PAN AMERICAN SILVER CORP (PAAS) Stock Fundamental Analysis

NYSE:PAAS • CA6979001089

54.59 USD
-5.29 (-8.83%)
At close: Feb 12, 2026
55.25 USD
+0.66 (+1.21%)
Pre-Market: 2/13/2026, 6:35:03 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

7

Taking everything into account, PAAS scores 7 out of 10 in our fundamental rating. PAAS was compared to 157 industry peers in the Metals & Mining industry. PAAS has an average financial health and profitability rating. PAAS is growing strongly while it also seems undervalued. This is an interesting combination These ratings could make PAAS a good candidate for value and growth investing.


Dividend Valuation Growth Profitability Health

6

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.
  • The reported net income has been mixed in the past 5 years: PAAS reported negative net income in multiple years.
  • PAAS had a positive operating cash flow in each of the past 5 years.
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 0 200M -200M 400M 600M

1.2 Ratios

  • PAAS has a Return On Assets of 6.93%. This is in the better half of the industry: PAAS outperforms 78.98% of its industry peers.
  • Looking at the Return On Equity, with a value of 9.58%, PAAS is in the better half of the industry, outperforming 72.61% of the companies in the same industry.
  • PAAS's Return On Invested Capital of 7.72% is fine compared to the rest of the industry. PAAS outperforms 68.79% of its industry peers.
Industry RankSector 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
PAAS Yearly ROA, ROE, ROICPAAS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 -10 -15

1.3 Margins

  • With an excellent Profit Margin value of 19.48%, PAAS belongs to the best of the industry, outperforming 83.44% of the companies in the same industry.
  • In the last couple of years the Profit Margin of PAAS has declined.
  • With a decent Operating Margin value of 25.17%, PAAS is doing good in the industry, outperforming 75.16% of the companies in the same industry.
  • In the last couple of years the Operating Margin of PAAS has grown nicely.
  • PAAS has a Gross Margin of 31.40%. This is in the better half of the industry: PAAS outperforms 66.88% of its industry peers.
  • In the last couple of years the Gross Margin of PAAS has grown nicely.
Industry RankSector 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%
PAAS Yearly Profit, Operating, Gross MarginsPAAS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PAAS is destroying value.
  • PAAS has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, PAAS has more shares outstanding
  • PAAS has a worse debt/assets ratio than last year.
PAAS Yearly Shares OutstandingPAAS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
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 2B 4B 6B

2.2 Solvency

  • PAAS has an Altman-Z score of 6.12. This indicates that PAAS is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of PAAS (6.12) is better than 67.52% of its industry peers.
  • The Debt to FCF ratio of PAAS is 1.15, which is an excellent value as it means it would take PAAS, only 1.15 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 1.15, PAAS belongs to the top of the industry, outperforming 84.08% of the companies in the same industry.
  • A Debt/Equity ratio of 0.12 indicates that PAAS is not too dependend on debt financing.
  • The Debt to Equity ratio of PAAS (0.12) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 1.15
Altman-Z 6.12
ROIC/WACC0.75
WACC10.35%
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 0 1B 2B 3B 4B

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 49.68% of its industry peers.
  • PAAS has a Quick Ratio of 1.55. This is a normal value and indicates that PAAS is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Quick ratio value of 1.55, PAAS perfoms like the industry average, outperforming 52.23% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.31
Quick Ratio 1.55
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 500M 1B 1.5B

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

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 320.00% over the past year.
  • 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.
  • PAAS shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.75%.
  • PAAS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.85% yearly.
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

  • PAAS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.19% yearly.
  • PAAS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.31% yearly.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 32.49, PAAS can be considered very expensive at the moment.
  • 71.34% 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 27.67.
  • A Price/Forward Earnings ratio of 16.50 indicates a correct valuation of PAAS.
  • Based on the Price/Forward Earnings ratio, PAAS is valued a bit cheaper than 67.52% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of PAAS to the average of the S&P500 Index (27.69), we can say PAAS is valued slightly cheaper.
Industry RankSector Rank
PE 32.49
Fwd PE 16.5
PAAS Price Earnings VS Forward Price EarningsPAAS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150 200

4.2 Price Multiples

  • PAAS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. PAAS is cheaper than 66.24% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, PAAS is valued cheaper than 82.80% of the companies in the same industry.
Industry RankSector Rank
P/FCF 30.88
EV/EBITDA 16.74
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 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 62.67% in the coming years.
PEG (NY)0.19
PEG (5Y)63.2
EPS Next 2Y104.62%
EPS Next 3Y62.67%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.80%, PAAS is not a good candidate for dividend investing.
  • PAAS's Dividend Yield is a higher than the industry average which is at 1.03.
  • Compared to an average S&P500 Dividend Yield of 1.80, PAAS's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.8%

5.2 History

  • On average, the dividend of PAAS grows each year by 19.86%, which is quite nice.
  • PAAS has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of PAAS decreased recently.
Dividend Growth(5Y)19.86%
Div Incr Years1
Div Non Decr Years1
PAAS Yearly Dividends per sharePAAS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • PAAS pays out 23.99% of its income as dividend. This is a 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%
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 0 200M -200M 400M
PAAS Dividend Payout.PAAS Dividend Payout, showing the Payout Ratio.PAAS Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

PAN AMERICAN SILVER CORP

NYSE:PAAS (2/12/2026, 8:09:10 PM)

Premarket: 55.25 +0.66 (+1.21%)

54.59

-5.29 (-8.83%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-12
Earnings (Next)02-18
Inst Owners69.88%
Inst Owner Change-3.29%
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap23.04B
Revenue(TTM)3.25B
Net Income(TTM)634.10M
Analysts80
Price Target43.08 (-21.08%)
Short Float %2.37%
Short Ratio1.27
Dividend
Industry RankSector Rank
Dividend Yield 0.8%
Yearly Dividend0.4
Dividend Growth(5Y)19.86%
DP23.99%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.84%
Min EPS beat(2)6.95%
Max EPS beat(2)24.72%
EPS beat(4)3
Avg EPS beat(4)39.34%
Min EPS beat(4)-3.07%
Max EPS beat(4)128.76%
EPS beat(8)5
Avg EPS beat(8)22.3%
EPS beat(12)6
Avg EPS beat(12)9.51%
EPS beat(16)7
Avg EPS beat(16)1.18%
Revenue beat(2)1
Avg Revenue beat(2)4.97%
Min Revenue beat(2)-3.7%
Max Revenue beat(2)13.63%
Revenue beat(4)2
Avg Revenue beat(4)5.02%
Min Revenue beat(4)-3.7%
Max Revenue beat(4)13.63%
Revenue beat(8)2
Avg Revenue beat(8)-0.95%
Revenue beat(12)3
Avg Revenue beat(12)-1.57%
Revenue beat(16)3
Avg Revenue beat(16)-3.46%
PT rev (1m)6.65%
PT rev (3m)32.99%
EPS NQ rev (1m)-7.23%
EPS NQ rev (3m)41.15%
EPS NY rev (1m)-2.5%
EPS NY rev (3m)8.66%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)40.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.73%
Valuation
Industry RankSector Rank
PE 32.49
Fwd PE 16.5
P/S 7.08
P/FCF 30.88
P/OCF 21.92
P/B 3.48
P/tB 3.48
EV/EBITDA 16.74
EPS(TTM)1.68
EY3.08%
EPS(NY)3.31
Fwd EY6.06%
FCF(TTM)1.77
FCFY3.24%
OCF(TTM)2.49
OCFY4.56%
SpS7.71
BVpS15.68
TBVpS15.68
PEG (NY)0.19
PEG (5Y)63.2
Graham Number24.35
Profitability
Industry RankSector Rank
ROA 6.93%
ROE 9.58%
ROCE 9.77%
ROIC 7.72%
ROICexc 8.66%
ROICexgc 8.66%
OM 25.17%
PM (TTM) 19.48%
GM 31.4%
FCFM 22.92%
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 5Y4.03%
ROICexc growth 3Y-13.24%
ROICexc growth 5Y4.07%
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%
F-Score8
Asset Turnover0.36
Health
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 1.15
Debt/EBITDA 0.58
Cap/Depr 55.34%
Cap/Sales 9.37%
Interest Coverage 21.79
Cash Conversion 76.7%
Profit Quality 117.66%
Current Ratio 2.31
Quick Ratio 1.55
Altman-Z 6.12
F-Score8
WACC10.35%
ROIC/WACC0.75
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)320%
EPS 3Y0.86%
EPS 5Y0.51%
EPS Q2Q%50%
EPS Next Y173.17%
EPS Next 2Y104.62%
EPS Next 3Y62.67%
EPS Next 5Y22.19%
Revenue 1Y (TTM)21.75%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%42.1%
Revenue Next Year24.67%
Revenue Next 2Y22.83%
Revenue Next 3Y15.71%
Revenue Next 5Y10.31%
EBIT growth 1Y182.68%
EBIT growth 3Y9.55%
EBIT growth 5Y19.4%
EBIT Next Year177.53%
EBIT Next 3Y64.1%
EBIT Next 5Y21.6%
FCF growth 1Y560.94%
FCF growth 3Y39.19%
FCF growth 5Y39.94%
OCF growth 1Y515.71%
OCF growth 3Y22.69%
OCF growth 5Y20.75%

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 7 / 10 to PAAS.


What is the valuation status for 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.


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 32.49 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%.