Avino Silver (ASM) vs Vox Royalty Corp. (VOXR)

Avino Silver and Vox Royalty Corp. are both Other Precious Metals & Mining companies. Avino Silver is the larger, with a market value of $1.0B against $375.3M — 2.7× the size. Vox Royalty Corp. trades at the lower P/E: 7.7× against 21.2×. Vox Royalty Corp. grew revenue faster over the last twelve months: 209.8% against 47.9%. Vox Royalty Corp. has the higher net margin (144.3% vs 38.2%) and the lower return on invested capital (8.42% vs 21.8%). Across the 20 metrics below, Vox Royalty Corp. leads on 15 and Avino Silver on 5.

Valuation

Metric ASM VOXR Other Precious Metals & Mining median
P/E 21.21 7.74 18.01
P/S 8.57 11.24 7.00
P/B 3.57 2.46 2.46
Price to free cash flow 58.81 n/m 58.16
EV/EBITDA 15.38 12.59 12.47
EV/Sales 7.39 10.50 5.74
Earnings yield 4.71% 12.92% 2.75%
Free cash flow yield 1.70% (12.99%) 0.51%

Profitability

Metric ASM VOXR Other Precious Metals & Mining median
Gross margin 54.44% 66.24% 39.51%
Operating margin 42.31% 49.09% 25.20%
Net margin 38.18% 144.32% 5.02%
Free cash flow margin 14.58% 64.11% 2.55%
Return on equity 21.05% 49.39% 13.37%
Return on assets 18.09% 42.70% 3.84%
Return on invested capital 21.80% 8.42% 5.28%

Growth

Metric ASM VOXR Other Precious Metals & Mining median
Revenue growth (TTM) 47.93% 209.77% 54.39%
EPS growth (last fiscal year) 183.33% 433.33% —
Revenue growth, 5-year CAGR 41.91% 162.52% 20.68%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASM VOXR Other Precious Metals & Mining median
Debt to equity 0.02 0.00 0.00
Current ratio 5.85 7.50 5.20
Net debt to EBITDA (2.50) (0.17) 0.28

Dividend

Metric ASM VOXR Other Precious Metals & Mining median
Dividend yield — 2.38% 1.64%
Payout ratio 0.00 — 0.00

Size

Metric ASM VOXR Other Precious Metals & Mining median
Market cap 1.03b 375.27m 1.03b

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