PAN AMERICAN SILVER CORP (PAAS) Stock Fundamental Analysis
USA - NYSE:PAAS - CA6979001089 - Common Stock
33.77 USD
+0.57 (+1.72%)
34.3 USD
+0.53 (+1.57%)
We assign a fundamental rating of 6 out of 10 to PAAS. PAAS was compared to 154 industry peers in the Metals & Mining industry. PAAS has an excellent financial health rating, but there are some minor concerns on its profitability. PAAS is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make PAAS a good candidate for value investing.
1. Profitability
1.1 Basic Checks
In the past year PAAS was profitable.
PAAS had a positive operating cash flow in the past year.
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
Looking at the Return On Assets, with a value of 7.09%, PAAS belongs to the top of the industry, outperforming 81.17% of the companies in the same industry.
Looking at the Return On Equity, with a value of 10.53%, PAAS is in the better half of the industry, outperforming 77.27% of the companies in the same industry.
With a decent Return On Invested Capital value of 8.30%, PAAS is doing good in the industry, outperforming 75.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.09% | ||
| ROE | 10.53% | ||
| ROIC | 8.3% |
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 has a Profit Margin of 16.76%. This is amongst the best in the industry. PAAS outperforms 81.82% of its industry peers.
In the last couple of years the Profit Margin of PAAS has declined.
Looking at the Operating Margin, with a value of 22.66%, PAAS is in the better half of the industry, outperforming 74.68% of the companies in the same industry.
PAAS's Operating Margin has improved in the last couple of years.
The Gross Margin of PAAS (28.26%) is better than 66.23% of its industry peers.
In the last couple of years the Gross Margin of PAAS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.66% | ||
| PM (TTM) | 16.76% | ||
| GM | 28.26% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PAAS is still creating some value.
PAAS has less shares outstanding than it did 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
PAAS has an Altman-Z score of 4.34. This indicates that PAAS is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.34, PAAS is doing good in the industry, outperforming 62.99% of the companies in the same industry.
PAAS has a debt to FCF ratio of 1.21. This is a very positive value and a sign of high solvency as it would only need 1.21 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.21, PAAS belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
PAAS has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of PAAS (0.15) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.21 | ||
| Altman-Z | 4.34 |
ROIC/WACC1
WACC8.27%
2.3 Liquidity
A Current Ratio of 3.05 indicates that PAAS has no problem at all paying its short term obligations.
The Current ratio of PAAS (3.05) is better than 62.99% of its industry peers.
PAAS has a Quick Ratio of 2.11. This indicates that PAAS is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 2.11, PAAS is doing good in the industry, outperforming 60.39% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.05 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
PAAS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 1588.89%, which is quite impressive.
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 21.09%.
The Revenue has been growing by 15.85% on average over the past years. This is quite good.
EPS 1Y (TTM)1588.89%
EPS 3Y0.86%
EPS 5Y0.51%
EPS Q2Q%290.91%
Revenue 1Y (TTM)21.09%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%18.3%
3.2 Future
The Earnings Per Share is expected to grow by 1.88% on average over the next years.
Based on estimates for the next years, PAAS will show a small growth in Revenue. The Revenue will grow by 7.63% on average per year.
EPS Next Y137.38%
EPS Next 2Y70.71%
EPS Next 3Y39.27%
EPS Next 5Y1.88%
Revenue Next Year16.16%
Revenue Next 2Y10.75%
Revenue Next 3Y5.96%
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.
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
PAAS is valuated rather expensively with a Price/Earnings ratio of 22.22.
Based on the Price/Earnings ratio, PAAS is valued a bit cheaper than the industry average as 73.38% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.13, PAAS is valued at the same level.
Based on the Price/Forward Earnings ratio of 14.67, the valuation of PAAS can be described as correct.
PAAS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PAAS is cheaper than 62.99% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.35. PAAS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.22 | ||
| Fwd PE | 14.67 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAAS is valued a bit cheaper than 70.78% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PAAS indicates a rather cheap valuation: PAAS is cheaper than 84.42% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.97 | ||
| EV/EBITDA | 11 |
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.
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 39.27% in the coming years.
PEG (NY)0.16
PEG (5Y)43.21
EPS Next 2Y70.71%
EPS Next 3Y39.27%
5. Dividend
5.1 Amount
PAAS has a Yearly Dividend Yield of 1.16%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.63, PAAS pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.39, PAAS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
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.
PAAS has decreased its dividend recently.
Dividend Growth(5Y)19.89%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
27.77% of the earnings are spent on dividend by PAAS. This is a low number and sustainable payout ratio.
PAAS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP27.77%
EPS Next 2Y70.71%
EPS Next 3Y39.27%
33.77
+0.57 (+1.72%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners55.31%
Inst Owner Change0.4%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap14.25B
Revenue(TTM)3.12B
Net Income(TTM)522.20M
Analysts80
Price Target32.39 (-4.09%)
Short Float %3.73%
Short Ratio2.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
Yearly Dividend0.4
Dividend Growth(5Y)19.89%
DP27.77%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)66.11%
Min EPS beat(2)3.45%
Max EPS beat(2)128.76%
EPS beat(4)3
Avg EPS beat(4)48.03%
Min EPS beat(4)-3.07%
Max EPS beat(4)128.76%
EPS beat(8)4
Avg EPS beat(8)7.71%
EPS beat(12)6
Avg EPS beat(12)14.41%
EPS beat(16)6
Avg EPS beat(16)-3.74%
Revenue beat(2)2
Avg Revenue beat(2)9.94%
Min Revenue beat(2)7.91%
Max Revenue beat(2)11.97%
Revenue beat(4)2
Avg Revenue beat(4)-0.18%
Min Revenue beat(4)-18.79%
Max Revenue beat(4)11.97%
Revenue beat(8)2
Avg Revenue beat(8)-2.92%
Revenue beat(12)3
Avg Revenue beat(12)-2.38%
Revenue beat(16)3
Avg Revenue beat(16)-3.88%
PT rev (1m)8.53%
PT rev (3m)21.32%
EPS NQ rev (1m)-0.71%
EPS NQ rev (3m)10.06%
EPS NY rev (1m)0%
EPS NY rev (3m)49.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)18.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.22 | ||
| Fwd PE | 14.67 | ||
| P/S | 4.57 | ||
| P/FCF | 20.97 | ||
| P/OCF | 14.71 | ||
| P/B | 2.87 | ||
| P/tB | 2.87 | ||
| EV/EBITDA | 11 |
EPS(TTM)1.52
EY4.5%
EPS(NY)2.3
Fwd EY6.82%
FCF(TTM)1.61
FCFY4.77%
OCF(TTM)2.3
OCFY6.8%
SpS7.38
BVpS11.75
TBVpS11.75
PEG (NY)0.16
PEG (5Y)43.21
Graham Number20.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.09% | ||
| ROE | 10.53% | ||
| ROCE | 10.51% | ||
| ROIC | 8.3% | ||
| ROICexc | 9.94% | ||
| ROICexgc | 9.94% | ||
| OM | 22.66% | ||
| PM (TTM) | 16.76% | ||
| GM | 28.26% | ||
| FCFM | 21.81% |
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 5Y4.91%
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 | 0.15 | ||
| Debt/FCF | 1.21 | ||
| Debt/EBITDA | 0.61 | ||
| Cap/Depr | 51.52% | ||
| Cap/Sales | 9.27% | ||
| Interest Coverage | 18.93 | ||
| Cash Conversion | 76.45% | ||
| Profit Quality | 130.14% | ||
| Current Ratio | 3.05 | ||
| Quick Ratio | 2.11 | ||
| Altman-Z | 4.34 |
F-Score9
WACC8.27%
ROIC/WACC1
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)1588.89%
EPS 3Y0.86%
EPS 5Y0.51%
EPS Q2Q%290.91%
EPS Next Y137.38%
EPS Next 2Y70.71%
EPS Next 3Y39.27%
EPS Next 5Y1.88%
Revenue 1Y (TTM)21.09%
Revenue growth 3Y19.96%
Revenue growth 5Y15.85%
Sales Q2Q%18.3%
Revenue Next Year16.16%
Revenue Next 2Y10.75%
Revenue Next 3Y5.96%
Revenue Next 5Y7.63%
EBIT growth 1Y326.96%
EBIT growth 3Y9.55%
EBIT growth 5Y19.41%
EBIT Next Year161.44%
EBIT Next 3Y44.83%
EBIT Next 5Y9.36%
FCF growth 1Y472.75%
FCF growth 3Y39.19%
FCF growth 5Y39.97%
OCF growth 1Y775.55%
OCF growth 3Y22.69%
OCF growth 5Y20.76%
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 7 / 10 to PAN AMERICAN SILVER CORP (PAAS). This can be considered as Undervalued.
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 22.22 and the Price/Book (PB) ratio is 2.87.
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 27.77%.