PAN AMERICAN SILVER CORP (PAAS.CA) Stock Fundamental Analysis
TSX:PAAS - Toronto Stock Exchange - CA6979001089 - Common Stock - Currency: CAD
Taking everything into account, PAAS scores 7 out of 10 in our fundamental rating. PAAS was compared to 805 industry peers in the Metals & Mining industry. PAAS gets an excellent profitability rating and is at the same time showing great financial health properties. PAAS may be a bit undervalued, certainly considering the very reasonable score on growth With these ratings, PAAS could be worth investigating further for value and quality investing!.
1. Profitability
1.1 Basic Checks
In the past year PAAS was profitable.
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.
PAAS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 4.32%, PAAS belongs to the best of the industry, outperforming 88.45% of the companies in the same industry.
Looking at the Return On Equity, with a value of 6.46%, PAAS belongs to the top of the industry, outperforming 89.32% of the companies in the same industry.
PAAS has a Return On Invested Capital of 6.04%. This is amongst the best in the industry. PAAS outperforms 92.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.32% | ||
| ROE | 6.46% | ||
| ROIC | 6.04% |
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 has a Profit Margin of 10.40%. This is amongst the best in the industry. PAAS outperforms 92.92% of its industry peers.
In the last couple of years the Profit Margin of PAAS has declined.
With an excellent Operating Margin value of 18.53%, PAAS belongs to the best of the industry, outperforming 92.05% of the companies in the same industry.
PAAS's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 24.13%, PAAS belongs to the best of the industry, outperforming 89.57% of the companies in the same industry.
PAAS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.53% | ||
| PM (TTM) | 10.4% | ||
| GM | 24.13% |
OM growth 3Y-8.68%
OM growth 5Y3.07%
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
PAAS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
PAAS has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, PAAS has more shares outstanding
The debt/assets ratio for PAAS is higher compared to a year ago.
2.2 Solvency
PAAS has an Altman-Z score of 3.41. This indicates that PAAS is financially healthy and has little risk of bankruptcy at the moment.
PAAS has a Altman-Z score of 3.41. This is in the better half of the industry: PAAS outperforms 60.75% of its industry peers.
PAAS has a debt to FCF ratio of 1.51. This is a very positive value and a sign of high solvency as it would only need 1.51 years to pay back of all of its debts.
PAAS's Debt to FCF ratio of 1.51 is amongst the best of the industry. PAAS outperforms 93.79% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that PAAS is not too dependend on debt financing.
PAAS has a Debt to Equity ratio of 0.16. This is in the lower half of the industry: PAAS underperforms 65.34% of its industry peers.
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 | 0.16 | ||
| Debt/FCF | 1.51 | ||
| Altman-Z | 3.41 |
ROIC/WACC0.7
WACC8.61%
2.3 Liquidity
A Current Ratio of 2.93 indicates that PAAS has no problem at all paying its short term obligations.
PAAS has a Current ratio of 2.93. This is in the better half of the industry: PAAS outperforms 63.11% of its industry peers.
A Quick Ratio of 1.94 indicates that PAAS should not have too much problems paying its short term obligations.
PAAS has a Quick ratio (1.94) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.93 | ||
| Quick Ratio | 1.94 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 5900.00% 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.
The Revenue has grown by 18.34% in the past year. This is quite good.
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)5900%
EPS 3Y0.86%
EPS 5Y0.51%
EPS Q2Q%4100%
Revenue 1Y (TTM)18.34%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%28.57%
3.2 Future
Based on estimates for the next years, PAAS will show a small growth in Earnings Per Share. The EPS will grow by 2.59% on average per year.
Based on estimates for the next years, PAAS will show a decrease in Revenue. The Revenue will decrease by -3.24% on average per year.
EPS Next Y58.55%
EPS Next 2Y59.4%
EPS Next 3Y23.95%
EPS Next 5Y2.59%
Revenue Next Year5.21%
Revenue Next 2Y4.64%
Revenue Next 3Y2.86%
Revenue Next 5Y-3.24%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 25.29, the valuation of PAAS can be described as expensive.
89.07% 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 27.41, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 15.08, PAAS is valued correctly.
Based on the Price/Forward Earnings ratio, PAAS is valued cheaper than 89.81% of the companies in the same industry.
PAAS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.29 | ||
| Fwd PE | 15.08 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAAS is valued cheaper than 92.42% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PAAS indicates a rather cheap valuation: PAAS is cheaper than 94.04% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.56 | ||
| EV/EBITDA | 9.66 |
4.3 Compensation for Growth
PAAS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of PAAS may justify a higher PE ratio.
A more expensive valuation may be justified as PAAS's earnings are expected to grow with 23.95% in the coming years.
PEG (NY)0.43
PEG (5Y)49.19
EPS Next 2Y59.4%
EPS Next 3Y23.95%
5. Dividend
5.1 Amount
PAAS has a Yearly Dividend Yield of 1.44%. Purely for dividend investing, there may be better candidates out there.
PAAS's Dividend Yield is rather good when compared to the industry average which is at 14.98. PAAS pays more dividend than 97.02% of the companies in the same industry.
PAAS's Dividend Yield is slightly below the S&P500 average, which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
5.2 History
The dividend of PAAS is nicely growing with an annual growth rate of 19.89%!
PAAS has been paying a dividend for at least 10 years, so it has a reliable track record.
PAAS has decreased its dividend recently.
Dividend Growth(5Y)19.89%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
46.64% of the earnings are spent on dividend by PAAS. This is a bit on the high side, but may be sustainable.
PAAS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP46.64%
EPS Next 2Y59.4%
EPS Next 3Y23.95%
TSX:PAAS (7/11/2025, 7:00:00 PM)
41.48
+1.41 (+3.52%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners60.88%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap15.02B
Analysts80
Price Target36.65 (-11.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
Yearly Dividend0.55
Dividend Growth(5Y)19.89%
DP46.64%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)62.84%
Min EPS beat(2)-3.07%
Max EPS beat(2)128.76%
EPS beat(4)2
Avg EPS beat(4)40.14%
Min EPS beat(4)-28.1%
Max EPS beat(4)128.76%
EPS beat(8)3
Avg EPS beat(8)2.62%
EPS beat(12)5
Avg EPS beat(12)4.03%
EPS beat(16)5
Avg EPS beat(16)-6.04%
Revenue beat(2)1
Avg Revenue beat(2)5.07%
Min Revenue beat(2)-1.83%
Max Revenue beat(2)11.97%
Revenue beat(4)1
Avg Revenue beat(4)-3.5%
Min Revenue beat(4)-18.79%
Max Revenue beat(4)11.97%
Revenue beat(8)1
Avg Revenue beat(8)-4.04%
Revenue beat(12)2
Avg Revenue beat(12)-4.81%
Revenue beat(16)2
Avg Revenue beat(16)-5.4%
PT rev (1m)1.41%
PT rev (3m)19.36%
EPS NQ rev (1m)3.77%
EPS NQ rev (3m)53.49%
EPS NY rev (1m)0%
EPS NY rev (3m)14.77%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.29 | ||
| Fwd PE | 15.08 | ||
| P/S | 3.67 | ||
| P/FCF | 20.56 | ||
| P/OCF | 13.09 | ||
| P/B | 2.28 | ||
| P/tB | 2.28 | ||
| EV/EBITDA | 9.66 |
EPS(TTM)1.64
EY3.95%
EPS(NY)2.75
Fwd EY6.63%
FCF(TTM)2.02
FCFY4.86%
OCF(TTM)3.17
OCFY7.64%
SpS11.31
BVpS18.22
TBVpS18.22
PEG (NY)0.43
PEG (5Y)49.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.32% | ||
| ROE | 6.46% | ||
| ROCE | 8.39% | ||
| ROIC | 6.04% | ||
| ROICexc | 7.02% | ||
| ROICexgc | 7.02% | ||
| OM | 18.53% | ||
| PM (TTM) | 10.4% | ||
| GM | 24.13% | ||
| FCFM | 17.83% |
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
ROICexcg growth 3Y-13.28%
ROICexcg growth 5Y4.91%
ROICexc growth 3Y-13.24%
ROICexc growth 5Y4.95%
OM growth 3Y-8.68%
OM growth 5Y3.07%
PM growth 3Y-12.81%
PM growth 5Y-13.56%
GM growth 3Y-4.78%
GM growth 5Y2.77%
F-Score9
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.51 | ||
| Debt/EBITDA | 0.68 | ||
| Cap/Depr | 53.73% | ||
| Cap/Sales | 10.18% | ||
| Interest Coverage | 14.82 | ||
| Cash Conversion | 74.74% | ||
| Profit Quality | 171.42% | ||
| Current Ratio | 2.93 | ||
| Quick Ratio | 1.94 | ||
| Altman-Z | 3.41 |
F-Score9
WACC8.61%
ROIC/WACC0.7
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)5900%
EPS 3Y0.86%
EPS 5Y0.51%
EPS Q2Q%4100%
EPS Next Y58.55%
EPS Next 2Y59.4%
EPS Next 3Y23.95%
EPS Next 5Y2.59%
Revenue 1Y (TTM)18.34%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%28.57%
Revenue Next Year5.21%
Revenue Next 2Y4.64%
Revenue Next 3Y2.86%
Revenue Next 5Y-3.24%
EBIT growth 1Y428.82%
EBIT growth 3Y9.55%
EBIT growth 5Y19.41%
EBIT Next Year125.64%
EBIT Next 3Y43.41%
EBIT Next 5Y-7.85%
FCF growth 1Y324.75%
FCF growth 3Y39.19%
FCF growth 5Y39.97%
OCF growth 1Y5697.52%
OCF growth 3Y22.69%
OCF growth 5Y20.76%