MAG Silver Corp.

LSE:0V56 Stock Report

Market Cap: CA$2.2b

MAG Silver Valuation

Is 0V56 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0V56 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0V56 (CA$21.64) is trading above our estimate of fair value (CA$14.48)

Significantly Below Fair Value: 0V56 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0V56?

Key metric: As 0V56 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0V56. This is calculated by dividing 0V56's market cap by their current earnings.
What is 0V56's PE Ratio?
PE Ratio21.4x
EarningsUS$74.50m
Market CapUS$1.59b

Price to Earnings Ratio vs Peers

How does 0V56's PE Ratio compare to its peers?

The above table shows the PE ratio for 0V56 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.8x
HOC Hochschild Mining
47.7x52.9%UK£1.1b
EVR EVRAZ
0.4xn/aUK£1.2b
HILS Hill & Smith
21.8x10.9%UK£1.7b
CEY Centamin
25.5x21.7%UK£1.7b
0V56 MAG Silver
21.4x-8.4%CA$2.2b

Price-To-Earnings vs Peers: 0V56 is good value based on its Price-To-Earnings Ratio (21.4x) compared to the peer average (31.7x).

Price to Earnings Ratio vs Industry

How does 0V56's PE Ratio compare vs other companies in the GB Metals and Mining Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
MTL Metals Exploration
0.9x-60.3%US$126.08m
TGR Tirupati Graphite
1.2xn/aUS$10.50m
No more companies available in this PE range
0V56 21.4xIndustry Avg. 9.4xNo. of Companies6PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0V56 is expensive based on its Price-To-Earnings Ratio (21.4x) compared to the UK Metals and Mining industry average (9.4x).

Price to Earnings Ratio vs Fair Ratio

What is 0V56's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0V56 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0V56's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0V56 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$21.64
CA$26.60
+22.9%
5.7%CA$29.33CA$24.99n/a10
Nov ’25CA$23.74
CA$25.82
+8.7%
10.1%CA$29.36CA$20.16n/a9
Oct ’25CA$19.68
CA$22.55
+14.6%
8.0%CA$25.45CA$19.48n/a9
Sep ’25CA$18.12
CA$22.51
+24.2%
8.5%CA$25.81CA$19.75n/a9
Aug ’25CA$17.84
CA$22.99
+28.8%
7.5%CA$25.87CA$20.60n/a8
Jul ’25n/a
CA$22.01
0%
5.7%CA$23.99CA$20.55n/a8
Jun ’25CA$18.79
CA$21.39
+13.8%
8.6%CA$23.98CA$17.18n/a10
May ’25CA$17.67
CA$20.67
+17.0%
11.1%CA$24.12CA$15.86n/a10
Apr ’25CA$12.81
CA$19.55
+52.6%
11.8%CA$24.07CA$15.63n/a10
Mar ’25n/a
CA$19.97
0%
11.4%CA$24.02CA$15.58n/a10
Feb ’25CA$12.22
CA$19.78
+61.8%
11.4%CA$23.80CA$15.42n/a10
Jan ’25CA$14.16
CA$20.90
+47.6%
10.5%CA$23.87CA$17.08n/a10
Dec ’24CA$16.28
CA$20.92
+28.5%
10.1%CA$23.41CA$17.17n/a10
Nov ’24n/a
CA$22.25
0%
8.6%CA$24.22CA$17.49CA$23.7410
Oct ’24n/a
CA$22.88
0%
7.4%CA$24.57CA$18.99CA$19.689
Sep ’24CA$15.29
CA$22.94
+50.0%
7.3%CA$24.67CA$19.46CA$18.128
Aug ’24n/a
CA$23.40
0%
8.6%CA$25.64CA$19.25CA$17.848
Jul ’24n/a
CA$23.65
0%
9.7%CA$25.89CA$18.86n/a8
Jun ’24n/a
CA$24.07
0%
7.9%CA$26.16CA$20.93CA$18.798
May ’24CA$17.63
CA$24.41
+38.4%
8.3%CA$27.23CA$21.14CA$17.678
Apr ’24CA$17.59
CA$24.41
+38.8%
8.5%CA$26.96CA$20.85CA$12.818
Mar ’24CA$16.55
CA$25.12
+51.8%
10.8%CA$29.31CA$20.60n/a9
Feb ’24CA$17.98
CA$24.65
+37.1%
9.6%CA$27.47CA$20.93CA$12.225
Jan ’24CA$21.35
CA$24.52
+14.8%
11.2%CA$28.55CA$20.47CA$14.169
Dec ’23CA$20.48
CA$24.40
+19.1%
11.7%CA$28.40CA$19.80CA$16.289
Nov ’23CA$18.94
CA$24.16
+27.6%
10.1%CA$28.92CA$20.16n/a9

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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