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Endeavour Silver Corp (EXK) Fair Value & Analysis

Basic Materials · US · Market cap $2.4B

ES Endeavour Silver Corp logo Endeavour Silver Corp EXK · US
Price$10.31
Fair Value$1.05
Upside-89.8%
Quality22/100
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Mixed Growth
Loss-making · -3.5% net margin
Low debt · negative free cash flow
Trails peers (3/11)
Narrow moat 33/100
Evidence: Low Range $0.7735 – $1.34 Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated yesterday

Share price +27.6% over the past month.

Below-average quality, and screening another 90% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($1.34). The favourable scenario is already priced in.
  • Weak quality (22/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

$14.12 $1.45 Fair Value $1.05 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $1.45 – $14.12 · fair‑value band $0.7735 – $1.34 · the $10.31 price screens above the $1.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Endeavour Silver Corp (EXK) currently trades at $10.31, while our model-based Fair Value estimate is $1.05, implying the stock looks roughly 89.8% overvalued today. The Quality Score stands at 22/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Endeavour Silver Corp generated revenue of $614M at a net margin of -3.5%. Revenue grew 230.2% year over year. It earns a return on equity of -3.9%. Net debt stands at $28.4M. Fundamentals as of Aug 13, 2026

Our scenario range runs from $0.7735 (bear case) to $1.34 (bull case); at $10.31, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 139% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -70% fair-value upside, at -90%, EXK screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
ROIC Compounder $0.3700 $0.4300 $0.4900 72
EPV $0.3700 $0.4300 $0.4900 59
EV/EBITDA $2.52 $3.38 $4.24 54
All 6 models by family
Earnings-Based
EPV $0.3700 $0.4300 $0.4900 59
Multiples
EV/EBIT $0.9400 $1.27 $1.60 53
EV/EBITDA $2.52 $3.38 $4.24 54
EV/Revenue $0.8000 $1.17 $1.55 43
Asset-Based
NCAV (Graham) $0.9800 $1.31 $1.95 50
Economic Profit
ROIC Compounder $0.3700 $0.4300 $0.4900 72

Widest divergence: Asset-Based ($1.31) versus Earnings-Based ($0.4300). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) $614M
Revenue growth (YoY) +230%
Net margin -3.5%
Return on equity -3.9%
Free cash flow −$117M FY2025
Operating margin 39.9%
More key figures
EPS (TTM) $-0.0600
EPS growth (YoY) -58.6%
Net debt $28.4M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 22/100

Of which business quality 26 · Market factors (momentum, volatility) 41

Profitability 6
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico, Chile, Peru, and the United States. It primarily explores for gold and silver deposits, and precious metals, as well as polymetals.

Full company description

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico, Chile, Peru, and the United States. It primarily explores for gold and silver deposits, and precious metals, as well as polymetals. The company was formerly known as Endeavour Gold Corp. and changed its name to Endeavour Silver Corp. in September 2004. Endeavour Silver Corp. was incorporated in 1981 and is headquartered in Vancouver, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Endeavour Silver Corp reported revenue of $468M in FY2025 versus $165M in FY2021, a compound +29.7%/yr. Reported net income was −$121M in FY2025.

Growth Quality 29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$468M
Latest YoY
+115.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+30.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.6%
Avg. growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+126.1%
Revenue +29.7%/yr
FY21 $165M
FY22 $210M
FY23 $205M
FY24 $218M
FY25 $468M
Net income
FY21 $14.0M
FY22 $6.2M
FY23 $6.1M
FY24 −$31.5M
FY25 −$121M

EXK screens 90% overvalued. Compare with First Majestic Silver Corp →

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Cite: Fair Value Calculator (2026). "Endeavour Silver Corp Fair Value". https://www.fairvalue-calculator.com/stock/EXK

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Materials · 3518 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Silver” was too small, so the broader sector is used.)

Quality Score 22 · Bottom 25%
Fair Value upside −90% · Bottom 25%
Return on assets 7% · Top 25%
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) 40% · Top 25%
Revenue growth 230% · Top 25%
Debt / equity 0.41× · Higher than 75% of peers

Valuation Multiples vs Materials median · lower = cheaper

P/B 4.14× · Pricier than 75% of peers
P/S (TTM) 3.90× · Pricier than 75% of peers
EV/EBITDA 11.8× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 3
FUTURE 100 · sector 7
PAST 0 · sector 11
HEALTH 80 · sector 95
DIVIDEND 0 · sector 28

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Silver stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
First Majestic Silver Corp AG $19.16 $5.78 -70%
Aya Gold & Silver Inc AYA C$39.09 C$5.40 -86%
Silvercorp Metals Inc SVM $12.10 $13.32 +10%
Andean Precious Metals Corp APM C$6.90 C$8.94 +30%
Apollo Silver Corp APGO C$3.19 C$0.5200 -84%
Sotkamo Silver AB SOSI1 €0.4290 €0.1700 -60%
Minaurum Silver Inc MGG C$0.2900 C$0.0400 -86%
Argenta Silver Corp AGAG C$0.5400 C$0.0600 -89%
Excellon Resources Inc EXN C$0.3900 C$0.0500 -87%
BHP Group BHPN 1,425 MXN 745.46 MXN -48%

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Frequently asked questions

Is Endeavour Silver Corp (EXK) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $1.05 versus a price of $10.31, about −90% (overvalued).
What is the fair value of EXK?
Our model-based fair value for Endeavour Silver Corp is $1.05 (as of Aug 13, 2026), built from audited fundamentals. The current price is $10.31.
What is the quality score of EXK?
Endeavour Silver Corp has a Quality Score of 22/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Endeavour Silver Corp (EXK)?
Endeavour Silver Corp reported trailing-twelve-month revenue of about $614M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of EXK?
The net profit margin of Endeavour Silver Corp is about -3.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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