Avino Z Score

ASM -  USA Stock  

USD 0.79  0.01  1.28%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please continue to Avino Silver Piotroski F Score and Avino Silver Valuation analysis.

Avino Z Score 

 
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Avino Silver Invested Capital is relatively stable at the moment as compared to the past year. The company's current value of Invested Capital is estimated at 67.73 Million. Invested Capital Average is expected to hike to about 69.8 M this year, although the value of Capital Expenditure will most likely fall to (2.2 M). Avino Silver Revenues is relatively stable at the moment as compared to the past year. The company's current value of Revenues is estimated at 22.72 Million. Selling General and Administrative Expense is expected to hike to about 3.5 M this year, although the value of Earning Before Interest and Taxes EBIT will most likely fall to (8.1 M).

Avino Z Score Analysis

Avino Silver's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Avino Silver Z Score

    
  45.0  
Most of Avino Silver's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Avino Silver Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Avino Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Avino Silver is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Avino Silver's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Avino Silver's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Avino Silver's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

In accordance with the company's disclosures, Avino Silver Gold has a Z Score of 45.0. This is much higher than that of the Basic Materials sector and significantly higher than that of the Other Precious Metals & Mining industry. The z score for all United States stocks is notably lower than that of the firm.

Avino Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Avino Silver's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Avino Silver could also be used in its relative valuation, which is a method of valuing Avino Silver by comparing valuation metrics of similar companies.
Avino Silver is currently under evaluation in z score category among related companies.

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

Avino Silver Institutional Holders

Institutional Holdings refers to the ownership stake in Avino Silver that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Avino Silver's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Avino Silver's value.
Security TypeSharesValue
Bard Associates IncCommon Shares921.7 K760 K
Wells Fargo CompanyCommon Shares615 K507 K
Renaissance Technologies LlcCommon Shares169.9 K140 K
Two Sigma Advisers LpCommon Shares132.2 K109 K
Virtu Financial LlcCommon Shares124 K102 K
Morgan StanleyCommon Shares95.6 K78 K
Sicart Associates LlcCommon Shares38.1 K31 K

Avino Fundamentals

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.

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.
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.

Current Sentiment - ASM

Avino Silver Gold Investor Sentiment

Greater number of Macroaxis users are presently bullish on Avino Silver Gold. What is your sentiment towards investing in Avino Silver Gold? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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
Run Pair Correlation  
Please continue to Avino Silver Piotroski F Score and Avino Silver Valuation 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 Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

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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.
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.