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STOCK COMPARISON

First Majestic Silver vs Andean Precious Metals: Fair Value & Quality

Both stocks run through our valuation models. Here is how First Majestic Silver (AG) and Andean Precious Metals (APM) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Andean Precious Metals as the less overvalued of the two: First Majestic Silver trades at $21.39 versus a fair value of $4.91 (-77%), while Andean Precious Metals trades at C$7.45 versus C$4.32 (-42%).
First Majestic Silver
AG · USD · Materials
-77%
upside to fair value
overvalued
Price$21.39
Fair Value$4.91
Quality49/100
Andean Precious Metals
APM.TO · CAD · Materials
-42%
upside to fair value
overvalued
PriceC$7.45
Fair ValueC$4.32
Quality78/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

First Majestic SilverAndean Precious Metals
Valuation
28.7×P/E (TTM)4.0×
5.62×P/S (TTM)1.38×
3.04×P/B2.42×
9.9×EV/EBITDA3.3×
−77.0%Fair value upside−42.1%
0.2%Dividend yield—
$0.04Dividend per share—
Profitability
50%Operating margin40%
2.53×EBIT margin trend (5Y)1.41×
11%Return on equity63%
8%Return on assets25%
Growth
95%Revenue growth (YoY)163%
26.8%Avg. growth/yr (3Y)49.3%
28.4%Avg. growth/yr (5Y)16.7%
+68.8%Value creation/yr+25.3%
Balance & size
23.6×Interest coverage (EBIT/interest)28.2×
0.11×Debt / equity0.15×
$8BMarket cap$638M
mixedGrowth qualitymixed

Andean Precious Metals leads: 5 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

First Majestic Silverof which business quality 54 · market factors 45 Andean Precious Metalsof which business quality 76 · market factors 28
ProfitabilityMargins and returns on capital today
31
85
Quality GrowthAre margins and returns improving?
80
92
CashflowEarnings quality: real cash, not paper profit
86
56
Fin. StrengthBalance sheet, leverage, solvency risk
88
89
InvestmentDisciplined investing over empire-building
6
20
Low VolatilityCalm price path (market factor)
0
0
MomentumPrice trend over the last 3–12 months (market factor)
55
38
52W MomentumDistance to the 52-week high (market factor)
78
41
Net IssuanceBuybacks instead of dilution
0
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyFirst Majestic SilverPrice $21.39Andean Precious MetalsPrice C$7.45
DCF Models-23%below the price$16.40+66%above the priceC$12.40
Earnings-Based-44%below the price$11.89+269%above the priceC$27.46
Dividend Discount-98%below the price$0.33n/a
Multiples-73%below the price$5.78-5%close to the priceC$7.11
Asset-Based-83%below the price$3.74-84%below the priceC$1.17
Growth DCF-26%below the price$15.82+6%close to the priceC$7.87
Economic Profit-78%below the price$4.61+9%close to the priceC$8.14
Growth Earnings-32%below the price$14.63+353%above the priceC$33.78
Minimum-98%below the price$0.33-84%below the priceC$1.17
Maximum-23%below the price$16.40+353%above the priceC$33.78
Median-59%below the price$8.84+9%close to the priceC$8.14
Geometric mean-72%below the price$5.91+25%above the priceC$9.32

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

First Majestic Silver: 25 of 26 models see the stock below the current price.

Andean Precious Metals: 7 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

First Majestic Silver
Bear $3.68Fair Value $4.91Bull $6.14
$21.39 = current price (white tick)
Andean Precious Metals
Bear C$2.60Fair Value C$4.32Bull C$5.38
C$7.45 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

First Majestic Silver · Materials

Quality score49 · below median
Fair value upside-77% · bottom 25%

Andean Precious Metals · Materials

Quality score78 · Top 25%
Fair value upside-42% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Andean Precious Metals as the less overvalued of the two: First Majestic Silver trades at $21.39 versus a fair value of $4.91 (-77%), while Andean Precious Metals trades at C$7.45 versus C$4.32 (-42%).

Andean Precious Metals has the higher quality score (78/100).

See the full analysis →
First Majestic Silver · Andean Precious Metals

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.