Avino Silver & Gold Mines Ltd. (ASM) 10-Year Financial Performance & Capital Metrics

ASM • • Industrial / General

Basic MaterialsPrecious MetalsPrecious Metals Mining & ProductionSilver-Gold Producers

AboutAvino 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. It also owns 100% interests in the Minto and Olympic-Kelvin properties located in British Columbia, Canada; and 14 quartz leases in Eagle property located in the Mayo Mining Division of Yukon, Canada. The company was incorporated in 1968 and is headquartered in Vancouver, Canada.Show more

Revenue $66M +50.8%
EBITDA $18M +547.5%
Net Income $8M +1394.5%
EPS (Diluted) 0.06 +1295.3%
Gross Margin 35.06% +96.8%
EBITDA Margin 27.39% +329.4%
Operating Margin 22.28% +8317.6%
Net Margin 12.24% +891.1%
ROE 7% +1217.7%
ROIC 10.66% +12049.2%
Debt/Equity 0.02 -35.7%
Interest Coverage 38.10 +12297.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 28.2% free cash flow margin
✓Momentum leader: RS Rating 93 (top 7%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 15.8%

✗Weaknesses

✗Weak 3Y average ROE of 3.7%
✗Shares diluted 12.8% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y14.81%

5Y15.83%

3Y80.64%

TTM58.42%

Profit (Net Income) CAGR

10Y14.1%

5Y-

3Y-

TTM495.77%

EPS CAGR

10Y-1.37%

5Y-

3Y-

TTM427.94%

ROCE

10Y Avg2.91%

5Y Avg2.3%

3Y Avg7.08%

Latest11.9%

Peer Comparison

Silver-Gold Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ASMAvino Silver & Gold Mines Ltd.	1.08B	6.86	114.33	50.78%	24.72%	11.68%	1.74%	0.02
FSMFortuna Mining Corp.	3.14B	10.27	25.05	26.07%	21.48%	13.81%	5.16%	0.13
BVNCompañía de Minas Buenaventura S.A.A.	8.85B	34.90	21.95	40.15%	30.7%	11.08%	1.68%	0.18
EXKEndeavour Silver Corp.	3.4B	11.57	-89	5.93%	-28.43%	-18.44%		0.25
NEWPNew Pacific Metals Corp.	679.82M	3.70	-165.18			-2.78%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	14.93M	34.69M	33.36M	34.12M	31.75M	16.02M	11.23M	44.19M	43.89M	66.18M
Revenue Growth %	-0.1%	1.32%	-0.04%	0.02%	-0.07%	-0.5%	-0.3%	2.94%	-0.01%	0.51%
Cost of Goods Sold+	8.57M	22.96M	21.98M	27.85M	32.02M	15.83M	7.68M	29.13M	36.07M	42.98M
COGS % of Revenue	0.57%	0.66%	0.66%	0.82%	1.01%	0.99%	0.68%	0.66%	0.82%	0.65%
Gross Profit+	6.35M	11.73M	11.25M	6.27M	-270K	190K	3.55M	15.06M	7.82M	23.2M
Gross Margin %	0.43%	0.34%	0.34%	0.18%	-0.01%	0.01%	0.32%	0.34%	0.18%	0.35%
Gross Profit Growth %	-0.07%	0.85%	-0.04%	-0.44%	-1.04%	1.7%	17.67%	3.25%	-0.48%	1.97%
Operating Expenses+	3.57M	5.88M	5.2M	4.36M	4.23M	4.86M	5.26M	6.25M	7.94M	8.46M
OpEx % of Revenue	0.24%	0.17%	0.16%	0.13%	0.13%	0.3%	0.47%	0.14%	0.18%	0.13%
Selling, General & Admin	3.31M	5M	5.33M	4.21M	4.09M	4.64M	4.89M	6.07M	7.75M	8.11M
SG&A % of Revenue	0.22%	0.14%	0.16%	0.12%	0.13%	0.29%	0.44%	0.14%	0.18%	0.12%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	251.8K	882.51K	-130K	147K	147K	215K	363K	184K	184K	350K
Operating Income+	2.79M	5.85M	6.05M	1.91M	-4.5M	-4.67M	-1.71M	8.81M	-119K	14.74M
Operating Margin %	0.19%	0.17%	0.18%	0.06%	-0.14%	-0.29%	-0.15%	0.2%	-0%	0.22%
Operating Income Growth %	-0.14%	1.1%	0.03%	-0.68%	-3.35%	-0.04%	0.63%	6.15%	-1.01%	124.89%
EBITDA+	3.83M	7.77M	9.11M	5.17M	-781K	-2.75M	405K	11M	2.8M	18.13M
EBITDA Margin %	0.26%	0.22%	0.27%	0.15%	-0.02%	-0.17%	0.04%	0.25%	0.06%	0.27%
EBITDA Growth %	-0.12%	1.03%	0.17%	-0.43%	-1.15%	-2.52%	1.15%	26.16%	-0.75%	5.47%
D&A (Non-Cash Add-back)	1.05M	1.91M	3.06M	3.26M	3.72M	1.92M	2.12M	2.19M	2.92M	3.39M
EBIT	2.26M	6.72M	5.75M	2.17M	-2.9M	-8.87M	-1.59M	7.78M	-129K	14.81M
Net Interest Income+	-106K	-216K	-14K	-338K	397K	96K	101.1K	-79K	33K	-23K
Interest Income	46.22K	52K	246K	204.03K	545K	332K	176.43K	20K	414K	364K
Interest Expense	151.98K	268K	260K	553K	148K	236K	75.33K	99K	381K	387K
Other Income/Expense	-483K	601.52K	-617K	150K	1.54M	-4.22M	93K	-1.13M	-391K	-322K
Pretax Income+	2.3M	6.46M	5.44M	2.06M	-2.97M	-8.89M	-1.62M	7.68M	-510K	14.42M
Pretax Margin %	0.15%	0.19%	0.16%	0.06%	-0.09%	-0.55%	-0.14%	0.17%	-0.01%	0.22%
Income Tax+	1.92M	4.44M	2.77M	407K	-633K	-1.41M	439K	4.58M	-1.05M	6.32M
Effective Tax Rate %	0.16%	0.31%	0.46%	0.79%	10.6%	0.86%	1.27%	0.4%	-1.06%	0.56%
Net Income+	378.09K	2.02M	2.52M	1.63M	-31.46M	-7.65M	-2.06M	3.1M	542K	8.1M
Net Margin %	0.03%	0.06%	0.08%	0.05%	-0.99%	-0.48%	-0.18%	0.07%	0.01%	0.12%
Net Income Growth %	-0.83%	4.33%	0.25%	-0.36%	-20.35%	0.76%	0.73%	2.51%	-0.82%	13.94%
Net Income (Continuing)	378.09K	2.02M	2.67M	1.66M	-2.33M	-7.48M	-2.06M	3.1M	542K	8.1M
Discontinued Operations	0	0	0	0	-29.13M	-169K	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.01	0.05	0.05	0.03	-0.03	-0.09	-0.02	0.03	0.00	0.06
EPS Growth %	-0.9%	-	-0.04%	-0.46%	-2.23%	-1.69%	0.77%	2.23%	-0.83%	-
EPS (Basic)	0.01	0.05	0.05	0.03	-0.03	-0.09	-0.02	0.03	0.00	0.06
Diluted Shares Outstanding	36.72M	43.79M	53.32M	60M	69.98M	83.18M	100.16M	117.62M	125.35M	141.33M
Basic Shares Outstanding	37.81M	42.7M	52.52M	56.85M	69.98M	85.01M	100.16M	114.37M	121.26M	134.6M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	14.49M	35.13M	26.59M	22.95M	22.77M	19.7M	35.48M	25.59M	23.54M	40.77M
Cash & Short-Term Investments	5.4M	21.78M	4.42M	3.25M	9.63M	11.71M	24.77M	11.24M	2.69M	27.32M
Cash Only	5.4M	11.78M	3.42M	3.25M	9.63M	11.71M	24.77M	11.24M	2.69M	27.32M
Short-Term Investments	0	10M	1M	0	0	0	0	0	0	0
Accounts Receivable	4.9M	6.58M	11M	9.43M	6.96M	5.57M	4.57M	6.41M	10.05M	3.56M
Days Sales Outstanding	119.86	69.22	120.4	100.93	80.02	126.96	148.63	52.94	83.58	19.65
Inventory	3.32M	5.8M	9.1M	9.23M	5.59M	1.66M	5.18M	6.26M	8.83M	7.61M
Days Inventory Outstanding	141.36	92.17	151.18	120.98	63.75	38.25	246.11	78.45	89.31	64.64
Other Current Assets	12.24K	6.03K	0	0	0	0	0	1.67M	1.97M	2.28M
Total Non-Current Assets+	48.62M	59M	76.04M	85.64M	49.8M	49.08M	50.8M	95.61M	104.81M	107.94M
Property, Plant & Equipment	48.36M	58.87M	75.29M	85.52M	45.48M	44.9M	46.73M	93.86M	103.18M	106.69M
Fixed Asset Turnover	0.31x	0.59x	0.44x	0.40x	0.70x	0.36x	0.24x	0.47x	0.43x	0.62x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	27.97K	27K	34K	10K	3.2M	4.18M	3.94M	1.75M	934K	1.25M
Other Non-Current Assets	234.07K	108K	713.6K	107K	1.12M	4K	133K	5K	691K	4K
Total Assets+	63.11M	94.13M	102.83M	108.59M	72.57M	68.78M	86.28M	121.2M	128.34M	148.71M
Asset Turnover	0.24x	0.37x	0.32x	0.31x	0.44x	0.23x	0.13x	0.36x	0.34x	0.45x
Asset Growth %	0.19%	0.49%	0.09%	0.06%	-0.33%	-0.05%	0.25%	0.4%	0.06%	0.16%
Total Current Liabilities+	10.15M	11.82M	10.19M	9.84M	9.56M	5.02M	3.84M	16.76M	13.81M	15.53M
Accounts Payable	3.02M	3.73M	3.51M	5.88M	4.91M	2.07M	3.26M	9.47M	11.87M	10.29M
Days Payables Outstanding	128.54	59.23	58.33	77.13	55.94	47.68	154.91	118.67	120.08	87.41
Short-Term Debt	160.54K	977K	4.85M	1.53M	199K	2.58M	0	4.93M	164K	166K
Deferred Revenue (Current)	0	0	0	573K	0	0	0	0	0	0
Other Current Liabilities	4.67M	4.67M	712K	575K	3.56M	161K	0	475K	0	475K
Current Ratio	1.43x	2.97x	2.61x	2.33x	2.38x	3.92x	9.23x	1.53x	1.70x	2.62x
Quick Ratio	1.10x	2.48x	1.72x	1.39x	1.80x	3.59x	7.88x	1.15x	1.07x	2.13x
Cash Conversion Cycle	132.68	102.16	213.25	144.78	87.83	117.53	239.82	12.72	52.81	-3.12
Total Non-Current Liabilities+	15.43M	20.52M	23.64M	23.58M	9.09M	4.75M	3.93M	6.41M	8.53M	7.78M
Long-Term Debt	5.86M	5.86M	5.07M	6.29M	2.6M	0	0	0	195K	27K
Capital Lease Obligations	1.67M	1.38M	1.23M	869K	442K	278K	680K	745K	1.45M	960K
Deferred Tax Liabilities	0	4.68M	0	0	2.94M	0	1.78M	5.22M	4.7M	4.73M
Other Non-Current Liabilities	7.9M	8.6M	17.35M	16.41M	3.1M	4.47M	1.47M	445K	2.19M	2.06M
Total Liabilities	25.58M	32.34M	33.83M	33.42M	18.65M	9.77M	7.77M	23.18M	22.34M	23.31M
Total Debt+	9M	9.65M	12.26M	9.65M	3.94M	3.07M	1.07M	6.64M	3.45M	2.63M
Net Debt	3.6M	-2.13M	8.84M	6.4M	-5.69M	-8.64M	-23.7M	-4.6M	766K	-24.69M
Debt / Equity	0.24x	0.16x	0.18x	0.13x	0.07x	0.05x	0.01x	0.07x	0.03x	0.02x
Debt / EBITDA	2.35x	1.24x	1.35x	1.87x	-	-	2.64x	0.60x	1.23x	0.15x
Net Debt / EBITDA	0.94x	-0.27x	0.97x	1.24x	-	-	-58.51x	-0.42x	0.27x	-1.36x
Interest Coverage	18.33x	21.84x	23.28x	3.46x	-30.43x	-19.78x	-22.71x	89.02x	-0.31x	38.10x
Total Equity+	37.53M	62.03M	69M	75.17M	53.92M	59.01M	78.51M	98.02M	106M	125.4M
Equity Growth %	-0.03%	0.65%	0.11%	0.09%	-0.28%	0.09%	0.33%	0.25%	0.08%	0.18%
Book Value per Share	1.02	1.42	1.29	1.25	0.77	0.71	0.78	0.83	0.85	0.89
Total Shareholders' Equity	37.53M	62.03M	69M	75.17M	53.92M	59.01M	78.51M	98.02M	106M	125.4M
Common Stock	44.82M	68.1M	81.47M	88.05M	96.4M	108.3M	129.95M	145.51M	151.69M	163.32M
Retained Earnings	-23.58M	-21.88M	-18.88M	-16.5M	-47.2M	-54.34M	-55.95M	-52.03M	-51.42M	-43.32M
Treasury Stock	-97.1K	-97.1K	-97K	-97K	-97K	-97K	-97K	-97K	-97K	-96.94K
Accumulated OCI	2.97M	2.64M	6.51M	3.73M	4.83M	5.14M	4.6M	4.63M	5.83M	5.49M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.17M	4.82M	-2.17M	9.22M	5.51M	72K	109K	11.83M	1.49M	23.12M
Operating CF Margin %	-0.15%	0.14%	-0.06%	0.27%	0.17%	0%	0.01%	0.27%	0.03%	0.35%
Operating CF Growth %	-1.88%	3.23%	-1.45%	5.26%	-0.4%	-0.99%	0.51%	107.54%	-0.87%	14.54%
Net Income	348.01K	1.48M	2.52M	1.63M	-31.46M	-7.65M	-2.06M	3.1M	542K	8.1M
Depreciation & Amortization	0	2.1M	0	3.26M	0	0	1.8M	2.19M	2.92M	0
Stock-Based Compensation	29.41K	1.2M	2.02M	630K	937K	1.86M	1.47M	2.02M	2.27M	2.04M
Deferred Taxes	-812.17K	991.07K	-145.03K	-612.11K	-982.32K	-1.57M	408.37K	3.44M	-525K	31.41K
Other Non-Cash Items	483.83K	147.11K	2.52M	-674.89K	32.85M	4.88M	37.63K	41K	1.04M	4.92M
Working Capital Changes	-2.22M	-1.1M	-9.08M	5M	4.16M	2.55M	-1.55M	1.04M	-4.76M	8.04M
Change in Receivables	-836.96K	-271.51K	-1.58M	543K	2.42M	1.65M	-680K	-1.39M	-3.47M	6.34M
Change in Inventory	-374.34K	369.18K	-2.56M	-42K	3.18M	4.15M	-3.66M	-998K	-2.93M	1.05M
Change in Payables	151.28K	614.55K	-136.24K	2.33M	-962.88K	-2.88M	1.24M	3.6M	2.83M	-1.54M
Cash from Investing+	-6.91M	-18.49M	-3.13M	-13.23M	-3.73M	-2.17M	-3.21M	-24.1M	-13.53M	-6.56M
Capital Expenditures	-3.68M	-3.82M	-6.61M	-9.42M	-3.28M	-2.01M	-1.91M	-7.84M	-7.38M	-4.46M
CapEx % of Revenue	0.25%	0.11%	0.2%	0.28%	0.1%	0.13%	0.17%	0.18%	0.17%	0.07%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-3.23M	-4.8M	-5.53M	-4.81M	-7.18M	-235.12K	-1.29M	-1.13M	-1.16M	-2.1M
Cash from Financing+	10.57M	19.63M	-3.06M	3.85M	4.97M	4.2M	16.09M	-1.15M	3.49M	8.02M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-376.42K	0	0	0	3.71M	1.04M	30K	0	986K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-5.54M	1.14M	-8.78M	-192K	2.23M	-1.94M	-1.8M	4M	-5.89M	18.67M
FCF Margin %	-0.37%	0.03%	-0.26%	-0.01%	0.07%	-0.12%	-0.16%	0.09%	-0.13%	0.28%
FCF Growth %	-1.46%	1.21%	-8.7%	0.98%	12.62%	-1.87%	0.07%	3.21%	-2.47%	4.17%
FCF per Share	-0.15	0.03	-0.16	-0.00	0.03	-0.02	-0.02	0.03	-0.05	0.13
FCF Conversion (FCF/Net Income)	-5.73x	2.39x	-0.86x	5.67x	-0.18x	-0.01x	-0.05x	3.82x	2.75x	2.85x
Interest Paid	126.45K	471K	444.95K	959K	0	0	92K	92K	227K	238K
Taxes Paid	4.57M	3.14M	5.76M	4.99M	0	0	589K	14K	37K	12K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.99%	4.05%	3.85%	2.26%	-48.74%	-13.55%	-2.99%	3.51%	0.53%	7%
Return on Invested Capital (ROIC)	5.28%	8.69%	6.59%	1.8%	-5.21%	-7.1%	-2.44%	8.92%	-0.09%	10.66%
Gross Margin	42.56%	33.81%	33.73%	18.37%	-0.85%	1.19%	31.59%	34.09%	17.82%	35.06%
Net Margin	2.53%	5.81%	7.56%	4.77%	-99.1%	-47.75%	-18.32%	7.01%	1.23%	12.24%
Debt / Equity	0.24x	0.16x	0.18x	0.13x	0.07x	0.05x	0.01x	0.07x	0.03x	0.02x
Interest Coverage	18.33x	21.84x	23.28x	3.46x	-30.43x	-19.78x	-22.71x	89.02x	-0.31x	38.10x
FCF Conversion	-5.73x	2.39x	-0.86x	5.67x	-0.18x	-0.01x	-0.05x	3.82x	2.75x	2.85x
Revenue Growth	-10.22%	132.44%	-3.84%	2.27%	-6.95%	-49.53%	-29.92%	293.54%	-0.67%	50.78%

Frequently Asked Questions

Valuation & Price

Avino Silver & Gold Mines Ltd. (ASM) has a price-to-earnings (P/E) ratio of 114.3x. This suggests investors expect higher future growth.

Growth & Financials

Avino Silver & Gold Mines Ltd. (ASM) reported $86.1M in revenue for fiscal year 2024. This represents a 819645% increase from $0.0M in 2011.

Avino Silver & Gold Mines Ltd. (ASM) grew revenue by 50.8% over the past year. This is strong growth.

Yes, Avino Silver & Gold Mines Ltd. (ASM) is profitable, generating $21.3M in net income for fiscal year 2024 (12.2% net margin).

Dividend & Returns

Avino Silver & Gold Mines Ltd. (ASM) has a return on equity (ROE) of 7.0%. This is below average, suggesting room for improvement.

Avino Silver & Gold Mines Ltd. (ASM) generated $9.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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