Avino Silver (ASM) vs Perpetua Resources Corp. (PPTA)

Avino Silver and Perpetua Resources Corp. are both Other Precious Metals & Mining companies. Perpetua Resources Corp. is the larger, with a market value of $2.9B against $1.0B — 2.8× the size. Perpetua Resources Corp. has negative trailing earnings, so its P/E is not meaningful; Avino Silver trades at 21.2×. Avino Silver has the higher net margin (38.2% vs 0.00%) and the higher return on invested capital (21.8% vs −111.4%). Across the 14 metrics below, Avino Silver leads on 12 and Perpetua Resources Corp. on 2.

Valuation

Metric ASM PPTA Other Precious Metals & Mining median
P/E 21.21 n/m 18.01
P/S 8.57 n/m 7.00
P/B 3.57 4.08 2.46
Price to free cash flow 58.81 n/m 58.16
EV/EBITDA 15.38 n/m 12.47
EV/Sales 7.39 n/m 5.74
Earnings yield 4.71% (8.60%) 2.75%
Free cash flow yield 1.70% (7.26%) 0.51%

Profitability

Metric ASM PPTA Other Precious Metals & Mining median
Gross margin 54.44% 0.00% 39.51%
Operating margin 42.31% 0.00% 25.20%
Net margin 38.18% 0.00% 5.02%
Free cash flow margin 14.58% 0.00% 2.55%
Return on equity 21.05% (37.79%) 13.37%
Return on assets 18.09% (35.98%) 3.84%
Return on invested capital 21.80% (111.37%) 5.28%

Growth

Metric ASM PPTA Other Precious Metals & Mining median
Revenue growth (TTM) 47.93% — 54.39%
EPS growth (last fiscal year) 183.33% (390.91%) —
Revenue growth, 5-year CAGR 41.91% — 20.68%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASM PPTA Other Precious Metals & Mining median
Debt to equity 0.02 0.00 0.00
Current ratio 5.85 12.34 5.20
Net debt to EBITDA (2.50) 5.59 0.28

Dividend

Metric ASM PPTA Other Precious Metals & Mining median
Dividend yield — — 1.64%
Payout ratio 0.00 0.00 0.00

Size

Metric ASM PPTA Other Precious Metals & Mining median
Market cap 1.03b 2.93b 1.03b

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