PAN AMERICAN SILVER CORP (PAAS.CA) Stock Fundamental Analysis
Canada - TSX:PAAS - CA6979001089 - Common Stock
47.75 CAD
+0.05 (+0.1%)
We assign a fundamental rating of 7 out of 10 to PAAS. PAAS was compared to 792 industry peers in the Metals & Mining industry. PAAS has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. PAAS scores decently on growth, while it is valued quite cheap. This could make an interesting combination. With these ratings, PAAS could be worth investigating further for value and quality 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.
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 90.78% of its industry peers.
With an excellent Return On Equity value of 10.53%, PAAS belongs to the best of the industry, outperforming 91.29% of the companies in the same industry.
PAAS has a Return On Invested Capital of 7.56%. This is amongst the best in the industry. PAAS outperforms 92.68% of its industry peers.
| 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's Profit Margin of 16.76% is amongst the best of the industry. PAAS outperforms 93.18% of its industry peers.
In the last couple of years the Profit Margin of PAAS has declined.
PAAS's Operating Margin of 22.66% is amongst the best of the industry. PAAS outperforms 93.18% of its industry peers.
In the last couple of years the Operating Margin of PAAS has grown nicely.
With an excellent Gross Margin value of 28.26%, PAAS belongs to the best of the industry, outperforming 90.78% of the companies in the same industry.
In the last couple of years the Gross Margin of PAAS has grown nicely.
| 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
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.
Compared to 5 years ago, PAAS has more shares outstanding
Compared to 1 year ago, PAAS has a worse debt to assets ratio.
2.2 Solvency
PAAS has an Altman-Z score of 4.35. This indicates that PAAS is financially healthy and has little risk of bankruptcy at the moment.
PAAS's Altman-Z score of 4.35 is in line compared to the rest of the industry. PAAS outperforms 57.20% of its industry peers.
PAAS has a debt to FCF ratio of 1.21. This is a very positive value and a sign of high solvency as it would only need 1.21 years to pay back of all of its debts.
PAAS's Debt to FCF ratio of 1.21 is amongst the best of the industry. PAAS outperforms 93.56% of its industry peers.
A Debt/Equity ratio of 0.15 indicates that PAAS is not too dependend on debt financing.
PAAS's Debt to Equity ratio of 0.15 is on the low side compared to the rest of the industry. PAAS is outperformed by 66.16% of its industry peers.
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 | 0.15 | ||
| Debt/FCF | 1.21 | ||
| Altman-Z | 4.35 |
ROIC/WACC0.92
WACC8.24%
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's Current ratio of 3.05 is in line compared to the rest of the industry. PAAS outperforms 59.60% of its industry peers.
PAAS has a Quick Ratio of 2.11. This indicates that PAAS is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of PAAS (2.11) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.05 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
PAAS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 1588.89%, which is quite impressive.
PAAS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.51% yearly.
Looking at the last year, PAAS shows a very strong growth in Revenue. The Revenue has grown by 21.09%.
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)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
Based on estimates for the next years, PAAS will show a small growth in Earnings Per Share. The EPS will grow by 1.88% on average per year.
The Revenue is expected to grow by 7.63% on average over the next years.
EPS Next Y137.38%
EPS Next 2Y70.71%
EPS Next 3Y39.27%
EPS Next 5Y1.88%
Revenue Next Year16.16%
Revenue Next 2Y10.75%
Revenue Next 3Y5.96%
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.
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
PAAS is valuated rather expensively with a Price/Earnings ratio of 22.31.
Based on the Price/Earnings ratio, PAAS is valued cheaply inside the industry as 90.66% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 25.67. PAAS is around the same levels.
With a Price/Forward Earnings ratio of 14.72, PAAS is valued correctly.
Based on the Price/Forward Earnings ratio, PAAS is valued cheaper than 89.77% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PAAS to the average of the S&P500 Index (31.86), we can say PAAS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.31 | ||
| Fwd PE | 14.72 |
4.2 Price Multiples
93.81% of the companies in the same industry are more expensive than PAAS, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PAAS indicates a rather cheap valuation: PAAS is cheaper than 94.95% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.04 | ||
| EV/EBITDA | 11.04 |
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.
PAAS's earnings are expected to grow with 39.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.16
PEG (5Y)43.4
EPS Next 2Y70.71%
EPS Next 3Y39.27%
5. Dividend
5.1 Amount
PAAS has a Yearly Dividend Yield of 1.16%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 12.97, PAAS pays a better dividend. On top of this PAAS pays more dividend than 97.10% of the companies listed in the same industry.
With a Dividend Yield of 1.16, PAAS pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
5.2 History
The dividend of PAAS is nicely growing with an annual growth rate of 19.89%!
PAAS has paid a dividend for at least 10 years, which is a reliable track record.
PAAS has decreased its dividend recently.
Dividend Growth(5Y)19.89%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
27.77% of the earnings are spent on dividend by PAAS. This is a low number and sustainable payout ratio.
PAAS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP27.77%
EPS Next 2Y70.71%
EPS Next 3Y39.27%
TSX:PAAS (11/6/2025, 7:00:00 PM)
47.75
+0.05 (+0.1%)
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 Cap20.15B
Revenue(TTM)3.12B
Net Income(TTM)522.20M
Analysts80
Price Target45.13 (-5.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
Yearly Dividend0.56
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)9.34%
PT rev (3m)23.15%
EPS NQ rev (1m)-0.71%
EPS NQ rev (3m)10.06%
EPS NY rev (1m)0%
EPS NY rev (3m)49.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)18.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.31 | ||
| Fwd PE | 14.72 | ||
| P/S | 4.59 | ||
| P/FCF | 21.04 | ||
| P/OCF | 14.76 | ||
| P/B | 2.88 | ||
| P/tB | 2.88 | ||
| EV/EBITDA | 11.04 |
EPS(TTM)2.14
EY4.48%
EPS(NY)3.24
Fwd EY6.79%
FCF(TTM)2.27
FCFY4.75%
OCF(TTM)3.23
OCFY6.77%
SpS10.41
BVpS16.56
TBVpS16.56
PEG (NY)0.16
PEG (5Y)43.4
Graham Number28.24
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
ROICexgc growth 3Y-13.28%
ROICexgc 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 | 4.35 |
F-Score9
WACC8.24%
ROIC/WACC0.92
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 Y137.38%
EPS Next 2Y70.71%
EPS Next 3Y39.27%
EPS Next 5Y1.88%
Revenue 1Y (TTM)21.09%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%18.3%
Revenue Next Year16.16%
Revenue Next 2Y10.75%
Revenue Next 3Y5.96%
Revenue Next 5Y7.63%
EBIT growth 1Y326.96%
EBIT growth 3Y9.55%
EBIT growth 5Y19.41%
EBIT Next Year161.44%
EBIT Next 3Y44.83%
EBIT Next 5Y9.36%
FCF growth 1Y472.75%
FCF growth 3Y39.19%
FCF growth 5Y39.97%
OCF growth 1Y775.55%
OCF growth 3Y22.69%
OCF growth 5Y20.76%
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 22.31 and the Price/Book (PB) ratio is 2.88.
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 27.77%.