PAN AMERICAN SILVER CORP (PAAS) Stock Fundamental Analysis
USA - NYSE:PAAS - CA6979001089 - Common Stock
35.24 USD
+0.51 (+1.47%)
34.8654 USD
-0.37 (-1.06%)
We assign a fundamental rating of 6 out of 10 to PAAS. PAAS was compared to 154 industry peers in the Metals & Mining industry. While PAAS has a great health rating, its profitability is only average at the moment. PAAS is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings would make PAAS suitable for value 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 Return On Assets of 7.09%. This is amongst the best in the industry. PAAS outperforms 83.12% 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 79.22% of the companies in the same industry.
PAAS has a Return On Invested Capital of 8.30%. This is in the better half of the industry: PAAS outperforms 76.62% 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
PAAS has a better Profit Margin (16.76%) than 83.77% of its industry peers.
In the last couple of years the Profit Margin of PAAS has declined.
PAAS has a better Operating Margin (22.66%) than 75.32% of its industry peers.
In the last couple of years the Operating Margin of PAAS has grown nicely.
The Gross Margin of PAAS (28.26%) is better than 66.23% of its industry peers.
PAAS's Gross Margin has improved in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PAAS is still creating some 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 4.44 indicates that PAAS is not in any danger for bankruptcy at the moment.
PAAS has a Altman-Z score of 4.44. This is in the better half of the industry: PAAS outperforms 62.34% 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.
PAAS has a better Debt to FCF ratio (1.21) than 87.01% of its industry peers.
A Debt/Equity ratio of 0.15 indicates that PAAS is not too dependend on debt financing.
PAAS has a Debt to Equity ratio (0.15) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.21 | ||
| Altman-Z | 4.44 |
ROIC/WACC1.01
WACC8.19%
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.
Looking at the Current ratio, with a value of 3.05, PAAS is in the better half of the industry, outperforming 61.69% of the companies in the same industry.
PAAS has a Quick Ratio of 2.11. This indicates that PAAS is financially healthy and has no problem in meeting its short term obligations.
PAAS has a better Quick ratio (2.11) than 60.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.05 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 1588.89% over the past year.
The Earnings Per Share has been growing slightly by 0.51% on average over the past years.
Looking at the last year, PAAS shows a very strong growth in Revenue. 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
PAAS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.88% yearly.
PAAS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.63% yearly.
EPS Next Y137.38%
EPS Next 2Y70.71%
EPS Next 3Y39.27%
EPS Next 5Y1.88%
Revenue Next Year16.16%
Revenue Next 2Y10.75%
Revenue Next 3Y5.96%
Revenue Next 5Y7.63%
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
PAAS is valuated rather expensively with a Price/Earnings ratio of 23.18.
Compared to the rest of the industry, the Price/Earnings ratio of PAAS indicates a somewhat cheap valuation: PAAS is cheaper than 75.32% of the companies listed in the same industry.
PAAS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.83, which is the current average of the S&P500 Index.
PAAS is valuated correctly with a Price/Forward Earnings ratio of 15.31.
64.94% of the companies in the same industry are more expensive than PAAS, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of PAAS to the average of the S&P500 Index (22.88), we can say PAAS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.18 | ||
| Fwd PE | 15.31 |
4.2 Price Multiples
70.78% of the companies in the same industry are more expensive than PAAS, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, PAAS is valued cheaper than 85.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.88 | ||
| EV/EBITDA | 11.32 |
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.
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 39.27% in the coming years.
PEG (NY)0.17
PEG (5Y)45.09
EPS Next 2Y70.71%
EPS Next 3Y39.27%
5. Dividend
5.1 Amount
PAAS has a Yearly Dividend Yield of 1.14%. Purely for dividend investing, there may be better candidates out there.
PAAS's Dividend Yield is a higher than the industry average which is at 2.52.
With a Dividend Yield of 1.14, PAAS pays less dividend than the S&P500 average, which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.14% |
5.2 History
The dividend of PAAS is nicely growing with an annual growth rate of 19.89%!
PAAS has been paying a dividend for at least 10 years, so it has 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
27.77% of the earnings are spent on dividend by PAAS. This is a low number and sustainable payout ratio.
The dividend of PAAS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP27.77%
EPS Next 2Y70.71%
EPS Next 3Y39.27%
35.24
+0.51 (+1.47%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners55.31%
Inst Owner Change0.35%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap14.87B
Revenue(TTM)3.12B
Net Income(TTM)522.20M
Analysts80
Price Target29.63 (-15.92%)
Short Float %3.73%
Short Ratio2.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.14% |
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)66.11%
Min EPS beat(2)3.45%
Max EPS beat(2)128.76%
EPS beat(4)3
Avg EPS beat(4)48.03%
Min EPS beat(4)-3.07%
Max EPS beat(4)128.76%
EPS beat(8)4
Avg EPS beat(8)7.71%
EPS beat(12)6
Avg EPS beat(12)14.41%
EPS beat(16)6
Avg EPS beat(16)-3.74%
Revenue beat(2)2
Avg Revenue beat(2)9.94%
Min Revenue beat(2)7.91%
Max Revenue beat(2)11.97%
Revenue beat(4)2
Avg Revenue beat(4)-0.18%
Min Revenue beat(4)-18.79%
Max Revenue beat(4)11.97%
Revenue beat(8)2
Avg Revenue beat(8)-2.92%
Revenue beat(12)3
Avg Revenue beat(12)-2.38%
Revenue beat(16)3
Avg Revenue beat(16)-3.88%
PT rev (1m)-0.73%
PT rev (3m)10.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10.85%
EPS NY rev (1m)0%
EPS NY rev (3m)49.72%
Revenue NQ rev (1m)18.69%
Revenue NQ rev (3m)18.69%
Revenue NY rev (1m)2.39%
Revenue NY rev (3m)10.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.18 | ||
| Fwd PE | 15.31 | ||
| P/S | 4.77 | ||
| P/FCF | 21.88 | ||
| P/OCF | 15.35 | ||
| P/B | 3 | ||
| P/tB | 3 | ||
| EV/EBITDA | 11.32 |
EPS(TTM)1.52
EY4.31%
EPS(NY)2.3
Fwd EY6.53%
FCF(TTM)1.61
FCFY4.57%
OCF(TTM)2.3
OCFY6.51%
SpS7.38
BVpS11.75
TBVpS11.75
PEG (NY)0.17
PEG (5Y)45.09
Graham Number20.05
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
ROICexgc growth 3Y-13.28%
ROICexgc 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 | 4.44 |
F-Score9
WACC8.19%
ROIC/WACC1.01
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 Y137.38%
EPS Next 2Y70.71%
EPS Next 3Y39.27%
EPS Next 5Y1.88%
Revenue 1Y (TTM)21.09%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%18.3%
Revenue Next Year16.16%
Revenue Next 2Y10.75%
Revenue Next 3Y5.96%
Revenue Next 5Y7.63%
EBIT growth 1Y326.96%
EBIT growth 3Y9.55%
EBIT growth 5Y19.41%
EBIT Next Year161.44%
EBIT Next 3Y44.83%
EBIT Next 5Y9.36%
FCF growth 1Y472.75%
FCF growth 3Y39.19%
FCF growth 5Y39.97%
OCF growth 1Y775.55%
OCF growth 3Y22.69%
OCF growth 5Y20.76%
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 of PAN AMERICAN SILVER CORP (PAAS) stock?
ChartMill assigns a valuation rating of 7 / 10 to PAN AMERICAN SILVER CORP (PAAS). This can be considered as Undervalued.
How profitable is PAN AMERICAN SILVER CORP (PAAS) stock?
PAN AMERICAN SILVER CORP (PAAS) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for PAAS stock?
The Price/Earnings (PE) ratio for PAN AMERICAN SILVER CORP (PAAS) is 23.18 and the Price/Book (PB) ratio is 3.
How sustainable is the dividend of PAN AMERICAN SILVER CORP (PAAS) stock?
The dividend rating of PAN AMERICAN SILVER CORP (PAAS) is 5 / 10 and the dividend payout ratio is 27.77%.