PAN AMERICAN SILVER CORP (PAAS.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:PAAS - CA6979001089 - Common Stock
71.13 CAD
+2.24 (+3.25%)
Overall PAAS gets a fundamental rating of 7 out of 10. We evaluated PAAS against 801 industry peers in the Metals & Mining industry. PAAS has an excellent profitability rating, but there are some minor concerns on its financial health. PAAS is evaluated to be cheap and growing strongly. This does not happen too often! With these ratings, PAAS could be worth investigating further for value and growth investing!.
1. Profitability
1.1 Basic Checks
PAAS had positive earnings in the past year.
In the past year PAAS had a positive cash flow from operations.
In multiple years PAAS reported negative net income over the last 5 years.
Each year in the past 5 years PAAS had a positive operating cash flow.
1.2 Ratios
PAAS has a Return On Assets of 6.93%. This is amongst the best in the industry. PAAS outperforms 90.26% of its industry peers.
With an excellent Return On Equity value of 9.58%, PAAS belongs to the best of the industry, outperforming 90.39% of the companies in the same industry.
PAAS has a Return On Invested Capital of 7.04%. This is amongst the best in the industry. PAAS outperforms 91.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.93% | ||
| ROE | 9.58% | ||
| ROIC | 7.04% |
ROA(3y)-3.47%
ROA(5y)-0.49%
ROE(3y)-5.12%
ROE(5y)-0.97%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
PAAS's Profit Margin of 19.48% is amongst the best of the industry. PAAS outperforms 93.63% of its industry peers.
In the last couple of years the Profit Margin of PAAS has declined.
PAAS has a better Operating Margin (25.17%) than 93.38% of its industry peers.
PAAS's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 31.40%, PAAS belongs to the best of the industry, outperforming 90.89% of the companies in the same industry.
PAAS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.17% | ||
| PM (TTM) | 19.48% | ||
| GM | 31.4% |
OM growth 3Y-8.68%
OM growth 5Y3.06%
PM growth 3Y-12.81%
PM growth 5Y-13.56%
GM growth 3Y-4.78%
GM growth 5Y2.77%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PAAS is destroying value.
Compared to 1 year ago, PAAS has less shares outstanding
Compared to 5 years ago, PAAS has more shares outstanding
Compared to 1 year ago, PAAS has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.66 indicates that PAAS is not in any danger for bankruptcy at the moment.
PAAS has a Altman-Z score (5.66) which is comparable to the rest of the industry.
PAAS has a debt to FCF ratio of 1.15. This is a very positive value and a sign of high solvency as it would only need 1.15 years to pay back of all of its debts.
PAAS has a better Debt to FCF ratio (1.15) than 93.26% of its industry peers.
PAAS has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.12, PAAS is not doing good in the industry: 65.67% of the companies in the same industry are doing better.
Even though the debt/equity ratio score it not favorable for PAAS, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.15 | ||
| Altman-Z | 5.66 |
ROIC/WACC0.77
WACC9.1%
2.3 Liquidity
A Current Ratio of 2.31 indicates that PAAS has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.31, PAAS is in line with its industry, outperforming 52.43% of the companies in the same industry.
PAAS has a Quick Ratio of 1.55. This is a normal value and indicates that PAAS is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of PAAS (1.55) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.31 | ||
| Quick Ratio | 1.55 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 320.00% over the past year.
Measured over the past 5 years, PAAS shows a small growth in Earnings Per Share. The EPS has been growing by 0.51% on average per year.
PAAS shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.75%.
Measured over the past years, PAAS shows a quite strong growth in Revenue. The Revenue has been growing by 15.85% on average per year.
EPS 1Y (TTM)320%
EPS 3Y0.86%
EPS 5Y0.51%
EPS Q2Q%50%
Revenue 1Y (TTM)21.75%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%42.1%
3.2 Future
Based on estimates for the next years, PAAS will show a very strong growth in Earnings Per Share. The EPS will grow by 21.25% on average per year.
PAAS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.31% yearly.
EPS Next Y180.18%
EPS Next 2Y109.06%
EPS Next 3Y65.96%
EPS Next 5Y21.25%
Revenue Next Year24.67%
Revenue Next 2Y22.83%
Revenue Next 3Y15.71%
Revenue Next 5Y10.31%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 30.66, the valuation of PAAS can be described as expensive.
89.26% of the companies in the same industry are more expensive than PAAS, based on the Price/Earnings ratio.
PAAS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.38, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 14.94, PAAS is valued correctly.
Based on the Price/Forward Earnings ratio, PAAS is valued cheaper than 91.01% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PAAS to the average of the S&P500 Index (23.83), we can say PAAS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.66 | ||
| Fwd PE | 14.94 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAAS is valued cheaply inside the industry as 91.51% of the companies are valued more expensively.
PAAS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PAAS is cheaper than 94.01% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.17 | ||
| EV/EBITDA | 15.32 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PAAS has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as PAAS's earnings are expected to grow with 65.96% in the coming years.
PEG (NY)0.17
PEG (5Y)59.63
EPS Next 2Y109.06%
EPS Next 3Y65.96%
5. Dividend
5.1 Amount
PAAS has a yearly dividend return of 0.84%, which is pretty low.
Compared to an average industry Dividend Yield of 0.69, PAAS pays a better dividend. On top of this PAAS pays more dividend than 96.63% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.87, PAAS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.84% |
5.2 History
On average, the dividend of PAAS grows each year by 19.86%, which is quite nice.
PAAS has paid a dividend for at least 10 years, which is a reliable track record.
PAAS has decreased its dividend recently.
Dividend Growth(5Y)19.86%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
PAAS pays out 23.99% of its income as dividend. This is a sustainable payout ratio.
PAAS's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP23.99%
EPS Next 2Y109.06%
EPS Next 3Y65.96%
TSX:PAAS (12/19/2025, 7:00:00 PM)
71.13
+2.24 (+3.25%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners55.31%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap30.02B
Revenue(TTM)3.25B
Net Income(TTM)634.10M
Analysts80
Price Target53.29 (-25.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.84% |
Yearly Dividend0.55
Dividend Growth(5Y)19.86%
DP23.99%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.84%
Min EPS beat(2)6.95%
Max EPS beat(2)24.72%
EPS beat(4)3
Avg EPS beat(4)39.34%
Min EPS beat(4)-3.07%
Max EPS beat(4)128.76%
EPS beat(8)5
Avg EPS beat(8)22.3%
EPS beat(12)6
Avg EPS beat(12)9.51%
EPS beat(16)7
Avg EPS beat(16)1.18%
Revenue beat(2)1
Avg Revenue beat(2)4.97%
Min Revenue beat(2)-3.7%
Max Revenue beat(2)13.63%
Revenue beat(4)2
Avg Revenue beat(4)5.02%
Min Revenue beat(4)-3.7%
Max Revenue beat(4)13.63%
Revenue beat(8)2
Avg Revenue beat(8)-0.95%
Revenue beat(12)3
Avg Revenue beat(12)-1.57%
Revenue beat(16)3
Avg Revenue beat(16)-3.46%
PT rev (1m)18.08%
PT rev (3m)29.11%
EPS NQ rev (1m)52.15%
EPS NQ rev (3m)52.15%
EPS NY rev (1m)11.45%
EPS NY rev (3m)22.37%
Revenue NQ rev (1m)40.13%
Revenue NQ rev (3m)40.13%
Revenue NY rev (1m)4.73%
Revenue NY rev (3m)9.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.66 | ||
| Fwd PE | 14.94 | ||
| P/S | 6.69 | ||
| P/FCF | 29.17 | ||
| P/OCF | 20.71 | ||
| P/B | 3.29 | ||
| P/tB | 3.29 | ||
| EV/EBITDA | 15.32 |
EPS(TTM)2.32
EY3.26%
EPS(NY)4.76
Fwd EY6.69%
FCF(TTM)2.44
FCFY3.43%
OCF(TTM)3.43
OCFY4.83%
SpS10.64
BVpS21.62
TBVpS21.62
PEG (NY)0.17
PEG (5Y)59.63
Graham Number33.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.93% | ||
| ROE | 9.58% | ||
| ROCE | 9.77% | ||
| ROIC | 7.04% | ||
| ROICexc | 7.9% | ||
| ROICexgc | 7.9% | ||
| OM | 25.17% | ||
| PM (TTM) | 19.48% | ||
| GM | 31.4% | ||
| FCFM | 22.92% |
ROA(3y)-3.47%
ROA(5y)-0.49%
ROE(3y)-5.12%
ROE(5y)-0.97%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-13.28%
ROICexgc growth 5Y4.03%
ROICexc growth 3Y-13.24%
ROICexc growth 5Y4.07%
OM growth 3Y-8.68%
OM growth 5Y3.06%
PM growth 3Y-12.81%
PM growth 5Y-13.56%
GM growth 3Y-4.78%
GM growth 5Y2.77%
F-Score8
Asset Turnover0.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.15 | ||
| Debt/EBITDA | 0.58 | ||
| Cap/Depr | 55.34% | ||
| Cap/Sales | 9.37% | ||
| Interest Coverage | 21.79 | ||
| Cash Conversion | 76.7% | ||
| Profit Quality | 117.66% | ||
| Current Ratio | 2.31 | ||
| Quick Ratio | 1.55 | ||
| Altman-Z | 5.66 |
F-Score8
WACC9.1%
ROIC/WACC0.77
Cap/Depr(3y)73.91%
Cap/Depr(5y)73.53%
Cap/Sales(3y)15.4%
Cap/Sales(5y)14.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)320%
EPS 3Y0.86%
EPS 5Y0.51%
EPS Q2Q%50%
EPS Next Y180.18%
EPS Next 2Y109.06%
EPS Next 3Y65.96%
EPS Next 5Y21.25%
Revenue 1Y (TTM)21.75%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%42.1%
Revenue Next Year24.67%
Revenue Next 2Y22.83%
Revenue Next 3Y15.71%
Revenue Next 5Y10.31%
EBIT growth 1Y182.68%
EBIT growth 3Y9.55%
EBIT growth 5Y19.4%
EBIT Next Year177.53%
EBIT Next 3Y64.1%
EBIT Next 5Y21.46%
FCF growth 1Y560.94%
FCF growth 3Y39.19%
FCF growth 5Y39.94%
OCF growth 1Y515.71%
OCF growth 3Y22.69%
OCF growth 5Y20.75%
PAN AMERICAN SILVER CORP / PAAS.CA FAQ
What is the ChartMill fundamental rating of PAN AMERICAN SILVER CORP (PAAS.CA) stock?
ChartMill assigns a fundamental rating of 7 / 10 to PAAS.CA.
What is the valuation status of PAN AMERICAN SILVER CORP (PAAS.CA) stock?
ChartMill assigns a valuation rating of 8 / 10 to PAN AMERICAN SILVER CORP (PAAS.CA). This can be considered as Undervalued.
How profitable is PAN AMERICAN SILVER CORP (PAAS.CA) stock?
PAN AMERICAN SILVER CORP (PAAS.CA) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for PAAS stock?
The Price/Earnings (PE) ratio for PAN AMERICAN SILVER CORP (PAAS.CA) is 30.66 and the Price/Book (PB) ratio is 3.29.
How sustainable is the dividend of PAN AMERICAN SILVER CORP (PAAS.CA) stock?
The dividend rating of PAN AMERICAN SILVER CORP (PAAS.CA) is 5 / 10 and the dividend payout ratio is 23.99%.