# Santacruz Silver Mining Ltd. (SCZ.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Basic Materials / Mining & Metals. Price C$9.46, market value C$880 million.

## Valuation
- **P/E (trailing): 16.3×** (5-yr avg 14.7×, 3-yr avg 14.7×). Santacruz Silver Mining Ltd. trades at 16.3× trailing earnings, close to its own five-year average of 14.7×. The Basic Materials median in the September 2026 study was 19.0×.
- **Price / sales: 2.1×**. Each dollar of revenue is priced at 2.1×.
- **Price / book: 2.9×**. The shares trade at 2.9× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.4×**. Enterprise value is 6.4× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 3.3%** (5-yr avg 13.5%). Free cash flow equals 3.3% of the market value, below its five-year average of 13.5%, so the shares are pricier on cash than usual.
- **Earnings yield: 6.1%**. The inverse of the P/E: 6.1% of the price is earned each year.

## Profitability
- **Gross margin: 35.5%**. Santacruz Silver Mining Ltd. keeps 35.5% of revenue after the direct cost of what it sells.
- **Operating margin: 28.0%**. 28.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 12.9%**. 12.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 23.6%**. 23.6% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 34.9%**. Return on all capital, debt included, is 34.9%: comfortably above what that capital costs.
- **Return on assets: 9.5%**. Each dollar of assets produces 9.5% of profit.

## Growth
- **Revenue growth (1 yr): 15.3%** (3-yr 5.4%/yr). Revenue grew 15.3% over the last year.
- **EPS growth (1 yr): -75.1%**. Earnings per share fell 75.1%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 52.8%/yr**. Free cash flow has compounded at 52.8% a year over three years.

## Financial health
- **Debt to equity: 0.29**. Debt is 0.29 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Santacruz Silver Mining Ltd. holds more cash than debt.
- **Interest coverage: 30.3×**. Operating profit covers interest 30.3× over, a safe margin.
- **Current ratio: 1.41** (quick 1.04). Current assets cover the next year's liabilities 1.41 times.
- **Altman Z-score: 4.05**. A Z-score of 4.05 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Santacruz Silver Mining Ltd. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 11.5%** (YTD -28.9%, 3-mo 4.3%). The shares are up 11.5% over twelve months including dividends.
- **From 52-week high: -60.4%** (37.5% above the low). Trading 60% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 33**. An RSI of 33 is neutral.
- **Beta (1 yr): 4.04** (volatility 91%). Beta of 4.04 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SCZ.TO · Page: https://foliofundamentals.com/stocks/scz.to

Not investment advice.