Endeavour Silver Corp. (EXK) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-332.4%

-$17.27

vs $7.43 price

Levered DCF

-$16.69

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.98

Grey zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-22.38×	-28.15×	63.14×	99.69×	51.03×	622.22×	-6.69×	-21.5×
P/B	4.6×	1.83×	1×	1.88×	2.97×	4.78×	2.66×	1.85×
P/S	5.68×	4.07×	1.88×	2.82×	4.27×	5.49×	2.68×	1.78×
EV / EBITDA	-28.85×	89.75×	7.53×	10.13×	11.18×	24.72×	-27.07×	10.65×
Gross margin	11.0%	19.3%	17.8%	24.5%	22.0%	19.7%	-14.3%	2.3%
Operating margin	6.0%	3.8%	4.2%	11.2%	13.4%	-0.6%	-36.1%	-11.6%
Net margin	-25.9%	-14.5%	3.0%	3.0%	8.4%	0.8%	-39.5%	-8.3%
Current ratio	1.53×	2×	1.73×	2.77×	3.99×	3.04×	2.55×	3.32×
Debt / equity	0.42×	0.25×	0.02×	0.05×	0.05×	0.07×	0.08×	0×
Interest coverage	2.09×	9.37×	10.58×	29.7×	30.75×	-0.77×	-111.5×	-82.94×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-21.0%	-6.5%	1.6%	2.0%	5.9%	0.7%	-39.1%	-8.6%
Return on invested capital	2.9%	1.3%	0.7%	1.7%	4.1%	0.5%	-30.9%	-8.0%
Return on assets	-9.8%	-4.4%	1.3%	1.6%	4.7%	0.6%	-29.4%	-7.0%
Free cash flow yield	-4.4%	-19.9%	-27.5%	-9.2%	-4.3%	1.8%	-9.6%	-5.1%
Earnings yield	-4.6%	-3.6%	1.6%	1.0%	2.0%	0.2%	-14.7%	-4.7%
Enterprise value	$2.7B	$900.2M	$360.4M	$525.1M	$614.2M	$710.2M	$313M	$234.1M
Net debt / EBITDA	-0.31×	1.38×	-0.54×	-1.31×	-1.67×	-1.75×	1.15×	-1.52×
Cash conversion cycle (days)	27	-20	4	-16	20	17	63	68