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ASM

Avino Silver & Gold Mines TSX:ASM Stock Report

Last Price

CA$0.80

Market Cap

CA$94.7m

7D

-1.2%

1Y

-27.9%

Updated

18 Aug, 2022

Data

Company Financials +
ASM fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance3/6
Financial Health6/6
Dividends0/6

ASM Stock Overview

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

Avino Silver & Gold Mines Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Avino Silver & Gold Mines
Historical stock prices
Current Share PriceCA$0.80
52 Week HighCA$1.37
52 Week LowCA$0.64
Beta1.46
1 Month Change9.59%
3 Month Change-5.88%
1 Year Change-27.93%
3 Year Change-1.23%
5 Year Change-63.30%
Change since IPO-81.18%

Recent News & Updates

Jun 24
These 4 Measures Indicate That Avino Silver & Gold Mines (TSE:ASM) Is Using Debt Reasonably Well

These 4 Measures Indicate That Avino Silver & Gold Mines (TSE:ASM) Is Using Debt Reasonably Well

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

ASMCA Metals and MiningCA Market
7D-1.2%-0.3%1.3%
1Y-27.9%-10.0%3.3%

Return vs Industry: ASM underperformed the Canadian Metals and Mining industry which returned -13.2% over the past year.

Return vs Market: ASM underperformed the Canadian Market which returned 2.1% over the past year.

Price Volatility

Is ASM's price volatile compared to industry and market?
ASM volatility
ASM Average Weekly Movement9.0%
Metals and Mining Industry Average Movement11.4%
Market Average Movement10.5%
10% most volatile stocks in CA Market18.9%
10% least volatile stocks in CA Market4.2%

Stable Share Price: ASM is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ASM's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1968n/aDavid Wolfinhttps://www.avino.com

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 silver, gold, and copper deposits. The company owns interests in 42 mineral claims and four leased mineral claims, including Avino mine area property comprising four exploration concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and one leased exploitation concession covering 98.83 hectares; Gomez Palacio property consists of nine exploration concessions covering 2,549 hectares; Santiago Papasquiaro property comprises four exploration concessions covering 2,552.6 hectares and one exploitation concession covering 602.9 hectares; and Unification La Platosa properties, which include three leased concessions located in the state of Durango, Mexico.

Avino Silver & Gold Mines Fundamentals Summary

How do Avino Silver & Gold Mines's earnings and revenue compare to its market cap?
ASM fundamental statistics
Market CapCA$94.74m
Earnings (TTM)CA$6.90m
Revenue (TTM)CA$40.85m

13.7x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASM income statement (TTM)
RevenueUS$31.62m
Cost of RevenueUS$17.98m
Gross ProfitUS$13.64m
Other ExpensesUS$8.30m
EarningsUS$5.34m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.045
Gross Margin43.14%
Net Profit Margin16.90%
Debt/Equity Ratio4.9%

How did ASM perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ASM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASM?

Other financial metrics that can be useful for relative valuation.

ASM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.1x
Enterprise Value/EBITDA6.6x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

How does ASM's PE Ratio compare to its peers?

ASM PE Ratio vs Peers
The above table shows the PE ratio for ASM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average-28.5x
MPVD Mountain Province Diamonds
0.4xn/aCA$118.1m
DFR Diamond Fields Resources
15.5xn/aCA$22.7m
LUC Lucara Diamond
5x14.7%CA$299.4m
ELR Eastern Platinum
n/an/aCA$35.8m
ASM Avino Silver & Gold Mines
13.7x59.6%CA$94.7m

Price-To-Earnings vs Peers: ASM is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (-28.5x).


Price to Earnings Ratio vs Industry

How does ASM's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Earnings vs Industry: ASM is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the Canadian Metals and Mining industry average (9.8x)


Price to Earnings Ratio vs Fair Ratio

What is ASM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.7x
Fair PE Ratio29.7x

Price-To-Earnings vs Fair Ratio: ASM is good value based on its Price-To-Earnings Ratio (13.7x) compared to the estimated Fair Price-To-Earnings Ratio (29.7x).


Share Price vs Fair Value

What is the Fair Price of ASM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASM (CA$0.8) is trading below our estimate of fair value (CA$3.51)

Significantly Below Fair Value: ASM is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


59.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASM's forecast earnings growth (59.6% per year) is above the savings rate (1.6%).

Earnings vs Market: ASM's earnings (59.6% per year) are forecast to grow faster than the Canadian market (7.6% per year).

High Growth Earnings: ASM's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ASM's revenue (42.4% per year) is forecast to grow faster than the Canadian market (6.6% per year).

High Growth Revenue: ASM's revenue (42.4% 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


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Past Performance

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

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-43.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASM has high quality earnings.

Growing Profit Margin: ASM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ASM has become profitable over the past 5 years, growing earnings by -43.2% per year.

Accelerating Growth: ASM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ASM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-16%).


Return on Equity

High ROE: ASM's Return on Equity (5.5%) is considered low.


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Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ASM's short term assets ($25.7M) exceed its short term liabilities ($11.3M).

Long Term Liabilities: ASM's short term assets ($25.7M) exceed its long term liabilities ($6.3M).


Debt to Equity History and Analysis

Debt Level: ASM has more cash than its total debt.

Reducing Debt: ASM's debt to equity ratio has reduced from 15.9% to 4.9% over the past 5 years.

Debt Coverage: ASM's debt is well covered by operating cash flow (176.9%).

Interest Coverage: ASM earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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


Stability and Growth of Payments

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ASM has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average management tenure


CEO

David Wolfin (54 yo)

12.17yrs

Tenure

US$609,325

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 ($USD609.33K) is above average for companies of similar size in the Canadian market ($USD185.51K).

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


Leadership Team

Experienced Management: ASM's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: ASM's board of directors are considered experienced (7.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ASM insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.8%.


Top Shareholders

Company Information

Avino Silver & Gold Mines Ltd.'s 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
  • Implied Market Cap: CA$94.742m
  • Shares outstanding: 118.43m
  • Website: https://www.avino.com

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.