Silvercorp Metals Inc. (SVM.TO) 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

-97.4%

CA$0.30

vs CA$11.43 price

Levered DCF

CA$11.83

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

4.29

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-239.53×	13.3×	16.41×	31.67×	21.44×	18.25×	16.38×	10.43×
P/B	2.51×	1.12×	1.2×	1.37×	1.26×	1.84×	1.53×	1.21×
P/S	5.43×	2.63×	2.83×	3.23×	2.95×	4.48×	3.54×	2.47×
EV / EBITDA	8.77×	3.75×	4.62×	8.13×	5.58×	7.67×	6.45×	3.78×
Gross margin	57.5%	41.3%	58.5%	55.7%	58.9%	65.5%	37.4%	35.8%
Operating margin	53.1%	34.5%	29.7%	16.2%	28.7%	37.3%	37.4%	41.1%
Net margin	-2.3%	19.5%	16.9%	9.9%	14.1%	24.1%	21.6%	23.3%
Current ratio	3.58×	5.05×	4.28×	5.31×	5.05×	5.95×	5.68×	3.56×
Debt / equity	0.13×	0.16×	0×	0×	0×	0×	0.01×	0.01×
Interest coverage	18.86×	20.75×	300.1×	119.67×	183.48×	207.29×	28.64×	111.05×
Dividend yield	0.2%	0.6%	0.7%	0.7%	0.7%	0.5%	0.8%	1.0%
Payout ratio	-55.1%	8.5%	12.2%	21.5%	14.4%	9.4%	12.5%	10.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-1.0%	8.3%	7.2%	4.2%	6.0%	9.9%	9.3%	11.4%
Return on invested capital	7.0%	7.3%	6.9%	3.2%	7.0%	9.6%	10.2%	10.7%
Return on assets	-0.7%	5.1%	5.2%	3.0%	4.2%	7.1%	6.7%	8.0%
Free cash flow yield	7.3%	6.7%	4.6%	4.6%	6.2%	3.9%	7.5%	7.9%
Earnings yield	-0.4%	7.4%	6.0%	3.1%	4.8%	5.4%	6.1%	9.4%
Enterprise value	CA$2.3B	CA$534.7M	CA$458.4M	CA$527.1M	CA$531.3M	CA$744.4M	CA$498.8M	CA$358.7M
Net debt / EBITDA	-0.05×	-1.77×	-1.53×	-2.24×	-1.18×	-1.21×	-0.82×	-0.66×
Cash conversion cycle (days)	-147	-113	-136	-108	-118	-110	-51	-53