First Majestic Financials

AG Stock  USD 5.88  0.30  5.38%   
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 April. 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 24.9 M. Key indicators impacting First Majestic's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.120.1746
Way Down
Pretty Stable
Current Ratio2.442.5725
Notably Down
Slightly volatile
The financial analysis of First Majestic is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for First Majestic includes many different criteria found on its balance sheet. For example, investors should never minimize First Majestic's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor First Majestic's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in First Majestic.

Net Income

(130.71 Million)

With this module, you can analyze First financials for your investing period. You should be able to track the changes in First Majestic individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
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.
Evaluating First Majestic's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of First Majestic's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the First Majestic's relative financial performance

Chance Of Distress

Less than 13

 
100  
 
Zero
Low
First Majestic Silver has less than 13 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for First Majestic stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, First Majestic's odds of distress score SHOULD NOT be confused with the real chance of First Majestic Silver filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as First is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include First Majestic's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in First Majestic's official financial statements usually reflect First Majestic's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of First Majestic Silver. For example, before you start analyzing numbers published by First accountants, it's critical to develop an understanding of what First Majestic's liquidity, profitability, and earnings quality are in the context of the Metals & Mining space in which it operates.
Please note, the presentation of First Majestic's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, First Majestic's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in First Majestic's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of First Majestic Silver. Please utilize our Beneish M Score to check the likelihood of First Majestic's management manipulating its earnings.

First Majestic Company Summary

First Majestic competes with United States, Alcoa Corp, AngloGold Ashanti, Chemours, and Celanese. 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.
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
BenchmarkNYSE Composite
Websitewww.firstmajestic.com
Phone604 688 3033
CurrencyUSD - US Dollar
You should never invest in First Majestic without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of First Stock, because this is throwing your money away. Analyzing the key information contained in First Majestic's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

First Majestic Key Financial Ratios

Generally speaking, First Majestic's financial ratios allow both analysts and investors to convert raw data from First Majestic's financial statements into concise, actionable information that can be used to evaluate the performance of First Majestic over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that First Majestic Silver reports annually and quarterly.

First Majestic Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.0B1.2B2.1B2.1B2.0B2.1B
Net Debt8.7M(65.3M)(16.8M)96.5M130.3M136.8M
Retained Earnings(361.6M)(338.9M)(347.8M)(468.9M)(606.8M)(576.4M)
Accounts Payable36.3M49.9M72.4M71.1M31.7M24.9M
Cash169.0M238.6M237.9M151.4M124.9M77.3M
Net Receivables33.9M45.9M54.3M41.2M48.4M50.9M
Other Current Assets3.0M(1K)17.9M5.6M8.7M9.1M
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 Liab23.0M32.7M76.2M78.5M67.4M70.8M
Other Liab109.1M128.7M332.1M297.7M342.4M359.5M
Net Tangible Assets662.3M850.2M1.4B1.4B1.6B1.7B
Long Term Debt154.6M141.7M181.1M209.8M241.3M253.3M
Inventory30.5M32.5M60.6M64.8M63.4M66.5M
Short Long Term Debt1.2M11.0M125K551K633.7K602.0K
Short Term Debt8.1M16.3M12.0M14.4M18.1M16.1M
Common Stock933.2M1.1B1.7B1.8B1.9B2.0B
Long Term Debt Total151.2M169.7M157.0M209.1M240.5M252.5M

First Majestic Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what First Majestic's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense12.0M12.1M12.6M12.9M15.5M16.3M
Total Revenue368.8M366.7M587.2M626.9M584.3M613.5M
Gross Profit67.9M105.1M101.4M16.8M16.1M15.3M
Operating Income28.4M40.4M49.2M(50.5M)(57.7M)(54.8M)
Ebit28.4M40.4M49.2M(50.5M)(57.7M)(54.8M)
Ebitda95.6M105.0M165.6M86.9M79.3M61.4M
Income Before Tax(39.0M)29.7M25.3M(61.4M)(199.5M)(189.5M)
Net Income(40.5M)23.1M(4.9M)(114.3M)(137.6M)(130.7M)
Income Tax Expense1.5M6.6M30.2M52.9M(61.9M)(58.8M)
Cost Of Revenue301.0M261.6M485.8M610.1M568.2M596.6M
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

Cash flow analysis captures how much money flows into and out of First Majestic Silver. It measures of how well First is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money First Majestic brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money First had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what First Majestic has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change In Cash112.0M69.6M(652K)(86.5M)(26.4M)(25.1M)
Free Cash Flow21.4M(34.8M)(120.2M)(198.7M)(101.7M)(96.6M)
Depreciation119.7M49.8M39.7M137.4M137.0M143.8M
Other Non Cash Items13.7M14.8M23.0M(43.3M)434.3M456.0M
Capital Expenditures118.6M114.5M189.0M217.7M150.1M82.7M
Net Income(40.5M)23.1M(4.9M)(114.3M)(137.6M)(130.7M)
End Period Cash Flow169.0M238.6M237.9M151.4M124.9M77.5M
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 rated below average in revenue category among related companies. It is rated below average in profit margin category among related companies . The current Pretax Profit Margin is estimated to decrease to -0.36. The current Operating Profit Margin is estimated to decrease to -0.1. Comparative valuation analysis is a catch-all model that can be used if you cannot value First Majestic by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for First Majestic's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the First Majestic's earnings, one of the primary drivers of an investment's value.

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.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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.

About First Majestic Financials

What exactly are First Majestic Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include First Majestic's income statement, its balance sheet, and the statement of cash flows. Potential First Majestic investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although First Majestic investors may use each financial statement separately, they are all related. The changes in First Majestic's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on First Majestic's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze First Majestic Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as First Majestic is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of First has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if First Majestic's financials are consistent with your investment objective using the following steps:
  • Review First Majestic's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand First Majestic's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare First Majestic's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if First Majestic's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

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

(0.86)

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

First Majestic March 29, 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.
When determining whether First Majestic Silver is a strong investment it is important to analyze First Majestic's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Majestic's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:
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 tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the First Majestic Silver information on this page should be used as a complementary analysis to other First Majestic's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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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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Is First Majestic's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Majestic. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Majestic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.359
Dividend Share
0.02
Earnings Share
(0.48)
Revenue Per Share
2.032
Quarterly Revenue Growth
(0.08)
The market value of First Majestic Silver is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Majestic's value that differs from its market value or its book value, called intrinsic value, which is First Majestic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Majestic's market value can be influenced by many factors that don't directly affect First Majestic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Majestic's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Majestic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Majestic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.