PAN AMERICAN SILVER CORP (PAAS.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:PAAS - CA6979001089 - Common Stock
61.66 CAD
-0.31 (-0.5%)
Taking everything into account, PAAS scores 7 out of 10 in our fundamental rating. PAAS was compared to 796 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. An interesting combination arises when we look at growth and value: PAAS is growing strongly while it also seems undervalued. With these ratings, PAAS could be worth investigating further 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
The Return On Assets of PAAS (6.93%) is better than 90.08% of its industry peers.
PAAS has a Return On Equity of 9.58%. This is amongst the best in the industry. PAAS outperforms 90.20% of its industry peers.
PAAS has a Return On Invested Capital of 7.04%. This is amongst the best in the industry. PAAS outperforms 91.83% of its industry peers.
| 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
With an excellent Profit Margin value of 19.48%, PAAS belongs to the best of the industry, outperforming 93.59% of the companies in the same industry.
PAAS's Profit Margin has declined in the last couple of years.
PAAS's Operating Margin of 25.17% is amongst the best of the industry. PAAS outperforms 93.72% of its industry peers.
In the last couple of years the Operating Margin of PAAS has grown nicely.
PAAS's Gross Margin of 31.40% is amongst the best of the industry. PAAS outperforms 91.46% of its industry peers.
In the last couple of years the Gross Margin of PAAS has grown nicely.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PAAS is destroying value.
The number of shares outstanding for PAAS has been reduced compared to 1 year ago.
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 5.08 indicates that PAAS is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.08, PAAS is in line with its industry, outperforming 55.65% of the companies in the same 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.
PAAS has a Debt to FCF ratio of 1.15. This is amongst the best in the industry. PAAS outperforms 93.47% of its industry peers.
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: 65.33% of the companies in the same industry are doing better.
Although PAAS does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.15 | ||
| Altman-Z | 5.08 |
ROIC/WACC0.8
WACC8.8%
2.3 Liquidity
A Current Ratio of 2.31 indicates that PAAS has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.31, PAAS is in line with its industry, outperforming 53.02% of the companies in the same industry.
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.
With a Quick ratio value of 1.55, PAAS perfoms like the industry average, outperforming 47.86% of the companies in the same 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
The Earnings Per Share is expected to grow by 21.25% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 10.31% on average over the next years. This is quite good.
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 5Y10.31%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
PAAS is valuated quite expensively with a Price/Earnings ratio of 26.24.
90.20% of the companies in the same industry are more expensive than PAAS, based on the Price/Earnings ratio.
PAAS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 16.24, PAAS is valued correctly.
90.08% of the companies in the same industry are more expensive than PAAS, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.10, PAAS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.24 | ||
| Fwd PE | 16.24 |
4.2 Price Multiples
PAAS's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. PAAS is cheaper than 92.59% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PAAS indicates a rather cheap valuation: PAAS is cheaper than 94.35% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.96 | ||
| EV/EBITDA | 13.52 |
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)0.17
PEG (5Y)51.03
EPS Next 2Y85.47%
EPS Next 3Y48.22%
5. Dividend
5.1 Amount
With a yearly dividend of 0.97%, 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 11.98. PAAS pays more dividend than 96.98% of the companies in the same industry.
With a Dividend Yield of 0.97, PAAS pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.97% |
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
PAAS pays out 23.99% of its income as dividend. This is a 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 (12/4/2025, 7:00:00 PM)
61.66
-0.31 (-0.5%)
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 Cap26.02B
Revenue(TTM)3.25B
Net Income(TTM)634.10M
Analysts80
Price Target53.29 (-13.57%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.97% |
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)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)29.11%
PT rev (3m)42.45%
EPS NQ rev (1m)52.15%
EPS NQ rev (3m)61.42%
EPS NY rev (1m)5.91%
EPS NY rev (3m)9.8%
Revenue NQ rev (1m)40.13%
Revenue NQ rev (3m)40.13%
Revenue NY rev (1m)2.48%
Revenue NY rev (3m)4.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.24 | ||
| Fwd PE | 16.24 | ||
| P/S | 5.72 | ||
| P/FCF | 24.96 | ||
| P/OCF | 17.72 | ||
| P/B | 2.81 | ||
| P/tB | 2.81 | ||
| EV/EBITDA | 13.52 |
EPS(TTM)2.35
EY3.81%
EPS(NY)3.8
Fwd EY6.16%
FCF(TTM)2.47
FCFY4.01%
OCF(TTM)3.48
OCFY5.64%
SpS10.78
BVpS21.91
TBVpS21.91
PEG (NY)0.17
PEG (5Y)51.03
Graham Number34.03
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 | 5.08 |
F-Score8
WACC8.8%
ROIC/WACC0.8
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 5Y10.31%
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 26.24 and the Price/Book (PB) ratio is 2.81.
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%.