Friday 6 November 2026
Export SVM’s income statement to Excel — free account
Silvercorp Metals Inc.
Silvercorp Metals Inc.’s revenue for fiscal 2026 (year ended March 2026) was $438.1 million, up 46.6% from fiscal 2025.
- Revenue
- +70.5%
- EPS
- +237.5%
- Free cash flow
- −239.3%
- Total debt
- +6.20%
Quarter to June 2026, against a year earlier
8.41
0.23
−2.66%
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Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Jun ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 163 | 170 | 171 | 159 | 192 | 218 | 208 | 215 | 299 | 438 | 495 | +11.6% | 452 | 791 | 452 | +1.1% | |
| Gross margin, % | 53.95 | 51.68 | 41.60 | 37.38 | 43.81 | 38.68 | 34.01 | 37.45 | 41.34 | 57.91 | 61.08 | +4.0 pt | ||||||
| EBT | 75 | 78 | 73 | 54 | 74 | 57 | 35 | 70 | 105 | 80 | 137 | +0.8% | ||||||
| EBT margin, % | 45.72 | 45.76 | 42.76 | 34.07 | 38.26 | 26.19 | 16.89 | 32.51 | 35.12 | 18.35 | 27.59 | (27.4) pt | ||||||
| Net income | 55 | 59 | 52 | 45 | 61 | 43 | 21 | 50 | 79 | 33 | 83 | (5.6%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 0.98 | 1.01 | 1.01 | 0.93 | 1.10 | 1.23 | 1.18 | 1.22 | 1.47 | 2.00 | 2.24 | +8.3% | |||||
| Earnings | 0.26 | 0.28 | 0.24 | 0.20 | 0.27 | 0.17 | 0.12 | 0.21 | 0.29 | (0.05) | 0.15 | n/m | ||||||
| Cash flow | 0.46 | 0.40 | 0.42 | 0.45 | 0.49 | 0.61 | 0.48 | 0.52 | 0.68 | 1.42 | 1.47 | +13.2% | ||||||
| Capex | (0.21) | (0.16) | (0.20) | (0.17) | (0.25) | (0.31) | (0.31) | (0.35) | (0.42) | (0.59) | (0.89) | +11.9% | ||||||
| Free cash flow | 0.25 | 0.24 | 0.21 | 0.28 | 0.24 | 0.30 | 0.17 | 0.16 | 0.26 | 0.83 | 0.58 | +14.2% | ||||||
| Book value | 1.90 | 2.37 | 2.45 | 2.56 | 3.24 | 3.51 | 3.28 | 3.37 | 4.09 | 5.04 | 5.35 | +11.4% | ||||||
| Shares, m | 167 | 168 | 168 | 172 | 175 | 177 | 177 | 177 | 204 | 219 | 220 | +3.1% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 13.35 | 9.10 | 10.46 | 16.35 | 18.19 | 21.29 | 31.83 | 17.25 | 12.90 | 0.00 | 56.07 | 15.1 | |||||
| P/S | 3.55 | 2.61 | 2.48 | 3.54 | 4.47 | 2.93 | 3.25 | 2.84 | 2.64 | 5.38 | 3.75 | 3.4 | ||||||
| P/B | 1.82 | 1.11 | 1.02 | 1.28 | 1.52 | 1.03 | 1.17 | 1.02 | 0.95 | 2.13 | 1.57 | 1.3 | ||||||
| EV/Sales | 2.99 | 2.01 | 1.83 | 2.65 | 3.44 | 1.96 | 2.27 | 1.98 | 1.78 | 4.68 | 3.21 | 2.6 | ||||||
| EV/FCF | 11.70 | 8.36 | 8.65 | 8.75 | 15.89 | 8.01 | 15.30 | 14.74 | 10.11 | 11.32 | 12.48 | 11.3 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 77 | 68 | 70 | 77 | 86 | 107 | 86 | 92 | 139 | 311 | 324 | +16.7% | |||||
| Capex | (36) | (27) | (34) | (29) | (44) | (54) | (55) | (63) | (86) | (129) | (197) | +15.3% | ||||||
| Free cash flow | 42 | 41 | 36 | 48 | 42 | 53 | 31 | 29 | 53 | 181 | 127 | +17.7% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 71 | 90 | 97 | 130 | 184 | 186 | 178 | 155 | 310 | 319 | 293 | +18.2% | |||||
| Net debt | (96) | (106) | (111) | (140) | (197) | (212) | (203) | (184) | (257) | (304) | (269) | +13.6% | ||||||
| Shareholders’ equity | 318 | 398 | 413 | 439 | 566 | 620 | 580 | 597 | 833 | 1,106 | 1,183 | +14.9% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 11.34 | 10.74 | 8.14 | 6.77 | 7.96 | 4.45 | 2.94 | 5.26 | 6.32 | (0.76) | 2.30 | (12.1) pt | |||||
| ROIC | 20.68 | 16.14 | 14.48 | 10.92 | 12.17 | 9.57 | 5.59 | 9.67 | 11.19 | 6.40 | 9.52 | (14.3) pt | ||||||
| ROE | 14.45 | 13.12 | 9.79 | 8.04 | 9.23 | 5.17 | 3.43 | 6.17 | 8.14 | (1.03) | 3.07 | (15.5) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 974 | 1,190 | 1,207 | 1,196 | 1,289 | 1,010 | 1,099 | 1,111 | 1,190 | 1,367 | — | +3.8% | |||||
| Revenue/emp, $m | 0.17 | 0.14 | 0.14 | 0.13 | 0.15 | 0.22 | 0.19 | 0.19 | 0.25 | 0.32 | — | +7.5% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Mar 2026 · latest quarter Jun 2026
Silvercorp Metals Inc. vs peers in Silver (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| AG First Majestic Silver Corp. | $7.3B | 21.1× | 17.7× | +57.25% (above 0%: growing) | +100.00% (above 0%: growing) | +268.11% (above 0%: growing) | 65.47% | 47.54% | Compare |
| AYA Aya Gold & Silver Inc. | $3.5B | 30.9× | 19.9× | +150.66% (above 0%: growing) | +267.53% (above 0%: growing) | +739.10% (above 0%: growing) | 65.51% | 54.92% | Compare |
| SVM Silvercorp Metals Inc. | $1.8B | 56.1× | 11.9× | +70.49% (above 0%: growing) | +237.50% (above 0%: growing) | −239.33% (below 0%: shrinking) | 61.12% | 71.43% | |
| NEWP New Pacific Metals Corp. | $987.3M | — (loss-making) | — | — | n/m | −25.49% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| HSLV Highlander Silver Corp | $871.1M | 153× | — | — | n/m | — | 1.30% | (44.85%) | Compare |
| Median of peers | $2.3B | 30.9× | — | — | — | +268.11% | 33.39% | 23.77% |