WHEATON PRECIOUS METALS CORP (WPM.CA) Stock Fundamental Analysis
TSX:WPM - Toronto Stock Exchange - CA9628791027 - Common Stock - Currency: CAD
WPM gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 810 industry peers in the Metals & Mining industry. WPM has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. WPM has a decent growth rate and is not valued too expensively. This makes WPM very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year WPM was profitable.
In the past year WPM had a positive cash flow from operations.
WPM had positive earnings in each of the past 5 years.
Each year in the past 5 years WPM had a positive operating cash flow.
1.2 Ratios
WPM's Return On Assets of 8.00% is amongst the best of the industry. WPM outperforms 91.98% of its industry peers.
Looking at the Return On Equity, with a value of 8.29%, WPM belongs to the top of the industry, outperforming 90.99% of the companies in the same industry.
The Return On Invested Capital of WPM (8.12%) is better than 93.46% of its industry peers.
WPM had an Average Return On Invested Capital over the past 3 years of 5.89%. This is significantly below the industry average of 12.36%.
The last Return On Invested Capital (8.12%) for WPM is above the 3 year average (5.89%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8% | ||
| ROE | 8.29% | ||
| ROIC | 8.12% |
ROA(3y)8.22%
ROA(5y)9.04%
ROE(3y)8.32%
ROE(5y)9.18%
ROIC(3y)5.89%
ROIC(5y)6.17%
1.3 Margins
With an excellent Profit Margin value of 42.45%, WPM belongs to the best of the industry, outperforming 97.78% of the companies in the same industry.
In the last couple of years the Profit Margin of WPM has grown nicely.
WPM has a Operating Margin of 59.12%. This is amongst the best in the industry. WPM outperforms 99.26% of its industry peers.
In the last couple of years the Operating Margin of WPM has grown nicely.
Looking at the Gross Margin, with a value of 65.15%, WPM belongs to the top of the industry, outperforming 97.90% of the companies in the same industry.
In the last couple of years the Gross Margin of WPM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 59.12% | ||
| PM (TTM) | 42.45% | ||
| GM | 65.15% |
OM growth 3Y4.51%
OM growth 5Y10.92%
PM growth 3Y-13.12%
PM growth 5Y32.74%
GM growth 3Y4.45%
GM growth 5Y9.24%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WPM is destroying value.
The number of shares outstanding for WPM remains at a similar level compared to 1 year ago.
The number of shares outstanding for WPM has been increased compared to 5 years ago.
WPM has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 92.51 indicates that WPM is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 92.51, WPM belongs to the top of the industry, outperforming 93.83% of the companies in the same industry.
WPM has a debt to FCF ratio of 0.01. This is a very positive value and a sign of high solvency as it would only need 0.01 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.01, WPM belongs to the top of the industry, outperforming 97.65% of the companies in the same industry.
A Debt/Equity ratio of 0.00 indicates that WPM is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.00, WPM is in line with its industry, outperforming 56.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | 92.51 |
ROIC/WACC0.95
WACC8.57%
2.3 Liquidity
WPM has a Current Ratio of 11.38. This indicates that WPM is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 11.38, WPM belongs to the best of the industry, outperforming 86.91% of the companies in the same industry.
A Quick Ratio of 11.38 indicates that WPM has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 11.38, WPM belongs to the top of the industry, outperforming 87.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 11.38 | ||
| Quick Ratio | 11.38 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 26.88% over the past year.
The Earnings Per Share has been growing by 21.22% on average over the past years. This is a very strong growth
Looking at the last year, WPM shows a very strong growth in Revenue. The Revenue has grown by 32.76%.
The Revenue has been growing by 8.32% on average over the past years. This is quite good.
EPS 1Y (TTM)26.88%
EPS 3Y3.74%
EPS 5Y21.22%
EPS Q2Q%52.91%
Revenue 1Y (TTM)32.76%
Revenue growth 3Y2.25%
Revenue growth 5Y8.32%
Sales Q2Q%58.49%
3.2 Future
WPM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.88% yearly.
The Revenue is expected to grow by 4.47% on average over the next years.
EPS Next Y45.16%
EPS Next 2Y18.52%
EPS Next 3Y11.37%
EPS Next 5Y9.88%
Revenue Next Year37.46%
Revenue Next 2Y18.95%
Revenue Next 3Y14.49%
Revenue Next 5Y4.47%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 55.22, the valuation of WPM can be described as expensive.
86.91% of the companies in the same industry are more expensive than WPM, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.45, WPM is valued quite expensively.
Based on the Price/Forward Earnings ratio of 44.39, the valuation of WPM can be described as expensive.
Based on the Price/Forward Earnings ratio, WPM is valued cheaply inside the industry as 86.30% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of WPM to the average of the S&P500 Index (21.90), we can say WPM is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 55.22 | ||
| Fwd PE | 44.39 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WPM indicates a rather cheap valuation: WPM is cheaper than 88.52% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, WPM is valued cheaper than 91.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 46.3 | ||
| EV/EBITDA | 35.97 |
4.3 Compensation for Growth
WPM's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
WPM has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.22
PEG (5Y)2.6
EPS Next 2Y18.52%
EPS Next 3Y11.37%
5. Dividend
5.1 Amount
With a yearly dividend of 0.67%, WPM is not a good candidate for dividend investing.
WPM's Dividend Yield is rather good when compared to the industry average which is at 13.23. WPM pays more dividend than 95.68% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, WPM's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.67% |
5.2 History
On average, the dividend of WPM grows each year by 16.13%, which is quite nice.
WPM has paid a dividend for at least 10 years, which is a reliable track record.
WPM has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)16.13%
Div Incr Years1
Div Non Decr Years9
5.3 Sustainability
45.07% of the earnings are spent on dividend by WPM. This is a bit on the high side, but may be sustainable.
The dividend of WPM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP45.07%
EPS Next 2Y18.52%
EPS Next 3Y11.37%
TSX:WPM (7/4/2025, 7:00:00 PM)
124.25
+0.93 (+0.75%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners71.52%
Inst Owner ChangeN/A
Ins Owners0.12%
Ins Owner ChangeN/A
Market Cap56.39B
Analysts82.5
Price Target138.02 (11.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.67% |
Yearly Dividend0.84
Dividend Growth(5Y)16.13%
DP45.07%
Div Incr Years1
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.1%
Min EPS beat(2)0.05%
Max EPS beat(2)6.14%
EPS beat(4)3
Avg EPS beat(4)3.01%
Min EPS beat(4)-1.83%
Max EPS beat(4)7.68%
EPS beat(8)7
Avg EPS beat(8)7.47%
EPS beat(12)8
Avg EPS beat(12)3.19%
EPS beat(16)9
Avg EPS beat(16)0.91%
Revenue beat(2)1
Avg Revenue beat(2)1.1%
Min Revenue beat(2)-4.5%
Max Revenue beat(2)6.71%
Revenue beat(4)1
Avg Revenue beat(4)-1.28%
Min Revenue beat(4)-4.5%
Max Revenue beat(4)6.71%
Revenue beat(8)4
Avg Revenue beat(8)-0.35%
Revenue beat(12)5
Avg Revenue beat(12)-1.8%
Revenue beat(16)6
Avg Revenue beat(16)-2.64%
PT rev (1m)2.33%
PT rev (3m)17.9%
EPS NQ rev (1m)1.8%
EPS NQ rev (3m)11.7%
EPS NY rev (1m)0%
EPS NY rev (3m)11.19%
Revenue NQ rev (1m)2.91%
Revenue NQ rev (3m)2.67%
Revenue NY rev (1m)0%
Revenue NY rev (3m)10.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 55.22 | ||
| Fwd PE | 44.39 | ||
| P/S | 28.45 | ||
| P/FCF | 46.3 | ||
| P/OCF | 35.49 | ||
| P/B | 5.56 | ||
| P/tB | 5.56 | ||
| EV/EBITDA | 35.97 |
EPS(TTM)2.25
EY1.81%
EPS(NY)2.8
Fwd EY2.25%
FCF(TTM)2.68
FCFY2.16%
OCF(TTM)3.5
OCFY2.82%
SpS4.37
BVpS22.36
TBVpS22.36
PEG (NY)1.22
PEG (5Y)2.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8% | ||
| ROE | 8.29% | ||
| ROCE | 11.28% | ||
| ROIC | 8.12% | ||
| ROICexc | 9.47% | ||
| ROICexgc | 9.47% | ||
| OM | 59.12% | ||
| PM (TTM) | 42.45% | ||
| GM | 65.15% | ||
| FCFM | 61.44% |
ROA(3y)8.22%
ROA(5y)9.04%
ROE(3y)8.32%
ROE(5y)9.18%
ROIC(3y)5.89%
ROIC(5y)6.17%
ROICexc(3y)6.54%
ROICexc(5y)6.66%
ROICexgc(3y)6.54%
ROICexgc(5y)6.66%
ROCE(3y)8.19%
ROCE(5y)8.58%
ROICexcg growth 3Y3.88%
ROICexcg growth 5Y18.4%
ROICexc growth 3Y3.87%
ROICexc growth 5Y18.39%
OM growth 3Y4.51%
OM growth 5Y10.92%
PM growth 3Y-13.12%
PM growth 5Y32.74%
GM growth 3Y4.45%
GM growth 5Y9.24%
F-Score6
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Debt/EBITDA | 0.01 | ||
| Cap/Depr | 104.51% | ||
| Cap/Sales | 18.73% | ||
| Interest Coverage | 2845.27 | ||
| Cash Conversion | 104.06% | ||
| Profit Quality | 144.72% | ||
| Current Ratio | 11.38 | ||
| Quick Ratio | 11.38 | ||
| Altman-Z | 92.51 |
F-Score6
WACC8.57%
ROIC/WACC0.95
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)67.6%
Profit Quality(5y)93.1%
High Growth Momentum
Growth
EPS 1Y (TTM)26.88%
EPS 3Y3.74%
EPS 5Y21.22%
EPS Q2Q%52.91%
EPS Next Y45.16%
EPS Next 2Y18.52%
EPS Next 3Y11.37%
EPS Next 5Y9.88%
Revenue 1Y (TTM)32.76%
Revenue growth 3Y2.25%
Revenue growth 5Y8.32%
Sales Q2Q%58.49%
Revenue Next Year37.46%
Revenue Next 2Y18.95%
Revenue Next 3Y14.49%
Revenue Next 5Y4.47%
EBIT growth 1Y52.61%
EBIT growth 3Y6.86%
EBIT growth 5Y20.15%
EBIT Next Year94.96%
EBIT Next 3Y28.98%
EBIT Next 5Y17.39%
FCF growth 1Y69.12%
FCF growth 3Y-22.11%
FCF growth 5Y-4.46%
OCF growth 1Y75%
OCF growth 3Y6.73%
OCF growth 5Y15.42%