Is Pan American Silver (TSE:PAAS) Using Too Much Debt?
Feb 21
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Canadian (TSX) Silver Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies32
- 7D0.3%
- 3M8.1%
- 1Y90.6%
- YTDn/a
Over the last 7 days, the Silver industry has remained flat, although notably Fortuna Mining declined by 10%. As for the the longer term, the industry is up 91% over the past 12 months. Looking forward, earnings are forecast to grow by 66% annually.
Industry Valuation and Performance
Has the Canadian Silver Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | CA$26.0b | CA$7.4b | CA$208.8m | 41.8x | 124.6x | 3.5x |
| Sun, 19 Jan 2025 | CA$24.0b | CA$7.3b | -CA$28,651,086.72 | 21x | -838.2x | 3.3x |
| Tue, 17 Dec 2024 | CA$24.4b | CA$7.1b | -CA$29,664,824.15 | 20.6x | -823x | 3.4x |
| Thu, 14 Nov 2024 | CA$24.7b | CA$7.0b | -CA$39,904,730.26 | 17.9x | -618.2x | 3.5x |
| Sat, 12 Oct 2024 | CA$25.7b | CA$6.6b | -CA$202,635,539.36 | 23.8x | -126.7x | 3.9x |
| Mon, 09 Sep 2024 | CA$19.7b | CA$6.5b | -CA$201,345,700.19 | 17.4x | -97.8x | 3x |
| Wed, 07 Aug 2024 | CA$22.0b | CA$6.3b | -CA$287,304,919.30 | 15.7x | -76.7x | 3.5x |
| Fri, 05 Jul 2024 | CA$22.6b | CA$6.3b | -CA$229,140,696.87 | 17.2x | -98.7x | 3.6x |
| Sun, 02 Jun 2024 | CA$24.7b | CA$6.3b | -CA$231,234,467.53 | 19.5x | -106.9x | 3.9x |
| Tue, 30 Apr 2024 | CA$21.7b | CA$6.0b | -CA$329,717,012.37 | 27.3x | -65.7x | 3.6x |
| Thu, 28 Mar 2024 | CA$16.9b | CA$5.9b | -CA$338,365,347.92 | 20.9x | -50x | 2.9x |
| Sat, 24 Feb 2024 | CA$14.1b | CA$5.8b | -CA$489,530,705.74 | 29.7x | -28.8x | 2.4x |
| Mon, 22 Jan 2024 | CA$14.9b | CA$5.4b | -CA$885,782,686.00 | 31.4x | -16.9x | 2.8x |
| Wed, 20 Dec 2023 | CA$17.8b | CA$5.3b | -CA$881,683,992.00 | 37.4x | -20.2x | 3.3x |
| Fri, 17 Nov 2023 | CA$16.2b | CA$5.5b | -CA$889,452,960.00 | 37.3x | -18.2x | 3x |
| Sun, 15 Oct 2023 | CA$16.1b | CA$5.0b | -CA$1,010,725,317.00 | 38.3x | -16x | 3.2x |
| Tue, 12 Sep 2023 | CA$16.7b | CA$4.9b | -CA$1,006,605,800.00 | 39x | -16.6x | 3.4x |
| Thu, 10 Aug 2023 | CA$16.8b | CA$4.5b | -CA$1,261,705,364.00 | 37.1x | -13.3x | 3.7x |
| Sat, 08 Jul 2023 | CA$16.1b | CA$4.5b | -CA$1,372,607,428.00 | 56x | -11.7x | 3.6x |
| Mon, 05 Jun 2023 | CA$17.8b | CA$4.5b | -CA$1,384,045,765.00 | 65.5x | -12.9x | 3.9x |
| Wed, 03 May 2023 | CA$20.8b | CA$4.7b | -CA$1,150,924,813.00 | 77.1x | -18.1x | 4.5x |
| Fri, 31 Mar 2023 | CA$17.1b | CA$4.6b | -CA$1,139,375,285.00 | 73.7x | -15x | 3.7x |
| Sun, 26 Feb 2023 | CA$14.0b | CA$4.7b | -CA$902,183,683.00 | 22.9x | -15.5x | 3x |
| Tue, 24 Jan 2023 | CA$16.9b | CA$4.7b | -CA$646,282,291.00 | 45.3x | -26.2x | 3.6x |
| Thu, 22 Dec 2022 | CA$16.7b | CA$4.8b | -CA$654,230,624.00 | 29.8x | -25.5x | 3.5x |
| Sat, 19 Nov 2022 | CA$15.2b | CA$4.7b | -CA$642,410,919.00 | 27.7x | -23.7x | 3.2x |
| Mon, 17 Oct 2022 | CA$14.3b | CA$5.0b | -CA$507,784,352.00 | 17.3x | -28.1x | 2.8x |
| Wed, 14 Sep 2022 | CA$14.6b | CA$4.7b | -CA$502,388,948.00 | 17.4x | -29x | 3.1x |
| Fri, 12 Aug 2022 | CA$15.1b | CA$4.7b | -CA$315,705,767.00 | 17.8x | -48x | 3.2x |
| Sun, 10 Jul 2022 | CA$14.2b | CA$4.7b | CA$173.7m | 21.9x | 81.8x | 3x |
| Tue, 07 Jun 2022 | CA$17.4b | CA$4.6b | CA$165.7m | 26.9x | 104.9x | 3.8x |
| Thu, 05 May 2022 | CA$18.5b | CA$4.4b | CA$117.3m | 50.8x | 157.5x | 4.2x |
| Sat, 02 Apr 2022 | CA$21.4b | CA$4.4b | CA$111.8m | 60.8x | 191.4x | 4.9x |
| Mon, 28 Feb 2022 | CA$19.4b | CA$4.3b | CA$439.7m | 33x | 44.1x | 4.5x |
Price to Earnings Ratio
44.1x
Current Industry PE
- Investors are optimistic on the Canadian Silver industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 125x which is higher than its 3-year average PE of -111x.
- The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Silver industry have declined 22% per year over the last three years.
- Meanwhile revenues for these companies have grown 20% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Canadian Silver compare with similar industries?
| CA Market | -0.52% | |
| Materials | -0.034% | |
| Metals and Mining | -0.53% | |
| Silver | 0.30% | |
| Aluminum | 0% | 0 |
| Steel | -0.0084% | |
| Gold | -0.037% | |
| Copper | -1.25% | |
| Precious Metals and Minerals | -1.54% | |
| Diversified Metals and Mining | -1.91% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PAAS Pan American Silver | CA$36.15 | 1.6% +CA$211.4m | 112.3% | PE83.4x | |
| AYA Aya Gold & Silver | CA$12.56 | 3.9% +CA$61.5m | 31.5% | PE148x | |
| SVM Silvercorp Metals | CA$5.28 | 4.8% +CA$52.2m | 66.0% | PE11.4x | |
| AG First Majestic Silver | CA$8.18 | 1.0% +CA$24.2m | 34.8% | PS3.1x | |
| DEF Defiance Silver | CA$0.29 | 23.4% +CA$16.0m | 190.0% | PB1.9x |
