PAN AMERICAN SILVER CORP (PAAS)
CA6979001089 - Common Stock
Overall PAAS gets a fundamental rating of 4 out of 10. We evaluated PAAS against 155 industry peers in the Metals & Mining industry. Both the profitability and financial health of PAAS have multiple concerns. PAAS is not priced too expensively while it is growing strongly. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
PAAS had positive earnings in the past year.
PAAS had a positive operating cash flow in the past year.
In multiple years PAAS reported negative net income over the last 5 years.
Each year in the past 5 years PAAS had a positive operating cash flow.
1.2 Ratios
PAAS's Return On Assets of -1.79% is in line compared to the rest of the industry. PAAS outperforms 48.39% of its industry peers.
PAAS has a Return On Equity (-2.73%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 2.04%, PAAS is in line with its industry, outperforming 48.39% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.79% | ||
| ROE | -2.73% | ||
| ROIC | 2.04% |
ROA(3y)-3.06%
ROA(5y)-0.16%
ROE(3y)-4.68%
ROE(5y)-0.54%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
PAAS has a Operating Margin (6.43%) which is in line with its industry peers.
PAAS's Operating Margin has declined in the last couple of years.
PAAS has a Gross Margin (12.86%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of PAAS has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.43% | ||
| PM (TTM) | N/A | ||
| GM | 12.86% |
OM growth 3Y-36.73%
OM growth 5Y-8.92%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-21.9%
GM growth 5Y-0.07%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PAAS is destroying value.
PAAS has more 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
PAAS has an Altman-Z score of 2.17. This is not the best score and indicates that PAAS is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.17, PAAS perfoms like the industry average, outperforming 43.87% of the companies in the same industry.
The Debt to FCF ratio of PAAS is 7.01, which is on the high side as it means it would take PAAS, 7.01 years of fcf income to pay off all of its debts.
PAAS has a better Debt to FCF ratio (7.01) than 63.87% of its industry peers.
PAAS has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
PAAS has a Debt to Equity ratio (0.16) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 7.01 | ||
| Altman-Z | 2.17 |
ROIC/WACC0.21
WACC9.96%
2.3 Liquidity
PAAS has a Current Ratio of 2.06. This indicates that PAAS is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of PAAS (2.06) is comparable to the rest of the industry.
PAAS has a Quick Ratio of 2.06. This is a bad value and indicates that PAAS is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.92, PAAS is not doing good in the industry: 73.55% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.06 | ||
| Quick Ratio | 0.92 |
3. Growth
3.1 Past
PAAS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 207.69%, which is quite impressive.
Measured over the past years, PAAS shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -22.36% on average per year.
PAAS shows a strong growth in Revenue. In the last year, the Revenue has grown by 54.95%.
Measured over the past years, PAAS shows a very strong growth in Revenue. The Revenue has been growing by 24.17% on average per year.
EPS 1Y (TTM)207.69%
EPS 3Y-54.27%
EPS 5Y-22.36%
EPS Q2Q%3100%
Revenue 1Y (TTM)54.95%
Revenue growth 3Y20.05%
Revenue growth 5Y24.17%
Sales Q2Q%-2.42%
3.2 Future
Based on estimates for the next years, PAAS will show a very strong growth in Earnings Per Share. The EPS will grow by 50.76% on average per year.
PAAS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.28% yearly.
EPS Next Y643.37%
EPS Next 2Y266.93%
EPS Next 3Y134.18%
EPS Next 5Y50.76%
Revenue Next Year21.71%
Revenue Next 2Y16.78%
Revenue Next 3Y12.28%
Revenue Next 5YN/A
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
PAAS is valuated quite expensively with a Price/Earnings ratio of 52.07.
The rest of the industry has a similar Price/Earnings ratio as PAAS.
When comparing the Price/Earnings ratio of PAAS to the average of the S&P500 Index (27.55), we can say PAAS is valued expensively.
PAAS is valuated correctly with a Price/Forward Earnings ratio of 14.06.
PAAS's Price/Forward Earnings ratio is in line with the industry average.
PAAS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.00, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.08 | ||
| Fwd PE | 14.06 |
4.2 Price Multiples
PAAS's Enterprise Value to EBITDA ratio is in line with the industry average.
PAAS's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 65.52 | ||
| EV/EBITDA | 11.73 |
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's earnings are expected to grow with 134.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.08
PEG (5Y)N/A
EPS Next 2Y266.93%
EPS Next 3Y134.18%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.82%, PAAS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.22, PAAS pays a bit more dividend than its industry peers.
PAAS's Dividend Yield is slightly below the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
5.2 History
On average, the dividend of PAAS grows each year by 26.69%, 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)26.69%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
PAAS has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of PAAS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-115.54%
EPS Next 2Y266.93%
EPS Next 3Y134.18%
PAN AMERICAN SILVER CORP
NYSE:PAAS (12/26/2024, 8:04:01 PM)
After market: 20.88 +0.05 (+0.24%)20.83
+0.08 (+0.39%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners62.06%
Inst Owner Change2.07%
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap7.56B
Analysts82.22
Price Target19.22 (-7.73%)
Short Float %2.11%
Short Ratio2.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
Dividend Growth(5Y)26.69%
DP-115.54%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)46.84%
Min EPS beat(2)-28.1%
Max EPS beat(2)121.79%
EPS beat(4)1
Avg EPS beat(4)-32.61%
Min EPS beat(4)-135.65%
Max EPS beat(4)121.79%
EPS beat(8)3
Avg EPS beat(8)-2.39%
EPS beat(12)3
Avg EPS beat(12)-20.99%
EPS beat(16)4
Avg EPS beat(16)-20.57%
Revenue beat(2)0
Avg Revenue beat(2)-3.3%
Min Revenue beat(2)-5.37%
Max Revenue beat(2)-1.24%
Revenue beat(4)0
Avg Revenue beat(4)-5.65%
Min Revenue beat(4)-13.68%
Max Revenue beat(4)-1.24%
Revenue beat(8)1
Avg Revenue beat(8)-3.48%
Revenue beat(12)1
Avg Revenue beat(12)-5.11%
Revenue beat(16)1
Avg Revenue beat(16)-8.16%
PT rev (1m)8.12%
PT rev (3m)7.98%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.39%
EPS NY rev (1m)24.48%
EPS NY rev (3m)34.51%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)1.7%
Revenue NY rev (3m)1.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.08 | ||
| Fwd PE | 14.06 | ||
| P/S | 2.94 | ||
| P/FCF | 65.52 | ||
| P/OCF | 14.95 | ||
| P/B | 1.64 | ||
| P/tB | 1.64 | ||
| EV/EBITDA | 11.73 |
EPS(TTM)0.4
EY1.92%
EPS(NY)1.48
Fwd EY7.11%
FCF(TTM)0.32
FCFY1.53%
OCF(TTM)1.39
OCFY6.69%
SpS7.09
BVpS12.7
TBVpS12.7
PEG (NY)0.08
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.79% | ||
| ROE | -2.73% | ||
| ROCE | 2.59% | ||
| ROIC | 2.04% | ||
| ROICexc | 2.17% | ||
| ROICexgc | 2.17% | ||
| OM | 6.43% | ||
| PM (TTM) | N/A | ||
| GM | 12.86% | ||
| FCFM | 4.48% |
ROA(3y)-3.06%
ROA(5y)-0.16%
ROE(3y)-4.68%
ROE(5y)-0.54%
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-41.64%
ROICexcg growth 5Y-13.91%
ROICexc growth 3Y-41.61%
ROICexc growth 5Y-13.88%
OM growth 3Y-36.73%
OM growth 5Y-8.92%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-21.9%
GM growth 5Y-0.07%
F-Score7
Asset Turnover0.37
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 7.01 | ||
| Debt/EBITDA | 1.12 | ||
| Cap/Depr | 75.95% | ||
| Cap/Sales | 15.17% | ||
| Interest Coverage | 3.6 | ||
| Cash Conversion | 74.44% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.06 | ||
| Quick Ratio | 0.92 | ||
| Altman-Z | 2.17 |
F-Score7
WACC9.96%
ROIC/WACC0.21
Cap/Depr(3y)81.85%
Cap/Depr(5y)78.59%
Cap/Sales(3y)16.55%
Cap/Sales(5y)15.67%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)207.69%
EPS 3Y-54.27%
EPS 5Y-22.36%
EPS Q2Q%3100%
EPS Next Y643.37%
EPS Next 2Y266.93%
EPS Next 3Y134.18%
EPS Next 5Y50.76%
Revenue 1Y (TTM)54.95%
Revenue growth 3Y20.05%
Revenue growth 5Y24.17%
Sales Q2Q%-2.42%
Revenue Next Year21.71%
Revenue Next 2Y16.78%
Revenue Next 3Y12.28%
Revenue Next 5YN/A
EBIT growth 1Y516.68%
EBIT growth 3Y-24.05%
EBIT growth 5Y13.09%
EBIT Next Year601.46%
EBIT Next 3Y81.69%
EBIT Next 5Y33.9%
FCF growth 1Y16.43%
FCF growth 3Y-36.92%
FCF growth 5Y85.98%
OCF growth 1Y38.66%
OCF growth 3Y-0.88%
OCF growth 5Y23.77%