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
This WPM.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, WPM scores 8 out of 10 in our fundamental rating. WPM was compared to 815 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 both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! With these ratings, WPM could be worth investigating further for value and growth and quality investing!.
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.
- In the past 5 years WPM has always been profitable.
- In the past 5 years WPM always reported a positive cash flow from operatings.
1.2 Ratios
- With an excellent Return On Assets value of 11.90%, WPM belongs to the best of the industry, outperforming 93.01% 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 91.17% 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 93.86% of the companies in the same industry.
- WPM had an Average Return On Invested Capital over the past 3 years of 5.89%. This is significantly below the industry average of 12.69%.
- The last Return On Invested Capital (10.12%) for WPM is above the 3 year average (5.89%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
1.3 Margins
- WPM has a better Profit Margin (54.72%) than 98.53% of its industry peers.
- WPM's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 63.50%, WPM belongs to the top of the industry, outperforming 99.39% of the companies in the same industry.
- WPM's Operating Margin has improved in the last couple of years.
- With an excellent Gross Margin value of 68.59%, WPM belongs to the best of the industry, outperforming 97.67% of the companies in the same industry.
- WPM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. WPM.CA Health Analysis
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 123.50 indicates that WPM is not in any danger for bankruptcy at the moment.
- WPM's Altman-Z score of 123.50 is amongst the best of the industry. WPM outperforms 88.96% 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.
- The Debt to FCF ratio of WPM (0.01) is better than 97.91% of its industry peers.
- A Debt/Equity ratio of 0.00 indicates that WPM is not too dependend on debt financing.
- WPM's Debt to Equity ratio of 0.00 is in line compared to the rest of the industry. WPM outperforms 54.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | 123.5 |
ROIC/WACC0.99
WACC10.18%
2.3 Liquidity
- WPM has a Current Ratio of 8.09. This indicates that WPM is financially healthy and has no problem in meeting its short term obligations.
- WPM has a better Current ratio (8.09) than 80.98% 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.
- With an excellent Quick ratio value of 8.09, WPM belongs to the best of the industry, outperforming 81.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.09 | ||
| Quick Ratio | 8.09 |
3. WPM.CA Growth Analysis
3.1 Past
- WPM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 61.01%, which is quite impressive.
- WPM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.22% yearly.
- The Revenue has grown by 50.33% in the past year. This is a very strong growth!
- 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)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
- WPM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.67% yearly.
- The Revenue is expected to grow by 21.62% on average over the next years. This is a very strong growth
EPS Next Y92.04%
EPS Next 2Y73.27%
EPS Next 3Y45.03%
EPS Next 5Y25.67%
Revenue Next Year68.65%
Revenue Next 2Y55.2%
Revenue Next 3Y39.2%
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.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. WPM.CA Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 65.27, which means the current valuation is very expensive for WPM.
- Compared to the rest of the industry, the Price/Earnings ratio of WPM indicates a rather cheap valuation: WPM is cheaper than 87.12% of the companies listed in the same industry.
- WPM is valuated expensively when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 33.24, the valuation of WPM can be described as expensive.
- 87.48% of the companies in the same industry are more expensive than WPM, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of WPM to the average of the S&P500 Index (24.65), we can say WPM is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 65.27 | ||
| Fwd PE | 33.24 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, WPM is valued cheaply inside the industry as 89.57% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, WPM is valued cheaper than 91.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 99.44 | ||
| EV/EBITDA | 45.01 |
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.
- The excellent profitability rating of WPM may justify a higher PE ratio.
- A more expensive valuation may be justified as WPM's earnings are expected to grow with 45.03% in the coming years.
PEG (NY)0.71
PEG (5Y)3.08
EPS Next 2Y73.27%
EPS Next 3Y45.03%
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 0.41, WPM pays a better dividend. On top of this WPM pays more dividend than 96.07% 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 Rank | Sector 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 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 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 2Y73.27%
EPS Next 3Y45.03%
WPM.CA Fundamentals: All Metrics, Ratios and Statistics
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 2025-11-06/amc
Earnings (Next)03-12 2026-03-12/amc
Inst Owners72.39%
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 Rank | Sector 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)14.24%
PT rev (3m)31.13%
EPS NQ rev (1m)7.94%
EPS NQ rev (3m)12.77%
EPS NY rev (1m)3.8%
EPS NY rev (3m)4.34%
Revenue NQ rev (1m)6.9%
Revenue NQ rev (3m)11.1%
Revenue NY rev (1m)3.22%
Revenue NY rev (3m)3.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 65.27 | ||
| Fwd PE | 33.24 | ||
| P/S | 36.29 | ||
| P/FCF | 99.44 | ||
| P/OCF | 44.94 | ||
| P/B | 8.21 | ||
| P/tB | 8.21 | ||
| EV/EBITDA | 45.01 |
EPS(TTM)3.06
EY1.53%
EPS(NY)6.01
Fwd EY3.01%
FCF(TTM)2.01
FCFY1.01%
OCF(TTM)4.44
OCFY2.23%
SpS5.5
BVpS24.33
TBVpS24.33
PEG (NY)0.71
PEG (5Y)3.08
Graham Number40.93
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 123.5 |
F-Score6
WACC10.18%
ROIC/WACC0.99
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 Y92.04%
EPS Next 2Y73.27%
EPS Next 3Y45.03%
EPS Next 5Y25.67%
Revenue 1Y (TTM)50.33%
Revenue growth 3Y2.25%
Revenue growth 5Y8.32%
Sales Q2Q%54.5%
Revenue Next Year68.65%
Revenue Next 2Y55.2%
Revenue Next 3Y39.2%
Revenue Next 5Y21.62%
EBIT growth 1Y75.47%
EBIT growth 3Y6.86%
EBIT growth 5Y20.15%
EBIT Next Year144.31%
EBIT Next 3Y56.37%
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 65.27 and the Price/Book (PB) ratio is 8.21.
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 92.04% in the next year.