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First Majestic Silver

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


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

3.5%

FR

-1.2%

CA Metals and Mining

-0.5%

CA Market


1 Year Return

2.1%

FR

50.3%

CA Metals and Mining

-3.5%

CA Market

Return vs Industry: FR underperformed the Canadian Metals and Mining industry which returned 54.1% over the past year.

Return vs Market: FR exceeded the Canadian Market which returned -4.3% over the past year.


Shareholder returns

FRIndustryMarket
7 Day3.5%-1.2%-0.5%
30 Day10.1%1.9%3.0%
90 Day-19.5%-3.3%2.4%
1 Year2.1%2.1%51.5%50.3%-0.06%-3.5%
3 Year66.4%66.4%56.0%52.9%7.1%-3.3%
5 Year231.9%231.9%155.9%148.0%36.8%15.8%

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?

42.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FR (CA$14.34) is trading below our estimate of fair value (CA$24.73)

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 (3.6x) 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 (56.4%).


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 ($USD3.55M) is about average for companies of similar size in the Canadian market ($USD3.01M).

Compensation vs Earnings: Keith's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Keith Neumeyer
Founder18.92yrsUS$3.55m1.66%
$ 52.5m
Raymond Polman
Chief Financial Officer13.67yrsUS$1.59m0.083%
$ 2.6m
Connie Lillico
Corporate Secretary13.17yrsUS$707.74k0.052%
$ 1.6m
Steve Holmes
Chief Operating Officer0.67yrno data0.0081%
$ 255.8k
Arturo Diaz
Vice President of Administrationno datano datano data
Sophie Hsia
General Counsel & VP of Information Technology1.25yrsno data0.00046%
$ 14.5k
Jill Arias
Vice President of Corporate Communications & Marketingno datano data0.050%
$ 1.6m
Todd Anthony
Vice President of Corporate Developmentno datano data0.032%
$ 1.0m
David Smith
Vice President of Human Resourcesno datano datano data
Greg Kulla
Vice President of Exploration2.33yrsno datano data
Karen Liu
VP of Treasury & Corporate Controllerno datano data0.0092%
$ 292.1k

7.8yrs

Average Tenure

Experienced Management: FR's management team is seasoned and experienced (7.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Keith Neumeyer
Founder18.92yrsUS$3.55m1.66%
$ 52.5m
Robert McCallum
Independent Director14.83yrsUS$283.24k0.015%
$ 467.6k
Douglas Penrose
Independent Chairman of the Board8.75yrsUS$392.56k0.015%
$ 467.6k
Nicole Adshead-Bell
Independent Director0.75yrno datano data
Marjorie Co
Independent Director3.58yrsUS$262.44k0.0053%
$ 168.3k
Ana Lopez
Independent Director0.33yrno data0.00026%
$ 8.2k

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 bought more shares than they have sold 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$3.158b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FRTSX (The Toronto Stock Exchange)YesCommon SharesCACADSep 1982
AGNYSE (New York Stock Exchange)YesCommon SharesUSUSDSep 1982
FMVDB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1982
AG *BMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNSep 1982
0QYCLSE (London Stock Exchange)YesCommon SharesGBCADSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 00:42
End of Day Share Price2020/10/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.