PAN AMERICAN SILVER CORP (PAAS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PAAS - CA6979001089 - Common Stock
51.77 USD
+1.72 (+3.44%)
52.23 USD
+0.46 (+0.89%)
Overall PAAS gets a fundamental rating of 6 out of 10. We evaluated PAAS against 156 industry peers in the Metals & Mining industry. PAAS has only an average score on both its financial health and profitability. PAAS is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings could make PAAS a good candidate for 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.
The reported net income has been mixed in the past 5 years: PAAS reported negative net income in multiple years.
In the past 5 years PAAS always reported a positive cash flow from operatings.
1.2 Ratios
PAAS has a better Return On Assets (6.93%) than 77.56% of its industry peers.
PAAS's Return On Equity of 9.58% is fine compared to the rest of the industry. PAAS outperforms 71.79% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.72%, PAAS is in the better half of the industry, outperforming 68.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.93% | ||
| ROE | 9.58% | ||
| ROIC | 7.72% |
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
With an excellent Profit Margin value of 19.48%, PAAS belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
PAAS's Profit Margin has declined in the last couple of years.
PAAS has a better Operating Margin (25.17%) than 73.72% of its industry peers.
PAAS's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 31.40%, PAAS is doing good in the industry, outperforming 67.31% of the companies in the same industry.
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.
Compared to 1 year ago, PAAS has less shares outstanding
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
PAAS has an Altman-Z score of 5.84. This indicates that PAAS is financially healthy and has little risk of bankruptcy at the moment.
PAAS has a Altman-Z score of 5.84. This is in the better half of the industry: PAAS outperforms 69.23% of its industry peers.
The Debt to FCF ratio of PAAS is 1.15, which is an excellent value as it means it would take PAAS, only 1.15 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.15, PAAS belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
PAAS has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.12, PAAS perfoms like the industry average, outperforming 57.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.15 | ||
| Altman-Z | 5.84 |
ROIC/WACC0.85
WACC9.11%
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 47.44% of the companies in the same industry.
PAAS has a Quick Ratio of 1.55. 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 (1.55) 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.
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.
Looking at the last year, PAAS shows a very strong growth in Revenue. 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
PAAS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.25% yearly.
Based on estimates for the next years, PAAS will show a quite strong growth in Revenue. The Revenue will grow by 10.31% on average per year.
EPS Next Y180.18%
EPS Next 2Y109.06%
EPS Next 3Y65.96%
EPS Next 5Y21.25%
Revenue Next Year24.67%
Revenue Next 2Y22.83%
Revenue Next 3Y15.71%
Revenue Next 5Y10.31%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
A Price/Earnings ratio of 30.82 indicates a quite expensive valuation of PAAS.
PAAS's Price/Earnings ratio is a bit cheaper when compared to the industry. PAAS is cheaper than 69.23% of the companies in the same industry.
When comparing the Price/Earnings ratio of PAAS to the average of the S&P500 Index (26.39), we can say PAAS is valued inline with the index average.
The Price/Forward Earnings ratio is 14.99, which indicates a correct valuation of PAAS.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PAAS indicates a somewhat cheap valuation: PAAS is cheaper than 66.67% 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 23.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.82 | ||
| Fwd PE | 14.99 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAAS is valued a bit cheaper than 61.54% of the companies in the same industry.
PAAS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. PAAS is cheaper than 77.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.28 | ||
| EV/EBITDA | 15.87 |
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.
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 65.96% in the coming years.
PEG (NY)0.17
PEG (5Y)59.93
EPS Next 2Y109.06%
EPS Next 3Y65.96%
5. Dividend
5.1 Amount
With a yearly dividend of 0.84%, PAAS is not a good candidate for dividend investing.
PAAS's Dividend Yield is a higher than the industry average which is at 1.02.
Compared to an average S&P500 Dividend Yield of 1.87, PAAS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.84% |
5.2 History
The dividend of PAAS is nicely growing with an annual growth rate of 19.86%!
PAAS has paid a dividend for at least 10 years, which is 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
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 2Y109.06%
EPS Next 3Y65.96%
51.77
+1.72 (+3.44%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners55.31%
Inst Owner Change14.01%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap21.85B
Revenue(TTM)3.25B
Net Income(TTM)634.10M
Analysts80
Price Target38.2 (-26.21%)
Short Float %2.48%
Short Ratio1.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.84% |
Yearly Dividend0.4
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)0.57%
PT rev (3m)27.99%
EPS NQ rev (1m)7.07%
EPS NQ rev (3m)52.15%
EPS NY rev (1m)11.45%
EPS NY rev (3m)22.37%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)40.13%
Revenue NY rev (1m)4.73%
Revenue NY rev (3m)9.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.82 | ||
| Fwd PE | 14.99 | ||
| P/S | 6.71 | ||
| P/FCF | 29.28 | ||
| P/OCF | 20.79 | ||
| P/B | 3.3 | ||
| P/tB | 3.3 | ||
| EV/EBITDA | 15.87 |
EPS(TTM)1.68
EY3.25%
EPS(NY)3.45
Fwd EY6.67%
FCF(TTM)1.77
FCFY3.42%
OCF(TTM)2.49
OCFY4.81%
SpS7.71
BVpS15.68
TBVpS15.68
PEG (NY)0.17
PEG (5Y)59.93
Graham Number24.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.93% | ||
| ROE | 9.58% | ||
| ROCE | 9.77% | ||
| ROIC | 7.72% | ||
| ROICexc | 8.66% | ||
| ROICexgc | 8.66% | ||
| 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 | 5.84 |
F-Score8
WACC9.11%
ROIC/WACC0.85
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 Y180.18%
EPS Next 2Y109.06%
EPS Next 3Y65.96%
EPS Next 5Y21.25%
Revenue 1Y (TTM)21.75%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%42.1%
Revenue Next Year24.67%
Revenue Next 2Y22.83%
Revenue Next 3Y15.71%
Revenue Next 5Y10.31%
EBIT growth 1Y182.68%
EBIT growth 3Y9.55%
EBIT growth 5Y19.4%
EBIT Next Year177.53%
EBIT Next 3Y64.1%
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 FAQ
What is the ChartMill fundamental rating of PAN AMERICAN SILVER CORP (PAAS) stock?
ChartMill assigns a fundamental rating of 6 / 10 to PAAS.
What is the valuation status of PAN AMERICAN SILVER CORP (PAAS) stock?
ChartMill assigns a valuation rating of 6 / 10 to PAN AMERICAN SILVER CORP (PAAS). This can be considered as Fairly Valued.
How profitable is PAN AMERICAN SILVER CORP (PAAS) stock?
PAN AMERICAN SILVER CORP (PAAS) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for PAAS stock?
The Price/Earnings (PE) ratio for PAN AMERICAN SILVER CORP (PAAS) is 30.82 and the Price/Book (PB) ratio is 3.3.
How sustainable is the dividend of PAN AMERICAN SILVER CORP (PAAS) stock?
The dividend rating of PAN AMERICAN SILVER CORP (PAAS) is 5 / 10 and the dividend payout ratio is 23.99%.