PAN AMERICAN SILVER CORP (PAAS.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:PAAS - CA6979001089 - Common Stock
59.36 CAD
-0.44 (-0.74%)
We assign a fundamental rating of 7 out of 10 to PAAS. PAAS was compared to 796 industry peers in the Metals & Mining industry. PAAS has an excellent profitability rating, but there are some minor concerns on its financial health. PAAS may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make PAAS a good candidate for value 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.
PAAS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PAAS has a better Return On Assets (6.93%) than 90.20% of its industry peers.
Looking at the Return On Equity, with a value of 9.58%, PAAS belongs to the top of the industry, outperforming 90.33% of the companies in the same industry.
PAAS's Return On Invested Capital of 7.04% is amongst the best of 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
PAAS's Profit Margin of 19.48% is amongst the best of the industry. PAAS outperforms 93.59% of its industry peers.
PAAS's Profit Margin has declined in the last couple of years.
PAAS has a better Operating Margin (25.17%) than 93.72% of its industry peers.
PAAS's Operating Margin has improved in the last couple of years.
The Gross Margin of PAAS (31.40%) is better than 91.46% of its industry peers.
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
PAAS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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
An Altman-Z score of 4.89 indicates that PAAS is not in any danger for bankruptcy at the moment.
PAAS has a Altman-Z score (4.89) which is in line with its industry peers.
PAAS has a debt to FCF ratio of 1.15. This is a very positive value and a sign of high solvency as it would only need 1.15 years to pay back of all of its debts.
The Debt to FCF ratio of PAAS (1.15) is better than 93.09% of its industry peers.
A Debt/Equity ratio of 0.12 indicates that PAAS is not too dependend on debt financing.
PAAS has a Debt to Equity ratio of 0.12. This is in the lower half of the industry: PAAS underperforms 65.20% 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 | 0.12 | ||
| Debt/FCF | 1.15 | ||
| Altman-Z | 4.89 |
ROIC/WACC0.83
WACC8.47%
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 52.76% 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.
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 21.75%.
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 7.63% on average over the next years.
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 5Y7.63%
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
The Price/Earnings ratio is 25.15, which means the current valuation is very expensive for PAAS.
Based on the Price/Earnings ratio, PAAS is valued cheaply inside the industry as 90.08% 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 26.31, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 15.55, which indicates a correct valuation of PAAS.
Based on the Price/Forward Earnings ratio, PAAS is valued cheaper than 90.45% of the companies in the same industry.
PAAS is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.15 | ||
| Fwd PE | 15.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAAS is valued cheaply inside the industry as 92.71% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, PAAS is valued cheaply inside the industry as 94.35% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.9 | ||
| EV/EBITDA | 12.95 |
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.
PAAS has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as PAAS's earnings are expected to grow with 48.22% in the coming years.
PEG (NY)0.17
PEG (5Y)48.92
EPS Next 2Y85.47%
EPS Next 3Y48.22%
5. Dividend
5.1 Amount
PAAS has a Yearly Dividend Yield of 1.12%. Purely for dividend investing, there may be better candidates out there.
PAAS's Dividend Yield is rather good when compared to the industry average which is at 12.10. PAAS pays more dividend than 97.11% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, PAAS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.12% |
5.2 History
On average, the dividend of PAAS grows each year by 19.86%, which is quite nice.
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)19.86%
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 2Y85.47%
EPS Next 3Y48.22%
TSX:PAAS (11/27/2025, 7:00:00 PM)
59.36
-0.44 (-0.74%)
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 Cap25.05B
Revenue(TTM)3.25B
Net Income(TTM)634.10M
Analysts80
Price Target53.29 (-10.23%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.12% |
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)42.11%
EPS NQ rev (3m)51.53%
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 | 25.15 | ||
| Fwd PE | 15.55 | ||
| P/S | 5.48 | ||
| P/FCF | 23.9 | ||
| P/OCF | 16.97 | ||
| P/B | 2.7 | ||
| P/tB | 2.7 | ||
| EV/EBITDA | 12.95 |
EPS(TTM)2.36
EY3.98%
EPS(NY)3.82
Fwd EY6.43%
FCF(TTM)2.48
FCFY4.18%
OCF(TTM)3.5
OCFY5.89%
SpS10.83
BVpS22.02
TBVpS22.02
PEG (NY)0.17
PEG (5Y)48.92
Graham Number34.2
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 | 4.89 |
F-Score8
WACC8.47%
ROIC/WACC0.83
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 5Y7.63%
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 25.15 and the Price/Book (PB) ratio is 2.7.
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%.