First Majestic Financials

AG Stock  USD 6.08  0.23  3.65%   
Based on the measurements of operating efficiency obtained from First Majestic's historical financial statements, First Majestic Silver is not in a good financial situation at the present time. It has a very high likelihood of going through financial trouble in December. At this time, First Majestic's Total Stockholder Equity is most likely to increase significantly in the upcoming years. The First Majestic's current Property Plant And Equipment Net is estimated to increase to about 1.5 B, while Accounts Payable is projected to decrease to roughly 22.4 M. Key indicators impacting First Majestic's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.230.1627
Significantly Up
Pretty Stable
Current Ratio2.432.5594
Notably Down
Slightly volatile
Investors should never underestimate First Majestic's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor First Majestic's cash flow, debt, and profitability to make informed and accurate decisions about investing in First Majestic Silver.

Net Income

(128.36 Million)

  
Understanding current and past First Majestic Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of First Majestic's financial statements are interrelated, with each one affecting the others. For example, an increase in First Majestic's assets may result in an increase in income on the income statement.

First Majestic Stock Summary

First Majestic competes with Fortitude Gold, and GoldMining. First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada. First Majestic operates under Silver classification in the United States and is traded on New York Stock Exchange.
Foreign Associate
  Canada
Specialization
Basic Materials, Materials
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINCA32076V1031
CUSIP32076V103 32076R102
LocationBritish Columbia; Canada
Business Address925 West Georgia
SectorMetals & Mining
IndustryMaterials
BenchmarkDow Jones Industrial
Websitewww.firstmajestic.com
Phone604 688 3033
CurrencyUSD - US Dollar

First Majestic Key Financial Ratios

First Majestic Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.0B1.2B2.1B2.1B2.0B2.1B
Net Debt8.7M(65.3M)(16.8M)96.5M130.5M137.1M
Retained Earnings(361.6M)(338.9M)(347.8M)(468.9M)(606.8M)(576.4M)
Accounts Payable36.3M49.9M72.4M19.0M31.9M22.4M
Cash169.0M238.6M237.9M151.4M125.6M77.3M
Net Receivables33.9M45.9M7.7M8.6M10.1M16.9M
Other Current Assets3.0M2.7M64.5M111.0M47.3M49.7M
Total Liab365.6M387.3M714.0M698.7M615.1M645.8M
Total Current Assets243.0M356.0M397.2M370.3M307.5M322.8M
Other Assets57.9M1K200.8M200.6M230.7M242.2M
Other Current Liab23.0M36.0M60.5M115.8M64.9M68.1M
Other Liab109.1M128.7M332.1M297.7M342.4M359.5M
Net Tangible Assets662.3M850.2M1.4B1.4B1.6B1.7B
Long Term Debt154.6M141.7M181.1M209.8M219.0M229.9M
Inventory30.5M32.5M60.6M64.8M63.7M66.9M
Short Long Term Debt1.2M11.0M125K551K426K404.7K
Short Term Debt8.1M6.5M11.9M14.4M18.2M15.5M
Common Stock933.2M1.1B1.7B1.8B1.9B2.0B
Long Term Debt Total151.2M169.7M157.0M209.1M240.5M252.5M

First Majestic Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense12.0M12.1M12.6M12.9M15.2M16.0M
Total Revenue368.8M366.7M587.2M626.9M576.4M605.2M
Gross Profit67.9M105.1M101.4M16.8M25.6M46.1M
Operating Income28.4M40.4M49.2M(50.5M)(178.8M)(169.8M)
Ebit28.4M44.0M42.1M(46.5M)(173.2M)(164.5M)
Ebitda95.6M105.8M162.5M91.3M(47.0M)(44.7M)
Income Before Tax(39.0M)29.7M25.3M(61.4M)(195.9M)(186.1M)
Net Income(40.5M)23.1M(4.9M)(114.3M)(135.1M)(128.4M)
Income Tax Expense1.5M6.6M30.2M52.9M(60.8M)(57.8M)
Cost Of Revenue301.0M261.6M485.8M610.1M550.7M578.3M
Tax Provision1.5M6.6M30.2M52.9M(62.1M)(58.9M)
Interest Income3.9M1.1M13.0M2.4M7.1M5.6M
Net Interest Income(6.4M)(11.3M)(12.1M)(11.9M)(10.5M)(11.0M)

First Majestic Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash112.0M69.6M(652K)(86.5M)(25.9M)(24.6M)
Free Cash Flow21.4M(34.8M)(120.2M)(198.7M)(90.4M)(85.8M)
Depreciation119.7M49.8M39.7M137.4M134.5M141.2M
Other Non Cash Items13.7M14.8M23.0M(43.3M)59.1M62.0M
Capital Expenditures118.6M114.5M189.0M217.7M146.0M82.5M
Net Income(40.5M)23.1M(4.9M)(114.3M)(137.6M)(130.7M)
End Period Cash Flow169.0M238.6M237.9M151.4M125.6M77.5M
Change To Inventory2.8M(4.3M)(9.0M)(3.4M)(514.3K)(540.0K)
Investments(116.9M)(127.1M)(958K)(213.8M)(175.4M)(166.6M)
Net Borrowings(5.2M)(17.7M)31.6M6.5M7.5M7.9M
Change To Netincome49.9M20.8M(16.4M)17.4M20.1M17.8M

First Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining First Majestic's current stock value. Our valuation model uses many indicators to compare First Majestic value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across First Majestic competition to find correlations between indicators driving First Majestic's intrinsic value. More Info.
First Majestic Silver is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers . At this time, First Majestic's Return On Equity is most likely to increase slightly in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value First Majestic by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

First Majestic Silver Systematic Risk

First Majestic's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. First Majestic volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on First Majestic Silver correlated with the market. If Beta is less than 0 First Majestic generally moves in the opposite direction as compared to the market. If First Majestic Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one First Majestic Silver is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of First Majestic is generally in the same direction as the market. If Beta > 1 First Majestic moves generally in the same direction as, but more than the movement of the benchmark.

First Majestic Thematic Clasifications

First Majestic Silver is part of Precious Metals investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Precious Metals industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Precious MetalsView
This theme covers USA Equities from Precious Metals industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in First Majestic Stock are looking for potential investment opportunities by analyzing not only static indicators but also various First Majestic's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of First Majestic growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.87)

At this time, First Majestic's Price Earnings To Growth Ratio is most likely to drop in the upcoming years.

First Majestic November 26, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of First Majestic help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of First Majestic Silver. We use our internally-developed statistical techniques to arrive at the intrinsic value of First Majestic Silver based on widely used predictive technical indicators. In general, we focus on analyzing First Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build First Majestic's daily price indicators and compare them against related drivers.

Complementary Tools for First Stock analysis

When running First Majestic's price analysis, check to measure First Majestic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Majestic is operating at the current time. Most of First Majestic's value examination focuses on studying past and present price action to predict the probability of First Majestic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Majestic's price. Additionally, you may evaluate how the addition of First Majestic to your portfolios can decrease your overall portfolio volatility.
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