WHEATON PRECIOUS METALS CORP (WPM) Fundamental Analysis & Valuation

NYSE:WPM • CA9628791027

150.83 USD
+2.88 (+1.95%)
At close: Mar 10, 2026
150.85 USD
+0.02 (+0.01%)
After Hours: 3/10/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

8

Taking everything into account, WPM scores 8 out of 10 in our fundamental rating. WPM was compared to 157 industry peers in the Metals & Mining industry. WPM gets an excellent profitability rating and is at the same time showing great financial health properties. WPM is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings would make WPM suitable for growth and quality investing!


Dividend Valuation Growth Profitability Health

9

1. WPM Profitability Analysis

1.1 Basic Checks

  • WPM had positive earnings in the past year.
  • In the past year WPM had a positive cash flow from operations.
  • Each year in the past 5 years WPM has been profitable.
  • WPM had a positive operating cash flow in each of the past 5 years.
WPM Yearly Net Income VS EBIT VS OCF VS FCFWPM 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 800M 1B

1.2 Ratios

  • WPM's Return On Assets of 11.90% is amongst the best of the industry. WPM outperforms 87.26% of its industry peers.
  • WPM's Return On Equity of 12.38% is fine compared to the rest of the industry. WPM outperforms 78.98% of its industry peers.
  • The Return On Invested Capital of WPM (12.78%) is better than 84.08% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for WPM is below the industry average of 11.53%.
  • The last Return On Invested Capital (12.78%) for WPM is above the 3 year average (7.44%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 11.9%
ROE 12.38%
ROIC 12.78%
ROA(3y)8.22%
ROA(5y)9.04%
ROE(3y)8.32%
ROE(5y)9.18%
ROIC(3y)7.44%
ROIC(5y)7.8%
WPM Yearly ROA, ROE, ROICWPM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • WPM has a Profit Margin of 54.72%. This is amongst the best in the industry. WPM outperforms 97.45% of its industry peers.
  • WPM's Profit Margin has improved in the last couple of years.
  • WPM's Operating Margin of 63.50% is amongst the best of the industry. WPM outperforms 97.45% of its industry peers.
  • In the last couple of years the Operating Margin of WPM has grown nicely.
  • The Gross Margin of WPM (68.59%) is better than 94.90% of its industry peers.
  • In the last couple of years the Gross Margin of WPM has grown nicely.
Industry RankSector Rank
OM 63.5%
PM (TTM) 54.72%
GM 68.59%
OM growth 3Y4.51%
OM growth 5Y10.92%
PM growth 3Y-13.12%
PM growth 5Y32.74%
GM growth 3Y4.45%
GM growth 5Y9.24%
WPM Yearly Profit, Operating, Gross MarginsWPM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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9

2. WPM Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), WPM is creating some value.
  • The number of shares outstanding for WPM remains at a similar level compared to 1 year ago.
  • WPM has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, WPM has an improved debt to assets ratio.
WPM Yearly Shares OutstandingWPM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
WPM Yearly Total Debt VS Total AssetsWPM 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

  • An Altman-Z score of 124.87 indicates that WPM is not in any danger for bankruptcy at the moment.
  • WPM has a Altman-Z score of 124.87. This is amongst the best in the industry. WPM outperforms 94.27% of its industry peers.
  • The Debt to FCF ratio of WPM is 0.01, which is an excellent value as it means it would take WPM, only 0.01 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 0.01, WPM belongs to the best of the industry, outperforming 97.45% of the companies in the same industry.
  • A Debt/Equity ratio of 0.00 indicates that WPM is not too dependend on debt financing.
  • WPM has a better Debt to Equity ratio (0.00) than 80.25% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.01
Altman-Z 124.87
ROIC/WACC1.26
WACC10.17%
WPM Yearly LT Debt VS Equity VS FCFWPM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 8.09 indicates that WPM has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 8.09, WPM belongs to the best of the industry, outperforming 86.62% of the companies in the same industry.
  • WPM has a Quick Ratio of 8.09. This indicates that WPM is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 8.09, WPM belongs to the top of the industry, outperforming 86.62% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 8.09
Quick Ratio 8.09
WPM Yearly Current Assets VS Current LiabilitesWPM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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

9

3. WPM Growth Analysis

3.1 Past

  • WPM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 61.01%, which is quite impressive.
  • Measured over the past years, WPM shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.22% on average per year.
  • Looking at the last year, WPM shows a very strong growth in Revenue. The Revenue has grown by 50.33%.
  • Measured over the past years, WPM shows a quite strong growth in Revenue. The Revenue has been growing by 8.32% on average per year.
EPS 1Y (TTM)61.01%
EPS 3Y3.74%
EPS 5Y21.22%
EPS Q2Q%83.38%
Revenue 1Y (TTM)50.33%
Revenue growth 3Y2.25%
Revenue growth 5Y8.32%
Sales Q2Q%54.5%

3.2 Future

  • The Earnings Per Share is expected to grow by 25.67% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 21.62% on average over the next years. This is a very strong growth
EPS Next Y92.04%
EPS Next 2Y73.27%
EPS Next 3Y45.03%
EPS Next 5Y25.67%
Revenue Next Year68.65%
Revenue Next 2Y55.2%
Revenue Next 3Y39.2%
Revenue Next 5Y21.62%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
WPM Yearly Revenue VS EstimatesWPM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B
WPM Yearly EPS VS EstimatesWPM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

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5

4. WPM Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 67.33 indicates a quite expensive valuation of WPM.
  • WPM's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 26.25. WPM is valued rather expensively when compared to this.
  • WPM is valuated quite expensively with a Price/Forward Earnings ratio of 34.27.
  • WPM's Price/Forward Earnings is on the same level as the industry average.
  • WPM's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 24.39.
Industry RankSector Rank
PE 67.33
Fwd PE 34.27
WPM Price Earnings VS Forward Price EarningsWPM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • WPM's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, WPM is valued a bit cheaper than 64.97% of the companies in the same industry.
Industry RankSector Rank
P/FCF 102.51
EV/EBITDA 45.53
WPM Per share dataWPM 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.
  • WPM has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as WPM's earnings are expected to grow with 45.03% in the coming years.
PEG (NY)0.73
PEG (5Y)3.17
EPS Next 2Y73.27%
EPS Next 3Y45.03%

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

5

5. WPM Dividend Analysis

5.1 Amount

  • WPM has a yearly dividend return of 0.46%, which is pretty low.
  • Compared to an average industry Dividend Yield of 1.06, WPM pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, WPM's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.46%

5.2 History

  • On average, the dividend of WPM grows each year by 16.13%, which is quite nice.
  • WPM has been paying a dividend for at least 10 years, so it has a reliable track record.
  • WPM has decreased its dividend recently.
Dividend Growth(5Y)16.13%
Div Incr Years1
Div Non Decr Years1
WPM Yearly Dividends per shareWPM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

  • WPM pays out 29.16% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of WPM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP29.16%
EPS Next 2Y73.27%
EPS Next 3Y45.03%
WPM Yearly Income VS Free CF VS DividendWPM 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 600M 800M
WPM Dividend Payout.WPM Dividend Payout, showing the Payout Ratio.WPM Dividend Payout.PayoutRetained Earnings

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WPM Fundamentals: All Metrics, Ratios and Statistics

WHEATON PRECIOUS METALS CORP

NYSE:WPM (3/10/2026, 8:04:00 PM)

After market: 150.85 +0.02 (+0.01%)

150.83

+2.88 (+1.95%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-06
Earnings (Next)03-12
Inst Owners72.39%
Inst Owner Change-0.35%
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap68.48B
Revenue(TTM)1.83B
Net Income(TTM)1.00B
Analysts83.75
Price Target172.46 (14.34%)
Short Float %0.75%
Short Ratio1.48
Dividend
Industry RankSector Rank
Dividend Yield 0.46%
Yearly Dividend0.62
Dividend Growth(5Y)16.13%
DP29.16%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.78%
Min EPS beat(2)0.07%
Max EPS beat(2)13.49%
EPS beat(4)4
Avg EPS beat(4)4.94%
Min EPS beat(4)0.05%
Max EPS beat(4)13.49%
EPS beat(8)7
Avg EPS beat(8)6.94%
EPS beat(12)9
Avg EPS beat(12)4.55%
EPS beat(16)11
Avg EPS beat(16)2.9%
Revenue beat(2)1
Avg Revenue beat(2)6.75%
Min Revenue beat(2)-0.97%
Max Revenue beat(2)14.47%
Revenue beat(4)2
Avg Revenue beat(4)3.93%
Min Revenue beat(4)-4.5%
Max Revenue beat(4)14.47%
Revenue beat(8)4
Avg Revenue beat(8)2.12%
Revenue beat(12)5
Avg Revenue beat(12)-0.35%
Revenue beat(16)7
Avg Revenue beat(16)-0.73%
PT rev (1m)13.9%
PT rev (3m)33.58%
EPS NQ rev (1m)7.94%
EPS NQ rev (3m)12.77%
EPS NY rev (1m)3.8%
EPS NY rev (3m)4.34%
Revenue NQ rev (1m)6.9%
Revenue NQ rev (3m)11.1%
Revenue NY rev (1m)3.22%
Revenue NY rev (3m)3.71%
Valuation
Industry RankSector Rank
PE 67.33
Fwd PE 34.27
P/S 37.41
P/FCF 102.51
P/OCF 46.33
P/B 8.46
P/tB 8.46
EV/EBITDA 45.53
EPS(TTM)2.24
EY1.49%
EPS(NY)4.4
Fwd EY2.92%
FCF(TTM)1.47
FCFY0.98%
OCF(TTM)3.26
OCFY2.16%
SpS4.03
BVpS17.82
TBVpS17.82
PEG (NY)0.73
PEG (5Y)3.17
Graham Number29.97
Profitability
Industry RankSector Rank
ROA 11.9%
ROE 12.38%
ROCE 14.05%
ROIC 12.78%
ROICexc 14.86%
ROICexgc 14.86%
OM 63.5%
PM (TTM) 54.72%
GM 68.59%
FCFM 36.49%
ROA(3y)8.22%
ROA(5y)9.04%
ROE(3y)8.32%
ROE(5y)9.18%
ROIC(3y)7.44%
ROIC(5y)7.8%
ROICexc(3y)8.26%
ROICexc(5y)8.41%
ROICexgc(3y)8.26%
ROICexgc(5y)8.41%
ROCE(3y)8.19%
ROCE(5y)8.58%
ROICexgc growth 3Y3.88%
ROICexgc growth 5Y18.4%
ROICexc growth 3Y3.87%
ROICexc growth 5Y18.39%
OM growth 3Y4.51%
OM growth 5Y10.92%
PM growth 3Y-13.12%
PM growth 5Y32.74%
GM growth 3Y4.45%
GM growth 5Y9.24%
F-Score6
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.01
Debt/EBITDA 0.01
Cap/Depr 281.52%
Cap/Sales 44.26%
Interest Coverage 3075.04
Cash Conversion 101.93%
Profit Quality 66.69%
Current Ratio 8.09
Quick Ratio 8.09
Altman-Z 124.87
F-Score6
WACC10.17%
ROIC/WACC1.26
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)67.6%
Profit Quality(5y)93.1%
High Growth Momentum
Growth
EPS 1Y (TTM)61.01%
EPS 3Y3.74%
EPS 5Y21.22%
EPS Q2Q%83.38%
EPS Next Y92.04%
EPS Next 2Y73.27%
EPS Next 3Y45.03%
EPS Next 5Y25.67%
Revenue 1Y (TTM)50.33%
Revenue growth 3Y2.25%
Revenue growth 5Y8.32%
Sales Q2Q%54.5%
Revenue Next Year68.65%
Revenue Next 2Y55.2%
Revenue Next 3Y39.2%
Revenue Next 5Y21.62%
EBIT growth 1Y75.47%
EBIT growth 3Y6.86%
EBIT growth 5Y20.15%
EBIT Next Year144.31%
EBIT Next 3Y56.37%
EBIT Next 5Y30.36%
FCF growth 1Y57.1%
FCF growth 3Y-22.11%
FCF growth 5Y-4.46%
OCF growth 1Y117.18%
OCF growth 3Y6.73%
OCF growth 5Y15.42%

WHEATON PRECIOUS METALS CORP / WPM FAQ

What is the fundamental rating for WPM stock?

ChartMill assigns a fundamental rating of 8 / 10 to WPM.


Can you provide the valuation status for WHEATON PRECIOUS METALS CORP?

ChartMill assigns a valuation rating of 5 / 10 to WHEATON PRECIOUS METALS CORP (WPM). This can be considered as Fairly Valued.


Can you provide the profitability details for WHEATON PRECIOUS METALS CORP?

WHEATON PRECIOUS METALS CORP (WPM) has a profitability rating of 9 / 10.


What are the PE and PB ratios of WHEATON PRECIOUS METALS CORP (WPM) stock?

The Price/Earnings (PE) ratio for WHEATON PRECIOUS METALS CORP (WPM) is 67.33 and the Price/Book (PB) ratio is 8.46.


Can you provide the expected EPS growth for WPM stock?

The Earnings per Share (EPS) of WHEATON PRECIOUS METALS CORP (WPM) is expected to grow by 92.04% in the next year.