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Endeavour Silver

EXK
36
Silver · Basic Materials
Price
$7.41
-0.08 (-1.07%)
Market Cap
$2.19B
Exchange
New York Stock Exchange
Winston Score
36
Winston is serious
Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+65.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 170.7M (2021) → 283.1M (2025)

Endeavour Silver Corp. is a Canadian mining company that digs silver and gold out of the ground in Mexico. It operates underground mines and sells the raw metal it produces to refiners and industrial buyers. Silver is used in electronics, solar panels, jewelry, and coins, making industrial demand a key driver for the company.

Endeavour earns money by selling silver and gold at whatever the market price happens to be on a given day, which means its revenue rises and falls with commodity prices. The company operates primarily in Mexico, with a market cap of around $2.4 billion, and is considered a mid-tier silver producer. Its new Terronera mine in Jalisco, Mexico is the main growth driver, expected to significantly increase production capacity — but the company currently has a negative return on invested capital, which signals that building out that mine is costly and profitability depends heavily on silver prices staying strong.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+230.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+276.9% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

0.2%ownership

Relatively low insider ownership

Cash Runway

~4 years

$249M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

$249M cash & investments at current burn rate

Revenue accelerating

Endeavour Silver grew revenue 230% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
44.5%
Healthy — 44.5% gross margin
Operating Margin
39.9%
Excellent — 39.9% operating margin
ROCE
9.4%
Below par — 9.4% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY
+179.8%
Fast-growing sales (179.8% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-14.1%
Burning cash (-14.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.38
Conservative — low debt load (0.38)
Interest Cover
5.65x
Adequate interest coverage (5.7x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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