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First Majestic Silver

Market Cap

CA$4.8b

Last Updated

2021/04/11 22:56 UTC

Data Sources

Company Financials +

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


Snowflake Analysis

Excellent balance sheet with limited growth.


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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 +/- 14% a week.

Volatility Over Time: FR's weekly volatility (14%) has been stable over the past year.


Market Performance


7 Day Return

5.2%

FR

4.4%

CA Metals and Mining

1.0%

CA Market


1 Year Return

119.8%

FR

39.0%

CA Metals and Mining

39.2%

CA Market

Return vs Industry: FR exceeded the Canadian Metals and Mining industry which returned 39% over the past year.

Return vs Market: FR exceeded the Canadian Market which returned 39.2% over the past year.


Shareholder returns

FRIndustryMarket
7 Day5.2%4.4%1.0%
30 Day3.5%3.9%1.3%
90 Day34.9%-1.6%8.1%
1 Year119.8%119.8%40.4%39.0%44.0%39.2%
3 Year158.9%158.9%52.4%49.0%32.2%19.6%
5 Year105.4%105.4%70.7%65.4%59.4%35.3%

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

Valuation

Is First Majestic Silver undervalued compared to its fair value and its price relative to the market?

159.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FR (CA$21.67) is trading above our estimate of fair value (CA$6.1)

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 (159.9x) compared to the CA Metals and Mining industry average (18.4x).

PE vs Market: FR is poor value based on its PE Ratio (159.9x) compared to the Canadian market (17.3x).


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 (4.5x) 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?

28.1%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if FR's forecast earnings growth is above the savings rate (1.5%).

Earnings vs Market: Insufficient data to determine if FR's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FR's revenue (28.1% per year) is forecast to grow faster than the Canadian market (7.2% per year).

High Growth Revenue: FR's revenue (28.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FR's Return on Equity is forecast to be high in 3 years time


Past Performance

How has First Majestic Silver performed over the past 5 years?

-3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FR has a large one-off loss of $8.9M impacting its December 31 2020 financial results.

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 -3.6% 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 (74.3%).


Return on Equity

High ROE: FR's Return on Equity (2.7%) is considered low.


Financial Health

How is First Majestic Silver's financial position?


Financial Position Analysis

Short Term Liabilities: FR's short term assets ($356.0M) exceed its short term liabilities ($101.6M).

Long Term Liabilities: FR's short term assets ($356.0M) exceed its long term liabilities ($285.7M).


Debt to Equity History and Analysis

Debt Level: FR's debt to equity ratio (18%) is considered satisfactory.

Reducing Debt: FR's debt to equity ratio has increased from 8.5% to 18% over the past 5 years.

Debt Coverage: FR's debt is well covered by operating cash flow (52.2%).

Interest Coverage: FR's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet


Dividend

What is First Majestic Silver current dividend yield, its reliability and sustainability?

0.087%

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)

19.42yrs

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 ($USD3.55M) is about average for companies of similar size in the Canadian market ($USD3.00M).

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 (4.1 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 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$4.828b
  • Shares outstanding: 222.80m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 22:56
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.