WHEATON PRECIOUS METALS CORP (WPM.CA) Stock Fundamental Analysis
TSX:WPM - Toronto Stock Exchange - CA9628791027 - Common Stock - Currency: CAD
Taking everything into account, WPM scores 7 out of 10 in our fundamental rating. WPM was compared to 797 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making WPM a very profitable company, without any liquidiy or solvency issues. WPM has a correct valuation and a medium growth rate. With these ratings, WPM could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
In the past year WPM was profitable.
WPM had a positive operating cash flow in the past year.
Each year in the past 5 years WPM has been profitable.
Each year in the past 5 years WPM had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 8.00%, WPM belongs to the top of the industry, outperforming 92.22% of the companies in the same industry.
With an excellent Return On Equity value of 8.29%, WPM belongs to the best of the industry, outperforming 91.09% of the companies in the same industry.
WPM's Return On Invested Capital of 8.12% is amongst the best of the industry. WPM outperforms 93.48% of its industry peers.
The Average Return On Invested Capital over the past 3 years for WPM is significantly below the industry average of 12.25%.
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
The Profit Margin of WPM (42.45%) is better than 97.87% of its industry peers.
In the last couple of years the Profit Margin of WPM has grown nicely.
The Operating Margin of WPM (59.12%) is better than 99.25% of its industry peers.
In the last couple of years the Operating Margin of WPM has grown nicely.
With an excellent Gross Margin value of 65.15%, WPM belongs to the best of the industry, outperforming 97.99% 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.
WPM has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for WPM has been increased compared to 5 years ago.
Compared to 1 year ago, WPM has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 93.74 indicates that WPM is not in any danger for bankruptcy at the moment.
WPM's Altman-Z score of 93.74 is amongst the best of the industry. WPM outperforms 93.73% of its industry peers.
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.
WPM's Debt to FCF ratio of 0.01 is amongst the best of the industry. WPM outperforms 97.62% of its industry peers.
WPM has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
WPM's Debt to Equity ratio of 0.00 is in line compared to the rest of the industry. WPM outperforms 56.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | 93.74 |
ROIC/WACC0.94
WACC8.68%
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.
WPM's Current ratio of 11.38 is amongst the best of the industry. WPM outperforms 87.08% of its industry peers.
WPM has a Quick Ratio of 11.38. This indicates that WPM is financially healthy and has no problem in meeting its short term obligations.
WPM has a Quick ratio of 11.38. This is amongst the best in the industry. WPM outperforms 87.20% of its industry peers.
| 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.
WPM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.22% yearly.
WPM shows a strong growth in Revenue. In the last year, the Revenue has grown by 32.76%.
Measured over the past years, WPM shows a quite strong growth in Revenue. The Revenue has been growing by 8.32% on average per year.
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.
Based on estimates for the next years, WPM will show a small growth in Revenue. The Revenue will grow by 4.47% on average per year.
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 55.98, the valuation of WPM can be described as expensive.
WPM's Price/Earnings ratio is rather cheap when compared to the industry. WPM is cheaper than 87.08% of the companies in the same industry.
WPM's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.29.
A Price/Forward Earnings ratio of 44.99 indicates a quite expensive valuation of WPM.
WPM's Price/Forward Earnings ratio is rather cheap when compared to the industry. WPM is cheaper than 85.95% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of WPM to the average of the S&P500 Index (21.74), we can say WPM is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 55.98 | ||
| Fwd PE | 44.99 |
4.2 Price Multiples
88.58% of the companies in the same industry are more expensive than WPM, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of WPM indicates a rather cheap valuation: WPM is cheaper than 91.47% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 46.93 | ||
| EV/EBITDA | 36.47 |
4.3 Compensation for Growth
The 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)1.24
PEG (5Y)2.64
EPS Next 2Y18.52%
EPS Next 3Y11.37%
5. Dividend
5.1 Amount
WPM has a yearly dividend return of 0.67%, which is pretty low.
WPM's Dividend Yield is rather good when compared to the industry average which is at 13.23. WPM pays more dividend than 95.61% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, 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 been paying a dividend for at least 10 years, so it has 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
WPM pays out 45.07% of its income as dividend. 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 (7/7/2025, 7:00:00 PM)
126.52
+2.27 (+1.83%)
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 Cap57.42B
Analysts82.5
Price Target138.02 (9.09%)
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 | 55.98 | ||
| Fwd PE | 44.99 | ||
| P/S | 28.83 | ||
| P/FCF | 46.93 | ||
| P/OCF | 35.97 | ||
| P/B | 5.63 | ||
| P/tB | 5.63 | ||
| EV/EBITDA | 36.47 |
EPS(TTM)2.26
EY1.79%
EPS(NY)2.81
Fwd EY2.22%
FCF(TTM)2.7
FCFY2.13%
OCF(TTM)3.52
OCFY2.78%
SpS4.39
BVpS22.47
TBVpS22.46
PEG (NY)1.24
PEG (5Y)2.64
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 | 93.74 |
F-Score6
WACC8.68%
ROIC/WACC0.94
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%