First Historical Income Statement
| AG Stock | USD 6.14 0.06 0.99% |
Historical analysis of First Majestic income statement accounts such as Interest Expense of 16 M or Selling General Administrative of 52.9 M can show how well First Majestic Silver performed in making a profits. Evaluating First Majestic income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Majestic's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining First Majestic Silver latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Majestic Silver is a good buy for the upcoming year.
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About First Income Statement Analysis
First Majestic Silver Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to First Majestic shareholders. The income statement also shows First investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
First Majestic Income Statement Chart
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Total Revenue
Total revenue comprises all receipts First Majestic Silver generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Operating Income
Operating Income is the amount of profit realized from First Majestic Silver operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of First Majestic Silver is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from First Majestic's income statement are interrelated and interconnected. However, analyzing income statement accounts 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 income statement accounts, 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 closely tied with the direction of predictive economic indicators such as signals in price. At this time, First Majestic's Selling General Administrative is most likely to increase significantly in the upcoming years. The First Majestic's current Total Revenue is estimated to increase to about 605.2 M, while EBIT is forecasted to increase to (164.5 M).
First Majestic income statement Correlations
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First Majestic Account Relationship Matchups
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First Majestic income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 67.2M | 61.7M | 120.4M | 137.8M | 126.2M | 132.5M | |
| Interest Expense | 12.0M | 12.1M | 12.6M | 12.9M | 15.2M | 16.0M | |
| Selling General Administrative | 33.5M | 31.2M | 37.7M | 48.7M | 50.4M | 52.9M | |
| Total Revenue | 368.8M | 366.7M | 587.2M | 626.9M | 576.4M | 605.2M | |
| Gross Profit | 67.9M | 105.1M | 101.4M | 16.8M | 25.6M | 46.1M | |
| Other Operating Expenses | 346.1M | 318.7M | 540.4M | 678.5M | 755.2M | 792.9M | |
| Operating Income | 28.4M | 40.4M | 49.2M | (50.5M) | (178.8M) | (169.8M) | |
| Ebit | 28.4M | 44.0M | 42.1M | (46.5M) | (173.2M) | (164.5M) | |
| Ebitda | 95.6M | 105.8M | 162.5M | 91.3M | (47.0M) | (44.7M) | |
| Total Operating Expenses | 45.1M | 57.1M | 54.6M | 68.4M | 73.8M | 77.5M | |
| Income Before Tax | (39.0M) | 29.7M | 25.3M | (61.4M) | (195.9M) | (186.1M) | |
| Total Other Income Expense Net | (67.4M) | (10.6M) | (24.0M) | (10.9M) | (17.1M) | (18.0M) | |
| Net Income | (40.5M) | 23.1M | (4.9M) | (114.3M) | (135.1M) | (128.4M) | |
| Income Tax Expense | 1.5M | 6.6M | 30.2M | 52.9M | (60.8M) | (57.8M) | |
| Net Income From Continuing Ops | (40.5M) | 23.1M | (4.9M) | (114.3M) | (162.2M) | (154.1M) | |
| Cost Of Revenue | 301.0M | 261.6M | 485.8M | 610.1M | 550.7M | 578.3M | |
| Net Income Applicable To Common Shares | (40.5M) | 23.1M | (4.9M) | (114.3M) | (102.8M) | (97.7M) | |
| Tax Provision | 1.5M | 6.6M | 30.2M | 52.9M | (62.1M) | (58.9M) | |
| Interest Income | 3.9M | 1.1M | 13.0M | 2.4M | 7.1M | 5.6M | |
| Net Interest Income | (6.4M) | (11.3M) | (12.1M) | (11.9M) | (10.5M) | (11.0M) | |
| Reconciled Depreciation | 67.2M | 56.3M | 118.3M | 137.4M | 131.9M | 107.4M |
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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 closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Metals & Mining space 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 0.018 | Earnings Share (0.26) | Revenue Per Share 1.8 | Quarterly Revenue Growth 0.097 |
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.