WHEATON PRECIOUS METALS CORP (WPM.CA) Fundamental Analysis & Valuation

TSX:WPM • CA9628791027

199.72 CAD
-2.35 (-1.16%)
Last: Mar 6, 2026, 07:00 PM
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This WPM.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

8

Overall WPM gets a fundamental rating of 8 out of 10. We evaluated WPM against 817 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 is growing strongly while it also seems undervalued. This is an interesting combination With these ratings, WPM could be worth investigating further for value and growth and quality investing!.


Dividend Valuation Growth Profitability Health

9

1. WPM.CA Profitability Analysis

1.1 Basic Checks

  • WPM had positive earnings in the past year.
  • 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.
WPM.CA Yearly Net Income VS EBIT VS OCF VS FCFWPM.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M 800M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 11.90%, WPM belongs to the top of the industry, outperforming 93.14% of the companies in the same industry.
  • WPM has a Return On Equity of 12.38%. This is amongst the best in the industry. WPM outperforms 91.18% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 10.12%, WPM belongs to the top of the industry, outperforming 94.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for WPM is significantly below the industry average of 12.59%.
  • The 3 year average ROIC (5.89%) for WPM is below the current ROIC(10.12%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 11.9%
ROE 12.38%
ROIC 10.12%
ROA(3y)8.22%
ROA(5y)9.04%
ROE(3y)8.32%
ROE(5y)9.18%
ROIC(3y)5.89%
ROIC(5y)6.17%
WPM.CA Yearly ROA, ROE, ROICWPM.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • The Profit Margin of WPM (54.72%) is better than 98.53% of its industry peers.
  • In the last couple of years the Profit Margin of WPM has grown nicely.
  • WPM's Operating Margin of 63.50% is amongst the best of the industry. WPM outperforms 99.39% of its industry peers.
  • In the last couple of years the Operating Margin of WPM has grown nicely.
  • WPM has a Gross Margin of 68.59%. This is amongst the best in the industry. WPM outperforms 97.67% of its industry peers.
  • In the last couple of years the Gross Margin of WPM has grown nicely.
Industry RankSector Rank
OM 63.5%
PM (TTM) 54.72%
GM 68.59%
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%
WPM.CA Yearly Profit, Operating, Gross MarginsWPM.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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8

2. WPM.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), WPM is creating some 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.
  • The debt/assets ratio for WPM has been reduced compared to a year ago.
WPM.CA Yearly Shares OutstandingWPM.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
WPM.CA Yearly Total Debt VS Total AssetsWPM.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • WPM has an Altman-Z score of 125.18. This indicates that WPM is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of WPM (125.18) is better than 89.95% of its industry peers.
  • The Debt to FCF ratio of WPM is 0.01, which is an excellent value as it means it would take WPM, only 0.01 years of fcf income to pay off all of its debts.
  • WPM has a Debt to FCF ratio of 0.01. This is amongst the best in the industry. WPM outperforms 97.79% 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.
  • Looking at the Debt to Equity ratio, with a value of 0.00, WPM is in line with its industry, outperforming 54.90% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.01
Altman-Z 125.18
ROIC/WACC1.01
WACC10.03%
WPM.CA Yearly LT Debt VS Equity VS FCFWPM.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 8.09 indicates that WPM has no problem at all paying its short term obligations.
  • The Current ratio of WPM (8.09) is better than 81.13% of its industry peers.
  • WPM has a Quick Ratio of 8.09. This indicates that WPM is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of WPM (8.09) is better than 81.25% of its industry peers.
Industry RankSector Rank
Current Ratio 8.09
Quick Ratio 8.09
WPM.CA Yearly Current Assets VS Current LiabilitesWPM.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

9

3. WPM.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 61.01% 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 50.33%.
  • The Revenue has been growing by 8.32% on average over the past years. This is quite good.
EPS 1Y (TTM)61.01%
EPS 3Y3.74%
EPS 5Y21.22%
EPS Q2Q%83.38%
Revenue 1Y (TTM)50.33%
Revenue growth 3Y2.25%
Revenue growth 5Y8.32%
Sales Q2Q%54.5%

3.2 Future

  • The Earnings Per Share is expected to grow by 25.67% on average over the next years. This is a very strong growth
  • WPM is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.62% yearly.
EPS Next Y85.01%
EPS Next 2Y52.79%
EPS Next 3Y36.82%
EPS Next 5Y25.67%
Revenue Next Year67.26%
Revenue Next 2Y50.52%
Revenue Next 3Y36.33%
Revenue Next 5Y21.62%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
WPM.CA Yearly Revenue VS EstimatesWPM.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B
WPM.CA Yearly EPS VS EstimatesWPM.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

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7

4. WPM.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 65.48 indicates a quite expensive valuation of WPM.
  • 87.13% of the companies in the same industry are more expensive than WPM, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 26.29. WPM is valued rather expensively when compared to this.
  • WPM is valuated quite expensively with a Price/Forward Earnings ratio of 42.84.
  • Based on the Price/Forward Earnings ratio, WPM is valued cheaply inside the industry as 87.38% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.57, WPM is valued quite expensively.
Industry RankSector Rank
PE 65.48
Fwd PE 42.84
WPM.CA Price Earnings VS Forward Price EarningsWPM.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

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 89.71% of the companies listed in the same industry.
  • 91.54% of the companies in the same industry are more expensive than WPM, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 99.64
EV/EBITDA 45.64
WPM.CA Per share dataWPM.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

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 excellent profitability rating of WPM may justify a higher PE ratio.
  • WPM's earnings are expected to grow with 36.82% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.77
PEG (5Y)3.09
EPS Next 2Y52.79%
EPS Next 3Y36.82%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. WPM.CA Dividend Analysis

5.1 Amount

  • WPM has a yearly dividend return of 0.46%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.40, WPM pays a better dividend. On top of this WPM pays more dividend than 95.83% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, WPM's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.46%

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.
  • As WPM did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)16.13%
Div Incr Years1
Div Non Decr Years9
WPM.CA Yearly Dividends per shareWPM.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

  • WPM pays out 29.16% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of WPM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP29.16%
EPS Next 2Y52.79%
EPS Next 3Y36.82%
WPM.CA Yearly Income VS Free CF VS DividendWPM.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M 800M
WPM.CA Dividend Payout.WPM.CA Dividend Payout, showing the Payout Ratio.WPM.CA Dividend Payout.PayoutRetained Earnings

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WPM.CA Fundamentals: All Metrics, Ratios and Statistics

WHEATON PRECIOUS METALS CORP

TSX:WPM (3/6/2026, 7:00:00 PM)

199.72

-2.35 (-1.16%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-06
Earnings (Next)03-12
Inst Owners73.32%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap90.68B
Revenue(TTM)1.83B
Net Income(TTM)1.00B
Analysts83.75
Price Target236.29 (18.31%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.46%
Yearly Dividend0.84
Dividend Growth(5Y)16.13%
DP29.16%
Div Incr Years1
Div Non Decr Years9
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.78%
Min EPS beat(2)0.07%
Max EPS beat(2)13.49%
EPS beat(4)4
Avg EPS beat(4)4.94%
Min EPS beat(4)0.05%
Max EPS beat(4)13.49%
EPS beat(8)7
Avg EPS beat(8)6.94%
EPS beat(12)9
Avg EPS beat(12)4.55%
EPS beat(16)11
Avg EPS beat(16)2.9%
Revenue beat(2)1
Avg Revenue beat(2)6.75%
Min Revenue beat(2)-0.97%
Max Revenue beat(2)14.47%
Revenue beat(4)2
Avg Revenue beat(4)3.93%
Min Revenue beat(4)-4.5%
Max Revenue beat(4)14.47%
Revenue beat(8)4
Avg Revenue beat(8)2.12%
Revenue beat(12)5
Avg Revenue beat(12)-0.35%
Revenue beat(16)7
Avg Revenue beat(16)-0.73%
PT rev (1m)24.83%
PT rev (3m)30.94%
EPS NQ rev (1m)11.72%
EPS NQ rev (3m)19.94%
EPS NY rev (1m)0%
EPS NY rev (3m)6.41%
Revenue NQ rev (1m)6.9%
Revenue NQ rev (3m)13.5%
Revenue NY rev (1m)2.37%
Revenue NY rev (3m)6.51%
Valuation
Industry RankSector Rank
PE 65.48
Fwd PE 42.84
P/S 36.36
P/FCF 99.64
P/OCF 45.03
P/B 8.22
P/tB 8.23
EV/EBITDA 45.64
EPS(TTM)3.05
EY1.53%
EPS(NY)4.66
Fwd EY2.33%
FCF(TTM)2
FCFY1%
OCF(TTM)4.44
OCFY2.22%
SpS5.49
BVpS24.28
TBVpS24.28
PEG (NY)0.77
PEG (5Y)3.09
Graham Number40.82
Profitability
Industry RankSector Rank
ROA 11.9%
ROE 12.38%
ROCE 14.05%
ROIC 10.12%
ROICexc 11.77%
ROICexgc 11.77%
OM 63.5%
PM (TTM) 54.72%
GM 68.59%
FCFM 36.49%
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%
ROICexgc growth 3Y3.88%
ROICexgc 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 Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.01
Debt/EBITDA 0.01
Cap/Depr 281.52%
Cap/Sales 44.26%
Interest Coverage 3075.04
Cash Conversion 101.93%
Profit Quality 66.69%
Current Ratio 8.09
Quick Ratio 8.09
Altman-Z 125.18
F-Score6
WACC10.03%
ROIC/WACC1.01
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)61.01%
EPS 3Y3.74%
EPS 5Y21.22%
EPS Q2Q%83.38%
EPS Next Y85.01%
EPS Next 2Y52.79%
EPS Next 3Y36.82%
EPS Next 5Y25.67%
Revenue 1Y (TTM)50.33%
Revenue growth 3Y2.25%
Revenue growth 5Y8.32%
Sales Q2Q%54.5%
Revenue Next Year67.26%
Revenue Next 2Y50.52%
Revenue Next 3Y36.33%
Revenue Next 5Y21.62%
EBIT growth 1Y75.47%
EBIT growth 3Y6.86%
EBIT growth 5Y20.15%
EBIT Next Year142.28%
EBIT Next 3Y56.11%
EBIT Next 5Y30.36%
FCF growth 1Y57.1%
FCF growth 3Y-22.11%
FCF growth 5Y-4.46%
OCF growth 1Y117.18%
OCF growth 3Y6.73%
OCF growth 5Y15.42%

WHEATON PRECIOUS METALS CORP / WPM.CA 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 7 / 10 to WHEATON PRECIOUS METALS CORP (WPM.CA). This can be considered as Undervalued.


Can you provide the profitability details for WHEATON PRECIOUS METALS CORP?

WHEATON PRECIOUS METALS CORP (WPM.CA) has a profitability rating of 9 / 10.


What are the PE and PB ratios of WHEATON PRECIOUS METALS CORP (WPM.CA) stock?

The Price/Earnings (PE) ratio for WHEATON PRECIOUS METALS CORP (WPM.CA) is 65.48 and the Price/Book (PB) ratio is 8.22.


Can you provide the expected EPS growth for WPM stock?

The Earnings per Share (EPS) of WHEATON PRECIOUS METALS CORP (WPM.CA) is expected to grow by 85.01% in the next year.