Avino Piotroski F Score

ASM -  USA Stock  

USD 0.74  0.03  3.90%

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 Piotroski F Score 

 
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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 3.62 Million. Debt Current is expected to hike to about 3.7 M this year, although the value of Issuance Repayment of Debt Securities will most likely fall to (3.9 M). Avino Silver Tangible Assets Book Value per Share are relatively stable at the moment as compared to the past year. The company's current value of Tangible Assets Book Value per Share is estimated at 1.36
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 Assets
Negative
2
Change in Return on Assets
Decreased
3
Cash Flow Return on Assets
Positive
4
Current Quality of Earnings (accrual)
Improving
5
Asset Turnover Growth
Increase
6
Current Ratio Change
Decrease
7
Long Term Debt Over Assets Change
Higher Leverage
8
Change In Outstending Shares
Decrease
9
Change in Gross Margin
Increase

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 Shares76.7 M95.7 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted77.1 M95.7 M
Significantly Down
Increasing
Slightly volatile
Net Cash Flow from Operations85 K82.8 K
Fairly Up
Increasing
Stable
Total Assets79.7 M79.1 M
Slightly Up
Increasing
Slightly volatile
Total Liabilities16.8 M11.2 M
Way Up
Increasing
Slightly volatile
Current Assets22.1 M22.7 M
Fairly Down
Increasing
Slightly volatile
Current Liabilities6.9 M5.8 M
Fairly Up
Increasing
Slightly volatile
Total Debt3.6 M3.5 M
Fairly Up
Increasing
Slightly volatile
Return on Average Assets(0.1)(0.099)
Fairly Down
Decreasing
Stable
Gross Margin0.01110.0108
Fairly Up
Decreasing
Slightly volatile
Asset Turnover0.240.21
Fairly Up
Increasing
Stable

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

76.69 MillionShare
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 76.69 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 M80.16 M81.71 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA8.26 M5.84 M(28.22 M)(6.91 M)(6.22 M)(6.38 M)
Earnings Before Interest Taxes and Depreciation Amortization USD6.49 M4.33 M(21.54 M)(5.42 M)(4.87 M)(5 M)
Earnings before Tax5.29 M2.03 M(32.09 M)(9.06 M)(8.15 M)(8.37 M)
Average Equity66.03 M73.25 M72.45 M56.93 M65.47 M62.48 M
Enterprise Value76.92 M34.4 M48.52 M109.98 M126.48 M136.46 M
Free Cash Flow(14.3 M)(5.55 M)(3.49 M)(2.17 M)(2.5 M)(2.7 M)
Invested Capital101.49 M105.14 M60.7 M55.12 M63.38 M67.73 M
Invested Capital Average96.28 M100.43 M94.96 M57.44 M66.05 M69.84 M
Market Capitalization70.26 M32.16 M44.2 M116.44 M133.91 M144.48 M
Tangible Asset Value102.83 M108.59 M72.57 M68.78 M79.1 M79.74 M
Working Capital16.4 M13.11 M13.21 M14.68 M16.88 M15.18 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 NYSEMKT Exchange.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Avino Silver without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Piotroski F Score

Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
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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.

Avino Silver Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Avino Silver and First Majestic Silver. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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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. Note that the Avino Silver Gold information on this page should be used as a complementary analysis to other Avino Silver's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Avino Stock analysis

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.
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.