WinstonWınston
Back
Silvercorp Metals logo

Silvercorp Metals

SVM
66
Silver · Basic Materials
Also trades as: SVM.TO · 0QZ2.L
Price
$12.53
-0.11 (-0.87%)
Market Cap
$2.77B
Exchange
New York Stock Exchange American
Winston Score
66
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Exceptional
Growth
Mixed
Cash Flow
Strong
Stability
Exceptional
Valuation
Good
Dividends
Weak

Share count rising — dilution

+23.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 178.3M (2022) → 219.4M (2026)

Winston Score History

The full picture

Silvercorp Metals is a mining company that digs silver, lead, and zinc out of the ground in China. It sells these metals to industrial buyers and smelters who use them to make things like batteries, electronics, and construction materials. Silvercorp is one of the few North American-listed silver mining companies that operates entirely in China.

The company makes money by selling the metals it mines, so its revenue rises and falls with commodity prices. Nearly all of its operations are in China's Henan and Guangdong provinces, and its low production costs give it a cost advantage over many peers — reflected in its unusually high gross margin above 57%. The biggest risk the company faces is that it operates in a single country with a different regulatory and political environment, which adds uncertainty that purely domestic miners do not carry.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+93.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+90.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

4.2%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~5 years

$531M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$531M cash & investments at current burn rate

Revenue accelerating

Silvercorp Metals grew revenue 93% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
60.9%
Premium pricing power — 60.9% gross margin
Profit after running costs
Operating Margin
56.5%
Excellent — 56.5% operating margin
Return on the money invested
ROCE
25.1%
Exceptional — 25.1% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+59.4%
Fast-growing sales (+59.4% YoY)
Profit growth
EPS YoY
-48.4%
Earnings shrinking (-48.4% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
1065%
Turns 1065% of profit into real cash
Spare cash per sale
FCF Margin
7.1%
Modest free cash flow (7.1%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.12
Conservative — low debt load (0.12)
Covers its interest
Interest Cover
23.41x
Comfortably covers interest (23.4x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
95.1x
Expensive — P/E 95.1

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
+88.6
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (95.1 → 6.5)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
0.27%
Small dividend — 0.27% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-1.0%
Dividend cut (-1.0% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial