Stock AnalizFirst Majestic Silver Corp. AG
Precious Metals · data as of November 13, 2026
First Majestic Silver Corp. (AG) is a materials company listed in the US with a market value of about $6.7B. In the twelve months to September 30, 2026 it had revenue of $1.8B and net income of $395M, a net margin of 22.5%.
Its overall Stock Analiz score is 3.8 out of 5 (good). The strongest part is value (5/5); the weakest is track record (2/5).
Key numbers: a P/E of 17.3, a price to free cash flow of 11.8, 5-year revenue growth of 28% a year, a 5-year average ROIC of -0%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 7% above the current price.
Score: 3.8 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
Checks not passed
- 3-year free cash flow growth above 10% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
- ROE above 15%
- Share count down over 3 years (buybacks)
- 20% to 100% of free cash flow returned to shareholders
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B | $1.3B | $561M | $574M | $624M | $584M | $364M | $364M | $301M | $252M | $278M |
| Net income | $395M | $165M | -$102M | -$135M | -$114M | -$5M | $23M | -$40M | -$204M | -$53M | $9M |
| Free cash flow | $571M | $464M | $132M | $24M | -$41M | $12M | $36M | $98M | -$2M | $50M | $81M |
| EPS (diluted) | $0.79 | $0.33 | $-0.21 | $-0.27 | $-0.23 | $-0.01 | $0.05 | $-0.08 | $-0.41 | $-0.11 | $0.02 |
| Net margin | 22.5% | 13.1% | -18.2% | -23.5% | -18.3% | -0.8% | 6.3% | -11.1% | -67.8% | -21.1% | 3.1% |
| ROIC | — | 7.0% | -0.2% | -7.8% | -1.9% | 2.4% | 3.1% | -3.1% | -26.0% | -8.2% | 3.4% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 2 analysts is $23.75, 74% above the current price; targets range from $22.50 to $25.00; the consensus rating is “Buy”; expected EPS is $0.86 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is First Majestic Silver’s P/E ratio?
About 17.3, based on the last twelve months of diluted earnings per share (forward P/E about 15.0).
Is First Majestic Silver stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 7% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does First Majestic Silver pay a dividend?
Yes. The dividend yield is about 0.42%, and it has paid dividends for 5 years in our data.
Is First Majestic Silver a good stock to buy?
We do not give buy or sell advice. First Majestic Silver scores 3.8 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.