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Silvercorp Metals (SVM) USD

Silvercorp Metals Inc. acquires, explores, develops, and mines mineral properties in China, focusing on copper, silver, gold, lead, and zinc metals.

At a glance: strengths & risks
✓Revenue growing (+70% y/y, Q1 2026)✓Profit growing (+228% y/y, Q1 2026)✓Margins improving (49%→72%, Q1 2026)✓Net cash balance sheet

Sector: Silver mining

Geography: China, Canada

COMM_SVM

Price chart

12.48 USDDay -4.81%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
12.48 USD · -4.81%
Market cap
2.8 bn USD

Growth

Δ revenue y/y
70.5%
Δ EBITDA y/y
111.3%

Multiples

P/E (LTM)
87.7x
3y avg: 24.5x
P/B (FY)
3.9x
P/E (ann.)
11.6x
EV/EBITDA (LTM)
8.0x
3y avg: 6.9x
EV/EBITDA (ann.)
7.3x

Cash return

Dividend yield
0.1%
FCF yield (LTM)
0.2%

Value creation

to target market cap (spot commodity model)
Upside (potential)
-40.2%
↓ details

Liquidity

Daily turnover (listing)
24 mln USD

Shares: yahoo_fundamentals_timeseries/SVM

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)OK138.7
y/y 70.5%
75.4
y/y 144.9%
9.6
y/y 2.0%
85.1
y/y 111.3%
59.4
y/y 227.6%
61.7-93.11539.8
y/y 30.7%
986.8
y/y 35.9%
24.6%-269.4Yahoo Finance
2026-03-31Q1 2026 (3M)OK147.4
y/y —
92.2
y/y —
8.2
y/y —
100.4
y/y —
-0.7
y/y —
90.2-119.31464.2
y/y —
941.0
y/y —
-0.3%-304.8Yahoo Finance
2025-12-31Q4 2025 (3M)OK126.1
y/y 50.8%
68.8
y/y 74.9%
10.5
y/y 15.8%
79.3
y/y 63.8%
-15.8
y/y -1539.3%
132.9-4.71373.3
y/y 22.8%
710.6
y/y -14.8%
-3.0%-348.7Yahoo Finance
2025-09-30Q3 2025 (3M)OK82.4
y/y 21.2%
36.0
y/y 30.4%
8.7
y/y 19.2%
44.8
y/y 28.1%
-11.4
y/y -164.3%
38.7-27.51226.7
y/y 25.0%
718.1
y/y 2.0%
-6.3%41.7Yahoo Finance
2025-06-30Q2 2025 (3M)OK81.3
y/y 12.7%
30.8
y/y -9.0%
9.4
y/y 22.2%
40.2
y/y -3.2%
18.1
y/y -17.4%
48.3-25.81178.2
y/y 60.0%
726.0
y/y 38.5%
10.1%-264.5Yahoo Finance
2025-03-31Q1 2025 (3M)OK75.1
y/y 92.2%
2.4
y/y -76.2%
8.7
y/y 161.2%
11.1
y/y -16.5%
17.4
y/y 2535.2%
30.7-33.71138.9
y/y 62.1%
702.7
y/y 38.5%
7.6%-253.3Yahoo Finance
2024-12-31Q4 2024 (3M)OK83.6
y/y 42.9%
39.3
y/y 122.3%
9.1
y/y 12.3%
48.4
y/y 87.8%
1.1
y/y -89.5%
44.8-8.51118.2
y/y 55.5%
834.0
y/y 63.1%
0.2%-238.1Yahoo Finance
2024-09-30Q3 2024 (3M)OK68.0
y/y 26.0%
27.6
y/y 62.8%
7.3
y/y 5.7%
34.9
y/y 46.3%
17.7
y/y 60.2%
23.1-27.5981.5
y/y 44.3%
703.9
y/y 43.9%
11.5%-179.1Yahoo Finance
2024-06-30Q2 2024 (3M)OK72.2
y/y 13.5%
33.9
y/y 74.8%
7.7
y/y -27.2%
41.6
y/y 38.6%
21.9
y/y 55.8%
40.0-16.4736.1
y/y 4.2%
524.2
y/y 5.9%
17.0%-62.4Yahoo Finance
2024-03-31Q1 2024 (3M)OK39.1
y/y —
9.9
y/y —
3.3
y/y —
13.2
y/y —
0.7
y/y —
-1.1-13.2702.8
y/y 3.8%
507.3
y/y 3.7%
7.1%-152.9Yahoo Finance
2023-12-31Q4 2023 (3M)OK58.5
y/y —
17.7
y/y —
8.1
y/y —
25.8
y/y —
10.5
y/y —
23.6-16.8719.1
y/y —
511.2
y/y —
2.8%-142.9Yahoo Finance
2023-09-30Q3 2023 (3M)OK54.0
y/y —
17.0
y/y —
6.9
y/y —
23.9
y/y —
11.1
y/y —
28.8-15.4680.4
y/y —
489.2
y/y —
9.0%-118.6Yahoo Finance
2023-06-30Q2 2023 (3M)OK63.6
y/y —
19.4
y/y —
10.6
y/y —
30.0
y/y —
14.1
y/y —
40.2-18.1706.6
y/y —
495.2
y/y —
11.4%-149.2Yahoo Finance
2023-03-31FY 2023 (12M)OK208.1
y/y —
33.7
y/y —
29.4
y/y —
63.1
y/y —
20.6
y/y —
85.6-55.0676.8
y/y —
489.1
y/y —
—-145.7Yahoo Finance

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)0
Long-term debt (incl. LT leases)117
− Cash & equivalents387
Net debt-269

Net debt / LTM EBITDA: -0.9x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

0501001502024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-100%0%100%200%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

-100-500501002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

-400-300-200-10002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2021–2025 operating cash flow came to 2.52x of reported net profit; after capex, 0.90x.
year20212022202320242025
cash flow / profit1.85x3.50x4.16x2.52x2.38x
accruals, % of assets-6.1%-10.6%-9.6%-7.9%-7.1%
Last twelve months (to 2026-06-30): 10.29x of profit came back as operating cash flow.
net debt / EBITDA -1.9x · capex 2.3x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Silver

Annual production
12.97 mln ounces
2025

Production, mln ounces

8.9020206.9020219.27202211.7720238.52202412.972025

Production

YearProduction, mln ouncesper day, mln ounces
20263.30 * (6M)
−15.4%		0.02
202512.97
+52.3%		0.04
20248.52
−27.7%		0.02
202311.77
+27.0%		0.03
20229.27
+34.4%		0.03
20216.90
−22.4%		0.02
20208.900.02
20192.10 * (6M)0.01

* partial year

EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)

Key-commodity price — Silver

Current 66spot vs LTM +5%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -40.2% ▼ -0.1 pp 1d

Main driver: Silver +6% vs LTM; revenue ×1.05 vs costs ×1.04; EBITDA 324→261; at 5.7× EV/EBITDA → -40%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Silver (rev)+70%66.1362.3043.31+6%-30%
Gold (rev)+30%4 405.084 242.243 294.10+4%-22%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue495
LTM EBITDA324
LTM cash costs (revenue − EBITDA)170
2 · Revenue projection
Revenue multiplier — spot×1.055 (+5%)
= Spot revenue522
Revenue multiplier — 3y price×0.720 (-28%)
= 3-year-price revenue356
3 · Costs projection
Cost multiplier — spot×1.040 (+4%)
= Spot cash costs177
Cost multiplier — 3y price×1.040 (+4%)
= 3-year-price cash costs177
4 · EBITDA projection (revenue − costs)
= Spot EBITDA344
= 3-year-price EBITDA179
Conservative EBITDA = min(spot, avg)261
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)5.7x
Target EV = EV/EBITDA × conservative EBITDA1 477
Net debt-269
Target market cap = EV − net debt1 761
Current market cap2 945

Upside = target market cap ÷ current − 1 = -40.2%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q25455-2.5%2417+40.8%
2023 Q35954+9.1%2616+62.0%
2024 Q44353-19.6%1716+9.2%
2024 Q17266+9.8%4235+20.5%
2024 Q26868+0.3%3537-6.5%
2024 Q38472+15.6%4941+18.8%
2025 Q47577-2.5%2945-36.4%
2025 Q18186-5.5%4049-17.9%
2025 Q28296-13.9%4556-20.0%
2025 Q3126123+2.5%7982-3.5%
2026 Q4147169-13.1%100125-20.0%
2026 Q1139145-4.3%100101-1.0%

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +39% vs +3% the year before — a +35.5 pp move. 3-year CAGR +11%.
revenue growth by year: 2023 -4% · 2024 +3% · 2025 +39%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 6.7x · target 75th pct (3y) 5.7x · LTM avg 8.1x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-06-050.013 USDEx-dividend: 0.013 USD per sharePaidYahoo Finance (ex-div)
2025-06-060.013 USDEx-dividend: 0.013 USD per sharePaidYahoo Finance (ex-div)
2024-11-290.013 USDEx-dividend: 0.013 USD per sharePaidYahoo Finance (ex-div)
2024-06-070.013 USDEx-dividend: 0.013 USD per sharePaidYahoo Finance (ex-div)
2023-11-240.013 USDEx-dividend: 0.013 USD per sharePaidYahoo Finance (ex-div)
2023-06-090.013 USDEx-dividend: 0.013 USD per sharePaidYahoo Finance (ex-div)
2022-11-250.013 USDEx-dividend: 0.013 USD per sharePaidYahoo Finance (ex-div)
2022-06-030.013 USDEx-dividend: 0.013 USD per sharePaidYahoo Finance (ex-div)
2021-11-230.013 USDEx-dividend: 0.013 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Silvercorp Metals (SVM) — from primary filings.

Frequently asked questions

What is Silvercorp Metals (SVM)'s P/E ratio?
Silvercorp Metals (SVM) trades at a P/E of 87.7x (price to trailing 12-month earnings).
What is Silvercorp Metals (SVM)'s EV/EBITDA?
Silvercorp Metals (SVM) trades at 8.0x EV/EBITDA.
What is Silvercorp Metals (SVM)'s P/B ratio?
Silvercorp Metals (SVM) trades at a P/B of 3.9x.
What is Silvercorp Metals (SVM)'s dividend yield?
Silvercorp Metals (SVM)'s trailing 12-month dividend yield is 0.1%.
What is Silvercorp Metals (SVM)'s return on equity (ROE)?
Silvercorp Metals (SVM)'s ROE is 24.6%.
What is Silvercorp Metals (SVM)'s market capitalization?
Silvercorp Metals (SVM)'s market cap is 2.8 bn USD.

See also: The Cheapest Metals & Mining Stocks (2026): Copper, Steel, Silver by Valuation · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map