First Majestic Silver Corp
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties in North America. The company explores for silver and gold deposits. Its projects include the San Dimas silver/gold mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena silver/gold mine that covers an area of approximately 102,2… Read more
First Majestic Silver Corp (AG) - Net Assets
Latest net assets as of December 2025: $3.17 Billion USD
Based on the latest financial reports, First Majestic Silver Corp (AG) has net assets worth $3.17 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.69 Billion) and total liabilities ($1.52 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.17 Billion |
| % of Total Assets | 67.58% |
| Annual Growth Rate | 53.03% |
| 5-Year Change | 124.47% |
| 10-Year Change | 409.44% |
| Growth Volatility | 109.82 |
First Majestic Silver Corp - Net Assets Trend (2000–2025)
This chart illustrates how First Majestic Silver Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Majestic Silver Corp (2000–2025)
The table below shows the annual net assets of First Majestic Silver Corp from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.17 Billion | +134.42% |
| 2024-12-31 | $1.35 Billion | -0.52% |
| 2023-12-31 | $1.36 Billion | -3.77% |
| 2022-12-31 | $1.41 Billion | +0.02% |
| 2021-12-31 | $1.41 Billion | +65.95% |
| 2020-12-31 | $850.24 Million | +28.37% |
| 2019-12-31 | $662.32 Million | +11.39% |
| 2018-12-31 | $594.57 Million | +2.08% |
| 2017-12-31 | $582.49 Million | -6.31% |
| 2016-12-31 | $621.70 Million | +14.13% |
| 2015-12-31 | $544.72 Million | +4.65% |
| 2014-12-31 | $520.53 Million | -8.80% |
| 2013-12-31 | $570.75 Million | -3.84% |
| 2012-12-31 | $593.52 Million | +69.29% |
| 2011-12-31 | $350.60 Million | +37.07% |
| 2010-12-31 | $255.78 Million | +34.64% |
| 2009-12-31 | $189.97 Million | +46.76% |
| 2008-12-31 | $129.44 Million | +4.40% |
| 2007-12-31 | $123.99 Million | +37.15% |
| 2006-12-31 | $90.40 Million | +79.90% |
| 2005-12-31 | $50.25 Million | +460.95% |
| 2004-12-31 | $8.96 Million | -3.17% |
| 2003-12-31 | $9.25 Million | +14440.93% |
| 2002-12-31 | $-64.51K | -122.47% |
| 2001-12-31 | $287.11K | +277.38% |
| 2000-12-31 | $76.08K | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Majestic Silver Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 55572700654.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.07 Billion | 111.52% |
| Other Comprehensive Income | $243.36 Million | 8.83% |
| Total Equity | $2.76 Billion | 100.00% |
First Majestic Silver Corp Competitors by Market Cap
The table below lists competitors of First Majestic Silver Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tenaga Nasional Bhd
KLSE:5347
|
$10.60 Billion |
|
UDR Inc
NYSE:UDR
|
$10.61 Billion |
|
Samsung C and T 1P Pref
KO:02826K
|
$10.62 Billion |
|
Shenwan Hongyuan Group Co Ltd
SHE:000166
|
$10.62 Billion |
|
Computershare Limited
PINK:CMSQF
|
$10.59 Billion |
|
AMGN
NEO:AMGN
|
$10.56 Billion |
|
WFD Unibail Rodamco NV
PINK:UNBLF
|
$10.56 Billion |
|
Smurfit Kappa Group Plc
PINK:SMFTF
|
$10.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Majestic Silver Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,351,071,000 to 2,755,980,385, a change of 1,404,909,385 (104.0%).
- Net income of 167,810,065 contributed positively to equity growth.
- Dividend payments of 10,012,254 reduced retained earnings.
- Share repurchases of 8,847,210 reduced equity.
- Other comprehensive income increased equity by 153,329,318.
- Other factors increased equity by 1,102,629,466.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $167.81 Million | +6.09% |
| Dividends Paid | $10.01 Million | -0.36% |
| Share Repurchases | $8.85 Million | -0.32% |
| Other Comprehensive Income | $153.33 Million | +5.56% |
| Other Changes | $1.10 Billion | +40.01% |
| Total Change | $- | 103.98% |
Book Value vs Market Value Analysis
This analysis compares First Majestic Silver Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.82x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 850.91x to 3.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $0.03 | $21.74 | x |
| 2001-12-31 | $0.08 | $21.74 | x |
| 2002-12-31 | $-0.01 | $21.74 | x |
| 2003-12-31 | $0.85 | $21.74 | x |
| 2004-12-31 | $0.40 | $21.74 | x |
| 2005-12-31 | $1.38 | $21.74 | x |
| 2007-12-31 | $2.19 | $21.74 | x |
| 2008-12-31 | $1.81 | $21.74 | x |
| 2009-12-31 | $2.21 | $21.74 | x |
| 2010-12-31 | $2.59 | $21.74 | x |
| 2011-12-31 | $3.27 | $21.74 | x |
| 2012-12-31 | $5.26 | $21.74 | x |
| 2013-12-31 | $4.88 | $21.74 | x |
| 2014-12-31 | $4.43 | $21.74 | x |
| 2015-12-31 | $4.22 | $21.74 | x |
| 2016-12-31 | $3.78 | $21.74 | x |
| 2017-12-31 | $3.52 | $21.74 | x |
| 2018-12-31 | $3.24 | $21.74 | x |
| 2019-12-31 | $3.29 | $21.74 | x |
| 2020-12-31 | $3.94 | $21.74 | x |
| 2021-12-31 | $5.76 | $21.74 | x |
| 2022-12-31 | $5.36 | $21.74 | x |
| 2023-12-31 | $4.81 | $21.74 | x |
| 2024-12-31 | $4.57 | $21.74 | x |
| 2025-12-31 | $5.69 | $21.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Majestic Silver Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.12%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.70x
- Recent ROE (6.09%) is above the historical average (-9.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -112.49% | -518979.87% | 0.00x | 1.08x | $-93.19K |
| 2001 | -21.19% | -368871.44% | 0.00x | 1.01x | $-89.54K |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | $-381.30K |
| 2003 | -13.45% | -166.71% | 0.06x | 1.27x | $-2.17 Million |
| 2004 | -33.79% | -405.69% | 0.07x | 1.14x | $-3.92 Million |
| 2005 | -10.51% | -46.39% | 0.11x | 2.09x | $-9.92 Million |
| 2007 | -5.89% | -16.84% | 0.23x | 1.51x | $-19.70 Million |
| 2008 | -3.27% | -11.61% | 0.19x | 1.47x | $-17.17 Million |
| 2009 | 3.17% | 10.60% | 0.24x | 1.26x | $-12.97 Million |
| 2010 | 14.11% | 30.62% | 0.37x | 1.26x | $10.52 Million |
| 2011 | 29.54% | 42.19% | 0.55x | 1.26x | $68.51 Million |
| 2012 | 14.98% | 35.97% | 0.30x | 1.37x | $29.55 Million |
| 2013 | -6.70% | -13.78% | 0.32x | 1.50x | $-95.31 Million |
| 2014 | -11.80% | -22.59% | 0.35x | 1.48x | $-113.50 Million |
| 2015 | -19.90% | -43.77% | 0.31x | 1.45x | $-162.90 Million |
| 2016 | 1.38% | 2.87% | 0.35x | 1.38x | $-53.57 Million |
| 2017 | -9.15% | -20.20% | 0.34x | 1.34x | $-111.52 Million |
| 2018 | -34.34% | -66.20% | 0.33x | 1.56x | $-263.62 Million |
| 2019 | -6.11% | -10.97% | 0.36x | 1.53x | $-106.71 Million |
| 2020 | 2.72% | 6.30% | 0.30x | 1.46x | $-61.94 Million |
| 2021 | -0.35% | -0.84% | 0.28x | 1.51x | $-146.02 Million |
| 2022 | -8.10% | -18.23% | 0.30x | 1.50x | $-255.41 Million |
| 2023 | -9.95% | -23.44% | 0.29x | 1.46x | $-270.92 Million |
| 2024 | -7.54% | -18.17% | 0.28x | 1.47x | $-236.99 Million |
| 2025 | 6.09% | 13.12% | 0.27x | 1.70x | $-107.79 Million |
Industry Comparison
This section compares First Majestic Silver Corp's net assets metrics with peer companies in the Silver industry.
Industry Context
- Industry: Silver
- Average net assets among peers: $28,003,415
- Average return on equity (ROE) among peers: -128.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Majestic Silver Corp (AG) | $3.17 Billion | -112.49% | 0.48x | $10.60 Billion |
| AGAGF (AGAGF) | $54.38K | -665.35% | 1.75x | $39.40 Million |
| Silver Mountain Resources Inc. (AGMRF) | $25.12 Million | -20.95% | 0.10x | $2.33 Million |
| Andean Precious Metals Corp (ANPMF) | $74.24 Million | 61.90% | 0.56x | $59.49 Million |
| Apollo Silver Corp (APGOF) | $-59.64K | 0.00% | 0.00x | $8.38 Million |
| Aya Gold & Silver Inc. (AYASF) | $130.31 Million | 1.07% | 0.20x | $968.26 Million |
| Bald Eagle Gold Corp. (BADEF) | $398.57K | -12.32% | 0.12x | $95.41 Million |
| Bunker Hill Mining Corp (BHLL) | $-6.96 Million | 0.00% | 0.00x | $94.30 Million |
| Canada Silver Cobalt Works Inc (CCWOF) | $2.27 Million | -497.07% | 1.01x | $6.00 Million |
| Dolly Varden Silver Corporation (DOLLF) | $26.66 Million | -27.30% | 0.05x | $118.97 Million |