PAN AMERICAN SILVER CORP (PAAS.CA) Stock Fundamental Analysis
Canada - TSX:PAAS - CA6979001089 - Common Stock
48.67 CAD
-1.14 (-2.29%)
Taking everything into account, PAAS scores 7 out of 10 in our fundamental rating. PAAS was compared to 807 industry peers in the Metals & Mining industry. PAAS gets an excellent profitability rating and is at the same time showing great financial health properties. PAAS is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings would make PAAS suitable for value and quality 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.
PAAS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PAAS's Return On Assets of 7.09% is amongst the best of the industry. PAAS outperforms 91.33% of its industry peers.
Looking at the Return On Equity, with a value of 10.53%, PAAS belongs to the top of the industry, outperforming 91.95% of the companies in the same industry.
With an excellent Return On Invested Capital value of 7.56%, PAAS belongs to the best of the industry, outperforming 92.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.09% | ||
| ROE | 10.53% | ||
| ROIC | 7.56% |
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 (16.76%) than 93.56% of its industry peers.
PAAS's Profit Margin has declined in the last couple of years.
PAAS's Operating Margin of 22.66% is amongst the best of the industry. PAAS outperforms 92.94% of its industry peers.
PAAS's Operating Margin has improved in the last couple of years.
The Gross Margin of PAAS (28.26%) is better than 90.71% of its industry peers.
PAAS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.66% | ||
| PM (TTM) | 16.76% | ||
| GM | 28.26% |
OM growth 3Y-8.68%
OM growth 5Y3.07%
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
PAAS has more shares outstanding than it did 5 years ago.
The debt/assets ratio for PAAS is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.51 indicates that PAAS is not in any danger for bankruptcy at the moment.
PAAS has a better Altman-Z score (4.51) than 61.21% of its industry peers.
The Debt to FCF ratio of PAAS is 1.21, which is an excellent value as it means it would take PAAS, only 1.21 years of fcf income to pay off all of its debts.
PAAS has a Debt to FCF ratio of 1.21. This is amongst the best in the industry. PAAS outperforms 94.18% of its industry peers.
PAAS has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.15, PAAS is not doing good in the industry: 65.80% 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 | 0.15 | ||
| Debt/FCF | 1.21 | ||
| Altman-Z | 4.51 |
ROIC/WACC0.85
WACC8.87%
2.3 Liquidity
PAAS has a Current Ratio of 3.05. This indicates that PAAS is financially healthy and has no problem in meeting its short term obligations.
PAAS has a better Current ratio (3.05) than 63.57% of its industry peers.
A Quick Ratio of 2.11 indicates that PAAS has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.11, PAAS is in line with its industry, outperforming 57.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.05 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 1588.89% over the past year.
The Earnings Per Share has been growing slightly by 0.51% on average over the past years.
PAAS shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.09%.
The Revenue has been growing by 15.85% on average over the past years. This is quite good.
EPS 1Y (TTM)1588.89%
EPS 3Y0.86%
EPS 5Y0.51%
EPS Q2Q%290.91%
Revenue 1Y (TTM)21.09%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%18.3%
3.2 Future
The Earnings Per Share is expected to grow by 2.59% on average over the next years.
Based on estimates for the next years, PAAS will show a decrease in Revenue. The Revenue will decrease by -1.10% on average per year.
EPS Next Y128.96%
EPS Next 2Y64.92%
EPS Next 3Y39.97%
EPS Next 5Y2.59%
Revenue Next Year13.45%
Revenue Next 2Y10.75%
Revenue Next 3Y5.96%
Revenue Next 5Y-1.1%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.29, PAAS is valued on the expensive side.
Based on the Price/Earnings ratio, PAAS is valued cheaper than 90.71% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.20. PAAS is around the same levels.
A Price/Forward Earnings ratio of 16.47 indicates a correct valuation of PAAS.
PAAS's Price/Forward Earnings ratio is rather cheap when compared to the industry. PAAS is cheaper than 89.84% of the companies in the same industry.
PAAS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.29 | ||
| Fwd PE | 16.47 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAAS is valued cheaply inside the industry as 92.94% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PAAS indicates a rather cheap valuation: PAAS is cheaper than 94.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.97 | ||
| EV/EBITDA | 11.54 |
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.
A more expensive valuation may be justified as PAAS's earnings are expected to grow with 39.97% in the coming years.
PEG (NY)0.18
PEG (5Y)45.29
EPS Next 2Y64.92%
EPS Next 3Y39.97%
5. Dividend
5.1 Amount
PAAS has a Yearly Dividend Yield of 1.13%.
PAAS's Dividend Yield is rather good when compared to the industry average which is at 13.98. PAAS pays more dividend than 96.78% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, PAAS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
5.2 History
The dividend of PAAS is nicely growing with an annual growth rate of 19.89%!
PAAS has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of PAAS decreased recently.
Dividend Growth(5Y)19.89%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
PAAS pays out 27.77% of its income as dividend. This is a sustainable payout ratio.
PAAS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP27.77%
EPS Next 2Y64.92%
EPS Next 3Y39.97%
TSX:PAAS (9/17/2025, 7:00:00 PM)
48.67
-1.14 (-2.29%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners60.88%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap20.54B
Analysts80
Price Target41.28 (-15.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
Yearly Dividend0.55
Dividend Growth(5Y)19.89%
DP27.77%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)66.11%
Min EPS beat(2)3.45%
Max EPS beat(2)128.76%
EPS beat(4)3
Avg EPS beat(4)48.03%
Min EPS beat(4)-3.07%
Max EPS beat(4)128.76%
EPS beat(8)4
Avg EPS beat(8)7.71%
EPS beat(12)6
Avg EPS beat(12)14.41%
EPS beat(16)6
Avg EPS beat(16)-3.74%
Revenue beat(2)2
Avg Revenue beat(2)9.94%
Min Revenue beat(2)7.91%
Max Revenue beat(2)11.97%
Revenue beat(4)2
Avg Revenue beat(4)-0.18%
Min Revenue beat(4)-18.79%
Max Revenue beat(4)11.97%
Revenue beat(8)2
Avg Revenue beat(8)-2.92%
Revenue beat(12)3
Avg Revenue beat(12)-2.38%
Revenue beat(16)3
Avg Revenue beat(16)-3.88%
PT rev (1m)12.64%
PT rev (3m)14.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)70.91%
EPS NY rev (1m)44.41%
EPS NY rev (3m)44.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2.83%
Revenue NY rev (3m)7.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.29 | ||
| Fwd PE | 16.47 | ||
| P/S | 4.79 | ||
| P/FCF | 21.97 | ||
| P/OCF | 15.42 | ||
| P/B | 3.01 | ||
| P/tB | 3.01 | ||
| EV/EBITDA | 11.54 |
EPS(TTM)2.09
EY4.29%
EPS(NY)2.96
Fwd EY6.07%
FCF(TTM)2.22
FCFY4.55%
OCF(TTM)3.16
OCFY6.49%
SpS10.16
BVpS16.17
TBVpS16.17
PEG (NY)0.18
PEG (5Y)45.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.09% | ||
| ROE | 10.53% | ||
| ROCE | 10.51% | ||
| ROIC | 7.56% | ||
| ROICexc | 9.06% | ||
| ROICexgc | 9.06% | ||
| OM | 22.66% | ||
| PM (TTM) | 16.76% | ||
| GM | 28.26% | ||
| FCFM | 21.81% |
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
ROICexcg growth 3Y-13.28%
ROICexcg growth 5Y4.91%
ROICexc growth 3Y-13.24%
ROICexc growth 5Y4.95%
OM growth 3Y-8.68%
OM growth 5Y3.07%
PM growth 3Y-12.81%
PM growth 5Y-13.56%
GM growth 3Y-4.78%
GM growth 5Y2.77%
F-Score9
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.21 | ||
| Debt/EBITDA | 0.61 | ||
| Cap/Depr | 51.52% | ||
| Cap/Sales | 9.27% | ||
| Interest Coverage | 18.93 | ||
| Cash Conversion | 76.45% | ||
| Profit Quality | 130.14% | ||
| Current Ratio | 3.05 | ||
| Quick Ratio | 2.11 | ||
| Altman-Z | 4.51 |
F-Score9
WACC8.87%
ROIC/WACC0.85
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)1588.89%
EPS 3Y0.86%
EPS 5Y0.51%
EPS Q2Q%290.91%
EPS Next Y128.96%
EPS Next 2Y64.92%
EPS Next 3Y39.97%
EPS Next 5Y2.59%
Revenue 1Y (TTM)21.09%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%18.3%
Revenue Next Year13.45%
Revenue Next 2Y10.75%
Revenue Next 3Y5.96%
Revenue Next 5Y-1.1%
EBIT growth 1Y326.96%
EBIT growth 3Y9.55%
EBIT growth 5Y19.41%
EBIT Next Year125.64%
EBIT Next 3Y43.41%
EBIT Next 5Y-7.85%
FCF growth 1Y472.75%
FCF growth 3Y39.19%
FCF growth 5Y39.97%
OCF growth 1Y775.55%
OCF growth 3Y22.69%
OCF growth 5Y20.76%