Americas Gold and Silver Corporation (USAS) 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

-283.2%

-$5.41

vs $2.96 price

Levered DCF

-$4.88

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.79

Grey 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	-15.48×	-1.79×	-1.27×	-4.96×	-0.58×	-26.92×	-13.78×	-13.2×
P/B	6.16×	1.49×	0.81×	2.59×	0.98×	3.96×	3.59×	1.67×
P/S	11.58×	0.8×	0.45×	2.47×	2.03×	24.08×	7.75×	2.06×
EV / EBITDA	-22.78×	-5×	-5.63×	-12.21×	-0.8×	-30.96×	-41.9×	73.59×
Gross margin	10.0%	-6.6%	-6.7%	-9.9%	-123.3%	-33.4%	2.1%	8.3%
Operating margin	-22.0%	-26.2%	-24.0%	-31.2%	-183.4%	-82.8%	-18.9%	-8.8%
Net margin	-74.1%	-44.9%	-36.7%	-50.7%	-350.0%	-90.2%	-55.9%	-15.6%
Current ratio	1.78×	0.59×	0.38×	0.6×	0.52×	0.51×	1×	1.28×
Debt / equity	0.21×	0.45×	0.41×	0.19×	0.26×	0.2×	0.12×	0.17×
Interest coverage	-4.87×	-3.56×	-2.79×	-14.74×	-16.96×	-91.21×	-6.15×	-4.28×
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	-39.5%	-84.1%	-65.4%	-53.1%	-169.4%	-14.8%	-25.9%	-12.7%
Return on invested capital	-7.9%	-18.9%	-15.3%	-17.4%	-45.0%	-9.0%	-5.5%	-5.3%
Return on assets	-21.2%	-23.3%	-19.4%	-22.6%	-73.9%	-8.8%	-14.1%	-8.4%
Free cash flow yield	-5.4%	-27.5%	-48.5%	-9.9%	-69.6%	-4.5%	0.1%	-5.6%
Earnings yield	-6.4%	-56.4%	-80.9%	-20.5%	-172.6%	-3.7%	-7.2%	-7.6%
Enterprise value	$1.3B	$83.7M	$63.1M	$223.8M	$112.9M	$701M	$448.4M	$151.3M
Net debt / EBITDA	1.49×	-0.24×	-1.77×	-0.74×	-0.15×	-1.3×	0.42×	5.16×
Cash conversion cycle (days)	-69	-76	-15	-42	12	-35	-58	15