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. In the quarter to June 2026, revenue grew 70.5%, EPS grew 237.5%, free cash flow fell 239.3% and total debt rose 6.20%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for three.
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Silvercorp Metals Inc. (SVM) Altman Z-score
Silvercorp Metals Inc.'s Altman Z-score for fiscal 2026 is 5.03, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 5.03 | 2.18 |
| FY2025 | 2.85 | (1.85) |
| FY2024 | 4.70 | (0.73) |
| FY2023 | 5.43 | 0.42 |
| FY2022 | 5.02 | (2.31) |
| FY2021 | 7.33 | 1.41 |
| FY2020 | 5.91 | 1.55 |
| FY2019 | 4.37 | (0.43) |
| FY2018 | 4.80 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.22 | — | 0.26 | |
| Retained earnings / total assets | 0.19 | — | 0.27 | |
| EBIT / total assets | 0.08 | — | 0.26 | |
| Market value of equity / total liabilities | 6.57 | — | 3.94 | |
| Sales / total assets | 0.30 | — | 0.30 | |
| Altman Z-score | Safe zone | 5.03 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.82 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| DRD DRDGOLD Limited compare | 6.4× |
| SVM Silvercorp Metals Inc. | 5.0× |
| IOSP Innospec Inc. compare | 4.8× |
| AMR Alpha Metallurgical Resources, Inc. compare | 4.6× |
| WS Worthington Steel, Inc. compare | 3.0× |
| KALU Kaiser Aluminum Corporation compare | 2.7× |
| MTX Minerals Technologies Inc. compare | 2.5× |
| CC The Chemours Company compare | 1.4× |
| PPTA Perpetua Resources Corp. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets