Wheaton Precious Metals (TSX:WPM) - Share price, News & Analysis

WPM fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	3/6

WPM Stock Overview

Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally.

Rewards

Earnings grew by 30.5% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 6.3% per year for the next 3 years

Wheaton Precious Metals Competitors

Franco-Nevada

TSX:FNV

CA$34.5b

SSR Mining

TSX:SSRM

CA$5.4b

Osisko Gold Royalties

TSX:OR

CA$2.7b

Royal Gold

NasdaqGS:RGLD

US$7.5b

Price History & Performance

Summary of all time highs, changes and price drops for Wheaton Precious Metals
Historical stock prices
Current Share Price	CA$54.51
52 Week High	CA$65.45
52 Week Low	CA$45.76
Beta	0.36
1 Month Change	-8.05%
3 Month Change	-0.40%
1 Year Change	-6.47%
3 Year Change	94.89%
5 Year Change	97.50%
Change since IPO	1,353.60%

Recent News & Updates

May 13

Are Wheaton Precious Metals Corp. (TSE:WPM) Investors Paying Above The Intrinsic Value?

Does the May share price for Wheaton Precious Metals Corp. ( TSE:WPM ) reflect what it's really worth? Today, we will...

Shareholder Returns

	WPM	CA Metals and Mining	CA Market
7D	7.6%	4.5%	1.7%
1Y	-6.5%	-7.5%	4.7%

Return vs Industry: WPM matched the Canadian Metals and Mining industry which returned -6.3% over the past year.

Return vs Market: WPM underperformed the Canadian Market which returned 5.2% over the past year.

Price Volatility

Is WPM's price volatile compared to industry and market?
WPM volatility
WPM Average Weekly Movement	4.4%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	9.9%
10% most volatile stocks in CA Market	17.0%
10% least volatile stocks in CA Market	4.3%

Stable Share Price: WPM is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: WPM's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2004	44	Randy V. Smallwood	https://www.wheatonpm.com

Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects.

Wheaton Precious Metals Fundamentals Summary

How do Wheaton Precious Metals's earnings and revenue compare to its market cap?
WPM fundamental statistics
Market Cap	US$19.18b
Earnings (TTM)	US$750.35m
Revenue (TTM)	US$1.18b

25.6x

P/E Ratio

16.2x

P/S Ratio

Is WPM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
WPM income statement (TTM)
Revenue	US$1.18b
Cost of Revenue	US$279.16m
Gross Profit	US$905.63m
Other Expenses	US$155.28m
Earnings	US$750.35m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 11, 2022

Earnings per share (EPS)	1.66
Gross Margin	76.44%
Net Profit Margin	63.33%
Debt/Equity Ratio	0%

How did WPM perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

35%

Payout Ratio

Valuation

Is Wheaton Precious Metals undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

25.56x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: WPM (CA$54.51) is trading above our estimate of fair value (CA$44.88)

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 Price-To-Earnings Ratio (25.6x) compared to the Canadian Metals and Mining industry average (10.9x).

PE vs Market: WPM is poor value based on its Price-To-Earnings Ratio (25.6x) compared to the Canadian market (11.5x).

Price to Earnings Growth Ratio

PEG Ratio: WPM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: WPM is overvalued based on its Price-To-Book Ratio (3x) compared to the CA Metals and Mining industry average (2x).

Future Growth

How is Wheaton Precious Metals forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-6.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WPM's earnings are forecast to decline over the next 3 years (-6.3% per year).

Earnings vs Market: WPM's earnings are forecast to decline over the next 3 years (-6.3% per year).

High Growth Earnings: WPM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: WPM's revenue (2.1% per year) is forecast to grow slower than the Canadian market (6.3% per year).

High Growth Revenue: WPM's revenue (2.1% 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 (7.8%).

Past Performance

How has Wheaton Precious Metals performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

33.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WPM has high quality earnings.

Growing Profit Margin: WPM's current net profit margins (63.3%) are higher than last year (49.3%).

Past Earnings Growth Analysis

Earnings Trend: WPM's earnings have grown significantly by 33% per year over the past 5 years.

Accelerating Growth: WPM's earnings growth over the past year (30.5%) is below its 5-year average (33% per year).

Earnings vs Industry: WPM earnings growth over the past year (30.5%) exceeded the Metals and Mining industry -1.3%.

Return on Equity

High ROE: WPM's Return on Equity (11.8%) is considered low.

Financial Health

How is Wheaton Precious Metals's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: WPM's short term assets ($414.0M) exceed its short term liabilities ($111.9M).

Long Term Liabilities: WPM's short term assets ($414.0M) exceed its long term liabilities ($8.6M).

Debt to Equity History and Analysis

Debt Level: WPM is debt free.

Reducing Debt: WPM has no debt compared to 5 years ago when its debt to equity ratio was 21.4%.

Debt Coverage: WPM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: WPM has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Wheaton Precious Metals's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.41%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: WPM's dividend (1.41%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.9%).

High Dividend: WPM's dividend (1.41%) is low compared to the top 25% of dividend payers in the Canadian market (4.92%).

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.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35.4%), WPM's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (66.6%), WPM's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

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

12.3yrs

Average management tenure

CEO

Randy V. Smallwood (56 yo)

12.33yrs

Tenure

US$5,004,303

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 its President since January 1, 2010 and Chief Executive Officer si...

CEO Compensation Analysis

Compensation vs Market: Randy V.'s total compensation ($USD5.00M) is below average for companies of similar size in the Canadian market ($USD7.50M).

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 (12.3 years average tenure).

Board Members

Experienced Board: WPM's board of directors are seasoned and experienced ( 11 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31