TSX:ASM

Stock Analysis Report

Avino Silver & Gold Mines

Executive Summary

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada.

Snowflake

Fundamentals

Mediocre balance sheet with limited growth.

Share Price & News

How has Avino Silver & Gold Mines's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.8%

ASM

0.5%

CA Metals and Mining

0.2%

CA Market


1 Year Return

-17.5%

ASM

15.0%

CA Metals and Mining

3.5%

CA Market

Return vs Industry: ASM underperformed the Canadian Metals and Mining industry which returned 15% over the past year.

Return vs Market: ASM underperformed the Canadian Market which returned 3.5% over the past year.


Shareholder returns

ASMIndustryMarket
7 Day4.8%0.5%0.2%
30 Day-22.4%-8.9%-3.3%
90 Day-36.5%-8.0%-1.9%
1 Year-17.5%-17.5%15.9%15.0%7.3%3.5%
3 Year-74.3%-74.3%-11.6%-13.2%14.7%4.4%
5 Year-54.5%-54.5%15.4%11.6%26.2%7.7%

Price Volatility Vs. Market

How volatile is Avino Silver & Gold Mines's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Avino Silver & Gold Mines undervalued compared to its fair value and its price relative to the market?

0.43x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ASM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ASM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ASM is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: ASM is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ASM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ASM is good value based on its PB Ratio (0.4x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is Avino Silver & Gold Mines forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

112.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASM is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: ASM is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: ASM is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: ASM's revenue (22.8% per year) is forecast to grow faster than the Canadian market (5.5% per year).

High Growth Revenue: ASM's revenue (22.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ASM's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Avino Silver & Gold Mines performed over the past 5 years?

9.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ASM is unprofitable, but has reduced losses over the past 5 years at a rate of 9.2% per year.

Accelerating Growth: Unable to compare ASM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ASM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-11.9%).


Return on Equity

High ROE: ASM has a negative Return on Equity (-1.04%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ASM is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ASM is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Avino Silver & Gold Mines's financial position?


Financial Position Analysis

Short Term Liabilities: ASM's short term assets ($19.1M) exceeds its short term liabilities ($10.5M)

Long Term Liabilities: ASM's short term assets (19.1M) do not cover its long term liabilities (22.3M)


Debt to Equity History and Analysis

Debt Level: ASM's debt to equity ratio (9.5%) is considered satisfactory

Reducing Debt: ASM's debt to equity ratio has increased from 0% to 9.5% over the past 5 years.

Debt Coverage: ASM's debt is well covered by operating cash flow (109.3%).

Interest Coverage: Insufficient data to determine if ASM's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: ASM has a high level of physical assets or inventory.

Debt Coverage by Assets: ASM's debt is covered by short term assets (assets are 2.6x debt).


Next Steps

Dividend

What is Avino Silver & Gold Mines's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.9%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate ASM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ASM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if ASM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ASM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ASM's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Avino Silver & Gold Mines's salary, the management and board of directors tenure and is there insider trading?

6.8yrs

Average management tenure


CEO

David Wolfin (51yo)

9.3yrs

Tenure

US$459,410

Compensation

Mr. David Wolfin has been Chief Executive Officer of Avino Silver & Gold Mines Ltd. since June 24, 2010 and Director since October 1, 1995. Mr. Wolfin serves as President of Avino Silver & Gold Mines Ltd.  ...


CEO Compensation Analysis

Compensation vs. Market: David's total compensation ($USD459.41K) is above average for companies of similar size in the Canadian market ($USD135.83K).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Management Age and Tenure

6.8yrs

Average Tenure

52yo

Average Age

Experienced Management: ASM's management team is seasoned and experienced (6.8 years average tenure).


Board Age and Tenure

5.0yrs

Average Tenure

Experienced Board: ASM's board of directors are considered experienced (5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • David Wolfin (51yo)

    President

    • Tenure: 9.3yrs
    • Compensation: US$459.41k
  • Fred Sveinson (72yo)

    Senior Mining Advisor of Bralorne

    • Tenure: 0yrs
  • Dorothy Chin

    Corporate Secretary

    • Tenure: 11.1yrs
  • Andrew Kaplan (52yo)

    Consultant

    • Tenure: 0yrs
    • Compensation: US$100.29k
  • Jose Rodríguez Moreno

    Chief Operating Officer

    • Tenure: 6.8yrs
    • Compensation: US$242.74k
  • Juan Rodriguez

    • Tenure: 0yrs
  • Nathan Harte

    Interim Chief Financial Officer

    • Tenure: 0.9yrs
    • Compensation: US$69.06k
  • Ian Thomson

    Assistant Corporate Controller

    • Tenure: 1.3yrs
  • Jennifer North

    Manager of Investor Relations

    • Tenure: 0yrs

Board Members

  • David Wolfin (51yo)

    President

    • Tenure: 9.3yrs
    • Compensation: US$459.41k
  • Peter Bojtos (70yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: US$40.89k
  • Ron Andrews

    Additional Director

    • Tenure: 0.4yrs
  • Gary Robertson

    Independent Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$118.93k
  • Jasman Yee

    Director

    • Tenure: 8.8yrs
    • Compensation: US$122.96k

Company Information

Avino Silver & Gold Mines Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Avino Silver & Gold Mines Ltd.
  • Ticker: ASM
  • Exchange: TSX
  • Founded: 1968
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: CA$50.178m
  • Shares outstanding: 76.03m
  • Website: https://www.avino.com

Location

  • Avino Silver & Gold Mines Ltd.
  • 570 Granville Street
  • Suite 900
  • Vancouver
  • British Columbia
  • V6C 3P1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASMTSX (The Toronto Stock Exchange)YesCommon SharesCACADOct 1989
ASMAMEX (NYSE MKT LLC)YesCommon SharesUSUSDOct 1989
GV6DB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1989
GV6BST (Boerse-Stuttgart)YesCommon SharesDEEUROct 1989

Biography

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. It primarily explores for gold, silver, and copper  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 23:33
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.