First Balance Sheet Analysis

AG Stock

USD 6.82 0.27 4.12%

Most accounts from First Majestic's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into First Majestic Silver current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out First Majestic Valuation and First Majestic Correlation analysis.

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.

Net Receivables Accounts Payable

	2021	2022	2023	2024 (projected)
Total Current Liabilities	172.8M	167.4M	119.5M	125.5M
Total Assets	2.1B	2.1B	2.0B	2.1B

Total Current Liabilities Total Assets

First Majestic balance sheet Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Assets	Other Current Liab	Other Liab	Net Tangible Assets	Long Term Debt	Good Will	Common Stock Total Equity
Total Assets		0.94	1.0	0.99	0.55	-0.82	0.74	0.57	1.0	0.7	0.77	0.73	0.93	0.99	0.73	0.14	0.99	0.93	0.9	0.9	0.97	0.93	0.97	0.9	0.58	0.91
Total Current Liabilities	0.94		0.93	0.95	0.46	-0.68	0.84	0.58	0.94	0.79	0.71	0.63	0.82	0.92	0.68	0.03	0.95	0.89	0.84	0.77	0.93	0.82	0.86	0.78	0.53	0.81
Total Stockholder Equity	1.0	0.93		0.99	0.53	-0.81	0.72	0.57	0.99	0.68	0.78	0.71	0.94	0.98	0.72	0.16	0.98	0.94	0.9	0.91	0.96	0.93	0.98	0.88	0.6	0.91
Property Plant And Equipment Net	0.99	0.95	0.99		0.6	-0.77	0.72	0.49	1.0	0.69	0.7	0.69	0.91	0.98	0.72	0.11	0.99	0.95	0.85	0.9	0.96	0.91	0.96	0.87	0.59	0.88
Net Debt	0.55	0.46	0.53	0.6		-0.62	0.13	-0.27	0.6	0.22	0.0	0.49	0.49	0.61	0.32	-0.01	0.59	0.6	0.24	0.66	0.6	0.54	0.56	0.67	0.2	0.5
Retained Earnings	-0.82	-0.68	-0.81	-0.77	-0.62		-0.55	-0.45	-0.8	-0.48	-0.68	-0.75	-0.89	-0.85	-0.48	-0.17	-0.83	-0.7	-0.79	-0.83	-0.78	-0.88	-0.82	-0.92	-0.35	-0.92
Accounts Payable	0.74	0.84	0.72	0.72	0.13	-0.55		0.77	0.7	0.89	0.73	0.64	0.68	0.73	0.55	0.14	0.77	0.65	0.82	0.52	0.7	0.61	0.61	0.63	0.43	0.67
Cash	0.57	0.58	0.57	0.49	-0.27	-0.45	0.77		0.5	0.58	0.92	0.49	0.61	0.54	0.42	0.1	0.56	0.35	0.83	0.31	0.49	0.46	0.49	0.5	0.4	0.63
Non Current Assets Total	1.0	0.94	0.99	1.0	0.6	-0.8	0.7	0.5		0.68	0.71	0.7	0.92	0.99	0.73	0.13	0.99	0.95	0.86	0.92	0.97	0.93	0.97	0.89	0.57	0.89
Non Currrent Assets Other	0.7	0.79	0.68	0.69	0.22	-0.48	0.89	0.58	0.68		0.56	0.48	0.53	0.71	0.63	0.18	0.73	0.7	0.71	0.6	0.75	0.59	0.58	0.59	0.14	0.5
Cash And Short Term Investments	0.77	0.71	0.78	0.7	0.0	-0.68	0.73	0.92	0.71	0.56		0.62	0.81	0.74	0.53	0.13	0.74	0.58	0.95	0.57	0.7	0.7	0.74	0.71	0.49	0.83
Net Receivables	0.73	0.63	0.71	0.69	0.49	-0.75	0.64	0.49	0.7	0.48	0.62		0.79	0.76	0.61	0.2	0.75	0.59	0.75	0.64	0.65	0.66	0.7	0.83	0.57	0.81
Common Stock Shares Outstanding	0.93	0.82	0.94	0.91	0.49	-0.89	0.68	0.61	0.92	0.53	0.81	0.79		0.93	0.58	0.21	0.92	0.79	0.91	0.84	0.83	0.9	0.93	0.9	0.7	0.98
Non Current Liabilities Total	0.99	0.92	0.98	0.98	0.61	-0.85	0.73	0.54	0.99	0.71	0.74	0.76	0.93		0.73	0.13	1.0	0.91	0.89	0.91	0.96	0.92	0.95	0.94	0.53	0.92
Other Current Assets	0.73	0.68	0.72	0.72	0.32	-0.48	0.55	0.42	0.73	0.63	0.53	0.61	0.58	0.73		0.36	0.73	0.69	0.63	0.77	0.75	0.68	0.73	0.62	0.33	0.53
Other Stockholder Equity	0.14	0.03	0.16	0.11	-0.01	-0.17	0.14	0.1	0.13	0.18	0.13	0.2	0.21	0.13	0.36		0.11	0.12	0.19	0.29	0.11	0.16	0.28	0.13	0.26	0.09
Total Liab	0.99	0.95	0.98	0.99	0.59	-0.83	0.77	0.56	0.99	0.73	0.74	0.75	0.92	1.0	0.73	0.11		0.92	0.89	0.89	0.97	0.91	0.94	0.92	0.54	0.91
Property Plant And Equipment Gross	0.93	0.89	0.94	0.95	0.6	-0.7	0.65	0.35	0.95	0.7	0.58	0.59	0.79	0.91	0.69	0.12	0.92		0.75	0.9	0.94	0.89	0.92	0.77	0.43	0.75
Total Current Assets	0.9	0.84	0.9	0.85	0.24	-0.79	0.82	0.83	0.86	0.71	0.95	0.75	0.91	0.89	0.63	0.19	0.89	0.75		0.73	0.85	0.81	0.86	0.85	0.54	0.91
Other Assets	0.9	0.77	0.91	0.9	0.66	-0.83	0.52	0.31	0.92	0.6	0.57	0.64	0.84	0.91	0.77	0.29	0.89	0.9	0.73		0.9	0.95	0.93	0.84	0.39	0.79
Other Current Liab	0.97	0.93	0.96	0.96	0.6	-0.78	0.7	0.49	0.97	0.75	0.7	0.65	0.83	0.96	0.75	0.11	0.97	0.94	0.85	0.9		0.89	0.94	0.88	0.4	0.82
Other Liab	0.93	0.82	0.93	0.91	0.54	-0.88	0.61	0.46	0.93	0.59	0.7	0.66	0.9	0.92	0.68	0.16	0.91	0.89	0.81	0.95	0.89		0.93	0.83	0.44	0.88
Net Tangible Assets	0.97	0.86	0.98	0.96	0.56	-0.82	0.61	0.49	0.97	0.58	0.74	0.7	0.93	0.95	0.73	0.28	0.94	0.92	0.86	0.93	0.94	0.93		0.87	0.6	0.89
Long Term Debt	0.9	0.78	0.88	0.87	0.67	-0.92	0.63	0.5	0.89	0.59	0.71	0.83	0.9	0.94	0.62	0.13	0.92	0.77	0.85	0.84	0.88	0.83	0.87		0.45	0.92
Good Will	0.58	0.53	0.6	0.59	0.2	-0.35	0.43	0.4	0.57	0.14	0.49	0.57	0.7	0.53	0.33	0.26	0.54	0.43	0.54	0.39	0.4	0.44	0.6	0.45		0.62
Common Stock Total Equity	0.91	0.81	0.91	0.88	0.5	-0.92	0.67	0.63	0.89	0.5	0.83	0.81	0.98	0.92	0.53	0.09	0.91	0.75	0.91	0.79	0.82	0.88	0.89	0.92	0.62

Click cells to compare fundamentals

First Majestic Account Relationship Matchups

First Majestic balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	1.2B	2.1B	2.1B	2.0B	2.1B
Net Debt	8.7M	(65.3M)	(16.8M)	96.5M	130.3M	136.8M
Retained Earnings	(361.6M)	(338.9M)	(347.8M)	(468.9M)	(606.8M)	(576.4M)
Accounts Payable	36.3M	49.9M	72.4M	71.1M	31.7M	24.9M
Cash	169.0M	238.6M	237.9M	151.4M	124.9M	77.3M
Net Receivables	33.9M	45.9M	54.3M	41.2M	48.4M	50.9M
Other Current Assets	3.0M	(1K)	17.9M	5.6M	8.7M	9.1M
Total Liab	365.6M	387.3M	714.0M	698.7M	615.1M	645.8M
Total Current Assets	243.0M	356.0M	397.2M	370.3M	307.5M	322.8M
Other Assets	57.9M	1K	200.8M	200.6M	230.7M	242.2M
Other Current Liab	23.0M	32.7M	76.2M	78.5M	67.4M	70.8M
Other Liab	109.1M	128.7M	332.1M	297.7M	342.4M	359.5M
Net Tangible Assets	662.3M	850.2M	1.4B	1.4B	1.6B	1.7B
Long Term Debt	154.6M	141.7M	181.1M	209.8M	219.0M	229.9M
Inventory	30.5M	32.5M	60.6M	64.8M	63.4M	66.5M
Short Long Term Debt	1.2M	11.0M	125K	551K	426K	404.7K
Short Term Debt	8.1M	16.3M	12.0M	14.4M	18.1M	16.1M
Common Stock	933.2M	1.1B	1.7B	1.8B	1.9B	2.0B
Long Term Debt Total	151.2M	169.7M	157.0M	209.1M	240.5M	252.5M

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

0.93	AA	Alcoa Corp Financial Report 17th of July 2024	Pair Corr
0.86	TX	Ternium SA ADR	Pair Corr
0.75	WS	Worthington Steel	Pair Corr

Moving against First Stock

0.85	SID	Companhia Siderurgica Financial Report 1st of May 2024	Pair Corr
0.67	PKX	POSCO Holdings Financial Report 25th of April 2024	Pair Corr
0.66	X	United States Steel Earnings Call Tomorrow	Pair Corr
0.59	ZKIN	ZK International	Pair Corr

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.

Pair Correlation Correlation Matching

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:

How To Invest In First

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Is First Stock a good investment?

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What is First Majestic's Net Worth?

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Check out First Majestic Valuation and First Majestic Correlation analysis.

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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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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.

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First Balance Sheet Analysis

First Majestic balance sheet Correlations

First Majestic Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Majestic balance sheet Accounts

Pair Trading with First Majestic

Moving together with First Stock

Moving against First Stock

Complementary Tools for First Stock analysis

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Total Assets

Common Stock Total Equity	- 0.92	Retained Earnings
Long Term Debt	- 0.92	Retained Earnings
Common Stock Shares Outstanding	- 0.89	Retained Earnings
Other Liab	- 0.88	Retained Earnings
Non Current Liabilities Total	- 0.85	Retained Earnings
Other Assets	- 0.83	Retained Earnings