast to grow faster than the Canadian market (18.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FR's revenue (18.2% per year) is forecast to grow faster than the Canadian market (7.3% per year).
High Growth Revenue: FR's revenue (18.2% per year) is forecast to grow slower 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 (16%).
Past Performance
How has First Majestic Silver performed over the past 5 years?
2.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FR has high quality earnings.
Growing Profit Margin: FR became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: FR has become profitable over the past 5 years, growing earnings by 2.8% per year.
Accelerating Growth: FR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (80.7%).
Return on Equity
High ROE: FR's Return on Equity (6.7%) is considered low.
Financial Health
How is First Majestic Silver's financial position?
Financial Position Analysis
Short Term Liabilities: FR's short term assets ($329.7M) exceed its short term liabilities ($96.9M).
Long Term Liabilities: FR's short term assets ($329.7M) exceed its long term liabilities ($278.6M).
Debt to Equity History and Analysis
Debt Level: FR's debt to equity ratio (17.9%) is considered satisfactory.
Reducing Debt: FR's debt to equity ratio has increased from 9.3% to 17.9% over the past 5 years.
Debt Coverage: FR's debt is well covered by operating cash flow (48.9%).
Interest Coverage: FR's interest payments on its debt are well covered by EBIT (6.9x coverage).
Balance Sheet
Dividend
What is First Majestic Silver current dividend yield, its reliability and sustainability?
0.14%
Forecast Dividend Yield
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?
8.3yrs
Average management tenure
CEO
Keith Neumeyer (60 yo)
19.5yrs
Tenure
US$3,335,776
Compensation
Mr. Keith N. Neumeyer has been the Chief Executive Officer and President of First Majestic Resources Corp. since November 3, 2001. Mr. Neumeyer founded First Majestic Resources Corp. with the name Brandy R...
CEO Compensation Analysis
Compensation vs Market: Keith's total compensation ($USD3.34M) is about average for companies of similar size in the Canadian market ($USD3.11M).
Compensation vs Earnings: Keith's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FR's management team is seasoned and experienced (8.3 years average tenure).
Board Members
Experienced Board: FR's board of directors are considered experienced (4.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FR insiders have only sold shares 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 20%.
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$4.877b
- Shares outstanding: 251.51m
- 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
Biography
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in Mexico. It holds 100% interests in the S...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/06 23:09 |
| End of Day Share Price | 2021/05/06 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.