MAG Silver Corp
TSX:MAG

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MAG Silver Corp
TSX:MAG
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Price: 34.38 CAD 2.9% Market Closed
Market Cap: CA$3.6B

Relative Value

The Relative Value of one MAG stock under the Base Case scenario is 22.8 CAD. Compared to the current market price of 34.38 CAD, MAG Silver Corp is Overvalued by 34%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MAG Relative Value
Base Case
22.8 CAD
Overvaluation 34%
Relative Value
Price
Worst Case
Base Case
Best Case

Multiples Across Competitors

MAG Competitors Multiples
MAG Silver Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
MAG Silver Corp
TSX:MAG
3.6B CAD 20.9 25.1 23.1 23.3
CA
Pan American Silver Corp
TSX:PAAS
32.5B CAD 6.6 24.3 14 20
US
Hecla Mining Co
NYSE:HL
13.1B USD 9.2 40.9 18.9 24.8
CA
Fortuna Silver Mines Inc
TSX:FVI
4.3B CAD 3.3 11 5.1 7.9
CA
Endeavour Silver Corp
TSX:EDR
4B CAD 6.4 -25.2 26.6 76.1
CA
Silvercorp Metals Inc
TSX:SVM
3.3B CAD 6.6 -143.4 10.1 12.5
CA
Aya Gold & Silver Inc
TSX:AYA
3.1B CAD 16.5 908.1 76 166.4
CA
First Majestic Silver Corp
TSX:FR
2.3B CAD 3 -12.6 19.5 -51
US
Gatos Silver Inc
TSX:GATO
1.5B CAD 0 32.2 -29.1 -29.1
CA
Andean Precious Metals Corp
XTSX:APM
1.3B CAD 4.2 17.2 12.1 15.6
CA
GoGold Resources Inc
TSX:GGD
1.2B CAD 9.9 27.1 17.1 19.6
P/E Multiple
Earnings Growth PEG
CA
MAG Silver Corp
TSX:MAG
Average P/E: 135.8
25.1
5%
5
CA
Pan American Silver Corp
TSX:PAAS
24.3
10%
2.4
US
Hecla Mining Co
NYSE:HL
40.9
24%
1.7
CA
Fortuna Silver Mines Inc
TSX:FVI
11
N/A N/A
CA
Endeavour Silver Corp
TSX:EDR
Negative Multiple: -25.2 N/A N/A
CA
Silvercorp Metals Inc
TSX:SVM
Negative Multiple: -143.4
81%
N/A
CA
Aya Gold & Silver Inc
TSX:AYA
908.1
N/A N/A
CA
First Majestic Silver Corp
TSX:FR
Negative Multiple: -12.6 N/A N/A
US
G
Gatos Silver Inc
TSX:GATO
32.2
55%
0.6
CA
A
Andean Precious Metals Corp
XTSX:APM
17.2
205%
0.1
CA
GoGold Resources Inc
TSX:GGD
27.1
95%
0.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
MAG Silver Corp
TSX:MAG
Average EV/EBITDA: 22.3
23.1
4%
5.8
CA
Pan American Silver Corp
TSX:PAAS
14
11%
1.3
US
Hecla Mining Co
NYSE:HL
18.9
14%
1.3
CA
Fortuna Silver Mines Inc
TSX:FVI
5.1
22%
0.2
CA
Endeavour Silver Corp
TSX:EDR
26.6
81%
0.3
CA
Silvercorp Metals Inc
TSX:SVM
10.1
75%
0.1
CA
Aya Gold & Silver Inc
TSX:AYA
76
N/A N/A
CA
First Majestic Silver Corp
TSX:FR
19.5
N/A N/A
US
G
Gatos Silver Inc
TSX:GATO
Negative Multiple: -29.1 N/A N/A
CA
A
Andean Precious Metals Corp
XTSX:APM
12.1
194%
0.1
CA
GoGold Resources Inc
TSX:GGD
17.1
124%
0.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
MAG Silver Corp
TSX:MAG
Average EV/EBIT: 40.7
23.3
N/A N/A
CA
Pan American Silver Corp
TSX:PAAS
20
22%
0.9
US
Hecla Mining Co
NYSE:HL
24.8
23%
1.1
CA
Fortuna Silver Mines Inc
TSX:FVI
7.9
N/A N/A
CA
Endeavour Silver Corp
TSX:EDR
76.1
N/A N/A
CA
Silvercorp Metals Inc
TSX:SVM
12.5
87%
0.1
CA
Aya Gold & Silver Inc
TSX:AYA
166.4
N/A N/A
CA
First Majestic Silver Corp
TSX:FR
Negative Multiple: -51 N/A N/A
US
G
Gatos Silver Inc
TSX:GATO
Negative Multiple: -29.1 N/A N/A
CA
A
Andean Precious Metals Corp
XTSX:APM
15.6
179%
0.1
CA
GoGold Resources Inc
TSX:GGD
19.6
N/A N/A
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