# First Majestic Silver Corp. (AG) — Stock CV

First Majestic Silver Corp. is a $8.51B materials company. Revenue grew 124.3% over the last year, it keeps 13¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 24.0× earnings.

> First Majestic Silver Corp is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America.

## Identity

- **Ticker**: AG
- **Sector**: Basic Materials
- **Industry**: Silver
- **Employees**: 5 535
- **Website**: https://www.firstmajestic.com
- **Market cap**: $8.51B
- **Last price**: $17.25
- **Financial profile**: Strong

## Vitals (FY2025)

- **Revenue**: $1.26B
- **Net income**: $165M
- **Free cash flow**: $614M
- **Net cash**: $917M
- **P/E**: 24.0
- **Revenue growth (YoY)**: 124.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 82 |
| Growth | 37 |
| Profitability | 62 |
| Health | 78 |
| Quality | 71 |
| Moat | 23 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +124.3% YoY
- [x] Profitable — $165M FY2025
- [x] Profit growing — +26.1% YoY
- [x] Generates cash — $614M FY2025
- [x] Debt under control — more cash than debt
- [x] Established company — $8.51B market cap
- [ ] Not printing shares — +80.7% shares over ~5y
- [ ] Proven track record — 1/5 profitable years
- [x] Financially stable — Altman Z 3.9 — safe
- [x] Pays a dividend — yield 0.21%
- [x] Valuation not extreme — P/E 24.0

## Experience (career milestones)

- **FY2025** — Turned profitable: $165M net income after a loss year
- **FY2025** — Revenue crossed $1B: $1.26B for the year
- **FY2025** — Best year on record: $165M net income
- **FY2023** — Became debt-free: cash now exceeds total debt

## Strengths

- High gross margin (51.0%)
- Revenue growing 124.3% year over year
- Strong cash conversion — FCF is 48.8% of revenue
- Net cash position after subtracting debt from cash
- Altman Z-Score 3.88 — low bankruptcy-risk zone

## Watch-outs

- Thin interest coverage (0.1×)
- Loss-making in 4 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $584M | -$4.92M | -$199M |
| FY2022 | $624M | -$114M | -$90.4M |
| FY2023 | $574M | -$135M | $36.8M |
| FY2024 | $561M | -$102M | $315M |
| FY2025 | $1.26B | $165M | $614M |

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Source: https://stockcv.com/AG — derived from company filings; may be delayed or incomplete. Information, not investment advice.