PAN AMERICAN SILVER CORP (PAAS) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:PAAS • CA6979001089
54.6 USD
-8.69 (-13.73%)
At close: Jan 30, 2026
54.83 USD
+0.23 (+0.42%)
After Hours: 1/30/2026, 8:12:05 PM
PAAS gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 154 industry peers in the Metals & Mining industry. PAAS has only an average score on both its financial health and profitability. PAAS is not priced too expensively while it is growing strongly. Keep and eye on this one! This makes PAAS very considerable for 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.
- PAAS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 6.93%, PAAS is in the better half of the industry, outperforming 79.22% of the companies in the same industry.
- With a decent Return On Equity value of 9.58%, PAAS is doing good in the industry, outperforming 72.73% of the companies in the same industry.
- PAAS has a Return On Invested Capital of 7.72%. This is in the better half of the industry: PAAS outperforms 68.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.93% | ||
| ROE | 9.58% | ||
| ROIC | 7.72% |
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
- The Profit Margin of PAAS (19.48%) is better than 83.77% of its industry peers.
- In the last couple of years the Profit Margin of PAAS has declined.
- PAAS's Operating Margin of 25.17% is fine compared to the rest of the industry. PAAS outperforms 74.68% of its industry peers.
- PAAS's Operating Margin has improved in the last couple of years.
- With a decent Gross Margin value of 31.40%, PAAS is doing good in the industry, outperforming 66.88% 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
- The number of shares outstanding for PAAS has been increased compared to 5 years ago.
- The debt/assets ratio for PAAS is higher compared to a year ago.
2.2 Solvency
- PAAS has an Altman-Z score of 6.99. This indicates that PAAS is financially healthy and has little risk of bankruptcy at the moment.
- PAAS has a Altman-Z score of 6.99. This is in the better half of the industry: PAAS outperforms 70.78% of 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 84.42% of the companies in the same industry.
- A Debt/Equity ratio of 0.12 indicates that PAAS is not too dependend on debt financing.
- With a Debt to Equity ratio value of 0.12, PAAS perfoms like the industry average, outperforming 58.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.15 | ||
| Altman-Z | 6.99 |
ROIC/WACC0.79
WACC9.72%
2.3 Liquidity
- A Current Ratio of 2.31 indicates that PAAS has no problem at all paying its short term obligations.
- PAAS's Current ratio of 2.31 is in line compared to the rest of the industry. PAAS outperforms 50.00% of its industry peers.
- A Quick Ratio of 1.55 indicates that PAAS should not have too much problems paying its short term obligations.
- With a Quick ratio value of 1.55, PAAS perfoms like the industry average, outperforming 51.95% of the companies in the same 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.
- The Earnings Per Share has been growing slightly by 0.51% on average over the past years.
- The Revenue has grown by 21.75% in the past year. This is a very strong growth!
- 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 22.19% on average per year.
- The Revenue is expected to grow by 10.31% on average over the next years. This is quite good.
EPS Next Y173.17%
EPS Next 2Y104.62%
EPS Next 3Y62.67%
EPS Next 5Y22.19%
Revenue Next Year24.67%
Revenue Next 2Y22.83%
Revenue Next 3Y15.71%
Revenue Next 5Y10.31%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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
- With a Price/Earnings ratio of 32.50, PAAS can be considered very expensive at the moment.
- 69.48% of the companies in the same industry are more expensive than PAAS, based on the Price/Earnings ratio.
- PAAS's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.30.
- With a Price/Forward Earnings ratio of 16.51, PAAS is valued correctly.
- Based on the Price/Forward Earnings ratio, PAAS is valued a bit cheaper than 64.94% of the companies in the same industry.
- PAAS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.5 | ||
| Fwd PE | 16.51 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, PAAS is valued a bit cheaper than the industry average as 62.99% of the companies are valued more expensively.
- PAAS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. PAAS is cheaper than 79.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.88 | ||
| EV/EBITDA | 19.42 |
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.
- PAAS's earnings are expected to grow with 62.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.19
PEG (5Y)63.21
EPS Next 2Y104.62%
EPS Next 3Y62.67%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.68%, PAAS is not a good candidate for dividend investing.
- PAAS's Dividend Yield is a higher than the industry average which is at 1.02.
- Compared to an average S&P500 Dividend Yield of 1.82, PAAS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.68% |
5.2 History
- The dividend of PAAS is nicely growing with an annual growth rate of 19.86%!
- PAAS has paid a dividend for at least 10 years, which is 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 2Y104.62%
EPS Next 3Y62.67%
PAN AMERICAN SILVER CORP / PAAS FAQ
What is the ChartMill fundamental rating of PAN AMERICAN SILVER CORP (PAAS) stock?
ChartMill assigns a fundamental rating of 6 / 10 to PAAS.
What is the valuation status for PAAS stock?
ChartMill assigns a valuation rating of 6 / 10 to PAN AMERICAN SILVER CORP (PAAS). This can be considered as Fairly Valued.
How profitable is PAN AMERICAN SILVER CORP (PAAS) stock?
PAN AMERICAN SILVER CORP (PAAS) has a profitability rating of 6 / 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) is 32.5 and the Price/Book (PB) ratio is 3.48.
Can you provide the dividend sustainability for PAAS stock?
The dividend rating of PAN AMERICAN SILVER CORP (PAAS) is 5 / 10 and the dividend payout ratio is 23.99%.