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Pan American Silver

Market Cap

CA$7.9b

Last Updated

2021/05/16 22:35 UTC

Data Sources

Company Financials +

Executive Summary

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. More Details

Rewards

Earnings grew by 692.6% over the past year

Risk Analysis

No risks detected for PAAS from our risk checks.


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has Pan American Silver's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PAAS is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PAAS's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-11.9%

PAAS

-2.0%

CA Metals and Mining

-0.7%

CA Market


1 Year Return

8.5%

PAAS

13.5%

CA Metals and Mining

39.3%

CA Market

Return vs Industry: PAAS underperformed the Canadian Metals and Mining industry which returned 13.5% over the past year.

Return vs Market: PAAS underperformed the Canadian Market which returned 39.3% over the past year.


Shareholder returns

PAASIndustryMarket
7 Day-11.9%-2.0%-0.7%
30 Day-11.5%2.0%0.7%
90 Day-11.6%4.5%6.1%
1 Year9.1%8.5%14.7%13.5%43.8%39.3%
3 Year69.7%65.2%54.9%51.4%28.5%16.3%
5 Year101.6%94.4%54.9%50.3%58.4%34.6%

Long-Term Price Volatility Vs. Market

How volatile is Pan American Silver's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pan American Silver undervalued compared to its fair value and its price relative to the market?

26.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PAAS (CA$37.46) is trading above our estimate of fair value (CA$31.83)

Significantly Below Fair Value: PAAS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PAAS is poor value based on its PE Ratio (26.4x) compared to the Canadian Metals and Mining industry average (15.2x).

PE vs Market: PAAS is poor value based on its PE Ratio (26.4x) compared to the Canadian market (15.2x).


Price to Earnings Growth Ratio

PEG Ratio: PAAS is poor value based on its PEG Ratio (253x)


Price to Book Ratio

PB vs Industry: PAAS is good value based on its PB Ratio (2.5x) compared to the CA Metals and Mining industry average (2.9x).


Future Growth

How is Pan American Silver forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

0.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAAS's forecast earnings growth (0.1% per year) is below the savings rate (1.5%).

Earnings vs Market: PAAS's earnings (0.1% per year) are forecast to grow slower than the Canadian market (13.6% per year).

High Growth Earnings: PAAS's earnings are forecast to grow, but not significantly.

Revenue vs Market: PAAS's revenue is expected to decline over the next 3 years (-2.4% per year).

High Growth Revenue: PAAS's revenue is forecast to decline over the next 3 years (-2.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PAAS's Return on Equity is forecast to be low in 3 years time (11.1%).


Past Performance

How has Pan American Silver performed over the past 5 years?

30.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PAAS has high quality earnings.

Growing Profit Margin: PAAS's current net profit margins (18.3%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: PAAS has become profitable over the past 5 years, growing earnings by 30.7% per year.

Accelerating Growth: PAAS's earnings growth over the past year (692.6%) exceeds its 5-year average (30.7% per year).

Earnings vs Industry: PAAS earnings growth over the past year (692.6%) exceeded the Metals and Mining industry 124.9%.


Return on Equity

High ROE: PAAS's Return on Equity (9.5%) is considered low.


Financial Health

How is Pan American Silver's financial position?


Financial Position Analysis

Short Term Liabilities: PAAS's short term assets ($837.9M) exceed its short term liabilities ($324.8M).

Long Term Liabilities: PAAS's short term assets ($837.9M) exceed its long term liabilities ($454.5M).


Debt to Equity History and Analysis

Debt Level: PAAS's debt to equity ratio (0.8%) is considered satisfactory.

Reducing Debt: PAAS's debt to equity ratio has reduced from 5.8% to 0.8% over the past 5 years.

Debt Coverage: PAAS's debt is well covered by operating cash flow (1818.9%).

Interest Coverage: PAAS earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Pan American Silver current dividend yield, its reliability and sustainability?

0.90%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 17 2021Ex Dividend DateMay 24 2021Dividend Pay DateJun 07 202114 days from Ex DividendBuy in the next 7 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: PAAS's dividend (0.9%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.54%).

High Dividend: PAAS's dividend (0.9%) is low compared to the top 25% of dividend payers in the Canadian market (4.53%).


Stability and Growth of Payments

Stable Dividend: PAAS's dividend payments have been volatile in the past 10 years.

Growing Dividend: PAAS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.4%), PAAS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PAAS's dividends in 3 years are forecast to be well covered by earnings (19.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Michael Steinmann (54 yo)

5.33yrs

Tenure

US$4,401,740

Compensation

Mr. Michael Steinmann, Ph.D., P.Geo., has been the President of Pan American Silver Corp. since February 18, 2015 and its Chief Executive Officer since January 1, 2016. Mr. Steinmann served as Executive Vi...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD4.40M) is about average for companies of similar size in the Canadian market ($USD3.84M).

Compensation vs Earnings: Michael's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: PAAS's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: PAAS's board of directors are considered experienced (7.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pan American Silver Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pan American Silver Corp.
  • Ticker: PAAS
  • Exchange: TSX
  • Founded: 1979
  • Industry: Silver
  • Sector: Materials
  • Market Cap: CA$7.877b
  • Shares outstanding: 210.28m
  • Website: https://www.panamericansilver.com

Number of Employees


Location

  • Pan American Silver Corp.
  • 625 Howe Street
  • Suite 1440
  • Vancouver
  • British Columbia
  • V6C 2T6
  • Canada

Listings


Biography

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/16 22:35
End of Day Share Price2021/05/14 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.