First Majestic Silver Corp. (Canada)
Find Ratings ReportsFIRST MAJESTIC SILVER CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. FIRST MAJESTIC SILVER CORP has strong liquidity. Currently, the Quick Ratio is 1.97 which shows the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 3.76% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 136.95 | 148.19 |
EBITDA ($mil) | 29.96 | 4.29 |
EBIT ($mil) | -2.13 | -32.97 |
Net Income ($mil) | 10.23 | -16.82 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 187.96 | 185.97 |
Total Assets ($mil) | 1976.36 | 2110.01 |
Total Debt ($mil) | 256.51 | 247.95 |
Equity ($mil) | 1358.12 | 1411.3 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 34.72 | 11.84 |
EBITDA Margin | 21.87 | 2.89 |
Operating Margin | -1.56 | -22.25 |
Sales Turnover | 0.29 | 0.3 |
Return on Assets | -6.83 | -5.41 |
Return on Equity | -9.95 | -8.1 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.57 | 2.21 |
Debt/Capital | 0.16 | 0.15 |
Interest Expense | 4.51 | 4.11 |
Interest Coverage | -0.47 | -8.02 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 287.15 | 272.58 |
Div / share | 0.0 | 0.01 |
EPS | 0.04 | -0.06 |
Book value / share | 4.73 | 5.18 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 7196875.0 | 5965236.0 |
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 1.14 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 3.13. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly below the subsector average, indicating a discount. After reviewing these and other key valuation criteria, FIRST MAJESTIC SILVER CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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AG NM | Peers 21.33 | AG 27.88 | Peers 11.36 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. AG's P/E is negative making this valuation measure meaningless. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. AG is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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AG NA | Peers 14.45 | AG NA | Peers 2.19 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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AG 1.14 | Peers 3.13 | AG -11.62 | Peers -3.47 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. AG is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, AG is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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AG 2.70 | Peers 4.47 | AG -8.08 | Peers 20.15 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. AG is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. AG significantly trails its peers on the basis of sales growth. |
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