WHEATON PRECIOUS METALS CORP (WPM) Stock Fundamental Analysis
USA - NYSE:WPM - CA9628791027 - Common Stock
109.66 USD
-0.17 (-0.15%)
110.46 USD
+0.8 (+0.73%)
Overall WPM gets a fundamental rating of 8 out of 10. We evaluated WPM against 156 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 growing strongly while it is still valued neutral. This is a good combination! These ratings would make WPM suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
WPM had positive earnings in the past year.
In the past year WPM had a positive cash flow from operations.
WPM had positive earnings in each of the past 5 years.
Each year in the past 5 years WPM had a positive operating cash flow.
1.2 Ratios
The Return On Assets of WPM (9.88%) is better than 90.38% of its industry peers.
With a decent Return On Equity value of 10.21%, WPM is doing good in the industry, outperforming 78.21% of the companies in the same industry.
With an excellent Return On Invested Capital value of 11.86%, WPM belongs to the best of the industry, outperforming 89.10% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for WPM is significantly below the industry average of 12.87%.
The last Return On Invested Capital (11.86%) for WPM is above the 3 year average (7.44%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.88% | ||
| ROE | 10.21% | ||
| ROIC | 11.86% |
ROA(3y)8.22%
ROA(5y)9.04%
ROE(3y)8.32%
ROE(5y)9.18%
ROIC(3y)7.44%
ROIC(5y)7.8%
1.3 Margins
WPM has a better Profit Margin (47.46%) than 97.44% of its industry peers.
In the last couple of years the Profit Margin of WPM has grown nicely.
The Operating Margin of WPM (61.53%) is better than 97.44% of its industry peers.
In the last couple of years the Operating Margin of WPM has grown nicely.
Looking at the Gross Margin, with a value of 67.19%, WPM belongs to the top of the industry, outperforming 94.87% of the companies in the same industry.
In the last couple of years the Gross Margin of WPM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 61.53% | ||
| PM (TTM) | 47.46% | ||
| GM | 67.19% |
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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so WPM is still creating some value.
Compared to 1 year ago, WPM has about the same amount of shares outstanding.
WPM has more shares outstanding than it did 5 years ago.
The debt/assets ratio for WPM has been reduced compared to a year ago.
2.2 Solvency
WPM has an Altman-Z score of 118.00. This indicates that WPM is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 118.00, WPM belongs to the best of the industry, outperforming 96.15% of the companies in the same industry.
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.
WPM's Debt to FCF ratio of 0.01 is amongst the best of the industry. WPM outperforms 98.72% of its industry peers.
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 81.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | 118 |
ROIC/WACC1.38
WACC8.6%
2.3 Liquidity
WPM has a Current Ratio of 7.38. This indicates that WPM is financially healthy and has no problem in meeting its short term obligations.
WPM's Current ratio of 7.38 is amongst the best of the industry. WPM outperforms 86.54% of its industry peers.
A Quick Ratio of 7.38 indicates that WPM has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 7.38, WPM belongs to the top of the industry, outperforming 87.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 7.38 | ||
| Quick Ratio | 7.38 |
3. Growth
3.1 Past
WPM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 48.15%, 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 46.79%.
The Revenue has been growing by 8.32% on average over the past years. This is quite good.
EPS 1Y (TTM)48.15%
EPS 3Y3.74%
EPS 5Y21.22%
EPS Q2Q%91.19%
Revenue 1Y (TTM)46.79%
Revenue growth 3Y2.25%
Revenue growth 5Y8.32%
Sales Q2Q%68.25%
3.2 Future
Based on estimates for the next years, WPM will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.19% on average per year.
WPM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.61% yearly.
EPS Next Y68.1%
EPS Next 2Y29.61%
EPS Next 3Y19%
EPS Next 5Y12.19%
Revenue Next Year50.93%
Revenue Next 2Y24.45%
Revenue Next 3Y18.58%
Revenue Next 5Y8.61%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
WPM is valuated quite expensively with a Price/Earnings ratio of 55.95.
Compared to the rest of the industry, the Price/Earnings ratio of WPM indicates a somewhat cheap valuation: WPM is cheaper than 62.18% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of WPM to the average of the S&P500 Index (27.86), we can say WPM is valued expensively.
WPM is valuated quite expensively with a Price/Forward Earnings ratio of 44.53.
WPM's Price/Forward Earnings is on the same level as the industry average.
WPM is valuated expensively when we compare the Price/Forward Earnings ratio to 23.32, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 55.95 | ||
| Fwd PE | 44.53 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as WPM.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of WPM indicates a somewhat cheap valuation: WPM is cheaper than 66.03% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 65.15 | ||
| EV/EBITDA | 37.58 |
4.3 Compensation for Growth
WPM's 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 19.00% in the coming years.
PEG (NY)0.82
PEG (5Y)2.64
EPS Next 2Y29.61%
EPS Next 3Y19%
5. Dividend
5.1 Amount
With a yearly dividend of 0.54%, WPM is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.48, WPM pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.54, WPM pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.54% |
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.
The dividend of WPM decreased recently.
Dividend Growth(5Y)16.13%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
WPM pays out 36.48% of its income as dividend. This is a sustainable payout ratio.
The dividend of WPM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP36.48%
EPS Next 2Y29.61%
EPS Next 3Y19%
109.66
-0.17 (-0.15%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners72.49%
Inst Owner Change0.49%
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap49.78B
Analysts78.75
Price Target118.74 (8.28%)
Short Float %1.4%
Short Ratio3.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.54% |
Yearly Dividend0.62
Dividend Growth(5Y)16.13%
DP36.48%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.82%
Min EPS beat(2)6.14%
Max EPS beat(2)13.49%
EPS beat(4)3
Avg EPS beat(4)4.46%
Min EPS beat(4)-1.83%
Max EPS beat(4)13.49%
EPS beat(8)7
Avg EPS beat(8)7.49%
EPS beat(12)8
Avg EPS beat(12)4.09%
EPS beat(16)10
Avg EPS beat(16)2.04%
Revenue beat(2)2
Avg Revenue beat(2)10.59%
Min Revenue beat(2)6.71%
Max Revenue beat(2)14.47%
Revenue beat(4)2
Avg Revenue beat(4)3.46%
Min Revenue beat(4)-4.5%
Max Revenue beat(4)14.47%
Revenue beat(8)4
Avg Revenue beat(8)0.67%
Revenue beat(12)5
Avg Revenue beat(12)-0.91%
Revenue beat(16)7
Avg Revenue beat(16)-1.73%
PT rev (1m)6.36%
PT rev (3m)16.63%
EPS NQ rev (1m)1.88%
EPS NQ rev (3m)30.07%
EPS NY rev (1m)1.62%
EPS NY rev (3m)15.8%
Revenue NQ rev (1m)1.52%
Revenue NQ rev (3m)11.59%
Revenue NY rev (1m)1.56%
Revenue NY rev (3m)9.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 55.95 | ||
| Fwd PE | 44.53 | ||
| P/S | 29.95 | ||
| P/FCF | 65.15 | ||
| P/OCF | 36.89 | ||
| P/B | 6.44 | ||
| P/tB | 6.44 | ||
| EV/EBITDA | 37.58 |
EPS(TTM)1.96
EY1.79%
EPS(NY)2.46
Fwd EY2.25%
FCF(TTM)1.68
FCFY1.53%
OCF(TTM)2.97
OCFY2.71%
SpS3.66
BVpS17.02
TBVpS17.02
PEG (NY)0.82
PEG (5Y)2.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.88% | ||
| ROE | 10.21% | ||
| ROCE | 13.04% | ||
| ROIC | 11.86% | ||
| ROICexc | 13.6% | ||
| ROICexgc | 13.6% | ||
| OM | 61.53% | ||
| PM (TTM) | 47.46% | ||
| GM | 67.19% | ||
| FCFM | 45.97% |
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%
ROICexcg growth 3Y3.88%
ROICexcg 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 Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Debt/EBITDA | 0.01 | ||
| Cap/Depr | 211.04% | ||
| Cap/Sales | 35.22% | ||
| Interest Coverage | 3226.52 | ||
| Cash Conversion | 103.8% | ||
| Profit Quality | 96.85% | ||
| Current Ratio | 7.38 | ||
| Quick Ratio | 7.38 | ||
| Altman-Z | 118 |
F-Score6
WACC8.6%
ROIC/WACC1.38
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)48.15%
EPS 3Y3.74%
EPS 5Y21.22%
EPS Q2Q%91.19%
EPS Next Y68.1%
EPS Next 2Y29.61%
EPS Next 3Y19%
EPS Next 5Y12.19%
Revenue 1Y (TTM)46.79%
Revenue growth 3Y2.25%
Revenue growth 5Y8.32%
Sales Q2Q%68.25%
Revenue Next Year50.93%
Revenue Next 2Y24.45%
Revenue Next 3Y18.58%
Revenue Next 5Y8.61%
EBIT growth 1Y70.84%
EBIT growth 3Y6.86%
EBIT growth 5Y20.15%
EBIT Next Year115.24%
EBIT Next 3Y32.43%
EBIT Next 5Y19.17%
FCF growth 1Y68.82%
FCF growth 3Y-22.11%
FCF growth 5Y-4.46%
OCF growth 1Y103.25%
OCF growth 3Y6.73%
OCF growth 5Y15.42%