Executive Summary
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally.
Snowflake
Fundamentals
Adequate balance sheet with concerning outlook.
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
Market Performance
7 Day Return
2.1%
WPM
-0.3%
CA Metals and Mining
-0.3%
CA Market
1 Year Return
55.2%
WPM
19.1%
CA Metals and Mining
4.8%
CA Market
Return vs Industry: WPM exceeded the Canadian Metals and Mining industry which returned 19.1% over the past year.
Return vs Market: WPM exceeded the Canadian Market which returned 4.8% over the past year.
Shareholder returns
| WPM | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | -0.3% | -0.3% |
| 30 Day | -7.7% | -9.3% | -3.3% |
| 90 Day | -3.6% | -6.0% | -1.6% |
| 1 Year | 58.0%55.2% | 20.1%19.1% | 8.5%4.8% |
| 3 Year | 12.9%7.4% | -9.4%-11.0% | 14.8%4.5% |
| 5 Year | 72.0%59.9% | 20.0%15.9% | 26.6%8.1% |
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
Estimating The Fair Value Of Wheaton Precious Metals Corp. (TSE:WPM)1 month ago | Simply Wall St
Have Wheaton Precious Metals Corp. (TSE:WPM) Insiders Been Selling Their Stock?2 months ago | Simply Wall St
Is Wheaton Precious Metals (TSE:WPM) A Risky Investment?Valuation
Is Wheaton Precious Metals undervalued compared to its fair value and its price relative to the market?
2.29x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: WPM (CA$34.4) is trading above our estimate of fair value (CA$32.79)
Significantly Below Fair Value: WPM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WPM is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: WPM is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WPM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WPM is overvalued based on its PB Ratio (2.3x) compared to the CA Metals and Mining industry average (1.3x).
Next Steps
Future Growth
How is Wheaton Precious Metals forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
83.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WPM is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: WPM is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: WPM is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: WPM's revenue (9.4% per year) is forecast to grow faster than the Canadian market (5.6% per year).
High Growth Revenue: WPM's revenue (9.4% 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 (8%).
Next Steps
Past Performance
How has Wheaton Precious Metals performed over the past 5 years?
12.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: WPM is unprofitable, but has reduced losses over the past 5 years at a rate of 12.6% per year.
Accelerating Growth: Unable to compare WPM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: WPM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-11.9%).
Return on Equity
High ROE: WPM has a negative Return on Equity (-0.52%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: WPM is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: WPM is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Wheaton Precious Metals's financial position?
Financial Position Analysis
Short Term Liabilities: WPM's short term assets ($91.3M) exceeds its short term liabilities ($25.0M)
Long Term Liabilities: WPM's short term assets (91.3M) do not cover its long term liabilities (1.1B)
Debt to Equity History and Analysis
Debt Level: WPM's debt to equity ratio (21.4%) is considered satisfactory
Reducing Debt: WPM's debt to equity ratio has reduced from 28.5% to 21.4% over the past 5 years.
Debt Coverage: WPM's debt is well covered by operating cash flow (40.6%).
Interest Coverage: WPM is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Inventory Level: WPM has a high level of physical assets or inventory.
Debt Coverage by Assets: WPM's debt is not covered by short term assets (assets are 0.1x debt).
Next Steps
Dividend
What is Wheaton Precious Metals's current dividend yield, its reliability and sustainability?
1.37%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: WPM's dividend (1.37%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.04%).
High Dividend: WPM's dividend (1.37%) is low compared to the top 25% of dividend payers in the Canadian market (5.96%).
Stable Dividend: WPM has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: WPM's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: WPM is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: WPM's dividends in 3 years are forecast to be well covered by earnings (49.9% payout ratio).
Next Steps
Management
What is the CEO of Wheaton Precious Metals's salary, the management and board of directors tenure and is there insider trading?
8.1yrs
Average management tenure
CEO
Randy V. Smallwood (54yo)
8.5yrs
Tenure
US$4,389,410
Compensation
Mr. Randy V. J. Smallwood, P. Eng., serves as Director at Defiance Silver Corporation since December 31, 2018. He is a Co-Founder of Wheaton Precious Metals Corp. formerly known as Silver Wheaton Corp., an ...
CEO Compensation Analysis
Compensation vs. Market: Randy V.'s total compensation ($USD4.39M) is about average for companies of similar size in the Canadian market ($USD7.07M).
Compensation vs Earnings: Randy V.'s compensation has increased whilst the company is unprofitable.
Management Age and Tenure
8.1yrs
Average Tenure
52yo
Average Age
Experienced Management: WPM's management team is seasoned and experienced (8.1 years average tenure).
Board Age and Tenure
9.9yrs
Average Tenure
61yo
Average Age
Experienced Board: WPM's board of directors are considered experienced (9.9 years average tenure).
Insider Trading
Insider Buying: WPM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,000 |
| Max Price | US$40.75 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,000 |
| Max Price | US$37.81 |
| Entity | Individual |
| Role | Unit President President of Wheaton Precious Metals International Ltd |
| Shares | 110,000 |
| Max Price | US$33.33 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP & CFO |
| Shares | 86,677 |
| Max Price | US$33.38 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP & CFO |
| Shares | 3,000 |
| Max Price | US$25.63 |
Ownership Breakdown
Management Team
Haytham Hodaly
Senior Vice President of Corporate Development
- Tenure: 7.8yrs
- Compensation: US$1.77m
Randy V. Smallwood (54yo)
President
- Tenure: 8.5yrs
- Compensation: US$4.39m
Curt Bernardi (51yo)
Senior VP of Legal & Corporate Secretary
- Tenure: 0yrs
- Compensation: US$1.77m
Gary Brown (52yo)
Senior VP & CFO
- Tenure: 11.3yrs
- Compensation: US$1.77m
Neil Burns
Vice President of Technical Services
- Tenure: 7.8yrs
Nikola Tatarkin
President of Wheaton Precious Metals International Ltd
- Tenure: 0yrs
- Compensation: US$1.28m
Patrick Drouin
Senior Vice President of Investor Relations
- Tenure: 5.6yrs
- Compensation: US$1.26m
Jamie Beirnes
VP & Controller
- Tenure: 10.8yrs
Board Members
Chuck Jeannes (61yo)
Independent Director
- Tenure: 2.9yrs
- Compensation: US$204.16k
R. Gillin (70yo)
Independent Director
- Tenure: 15yrs
- Compensation: US$240.32k
Doug Holtby (72yo)
Chairman of the Board
- Tenure: 10.8yrs
- Compensation: US$320.24k
John Brough (72yo)
Independent Director
- Tenure: 15yrs
- Compensation: US$227.94k
Eduardo Arellano (74yo)
Independent Director
- Tenure: 14.8yrs
- Compensation: US$215.93k
George Brack (58yo)
Independent Director
- Tenure: 9.9yrs
- Compensation: US$211.44k
Randy V. Smallwood (54yo)
President
- Tenure: 8.5yrs
- Compensation: US$4.39m
Chantal Gosselin (49yo)
Independent Director
- Tenure: 5.9yrs
- Compensation: US$207.60k
Marilyn Schonberner (59yo)
Independent Director
- Tenure: 1.7yrs
- Compensation: US$237.50k
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: Silver
- Sector: Materials
- Market Cap: CA$15.329b
- Shares outstanding: 445.60m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WPM | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Oct 2004 |
| SII | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Oct 2004 |
| WPM | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Oct 2004 |
| SII | XTRA (XETRA Trading Platform) | Yes | Common Shares | DE | EUR | Oct 2004 |
| SLW | SWX (SIX Swiss Exchange) | Yes | Common Shares | CH | CHF | Oct 2004 |
| 0VOT | LSE (London Stock Exchange) | Yes | Common Shares | GB | CAD | Oct 2004 |
Biography
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 develo ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 23:46 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.