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GuruFocus has detected 3 Warning Signs with First Majestic Silver Corp $AG.
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First Majestic Silver Corp (NYSE:AG)
EV-to-EBIT
-16.62 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, First Majestic Silver Corp's enterprise value is $1,474.0 Mil. First Majestic Silver Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $-88.7 Mil. Therefore, First Majestic Silver Corp's EV/EBIT ratio for today is -16.62.

AG' s EV-to-EBIT Range Over the Past 10 Years
Min: -6621.1   Max: 178.2
Current: 53.15

-6621.1
178.2

During the past 13 years, the highest EV/EBIT Ratio of First Majestic Silver Corp was 178.20. The lowest was -6621.10. And the median was -3.90.

AG's EV-to-EBIT is ranked lower than
81% of the 391 Companies
in the Global Silver industry.

( Industry Median: 20.45 vs. AG: 53.15 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). First Majestic Silver Corp's enterprise value for the quarter that ended in Sep. 2016 was $1,692.7 Mil. First Majestic Silver Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $-88.7 Mil. First Majestic Silver Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was -5.24%.


Definition

First Majestic Silver Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=1474.036/-88.706
=-16.62

First Majestic Silver Corp's current Enterprise Value is $1,474.0 Mil.
First Majestic Silver Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was -113.843 (Dec. 2015 ) + 5.212 (Mar. 2016 ) + 5.446 (Jun. 2016 ) + 14.479 (Sep. 2016 ) = $-88.7 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

First Majestic Silver Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2016 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2016 )
=-88.706/1692.702
=-5.24 %

First Majestic Silver Corp's Enterprise Value for the quarter that ended in Sep. 2016 was $1,692.7 Mil.
First Majestic Silver Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was -113.843 (Dec. 2015 ) + 5.212 (Mar. 2016 ) + 5.446 (Jun. 2016 ) + 14.479 (Sep. 2016 ) = $-88.7 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

First Majestic Silver Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit -52.17-26.4871.1732.3312.5319.9931.54-6.14-4.3151.23

First Majestic Silver Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit -65.60-6.14-6.83-5.74-4.20-4.31-8.25-18.58-18.0451.23
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