PAN AMERICAN SILVER CORP (PAAS.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:PAAS - CA6979001089 - Common Stock
62.67 CAD
-0.67 (-1.06%)
Overall PAAS gets a fundamental rating of 7 out of 10. We evaluated PAAS against 796 industry peers in the Metals & Mining industry. While PAAS has a great profitability rating, there are some minor concerns on its financial health. PAAS is evaluated to be cheap and growing strongly. This does not happen too often! These ratings would make PAAS suitable for value and growth investing!
1. Profitability
1.1 Basic Checks
In the past year PAAS was profitable.
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.
In the past 5 years PAAS always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 6.93%, PAAS belongs to the best of the industry, outperforming 90.08% of the companies in the same industry.
The Return On Equity of PAAS (9.58%) is better than 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
The Profit Margin of PAAS (19.48%) is better than 93.59% of its industry peers.
In the last couple of years the Profit Margin of PAAS has declined.
The Operating Margin of PAAS (25.17%) is better than 93.72% of its industry peers.
PAAS's Operating Margin has improved in the last couple of years.
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
PAAS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
PAAS has less shares outstanding than it did 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 5.27 indicates that PAAS is not in any danger for bankruptcy at the moment.
The Altman-Z score of PAAS (5.27) is comparable to the rest of the industry.
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.
Looking at the Debt to FCF ratio, with a value of 1.15, PAAS belongs to the top of the industry, outperforming 93.47% of the companies in the same industry.
A Debt/Equity ratio of 0.12 indicates that PAAS is not too dependend on debt financing.
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 65.33% 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 | 5.27 |
ROIC/WACC0.8
WACC8.8%
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.
The Current ratio of PAAS (2.31) is comparable to the rest of the industry.
A Quick Ratio of 1.55 indicates that PAAS should not have too much problems paying its short term obligations.
PAAS has a Quick ratio (1.55) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.31 | ||
| Quick Ratio | 1.55 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 320.00% over the past year.
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 21.75%.
Measured over the past years, PAAS shows a quite strong growth in Revenue. The Revenue has been growing by 15.85% on average per year.
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.
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 26.67, PAAS can be considered very expensive at the moment.
90.08% of the companies in the same industry are more expensive than PAAS, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of PAAS to the average of the S&P500 Index (26.15), we can say PAAS is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 16.47, the valuation of PAAS can be described as correct.
Based on the Price/Forward Earnings ratio, PAAS is valued cheaper than 90.08% of the companies in the same industry.
PAAS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.67 | ||
| Fwd PE | 16.47 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAAS is valued cheaper than 92.71% of the companies in the same industry.
PAAS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PAAS is cheaper than 94.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.31 | ||
| EV/EBITDA | 14.12 |
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.
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)0.18
PEG (5Y)51.87
EPS Next 2Y85.47%
EPS Next 3Y48.22%
5. Dividend
5.1 Amount
PAAS has a yearly dividend return of 0.97%, which is pretty low.
Compared to an average industry Dividend Yield of 11.98, PAAS pays a better dividend. On top of this PAAS pays more dividend than 96.98% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, PAAS's dividend is way lower than the S&P500 average.
| 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 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)19.86%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
23.99% of the earnings are spent on dividend by PAAS. This is a low number and 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 (12/2/2025, 7:00:00 PM)
62.67
-0.67 (-1.06%)
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 Cap26.45B
Revenue(TTM)3.25B
Net Income(TTM)634.10M
Analysts80
Price Target53.29 (-14.97%)
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 | 26.67 | ||
| Fwd PE | 16.47 | ||
| P/S | 5.8 | ||
| P/FCF | 25.31 | ||
| P/OCF | 17.97 | ||
| P/B | 2.85 | ||
| P/tB | 2.85 | ||
| EV/EBITDA | 14.12 |
EPS(TTM)2.35
EY3.75%
EPS(NY)3.81
Fwd EY6.07%
FCF(TTM)2.48
FCFY3.95%
OCF(TTM)3.49
OCFY5.57%
SpS10.8
BVpS21.96
TBVpS21.96
PEG (NY)0.18
PEG (5Y)51.87
Graham Number34.07
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 | 5.27 |
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 26.67 and the Price/Book (PB) ratio is 2.85.
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%.