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Avino Silver & Gold Mines Ltd (ASM) Fair Value & Analysis

Basic Materials · US · Market cap $1.2B

AS Avino Silver & Gold Mines Ltd logo Avino Silver & Gold Mines Ltd ASM · US
Price$6.88
Fair Value$2.24
Upside-67.5%
Quality47/100
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Mixed Growth
Highly profitable · 32.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Wide moat 73/100
Evidence: High Range $1.00 – $2.80 Share as image

Fair value as of: Jul 14, 2026

From 24 valuation models · updated 27 days ago

Share price +20.1% over the past month.

Below-average quality, and screening another 68% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($2.80). The favourable scenario is already priced in.
  • The model range is unusually wide ($1.00 to $2.80). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$11.24 $0.4200 Fair Value $2.24 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range $0.4200 – $11.24 · fair‑value band $1.00 – $2.80 · the $6.88 price screens above the $2.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Avino Silver & Gold Mines Ltd (ASM) currently trades at $6.88, while our model-based Fair Value estimate is $2.24, implying the stock looks roughly 67.5% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Avino Silver & Gold Mines Ltd generated revenue of $113M at a net margin of 32.7%. Revenue grew 109.3% year over year. It earns a return on equity of 18.1%. The balance sheet holds a net cash position of $95.5M. Fundamentals as of Jul 14, 2026

Our scenario range runs from $1.00 (bear case) to $2.80 (bull case); at $6.88, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 43% below its 52-week high and 122% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -68%, ASM screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $0.6600 $0.7200 $0.8200 80
Residual Income $1.15 $1.28 $1.97 76
Rev-Margin DCF $1.04 $1.50 $2.46 74
All 24 models by family
DCF Models
FCF DCF $0.6700 $0.7100 $0.8300 38
Owner Earnings $0.9000 $1.24 $1.87 31
5Y Revenue Exit $0.9900 $1.39 $2.23 39
5Y EBITDA Exit $1.59 $2.60 $4.59 41
5Y P/E Exit $1.97 $4.11 $7.10 38
10Y Revenue Exit $0.8600 $1.40 $1.81 36
10Y EBITDA Exit $1.29 $2.59 $4.99 37
10Y P/E Exit $1.54 $3.32 $6.41 35
Earnings-Based
Graham-Dodd $1.05 $7.33 $10.29 54
Lynch FV $3.79 $5.41 $7.04 50
PEG = 1.0 $3.79 $5.41 $7.04 46
EPV $1.30 $1.40 $1.48 59
Multiples
P/E Multiple $1.97 $2.63 $3.29 63
P/S Multiple $0.5600 $0.7400 $0.9300 58
P/B Multiple $1.97 $2.63 $3.29 55
EV/EBIT $2.34 $2.92 $3.51 53
EV/EBITDA $2.01 $2.48 $2.96 54
EV/Revenue $1.10 $1.32 $1.54 43
Asset-Based
NCAV (Graham) $0.6700 $0.8900 $1.33 50
Growth DCF
Growth DCF $0.6600 $0.7200 $0.8200 80
Rev-Margin DCF $1.04 $1.50 $2.46 74
Economic Profit
Residual Income $1.15 $1.28 $1.97 76
ROIC Compounder $1.30 $1.50 $1.71 72
Growth Earnings
Growth-Adj P/E $4.66 $6.66 $8.66 68

Widest divergence: Growth Earnings ($6.66) versus Growth DCF ($0.7200). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $113M
Revenue growth (YoY) +109%
Net margin 32.7%
Return on equity 18.1%
Free cash flow $1.1M FY2025
P/E ratio 31.0
More key figures
Operating margin 49.5%
EPS (TTM) $0.2200
EPS growth (YoY) +126%
Net cash $95.5M FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 50 · Market factors (momentum, volatility) 43

Profitability 50
Margins and returns on capital today
Quality Growth 78
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 71
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Mexico. It explores for silver, gold, copper, and base metal deposits.

Full company description

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Mexico. It explores for silver, gold, copper, and base metal deposits. The company holds 100% interest in the Avino Mine area property covering an area of approximately 4,086.93 hectares comprising 42 mineral claims and leases 4 mineral claims, which is located in the state of Durango, Mexico. It also has an option to acquire 100% interest in the Ana Maria and El Laberinto properties located in Mexico. The company was formerly known as International Avino Mines Ltd. and changed its name to Avino Silver & Gold Mines Ltd. in August 1997. Avino Silver & Gold Mines Ltd. was incorporated in 1968 and is headquartered in Vancouver, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Avino Silver & Gold Mines Ltd reported revenue of $86.7M in FY2025 versus $11.2M in FY2021, a compound +66.7%/yr. Reported net income was $27.1M in FY2025.

Growth Quality 65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$86.7M
Latest YoY
+30.9%
Avg. growth/yr (3Y)
+25.2%
Avg. growth/yr (5Y)
+40.2%
Avg. growth/yr (28Y)
+29.0%
Revenue +66.7%/yr
FY21 $11.2M
FY22 $44.2M
FY23 $43.9M
FY24 $66.2M
FY25 $86.7M
Net income
FY21 −$2.1M
FY22 $3.1M
FY23 $542K
FY24 $8.1M
FY25 $27.1M

ASM screens 68% overvalued. Compare with Fresnillo plc →

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Cite: Fair Value Calculator (2026). "Avino Silver & Gold Mines Ltd Fair Value". https://www.fairvalue-calculator.com/stock/ASM

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Other Precious Metals & Mining · 102 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 47 · Above median
Fair Value upside −68% · Below median
Return on equity (TTM) 18% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 33% · Top 25%
Operating margin (TTM) 49% · Top 25%
Revenue growth 109% · Top 25%
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Other Precious Metals & Mining median · lower = cheaper

P/E (TTM) 31.0× · Pricier than 75% of peers
P/B 5.12× · Pricier than 75% of peers
P/S (TTM) 10.61× · Pricier than median
P/FCF 1,046.7× · Pricier than 75% of peers
EV/EBITDA 20.3× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 21
PAST 72 · sector 0
HEALTH 100 · sector 99
DIVIDEND 0 · sector 15

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Fresnillo plc FRES 579.75 MXN 558.30 MXN -4%
Hecla Mining Company HL $14.52 $8.15 -44%
Compañía de Minas Buenaventura S.A. BVN $29.82 $29.96 +0%
Sibanye Stillwater Limited SBSW $8.12 $9.90 +22%
China Gold International Resources Corp CGG C$24.78 C$18.48 -25%
Artemis Gold Inc ARTG C$32.98 C$21.86 -34%
Triple Flag Precious Metals Corp TFPM $28.10 $16.03 -43%
Sino-Platinum Metals Co 600459 ¥21.01 ¥13.23 -37%
Perpetua Resources Corp PPTA C$26.10 C$5.85 -78%
Zhaojin International Gold Co 000506 ¥13.15 ¥2.84 -78%

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Frequently asked questions

Is Avino Silver & Gold Mines Ltd (ASM) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of $2.24 versus a price of $6.88, about −68% (overvalued).
What is the fair value of ASM?
Our model-based fair value for Avino Silver & Gold Mines Ltd is $2.24 (as of Jul 14, 2026), built from audited fundamentals. The current price is $6.88.
What is the quality score of ASM?
Avino Silver & Gold Mines Ltd has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Avino Silver & Gold Mines Ltd (ASM)?
Avino Silver & Gold Mines Ltd reported trailing-twelve-month revenue of about $113M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of ASM?
The net profit margin of Avino Silver & Gold Mines Ltd is about 32.7%, meaning it keeps roughly 32.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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