AVINO SILVER & GOLD MINES (ASM) Stock Fundamental Analysis
NYSEARCA:ASM - NYSE Arca - CA0539061030 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to ASM. ASM was compared to 155 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making ASM a very profitable company, without any liquidiy or solvency issues. ASM has a decent growth rate and is not valued too expensively. With these ratings, ASM could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
ASM had positive earnings in the past year.
In the past year ASM had a positive cash flow from operations.
In multiple years ASM reported negative net income over the last 5 years.
ASM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 8.32%, ASM belongs to the best of the industry, outperforming 86.45% of the companies in the same industry.
Looking at the Return On Equity, with a value of 9.92%, ASM is in the better half of the industry, outperforming 78.06% of the companies in the same industry.
The Return On Invested Capital of ASM (13.00%) is better than 92.90% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ASM is significantly below the industry average of 11.61%.
The 3 year average ROIC (5.24%) for ASM is below the current ROIC(13.00%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.32% | ||
| ROE | 9.92% | ||
| ROIC | 13% |
ROA(3y)2.81%
ROA(5y)-1.02%
ROE(3y)3.38%
ROE(5y)-1.09%
ROIC(3y)5.24%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 18.06%, ASM belongs to the top of the industry, outperforming 86.45% of the companies in the same industry.
The Operating Margin of ASM (32.38%) is better than 87.10% of its industry peers.
With an excellent Gross Margin value of 44.85%, ASM belongs to the best of the industry, outperforming 84.52% of the companies in the same industry.
ASM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.38% | ||
| PM (TTM) | 18.06% | ||
| GM | 44.85% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.18%
GM growth 5YN/A
2. Health
2.1 Basic Checks
ASM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for ASM has been increased compared to 1 year ago.
The number of shares outstanding for ASM has been increased compared to 5 years ago.
Compared to 1 year ago, ASM has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 13.90 indicates that ASM is not in any danger for bankruptcy at the moment.
ASM has a Altman-Z score of 13.90. This is amongst the best in the industry. ASM outperforms 83.87% of its industry peers.
ASM has a debt to FCF ratio of 0.33. This is a very positive value and a sign of high solvency as it would only need 0.33 years to pay back of all of its debts.
ASM's Debt to FCF ratio of 0.33 is amongst the best of the industry. ASM outperforms 92.26% of its industry peers.
A Debt/Equity ratio of 0.02 indicates that ASM is not too dependend on debt financing.
The Debt to Equity ratio of ASM (0.02) is better than 72.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.33 | ||
| Altman-Z | 13.9 |
ROIC/WACC1.5
WACC8.69%
2.3 Liquidity
A Current Ratio of 3.11 indicates that ASM has no problem at all paying its short term obligations.
With a decent Current ratio value of 3.11, ASM is doing good in the industry, outperforming 65.81% of the companies in the same industry.
A Quick Ratio of 2.45 indicates that ASM has no problem at all paying its short term obligations.
ASM's Quick ratio of 2.45 is fine compared to the rest of the industry. ASM outperforms 66.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.11 | ||
| Quick Ratio | 2.45 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 350.00% over the past year.
Looking at the last year, ASM shows a very strong growth in Revenue. The Revenue has grown by 56.30%.
The Revenue has been growing by 15.82% on average over the past years. This is quite good.
EPS 1Y (TTM)350%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%744.44%
Revenue 1Y (TTM)56.3%
Revenue growth 3Y80.63%
Revenue growth 5Y15.82%
Sales Q2Q%51.99%
3.2 Future
ASM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 41.41% yearly.
The Revenue is expected to grow by 3.30% on average over the next years.
EPS Next Y122.2%
EPS Next 2Y108.4%
EPS Next 3Y41.41%
EPS Next 5YN/A
Revenue Next Year19.3%
Revenue Next 2Y22.22%
Revenue Next 3Y9.73%
Revenue Next 5Y3.3%
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 46.89, the valuation of ASM can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of ASM is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.30. ASM is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 19.43 indicates a rather expensive valuation of ASM.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ASM is on the same level as its industry peers.
ASM's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.89 | ||
| Fwd PE | 19.43 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ASM.
Based on the Price/Free Cash Flow ratio, ASM is valued a bit cheaper than 72.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.15 | ||
| EV/EBITDA | 19.55 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of ASM may justify a higher PE ratio.
A more expensive valuation may be justified as ASM's earnings are expected to grow with 41.41% in the coming years.
PEG (NY)0.38
PEG (5Y)N/A
EPS Next 2Y108.4%
EPS Next 3Y41.41%
5. Dividend
5.1 Amount
No dividends for ASM!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
4.22
+0.32 (+8.21%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners9.91%
Inst Owner Change0%
Ins Owners4%
Ins Owner ChangeN/A
Market Cap592.91M
Analysts80
Price Target2.77 (-34.36%)
Short Float %3.72%
Short Ratio0.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)15.51%
Min EPS beat(2)-0.99%
Max EPS beat(2)32.01%
EPS beat(4)1
Avg EPS beat(4)-21.62%
Min EPS beat(4)-67%
Max EPS beat(4)32.01%
EPS beat(8)1
Avg EPS beat(8)-48.43%
EPS beat(12)2
Avg EPS beat(12)-40.87%
EPS beat(16)4
Avg EPS beat(16)-21.62%
Revenue beat(2)2
Avg Revenue beat(2)31.91%
Min Revenue beat(2)14.98%
Max Revenue beat(2)48.83%
Revenue beat(4)3
Avg Revenue beat(4)13.22%
Min Revenue beat(4)-14.7%
Max Revenue beat(4)48.83%
Revenue beat(8)3
Avg Revenue beat(8)-2.78%
Revenue beat(12)4
Avg Revenue beat(12)-6.33%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)15.91%
PT rev (3m)22.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)66.67%
EPS NY rev (1m)0%
EPS NY rev (3m)6.46%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)20.51%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.89 | ||
| Fwd PE | 19.43 | ||
| P/S | 8.16 | ||
| P/FCF | 39.15 | ||
| P/OCF | 27.53 | ||
| P/B | 4.48 | ||
| P/tB | 4.48 | ||
| EV/EBITDA | 19.55 |
EPS(TTM)0.09
EY2.13%
EPS(NY)0.22
Fwd EY5.15%
FCF(TTM)0.11
FCFY2.55%
OCF(TTM)0.15
OCFY3.63%
SpS0.52
BVpS0.94
TBVpS0.94
PEG (NY)0.38
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.32% | ||
| ROE | 9.92% | ||
| ROCE | 16.46% | ||
| ROIC | 13% | ||
| ROICexc | 15.98% | ||
| ROICexgc | 15.98% | ||
| OM | 32.38% | ||
| PM (TTM) | 18.06% | ||
| GM | 44.85% | ||
| FCFM | 20.86% |
ROA(3y)2.81%
ROA(5y)-1.02%
ROE(3y)3.38%
ROE(5y)-1.09%
ROIC(3y)5.24%
ROIC(5y)N/A
ROICexc(3y)6.29%
ROICexc(5y)N/A
ROICexgc(3y)6.29%
ROICexgc(5y)N/A
ROCE(3y)6.75%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.18%
GM growth 5YN/A
F-Score7
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.33 | ||
| Debt/EBITDA | 0.09 | ||
| Cap/Depr | 187.86% | ||
| Cap/Sales | 8.8% | ||
| Interest Coverage | 97.18 | ||
| Cash Conversion | 80% | ||
| Profit Quality | 115.46% | ||
| Current Ratio | 3.11 | ||
| Quick Ratio | 2.45 | ||
| Altman-Z | 13.9 |
F-Score7
WACC8.69%
ROIC/WACC1.5
Cap/Depr(3y)585.92%
Cap/Depr(5y)405.27%
Cap/Sales(3y)31.76%
Cap/Sales(5y)27.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)350%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%744.44%
EPS Next Y122.2%
EPS Next 2Y108.4%
EPS Next 3Y41.41%
EPS Next 5YN/A
Revenue 1Y (TTM)56.3%
Revenue growth 3Y80.63%
Revenue growth 5Y15.82%
Sales Q2Q%51.99%
Revenue Next Year19.3%
Revenue Next 2Y22.22%
Revenue Next 3Y9.73%
Revenue Next 5Y3.3%
EBIT growth 1Y3501.38%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year101.11%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y292.7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y143.88%
OCF growth 3Y494.6%
OCF growth 5Y33.22%