Avino Piotroski F Score

ASM
 Stock
  

USD 0.67  0.04  5.63%   

This module uses fundamental data of Avino Silver to approximate its Piotroski F score. Avino Silver F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Avino Silver Gold. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Avino Silver financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please continue to Avino Silver Altman Z Score, Avino Silver Correlation, Avino Silver Valuation, as well as analyze Avino Silver Alpha and Beta and Avino Silver Hype Analysis.
  
Avino Silver Total Debt is relatively stable at the moment as compared to the past year. The company's current value of Total Debt is estimated at 1.1 Million. Debt Current is expected to hike to about 399.2 K this year, although the value of Issuance Repayment of Debt Securities will most likely fall to (3.1 M). Avino Silver EBITDA Margin is relatively stable at the moment as compared to the past year. The company's current value of EBITDA Margin is estimated at 0.06. Enterprise Value over EBITDA is expected to hike to 170.51 this year, although the value of Earnings per Diluted Share will most likely fall to (0.0216) .
At this time, it appears that Avino Silver's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
1
Current Return On AssetsNegativeFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Avino Silver Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Avino Silver is to make sure Avino is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Avino Silver's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Avino Silver's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted82.3 M100.2 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares81.9 M100.2 M
Significantly Down
Increasing
Slightly volatile
Return on Average Assets(0.0259)(0.024)
Significantly Down
Increasing
Very volatile
Net Cash Flow from Operations111.9 K109 K
Fairly Up
Increasing
Stable
Current Liabilities5.8 M3.8 M
Way Up
Increasing
Slightly volatile
Total LiabilitiesM7.8 M
Fairly Up
Increasing
Stable
Gross Margin0.280.316
Fairly Down
Decreasing
Slightly volatile
Total Debt1.1 M1.1 M
Fairly Up
Increasing
Stable
Asset Turnover0.190.134
Significantly Up
Increasing
Stable
Current Assets29.8 M35.5 M
Fairly Down
Increasing
Slightly volatile
Total Assets84.6 M86.3 M
Fairly Down
Increasing
Slightly volatile

Avino Silver Gold F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Avino Silver's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Avino Silver in a much-optimized way.

About Avino Silver Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Weighted Average Shares

81.94 Million

Avino Silver Weighted Average Shares is relatively stable at the moment as compared to the past year. The company's current value of Weighted Average Shares is estimated at 81.94 Million

Avino Silver Current Valuation Drivers

We derive many important indicators used in calculating different scores of Avino Silver from analyzing Avino Silver's financial statements. These drivers represent accounts that assess Avino Silver's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Avino Silver's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets100.05 M108.38 M101.3 M69.7 M83.99 M84.55 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA8.26 M5.84 M(28.22 M)(6.91 M)574 K619.32 K
Earnings Before Interest Taxes and Depreciation Amortization USD6.49 M4.33 M(21.54 M)(5.42 M)448.44 K483.84 K
Earnings before Tax5.29 M2.03 M(32.09 M)(9.06 M)(1.62 M)(1.75 M)
Average Equity66.03 M73.25 M72.45 M56.93 M77.04 M70.07 M
Enterprise Value76.9 M34.4 M48.52 M109.98 M70.87 M66.68 M
Free Cash Flow(14.3 M)(5.55 M)(3.04 M)(2.17 M)(3.1 M)(3.34 M)
Invested Capital101.49 M105.14 M60.7 M55.12 M58.74 M65.25 M
Invested Capital Average96.28 M100.43 M94.96 M57.44 M56.35 M64.51 M
Market Capitalization70.26 M32.16 M44.2 M116.44 M88.03 M77.22 M
Tangible Asset Value102.83 M108.59 M72.57 M68.78 M86.28 M84.6 M
Working Capital16.4 M13.11 M13.21 M14.68 M31.64 M34.13 M

About Avino Silver Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Avino Silver Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Avino Silver using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Avino Silver Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Avino Silver Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. The company was incorporated in 1968 and is headquartered in Vancouver, Canada. Avino Silver operates under Other Precious Metals Mining classification in the United States and is traded on AMEX Exchange.

Avino Silver Investors Sentiment

The influence of Avino Silver's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Avino. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Avino Silver's public news can be used to forecast risks associated with investment in Avino. The trend in average sentiment can be used to explain how an investor holding Avino can time the market purely based on public headlines and social activities around Avino Silver Gold. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Avino Silver's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Avino Silver's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Avino Silver's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Avino Silver.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Avino Silver in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Avino Silver's short interest history, or implied volatility extrapolated from Avino Silver options trading.

Pair Trading with Avino Silver

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avino Silver position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avino Silver will appreciate offsetting losses from the drop in the long position's value.

Moving together with Avino Silver

+0.83BCPCBalchem Downward RallyPairCorr
The ability to find closely correlated positions to Avino Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avino Silver when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avino Silver - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avino Silver Gold to buy it.
The correlation of Avino Silver is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avino Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avino Silver Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Avino Silver can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Avino Silver Altman Z Score, Avino Silver Correlation, Avino Silver Valuation, as well as analyze Avino Silver Alpha and Beta and Avino Silver Hype Analysis. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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When running Avino Silver Gold price analysis, check to measure Avino Silver's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avino Silver is operating at the current time. Most of Avino Silver's value examination focuses on studying past and present price action to predict the probability of Avino Silver's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Avino Silver's price. Additionally, you may evaluate how the addition of Avino Silver to your portfolios can decrease your overall portfolio volatility.
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Is Avino Silver's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avino Silver. If investors know Avino will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avino Silver listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
83.9 M
Quarterly Revenue Growth YOY
3.85
Return On Assets
0.0558
Return On Equity
0.0514
The market value of Avino Silver Gold is measured differently than its book value, which is the value of Avino that is recorded on the company's balance sheet. Investors also form their own opinion of Avino Silver's value that differs from its market value or its book value, called intrinsic value, which is Avino Silver's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avino Silver's market value can be influenced by many factors that don't directly affect Avino Silver's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avino Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine Avino Silver value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avino Silver's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.