PAN AMERICAN SILVER CORP (PAAS.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:PAAS - CA6979001089 - Common Stock
85.07 CAD
+6.03 (+7.63%)
Overall PAAS gets a fundamental rating of 7 out of 10. We evaluated PAAS against 817 industry peers in the Metals & Mining industry. PAAS scores excellent on profitability, but there are some minor concerns on its financial health. PAAS has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! This makes PAAS very considerable for value and growth investing!
1. Profitability
1.1 Basic Checks
- PAAS had positive earnings in the past year.
- 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.
- Each year in the past 5 years PAAS had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 6.93%, PAAS belongs to the top of the industry, outperforming 90.70% of the companies in the same industry.
- With an excellent Return On Equity value of 9.58%, PAAS belongs to the best of the industry, outperforming 90.70% of the companies in the same industry.
- With an excellent Return On Invested Capital value of 7.04%, PAAS belongs to the best of the industry, outperforming 91.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.93% | ||
| ROE | 9.58% | ||
| ROIC | 7.04% |
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's Profit Margin of 19.48% is amongst the best of the industry. PAAS outperforms 93.76% of its industry peers.
- In the last couple of years the Profit Margin of PAAS has declined.
- PAAS's Operating Margin of 25.17% is amongst the best of the industry. PAAS outperforms 93.51% of its industry peers.
- PAAS's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 31.40%, PAAS belongs to the top of the industry, outperforming 91.19% of the companies in the same industry.
- PAAS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- PAAS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- PAAS has less shares outstanding than it did 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
- PAAS has an Altman-Z score of 6.39. This indicates that PAAS is financially healthy and has little risk of bankruptcy at the moment.
- PAAS has a Altman-Z score (6.39) which is in line with 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.
- PAAS's Debt to FCF ratio of 1.15 is amongst the best of the industry. PAAS outperforms 93.51% of its industry peers.
- A Debt/Equity ratio of 0.12 indicates that PAAS is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.12, PAAS is doing worse than 63.77% of the companies in the same industry.
- Even though the debt/equity ratio score it not favorable for PAAS, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.15 | ||
| Altman-Z | 6.39 |
ROIC/WACC0.74
WACC9.55%
2.3 Liquidity
- A Current Ratio of 2.31 indicates that PAAS has no problem at all paying its short term obligations.
- PAAS has a Current ratio (2.31) which is in line with 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.
- PAAS has a Quick ratio (1.55) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.31 | ||
| Quick Ratio | 1.55 |
3. Growth
3.1 Past
- PAAS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 320.00%, which is quite impressive.
- 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 21.75%.
- The Revenue has been growing by 15.85% on average over the past years. This is quite good.
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 Y180.18%
EPS Next 2Y109.06%
EPS Next 3Y65.96%
EPS Next 5Y22.19%
Revenue Next Year24.67%
Revenue Next 2Y22.83%
Revenue Next 3Y15.71%
Revenue Next 5Y10.31%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 36.67, the valuation of PAAS can be described as expensive.
- Based on the Price/Earnings ratio, PAAS is valued cheaply inside the industry as 89.96% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 27.32. PAAS is valued slightly more expensive when compared to this.
- The Price/Forward Earnings ratio is 17.86, which indicates a rather expensive current valuation of PAAS.
- 91.43% of the companies in the same industry are more expensive than PAAS, based on the Price/Forward Earnings ratio.
- PAAS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.67 | ||
| Fwd PE | 17.86 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PAAS indicates a rather cheap valuation: PAAS is cheaper than 92.53% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, PAAS is valued cheaper than 94.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.88 | ||
| EV/EBITDA | 17.58 |
4.3 Compensation for Growth
- PAAS's 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.
- PAAS's earnings are expected to grow with 65.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.2
PEG (5Y)71.32
EPS Next 2Y109.06%
EPS Next 3Y65.96%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.74%, PAAS is not a good candidate for dividend investing.
- PAAS's Dividend Yield is rather good when compared to the industry average which is at 0.64. PAAS pays more dividend than 96.57% of the companies in the same industry.
- With a Dividend Yield of 0.74, PAAS pays less dividend than the S&P500 average, which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
5.2 History
- The dividend of PAAS is nicely growing with an annual growth rate of 19.86%!
- PAAS has paid a dividend for at least 10 years, which is a reliable track record.
- The dividend of PAAS decreased recently.
Dividend Growth(5Y)19.86%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
- 23.99% of the earnings are spent on dividend by PAAS. This is a low number and 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 2Y109.06%
EPS Next 3Y65.96%
TSX:PAAS (1/22/2026, 7:00:00 PM)
85.07
+6.03 (+7.63%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-12 2025-11-12/amc
Earnings (Next)02-18 2026-02-18/amc
Inst Owners69.88%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap35.90B
Revenue(TTM)3.25B
Net Income(TTM)634.10M
Analysts80
Price Target55.5 (-34.76%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
Yearly Dividend0.56
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)4.14%
PT rev (3m)34.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)52.15%
EPS NY rev (1m)0%
EPS NY rev (3m)18.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)40.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.67 | ||
| Fwd PE | 17.86 | ||
| P/S | 8 | ||
| P/FCF | 34.88 | ||
| P/OCF | 24.76 | ||
| P/B | 3.93 | ||
| P/tB | 3.93 | ||
| EV/EBITDA | 17.58 |
EPS(TTM)2.32
EY2.73%
EPS(NY)4.76
Fwd EY5.6%
FCF(TTM)2.44
FCFY2.87%
OCF(TTM)3.44
OCFY4.04%
SpS10.64
BVpS21.63
TBVpS21.63
PEG (NY)0.2
PEG (5Y)71.32
Graham Number33.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.93% | ||
| ROE | 9.58% | ||
| ROCE | 9.77% | ||
| ROIC | 7.04% | ||
| ROICexc | 7.9% | ||
| ROICexgc | 7.9% | ||
| 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 Rank | Sector 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 | 6.39 |
F-Score8
WACC9.55%
ROIC/WACC0.74
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 Y180.18%
EPS Next 2Y109.06%
EPS Next 3Y65.96%
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.CA FAQ
What is the ChartMill fundamental rating of PAN AMERICAN SILVER CORP (PAAS.CA) stock?
ChartMill assigns a fundamental rating of 7 / 10 to PAAS.CA.
What is the valuation status for PAAS stock?
ChartMill assigns a valuation rating of 7 / 10 to PAN AMERICAN SILVER CORP (PAAS.CA). This can be considered as Undervalued.
How profitable is PAN AMERICAN SILVER CORP (PAAS.CA) stock?
PAN AMERICAN SILVER CORP (PAAS.CA) has a profitability rating of 7 / 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.CA) is 36.67 and the Price/Book (PB) ratio is 3.93.
Can you provide the dividend sustainability for PAAS stock?
The dividend rating of PAN AMERICAN SILVER CORP (PAAS.CA) is 5 / 10 and the dividend payout ratio is 23.99%.