GR Silver Mining Ltd. (GRSL.V) 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

-65.5%

CA$0.08

vs CA$0.23 price

Levered DCF

CA$0.08

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

52.59

Safe zone

Rating

C-

Overall 1 / 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	-18.35×	2.7×	-0.83×	-1.2×	-2.29×	-9.18×	-2.82×	-1×
P/B	4.27×	6.67×	-1.32×	4.9×	3.77×	8.3×	3.16×	2.48×
P/S	0×	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-15.1×	2.62×	-0.84×	-1.19×	-2.22×	-8.7×	-2.27×	-0.76×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	14.8×	1.02×	0.01×	0.07×	0.23×	5.23×	5.65×	3.92×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	-6,292.86×	0×	0×	0×	0×	0×	0×
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	-23.3%	246.6%	158.5%	-409.2%	-161.6%	-90.4%	-112.2%	-251.7%
Return on invested capital	-23.2%	-147.7%	120.4%	-288.3%	-107.1%	-80.3%	-110.2%	-195.4%
Return on assets	-21.9%	198.4%	-238.7%	-74.3%	-64.0%	-80.6%	-100.8%	-218.2%
Free cash flow yield	-4.7%	-8.6%	-25.0%	-61.5%	-44.7%	-9.2%	-31.3%	-73.9%
Earnings yield	-5.5%	36.9%	-120.4%	-83.5%	-42.8%	-10.9%	-35.5%	-101.3%
Enterprise value	CA$123.7M	CA$51M	CA$21.2M	CA$21.6M	CA$39.4M	CA$75.3M	CA$8.4M	CA$4.4M
Net debt / EBITDA	3.6×	-0.06×	0×	0.05×	0.17×	0.57×	0.56×	0.22×
Cash conversion cycle (days)	0	-1,249	-1,417	-599	-1,394	-3,787	-22,149	-21,954