PAN AMERICAN SILVER CORP (PAAS.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:PAAS - CA6979001089 - Common Stock
75.51 CAD
+1.93 (+2.62%)
PAAS gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 812 industry peers in the Metals & Mining industry. While PAAS belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. PAAS is growing strongly while it also seems undervalued. This is an interesting combination This makes PAAS very considerable for value and growth investing!
1. Profitability
1.1 Basic Checks
In the past year PAAS was profitable.
PAAS had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: PAAS reported negative net income in multiple years.
In the past 5 years PAAS always reported a positive cash flow from operatings.
1.2 Ratios
PAAS has a better Return On Assets (6.93%) than 90.76% of its industry peers.
PAAS's Return On Equity of 9.58% is amongst the best of the industry. PAAS outperforms 90.64% of its industry peers.
PAAS has a Return On Invested Capital of 7.04%. This is amongst the best in the industry. PAAS outperforms 91.75% 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
Looking at the Profit Margin, with a value of 19.48%, PAAS belongs to the top of the industry, outperforming 93.72% of the companies in the same industry.
In the last couple of years the Profit Margin of PAAS has declined.
PAAS has a better Operating Margin (25.17%) than 93.47% of its industry peers.
PAAS's Operating Margin has improved in the last couple of years.
PAAS has a better Gross Margin (31.40%) than 91.13% of its industry peers.
In the last couple of years the Gross Margin of PAAS has grown nicely.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PAAS is destroying value.
The number of shares outstanding for PAAS has been reduced compared to 1 year ago.
PAAS has more shares outstanding than it did 5 years ago.
PAAS has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.97 indicates that PAAS is not in any danger for bankruptcy at the moment.
PAAS has a Altman-Z score (5.97) which is in line with its industry peers.
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.
With an excellent Debt to FCF ratio value of 1.15, PAAS belongs to the best of the industry, outperforming 93.35% of the companies in the same industry.
A Debt/Equity ratio of 0.12 indicates that PAAS is not too dependend on debt financing.
PAAS has a Debt to Equity ratio of 0.12. This is in the lower half of the industry: PAAS underperforms 63.67% 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 | 0.12 | ||
| Debt/FCF | 1.15 | ||
| Altman-Z | 5.97 |
ROIC/WACC0.76
WACC9.23%
2.3 Liquidity
PAAS has a Current Ratio of 2.31. This indicates that PAAS is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.31, PAAS is in line with its industry, outperforming 54.93% of the companies in the same industry.
A Quick Ratio of 1.55 indicates that PAAS should not have too much problems paying its short term obligations.
PAAS has a Quick ratio (1.55) which 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
PAAS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 320.00%, which is quite impressive.
The Earnings Per Share has been growing slightly by 0.51% on average over the past years.
PAAS shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.75%.
The Revenue has been growing by 15.85% on average over the past years. This is quite good.
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
PAAS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.25% yearly.
The Revenue is expected to grow by 10.31% on average over the next years. This is quite good.
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 32.41, PAAS can be considered very expensive at the moment.
Based on the Price/Earnings ratio, PAAS is valued cheaply inside the industry as 89.41% of the companies are valued more expensively.
PAAS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 15.78 indicates a correct valuation of PAAS.
91.26% of the companies in the same industry are more expensive than PAAS, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.88. PAAS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.41 | ||
| Fwd PE | 15.78 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAAS is valued cheaply inside the industry as 92.24% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PAAS indicates a rather cheap valuation: PAAS is cheaper than 94.21% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.81 | ||
| EV/EBITDA | 16.28 |
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 65.96% in the coming years.
PEG (NY)0.18
PEG (5Y)63.03
EPS Next 2Y109.06%
EPS Next 3Y65.96%
5. Dividend
5.1 Amount
With a yearly dividend of 0.81%, PAAS is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 0.66, PAAS pays a better dividend. On top of this PAAS pays more dividend than 96.55% of the companies listed in the same industry.
With a Dividend Yield of 0.81, PAAS pays less dividend than the S&P500 average, which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.81% |
5.2 History
The dividend of PAAS is nicely growing with an annual growth rate of 19.86%!
PAAS has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of PAAS decreased recently.
Dividend Growth(5Y)19.86%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
23.99% of the earnings are spent on dividend by PAAS. This is a low number and sustainable payout ratio.
The dividend of PAAS is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP23.99%
EPS Next 2Y109.06%
EPS Next 3Y65.96%
TSX:PAAS (1/9/2026, 7:00:00 PM)
75.51
+1.93 (+2.62%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners69.88%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap31.86B
Revenue(TTM)3.25B
Net Income(TTM)634.10M
Analysts80
Price Target55.5 (-26.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.81% |
Yearly Dividend0.55
Dividend Growth(5Y)19.86%
DP23.99%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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)4.14%
PT rev (3m)34.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)52.15%
EPS NY rev (1m)0%
EPS NY rev (3m)18.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)40.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.41 | ||
| Fwd PE | 15.78 | ||
| P/S | 7.06 | ||
| P/FCF | 30.81 | ||
| P/OCF | 21.87 | ||
| P/B | 3.47 | ||
| P/tB | 3.47 | ||
| EV/EBITDA | 16.28 |
EPS(TTM)2.33
EY3.09%
EPS(NY)4.79
Fwd EY6.34%
FCF(TTM)2.45
FCFY3.25%
OCF(TTM)3.45
OCFY4.57%
SpS10.69
BVpS21.74
TBVpS21.74
PEG (NY)0.18
PEG (5Y)63.03
Graham Number33.76
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 | 5.97 |
F-Score8
WACC9.23%
ROIC/WACC0.76
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 for PAAS 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.
What is the valuation of PAN AMERICAN SILVER CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for PAN AMERICAN SILVER CORP (PAAS.CA) is 32.41 and the Price/Book (PB) ratio is 3.47.
Can you provide the dividend sustainability for PAAS stock?
The dividend rating of PAN AMERICAN SILVER CORP (PAAS.CA) is 5 / 10 and the dividend payout ratio is 23.99%.