First Majestic Silver Stock Return On Asset
| AG Stock | 8.50 0.31 3.52% |
First Majestic Silver fundamentals help investors to digest information that contributes to First Majestic's financial success or failures. It also enables traders to predict the movement of First Stock. The fundamental analysis module provides a way to measure First Majestic's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to First Majestic stock.
As of the 25th of November 2024, Return On Assets is likely to drop to -0.07. First | Return On Asset |
First Majestic Silver Company Return On Asset Analysis
First Majestic's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current First Majestic Return On Asset | -0.0681 |
Most of First Majestic's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, First Majestic Silver is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for First Majestic is extremely important. It helps to project a fair market value of First Stock properly, considering its historical fundamentals such as Return On Asset. Since First Majestic's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of First Majestic's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of First Majestic's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Based on the latest financial disclosure, First Majestic Silver has a Return On Asset of -0.0681. This is 109.2% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The return on asset for all Canada stocks is 51.36% lower than that of the firm.
First Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses First Majestic's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of First Majestic could also be used in its relative valuation, which is a method of valuing First Majestic by comparing valuation metrics of similar companies.First Majestic is currently under evaluation in return on asset category among its peers.
First Majestic Current Valuation Drivers
We derive many important indicators used in calculating different scores of First Majestic from analyzing First Majestic's financial statements. These drivers represent accounts that assess First Majestic's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of First Majestic's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.5B | 2.9B | 2.7B | 2.2B | 1.7B | 1.8B | |
| Enterprise Value | 2.5B | 2.8B | 2.7B | 2.3B | 1.8B | 1.9B |
Fund Asset Allocation for First Majestic
The fund consists of 90.81% investments in stocks, with the rest of investments allocated between bonds, cashand various exotic instruments.Asset allocation divides First Majestic's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
First Fundamentals
| Return On Equity | -0.0576 | ||||
| Return On Asset | -0.0681 | ||||
| Profit Margin | (0.15) % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 2.68 B | ||||
| Shares Outstanding | 301.76 M | ||||
| Shares Owned By Insiders | 1.46 % | ||||
| Shares Owned By Institutions | 42.97 % | ||||
| Number Of Shares Shorted | 6.44 M | ||||
| Price To Earning | 13.14 X | ||||
| Price To Book | 1.38 X | ||||
| Price To Sales | 5.06 X | ||||
| Revenue | 576.38 M | ||||
| EBITDA | (199 M) | ||||
| Net Income | (135.11 M) | ||||
| Cash Per Share | (0.01) X | ||||
| Total Debt | 426 K | ||||
| Debt To Equity | 0.06 % | ||||
| Current Ratio | 1.17 X | ||||
| Book Value Per Share | 4.57 X | ||||
| Cash Flow From Operations | 55.61 M | ||||
| Short Ratio | 6.30 X | ||||
| Earnings Per Share | (0.36) X | ||||
| Target Price | 10.33 | ||||
| Beta | 1.39 | ||||
| Market Capitalization | 2.66 B | ||||
| Total Asset | 1.98 B | ||||
| Retained Earnings | (609.88 M) | ||||
| Working Capital | 188.92 M | ||||
| Current Asset | 104.78 M | ||||
| Current Liabilities | 89.2 M | ||||
| Annual Yield | 0 % | ||||
| Year To Date Return | (41.86) % | ||||
| One Year Return | (17.13) % | ||||
| Three Year Return | 23.74 % | ||||
| Five Year Return | 6.14 % | ||||
| Ten Year Return | 20.49 % | ||||
| Net Asset | 1.98 B | ||||
| Minimum Initial Investment | 500 | ||||
| Last Dividend Paid | 0.018 | ||||
| Holdings Turnover | 11.64 % | ||||
| Cash Position Weight | 1.86 % | ||||
| Equity Positions Weight | 90.81 % | ||||
| Bond Positions Weight | 3.88 % |
About First Majestic Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze First Majestic Silver's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Majestic using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Majestic Silver based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with First Majestic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Majestic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Majestic will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
Moving against First Stock
The ability to find closely correlated positions to First Majestic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Majestic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Majestic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Majestic Silver to buy it.
The correlation of First Majestic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Majestic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Majestic Silver moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Majestic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.