WHEATON PRECIOUS METALS CORP (WPM.CA) Fundamental Analysis & Valuation
TSX:WPM • CA9628791027
Current stock price
189.07 CAD
+2.46 (+1.32%)
Last:
This WPM.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. WPM.CA Profitability Analysis
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.
- WPM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- WPM has a Return On Assets of 16.13%. This is amongst the best in the industry. WPM outperforms 95.61% of its industry peers.
- WPM has a better Return On Equity (16.93%) than 94.11% of its industry peers.
- WPM has a better Return On Invested Capital (14.88%) than 96.37% of its industry peers.
- WPM had an Average Return On Invested Capital over the past 3 years of 9.76%. This is below the industry average of 12.74%.
- The last Return On Invested Capital (14.88%) for WPM is above the 3 year average (9.76%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.13% | ||
| ROE | 16.93% | ||
| ROIC | 14.88% |
ROA(3y)10.3%
ROA(5y)10.56%
ROE(3y)10.64%
ROE(5y)10.79%
ROIC(3y)9.76%
ROIC(5y)8.73%
1.3 Margins
- Looking at the Profit Margin, with a value of 63.58%, WPM belongs to the top of the industry, outperforming 99.00% of the companies in the same industry.
- WPM's Profit Margin has improved in the last couple of years.
- With an excellent Operating Margin value of 68.33%, WPM belongs to the best of the industry, outperforming 99.50% of the companies in the same industry.
- In the last couple of years the Operating Margin of WPM has grown nicely.
- WPM has a better Gross Margin (72.22%) than 98.25% of its industry peers.
- WPM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 68.33% | ||
| PM (TTM) | 63.58% | ||
| GM | 72.22% |
OM growth 3Y13.08%
OM growth 5Y7.58%
PM growth 3Y0.4%
PM growth 5Y6.54%
GM growth 3Y10.8%
GM growth 5Y6.22%
2. WPM.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so WPM is still creating some value.
- The number of shares outstanding for WPM remains at a similar level compared to 1 year ago.
- WPM has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for WPM is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 86.74 indicates that WPM is not in any danger for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 86.74, WPM belongs to the top of the industry, outperforming 87.72% 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.
- With an excellent Debt to FCF ratio value of 0.01, WPM belongs to the best of the industry, outperforming 98.00% of the companies in the same industry.
- A Debt/Equity ratio of 0.00 indicates that WPM is not too dependend on debt financing.
- With a Debt to Equity ratio value of 0.00, WPM perfoms like the industry average, outperforming 55.01% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | 86.74 |
ROIC/WACC1.24
WACC12.04%
2.3 Liquidity
- WPM has a Current Ratio of 7.78. This indicates that WPM is financially healthy and has no problem in meeting its short term obligations.
- The Current ratio of WPM (7.78) is better than 78.95% of its industry peers.
- A Quick Ratio of 7.78 indicates that WPM has no problem at all paying its short term obligations.
- WPM's Quick ratio of 7.78 is fine compared to the rest of the industry. WPM outperforms 79.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 7.78 | ||
| Quick Ratio | 7.78 |
3. WPM.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 105.93% over the past year.
- The Earnings Per Share has been growing by 22.35% on average over the past years. This is a very strong growth
- The Revenue has grown by 80.18% in the past year. This is a very strong growth!
- WPM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.12% yearly.
EPS 1Y (TTM)105.93%
EPS 3Y39.3%
EPS 5Y22.35%
EPS Q2Q%177.9%
Revenue 1Y (TTM)80.18%
Revenue growth 3Y29.53%
Revenue growth 5Y16.12%
Sales Q2Q%127.25%
3.2 Future
- Based on estimates for the next years, WPM will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.08% on average per year.
- The Revenue is expected to grow by 11.88% on average over the next years. This is quite good.
EPS Next Y45.78%
EPS Next 2Y21.71%
EPS Next 3Y6.16%
EPS Next 5Y11.08%
Revenue Next Year76.39%
Revenue Next 2Y35.23%
Revenue Next 3Y21.04%
Revenue Next 5Y11.88%
3.3 Evolution
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. WPM.CA Valuation Analysis
4.1 Price/Earnings Ratio
- WPM is valuated quite expensively with a Price/Earnings ratio of 45.02.
- Based on the Price/Earnings ratio, WPM is valued cheaply inside the industry as 87.22% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 26.21, WPM is valued quite expensively.
- The Price/Forward Earnings ratio is 30.88, which means the current valuation is very expensive for WPM.
- Based on the Price/Forward Earnings ratio, WPM is valued cheaper than 87.34% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 23.10, WPM is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.02 | ||
| Fwd PE | 30.88 |
4.2 Price Multiples
- WPM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. WPM is cheaper than 89.47% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, WPM is valued cheaply inside the industry as 90.60% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 109.48 | ||
| EV/EBITDA | 32.1 |
4.3 Compensation for Growth
- WPM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- WPM has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.98
PEG (5Y)2.01
EPS Next 2Y21.71%
EPS Next 3Y6.16%
5. WPM.CA Dividend Analysis
5.1 Amount
- WPM has a yearly dividend return of 0.46%, which is pretty low.
- WPM's Dividend Yield is rather good when compared to the industry average which is at 0.89. WPM pays more dividend than 95.24% of the companies in the same industry.
- With a Dividend Yield of 0.46, WPM pays less dividend than the S&P500 average, which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.46% |
5.2 History
- The dividend of WPM is nicely growing with an annual growth rate of 11.87%!
- WPM has been paying a dividend for at least 10 years, so it has a reliable track record.
- WPM has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.87%
Div Incr Years2
Div Non Decr Years10
5.3 Sustainability
- 20.14% of the earnings are spent on dividend by WPM. This is a low number and sustainable payout ratio.
- WPM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP20.14%
EPS Next 2Y21.71%
EPS Next 3Y6.16%
WPM.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:WPM (4/7/2026, 7:00:00 PM)
189.07
+2.46 (+1.32%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-12 2026-03-12/amc
Earnings (Next)05-07 2026-05-07
Inst Owners72.39%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap85.84B
Revenue(TTM)2.31B
Net Income(TTM)1.47B
Analysts85
Price Target247.03 (30.66%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.46% |
Yearly Dividend0.91
Dividend Growth(5Y)11.87%
DP20.14%
Div Incr Years2
Div Non Decr Years10
Ex-Date03-31 2026-03-31 (0.195)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.42%
Min EPS beat(2)0.07%
Max EPS beat(2)18.77%
EPS beat(4)4
Avg EPS beat(4)9.62%
Min EPS beat(4)0.07%
Max EPS beat(4)18.77%
EPS beat(8)7
Avg EPS beat(8)8.09%
EPS beat(12)10
Avg EPS beat(12)6.76%
EPS beat(16)12
Avg EPS beat(16)4.5%
Revenue beat(2)1
Avg Revenue beat(2)8.89%
Min Revenue beat(2)-0.97%
Max Revenue beat(2)18.75%
Revenue beat(4)3
Avg Revenue beat(4)9.74%
Min Revenue beat(4)-0.97%
Max Revenue beat(4)18.75%
Revenue beat(8)4
Avg Revenue beat(8)3.88%
Revenue beat(12)6
Avg Revenue beat(12)1.66%
Revenue beat(16)8
Avg Revenue beat(16)0.68%
PT rev (1m)4.55%
PT rev (3m)36.04%
EPS NQ rev (1m)9.4%
EPS NQ rev (3m)50.64%
EPS NY rev (1m)0%
EPS NY rev (3m)33.29%
Revenue NQ rev (1m)12.52%
Revenue NQ rev (3m)34.29%
Revenue NY rev (1m)24.36%
Revenue NY rev (3m)49.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.02 | ||
| Fwd PE | 30.88 | ||
| P/S | 26.66 | ||
| P/FCF | 109.48 | ||
| P/OCF | 32.39 | ||
| P/B | 7.1 | ||
| P/tB | 7.1 | ||
| EV/EBITDA | 32.1 |
EPS(TTM)4.2
EY2.22%
EPS(NY)6.12
Fwd EY3.24%
FCF(TTM)1.73
FCFY0.91%
OCF(TTM)5.84
OCFY3.09%
SpS7.09
BVpS26.63
TBVpS26.63
PEG (NY)0.98
PEG (5Y)2.01
Graham Number50.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.13% | ||
| ROE | 16.93% | ||
| ROCE | 17.63% | ||
| ROIC | 14.88% | ||
| ROICexc | 17.07% | ||
| ROICexgc | 17.08% | ||
| OM | 68.33% | ||
| PM (TTM) | 63.58% | ||
| GM | 72.22% | ||
| FCFM | 24.35% |
ROA(3y)10.3%
ROA(5y)10.56%
ROE(3y)10.64%
ROE(5y)10.79%
ROIC(3y)9.76%
ROIC(5y)8.73%
ROICexc(3y)11.01%
ROICexc(5y)9.69%
ROICexgc(3y)11.02%
ROICexgc(5y)9.69%
ROCE(3y)11.57%
ROCE(5y)10.35%
ROICexgc growth 3Y34.36%
ROICexgc growth 5Y17.41%
ROICexc growth 3Y34.35%
ROICexc growth 5Y17.41%
OM growth 3Y13.08%
OM growth 5Y7.58%
PM growth 3Y0.4%
PM growth 5Y6.54%
GM growth 3Y10.8%
GM growth 5Y6.22%
F-Score6
Asset Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 439.55% | ||
| Cap/Sales | 57.95% | ||
| Interest Coverage | 3686.81 | ||
| Cash Conversion | 100.96% | ||
| Profit Quality | 38.3% | ||
| Current Ratio | 7.78 | ||
| Quick Ratio | 7.78 | ||
| Altman-Z | 86.74 |
F-Score6
WACC12.04%
ROIC/WACC1.24
Cap/Depr(3y)333.29%
Cap/Depr(5y)N/A
Cap/Sales(3y)57.39%
Cap/Sales(5y)N/A
Profit Quality(3y)43.33%
Profit Quality(5y)70.61%
High Growth Momentum
Growth
EPS 1Y (TTM)105.93%
EPS 3Y39.3%
EPS 5Y22.35%
EPS Q2Q%177.9%
EPS Next Y45.78%
EPS Next 2Y21.71%
EPS Next 3Y6.16%
EPS Next 5Y11.08%
Revenue 1Y (TTM)80.18%
Revenue growth 3Y29.53%
Revenue growth 5Y16.12%
Sales Q2Q%127.25%
Revenue Next Year76.39%
Revenue Next 2Y35.23%
Revenue Next 3Y21.04%
Revenue Next 5Y11.88%
EBIT growth 1Y116.75%
EBIT growth 3Y46.47%
EBIT growth 5Y24.92%
EBIT Next Year83.84%
EBIT Next 3Y16.42%
EBIT Next 5Y17.63%
FCF growth 1Y41.13%
FCF growth 3Y-8.82%
FCF growth 5Y-5.94%
OCF growth 1Y85.39%
OCF growth 3Y36.84%
OCF growth 5Y20.01%
WHEATON PRECIOUS METALS CORP / WPM.CA Fundamental Analysis FAQ
What is the fundamental rating for WPM stock?
ChartMill assigns a fundamental rating of 8 / 10 to WPM.CA.
Can you provide the valuation status for WHEATON PRECIOUS METALS CORP?
ChartMill assigns a valuation rating of 6 / 10 to WHEATON PRECIOUS METALS CORP (WPM.CA). This can be considered as Fairly Valued.
What is the profitability of WPM stock?
WHEATON PRECIOUS METALS CORP (WPM.CA) has a profitability rating of 9 / 10.
Can you provide the financial health for WPM stock?
The financial health rating of WHEATON PRECIOUS METALS CORP (WPM.CA) is 7 / 10.
How sustainable is the dividend of WHEATON PRECIOUS METALS CORP (WPM.CA) stock?
The dividend rating of WHEATON PRECIOUS METALS CORP (WPM.CA) is 6 / 10 and the dividend payout ratio is 20.14%.