PAN AMERICAN SILVER CORP (PAAS) Stock Fundamental Analysis
NYSE:PAAS - CA6979001089 - Common Stock
32.51 USD
-0.13 (-0.4%)
32.42 USD
-0.09 (-0.28%)
Taking everything into account, PAAS scores 6 out of 10 in our fundamental rating. PAAS was compared to 155 industry peers in the Metals & Mining industry. PAAS is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. 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 investing!.
1. Profitability
1.1 Basic Checks
PAAS had positive earnings in the past year.
PAAS had a positive operating cash flow in the past year.
In multiple years PAAS reported negative net income over the last 5 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 (7.09%) than 82.58% of its industry peers.
Looking at the Return On Equity, with a value of 10.53%, PAAS is in the better half of the industry, outperforming 79.35% of the companies in the same industry.
PAAS has a better Return On Invested Capital (8.30%) than 74.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.09% | ||
| ROE | 10.53% | ||
| ROIC | 8.3% |
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 (16.76%) is better than 82.58% of its industry peers.
In the last couple of years the Profit Margin of PAAS has declined.
The Operating Margin of PAAS (22.66%) is better than 73.55% of its industry peers.
PAAS's Operating Margin has improved in the last couple of years.
PAAS's Gross Margin of 28.26% is fine compared to the rest of the industry. PAAS outperforms 65.81% 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
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
PAAS has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, PAAS has a worse debt to assets ratio.
2.2 Solvency
PAAS has an Altman-Z score of 3.73. This indicates that PAAS is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of PAAS (3.73) is better than 63.87% 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 87.10% of its industry peers.
PAAS has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
PAAS has a Debt to Equity ratio (0.15) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.21 | ||
| Altman-Z | 3.73 |
ROIC/WACC0.9
WACC9.27%
2.3 Liquidity
A Current Ratio of 3.05 indicates that PAAS has no problem at all paying its short term obligations.
The Current ratio of PAAS (3.05) is better than 61.94% 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 of 2.11. This is in the better half of the industry: PAAS outperforms 61.29% of its industry peers.
| 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.
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 21.09% 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)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.
PAAS is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.10% yearly.
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.
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
The Price/Earnings ratio is 21.39, which indicates a rather expensive current valuation of PAAS.
PAAS's Price/Earnings ratio is a bit cheaper when compared to the industry. PAAS is cheaper than 76.77% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.03, PAAS is valued a bit cheaper.
The Price/Forward Earnings ratio is 15.13, which indicates a correct valuation of PAAS.
61.94% of the companies in the same industry are more expensive than PAAS, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.63, PAAS is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.39 | ||
| Fwd PE | 15.13 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAAS is valued a bit cheaper than 74.84% of the companies in the same industry.
85.81% 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 | 17.33 | ||
| EV/EBITDA | 9.08 |
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 39.97% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.17
PEG (5Y)41.6
EPS Next 2Y64.92%
EPS Next 3Y39.97%
5. Dividend
5.1 Amount
PAAS has a Yearly Dividend Yield of 1.29%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.60, PAAS pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, PAAS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.29% |
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.
The dividend of PAAS decreased recently.
Dividend Growth(5Y)19.89%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
27.77% of the earnings are spent on dividend by PAAS. This is a low number and 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%
32.51
-0.13 (-0.4%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners60.88%
Inst Owner Change8.8%
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap11.77B
Analysts80
Price Target26.97 (-17.04%)
Short Float %4.9%
Short Ratio3.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.29% |
Yearly Dividend0.4
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)1.02%
PT rev (3m)9.25%
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 | 21.39 | ||
| Fwd PE | 15.13 | ||
| P/S | 3.78 | ||
| P/FCF | 17.33 | ||
| P/OCF | 12.16 | ||
| P/B | 2.37 | ||
| P/tB | 2.37 | ||
| EV/EBITDA | 9.08 |
EPS(TTM)1.52
EY4.68%
EPS(NY)2.15
Fwd EY6.61%
FCF(TTM)1.88
FCFY5.77%
OCF(TTM)2.67
OCFY8.23%
SpS8.6
BVpS13.69
TBVpS13.69
PEG (NY)0.17
PEG (5Y)41.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.09% | ||
| ROE | 10.53% | ||
| ROCE | 10.51% | ||
| ROIC | 8.3% | ||
| ROICexc | 9.94% | ||
| ROICexgc | 9.94% | ||
| 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 | 3.73 |
F-Score9
WACC9.27%
ROIC/WACC0.9
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%