# First Majestic Silver Corp. Ordinary Shares (Canada) (AG) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Basic Materials / Metals & Mining. Price $20.97, market value $10.3 billion.

## Valuation
- **P/E (trailing): 30.0×** (5-yr avg 48.9×, 3-yr avg 48.9×). First Majestic Silver Corp. Ordinary Shares (Canada) trades at 30.0× trailing earnings, well below its own five-year average of 48.9×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 20.6×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.10**. A PEG of 0.10 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 6.3×**. Each dollar of revenue is priced at 6.3×.
- **Price / book: 3.5×**. The shares trade at 3.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 9.7×**. Enterprise value is 9.7× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 5.9%** (5-yr avg 2.8%). Free cash flow equals 5.9% of the market value, above its five-year average of 2.8%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 3.3%**. The inverse of the P/E: 3.3% of the price is earned each year.

## Profitability
- **Gross margin: 50.1%**. First Majestic Silver Corp. Ordinary Shares (Canada) keeps 50.1% of revenue after the direct cost of what it sells.
- **Operating margin: 43.7%**. 43.7% of revenue is left after running the business, an exceptional level.
- **Net margin: 16.8%**. 16.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.6%**. 6.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 14.9%**. Return on all capital, debt included, is 14.9%.
- **Return on assets: 8.2%**. Each dollar of assets produces 8.2% of profit.

## Growth
- **Revenue growth (1 yr): 124.3%** (3-yr 26.3%/yr, 5-yr 28.1%/yr). Revenue grew 124.3% over the last year, against 28.1% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 200.0%** (5-yr 25.3%/yr). Earnings per share rose 200.0%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.09**. Debt is 0.09 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. First Majestic Silver Corp. Ordinary Shares (Canada) holds more cash than debt.
- **Interest coverage: 38.2×**. Operating profit covers interest 38.2× over, a safe margin.
- **Altman Z-score: 5.57**. A Z-score of 5.57 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.29%** ($0.05 per share, trailing). First Majestic Silver Corp. Ordinary Shares (Canada) yields 0.29%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 5%** (3% of free cash flow). 5% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.

## Price and momentum
- **Total return (1 yr): 131.5%** (YTD 26.0%, 3-mo 23.4%). The shares are up 131.5% over twelve months including dividends.
- **From 52-week high: -34.6%** (131.5% above the low). Trading 35% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 2.70** (volatility 77%). Beta of 2.70 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AG · Page: https://foliofundamentals.com/stocks/ag

Not investment advice.