PAN AMERICAN SILVER CORP (PAAS.CA) Stock Fundamental Analysis
Canada - TSX:PAAS - CA6979001089 - Common Stock
50.16 CAD
+0.47 (+0.95%)
Overall PAAS gets a fundamental rating of 7 out of 10. We evaluated PAAS against 805 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 could make PAAS a good candidate for value and quality investing.
1. Profitability
1.1 Basic Checks
In the past year PAAS was profitable.
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
Looking at the Return On Assets, with a value of 7.09%, PAAS belongs to the top of the industry, outperforming 91.18% of the companies in the same industry.
PAAS has a better Return On Equity (10.53%) than 91.55% of its industry peers.
The Return On Invested Capital of PAAS (7.56%) is better than 92.80% 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 has a Profit Margin of 16.76%. This is amongst the best in the industry. PAAS outperforms 93.42% of its industry peers.
PAAS's Profit Margin has declined in the last couple of years.
PAAS has a better Operating Margin (22.66%) than 93.04% of its industry peers.
PAAS's Operating Margin has improved in the last couple of years.
PAAS has a better Gross Margin (28.26%) than 90.43% of its industry peers.
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.
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
An Altman-Z score of 4.51 indicates that PAAS is not in any danger for bankruptcy at the moment.
PAAS has a Altman-Z score (4.51) which is comparable to the rest of the industry.
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 has a better Debt to FCF ratio (1.21) than 93.91% 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.
The Debt to Equity ratio of PAAS (0.15) is worse than 65.84% 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 | 0.15 | ||
| Debt/FCF | 1.21 | ||
| Altman-Z | 4.51 |
ROIC/WACC0.93
WACC8.12%
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 Current ratio of 3.05. This is in the better half of the industry: PAAS outperforms 60.50% 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.
PAAS has a Quick ratio of 2.11. This is comparable to the rest of the industry: PAAS outperforms 55.53% of its industry peers.
| 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.
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
PAAS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.88% yearly.
PAAS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.63% yearly.
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.
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 23.55, PAAS is valued on the expensive side.
Based on the Price/Earnings ratio, PAAS is valued cheaply inside the industry as 91.06% of the companies are valued more expensively.
PAAS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.57, which is the current average of the S&P500 Index.
PAAS is valuated correctly with a Price/Forward Earnings ratio of 15.51.
90.31% of the companies in the same industry are more expensive than PAAS, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.09. PAAS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.55 | ||
| Fwd PE | 15.51 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PAAS indicates a rather cheap valuation: PAAS is cheaper than 93.66% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, PAAS is valued cheaper than 95.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.18 | ||
| EV/EBITDA | 11.53 |
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)0.17
PEG (5Y)45.8
EPS Next 2Y70.71%
EPS Next 3Y39.27%
5. Dividend
5.1 Amount
PAAS has a yearly dividend return of 0.98%, which is pretty low.
Compared to an average industry Dividend Yield of 12.79, PAAS pays a better dividend. On top of this PAAS pays more dividend than 96.89% of the companies listed in the same industry.
With a Dividend Yield of 0.98, PAAS pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.98% |
5.2 History
On average, the dividend of PAAS grows each year by 19.89%, which is quite nice.
PAAS has been paying a dividend for at least 10 years, so it has 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 (10/22/2025, 7:00:00 PM)
50.16
+0.47 (+0.95%)
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 Cap21.17B
Revenue(TTM)3.12B
Net Income(TTM)522.20M
Analysts80
Price Target41.28 (-17.7%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.98% |
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)0%
PT rev (3m)12.64%
EPS NQ rev (1m)0%
EPS NQ rev (3m)21.76%
EPS NY rev (1m)3.68%
EPS NY rev (3m)49.72%
Revenue NQ rev (1m)18.69%
Revenue NQ rev (3m)18.69%
Revenue NY rev (1m)2.39%
Revenue NY rev (3m)10.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.55 | ||
| Fwd PE | 15.51 | ||
| P/S | 4.84 | ||
| P/FCF | 22.18 | ||
| P/OCF | 15.56 | ||
| P/B | 3.04 | ||
| P/tB | 3.04 | ||
| EV/EBITDA | 11.53 |
EPS(TTM)2.13
EY4.25%
EPS(NY)3.23
Fwd EY6.45%
FCF(TTM)2.26
FCFY4.51%
OCF(TTM)3.22
OCFY6.43%
SpS10.37
BVpS16.51
TBVpS16.51
PEG (NY)0.17
PEG (5Y)45.8
Graham Number28.13
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 | 4.51 |
F-Score9
WACC8.12%
ROIC/WACC0.93
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%