WHEATON PRECIOUS METALS CORP (WPM)
CA9628791027 - Common Stock
We assign a fundamental rating of 6 out of 10 to WPM. WPM was compared to 155 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 valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year WPM was profitable.
WPM had a positive operating cash flow in the past year.
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.
1.2 Ratios
WPM has a better Return On Assets (7.65%) than 81.94% of its industry peers.
The Return On Equity of WPM (7.70%) is better than 72.26% of its industry peers.
With a decent Return On Invested Capital value of 5.70%, WPM is doing good in the industry, outperforming 68.39% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for WPM is below the industry average of 9.03%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.65% | ||
| ROE | 7.7% | ||
| ROIC | 5.7% |
ROA(3y)9.84%
ROA(5y)7.89%
ROE(3y)9.91%
ROE(5y)8.05%
ROIC(3y)6.38%
ROIC(5y)5.96%
1.3 Margins
Looking at the Profit Margin, with a value of 52.91%, WPM belongs to the top of the industry, outperforming 99.35% of the companies in the same industry.
In the last couple of years the Profit Margin of WPM has remained more or less at the same level.
The Operating Margin of WPM (49.72%) is better than 96.77% of its industry peers.
In the last couple of years the Operating Margin of WPM has grown nicely.
The Gross Margin of WPM (56.44%) is better than 92.26% of its industry peers.
In the last couple of years the Gross Margin of WPM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 49.72% | ||
| PM (TTM) | 52.91% | ||
| GM | 56.44% |
OM growth 3Y1.59%
OM growth 5Y10.08%
PM growth 3Y4.53%
PM growth 5Y-0.33%
GM growth 3Y1.85%
GM growth 5Y8.66%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WPM is destroying 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.
WPM has a worse debt/assets ratio than last year.
2.2 Solvency
WPM has an Altman-Z score of 333.61. This indicates that WPM is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 333.61, WPM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
WPM has a debt to FCF ratio of 0.01. This is a very positive value and a sign of high solvency as it would only need 0.01 years to pay back of all of its debts.
The Debt to FCF ratio of WPM (0.01) is better than 96.13% of its industry peers.
A Debt/Equity ratio of 0.00 indicates that WPM is not too dependend on debt financing.
The Debt to Equity ratio of WPM (0.00) is better than 77.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | 333.61 |
ROIC/WACC0.71
WACC8.08%
2.3 Liquidity
A Current Ratio of 21.76 indicates that WPM has no problem at all paying its short term obligations.
WPM's Current ratio of 21.76 is amongst the best of the industry. WPM outperforms 98.06% of its industry peers.
A Quick Ratio of 21.71 indicates that WPM has no problem at all paying its short term obligations.
WPM has a better Quick ratio (21.71) than 98.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 21.76 | ||
| Quick Ratio | 21.71 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 30.86% over the past year.
WPM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.63% yearly.
WPM shows a decrease in Revenue. In the last year, the revenue decreased by -4.61%.
WPM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.06% yearly.
EPS 1Y (TTM)30.86%
EPS 3Y2.22%
EPS 5Y19.63%
EPS growth Q2Q56.28%
Revenue 1Y (TTM)-4.61%
Revenue growth 3Y-2.5%
Revenue growth 5Y5.06%
Revenue growth Q2Q38.39%
3.2 Future
WPM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.34% yearly.
Based on estimates for the next years, WPM will show a small growth in Revenue. The Revenue will grow by 6.89% on average per year.
EPS Next Y-3.41%
EPS Next 2Y6.81%
EPS Next 3Y2.33%
EPS Next 5Y4.34%
Revenue Next Year16.44%
Revenue Next 2Y15.78%
Revenue Next 3Y11.41%
Revenue Next 5Y6.89%
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 decreasing.
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.
4. Valuation
4.1 Price/Earnings Ratio
WPM is valuated quite expensively with a Price/Earnings ratio of 43.52.
WPM's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 28.15. WPM is valued rather expensively when compared to this.
WPM is valuated quite expensively with a Price/Forward Earnings ratio of 42.49.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WPM is on the same level as its industry peers.
WPM is valuated expensively when we compare the Price/Forward Earnings ratio to 20.20, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.52 | ||
| Fwd PE | 42.49 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WPM is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of WPM indicates a somewhat cheap valuation: WPM is cheaper than 71.61% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.42 | ||
| EV/EBITDA | 34.34 |
4.3 Compensation for Growth
The excellent profitability rating of WPM may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.22
EPS Next 2Y6.81%
EPS Next 3Y2.33%
5. Dividend
5.1 Amount
WPM has a Yearly Dividend Yield of 1.08%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.79, WPM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, WPM's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
5.2 History
On average, the dividend of WPM grows each year by 14.34%, which is quite nice.
WPM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)14.34%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
WPM pays out 49.31% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of WPM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP49.31%
EPS Next 2Y6.81%
EPS Next 3Y2.33%
WHEATON PRECIOUS METALS CORP
NYSE:WPM (5/17/2024, 7:04:00 PM)
After market: 57.18 +0.17 (+0.3%)57.01
+1.18 (+2.11%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap25.84B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.52 | ||
| Fwd PE | 42.49 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)2.22
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.65% | ||
| ROE | 7.7% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 49.72% | ||
| PM (TTM) | 52.91% | ||
| GM | 56.44% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 21.76 | ||
| Quick Ratio | 21.71 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)30.86%
EPS 3Y2.22%
EPS 5Y
EPS growth Q2Q
EPS Next Y-3.41%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-4.61%
Revenue growth 3Y-2.5%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y