First Historical Cash Flow
| AG Stock | USD 6.84 0.65 8.68% |
Analysis of First Majestic cash flow over time is an excellent tool to project First Majestic Silver future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Depreciation of 143.8 M or Other Non Cash Items of 137.8 M as it is a great indicator of First Majestic ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining First Majestic Silver latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Majestic Silver is a good buy for the upcoming year.
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About First Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in First balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which First's non-liquid assets can be easily converted into cash.
First Majestic Cash Flow Chart
First Cash Flow Statement became part of mandatory reporting in 1987. It is now one of three main statements in accounting used to measure how well a company manages its liquidity and overall cash position. The rate of cash utilization and preservation is now part of the leading indicators of a healthy entity, and the First Majestic Silver Cash Flow Statement shows how well the company generates cash to payout debt obligations or to cover ongoing operating expenses.
At this time, First Majestic's Other Non Cash Items is most likely to increase significantly in the upcoming years. The First Majestic's current Total Cash From Operating Activities is estimated to increase to about 53.7 M, while Free Cash Flow is forecasted to increase to (96.6 M). Add Fundamental
Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Capital Expenditures
Capital Expenditures are funds used by First Majestic Silver to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of First Majestic operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most accounts from First Majestic's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement 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 cash flow statement 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 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. At this time, First Majestic's Other Non Cash Items is most likely to increase significantly in the upcoming years. The First Majestic's current Total Cash From Operating Activities is estimated to increase to about 53.7 M, while Free Cash Flow is forecasted to increase to (96.6 M).
First Majestic cash flow statement Correlations
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First Majestic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Majestic cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 112.0M | 69.6M | (652K) | (86.5M) | (26.4M) | (25.1M) | |
| Free Cash Flow | 21.4M | (34.8M) | (120.2M) | (198.7M) | (101.7M) | (96.6M) | |
| Change In Working Capital | 37.3M | (22.8M) | (31.5M) | (27.7M) | (18.9M) | (17.9M) | |
| Begin Period Cash Flow | 57.0M | 169.0M | 238.6M | 237.9M | 151.4M | 158.9M | |
| Other Cashflows From Financing Activities | 11.0M | 43.8M | 270.2M | 51.5M | (15.5M) | (14.7M) | |
| Depreciation | 119.7M | 49.8M | 39.7M | 137.4M | 137.0M | 143.8M | |
| Other Non Cash Items | 13.7M | 14.8M | 23.0M | (43.3M) | 131.2M | 137.8M | |
| Capital Expenditures | 118.6M | 114.5M | 189.0M | 217.7M | 150.1M | 82.7M | |
| Total Cash From Operating Activities | 140.0M | 79.7M | 68.7M | 19.0M | 48.4M | 53.7M | |
| Net Income | (40.5M) | 23.1M | (4.9M) | (114.3M) | (137.6M) | (130.7M) | |
| End Period Cash Flow | 169.0M | 238.6M | 237.9M | 151.4M | 124.9M | 77.5M | |
| Total Cash From Financing Activities | 87.7M | 116.6M | 111.8M | 113.9M | 74.5M | 39.1M | |
| Sale Purchase Of Stock | 98.6M | (1.7M) | (42K) | (665K) | (10K) | (9.5K) | |
| Change To Inventory | 2.8M | (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) | 31.6M | 6.5M | 7.5M | 7.9M | |
| Total Cashflows From Investing Activities | (116.9M) | (127.1M) | (180.8M) | (213.8M) | (192.4M) | (182.8M) | |
| Change To Account Receivables | 1.3M | 24K | (3.4M) | (870K) | (9.4M) | (9.0M) | |
| Change To Operating Activities | 30.8M | (28.2M) | (39.1M) | 3.8M | 3.4M | 3.6M | |
| Other Cashflows From Investing Activities | 807K | (11.8M) | (19.9M) | 2.9M | 2.6M | 2.7M | |
| Change To Netincome | 49.9M | 20.8M | (16.4M) | 17.4M | 20.1M | 17.8M | |
| Change To Liabilities | 9.0M | 10.8M | 16.6M | (22.7M) | (20.5M) | (19.4M) | |
| Stock Based Compensation | 8.3M | 8.3M | 12.3M | 14.0M | 12.9M | 8.1M |
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
| 0.9 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.79 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
Moving against First Stock
| 0.63 | X | United States Steel Earnings Call Next Week | PairCorr |
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 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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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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.