PAN AMERICAN SILVER CORP (PAAS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PAAS - CA6979001089 - Common Stock
55.72 USD
+1.45 (+2.67%)
55.93 USD
+0.21 (+0.38%)
PAAS gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 157 industry peers in the Metals & Mining industry. PAAS has an average financial health and profitability rating. PAAS is showing excellent growth while it is valued at reasonable prices. 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.
Each year in the past 5 years PAAS had a positive operating cash flow.
1.2 Ratios
PAAS has a better Return On Assets (6.93%) than 78.98% of its industry peers.
With a decent Return On Equity value of 9.58%, PAAS is doing good in the industry, outperforming 72.61% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 7.72%, PAAS is in the better half of the industry, outperforming 68.79% 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
PAAS has a Profit Margin of 19.48%. This is amongst the best in the industry. PAAS outperforms 83.44% of its industry peers.
PAAS's Profit Margin has declined in the last couple of years.
PAAS has a Operating Margin of 25.17%. This is in the better half of the industry: PAAS outperforms 73.89% of its industry peers.
In the last couple of years the Operating Margin of PAAS has grown nicely.
The Gross Margin of PAAS (31.40%) is better than 66.88% 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.
PAAS has a worse debt/assets ratio than last year.
2.2 Solvency
PAAS has an Altman-Z score of 6.24. This indicates that PAAS is financially healthy and has little risk of bankruptcy at the moment.
PAAS has a better Altman-Z score (6.24) than 70.06% 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.
PAAS has a better Debt to FCF ratio (1.15) than 84.08% of its industry peers.
A Debt/Equity ratio of 0.12 indicates that PAAS is not too dependend on debt financing.
The Debt to Equity ratio of PAAS (0.12) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.15 | ||
| Altman-Z | 6.24 |
ROIC/WACC0.84
WACC9.16%
2.3 Liquidity
A Current Ratio of 2.31 indicates that PAAS has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.31, PAAS is in line with its industry, outperforming 49.04% 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.
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.
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 21.75% in the past year. This is a very strong growth!
PAAS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.85% yearly.
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
Based on estimates for the next years, PAAS will show a very strong growth in Earnings Per Share. The EPS will grow by 22.19% on average per year.
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 5Y22.19%
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.
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
With a Price/Earnings ratio of 33.17, PAAS can be considered very expensive at the moment.
PAAS's Price/Earnings ratio is a bit cheaper when compared to the industry. PAAS is cheaper than 70.06% of the companies in the same industry.
When comparing the Price/Earnings ratio of PAAS to the average of the S&P500 Index (27.25), we can say PAAS is valued slightly more expensively.
PAAS is valuated correctly with a Price/Forward Earnings ratio of 16.14.
Based on the Price/Forward Earnings ratio, PAAS is valued a bit cheaper than the industry average as 67.52% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.98, PAAS is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.17 | ||
| Fwd PE | 16.14 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAAS is valued a bit cheaper than the industry average as 63.69% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, PAAS is valued cheaply inside the industry as 80.25% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.51 | ||
| EV/EBITDA | 17.09 |
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 65.96% in the coming years.
PEG (NY)0.18
PEG (5Y)64.51
EPS Next 2Y109.06%
EPS Next 3Y65.96%
5. Dividend
5.1 Amount
PAAS has a yearly dividend return of 0.78%, which is pretty low.
PAAS's Dividend Yield is a higher than the industry average which is at 0.98.
With a Dividend Yield of 0.78, PAAS pays less dividend than the S&P500 average, which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.78% |
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.
PAAS has decreased its dividend recently.
Dividend Growth(5Y)19.86%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
PAAS pays out 23.99% of its income as dividend. This is a sustainable payout ratio.
PAAS's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP23.99%
EPS Next 2Y109.06%
EPS Next 3Y65.96%
55.72
+1.45 (+2.67%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners69.88%
Inst Owner Change0.24%
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap23.51B
Revenue(TTM)3.25B
Net Income(TTM)634.10M
Analysts80
Price Target40.39 (-27.51%)
Short Float %2.47%
Short Ratio1.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.78% |
Yearly Dividend0.4
Dividend Growth(5Y)19.86%
DP23.99%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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)5.73%
PT rev (3m)36.32%
EPS NQ rev (1m)0%
EPS NQ rev (3m)52.15%
EPS NY rev (1m)0%
EPS NY rev (3m)18.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)40.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.17 | ||
| Fwd PE | 16.14 | ||
| P/S | 7.22 | ||
| P/FCF | 31.51 | ||
| P/OCF | 22.37 | ||
| P/B | 3.55 | ||
| P/tB | 3.55 | ||
| EV/EBITDA | 17.09 |
EPS(TTM)1.68
EY3.02%
EPS(NY)3.45
Fwd EY6.2%
FCF(TTM)1.77
FCFY3.17%
OCF(TTM)2.49
OCFY4.47%
SpS7.71
BVpS15.68
TBVpS15.68
PEG (NY)0.18
PEG (5Y)64.51
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 | 6.24 |
F-Score8
WACC9.16%
ROIC/WACC0.84
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 5Y22.19%
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 5Y21.6%
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 for 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.
What is the valuation of PAN AMERICAN SILVER CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for PAN AMERICAN SILVER CORP (PAAS) is 33.17 and the Price/Book (PB) ratio is 3.55.
Can you provide the dividend sustainability for PAAS stock?
The dividend rating of PAN AMERICAN SILVER CORP (PAAS) is 5 / 10 and the dividend payout ratio is 23.99%.