PAN AMERICAN SILVER CORP (PAAS) Fundamental Analysis & Valuation

NYSE:PAAS • CA6979001089

Current stock price

57.64 USD
+0.79 (+1.39%)
At close:
57.41 USD
-0.23 (-0.4%)
After Hours:

This PAAS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. PAAS Profitability Analysis

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.
  • In the past 5 years PAAS always reported a positive cash flow from operatings.
PAAS Yearly Net Income VS EBIT VS OCF VS FCFPAAS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 10.04%, PAAS belongs to the top of the industry, outperforming 84.28% of the companies in the same industry.
  • PAAS has a better Return On Equity (13.98%) than 80.50% of its industry peers.
  • The Return On Invested Capital of PAAS (10.30%) is better than 77.99% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for PAAS is significantly below the industry average of 59.90%.
  • The last Return On Invested Capital (10.30%) for PAAS is above the 3 year average (5.45%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 10.04%
ROE 13.98%
ROIC 10.3%
ROA(3y)3.38%
ROA(5y)0.48%
ROE(3y)4.72%
ROE(5y)0.46%
ROIC(3y)5.45%
ROIC(5y)N/A
PAAS Yearly ROA, ROE, ROICPAAS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 -10 -15

1.3 Margins

  • PAAS has a Profit Margin of 27.02%. This is amongst the best in the industry. PAAS outperforms 86.16% of its industry peers.
  • PAAS's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 32.16%, PAAS is doing good in the industry, outperforming 78.62% of the companies in the same industry.
  • In the last couple of years the Operating Margin of PAAS has grown nicely.
  • PAAS's Gross Margin of 38.82% is fine compared to the rest of the industry. PAAS outperforms 71.70% of its industry peers.
  • In the last couple of years the Gross Margin of PAAS has grown nicely.
Industry RankSector Rank
OM 32.16%
PM (TTM) 27.02%
GM 38.82%
OM growth 3YN/A
OM growth 5Y9.81%
PM growth 3YN/A
PM growth 5Y15.26%
GM growth 3Y128.94%
GM growth 5Y7.61%
PAAS Yearly Profit, Operating, Gross MarginsPAAS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20

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6

2. PAAS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PAAS is destroying value.
  • PAAS has more shares outstanding than it did 1 year ago.
  • PAAS has more shares outstanding than it did 5 years ago.
  • PAAS has a better debt/assets ratio than last year.
PAAS Yearly Shares OutstandingPAAS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
PAAS Yearly Total Debt VS Total AssetsPAAS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 6.19 indicates that PAAS is not in any danger for bankruptcy at the moment.
  • PAAS has a better Altman-Z score (6.19) than 69.18% of its industry peers.
  • PAAS has a debt to FCF ratio of 0.84. This is a very positive value and a sign of high solvency as it would only need 0.84 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 0.84, PAAS belongs to the best of the industry, outperforming 84.91% of the companies in the same industry.
  • A Debt/Equity ratio of 0.11 indicates that PAAS is not too dependend on debt financing.
  • The Debt to Equity ratio of PAAS (0.11) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.84
Altman-Z 6.19
ROIC/WACC0.86
WACC11.99%
PAAS Yearly LT Debt VS Equity VS FCFPAAS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 2.69 indicates that PAAS has no problem at all paying its short term obligations.
  • PAAS has a Current ratio (2.69) which is in line with its industry peers.
  • PAAS has a Quick Ratio of 1.97. 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 (1.97) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 2.69
Quick Ratio 1.97
PAAS Yearly Current Assets VS Current LiabilitesPAAS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. PAAS Growth Analysis

3.1 Past

  • PAAS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 208.86%, which is quite impressive.
  • The Earnings Per Share has been growing by 16.24% on average over the past years. This is quite good.
  • PAAS shows a strong growth in Revenue. In the last year, the Revenue has grown by 28.38%.
  • PAAS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.00% yearly.
EPS 1Y (TTM)208.86%
EPS 3Y200.41%
EPS 5Y16.24%
EPS Q2Q%217.14%
Revenue 1Y (TTM)28.38%
Revenue growth 3Y34.28%
Revenue growth 5Y22%
Sales Q2Q%44.64%

3.2 Future

  • PAAS is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -18.89% yearly.
  • PAAS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.53% yearly.
EPS Next Y76.2%
EPS Next 2Y40.12%
EPS Next 3Y18.63%
EPS Next 5Y-18.89%
Revenue Next Year36.89%
Revenue Next 2Y14.07%
Revenue Next 3Y7.53%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less 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.
PAAS Yearly Revenue VS EstimatesPAAS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B
PAAS Yearly EPS VS EstimatesPAAS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3 4

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7

4. PAAS Valuation Analysis

4.1 Price/Earnings Ratio

  • PAAS is valuated rather expensively with a Price/Earnings ratio of 23.62.
  • Compared to the rest of the industry, the Price/Earnings ratio of PAAS indicates a somewhat cheap valuation: PAAS is cheaper than 74.84% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.86, PAAS is valued at the same level.
  • PAAS is valuated correctly with a Price/Forward Earnings ratio of 13.41.
  • Based on the Price/Forward Earnings ratio, PAAS is valued a bit cheaper than 72.96% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 37.39. PAAS is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 23.62
Fwd PE 13.41
PAAS Price Earnings VS Forward Price EarningsPAAS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, PAAS is valued a bit cheaper than the industry average as 68.55% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, PAAS is valued cheaply inside the industry as 86.16% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 23.86
EV/EBITDA 14.3
PAAS Per share dataPAAS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

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 an outstanding profitability rating, which may justify a higher PE ratio.
  • PAAS's earnings are expected to grow with 18.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.31
PEG (5Y)1.46
EPS Next 2Y40.12%
EPS Next 3Y18.63%

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4

5. PAAS Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.73%, PAAS is not a good candidate for dividend investing.
  • PAAS's Dividend Yield is a higher than the industry average which is at 1.09.
  • With a Dividend Yield of 0.73, PAAS pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.73%

5.2 History

  • The dividend of PAAS is nicely growing with an annual growth rate of 15.17%!
  • PAAS has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)15.17%
Div Incr Years0
Div Non Decr Years0
PAAS Yearly Dividends per sharePAAS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • 17.89% of the earnings are spent on dividend by PAAS. This is a low number and sustainable payout ratio.
DP17.89%
EPS Next 2Y40.12%
EPS Next 3Y18.63%
PAAS Yearly Income VS Free CF VS DividendPAAS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M 800M 1B
PAAS Dividend Payout.PAAS Dividend Payout, showing the Payout Ratio.PAAS Dividend Payout.PayoutRetained Earnings

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PAAS Fundamentals: All Metrics, Ratios and Statistics

PAN AMERICAN SILVER CORP

NYSE:PAAS (4/10/2026, 8:04:00 PM)

After market: 57.41 -0.23 (-0.4%)

57.64

+0.79 (+1.39%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-18
Earnings (Next)05-05
Inst Owners64.97%
Inst Owner Change0%
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap24.32B
Revenue(TTM)3.62B
Net Income(TTM)978.00M
Analysts80
Price Target49.56 (-14.02%)
Short Float %1.2%
Short Ratio0.53
Dividend
Industry RankSector Rank
Dividend Yield 0.73%
Yearly Dividend0.45
Dividend Growth(5Y)15.17%
DP17.89%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.04%
Min EPS beat(2)6.95%
Max EPS beat(2)27.13%
EPS beat(4)4
Avg EPS beat(4)46.89%
Min EPS beat(4)6.95%
Max EPS beat(4)128.76%
EPS beat(8)6
Avg EPS beat(8)42.64%
EPS beat(12)7
Avg EPS beat(12)25.55%
EPS beat(16)8
Avg EPS beat(16)4.37%
Revenue beat(2)1
Avg Revenue beat(2)4.19%
Min Revenue beat(2)-3.7%
Max Revenue beat(2)12.07%
Revenue beat(4)3
Avg Revenue beat(4)8.49%
Min Revenue beat(4)-3.7%
Max Revenue beat(4)13.63%
Revenue beat(8)3
Avg Revenue beat(8)0.84%
Revenue beat(12)4
Avg Revenue beat(12)-0.05%
Revenue beat(16)4
Avg Revenue beat(16)-2.24%
PT rev (1m)0.32%
PT rev (3m)22.71%
EPS NQ rev (1m)-12.24%
EPS NQ rev (3m)10.26%
EPS NY rev (1m)15.8%
EPS NY rev (3m)24.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)13.4%
Valuation
Industry RankSector Rank
PE 23.62
Fwd PE 13.41
P/S 6.72
P/FCF 23.86
P/OCF 18.24
P/B 3.48
P/tB 3.48
EV/EBITDA 14.3
EPS(TTM)2.44
EY4.23%
EPS(NY)4.3
Fwd EY7.46%
FCF(TTM)2.42
FCFY4.19%
OCF(TTM)3.16
OCFY5.48%
SpS8.58
BVpS16.59
TBVpS16.59
PEG (NY)0.31
PEG (5Y)1.46
Graham Number30.18
Profitability
Industry RankSector Rank
ROA 10.04%
ROE 13.98%
ROCE 13.04%
ROIC 10.3%
ROICexc 12.09%
ROICexgc 12.09%
OM 32.16%
PM (TTM) 27.02%
GM 38.82%
FCFM 28.16%
ROA(3y)3.38%
ROA(5y)0.48%
ROE(3y)4.72%
ROE(5y)0.46%
ROIC(3y)5.45%
ROIC(5y)N/A
ROICexc(3y)6.32%
ROICexc(5y)N/A
ROICexgc(3y)6.32%
ROICexgc(5y)N/A
ROCE(3y)6.89%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y8.26%
ROICexc growth 3YN/A
ROICexc growth 5Y8.3%
OM growth 3YN/A
OM growth 5Y9.81%
PM growth 3YN/A
PM growth 5Y15.26%
GM growth 3Y128.94%
GM growth 5Y7.61%
F-Score8
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.84
Debt/EBITDA 0.48
Cap/Depr 63.18%
Cap/Sales 8.68%
Interest Coverage 30.62
Cash Conversion 80.27%
Profit Quality 104.19%
Current Ratio 2.69
Quick Ratio 1.97
Altman-Z 6.19
F-Score8
WACC11.99%
ROIC/WACC0.86
Cap/Depr(3y)66%
Cap/Depr(5y)73.06%
Cap/Sales(3y)12.17%
Cap/Sales(5y)13.96%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)208.86%
EPS 3Y200.41%
EPS 5Y16.24%
EPS Q2Q%217.14%
EPS Next Y76.2%
EPS Next 2Y40.12%
EPS Next 3Y18.63%
EPS Next 5Y-18.89%
Revenue 1Y (TTM)28.38%
Revenue growth 3Y34.28%
Revenue growth 5Y22%
Sales Q2Q%44.64%
Revenue Next Year36.89%
Revenue Next 2Y14.07%
Revenue Next 3Y7.53%
Revenue Next 5YN/A
EBIT growth 1Y213.24%
EBIT growth 3YN/A
EBIT growth 5Y33.97%
EBIT Next Year130.2%
EBIT Next 3Y32.1%
EBIT Next 5Y8.25%
FCF growth 1Y154.24%
FCF growth 3YN/A
FCF growth 5Y29.14%
OCF growth 1Y84.09%
OCF growth 3Y246.98%
OCF growth 5Y23.59%

PAN AMERICAN SILVER CORP / PAAS Fundamental Analysis FAQ

What is the ChartMill fundamental rating of PAN AMERICAN SILVER CORP (PAAS) stock?

ChartMill assigns a fundamental rating of 6 / 10 to PAAS.


Can you provide the valuation status for PAN AMERICAN SILVER CORP?

ChartMill assigns a valuation rating of 6 / 10 to PAN AMERICAN SILVER CORP (PAAS). This can be considered as Fairly Valued.


Can you provide the profitability details for PAN AMERICAN SILVER CORP?

PAN AMERICAN SILVER CORP (PAAS) has a profitability rating of 8 / 10.


What is the financial health of PAN AMERICAN SILVER CORP (PAAS) stock?

The financial health rating of PAN AMERICAN SILVER CORP (PAAS) is 6 / 10.


Can you provide the dividend sustainability for PAAS stock?

The dividend rating of PAN AMERICAN SILVER CORP (PAAS) is 4 / 10 and the dividend payout ratio is 17.89%.