WHEATON PRECIOUS METALS CORP (WPM) Fundamental Analysis & Valuation

NYSE:WPM • CA9628791027

153.95 USD
+2.61 (+1.72%)
At close: Mar 4, 2026
155.533 USD
+1.58 (+1.03%)
After Hours: 3/4/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This WPM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

8

Taking everything into account, WPM scores 8 out of 10 in our fundamental rating. WPM was compared to 157 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 is growing strongly while it is still valued neutral. This is a good combination! This makes WPM very considerable for growth and quality investing!


Dividend Valuation Growth Profitability Health

9

1. WPM 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.
  • Each year in the past 5 years WPM has been profitable.
  • WPM had a positive operating cash flow in each of the past 5 years.
WPM Yearly Net Income VS EBIT VS OCF VS FCFWPM 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

  • WPM has a Return On Assets of 11.90%. This is amongst the best in the industry. WPM outperforms 87.90% of its industry peers.
  • WPM's Return On Equity of 12.38% is fine compared to the rest of the industry. WPM outperforms 79.62% of its industry peers.
  • WPM's Return On Invested Capital of 12.78% is amongst the best of the industry. WPM outperforms 84.71% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for WPM is below the industry average of 11.01%.
  • The last Return On Invested Capital (12.78%) for WPM is above the 3 year average (7.44%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 11.9%
ROE 12.38%
ROIC 12.78%
ROA(3y)8.22%
ROA(5y)9.04%
ROE(3y)8.32%
ROE(5y)9.18%
ROIC(3y)7.44%
ROIC(5y)7.8%
WPM Yearly ROA, ROE, ROICWPM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • WPM has a better Profit Margin (54.72%) than 97.45% of its industry peers.
  • WPM's Profit Margin has improved in the last couple of years.
  • The Operating Margin of WPM (63.50%) is better than 97.45% 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 68.59%, WPM belongs to the best of the industry, outperforming 94.90% of the companies in the same industry.
  • WPM's Gross Margin has improved in the last couple of years.
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 Yearly Profit, Operating, Gross MarginsWPM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. WPM Health Analysis

2.1 Basic Checks

  • WPM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, WPM has about the same amount of shares outstanding.
  • Compared to 5 years ago, WPM has more shares outstanding
  • WPM has a better debt/assets ratio than last year.
WPM Yearly Shares OutstandingWPM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
WPM Yearly Total Debt VS Total AssetsWPM 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 127.70. This indicates that WPM is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of WPM (127.70) is better than 94.27% 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 97.45% 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.
  • With an excellent Debt to Equity ratio value of 0.00, WPM belongs to the best of the industry, outperforming 80.25% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.01
Altman-Z 127.7
ROIC/WACC1.27
WACC10.04%
WPM Yearly LT Debt VS Equity VS FCFWPM 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

  • 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.
  • With an excellent Current ratio value of 8.09, WPM belongs to the best of the industry, outperforming 85.99% of the companies in the same industry.
  • 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 85.99% of its industry peers.
Industry RankSector Rank
Current Ratio 8.09
Quick Ratio 8.09
WPM Yearly Current Assets VS Current LiabilitesWPM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

More info and screens

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

9

3. WPM 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.
  • 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 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
  • The Revenue is expected to grow by 21.62% on average over the next years. This is a very strong growth
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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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 Yearly Revenue VS EstimatesWPM 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 Yearly EPS VS EstimatesWPM 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

More info and screens

Find the best growth stocksShow best growing peers

4

4. WPM Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 68.73 indicates a quite expensive valuation of WPM.
  • The rest of the industry has a similar Price/Earnings ratio as WPM.
  • WPM's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.03.
  • A Price/Forward Earnings ratio of 44.98 indicates a quite expensive valuation of WPM.
  • WPM's Price/Forward Earnings is on the same level as the industry average.
  • WPM's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.11.
Industry RankSector Rank
PE 68.73
Fwd PE 44.98
WPM Price Earnings VS Forward Price EarningsWPM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • WPM's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, WPM is valued a bit cheaper than 64.97% of the companies in the same industry.
Industry RankSector Rank
P/FCF 104.63
EV/EBITDA 46.59
WPM Per share dataWPM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

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.
  • A more expensive valuation may be justified as WPM's earnings are expected to grow with 36.82% in the coming years.
PEG (NY)0.81
PEG (5Y)3.24
EPS Next 2Y52.79%
EPS Next 3Y36.82%

More info and screens

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

5

5. WPM Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.46%, WPM is not a good candidate for dividend investing.
  • WPM's Dividend Yield is a higher than the industry average which is at 1.01.
  • With a Dividend Yield of 0.46, WPM pays less dividend than the S&P500 average, which is at 1.82.
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 been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of WPM decreased recently.
Dividend Growth(5Y)16.13%
Div Incr Years1
Div Non Decr Years1
WPM Yearly Dividends per shareWPM 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

  • 29.16% of the earnings are spent on dividend by WPM. This is a low number and sustainable payout ratio.
  • WPM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP29.16%
EPS Next 2Y52.79%
EPS Next 3Y36.82%
WPM Yearly Income VS Free CF VS DividendWPM 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 Dividend Payout.WPM Dividend Payout, showing the Payout Ratio.WPM Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

WPM Fundamentals: All Metrics, Ratios and Statistics

WHEATON PRECIOUS METALS CORP

NYSE:WPM (3/4/2026, 8:04:00 PM)

After market: 155.533 +1.58 (+1.03%)

153.95

+2.61 (+1.72%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-06
Earnings (Next)03-12
Inst Owners73.32%
Inst Owner Change-0.19%
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap69.90B
Revenue(TTM)1.83B
Net Income(TTM)1.00B
Analysts83.75
Price Target172.46 (12.02%)
Short Float %0.75%
Short Ratio1.48
Dividend
Industry RankSector Rank
Dividend Yield 0.46%
Yearly Dividend0.62
Dividend Growth(5Y)16.13%
DP29.16%
Div Incr Years1
Div Non Decr Years1
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)26.55%
PT rev (3m)34.09%
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 68.73
Fwd PE 44.98
P/S 38.19
P/FCF 104.63
P/OCF 47.29
P/B 8.64
P/tB 8.64
EV/EBITDA 46.59
EPS(TTM)2.24
EY1.46%
EPS(NY)3.42
Fwd EY2.22%
FCF(TTM)1.47
FCFY0.96%
OCF(TTM)3.26
OCFY2.11%
SpS4.03
BVpS17.82
TBVpS17.82
PEG (NY)0.81
PEG (5Y)3.24
Graham Number29.97
Profitability
Industry RankSector Rank
ROA 11.9%
ROE 12.38%
ROCE 14.05%
ROIC 12.78%
ROICexc 14.86%
ROICexgc 14.86%
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)7.44%
ROIC(5y)7.8%
ROICexc(3y)8.26%
ROICexc(5y)8.41%
ROICexgc(3y)8.26%
ROICexgc(5y)8.41%
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 127.7
F-Score6
WACC10.04%
ROIC/WACC1.27
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 FAQ

What is the fundamental rating for WPM stock?

ChartMill assigns a fundamental rating of 8 / 10 to WPM.


Can you provide the valuation status for WHEATON PRECIOUS METALS CORP?

ChartMill assigns a valuation rating of 4 / 10 to WHEATON PRECIOUS METALS CORP (WPM). This can be considered as Fairly Valued.


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

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


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

The Price/Earnings (PE) ratio for WHEATON PRECIOUS METALS CORP (WPM) is 68.73 and the Price/Book (PB) ratio is 8.64.


Can you provide the expected EPS growth for WPM stock?

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