WHEATON PRECIOUS METALS CORP (WPM) Fundamental Analysis & Valuation

NYSE:WPM • CA9628791027

145.73 USD
-2.94 (-1.98%)
At close: Mar 12, 2026
144.1 USD
-1.63 (-1.12%)
Pre-Market: 3/13/2026, 4:25:40 AM
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

7

Overall WPM gets a fundamental rating of 7 out of 10. We evaluated WPM against 157 industry peers in the Metals & Mining industry. WPM gets an excellent profitability rating and is at the same time showing great financial health properties. WPM is valied quite expensively at the moment, while it does show a decent growth rate. These ratings would make WPM suitable for quality investing!


Dividend Valuation Growth Profitability Health

8

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.
  • Of the past 5 years WPM 4 years were profitable.
  • Of the past 5 years WPM 4 years had a positive operating cash flow.
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

  • With an excellent Return On Assets value of 11.90%, WPM belongs to the best of the industry, outperforming 87.26% of the companies in the same industry.
  • WPM's Return On Equity of 12.38% is fine compared to the rest of the industry. WPM outperforms 78.98% of its industry peers.
  • WPM has a better Return On Invested Capital (12.78%) than 84.08% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for WPM is below the industry average of 11.54%.
  • 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

  • The Profit Margin of WPM (54.72%) is better than 97.45% of its industry peers.
  • In the last couple of years the Profit Margin of WPM has grown nicely.
  • With an excellent Operating Margin value of 63.50%, WPM belongs to the best of the industry, outperforming 97.45% of the companies in the same industry.
  • 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

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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.
  • There is no outstanding debt for WPM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
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

  • An Altman-Z score of 123.02 indicates that WPM is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 123.02, WPM belongs to the best of the industry, outperforming 94.27% of the companies in the same industry.
  • 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 better Debt to FCF ratio (0.01) than 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.
  • WPM's Debt to Equity ratio of 0.00 is amongst the best of the industry. WPM outperforms 80.25% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.01
Altman-Z 123.02
ROIC/WACC1.26
WACC10.18%
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.
  • WPM has a better Current ratio (8.09) than 86.62% of its industry peers.
  • A Quick Ratio of 8.09 indicates that WPM has no problem at all paying its short term obligations.
  • WPM has a better Quick ratio (8.09) than 86.62% 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

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

5

3. WPM Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 105.93% over the past year.
  • WPM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.35% yearly.
EPS 1Y (TTM)105.93%
EPS 3Y39.3%
EPS 5Y22.35%
EPS Q2Q%177.9%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%127.25%

3.2 Future

  • WPM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.08% yearly.
  • The Revenue is expected to grow by 12.08% 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 Year42.82%
Revenue Next 2Y26.47%
Revenue Next 3Y10.12%
Revenue Next 5Y12.08%

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.
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

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Find the best growth stocksShow best growing peers

3

4. WPM Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 48.25, the valuation of WPM can be described as expensive.
  • WPM's Price/Earnings is on the same level as the industry average.
  • WPM's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.71.
  • WPM is valuated quite expensively with a Price/Forward Earnings ratio of 33.11.
  • WPM's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.82, WPM is valued a bit more expensive.
Industry RankSector Rank
PE 48.25
Fwd PE 33.11
WPM Price Earnings VS Forward Price EarningsWPM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • WPM's Enterprise Value to EBITDA is on the same level as the industry average.
  • WPM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. WPM is cheaper than 64.97% of the companies in the same industry.
Industry RankSector Rank
P/FCF 99.05
EV/EBITDA 44.83
WPM Per share dataWPM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • WPM's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of WPM may justify a higher PE ratio.
PEG (NY)1.05
PEG (5Y)2.16
EPS Next 2Y21.71%
EPS Next 3Y6.16%

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

4

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 1.06.
  • 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 been paying a dividend for at least 10 years, so it has a reliable track record.
  • WPM has decreased its dividend 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

  • WPM pays out 29.16% of its income as dividend. This is a sustainable payout ratio.
  • WPM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP29.16%
EPS Next 2Y21.71%
EPS Next 3Y6.16%
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

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Find the best dividend stocksShow peers with best dividend

WPM Fundamentals: All Metrics, Ratios and Statistics

WHEATON PRECIOUS METALS CORP

NYSE:WPM (3/12/2026, 8:16:29 PM)

Premarket: 144.1 -1.63 (-1.12%)

145.73

-2.94 (-1.98%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-12
Earnings (Next)05-07
Inst Owners72.39%
Inst Owner Change-0.35%
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap66.16B
Revenue(TTM)N/A
Net Income(TTM)1.00B
Analysts83.75
Price Target172.46 (18.34%)
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)13.9%
PT rev (3m)33.58%
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 RankSector Rank
PE 48.25
Fwd PE 33.11
P/S 36.15
P/FCF 99.05
P/OCF 44.76
P/B 8.18
P/tB 8.18
EV/EBITDA 44.83
EPS(TTM)3.02
EY2.07%
EPS(NY)4.4
Fwd EY3.02%
FCF(TTM)1.47
FCFY1.01%
OCF(TTM)3.26
OCFY2.23%
SpS4.03
BVpS17.82
TBVpS17.82
PEG (NY)1.05
PEG (5Y)2.16
Graham Number34.8
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 123.02
F-Score6
WACC10.18%
ROIC/WACC1.26
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)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)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%127.25%
Revenue Next Year42.82%
Revenue Next 2Y26.47%
Revenue Next 3Y10.12%
Revenue Next 5Y12.08%
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 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 5 / 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 48.25 and the Price/Book (PB) ratio is 8.18.


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 45.78% in the next year.