Executive Summary
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines in Canada, Mexico, Peru, Argentina, and Bolivia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with moderate growth potential.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-8.2%
PAAS
-6.3%
CA Metals and Mining
-4.5%
CA Market
1 Year Return
80.6%
PAAS
40.3%
CA Metals and Mining
-8.8%
CA Market
Return vs Industry: PAAS exceeded the Canadian Metals and Mining industry which returned 40.3% over the past year.
Return vs Market: PAAS exceeded the Canadian Market which returned -8.8% over the past year.
Shareholder returns
| PAAS | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.2% | -6.3% | -4.5% |
| 30 Day | -6.8% | -6.4% | -3.8% |
| 90 Day | -19.3% | -10.3% | -3.3% |
| 1 Year | 82.0%80.6% | 41.4%40.3% | -5.5%-8.8% |
| 3 Year | 97.7%92.5% | 45.6%42.7% | 0.5%-9.2% |
| 5 Year | 349.6%331.2% | 138.3%131.2% | 28.7%8.9% |
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
7 months ago | Simply Wall St
Are You An Income Investor? Don't Miss Out On Pan American Silver Corp. (TSE:PAAS)8 months ago | Simply Wall St
How Many Pan American Silver Corp. (TSE:PAAS) Shares Do Institutions Own?8 months ago | Simply Wall St
Is Pan American Silver Corp. (TSE:PAAS) Overpaying Its CEO?Valuation
Is Pan American Silver undervalued compared to its fair value and its price relative to the market?
193.94x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PAAS (CA$40.4) is trading above our estimate of fair value (CA$38.85)
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 (193.9x) compared to the CA Metals and Mining industry average (19.5x).
PE vs Market: PAAS is poor value based on its PE Ratio (193.9x) compared to the Canadian market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: PAAS is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: PAAS's PB Ratio (2.7x) is in line with the CA Metals and Mining industry average.
Next Steps
Future Growth
How is Pan American Silver forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
72.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PAAS's forecast earnings growth (72.8% per year) is above the savings rate (1.7%).
Earnings vs Market: PAAS's earnings (72.8% per year) are forecast to grow faster than the Canadian market (22.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PAAS's revenue (2.8% per year) is forecast to grow slower than the Canadian market (5.8% per year).
High Growth Revenue: PAAS's revenue (2.8% per year) is forecast to grow slower than 20% 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 (15.3%).
Next Steps
Past Performance
How has Pan American Silver performed over the past 5 years?
58.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PAAS has a large one-off loss of $58.9M impacting its June 30 2020 financial results.
Growing Profit Margin: PAAS became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PAAS has become profitable over the past 5 years, growing earnings by 58.5% per year.
Accelerating Growth: PAAS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PAAS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (48.1%).
Return on Equity
High ROE: PAAS's Return on Equity (1.3%) is considered low.
Next Steps
Financial Health
How is Pan American Silver's financial position?
Financial Position Analysis
Short Term Liabilities: PAAS's short term assets ($702.8M) exceed its short term liabilities ($231.3M).
Long Term Liabilities: PAAS's short term assets ($702.8M) exceed its long term liabilities ($670.8M).
Debt to Equity History and Analysis
Debt Level: PAAS's debt to equity ratio (9.2%) is considered satisfactory.
Reducing Debt: PAAS's debt to equity ratio has increased from 5.3% to 9.2% over the past 5 years.
Debt Coverage: PAAS's debt is well covered by operating cash flow (175.8%).
Interest Coverage: PAAS earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is Pan American Silver current dividend yield, its reliability and sustainability?
0.66%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PAAS's dividend (0.66%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.72%).
High Dividend: PAAS's dividend (0.66%) is low compared to the top 25% of dividend payers in the Canadian market (6.1%).
Stability and Growth of Payments
Stable Dividend: PAAS is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: PAAS is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: PAAS is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PAAS's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
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)
4.75yrs
Tenure
US$4,568,000
Compensation
Mr. Michael Steinmann, Ph.D., P.Geo., has been the President of Pan American Silver Corp. since February 18, 2015 and has been its Chief Executive Officer since January 1, 2016. Mr. Steinmann served as Exe ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD2.65M) is below average for companies of similar size in the Canadian market ($USD4.32M).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.75yrs | US$4.57m | 0.044% $ 4.0m | |
| Chief Financial Officer | 16.75yrs | US$1.63m | 0.027% $ 2.5m | |
| Chief Operating Officer | 12.42yrs | US$2.11m | 0.041% $ 3.7m | |
| Senior Vice President of Mining Operations | no data | US$1.75m | 0.032% $ 3.0m | |
| Senior VP & MD of Guatemala | 1.58yrs | US$1.76m | 0.0016% $ 146.9k | |
| Vice President of Accounting & Operations | 5.17yrs | no data | 0.015% $ 1.4m | |
| Senior Vice President of Technical Services & Process Optimization | 4.17yrs | no data | 0.012% $ 1.1m | |
| Vice President of Investor Relations & Corporate Communications | no data | no data | 0.0024% $ 223.5k | |
| General Counsel | 3.17yrs | no data | 0.0055% $ 508.9k | |
| Vice President of Human Resources Operations | 0.75yr | no data | no data | |
| Senior Vice President of Project Development | 8.75yrs | no data | 0.0095% $ 879.3k | |
| Vice President of Business Development & Geology | 5.17yrs | no data | 0.0061% $ 564.3k |
5.0yrs
Average Tenure
59yo
Average Age
Experienced Management: PAAS's management team is considered experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.75yrs | US$4.57m | 0.044% $ 4.0m | |
| Independent Director | 1.58yrs | US$142.00k | 0.0060% $ 558.8k | |
| Lead Independent Director | 8.75yrs | US$178.00k | 0.014% $ 1.3m | |
| Independent Director | 9.75yrs | US$182.50k | 0.019% $ 1.8m | |
| Independent Director | 8.25yrs | US$168.50k | 0.014% $ 1.3m | |
| Independent Chairman | no data | US$275.00k | 1.42% $ 131.4m | |
| Independent Director | 4.42yrs | US$178.00k | 0.0083% $ 770.3k |
6.5yrs
Average Tenure
67yo
Average Age
Experienced Board: PAAS's board of directors are considered experienced (6.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PAAS insiders have only sold shares 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: 1994
- Industry: Silver
- Sector: Materials
- Market Cap: CA$9.236b
- Shares outstanding: 210.16m
- Website: https://www.panamericansilver.com
Number of Employees
Location
- Pan American Silver Corp.
- 625 Howe Street
- Suite 1500
- Vancouver
- British Columbia
- V6C 2T6
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PAAS | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Sep 1982 |
| PAAS | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Sep 1982 |
| PA2 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Sep 1982 |
| 0R07 | LSE (London Stock Exchange) | Yes | Common Shares | GB | CAD | Sep 1982 |
| PAA | SWX (SIX Swiss Exchange) | Yes | Common Shares | CH | CHF | Sep 1982 |
| PAAS N | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Sep 1982 |
Biography
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines in Canada, Mexico, Peru, Argentina, and ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/29 00:22 |
| End of Day Share Price | 2020/10/28 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.