Executive Summary
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. More Details
Rewards
Risk Analysis
WPM passed our risk checks.
Snowflake Analysis
Excellent balance sheet with solid track record.
Similar Companies
Share Price & News
How has Wheaton Precious Metals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WPM is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: WPM's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
3.1%
WPM
3.3%
CA Metals and Mining
0.8%
CA Market
1 Year Return
-13.2%
WPM
17.7%
CA Metals and Mining
37.1%
CA Market
Return vs Industry: WPM underperformed the Canadian Metals and Mining industry which returned 18.5% over the past year.
Return vs Market: WPM underperformed the Canadian Market which returned 37.1% over the past year.
Shareholder returns
| WPM | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.1% | 3.3% | 0.8% |
| 30 Day | 2.2% | 6.3% | 1.4% |
| 90 Day | 2.5% | 5.9% | 7.6% |
| 1 Year | -12.2%-13.2% | 18.9%17.7% | 41.5%37.1% |
| 3 Year | 103.8%95.0% | 53.6%50.2% | 29.5%17.1% |
| 5 Year | 135.2%118.8% | 56.9%52.2% | 58.9%35.1% |
Long-Term Price Volatility Vs. Market
How volatile is Wheaton Precious Metals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Should You Be Adding Wheaton Precious Metals (TSE:WPM) To Your Watchlist Today?Valuation
Is Wheaton Precious Metals undervalued compared to its fair value and its price relative to the market?
38.51x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WPM (CA$53.15) is trading above our estimate of fair value (CA$35.4)
Significantly Below Fair Value: WPM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WPM is poor value based on its PE Ratio (38.5x) compared to the CA Metals and Mining industry average (15.9x).
PE vs Market: WPM is poor value based on its PE Ratio (38.5x) compared to the Canadian market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: WPM is poor value based on its PEG Ratio (3.2x)
Price to Book Ratio
PB vs Industry: WPM is overvalued based on its PB Ratio (3.4x) compared to the CA Metals and Mining industry average (2.9x).
Future Growth
How is Wheaton Precious Metals forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
12.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WPM's forecast earnings growth (12.1% per year) is above the savings rate (1.5%).
Earnings vs Market: WPM's earnings (12.1% per year) are forecast to grow slower than the Canadian market (18.2% per year).
High Growth Earnings: WPM's earnings are forecast to grow, but not significantly.
Revenue vs Market: WPM's revenue (9.1% per year) is forecast to grow faster than the Canadian market (7.3% per year).
High Growth Revenue: WPM's revenue (9.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WPM's Return on Equity is forecast to be low in 3 years time (10.4%).
Past Performance
How has Wheaton Precious Metals performed over the past 5 years?
39.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WPM has high quality earnings.
Growing Profit Margin: WPM's current net profit margins (46.3%) are higher than last year (10%).
Past Earnings Growth Analysis
Earnings Trend: WPM has become profitable over the past 5 years, growing earnings by 39% per year.
Accelerating Growth: WPM's earnings growth over the past year (486.7%) exceeds its 5-year average (39% per year).
Earnings vs Industry: WPM earnings growth over the past year (486.7%) exceeded the Metals and Mining industry 80.7%.
Return on Equity
High ROE: WPM's Return on Equity (8.9%) is considered low.
Financial Health
How is Wheaton Precious Metals's financial position?
Financial Position Analysis
Short Term Liabilities: WPM's short term assets ($201.8M) exceed its short term liabilities ($31.2M).
Long Term Liabilities: WPM's short term assets ($201.8M) do not cover its long term liabilities ($211.5M).
Debt to Equity History and Analysis
Debt Level: WPM's debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: WPM's debt to equity ratio has reduced from 35.3% to 3.4% over the past 5 years.
Debt Coverage: WPM's debt is well covered by operating cash flow (392.5%).
Interest Coverage: WPM's interest payments on its debt are well covered by EBIT (42.8x coverage).
Balance Sheet
Dividend
What is Wheaton Precious Metals's current dividend yield, its reliability and sustainability?
1.19%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WPM's dividend (1.19%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.51%).
High Dividend: WPM's dividend (1.19%) is low compared to the top 25% of dividend payers in the Canadian market (4.7%).
Stability and Growth of Payments
Stable Dividend: WPM's dividend payments have been volatile in the past 10 years.
Growing Dividend: WPM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.1%), WPM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WPM's dividends in 3 years are forecast to be well covered by earnings (39.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.7yrs
Average management tenure
CEO
Randy V. Smallwood (55 yo)
10.08yrs
Tenure
US$4,573,831
Compensation
Mr. Randy V. J. Smallwood, P. Eng., is a Co-Founder of Wheaton Precious Metals Corp. formerly known as Silver Wheaton Corp., and has been President since January 1, 2010 and Chief Executive Officer since A...
CEO Compensation Analysis
Compensation vs Market: Randy V.'s total compensation ($USD4.57M) is below average for companies of similar size in the Canadian market ($USD6.69M).
Compensation vs Earnings: Randy V.'s compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: WPM's management team is seasoned and experienced (9.7 years average tenure).
Board Members
Experienced Board: WPM's board of directors are seasoned and experienced ( 10.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WPM 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
Wheaton Precious Metals Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Wheaton Precious Metals Corp.
- Ticker: WPM
- Exchange: TSX
- Founded: 2004
- Industry: Gold
- Sector: Materials
- Market Cap: CA$23.418b
- Shares outstanding: 450.27m
- Website: https://www.wheatonpm.com
Number of Employees
Location
- Wheaton Precious Metals Corp.
- 1021 West Hastings Street
- Suite 3500
- Vancouver
- British Columbia
- V6E 0C3
- Canada
Listings
Biography
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 24 oper...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/06 22:12 |
| End of Day Share Price | 2021/05/06 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.