First Majestic Silver Corp
TSX:FR

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First Majestic Silver Corp
TSX:FR
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Price: 8.09 CAD -1.34%
Market Cap: 2.3B CAD
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Relative Value

The Relative Value of one FR stock under the Base Case scenario is 6.54 CAD. Compared to the current market price of 8.09 CAD, First Majestic Silver Corp is Overvalued by 19%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FR Relative Value
Base Case
6.54 CAD
Overvaluation 19%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
39
vs Industry
42
Median 3Y
3.1
Median 5Y
2.6
Industry
1.8
Forward
2.4
vs History
vs Industry
Median 3Y
-16.1
Median 5Y
-599.2
Industry
16
Forward
-72.2
vs History
50
vs Industry
6
Median 3Y
34.2
Median 5Y
27.6
Industry
9.6
vs History
vs Industry
Median 3Y
-16.2
Median 5Y
-33.6
Industry
15.3
vs History
14
vs Industry
43
Median 3Y
0
Median 5Y
0
Industry
1.5
vs History
38
vs Industry
41
Median 3Y
3.2
Median 5Y
2.6
Industry
2.2
Forward
2.5
vs History
31
vs Industry
8
Median 3Y
45.1
Median 5Y
23.2
Industry
7.6
vs History
26
vs Industry
9
Median 3Y
18.9
Median 5Y
14
Industry
10.5
vs History
vs Industry
Median 3Y
-40.5
Median 5Y
-51.9
Industry
13.5
vs History
50
vs Industry
7
Median 3Y
35.2
Median 5Y
28.9
Industry
10.8
vs History
vs Industry
Median 3Y
-20.6
Median 5Y
-24.6
Industry
13.9
vs History
14
vs Industry
46
Median 3Y
0
Median 5Y
0
Industry
1.3

Multiples Across Competitors

FR Competitors Multiples
First Majestic Silver Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
First Majestic Silver Corp
TSX:FR
2.3B CAD 2.9 -12.3 19.1 -50
CA
Pan American Silver Corp
TSX:PAAS
10.9B CAD 3 -62.9 12.1 49.6
US
Hecla Mining Co
NYSE:HL
3.4B USD 4.4 -77.5 18.1 164.2
CA
MAG Silver Corp
TSX:MAG
2.1B CAD 0 25.6 -108 -103.4
CA
Fortuna Silver Mines Inc
TSX:FVI
2B CAD 1.4 57.2 4.2 13.9
CA
Aya Gold & Silver Inc
TSX:AYA
1.7B CAD 30 135.2 236.3 328.4
CA
Endeavour Silver Corp
TSX:EDR
1.6B CAD 5.1 -38.8 28.8 130
US
Gatos Silver Inc
TSX:GATO
1.5B CAD 0 40.2 -33.4 -33.4
CA
Silvercorp Metals Inc
TSX:SVM
1.2B CAD 3.6 15.5 5.8 7.9
CA
Discovery Silver Corp
XTSX:DSV
467.2m CAD 0 -26.3 -24.7 -24.2
CA
GoGold Resources Inc
TSX:GGD
408m CAD 7.6 -89.8 -130.4 -49.7
P/E Multiple
Earnings Growth
CA
First Majestic Silver Corp
TSX:FR
Average P/E: 54.8
Negative Multiple: -12.3
N/A
CA
Pan American Silver Corp
TSX:PAAS
Negative Multiple: -62.9 N/A
US
Hecla Mining Co
NYSE:HL
Negative Multiple: -77.5 N/A
CA
MAG Silver Corp
TSX:MAG
25.6
98%
CA
Fortuna Silver Mines Inc
TSX:FVI
57.2
N/A
CA
Aya Gold & Silver Inc
TSX:AYA
135.2
1 055%
CA
Endeavour Silver Corp
TSX:EDR
Negative Multiple: -38.8
1 848%
US
G
Gatos Silver Inc
TSX:GATO
40.2
215%
CA
Silvercorp Metals Inc
TSX:SVM
15.5
253%
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -26.3 N/A
CA
GoGold Resources Inc
TSX:GGD
Negative Multiple: -89.8 N/A
EV/EBITDA Multiple
EBITDA Growth
CA
First Majestic Silver Corp
TSX:FR
Average EV/EBITDA: 46.3
19.1
N/A
CA
Pan American Silver Corp
TSX:PAAS
12.1
94%
US
Hecla Mining Co
NYSE:HL
18.1
157%
CA
MAG Silver Corp
TSX:MAG
Negative Multiple: -108 N/A
CA
Fortuna Silver Mines Inc
TSX:FVI
4.2
-13%
CA
Aya Gold & Silver Inc
TSX:AYA
236.3
1 028%
CA
Endeavour Silver Corp
TSX:EDR
28.8
437%
US
G
Gatos Silver Inc
TSX:GATO
Negative Multiple: -33.4 N/A
CA
Silvercorp Metals Inc
TSX:SVM
5.8
115%
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -24.7 N/A
CA
GoGold Resources Inc
TSX:GGD
Negative Multiple: -130.4
5 486%
EV/EBIT Multiple
EBIT Growth
CA
First Majestic Silver Corp
TSX:FR
Average EV/EBIT: 115.7
Negative Multiple: -50
N/A
CA
Pan American Silver Corp
TSX:PAAS
49.6
556%
US
Hecla Mining Co
NYSE:HL
164.2
742%
CA
MAG Silver Corp
TSX:MAG
Negative Multiple: -103.4 N/A
CA
Fortuna Silver Mines Inc
TSX:FVI
13.9
-34%
CA
Aya Gold & Silver Inc
TSX:AYA
328.4
N/A
CA
Endeavour Silver Corp
TSX:EDR
130
N/A
US
G
Gatos Silver Inc
TSX:GATO
Negative Multiple: -33.4 N/A
CA
Silvercorp Metals Inc
TSX:SVM
7.9
165%
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -24.2 N/A
CA
GoGold Resources Inc
TSX:GGD
Negative Multiple: -49.7 N/A

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