WHEATON PRECIOUS METALS CORP (WPM)
CA9628791027 - Common Stock
Taking everything into account, WPM scores 6 out of 10 in our fundamental rating. WPM was compared to 155 industry peers in the Metals & Mining industry. While WPM has a great profitability rating, there are some minor concerns on its financial health. WPM is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
WPM had positive earnings in the past year.
In the past year WPM had a positive cash flow from operations.
Each year in the past 5 years WPM has been profitable.
In the past 5 years WPM always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 8.25%, WPM belongs to the top of the industry, outperforming 83.78% of the companies in the same industry.
WPM's Return On Equity of 8.39% is fine compared to the rest of the industry. WPM outperforms 73.65% of its industry peers.
With a decent Return On Invested Capital value of 7.11%, WPM is doing good in the industry, outperforming 77.70% of the companies in the same industry.
WPM had an Average Return On Invested Capital over the past 3 years of 6.38%. This is below the industry average of 8.76%.
The 3 year average ROIC (6.38%) for WPM is below the current ROIC(7.11%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.25% | ||
| ROE | 8.39% | ||
| ROIC | 7.11% |
ROA(3y)9.84%
ROA(5y)7.89%
ROE(3y)9.91%
ROE(5y)8.05%
ROIC(3y)6.38%
ROIC(5y)5.96%
1.3 Margins
WPM has a better Profit Margin (50.05%) than 98.65% of its industry peers.
WPM's Profit Margin has been stable in the last couple of years.
With an excellent Operating Margin value of 54.40%, WPM belongs to the best of the industry, outperforming 97.30% of the companies in the same industry.
WPM's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 60.15%, WPM belongs to the top of the industry, outperforming 93.92% 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 | 54.4% | ||
| PM (TTM) | 50.05% | ||
| GM | 60.15% |
OM growth 3Y1.59%
OM growth 5Y10.08%
PM growth 3Y4.53%
PM growth 5Y-0.33%
GM growth 3Y1.85%
GM growth 5Y8.66%
2. Health
2.1 Basic Checks
WPM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
The debt/assets ratio for WPM is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 125.38 indicates that WPM is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 125.38, WPM belongs to the best of the industry, outperforming 97.30% of the companies in the same industry.
A Debt/Equity ratio of 0.00 indicates that WPM is not too dependend on debt financing.
WPM has a better Debt to Equity ratio (0.00) than 83.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 125.38 |
ROIC/WACC0.71
WACC9.98%
2.3 Liquidity
A Current Ratio of 25.71 indicates that WPM has no problem at all paying its short term obligations.
The Current ratio of WPM (25.71) is better than 95.95% of its industry peers.
WPM has a Quick Ratio of 25.71. This indicates that WPM is financially healthy and has no problem in meeting its short term obligations.
WPM has a Quick ratio of 25.71. This is amongst the best in the industry. WPM outperforms 95.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 25.71 | ||
| Quick Ratio | 25.71 |
3. Growth
3.1 Past
WPM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.40%, which is quite impressive.
WPM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.63% yearly.
Looking at the last year, WPM shows a very strong growth in Revenue. The Revenue has grown by 29.72%.
WPM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.06% yearly.
EPS 1Y (TTM)33.4%
EPS 3Y2.22%
EPS 5Y19.63%
EPS Q2Q%25.75%
Revenue 1Y (TTM)29.72%
Revenue growth 3Y-2.5%
Revenue growth 5Y5.06%
Sales Q2Q%38.15%
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 8.24% on average per year.
WPM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.70% yearly.
EPS Next Y22.33%
EPS Next 2Y22.8%
EPS Next 3Y15.8%
EPS Next 5Y8.24%
Revenue Next Year26.38%
Revenue Next 2Y24.19%
Revenue Next 3Y16.54%
Revenue Next 5Y11.7%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 41.40, WPM can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of WPM is on the same level as its industry peers.
WPM's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.41.
With a Price/Forward Earnings ratio of 32.45, WPM can be considered very expensive at the moment.
WPM's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of WPM to the average of the S&P500 Index (23.69), we can say WPM is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.4 | ||
| Fwd PE | 32.45 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WPM is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 27.92 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
WPM has an outstanding profitability rating, which may justify a higher PE ratio.
WPM's earnings are expected to grow with 15.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.85
PEG (5Y)2.11
EPS Next 2Y22.8%
EPS Next 3Y15.8%
5. Dividend
5.1 Amount
With a yearly dividend of 0.98%, WPM is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.21, WPM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, WPM's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.98% |
5.2 History
On average, the dividend of WPM grows each year by 14.34%, 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)14.34%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
WPM pays out 45.31% of its income as dividend. This is a bit on the high side, but may be sustainable.
WPM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP45.31%
EPS Next 2Y22.8%
EPS Next 3Y15.8%
WHEATON PRECIOUS METALS CORP
NYSE:WPM (1/3/2025, 8:10:45 PM)
After market: 57.75 +0.21 (+0.36%)57.54
-0.53 (-0.91%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners69.71%
Inst Owner Change4.32%
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap26.10B
Analysts82.35
Price Target74.5 (29.48%)
Short Float %0.73%
Short Ratio1.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.98% |
Dividend Growth(5Y)14.34%
DP45.31%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.92%
Min EPS beat(2)-1.83%
Max EPS beat(2)7.68%
EPS beat(4)3
Avg EPS beat(4)8.94%
Min EPS beat(4)-1.83%
Max EPS beat(4)20.35%
EPS beat(8)5
Avg EPS beat(8)4.36%
EPS beat(12)7
Avg EPS beat(12)2.23%
EPS beat(16)7
Avg EPS beat(16)0.27%
Revenue beat(2)0
Avg Revenue beat(2)-3.66%
Min Revenue beat(2)-4.47%
Max Revenue beat(2)-2.85%
Revenue beat(4)2
Avg Revenue beat(4)0.32%
Min Revenue beat(4)-4.47%
Max Revenue beat(4)4.69%
Revenue beat(8)3
Avg Revenue beat(8)-2.48%
Revenue beat(12)5
Avg Revenue beat(12)-2.28%
Revenue beat(16)5
Avg Revenue beat(16)-3.46%
PT rev (1m)0.15%
PT rev (3m)9.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)18.44%
EPS NY rev (1m)0%
EPS NY rev (3m)0.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)13.11%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.4 | ||
| Fwd PE | 32.45 | ||
| P/S | 21.44 | ||
| P/FCF | N/A | ||
| P/OCF | 27.47 | ||
| P/B | 3.6 | ||
| P/tB | 3.6 | ||
| EV/EBITDA | 27.92 |
EPS(TTM)1.39
EY2.42%
EPS(NY)1.77
Fwd EY3.08%
FCF(TTM)-0.03
FCFYN/A
OCF(TTM)2.09
OCFY3.64%
SpS2.68
BVpS16
TBVpS16
PEG (NY)1.85
PEG (5Y)2.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.25% | ||
| ROE | 8.39% | ||
| ROCE | 9% | ||
| ROIC | 7.11% | ||
| ROICexc | 7.85% | ||
| ROICexgc | 7.85% | ||
| OM | 54.4% | ||
| PM (TTM) | 50.05% | ||
| GM | 60.15% | ||
| FCFM | N/A |
ROA(3y)9.84%
ROA(5y)7.89%
ROE(3y)9.91%
ROE(5y)8.05%
ROIC(3y)6.38%
ROIC(5y)5.96%
ROICexc(3y)6.86%
ROICexc(5y)6.3%
ROICexgc(3y)6.86%
ROICexgc(5y)6.3%
ROCE(3y)8.08%
ROCE(5y)7.54%
ROICexcg growth 3Y-4.8%
ROICexcg growth 5Y15.31%
ROICexc growth 3Y-4.8%
ROICexc growth 5Y15.31%
OM growth 3Y1.59%
OM growth 5Y10.08%
PM growth 3Y4.53%
PM growth 5Y-0.33%
GM growth 3Y1.85%
GM growth 5Y8.66%
F-Score7
Asset Turnover0.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.01 | ||
| Cap/Depr | 389.09% | ||
| Cap/Sales | 79.25% | ||
| Interest Coverage | 2253.14 | ||
| Cash Conversion | 104.38% | ||
| Profit Quality | N/A | ||
| Current Ratio | 25.71 | ||
| Quick Ratio | 25.71 | ||
| Altman-Z | 125.38 |
F-Score7
WACC9.98%
ROIC/WACC0.71
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)79.76%
Profit Quality(5y)194.52%
High Growth Momentum
Growth
EPS 1Y (TTM)33.4%
EPS 3Y2.22%
EPS 5Y19.63%
EPS Q2Q%25.75%
EPS Next Y22.33%
EPS Next 2Y22.8%
EPS Next 3Y15.8%
EPS Next 5Y8.24%
Revenue 1Y (TTM)29.72%
Revenue growth 3Y-2.5%
Revenue growth 5Y5.06%
Sales Q2Q%38.15%
Revenue Next Year26.38%
Revenue Next 2Y24.19%
Revenue Next 3Y16.54%
Revenue Next 5Y11.7%
EBIT growth 1Y48.04%
EBIT growth 3Y-0.95%
EBIT growth 5Y15.64%
EBIT Next Year95.89%
EBIT Next 3Y35.88%
EBIT Next 5Y24.03%
FCF growth 1Y-104.12%
FCF growth 3Y-51.51%
FCF growth 5Y-28.81%
OCF growth 1Y23.95%
OCF growth 3Y-0.64%
OCF growth 5Y9.48%