Silvercorp Metals Inc. (SVM) 10-Year Financial Performance & Capital Metrics

SVM • • Industrial / General

Basic MaterialsSilverSilver-Gold ProducersSingle-Region Silver-Gold Producers

AboutSilvercorp Metals Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. It holds interests in the Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; Kuanping project located in Sanmenxia City, Shanzhou District, Henan Province, China; and La Yesca project located in northwest of Guadalajara, Mexico. The company was formerly known as SKN Resources Ltd. and changed its name to Silvercorp Metals Inc. in May 2005. Silvercorp Metals Inc. is headquartered in Vancouver, Canada.Show more

Revenue $299M +38.9%
EBITDA $136M +46.4%
Net Income $58M +60.3%
EPS (Diluted) 0.28 +40.0%
Gross Margin 41.34% +10.4%
EBITDA Margin 45.49% +5.4%
Operating Margin 34.51% +16.2%
Net Margin 19.47% +15.4%
ROE 8.14% +31.9%
ROIC 15.07% +38.3%
Debt/Equity 0.13 +5999.5%
Interest Coverage 16.24 -94.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 17.6% free cash flow margin
✓Momentum leader: RS Rating 93 (top 7%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.5%
✓Healthy 5Y average net margin of 16.9%
✓Trading near 52-week high

✗Weaknesses

✗Shares diluted 15.2% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.81%

5Y13.48%

3Y11.11%

TTM33.61%

Profit (Net Income) CAGR

10Y-

5Y11.17%

3Y23.85%

TTM-54.6%

EPS CAGR

10Y-

5Y9.24%

3Y18.1%

TTM-60.84%

ROCE

10Y Avg12.01%

5Y Avg9.95%

3Y Avg9.02%

Latest12.01%

Peer Comparison

Single-Region Silver-Gold Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SVMSilvercorp Metals Inc.	2.25B	10.20	36.43	38.9%	7.84%	2.98%	2.34%	0.13

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	107.94M	163.47M	170.04M	170.52M	158.83M	192.1M	217.92M	208.13M	215.19M	298.89M
Revenue Growth %	-0.16%	0.51%	0.04%	0%	-0.07%	0.21%	0.13%	-0.04%	0.03%	0.39%
Cost of Goods Sold+	95.1M	96.11M	103.81M	109.45M	99.45M	107.94M	133.62M	137.35M	134.6M	175.34M
COGS % of Revenue	0.88%	0.59%	0.61%	0.64%	0.63%	0.56%	0.61%	0.66%	0.63%	0.59%
Gross Profit+	12.84M	67.36M	66.23M	61.07M	59.37M	84.16M	84.3M	70.78M	80.59M	123.55M
Gross Margin %	0.12%	0.41%	0.39%	0.36%	0.37%	0.44%	0.39%	0.34%	0.37%	0.41%
Gross Profit Growth %	-0.54%	4.25%	-0.02%	-0.08%	-0.03%	0.42%	0%	-0.16%	0.14%	0.53%
Operating Expenses+	-205K	-748K	-2.02M	806K	7.21M	12.44M	21.74M	37.04M	16.67M	20.4M
OpEx % of Revenue	-0%	-0%	-0.01%	0%	0.05%	0.06%	0.1%	0.18%	0.08%	0.07%
Selling, General & Admin	15.77M	15.59M	17.49M	18.17M	9.65M	11.83M	13.59M	12.68M	13.51M	16.91M
SG&A % of Revenue	0.15%	0.1%	0.1%	0.11%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-15.97M	-16.34M	-19.5M	-806K	-2.44M	606K	8.15M	24.36M	3.16M	3.49M
Operating Income+	12.39M	73.29M	75.42M	70.07M	52.16M	71.72M	62.56M	33.75M	63.92M	103.15M
Operating Margin %	0.11%	0.45%	0.44%	0.41%	0.33%	0.37%	0.29%	0.16%	0.3%	0.35%
Operating Income Growth %	1.13%	4.92%	0.03%	-0.07%	-0.26%	0.38%	-0.13%	-0.46%	0.89%	0.61%
EBITDA+	31.32M	92.28M	95.23M	91.41M	74.83M	94.95M	89.59M	63.12M	92.89M	135.98M
EBITDA Margin %	0.29%	0.56%	0.56%	0.54%	0.47%	0.49%	0.41%	0.3%	0.43%	0.45%
EBITDA Growth %	1.42%	1.95%	0.03%	-0.04%	-0.18%	0.27%	-0.06%	-0.3%	0.47%	0.46%
D&A (Non-Cash Add-back)	18.93M	18.99M	19.8M	21.34M	22.67M	23.22M	27.03M	29.37M	28.97M	32.83M
EBIT	13.77M	73.65M	78.26M	72.08M	54.69M	73.85M	57.41M	35.42M	70.17M	109.93M
Net Interest Income+	298K	1.45M	2.39M	2.85M	3.44M	3.42M	4.68M	4.3M	6.03M	1.88M
Interest Income	1.38M	2.21M	2.84M	3.48M	4.02M	3.77M	5.02M	4.58M	6.25M	8.23M
Interest Expense	1.08M	760K	449K	631K	579K	346K	341K	282K	213K	6.35M
Other Income/Expense	298K	1.45M	2.39M	5.85M	1.95M	1.78M	-5.49M	1.4M	6.03M	1.8M
Pretax Income+	12.69M	74.73M	77.81M	72.92M	54.11M	73.5M	57.07M	35.14M	69.95M	104.96M
Pretax Margin %	0.12%	0.46%	0.46%	0.43%	0.34%	0.38%	0.26%	0.17%	0.33%	0.35%
Income Tax+	2.75M	19.24M	18.92M	20.87M	8.91M	12.99M	13.79M	14.04M	20.28M	26.19M
Effective Tax Rate %	0.5%	0.58%	0.6%	0.54%	0.63%	0.63%	0.54%	0.59%	0.52%	0.55%
Net Income+	6.34M	43.67M	46.99M	39.72M	34.27M	46.38M	30.63M	20.61M	36.31M	58.19M
Net Margin %	0.06%	0.27%	0.28%	0.23%	0.22%	0.24%	0.14%	0.1%	0.17%	0.19%
Net Income Growth %	1.06%	5.89%	0.08%	-0.15%	-0.14%	0.35%	-0.34%	-0.33%	0.76%	0.6%
Net Income (Continuing)	9.94M	55.5M	58.9M	52.05M	45.2M	60.51M	43.28M	21.1M	49.68M	78.77M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	53.02M	54.81M	68.94M	65.73M	70.29M	98.15M	107.72M	90.78M	89.75M	130.66M
EPS (Diluted)+	0.04	0.25	0.27	0.23	0.18	0.28	0.17	0.11	0.20	0.28
EPS Growth %	1.07%	5.25%	0.08%	-0.15%	-0.22%	0.56%	-0.39%	-0.35%	0.82%	0.4%
EPS (Basic)	0.04	0.26	0.28	0.24	0.19	0.28	0.17	0.11	0.21	0.29
Diluted Shares Outstanding	169.38M	171.35M	171.41M	170.39M	174.08M	177.07M	178.32M	178.99M	179.14M	206.3M
Basic Shares Outstanding	169.38M	167.19M	167.85M	168.48M	171.71M	174.87M	176.53M	176.86M	177M	204.01M
Dividend Payout Ratio	0.21%	0.08%	0.07%	0.11%	0.13%	0.1%	0.14%	0.21%	0.12%	0.09%

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	77.32M	110.83M	122.8M	134.86M	158.18M	221.19M	232.31M	219.05M	201.9M	386.92M
Cash & Short-Term Investments	61.96M	96.47M	106.11M	115.28M	142.52M	199.09M	212.93M	203.32M	184.89M	369.06M
Cash Only	41.96M	73M	49.2M	67.44M	65.78M	118.73M	113.3M	145.69M	152.94M	363.98M
Short-Term Investments	20M	23.47M	56.91M	47.84M	76.74M	80.36M	99.62M	57.63M	31.95M	5.08M
Accounts Receivable	2.54M	1.4M	1.22M	4.79M	3.98M	7.52M	4.79M	2.48M	2.86M	2.28M
Days Sales Outstanding	8.58	3.13	2.62	10.25	9.14	14.29	8.02	4.34	4.86	2.78
Inventory	8.86M	8.71M	11.02M	10.84M	8.43M	9.77M	9.12M	8.34M	7.39M	8.03M
Days Inventory Outstanding	33.99	33.08	38.74	36.14	30.94	33.03	24.92	22.17	20.05	16.71
Other Current Assets	0	0	0	0	0	0	0	0	0	0
Total Non-Current Assets+	294.7M	287.14M	354.09M	364.21M	354.58M	431.45M	491.23M	457.75M	500.92M	752.02M
Property, Plant & Equipment	238.62M	219.62M	248.14M	257.44M	238.84M	294.58M	346.2M	328.14M	347.46M	610.42M
Fixed Asset Turnover	0.45x	0.74x	0.69x	0.66x	0.66x	0.65x	0.63x	0.63x	0.62x	0.49x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	48.5M	51.78M	55.15M	50.1M	52.47M	58.58M	59.66M	55.34M	51.27M	70.36M
Long-Term Investments	3.42M	9.72M	44.13M	47.96M	53.3M	69.19M	74.61M	66.23M	95.68M	63.29M
Other Non-Current Assets	2.3M	5.05M	5.71M	7.95M	9.97M	9.11M	9.85M	7.85M	6.51M	7.95M
Total Assets+	372.02M	397.97M	476.89M	499.08M	512.76M	652.64M	723.54M	676.8M	702.82M	1.14B
Asset Turnover	0.29x	0.41x	0.36x	0.34x	0.31x	0.29x	0.30x	0.31x	0.31x	0.26x
Asset Growth %	-0%	0.07%	0.2%	0.05%	0.03%	0.27%	0.11%	-0.06%	0.04%	0.62%
Total Current Liabilities+	42.11M	40.16M	32.31M	37.87M	27.83M	37.17M	46.04M	41.24M	47.15M	76.56M
Accounts Payable	27.46M	30.37M	25.2M	29.86M	23.13M	30.3M	39.67M	36.74M	41.8M	63.88M
Days Payables Outstanding	105.38	115.35	88.6	99.57	84.88	102.45	108.35	97.63	113.34	132.98
Short-Term Debt	4.84M	0	0	4.47M	0	0	0	0	0	2.46M
Deferred Revenue (Current)	1000K	0	0	502K	0	0	0	0	0	0
Other Current Liabilities	9.82M	6.8M	6.81M	3.04M	3.19M	4.86M	5.45M	4.09M	4.22M	7.26M
Current Ratio	1.84x	2.76x	3.80x	3.56x	5.68x	5.95x	5.05x	5.31x	4.28x	5.05x
Quick Ratio	1.63x	2.54x	3.46x	3.27x	5.38x	5.69x	4.85x	5.11x	4.12x	4.95x
Cash Conversion Cycle	-62.81	-79.14	-47.24	-53.18	-44.81	-55.13	-75.41	-71.12	-88.43	-113.49
Total Non-Current Liabilities+	43.35M	39.88M	46.41M	48.02M	45.96M	49.74M	57.39M	55.73M	58.65M	228.99M
Long-Term Debt	0	0	0	0	0	0	0	0	0	108.19M
Capital Lease Obligations	0	0	0	0	1.5M	1.08M	614K	314K	1.1M	1.05M
Deferred Tax Liabilities	23.22M	27.69M	33.31M	34.33M	35.76M	40.79M	48.03M	48.1M	51.11M	59.34M
Other Non-Current Liabilities	20.12M	12.19M	13.1M	13.69M	8.7M	7.86M	8.74M	7.32M	6.44M	60.41M
Total Liabilities	85.46M	80.03M	78.72M	85.89M	73.79M	86.91M	103.42M	96.97M	105.81M	305.55M
Total Debt+	4.84M	0	0	4.47M	2.07M	1.74M	1.26M	583K	1.31M	111.98M
Net Debt	-37.13M	-73M	-49.2M	-62.97M	-63.71M	-116.99M	-112.04M	-145.11M	-151.63M	-251.99M
Debt / Equity	0.02x	-	-	0.01x	0.00x	0.00x	0.00x	0.00x	0.00x	0.13x
Debt / EBITDA	0.15x	-	-	0.05x	0.03x	0.02x	0.01x	0.01x	0.01x	0.82x
Net Debt / EBITDA	-1.19x	-0.79x	-0.52x	-0.69x	-0.85x	-1.23x	-1.25x	-2.30x	-1.63x	-1.85x
Interest Coverage	11.43x	96.43x	167.98x	111.05x	90.09x	207.29x	183.48x	119.67x	300.10x	16.24x
Total Equity+	286.56M	317.94M	398.18M	413.18M	438.97M	565.73M	620.11M	579.83M	597.01M	833.39M
Equity Growth %	-0.02%	0.11%	0.25%	0.04%	0.06%	0.29%	0.1%	-0.06%	0.03%	0.4%
Book Value per Share	1.69	1.86	2.32	2.42	2.52	3.19	3.48	3.24	3.33	4.04
Total Shareholders' Equity	233.54M	263.12M	329.24M	347.45M	368.68M	467.57M	512.4M	489.05M	507.25M	702.73M
Common Stock	230.93M	232.16M	228.73M	231.27M	243.93M	250.2M	255.44M	255.68M	258.4M	411.96M
Retained Earnings	562K	42.65M	86.28M	116.73M	145.9M	187.91M	213.7M	229.88M	261.76M	305.91M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	2.04M	-11.69M	14.22M	-557K	-21.14M	29.47M	43.25M	3.48M	-12.91M	-15.14M
Minority Interest	53.02M	54.81M	68.94M	65.73M	70.29M	98.15M	107.72M	90.78M	89.75M	130.66M

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	31.88M	80.44M	67.9M	67.75M	77.25M	85.91M	107.38M	85.64M	91.57M	138.63M
Operating CF Margin %	0.3%	0.49%	0.4%	0.4%	0.49%	0.45%	0.49%	0.41%	0.43%	0.46%
Operating CF Growth %	-0.41%	1.52%	-0.16%	-0%	0.14%	0.11%	0.25%	-0.2%	0.07%	0.51%
Net Income	9.94M	55.5M	58.9M	52.05M	45.2M	60.51M	43.28M	21.1M	36.15M	78.77M
Depreciation & Amortization	18.93M	18.91M	19.44M	14.45M	22.67M	23.48M	27.3M	29.37M	0	32.83M
Stock-Based Compensation	887K	1.01M	1.57M	1.9M	2.67M	4.31M	6.1M	3.84M	4.15M	3.69M
Deferred Taxes	2.75M	19.24M	18.92M	20.87M	8.91M	12.99M	13.79M	14.04M	5.58M	26.19M
Other Non-Cash Items	67K	-18.71M	-28.3M	-22.17M	-3.97M	-18.45M	10.49M	19.3M	41.63M	-10.43M
Working Capital Changes	-687K	4.49M	-2.63M	659K	1.76M	3.08M	6.42M	-2.01M	4.07M	7.59M
Change in Receivables	-861.13K	632K	715K	169K	160K	-470K	-2.1M	908K	-1.06M	1.69M
Change in Inventory	-1.8M	355K	-1.16M	-606K	1.8M	-859K	753K	79K	607.32K	-661K
Change in Payables	3.47M	2.15M	-1.57M	4.44M	0	3.05M	8.03M	0	6.52M	0
Cash from Investing+	-47.11M	-43.56M	-81.73M	-29.43M	-70.79M	-40.97M	-106.63M	-26.52M	-65.71M	-44.67M
Capital Expenditures	-36.8M	-35.8M	-27.1M	-34.31M	-7.4M	-52.2M	-67.2M	-13.29M	-63.47M	-26.21M
CapEx % of Revenue	0.34%	0.22%	0.16%	0.2%	0.05%	0.27%	0.31%	0.06%	0.29%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	11K	24.85M	20.98M	31K	-23.36M	1.94M	43.27M	-40.44M	-24.05M	-59.65M
Cash from Financing+	-943K	-7.23M	-14.77M	-15.2M	-2.93M	-1.45M	-7.43M	-17.98M	-16.8M	115.12M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-1.32M	-1.58M	-3.36M	-4.21M	-4.29M	-4.59M	-4.42M	-4.42M	-4.43M	-4.95M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.73M	-6.53M	-7.79M	-17.29M	-1.77M	166.57K	-4.27M	-10.88M	-11.09M	-24.3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-4.92M	44.64M	40.8M	33.44M	41.94M	33.71M	40.17M	30.69M	28.1M	52.6M
FCF Margin %	-0.05%	0.27%	0.24%	0.2%	0.26%	0.18%	0.18%	0.15%	0.13%	0.18%
FCF Growth %	-1.61%	10.07%	-0.09%	-0.18%	0.25%	-0.2%	0.19%	-0.24%	-0.08%	0.87%
FCF per Share	-0.03	0.26	0.24	0.20	0.24	0.19	0.23	0.17	0.16	0.25
FCF Conversion (FCF/Net Income)	5.03x	1.84x	1.44x	1.71x	2.25x	1.85x	3.51x	4.16x	2.52x	2.38x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	2.19%	14.45%	13.12%	9.79%	8.04%	9.23%	5.17%	3.43%	6.17%	8.14%
Return on Invested Capital (ROIC)	3.86%	22.24%	19.05%	15.03%	10.79%	13.06%	9.81%	5.37%	10.89%	15.07%
Gross Margin	11.9%	41.21%	38.95%	35.81%	37.38%	43.81%	38.68%	34.01%	37.45%	41.34%
Net Margin	5.87%	26.72%	27.64%	23.3%	21.58%	24.14%	14.06%	9.9%	16.87%	19.47%
Debt / Equity	0.02x	-	-	0.01x	0.00x	0.00x	0.00x	0.00x	0.00x	0.13x
Interest Coverage	11.43x	96.43x	167.98x	111.05x	90.09x	207.29x	183.48x	119.67x	300.10x	16.24x
FCF Conversion	5.03x	1.84x	1.44x	1.71x	2.25x	1.85x	3.51x	4.16x	2.52x	2.38x
Revenue Growth	-15.98%	51.45%	4.02%	0.28%	-6.86%	20.95%	13.44%	-4.49%	3.39%	38.9%

Revenue by Geography

	2020	2021
GuangdongMember	-	21.35M
GuangdongMember Growth	-	-
Guangdong	33.26M	-
Guangdong Growth	-	-
Hunan	1.55M	-
Hunan Growth	-	-

Frequently Asked Questions

Valuation & Price

Silvercorp Metals Inc. (SVM) has a price-to-earnings (P/E) ratio of 36.4x. This suggests investors expect higher future growth.

Growth & Financials

Silvercorp Metals Inc. (SVM) reported $322.5M in revenue for fiscal year 2024. This represents a 36% increase from $238.0M in 2011.

Silvercorp Metals Inc. (SVM) grew revenue by 38.9% over the past year. This is strong growth.

Yes, Silvercorp Metals Inc. (SVM) is profitable, generating $25.3M in net income for fiscal year 2024 (19.5% net margin).

Dividend & Returns

Yes, Silvercorp Metals Inc. (SVM) pays a dividend with a yield of 0.24%. This makes it attractive for income-focused investors.

Silvercorp Metals Inc. (SVM) has a return on equity (ROE) of 8.1%. This is below average, suggesting room for improvement.

Silvercorp Metals Inc. (SVM) generated $37.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Silvercorp Metals Inc. (SVM) 10-Year Financial Performance & Capital Metrics

SVM • • Industrial / General

Basic MaterialsSilverSilver-Gold ProducersSingle-Region Silver-Gold Producers

Revenue $299M +38.9%
EBITDA $136M +46.4%
Net Income $58M +60.3%
EPS (Diluted) 0.28 +40.0%
Gross Margin 41.34% +10.4%
EBITDA Margin 45.49% +5.4%
Operating Margin 34.51% +16.2%
Net Margin 19.47% +15.4%
ROE 8.14% +31.9%
ROIC 15.07% +38.3%
Debt/Equity 0.13 +5999.5%
Interest Coverage 16.24 -94.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 17.6% free cash flow margin
✓Momentum leader: RS Rating 93 (top 7%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.5%
✓Healthy 5Y average net margin of 16.9%
✓Trading near 52-week high

✗Weaknesses

✗Shares diluted 15.2% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.81%

5Y13.48%

3Y11.11%

TTM33.61%

Profit (Net Income) CAGR

10Y-

5Y11.17%

3Y23.85%

TTM-54.6%

EPS CAGR

10Y-

5Y9.24%

3Y18.1%

TTM-60.84%

ROCE

10Y Avg12.01%

5Y Avg9.95%

3Y Avg9.02%

Latest12.01%

Peer Comparison

Single-Region Silver-Gold Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SVMSilvercorp Metals Inc.	2.25B	10.20	36.43	38.9%	7.84%	2.98%	2.34%	0.13

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	107.94M	163.47M	170.04M	170.52M	158.83M	192.1M	217.92M	208.13M	215.19M	298.89M
Revenue Growth %	-0.16%	0.51%	0.04%	0%	-0.07%	0.21%	0.13%	-0.04%	0.03%	0.39%
Cost of Goods Sold+	95.1M	96.11M	103.81M	109.45M	99.45M	107.94M	133.62M	137.35M	134.6M	175.34M
COGS % of Revenue	0.88%	0.59%	0.61%	0.64%	0.63%	0.56%	0.61%	0.66%	0.63%	0.59%
Gross Profit+	12.84M	67.36M	66.23M	61.07M	59.37M	84.16M	84.3M	70.78M	80.59M	123.55M
Gross Margin %	0.12%	0.41%	0.39%	0.36%	0.37%	0.44%	0.39%	0.34%	0.37%	0.41%
Gross Profit Growth %	-0.54%	4.25%	-0.02%	-0.08%	-0.03%	0.42%	0%	-0.16%	0.14%	0.53%
Operating Expenses+	-205K	-748K	-2.02M	806K	7.21M	12.44M	21.74M	37.04M	16.67M	20.4M
OpEx % of Revenue	-0%	-0%	-0.01%	0%	0.05%	0.06%	0.1%	0.18%	0.08%	0.07%
Selling, General & Admin	15.77M	15.59M	17.49M	18.17M	9.65M	11.83M	13.59M	12.68M	13.51M	16.91M
SG&A % of Revenue	0.15%	0.1%	0.1%	0.11%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-15.97M	-16.34M	-19.5M	-806K	-2.44M	606K	8.15M	24.36M	3.16M	3.49M
Operating Income+	12.39M	73.29M	75.42M	70.07M	52.16M	71.72M	62.56M	33.75M	63.92M	103.15M
Operating Margin %	0.11%	0.45%	0.44%	0.41%	0.33%	0.37%	0.29%	0.16%	0.3%	0.35%
Operating Income Growth %	1.13%	4.92%	0.03%	-0.07%	-0.26%	0.38%	-0.13%	-0.46%	0.89%	0.61%
EBITDA+	31.32M	92.28M	95.23M	91.41M	74.83M	94.95M	89.59M	63.12M	92.89M	135.98M
EBITDA Margin %	0.29%	0.56%	0.56%	0.54%	0.47%	0.49%	0.41%	0.3%	0.43%	0.45%
EBITDA Growth %	1.42%	1.95%	0.03%	-0.04%	-0.18%	0.27%	-0.06%	-0.3%	0.47%	0.46%
D&A (Non-Cash Add-back)	18.93M	18.99M	19.8M	21.34M	22.67M	23.22M	27.03M	29.37M	28.97M	32.83M
EBIT	13.77M	73.65M	78.26M	72.08M	54.69M	73.85M	57.41M	35.42M	70.17M	109.93M
Net Interest Income+	298K	1.45M	2.39M	2.85M	3.44M	3.42M	4.68M	4.3M	6.03M	1.88M
Interest Income	1.38M	2.21M	2.84M	3.48M	4.02M	3.77M	5.02M	4.58M	6.25M	8.23M
Interest Expense	1.08M	760K	449K	631K	579K	346K	341K	282K	213K	6.35M
Other Income/Expense	298K	1.45M	2.39M	5.85M	1.95M	1.78M	-5.49M	1.4M	6.03M	1.8M
Pretax Income+	12.69M	74.73M	77.81M	72.92M	54.11M	73.5M	57.07M	35.14M	69.95M	104.96M
Pretax Margin %	0.12%	0.46%	0.46%	0.43%	0.34%	0.38%	0.26%	0.17%	0.33%	0.35%
Income Tax+	2.75M	19.24M	18.92M	20.87M	8.91M	12.99M	13.79M	14.04M	20.28M	26.19M
Effective Tax Rate %	0.5%	0.58%	0.6%	0.54%	0.63%	0.63%	0.54%	0.59%	0.52%	0.55%
Net Income+	6.34M	43.67M	46.99M	39.72M	34.27M	46.38M	30.63M	20.61M	36.31M	58.19M
Net Margin %	0.06%	0.27%	0.28%	0.23%	0.22%	0.24%	0.14%	0.1%	0.17%	0.19%
Net Income Growth %	1.06%	5.89%	0.08%	-0.15%	-0.14%	0.35%	-0.34%	-0.33%	0.76%	0.6%
Net Income (Continuing)	9.94M	55.5M	58.9M	52.05M	45.2M	60.51M	43.28M	21.1M	49.68M	78.77M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	53.02M	54.81M	68.94M	65.73M	70.29M	98.15M	107.72M	90.78M	89.75M	130.66M
EPS (Diluted)+	0.04	0.25	0.27	0.23	0.18	0.28	0.17	0.11	0.20	0.28
EPS Growth %	1.07%	5.25%	0.08%	-0.15%	-0.22%	0.56%	-0.39%	-0.35%	0.82%	0.4%
EPS (Basic)	0.04	0.26	0.28	0.24	0.19	0.28	0.17	0.11	0.21	0.29
Diluted Shares Outstanding	169.38M	171.35M	171.41M	170.39M	174.08M	177.07M	178.32M	178.99M	179.14M	206.3M
Basic Shares Outstanding	169.38M	167.19M	167.85M	168.48M	171.71M	174.87M	176.53M	176.86M	177M	204.01M
Dividend Payout Ratio	0.21%	0.08%	0.07%	0.11%	0.13%	0.1%	0.14%	0.21%	0.12%	0.09%

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	77.32M	110.83M	122.8M	134.86M	158.18M	221.19M	232.31M	219.05M	201.9M	386.92M
Cash & Short-Term Investments	61.96M	96.47M	106.11M	115.28M	142.52M	199.09M	212.93M	203.32M	184.89M	369.06M
Cash Only	41.96M	73M	49.2M	67.44M	65.78M	118.73M	113.3M	145.69M	152.94M	363.98M
Short-Term Investments	20M	23.47M	56.91M	47.84M	76.74M	80.36M	99.62M	57.63M	31.95M	5.08M
Accounts Receivable	2.54M	1.4M	1.22M	4.79M	3.98M	7.52M	4.79M	2.48M	2.86M	2.28M
Days Sales Outstanding	8.58	3.13	2.62	10.25	9.14	14.29	8.02	4.34	4.86	2.78
Inventory	8.86M	8.71M	11.02M	10.84M	8.43M	9.77M	9.12M	8.34M	7.39M	8.03M
Days Inventory Outstanding	33.99	33.08	38.74	36.14	30.94	33.03	24.92	22.17	20.05	16.71
Other Current Assets	0	0	0	0	0	0	0	0	0	0
Total Non-Current Assets+	294.7M	287.14M	354.09M	364.21M	354.58M	431.45M	491.23M	457.75M	500.92M	752.02M
Property, Plant & Equipment	238.62M	219.62M	248.14M	257.44M	238.84M	294.58M	346.2M	328.14M	347.46M	610.42M
Fixed Asset Turnover	0.45x	0.74x	0.69x	0.66x	0.66x	0.65x	0.63x	0.63x	0.62x	0.49x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	48.5M	51.78M	55.15M	50.1M	52.47M	58.58M	59.66M	55.34M	51.27M	70.36M
Long-Term Investments	3.42M	9.72M	44.13M	47.96M	53.3M	69.19M	74.61M	66.23M	95.68M	63.29M
Other Non-Current Assets	2.3M	5.05M	5.71M	7.95M	9.97M	9.11M	9.85M	7.85M	6.51M	7.95M
Total Assets+	372.02M	397.97M	476.89M	499.08M	512.76M	652.64M	723.54M	676.8M	702.82M	1.14B
Asset Turnover	0.29x	0.41x	0.36x	0.34x	0.31x	0.29x	0.30x	0.31x	0.31x	0.26x
Asset Growth %	-0%	0.07%	0.2%	0.05%	0.03%	0.27%	0.11%	-0.06%	0.04%	0.62%
Total Current Liabilities+	42.11M	40.16M	32.31M	37.87M	27.83M	37.17M	46.04M	41.24M	47.15M	76.56M
Accounts Payable	27.46M	30.37M	25.2M	29.86M	23.13M	30.3M	39.67M	36.74M	41.8M	63.88M
Days Payables Outstanding	105.38	115.35	88.6	99.57	84.88	102.45	108.35	97.63	113.34	132.98
Short-Term Debt	4.84M	0	0	4.47M	0	0	0	0	0	2.46M
Deferred Revenue (Current)	1000K	0	0	502K	0	0	0	0	0	0
Other Current Liabilities	9.82M	6.8M	6.81M	3.04M	3.19M	4.86M	5.45M	4.09M	4.22M	7.26M
Current Ratio	1.84x	2.76x	3.80x	3.56x	5.68x	5.95x	5.05x	5.31x	4.28x	5.05x
Quick Ratio	1.63x	2.54x	3.46x	3.27x	5.38x	5.69x	4.85x	5.11x	4.12x	4.95x
Cash Conversion Cycle	-62.81	-79.14	-47.24	-53.18	-44.81	-55.13	-75.41	-71.12	-88.43	-113.49
Total Non-Current Liabilities+	43.35M	39.88M	46.41M	48.02M	45.96M	49.74M	57.39M	55.73M	58.65M	228.99M
Long-Term Debt	0	0	0	0	0	0	0	0	0	108.19M
Capital Lease Obligations	0	0	0	0	1.5M	1.08M	614K	314K	1.1M	1.05M
Deferred Tax Liabilities	23.22M	27.69M	33.31M	34.33M	35.76M	40.79M	48.03M	48.1M	51.11M	59.34M
Other Non-Current Liabilities	20.12M	12.19M	13.1M	13.69M	8.7M	7.86M	8.74M	7.32M	6.44M	60.41M
Total Liabilities	85.46M	80.03M	78.72M	85.89M	73.79M	86.91M	103.42M	96.97M	105.81M	305.55M
Total Debt+	4.84M	0	0	4.47M	2.07M	1.74M	1.26M	583K	1.31M	111.98M
Net Debt	-37.13M	-73M	-49.2M	-62.97M	-63.71M	-116.99M	-112.04M	-145.11M	-151.63M	-251.99M
Debt / Equity	0.02x	-	-	0.01x	0.00x	0.00x	0.00x	0.00x	0.00x	0.13x
Debt / EBITDA	0.15x	-	-	0.05x	0.03x	0.02x	0.01x	0.01x	0.01x	0.82x
Net Debt / EBITDA	-1.19x	-0.79x	-0.52x	-0.69x	-0.85x	-1.23x	-1.25x	-2.30x	-1.63x	-1.85x
Interest Coverage	11.43x	96.43x	167.98x	111.05x	90.09x	207.29x	183.48x	119.67x	300.10x	16.24x
Total Equity+	286.56M	317.94M	398.18M	413.18M	438.97M	565.73M	620.11M	579.83M	597.01M	833.39M
Equity Growth %	-0.02%	0.11%	0.25%	0.04%	0.06%	0.29%	0.1%	-0.06%	0.03%	0.4%
Book Value per Share	1.69	1.86	2.32	2.42	2.52	3.19	3.48	3.24	3.33	4.04
Total Shareholders' Equity	233.54M	263.12M	329.24M	347.45M	368.68M	467.57M	512.4M	489.05M	507.25M	702.73M
Common Stock	230.93M	232.16M	228.73M	231.27M	243.93M	250.2M	255.44M	255.68M	258.4M	411.96M
Retained Earnings	562K	42.65M	86.28M	116.73M	145.9M	187.91M	213.7M	229.88M	261.76M	305.91M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	2.04M	-11.69M	14.22M	-557K	-21.14M	29.47M	43.25M	3.48M	-12.91M	-15.14M
Minority Interest	53.02M	54.81M	68.94M	65.73M	70.29M	98.15M	107.72M	90.78M	89.75M	130.66M

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	31.88M	80.44M	67.9M	67.75M	77.25M	85.91M	107.38M	85.64M	91.57M	138.63M
Operating CF Margin %	0.3%	0.49%	0.4%	0.4%	0.49%	0.45%	0.49%	0.41%	0.43%	0.46%
Operating CF Growth %	-0.41%	1.52%	-0.16%	-0%	0.14%	0.11%	0.25%	-0.2%	0.07%	0.51%
Net Income	9.94M	55.5M	58.9M	52.05M	45.2M	60.51M	43.28M	21.1M	36.15M	78.77M
Depreciation & Amortization	18.93M	18.91M	19.44M	14.45M	22.67M	23.48M	27.3M	29.37M	0	32.83M
Stock-Based Compensation	887K	1.01M	1.57M	1.9M	2.67M	4.31M	6.1M	3.84M	4.15M	3.69M
Deferred Taxes	2.75M	19.24M	18.92M	20.87M	8.91M	12.99M	13.79M	14.04M	5.58M	26.19M
Other Non-Cash Items	67K	-18.71M	-28.3M	-22.17M	-3.97M	-18.45M	10.49M	19.3M	41.63M	-10.43M
Working Capital Changes	-687K	4.49M	-2.63M	659K	1.76M	3.08M	6.42M	-2.01M	4.07M	7.59M
Change in Receivables	-861.13K	632K	715K	169K	160K	-470K	-2.1M	908K	-1.06M	1.69M
Change in Inventory	-1.8M	355K	-1.16M	-606K	1.8M	-859K	753K	79K	607.32K	-661K
Change in Payables	3.47M	2.15M	-1.57M	4.44M	0	3.05M	8.03M	0	6.52M	0
Cash from Investing+	-47.11M	-43.56M	-81.73M	-29.43M	-70.79M	-40.97M	-106.63M	-26.52M	-65.71M	-44.67M
Capital Expenditures	-36.8M	-35.8M	-27.1M	-34.31M	-7.4M	-52.2M	-67.2M	-13.29M	-63.47M	-26.21M
CapEx % of Revenue	0.34%	0.22%	0.16%	0.2%	0.05%	0.27%	0.31%	0.06%	0.29%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	11K	24.85M	20.98M	31K	-23.36M	1.94M	43.27M	-40.44M	-24.05M	-59.65M
Cash from Financing+	-943K	-7.23M	-14.77M	-15.2M	-2.93M	-1.45M	-7.43M	-17.98M	-16.8M	115.12M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-1.32M	-1.58M	-3.36M	-4.21M	-4.29M	-4.59M	-4.42M	-4.42M	-4.43M	-4.95M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.73M	-6.53M	-7.79M	-17.29M	-1.77M	166.57K	-4.27M	-10.88M	-11.09M	-24.3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-4.92M	44.64M	40.8M	33.44M	41.94M	33.71M	40.17M	30.69M	28.1M	52.6M
FCF Margin %	-0.05%	0.27%	0.24%	0.2%	0.26%	0.18%	0.18%	0.15%	0.13%	0.18%
FCF Growth %	-1.61%	10.07%	-0.09%	-0.18%	0.25%	-0.2%	0.19%	-0.24%	-0.08%	0.87%
FCF per Share	-0.03	0.26	0.24	0.20	0.24	0.19	0.23	0.17	0.16	0.25
FCF Conversion (FCF/Net Income)	5.03x	1.84x	1.44x	1.71x	2.25x	1.85x	3.51x	4.16x	2.52x	2.38x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	2.19%	14.45%	13.12%	9.79%	8.04%	9.23%	5.17%	3.43%	6.17%	8.14%
Return on Invested Capital (ROIC)	3.86%	22.24%	19.05%	15.03%	10.79%	13.06%	9.81%	5.37%	10.89%	15.07%
Gross Margin	11.9%	41.21%	38.95%	35.81%	37.38%	43.81%	38.68%	34.01%	37.45%	41.34%
Net Margin	5.87%	26.72%	27.64%	23.3%	21.58%	24.14%	14.06%	9.9%	16.87%	19.47%
Debt / Equity	0.02x	-	-	0.01x	0.00x	0.00x	0.00x	0.00x	0.00x	0.13x
Interest Coverage	11.43x	96.43x	167.98x	111.05x	90.09x	207.29x	183.48x	119.67x	300.10x	16.24x
FCF Conversion	5.03x	1.84x	1.44x	1.71x	2.25x	1.85x	3.51x	4.16x	2.52x	2.38x
Revenue Growth	-15.98%	51.45%	4.02%	0.28%	-6.86%	20.95%	13.44%	-4.49%	3.39%	38.9%

Revenue by Geography

	2020	2021
GuangdongMember	-	21.35M
GuangdongMember Growth	-	-
Guangdong	33.26M	-
Guangdong Growth	-	-
Hunan	1.55M	-
Hunan Growth	-	-

Frequently Asked Questions

Valuation & Price

Silvercorp Metals Inc. (SVM) has a price-to-earnings (P/E) ratio of 36.4x. This suggests investors expect higher future growth.

Growth & Financials

Silvercorp Metals Inc. (SVM) reported $322.5M in revenue for fiscal year 2024. This represents a 36% increase from $238.0M in 2011.

Silvercorp Metals Inc. (SVM) grew revenue by 38.9% over the past year. This is strong growth.

Yes, Silvercorp Metals Inc. (SVM) is profitable, generating $25.3M in net income for fiscal year 2024 (19.5% net margin).

Dividend & Returns

Yes, Silvercorp Metals Inc. (SVM) pays a dividend with a yield of 0.24%. This makes it attractive for income-focused investors.

Silvercorp Metals Inc. (SVM) has a return on equity (ROE) of 8.1%. This is below average, suggesting room for improvement.

Silvercorp Metals Inc. (SVM) generated $37.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.