TSX:PAAS

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Pan American Silver

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


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

PAASIndustryMarket
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 Year82.0%80.6%41.4%40.3%-5.5%-8.8%
3 Year97.7%92.5%45.6%42.7%0.5%-9.2%
5 Year349.6%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

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


Next Steps

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

NamePositionTenureCompensationOwnership
Michael Steinmann
President4.75yrsUS$4.57m0.044%
$ 4.0m
A. Doyle
Chief Financial Officer16.75yrsUS$1.63m0.027%
$ 2.5m
Steven Busby
Chief Operating Officer12.42yrsUS$2.11m0.041%
$ 3.7m
Andres Dasso
Senior Vice President of Mining Operationsno dataUS$1.75m0.032%
$ 3.0m
Sean McAleer
Senior VP & MD of Guatemala1.58yrsUS$1.76m0.0016%
$ 146.9k
Wayne Vincent
Vice President of Accounting & Operations5.17yrsno data0.015%
$ 1.4m
Martin Wafforn
Senior Vice President of Technical Services & Process Optimization4.17yrsno data0.012%
$ 1.1m
Siren Fisekci
Vice President of Investor Relations & Corporate Communicationsno datano data0.0024%
$ 223.5k
Christopher Lemon
General Counsel3.17yrsno data0.0055%
$ 508.9k
Mireya Castaneda
Vice President of Human Resources Operations0.75yrno datano data
George Greer
Senior Vice President of Project Development8.75yrsno data0.0095%
$ 879.3k
Christopher Emerson
Vice President of Business Development & Geology5.17yrsno data0.0061%
$ 564.3k

5.0yrs

Average Tenure

59yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Michael Steinmann
President4.75yrsUS$4.57m0.044%
$ 4.0m
Charles Jeannes
Independent Director1.58yrsUS$142.00k0.0060%
$ 558.8k
Walter Segsworth
Lead Independent Director8.75yrsUS$178.00k0.014%
$ 1.3m
Michael Carroll
Independent Director9.75yrsUS$182.50k0.019%
$ 1.8m
Neil de Gelder
Independent Director8.25yrsUS$168.50k0.014%
$ 1.3m
Ross Beaty
Independent Chairmanno dataUS$275.00k1.42%
$ 131.4m
Gillian Winckler
Independent Director4.42yrsUS$178.00k0.0083%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PAASNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDSep 1982
PAASTSX (The Toronto Stock Exchange)YesCommon SharesCACADSep 1982
PA2DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1982
0R07LSE (London Stock Exchange)YesCommon SharesGBCADSep 1982
PAASWX (SIX Swiss Exchange)YesCommon SharesCHCHFSep 1982
PAAS NBMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 00:22
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.