First Balance Sheet Analysis From 2010 to 2024
AG Stock | USD 5.58 0.33 6.29% |
First |
Most indicators from First Majestic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out First Majestic Valuation and First Majestic Correlation analysis. At this time, First Majestic's Selling General Administrative is most likely to increase significantly in the upcoming years. The First Majestic's current Enterprise Value Multiple is estimated to increase to 24.73, while Tax Provision is forecasted to increase to (58.9 M).
First Majestic fundamental ratios Correlations
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First Majestic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Majestic fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.0B | 1.2B | 2.1B | 2.1B | 2.0B | 2.1B | |
Net Debt | 8.7M | (65.3M) | (16.8M) | 96.5M | 130.3M | 136.8M | |
Retained Earnings | (361.6M) | (338.9M) | (347.8M) | (468.9M) | (606.8M) | (576.4M) | |
Accounts Payable | 36.3M | 49.9M | 72.4M | 71.1M | 31.7M | 24.9M | |
Cash | 169.0M | 238.6M | 237.9M | 151.4M | 124.9M | 77.3M | |
Net Receivables | 33.9M | 45.9M | 54.3M | 41.2M | 48.4M | 50.9M | |
Other Current Assets | 3.0M | (1K) | 17.9M | 5.6M | 8.7M | 9.1M | |
Total Liab | 365.6M | 387.3M | 714.0M | 698.7M | 615.1M | 645.8M | |
Total Current Assets | 243.0M | 356.0M | 397.2M | 370.3M | 307.5M | 322.8M | |
Other Assets | 57.9M | 1K | 200.8M | 200.6M | 230.7M | 242.2M | |
Other Current Liab | 23.0M | 32.7M | 76.2M | 78.5M | 67.4M | 70.8M | |
Other Liab | 109.1M | 128.7M | 332.1M | 297.7M | 342.4M | 359.5M | |
Net Tangible Assets | 662.3M | 850.2M | 1.4B | 1.4B | 1.6B | 1.7B | |
Long Term Debt | 154.6M | 141.7M | 181.1M | 209.8M | 241.3M | 253.3M | |
Inventory | 30.5M | 32.5M | 60.6M | 64.8M | 63.4M | 66.5M | |
Short Long Term Debt | 1.2M | 11.0M | 125K | 551K | 633.7K | 602.0K | |
Short Term Debt | 8.1M | 16.3M | 12.0M | 14.4M | 18.1M | 16.1M | |
Common Stock | 933.2M | 1.1B | 1.7B | 1.8B | 1.9B | 2.0B | |
Long Term Debt Total | 151.2M | 169.7M | 157.0M | 209.1M | 240.5M | 252.5M |
First Majestic Investors Sentiment
The influence of First Majestic's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in First. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to First Majestic's public news can be used to forecast risks associated with an investment in First. The trend in average sentiment can be used to explain how an investor holding First can time the market purely based on public headlines and social activities around First Majestic Silver. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
First Majestic's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for First Majestic's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average First Majestic's news discussions. The higher the estimated score, the more favorable is the investor's outlook on First Majestic.
First Majestic Implied Volatility | 257.91 |
First Majestic's implied volatility exposes the market's sentiment of First Majestic Silver stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if First Majestic's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that First Majestic stock will not fluctuate a lot when First Majestic's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards First Majestic in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, First Majestic's short interest history, or implied volatility extrapolated from First Majestic options trading.
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
0.88 | AA | Alcoa Corp Fiscal Quarter End 31st of March 2024 | PairCorr |
0.76 | GGB | Gerdau SA ADR Financial Report 1st of May 2024 | PairCorr |
0.71 | PKX | POSCO Holdings Financial Report 25th of April 2024 | PairCorr |
Moving against First Stock
0.51 | EU | EnCore Energy Corp Report 26th of April 2024 | 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 First Majestic Valuation and First Majestic Correlation analysis. 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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.