PAN AMERICAN SILVER CORP (PAAS.CA) Stock Fundamental Analysis
Canada - TSX:PAAS - CA6979001089 - Common Stock
54.94 CAD
+1.74 (+3.27%)
Overall PAAS gets a fundamental rating of 7 out of 10. We evaluated PAAS against 799 industry peers in the Metals & Mining industry. While PAAS belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. PAAS is valued quite cheap, while showing a decent growth score. This is a good combination! This makes PAAS very considerable for value investing!
1. Profitability
1.1 Basic Checks
In the past year PAAS was profitable.
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.
In the past 5 years PAAS always reported a positive cash flow from operatings.
1.2 Ratios
PAAS has a Return On Assets of 6.93%. This is amongst the best in the industry. PAAS outperforms 90.36% of its industry peers.
PAAS has a Return On Equity of 9.58%. This is amongst the best in the industry. PAAS outperforms 90.49% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.04%, PAAS belongs to the top of the industry, outperforming 91.86% 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 has a better Profit Margin (19.48%) than 93.74% of its industry peers.
PAAS's Profit Margin has declined in the last couple of years.
PAAS has a better Operating Margin (25.17%) than 93.87% of its industry peers.
PAAS's Operating Margin has improved in the last couple of years.
The Gross Margin of PAAS (31.40%) is better than 91.49% of its industry peers.
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.
Compared to 1 year ago, PAAS has less shares outstanding
The number of shares outstanding for PAAS has been increased compared to 5 years ago.
The debt/assets ratio for PAAS is higher compared to a year ago.
2.2 Solvency
PAAS has an Altman-Z score of 4.58. This indicates that PAAS is financially healthy and has little risk of bankruptcy at the moment.
PAAS has a Altman-Z score (4.58) which is comparable to the rest of the industry.
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.
With an excellent Debt to FCF ratio value of 1.15, PAAS belongs to the best of the industry, outperforming 93.62% of the companies in the same industry.
A Debt/Equity ratio of 0.12 indicates that PAAS is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.12, PAAS is not doing good in the industry: 64.96% of the companies in the same industry are doing better.
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 | 4.58 |
ROIC/WACC0.82
WACC8.57%
2.3 Liquidity
PAAS has a Current Ratio of 2.31. This indicates that PAAS is financially healthy and has no problem in meeting its short term obligations.
PAAS has a Current ratio of 2.31. This is comparable to the rest of the industry: PAAS outperforms 52.94% of its industry peers.
A Quick Ratio of 1.55 indicates that PAAS should not have too much problems paying its short term obligations.
PAAS has a Quick ratio of 1.55. This is comparable to the rest of the industry: PAAS outperforms 47.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.31 | ||
| Quick Ratio | 1.55 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 320.00% over the past year.
PAAS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.51% yearly.
PAAS shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.75%.
Measured over the past years, PAAS shows a quite strong growth in Revenue. The Revenue has been growing by 15.85% on average per year.
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
Based on estimates for the next years, PAAS will show a very strong growth in Earnings Per Share. The EPS will grow by 21.25% on average per year.
Based on estimates for the next years, PAAS will show a small growth in Revenue. The Revenue will grow by 7.63% on average per year.
EPS Next Y151.4%
EPS Next 2Y85.47%
EPS Next 3Y48.22%
EPS Next 5Y21.25%
Revenue Next Year19.04%
Revenue Next 2Y14.42%
Revenue Next 3Y10.04%
Revenue Next 5Y7.63%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.38, PAAS is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of PAAS indicates a rather cheap valuation: PAAS is cheaper than 90.86% of the companies listed in the same industry.
PAAS's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.47.
Based on the Price/Forward Earnings ratio of 14.43, the valuation of PAAS can be described as correct.
Based on the Price/Forward Earnings ratio, PAAS is valued cheaply inside the industry as 90.36% of the companies are valued more expensively.
PAAS is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.42, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.38 | ||
| Fwd PE | 14.43 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAAS is valued cheaper than 93.24% of the companies in the same industry.
94.87% of the companies in the same industry are more expensive than PAAS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.18 | ||
| EV/EBITDA | 12.01 |
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 48.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.15
PEG (5Y)45.47
EPS Next 2Y85.47%
EPS Next 3Y48.22%
5. Dividend
5.1 Amount
PAAS has a Yearly Dividend Yield of 1.05%. Purely for dividend investing, there may be better candidates out there.
PAAS's Dividend Yield is rather good when compared to the industry average which is at 12.80. PAAS pays more dividend than 97.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, PAAS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
5.2 History
On average, the dividend of PAAS grows each year by 19.86%, which is quite nice.
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.
PAAS's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP23.99%
EPS Next 2Y85.47%
EPS Next 3Y48.22%
TSX:PAAS (11/19/2025, 7:00:00 PM)
54.94
+1.74 (+3.27%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners55.31%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap23.18B
Revenue(TTM)3.25B
Net Income(TTM)634.10M
Analysts80
Price Target45.13 (-17.86%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
Yearly Dividend0.56
Dividend Growth(5Y)19.86%
DP23.99%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.15%
Min EPS beat(2)0.84%
Max EPS beat(2)3.45%
EPS beat(4)3
Avg EPS beat(4)32.5%
Min EPS beat(4)-3.07%
Max EPS beat(4)128.76%
EPS beat(8)5
Avg EPS beat(8)18.87%
EPS beat(12)6
Avg EPS beat(12)7.23%
EPS beat(16)7
Avg EPS beat(16)-0.53%
Revenue beat(2)1
Avg Revenue beat(2)2.1%
Min Revenue beat(2)-3.7%
Max Revenue beat(2)7.91%
Revenue beat(4)2
Avg Revenue beat(4)3.59%
Min Revenue beat(4)-3.7%
Max Revenue beat(4)11.97%
Revenue beat(8)2
Avg Revenue beat(8)-1.67%
Revenue beat(12)3
Avg Revenue beat(12)-2.04%
Revenue beat(16)3
Avg Revenue beat(16)-3.82%
PT rev (1m)9.34%
PT rev (3m)23.15%
EPS NQ rev (1m)0%
EPS NQ rev (3m)104.9%
EPS NY rev (1m)5.91%
EPS NY rev (3m)58.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2.48%
Revenue NY rev (3m)7.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.38 | ||
| Fwd PE | 14.43 | ||
| P/S | 5.08 | ||
| P/FCF | 22.18 | ||
| P/OCF | 15.74 | ||
| P/B | 2.5 | ||
| P/tB | 2.5 | ||
| EV/EBITDA | 12.01 |
EPS(TTM)2.35
EY4.28%
EPS(NY)3.81
Fwd EY6.93%
FCF(TTM)2.48
FCFY4.51%
OCF(TTM)3.49
OCFY6.35%
SpS10.81
BVpS21.97
TBVpS21.97
PEG (NY)0.15
PEG (5Y)45.47
Graham Number34.08
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 | 4.58 |
F-Score8
WACC8.57%
ROIC/WACC0.82
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 Y151.4%
EPS Next 2Y85.47%
EPS Next 3Y48.22%
EPS Next 5Y21.25%
Revenue 1Y (TTM)21.75%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%42.1%
Revenue Next Year19.04%
Revenue Next 2Y14.42%
Revenue Next 3Y10.04%
Revenue Next 5Y7.63%
EBIT growth 1Y182.68%
EBIT growth 3Y9.55%
EBIT growth 5Y19.4%
EBIT Next Year161.44%
EBIT Next 3Y44.83%
EBIT Next 5Y21.46%
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 of PAN AMERICAN SILVER CORP (PAAS.CA) stock?
ChartMill assigns a valuation rating of 8 / 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.
Can you provide the PE and PB ratios for PAAS stock?
The Price/Earnings (PE) ratio for PAN AMERICAN SILVER CORP (PAAS.CA) is 23.38 and the Price/Book (PB) ratio is 2.5.
How sustainable is the dividend of PAN AMERICAN SILVER CORP (PAAS.CA) stock?
The dividend rating of PAN AMERICAN SILVER CORP (PAAS.CA) is 5 / 10 and the dividend payout ratio is 23.99%.