PAN AMERICAN SILVER CORP (PAAS.CA) Stock Fundamental Analysis
TSX:PAAS - CA6979001089 - Common Stock
46.59 CAD
+1.27 (+2.8%)
Taking everything into account, PAAS scores 7 out of 10 in our fundamental rating. PAAS was compared to 791 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 These ratings could make PAAS a good candidate 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.
The reported net income has been mixed in the past 5 years: PAAS reported negative net income in multiple years.
Each year in the past 5 years PAAS had a positive operating cash flow.
1.2 Ratios
PAAS's Return On Assets of 7.09% is amongst the best of the industry. PAAS outperforms 91.02% of its industry peers.
PAAS has a Return On Equity of 10.53%. This is amongst the best in the industry. PAAS outperforms 91.78% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.56%, PAAS belongs to the top of the industry, outperforming 92.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.09% | ||
| ROE | 10.53% | ||
| ROIC | 7.56% |
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 16.76%, PAAS belongs to the top of the industry, outperforming 93.43% 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 (22.66%) than 92.54% of its industry peers.
In the last couple of years the Operating Margin of PAAS has grown nicely.
PAAS has a better Gross Margin (28.26%) than 90.39% of its industry peers.
In the last couple of years the Gross Margin of PAAS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.66% | ||
| PM (TTM) | 16.76% | ||
| GM | 28.26% |
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.
The number of shares outstanding for PAAS has been reduced compared to 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 3.76. This indicates that PAAS is financially healthy and has little risk of bankruptcy at the moment.
PAAS has a Altman-Z score of 3.76. This is comparable to the rest of the industry: PAAS outperforms 59.92% of its industry peers.
PAAS has a debt to FCF ratio of 1.21. This is a very positive value and a sign of high solvency as it would only need 1.21 years to pay back of all of its debts.
The Debt to FCF ratio of PAAS (1.21) is better than 94.31% of its industry peers.
A Debt/Equity ratio of 0.15 indicates that PAAS is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.15, PAAS is doing worse than 65.87% of the companies in the same industry.
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 | 0.15 | ||
| Debt/FCF | 1.21 | ||
| Altman-Z | 3.76 |
ROIC/WACC0.82
WACC9.27%
2.3 Liquidity
PAAS has a Current Ratio of 3.05. This indicates that PAAS is financially healthy and has no problem in meeting its short term obligations.
PAAS has a Current ratio of 3.05. This is in the better half of the industry: PAAS outperforms 63.34% of its industry peers.
A Quick Ratio of 2.11 indicates that PAAS has no problem at all paying its short term obligations.
PAAS has a Quick ratio (2.11) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.05 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
PAAS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 1588.89%, 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 21.09%.
The Revenue has been growing by 15.85% on average over the past years. This is quite good.
EPS 1Y (TTM)1588.89%
EPS 3Y0.86%
EPS 5Y0.51%
EPS Q2Q%290.91%
Revenue 1Y (TTM)21.09%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%18.3%
3.2 Future
The Earnings Per Share is expected to grow by 2.59% on average over the next years.
The Revenue is expected to decrease by -1.10% on average over the next years.
EPS Next Y128.96%
EPS Next 2Y64.92%
EPS Next 3Y39.97%
EPS Next 5Y2.59%
Revenue Next Year13.48%
Revenue Next 2Y9.57%
Revenue Next 3Y5.81%
Revenue Next 5Y-1.1%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 22.29 indicates a rather expensive valuation of PAAS.
Based on the Price/Earnings ratio, PAAS is valued cheaply inside the industry as 90.27% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.08. PAAS is around the same levels.
Based on the Price/Forward Earnings ratio of 15.76, the valuation of PAAS can be described as correct.
Based on the Price/Forward Earnings ratio, PAAS is valued cheaper than 89.38% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.72. PAAS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.29 | ||
| Fwd PE | 15.76 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAAS is valued cheaply inside the industry as 93.17% of the companies are valued more expensively.
94.82% of the companies in the same industry are more expensive than PAAS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.05 | ||
| EV/EBITDA | 9.17 |
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.
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 39.97% in the coming years.
PEG (NY)0.17
PEG (5Y)43.36
EPS Next 2Y64.92%
EPS Next 3Y39.97%
5. Dividend
5.1 Amount
PAAS has a Yearly Dividend Yield of 1.27%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 18.57, PAAS pays a better dividend. On top of this PAAS pays more dividend than 96.71% of the companies listed in the same industry.
With a Dividend Yield of 1.27, PAAS pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.27% |
5.2 History
On average, the dividend of PAAS grows each year by 19.89%, 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)19.89%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
PAAS pays out 27.77% of its income as dividend. This is a sustainable payout ratio.
PAAS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP27.77%
EPS Next 2Y64.92%
EPS Next 3Y39.97%
TSX:PAAS (8/29/2025, 7:00:00 PM)
46.59
+1.27 (+2.8%)
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 Cap16.87B
Analysts80
Price Target37.41 (-19.7%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.27% |
Yearly Dividend0.55
Dividend Growth(5Y)19.89%
DP27.77%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)69.61%
Min EPS beat(2)10.45%
Max EPS beat(2)128.76%
EPS beat(4)3
Avg EPS beat(4)49.78%
Min EPS beat(4)-3.07%
Max EPS beat(4)128.76%
EPS beat(8)4
Avg EPS beat(8)8.59%
EPS beat(12)6
Avg EPS beat(12)15%
EPS beat(16)6
Avg EPS beat(16)-3.3%
Revenue beat(2)2
Avg Revenue beat(2)8.61%
Min Revenue beat(2)5.25%
Max Revenue beat(2)11.97%
Revenue beat(4)2
Avg Revenue beat(4)-0.85%
Min Revenue beat(4)-18.79%
Max Revenue beat(4)11.97%
Revenue beat(8)2
Avg Revenue beat(8)-3.25%
Revenue beat(12)3
Avg Revenue beat(12)-2.6%
Revenue beat(16)3
Avg Revenue beat(16)-4.04%
PT rev (1m)2.09%
PT rev (3m)9.72%
EPS NQ rev (1m)10.85%
EPS NQ rev (3m)70.91%
EPS NY rev (1m)44.41%
EPS NY rev (3m)44.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)7.86%
Revenue NY rev (3m)7.86%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.29 | ||
| Fwd PE | 15.76 | ||
| P/S | 3.94 | ||
| P/FCF | 18.05 | ||
| P/OCF | 12.67 | ||
| P/B | 2.47 | ||
| P/tB | 2.47 | ||
| EV/EBITDA | 9.17 |
EPS(TTM)2.09
EY4.49%
EPS(NY)2.96
Fwd EY6.34%
FCF(TTM)2.58
FCFY5.54%
OCF(TTM)3.68
OCFY7.9%
SpS11.84
BVpS18.84
TBVpS18.84
PEG (NY)0.17
PEG (5Y)43.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.09% | ||
| ROE | 10.53% | ||
| ROCE | 10.51% | ||
| ROIC | 7.56% | ||
| ROICexc | 9.06% | ||
| ROICexgc | 9.06% | ||
| OM | 22.66% | ||
| PM (TTM) | 16.76% | ||
| GM | 28.26% | ||
| FCFM | 21.81% |
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 | 0.15 | ||
| Debt/FCF | 1.21 | ||
| Debt/EBITDA | 0.61 | ||
| Cap/Depr | 51.52% | ||
| Cap/Sales | 9.27% | ||
| Interest Coverage | 18.93 | ||
| Cash Conversion | 76.45% | ||
| Profit Quality | 130.14% | ||
| Current Ratio | 3.05 | ||
| Quick Ratio | 2.11 | ||
| Altman-Z | 3.76 |
F-Score9
WACC9.27%
ROIC/WACC0.82
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)1588.89%
EPS 3Y0.86%
EPS 5Y0.51%
EPS Q2Q%290.91%
EPS Next Y128.96%
EPS Next 2Y64.92%
EPS Next 3Y39.97%
EPS Next 5Y2.59%
Revenue 1Y (TTM)21.09%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%18.3%
Revenue Next Year13.48%
Revenue Next 2Y9.57%
Revenue Next 3Y5.81%
Revenue Next 5Y-1.1%
EBIT growth 1Y326.96%
EBIT growth 3Y9.55%
EBIT growth 5Y19.41%
EBIT Next Year125.64%
EBIT Next 3Y43.41%
EBIT Next 5Y-7.85%
FCF growth 1Y472.75%
FCF growth 3Y39.19%
FCF growth 5Y39.97%
OCF growth 1Y775.55%
OCF growth 3Y22.69%
OCF growth 5Y20.76%