PAN AMERICAN SILVER CORP (PAAS.CA) Stock Fundamental Analysis
TSX:PAAS - Toronto Stock Exchange - CA6979001089 - Common Stock - Currency: CAD
PAAS gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 808 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making PAAS a very profitable company, without any liquidiy or solvency issues. A decent growth rate in combination with a cheap valuation! Better keep an eye on PAAS. This makes PAAS very considerable for value and quality 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
With an excellent Return On Assets value of 4.32%, PAAS belongs to the best of the industry, outperforming 88.49% of the companies in the same industry.
PAAS's Return On Equity of 6.46% is amongst the best of the industry. PAAS outperforms 89.36% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.04%, PAAS belongs to the top of the industry, outperforming 91.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.32% | ||
| ROE | 6.46% | ||
| ROIC | 6.04% |
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 10.40% is amongst the best of the industry. PAAS outperforms 92.70% of its industry peers.
In the last couple of years the Profit Margin of PAAS has declined.
PAAS has a Operating Margin of 18.53%. This is amongst the best in the industry. PAAS outperforms 91.96% of its industry peers.
In the last couple of years the Operating Margin of PAAS has grown nicely.
PAAS's Gross Margin of 24.13% is amongst the best of the industry. PAAS outperforms 89.60% of its industry peers.
In the last couple of years the Gross Margin of PAAS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.53% | ||
| PM (TTM) | 10.4% | ||
| GM | 24.13% |
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
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.
The number of shares outstanding for PAAS has been increased compared to 5 years ago.
Compared to 1 year ago, PAAS has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.18 indicates that PAAS is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.18, PAAS is in the better half of the industry, outperforming 61.76% of the companies in the same industry.
The Debt to FCF ratio of PAAS is 1.51, which is an excellent value as it means it would take PAAS, only 1.51 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.51, PAAS belongs to the best of the industry, outperforming 93.56% of the companies in the same industry.
PAAS has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of PAAS (0.16) is worse than 65.72% 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 | 0.16 | ||
| Debt/FCF | 1.51 | ||
| Altman-Z | 3.18 |
ROIC/WACC0.78
WACC7.79%
2.3 Liquidity
PAAS has a Current Ratio of 2.93. This indicates that PAAS is financially healthy and has no problem in meeting its short term obligations.
PAAS's Current ratio of 2.93 is fine compared to the rest of the industry. PAAS outperforms 62.87% of its industry peers.
PAAS has a Quick Ratio of 1.94. This is a normal value and indicates that PAAS is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of PAAS (1.94) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.93 | ||
| Quick Ratio | 1.94 |
3. Growth
3.1 Past
PAAS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 5900.00%, 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.
The Revenue has grown by 18.34% in the past year. This is quite good.
The Revenue has been growing by 15.85% on average over the past years. This is quite good.
EPS 1Y (TTM)5900%
EPS 3Y0.86%
EPS 5Y0.51%
EPS Q2Q%4100%
Revenue 1Y (TTM)18.34%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%28.57%
3.2 Future
PAAS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.59% yearly.
The Revenue is expected to decrease by -3.24% on average over the next years.
EPS Next Y58.55%
EPS Next 2Y59.4%
EPS Next 3Y23.95%
EPS Next 5Y2.59%
Revenue Next Year5.21%
Revenue Next 2Y4.64%
Revenue Next 3Y2.86%
Revenue Next 5Y-3.24%
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
The Price/Earnings ratio is 23.17, which indicates a rather expensive current valuation of PAAS.
Based on the Price/Earnings ratio, PAAS is valued cheaper than 89.73% of the companies in the same industry.
PAAS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.15, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 13.87, the valuation of PAAS can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PAAS indicates a rather cheap valuation: PAAS is cheaper than 89.73% of the companies listed in the same industry.
PAAS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.60.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.17 | ||
| Fwd PE | 13.87 |
4.2 Price Multiples
PAAS's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. PAAS is cheaper than 92.82% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PAAS is valued cheaply inside the industry as 93.81% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.91 | ||
| EV/EBITDA | 8.87 |
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.
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 23.95% in the coming years.
PEG (NY)0.4
PEG (5Y)45.06
EPS Next 2Y59.4%
EPS Next 3Y23.95%
5. Dividend
5.1 Amount
PAAS has a Yearly Dividend Yield of 1.45%. 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 2.51. PAAS pays more dividend than 97.15% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, PAAS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.45% |
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.
The dividend of PAAS decreased recently.
Dividend Growth(5Y)19.89%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
PAAS pays out 46.64% of its income as dividend. This is a bit on the high side, but may be sustainable.
PAAS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP46.64%
EPS Next 2Y59.4%
EPS Next 3Y23.95%
TSX:PAAS (6/27/2025, 7:00:00 PM)
38
-1.71 (-4.31%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners60.88%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap13.76B
Analysts80
Price Target36.65 (-3.55%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.45% |
Yearly Dividend0.55
Dividend Growth(5Y)19.89%
DP46.64%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)62.84%
Min EPS beat(2)-3.07%
Max EPS beat(2)128.76%
EPS beat(4)2
Avg EPS beat(4)40.14%
Min EPS beat(4)-28.1%
Max EPS beat(4)128.76%
EPS beat(8)3
Avg EPS beat(8)2.62%
EPS beat(12)5
Avg EPS beat(12)4.03%
EPS beat(16)5
Avg EPS beat(16)-6.04%
Revenue beat(2)1
Avg Revenue beat(2)5.07%
Min Revenue beat(2)-1.83%
Max Revenue beat(2)11.97%
Revenue beat(4)1
Avg Revenue beat(4)-3.5%
Min Revenue beat(4)-18.79%
Max Revenue beat(4)11.97%
Revenue beat(8)1
Avg Revenue beat(8)-4.04%
Revenue beat(12)2
Avg Revenue beat(12)-4.81%
Revenue beat(16)2
Avg Revenue beat(16)-5.4%
PT rev (1m)7.48%
PT rev (3m)19.36%
EPS NQ rev (1m)0%
EPS NQ rev (3m)46.77%
EPS NY rev (1m)0%
EPS NY rev (3m)14.77%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.17 | ||
| Fwd PE | 13.87 | ||
| P/S | 3.37 | ||
| P/FCF | 18.91 | ||
| P/OCF | 12.03 | ||
| P/B | 2.09 | ||
| P/tB | 2.09 | ||
| EV/EBITDA | 8.87 |
EPS(TTM)1.64
EY4.32%
EPS(NY)2.74
Fwd EY7.21%
FCF(TTM)2.01
FCFY5.29%
OCF(TTM)3.16
OCFY8.31%
SpS11.27
BVpS18.15
TBVpS18.15
PEG (NY)0.4
PEG (5Y)45.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.32% | ||
| ROE | 6.46% | ||
| ROCE | 8.39% | ||
| ROIC | 6.04% | ||
| ROICexc | 7.02% | ||
| ROICexgc | 7.02% | ||
| OM | 18.53% | ||
| PM (TTM) | 10.4% | ||
| GM | 24.13% | ||
| FCFM | 17.83% |
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
ROICexcg growth 3Y-13.28%
ROICexcg 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 | 0.16 | ||
| Debt/FCF | 1.51 | ||
| Debt/EBITDA | 0.68 | ||
| Cap/Depr | 53.73% | ||
| Cap/Sales | 10.18% | ||
| Interest Coverage | 14.82 | ||
| Cash Conversion | 74.74% | ||
| Profit Quality | 171.42% | ||
| Current Ratio | 2.93 | ||
| Quick Ratio | 1.94 | ||
| Altman-Z | 3.18 |
F-Score9
WACC7.79%
ROIC/WACC0.78
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)5900%
EPS 3Y0.86%
EPS 5Y0.51%
EPS Q2Q%4100%
EPS Next Y58.55%
EPS Next 2Y59.4%
EPS Next 3Y23.95%
EPS Next 5Y2.59%
Revenue 1Y (TTM)18.34%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%28.57%
Revenue Next Year5.21%
Revenue Next 2Y4.64%
Revenue Next 3Y2.86%
Revenue Next 5Y-3.24%
EBIT growth 1Y428.82%
EBIT growth 3Y9.55%
EBIT growth 5Y19.41%
EBIT Next Year125.64%
EBIT Next 3Y43.41%
EBIT Next 5Y-7.85%
FCF growth 1Y324.75%
FCF growth 3Y39.19%
FCF growth 5Y39.97%
OCF growth 1Y5697.52%
OCF growth 3Y22.69%
OCF growth 5Y20.76%