First Historical Valuation
| AG Stock | USD 6.77 0.07 1.02% |
Some fundamental drivers such as market cap or First Majestic enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze First Majestic Silver valuation indicators such as Working Capital of 45.5 M or Enterprise Value of 2 B to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of First Majestic's future value.
First Majestic Working Capital |
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First |
About First Valuation Data Analysis
Valuation is the financial process of determining what First Majestic is worth. First Majestic valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. First Majestic valuation ratios help investors to determine whether First Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Majestic security.
First Majestic Valuation Data Chart
First valuation ratios help to determine how cheap or expensive it is, compared to its peers or based on some benchmark measure of value for a given date. A typical valuation ratio shows the difference between the cost of First equity instrument and the benefits of owning shares of First Majestic Silver.
At this time, First Majestic's Working Capital is most likely to increase significantly in the upcoming years. The First Majestic's current Enterprise Value is estimated to increase to about 2 B, while Market Cap is projected to decrease to roughly 961.8 M. Working Capital
The difference between a company’s current assets and current liabilities, indicating the liquidity and operational efficiency of the business.Enterprise Value
Enterprise Value (or EV) is usually referred to as First Majestic theoretical takeover price. In the event of an acquisition, an acquirer would have to take on First Majestic Silver debt, but would also pocket its cash. Enterprise Value is more accurate representation of First Majestic value than its market capitalization because it takes into account all of First Majestic Silver existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Most indicators from First Majestic's valuation accounts are interrelated and interconnected. However, analyzing valuation accounts 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 valuation accounts 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, First Majestic's Working Capital is most likely to increase significantly in the upcoming years. The First Majestic's current Enterprise Value is estimated to increase to about 2 B, while Market Cap is projected to decrease to roughly 961.8 M.
| 2023 | 2024 (projected) | Working Capital | 43.3M | 45.5M | Market Cap | 1.7B | 961.8M |
First Majestic valuation accounts Correlations
First Majestic Account Relationship Matchups
First Majestic valuation accounts Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.5B | 2.9B | 2.7B | 2.2B | 1.7B | 961.8M | |
| Enterprise Value | 2.5B | 2.8B | 2.7B | 2.3B | 1.9B | 2.0B |
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
| 0.9 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.83 | KALU | Kaiser Aluminum Earnings Call This Week | PairCorr |
| 0.91 | CENX | Century Aluminum Financial Report 13th of May 2024 | PairCorr |
| 0.77 | CSTM | Constellium Nv Earnings Call This Week | PairCorr |
Moving against First Stock
| 0.67 | NC | NACCO Industries | PairCorr |
| 0.63 | X | United States Steel Earnings Call This Week | PairCorr |
| 0.59 | VALE | Vale SA ADR Earnings Call This Week | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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.