Endeavour Silver Corporation Ordinary Shares (Canada) (EXK)

FairStock Score: 30/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable advantages and a margin of safety. Endeavour Silver is a precious-metals miner, which means it sells into volatile commodity markets and has little pricing power. In fiscal Q2 2026, revenue was $212.1 million and net income was $66.5 million, a 31.35% margin—genuinely impressive. The supplied revenue growth of 139.39% and profit growth of 424.39% suggest a strong operating upswing. The balance sheet is not stretched, with debt-to-equity of 0.35, an Altman Z-Score of 3.14, and ROE/ROCE near 10.5%/10.1%. But I am wary: trailing free cash flow is negative $37.5 million, a -1.3% FCF yield, so reported profits are not yet translating into owner cash. At the 2026-10-13 close, FairStock calculations put P/E at 41.20, P/B at 3.42, and Graham Number at $3.29, implying a -150.46% margin of safety. EV/EBITDA is 13.04, beta is 2.45, and the FairStock Score is 30/100. The PEG of 0.10 is only meaningful if that extraordinary growth persists; miners rarely compound like that through cycles. No Lynch category is assigned because only 0 years of filed results are available, needing 3. I see a cyclical, capital-intensive business with no real moat. The recent quarter is strong, but the price already assumes a lot. I would want positive free cash flow and a wider discount before calling it a Graham-style bargain.

In plain English: Endeavour Silver mines silver and gold, mostly in Mexico and other countries. The latest reported quarter was profitable, but the company is burning cash and the share price looks high compared with its profits and net assets. The business is showing strong recent growth, but it is a volatile commodity miner.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer