PAN AMERICAN SILVER CORP (PAAS.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:PAAS - CA6979001089 - Common Stock
76.8 CAD
-1.11 (-1.42%)
PAAS gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 813 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 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.
- In the past year PAAS had a positive cash flow from operations.
- In multiple years PAAS reported negative net income over the last 5 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 90.77% of its industry peers.
- The Return On Equity of PAAS (9.58%) is better than 90.65% of its industry peers.
- PAAS has a better Return On Invested Capital (7.04%) than 91.88% 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
- Looking at the Profit Margin, with a value of 19.48%, PAAS belongs to the top of the industry, outperforming 93.73% of the companies in the same industry.
- PAAS's Profit Margin has declined in the last couple of years.
- PAAS has a Operating Margin of 25.17%. This is amongst the best in the industry. PAAS outperforms 93.48% of its industry peers.
- In the last couple of years the Operating Margin of PAAS has grown nicely.
- Looking at the Gross Margin, with a value of 31.40%, PAAS belongs to the top of the industry, outperforming 91.27% 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PAAS is destroying value.
- PAAS has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, PAAS has more shares outstanding
- The debt/assets ratio for PAAS is higher compared to a year ago.
2.2 Solvency
- PAAS has an Altman-Z score of 6.24. This indicates that PAAS is financially healthy and has little risk of bankruptcy at the moment.
- PAAS's Altman-Z score of 6.24 is in line compared to the rest of the industry. PAAS outperforms 56.95% of 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 93.48% of its industry peers.
- PAAS has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
- PAAS's Debt to Equity ratio of 0.12 is on the low side compared to the rest of the industry. PAAS is outperformed by 63.84% of its industry peers.
- 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 | 6.24 |
ROIC/WACC0.77
WACC9.18%
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.
- Looking at the Current ratio, with a value of 2.31, PAAS is in line with its industry, outperforming 54.61% of the companies in the same industry.
- A Quick Ratio of 1.55 indicates that PAAS should not have too much problems paying its short term obligations.
- The Quick ratio of PAAS (1.55) 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.
- Measured over the past 5 years, PAAS shows a small growth in Earnings Per Share. The EPS has been growing by 0.51% on average per year.
- PAAS shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.75%.
- PAAS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.85% yearly.
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 22.19% on average over the next years. This is a very strong growth
- Based on estimates for the next years, PAAS will show a quite strong growth in Revenue. The Revenue will grow by 10.31% on average per year.
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
- 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.
- 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
- With a Price/Earnings ratio of 32.82, PAAS can be considered very expensive at the moment.
- PAAS's Price/Earnings ratio is rather cheap when compared to the industry. PAAS is cheaper than 89.67% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.47, PAAS is valued at the same level.
- A Price/Forward Earnings ratio of 16.00 indicates a correct valuation of PAAS.
- 91.02% 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 24.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.82 | ||
| Fwd PE | 16 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, PAAS is valued cheaper than 92.37% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, PAAS is valued cheaper than 94.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.24 | ||
| EV/EBITDA | 17.12 |
4.3 Compensation for Growth
- The 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 65.96% in the coming years.
PEG (NY)0.18
PEG (5Y)63.83
EPS Next 2Y109.06%
EPS Next 3Y65.96%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.78%, 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 0.63. PAAS pays more dividend than 96.56% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.89, PAAS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.78% |
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.
- 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 (1/16/2026, 7:00:00 PM)
76.8
-1.11 (-1.42%)
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 Cap32.41B
Revenue(TTM)3.25B
Net Income(TTM)634.10M
Analysts80
Price Target55.5 (-27.73%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.78% |
Yearly Dividend0.55
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 | 32.82 | ||
| Fwd PE | 16 | ||
| P/S | 7.16 | ||
| P/FCF | 31.24 | ||
| P/OCF | 22.18 | ||
| P/B | 3.52 | ||
| P/tB | 3.52 | ||
| EV/EBITDA | 17.12 |
EPS(TTM)2.34
EY3.05%
EPS(NY)4.8
Fwd EY6.25%
FCF(TTM)2.46
FCFY3.2%
OCF(TTM)3.46
OCFY4.51%
SpS10.72
BVpS21.8
TBVpS21.8
PEG (NY)0.18
PEG (5Y)63.83
Graham Number33.88
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 | 6.24 |
F-Score8
WACC9.18%
ROIC/WACC0.77
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 32.82 and the Price/Book (PB) ratio is 3.52.
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%.