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STOCK COMPARISON

Excellon Resources vs First Majestic Silver: Fair Value & Quality

Both stocks run through our valuation models. Here is how Excellon Resources (EXN) and First Majestic Silver (AG) compare, as of Aug 11, 2026.

As of Aug 11, 2026, Fair Value Calculator sees First Majestic Silver as the less overvalued of the two: Excellon Resources trades at C$0.37 versus a fair value of C$0.04 (-88%), while First Majestic Silver trades at $18.40 versus $4.91 (-73%).
Excellon Resources
EXN.V · CAD · Basic Materials
-88%
upside to fair value
overvalued
PriceC$0.37
Fair ValueC$0.04
Quality25/100
First Majestic Silver
AG · USD · Materials
-73%
upside to fair value
overvalued
Price$18.40
Fair Value$4.91
Quality49/100

Head-to-head numbers

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

Excellon ResourcesFirst Majestic Silver
Valuation
—P/E (TTM)28.7×
—P/S (TTM)5.62×
4.44×P/B3.04×
—EV/EBITDA9.9×
—Dividend yield0.2%
—Dividend per share$0.04
Profitability
0%Net margin20%
0%Operating margin50%
-25%Return on equity11%
-7%Return on assets8%
Growth
0%Revenue growth (YoY)95%
—Avg. growth/yr (3Y)26.8%
—Avg. growth/yr (5Y)28.4%
Balance & size
—Debt / equity0.11×
$119MMarket cap$8B
weakGrowth qualitymixed

First Majestic Silver leads: 0 to 6 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.

Excellon Resourcesof which business quality 25 · market factors 25 First Majestic Silverof which business quality 54 · market factors 44
ProfitabilityMargins and returns on capital today
0
31
Quality GrowthAre margins and returns improving?
75
80
CashflowEarnings quality: real cash, not paper profit
0
86
Fin. StrengthBalance sheet, leverage, solvency risk
62
88
InvestmentDisciplined investing over empire-building
20
6
Low VolatilityCalm price path (market factor)
0
0
MomentumPrice trend over the last 3–12 months (market factor)
27
56
52W MomentumDistance to the 52-week high (market factor)
52
72
Net IssuanceBuybacks instead of dilution
0
0

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Excellon Resources

Asset-BasedC$0.05

1 of 1 models see the stock below the current price.

First Majestic Silver

DCF Models$16.40
Earnings-Based$11.89
Dividend Discount$0.33
Multiples$5.78
Asset-Based$3.74
Growth DCF$15.82
Economic Profit$4.61
Growth Earnings$14.63

22 of 26 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.

Excellon Resources
Bear C$0.03Fair Value C$0.04Bull C$0.06
C$0.37 = current price (white tick)
First Majestic Silver
Bear $3.68Fair Value $4.91Bull $6.14
$18.40 = 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.

Excellon Resources · Basic Materials

Quality score25 · bottom 25%
Fair value upside-88% · bottom 25%

First Majestic Silver · Materials

Quality score49 · below median
Fair value upside-73% · bottom 25%

Bottom line

As of Aug 11, 2026, Fair Value Calculator sees First Majestic Silver as the less overvalued of the two: Excellon Resources trades at C$0.37 versus a fair value of C$0.04 (-88%), while First Majestic Silver trades at $18.40 versus $4.91 (-73%).

First Majestic Silver has the higher quality score (49/100).

See the full analysis →
Excellon Resources · First Majestic Silver

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.