Wheaton Precious Metals
Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. The last earnings update was 127 days ago. More info.
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- Wheaton Precious Metals has significant price volatility in the past 3 months.
WPM Share Price and Events
7 Day Returns
1 Year Returns
WPM Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Wheaton Precious Metals (WPM) | 4.2% | 5.9% | 18.5% | 17.2% | 33.7% | 21.6% |
| CA Metals and Mining | -2.1% | 1.4% | 13.1% | -5.9% | 8.9% | -22% |
| CA Market | 0.3% | 2% | 13.2% | 0.7% | 16.6% | 5.6% |
1 Year Return vs Industry and Market
- WPM outperformed the Metals and Mining industry which returned -5.9% over the past year.
- WPM outperformed the Market in Canada which returned 0.7% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Wheaton Precious Metals
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Wheaton Precious Metals.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 12 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.1% |
| Perpetual Growth Rate | 10-Year CA Government Bond Rate | 1.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CA Govt Bond Rate | 1.9% |
| Equity Risk Premium | S&P Global | 6% |
| Metals and Mining Unlevered Beta | Simply Wall St/ S&P Global | 1.18 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.181 (1 + (1- 26.5%) (13.59%)) |
1.2 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.2 * 5.96%) |
9.1% |
Discounted Cash Flow Calculation for TSX:WPM using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Wheaton Precious Metals is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.1%) |
|
|---|---|---|---|
| 2019 | 489.75 | Analyst x8 | 448.90 |
| 2020 | 466.57 | Analyst x7 | 391.99 |
| 2021 | 490.50 | Analyst x2 | 377.72 |
| 2022 | 663.50 | Analyst x2 | 468.33 |
| 2023 | 736.50 | Analyst x2 | 476.50 |
| 2024 | 794.60 | Est @ 7.89% | 471.22 |
| 2025 | 843.12 | Est @ 6.11% | 458.29 |
| 2026 | 884.09 | Est @ 4.86% | 440.48 |
| 2027 | 919.32 | Est @ 3.99% | 419.83 |
| 2028 | 950.33 | Est @ 3.37% | 397.80 |
| Present value of next 10 years cash flows | $4,351.07 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $950.33 × (1 + 1.95%) ÷ (9.1% – 1.95%) |
$13,546.09 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $13,546.09 ÷ (1 + 9.1%)10 |
$5,670.23 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $4,351.07 + $5,670.23 |
$10,021.30 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $10,021.30 / 443.99 |
$22.57 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | USD/CAD
(Reporting currency to currency of TSX:WPM) |
1.333 |
| Value per Share (CAD) |
= Value per Share in USD x Exchange Rate (USD/CAD)
= $22.57 x 1.333 |
CA$30.09 |
| Value per share (CAD) | From above. | CA$30.09 |
| Current discount | Discount to share price of
CA$30.50
= -1 x (CA$30.50 - CA$30.09) / CA$30.09 |
-1.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Wheaton Precious Metals is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Wheaton Precious Metals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Wheaton Precious Metals's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in USD | $0.64 |
| TSX:WPM Share Price ** | TSX (2019-03-20) in CAD | CA$30.5 |
| TSX:WPM Share Price converted to USD reporting currency | Exchange rate (CAD/ USD) 0.75 | $22.88 |
| Canada Metals and Mining Industry PE Ratio | Median Figure of 115 Publicly-Listed Metals and Mining Companies | 12.49x |
| Canada Market PE Ratio | Median Figure of 542 Publicly-Listed Companies | 14.78x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Wheaton Precious Metals.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:WPM Share Price ÷ EPS (both in USD) = 22.88 ÷ 0.64 |
35.87x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Wheaton Precious Metals is overvalued based on earnings compared to the CA Metals and Mining industry average.
- Wheaton Precious Metals is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does
Wheaton Precious Metals's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 35.87x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts |
-27.7%per year |
| Canada Metals and Mining Industry PEG Ratio | Median Figure of 35 Publicly-Listed Metals and Mining Companies | 0.7x |
| Canada Market PEG Ratio | Median Figure of 253 Publicly-Listed Companies | 1.2x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 35.87x ÷ -27.7% |
-1.29x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Wheaton Precious Metals earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Wheaton Precious Metals's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in USD | $11.68 |
| TSX:WPM Share Price * | TSX (2019-03-20) in CAD | CA$30.5 |
| TSX:WPM Share Price converted to USD reporting currency | Exchange rate (CAD/ USD) 0.75 | $22.88 |
| Canada Metals and Mining Industry PB Ratio | Median Figure of 1,080 Publicly-Listed Metals and Mining Companies | 1.44x |
| Canada Market PB Ratio | Median Figure of 2,349 Publicly-Listed Companies | 1.58x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:WPM Share Price ÷ Book Value per Share (both in USD) = 22.88 ÷ 11.68 |
1.96x |
* Primary Listing of Wheaton Precious Metals.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Wheaton Precious Metals is overvalued based on assets compared to the CA Metals and Mining industry average.
Value checks
We assess Wheaton Precious Metals's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) Wheaton Precious Metals has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Wheaton Precious Metals's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.9%.
Growth vs Market Checks
- Wheaton Precious Metals's earnings are expected to decrease over the next 1-3 years, this is below the Canada market average.
- Wheaton Precious Metals's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:WPM Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts | -27.7% |
| TSX:WPM Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts | 6.4% |
| Canada Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | 33.3% |
| Canada Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | 7% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 17.8% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 6.9% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 1,126 | 747 | -688 | 1 |
| 2022-12-31 | 1,074 | 737 | 365 | 1 |
| 2021-12-31 | 943 | 641 | 299 | 2 |
| 2020-12-31 | 908 | 568 | 286 | 7 |
| 2019-12-31 | 857 | 519 | 236 | 12 |
| 2018-12-31 | 794 | 466 | 436 | 11 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 840 | 534 | 283 |
| 2018-06-30 | 857 | 555 | 315 |
| 2018-03-31 | 845 | 544 | 65 |
| 2017-12-31 | 843 | 539 | 58 |
| 2017-09-30 | 859 | 548 | 206 |
| 2017-06-30 | 889 | 581 | 223 |
| 2017-03-31 | 902 | 590 | 215 |
| 2016-12-31 | 892 | 584 | 195 |
| 2016-09-30 | 834 | 543 | 15 |
| 2016-06-30 | 754 | 481 | -164 |
| 2016-03-31 | 706 | 456 | -170 |
| 2015-12-31 | 649 | 431 | -162 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
All data from Wheaton Precious Metals Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | -1.55 | -1.55 | -1.55 | 1.00 |
| 2022-12-31 | 0.76 | 0.82 | 0.69 | 2.00 |
| 2021-12-31 | 0.68 | 0.69 | 0.66 | 2.00 |
| 2020-12-31 | 0.64 | 0.73 | 0.58 | 4.00 |
| 2019-12-31 | 0.51 | 0.61 | 0.47 | 5.00 |
| 2018-12-31 | 0.97 | 1.00 | 0.96 | 5.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.64 |
| 2018-06-30 | 0.71 |
| 2018-03-31 | 0.15 |
| 2017-12-31 | 0.13 |
| 2017-09-30 | 0.47 |
| 2017-06-30 | 0.50 |
| 2017-03-31 | 0.49 |
| 2016-12-31 | 0.45 |
| 2016-09-30 | 0.04 |
| 2016-06-30 | -0.40 |
| 2016-03-31 | -0.42 |
| 2015-12-31 | -0.41 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Wheaton Precious Metals is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Wheaton Precious Metals's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Wheaton Precious Metals has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Wheaton Precious Metals performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Wheaton Precious Metals's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Wheaton Precious Metals's 1-year earnings growth exceeds its 5-year average (37% vs -15.1%)
- Wheaton Precious Metals's earnings growth has exceeded the CA Metals and Mining industry average in the past year (37% vs -23.7%).
Earnings and Revenue History
All data from Wheaton Precious Metals Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 839.97 | 282.58 | 35.82 | |
| 2018-06-30 | 857.23 | 315.13 | 36.32 | |
| 2018-03-31 | 844.52 | 64.60 | 33.42 | |
| 2017-12-31 | 843.22 | 57.70 | 31.56 | |
| 2017-09-30 | 859.16 | 206.28 | 27.07 | |
| 2017-06-30 | 889.33 | 222.69 | 29.05 | |
| 2017-03-31 | 902.00 | 215.38 | 29.48 | |
| 2016-12-31 | 891.56 | 195.14 | 31.51 | |
| 2016-09-30 | 833.56 | 15.01 | 36.71 | |
| 2016-06-30 | 753.61 | -163.90 | 34.29 | |
| 2016-03-31 | 705.69 | -170.48 | 32.15 | |
| 2015-12-31 | 648.69 | -162.04 | 29.65 | |
| 2015-09-30 | 588.57 | 59.25 | 28.79 | |
| 2015-06-30 | 601.17 | 159.67 | 30.08 | |
| 2015-03-31 | 585.30 | 169.44 | 32.38 | |
| 2014-12-31 | 620.18 | 199.83 | 34.35 | |
| 2014-09-30 | 647.22 | 241.70 | 30.83 | |
| 2014-06-30 | 647.77 | 314.26 | 34.31 | |
| 2014-03-31 | 666.09 | 321.88 | 33.00 | |
| 2013-12-31 | 706.47 | 375.50 | 32.36 | |
| 2013-09-30 | 826.30 | 459.34 | 38.70 | |
| 2013-06-30 | 821.17 | 501.98 | 34.32 | |
| 2013-03-31 | 855.68 | 572.28 | 32.95 | |
| 2012-12-31 | 849.56 | 586.04 | 30.84 | |
| 2012-09-30 | 754.19 | 553.04 | 26.41 | |
| 2012-06-30 | 778.11 | 568.38 | 26.51 | |
| 2012-03-31 | 771.45 | 575.03 | 25.69 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Wheaton Precious Metals has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Wheaton Precious Metals used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
- Wheaton Precious Metals's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Wheaton Precious Metals's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Wheaton Precious Metals has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Wheaton Precious Metals's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Wheaton Precious Metals's finances.
The net worth of a company is the difference between its assets and liabilities.
- Wheaton Precious Metals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Wheaton Precious Metals's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Wheaton Precious Metals Company Filings, last reported 5 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 5,187.19 | 1,380.50 | 119.37 |
| 2018-06-30 | 5,234.62 | 956.50 | 92.66 |
| 2018-03-31 | 4,925.54 | 663.00 | 115.57 |
| 2017-12-31 | 4,899.66 | 770.00 | 98.52 |
| 2017-09-30 | 5,067.31 | 854.00 | 69.91 |
| 2017-06-30 | 5,030.73 | 953.00 | 76.58 |
| 2017-03-31 | 4,975.95 | 1,064.00 | 114.75 |
| 2016-12-31 | 4,939.99 | 1,193.00 | 124.30 |
| 2016-09-30 | 4,963.18 | 1,345.00 | 125.55 |
| 2016-06-30 | 4,839.23 | 706.00 | 124.49 |
| 2016-03-31 | 4,156.39 | 1,371.00 | 86.78 |
| 2015-12-31 | 4,150.74 | 1,466.00 | 103.30 |
| 2015-09-30 | 4,342.82 | 647.00 | 80.51 |
| 2015-06-30 | 4,467.70 | 715.00 | 71.89 |
| 2015-03-31 | 4,427.50 | 800.00 | 88.01 |
| 2014-12-31 | 3,628.74 | 998.52 | 308.10 |
| 2014-09-30 | 3,600.32 | 998.25 | 233.00 |
| 2014-06-30 | 3,500.20 | 997.99 | 139.20 |
| 2014-03-31 | 3,431.68 | 997.75 | 81.97 |
| 2013-12-31 | 3,366.55 | 998.14 | 95.82 |
| 2013-09-30 | 3,320.31 | 1,039.95 | 61.96 |
| 2013-06-30 | 3,217.15 | 1,142.80 | 36.26 |
| 2013-03-31 | 3,225.78 | 1,090.00 | 75.54 |
| 2012-12-31 | 3,107.07 | 50.06 | 778.22 |
| 2012-09-30 | 2,975.49 | 57.20 | 555.06 |
| 2012-06-30 | 2,844.68 | 64.34 | 1,102.12 |
| 2012-03-31 | 2,762.97 | 71.48 | 997.49 |
- Wheaton Precious Metals's level of debt (26.6%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (31.3% vs 26.6% today).
- Debt is well covered by operating cash flow (38.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 9.9x coverage).
Financial health checks
We assess Wheaton Precious Metals's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Wheaton Precious Metals has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Wheaton Precious Metals's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CA$2,000 of
Wheaton Precious Metals
shares you are expected to receive
CA$31
in your first year as a dividend.
Dividend Amount
- Wheaton Precious Metals's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.02%).
- Wheaton Precious Metals's dividend is below the markets top 25% of dividend payers in Canada (5.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| Canada Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 28 Stocks | 1.2% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 330 Stocks | 3.5% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 0.42 | 1.00 |
| 2022-12-31 | 0.40 | 1.00 |
| 2021-12-31 | 0.39 | 1.00 |
| 2020-12-31 | 0.37 | 6.00 |
| 2019-12-31 | 0.33 | 9.00 |
| 2018-12-31 | 0.35 | 8.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-11-14 | 0.360 | 1.883 |
| 2018-08-14 | 0.360 | 2.122 |
| 2018-05-10 | 0.360 | 1.663 |
| 2018-03-21 | 0.360 | 1.723 |
| 2017-11-09 | 0.360 | 1.733 |
| 2017-05-09 | 0.280 | 1.401 |
| 2017-03-21 | 0.280 | 1.357 |
| 2016-11-09 | 0.240 | 1.209 |
| 2016-08-10 | 0.200 | 0.770 |
| 2016-05-09 | 0.200 | 0.895 |
| 2016-03-16 | 0.200 | 1.122 |
| 2015-11-03 | 0.200 | 1.521 |
| 2015-08-11 | 0.200 | 1.554 |
| 2015-05-07 | 0.200 | 1.223 |
| 2015-03-18 | 0.200 | 1.020 |
| 2014-03-21 | 0.450 | 2.046 |
| 2014-03-20 | 0.450 | 1.793 |
| 2013-04-02 | 0.350 | 1.524 |
| 2013-03-21 | 0.350 | 1.128 |
| 2012-11-05 | 0.280 | 0.800 |
| 2012-08-10 | 0.400 | 1.086 |
| 2012-08-09 | 0.400 | 1.307 |
| 2012-05-14 | 0.360 | 1.346 |
| 2012-03-22 | 0.360 | 1.198 |
| 2011-11-09 | 0.360 | 1.084 |
| 2011-08-08 | 0.120 | 0.343 |
| 2011-05-06 | 0.120 | 0.344 |
| 2011-03-03 | 0.120 | 0.287 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Wheaton Precious Metals has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Wheaton Precious Metals only paid a dividend in the past 8 years.
Income/ dividend checks
We assess Wheaton Precious Metals's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Wheaton Precious Metals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Wheaton Precious Metals has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $3,633,800 |
| AGE | 53 |
| TENURE AS CEO | 7.9 years |
CEO Bio
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., and has been President since January 1, 2010 and Chief Executive Officer since April 11, 2011. Mr. Smallwood served as a Director of Project Development at GoldCorp. Inc., from 2002 to 2007 and Wheaton Precious Metals Corp. formerly known as Silver Wheaton Corp., from its formation in 2004 to 2007. He served as an Executive Vice President of Corporate Development of Wheaton Precious Metals Corp. formerly known as Silver Wheaton Corp. from February 2007 to January 1, 2010. He has a wealth of mineral exploration, mine development and mine operation knowledge and has Extensive experience in advanced stage project evaluation and acquisitions, feasibility studies and mine development. Mr. Smallwood served as a Vice President of Corporate Development of Wheaton Precious Metals Corp. formerly known as Silver Wheaton Corp. since April 2005. He served as a Director of Project Development of Wheaton River Minerals Ltd. from 2002 to March 2005 and its Project Manager from 1999 to 2002. He worked with Homestake Mining Company, Teck Corp. and Westmin Resources. He was a Director at Valoro Resources Inc. (formerly, Geologix Explorations Inc.) from May 11, 2005 to December 31, 2018. He has been a Director of Wheaton Precious Metals Corp. formerly known as Silver Wheaton Corp. since May 6, 2011 and Riva Gold Corp. since November 29, 2010. He has been a Director of Tigray Resources Inc since September 23, 2010. He served as a Member of Advisory Board of Marlin Gold Mining Ltd. Mr. Smallwood served as a Member of Advisory Board at BCGold Corp. since October 2006 until April 21, 2016. He served as an Independent Director of Castle Peak Mining Ltd from March 4, 2011 to November 2012. He served as a Director of Canaco Resources Inc. since July 27, 2005 and Ventana Gold Corp. since November 2008. Mr. Smallwood holds B.A.Sc. in Geology in 1995 from University of British Columbia and Professional Engineer in 2000 from BC Association of Professional Engineers & Geoscientists. He holds Mine Engineering Diploma from the British Columbia Institute of Technology.
CEO Compensation
- Randy V.'s compensation has been consistent with company performance over the past year.
- Randy V.'s remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure
Average tenure and age of the Wheaton Precious Metals management team in years:
- The average tenure for the Wheaton Precious Metals management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Randy V. Smallwood
President
$4M
53
7.9 yrs
Gary Brown
Senior VP & CFO
$2M
51
10.7 yrs
Curt Bernardi
Senior VP of Legal & Corporate Secretary
$2M
50
Haytham Hodaly
Senior Vice President of Corporate Development
$2M
7.2 yrs
Nikola Tatarkin
President of Silver Wheaton (Caymans) Ltd
$1M
Neil Burns
Vice President of Technical Services
7.2 yrs
Patrick Drouin
Senior Vice President of Investor Relations
$1M
5 yrs
Jamie Beirnes
VP & Controller
10.3 yrs
Bettina Charpentier
Vice President of Tax
$679K
8.9 yrs
Maurice A. Tagami
Vice President of Mining Operations
$998K
60
6.7 yrs
Board of Directors Tenure
Average tenure and age of the Wheaton Precious Metals board of directors in years:
- The tenure for the Wheaton Precious Metals board of directors is about average.
Board of Directors
Doug Holtby
Chairman of the Board
$334K
71
10.2 yrs
Randy V. Smallwood
President
$4M
53
7.8 yrs
R. Gillin
Director
$246K
69
14.4 yrs
John Brough
Director
$241K
71
14.4 yrs
George Brack
Director
$215K
57
9.3 yrs
Eduardo Arellano
Director
$221K
73
14.3 yrs
Chantal Gosselin
Director
$219K
48
5.3 yrs
Chuck Jeannes
Director
$208K
60
2.3 yrs
Marilyn Schonberner
Director
57
1.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 22. Dec 18 | Buy | Gary Brown | Individual | 21. Dec 18 | 21. Dec 18 | 3,000 | CA$25.63 | CA$76,887 | ||
| 20. Aug 18 | Buy | Chantal Gosselin | Individual | 20. Aug 18 | 20. Aug 18 | 400 | CA$24.33 | CA$9,732 | ||
| 25. May 18 | Sell | George Brack | Individual | 23. May 18 | 23. May 18 | -4,500 | CA$28.19 | CA$-126,855 | ||
Management checks
We assess Wheaton Precious Metals's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Wheaton Precious Metals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
The Wheaton Precious Metals (TSE:WPM) Share Price Is Up 31% And Shareholders Are Holding On
(TSE:WPM) shareholders have seen the share price rise 31% over three years, well in excess of the market return (15%, not including dividends). … During three years of share price growth, Wheaton Precious Metals achieved compound earnings per share growth of 61% per year. … It might be well worthwhile taking a look at our free report on Wheaton Precious Metals's earnings, revenue and cash flow.
Simply Wall St - – Full articleShould You Be Tempted To Sell Wheaton Precious Metals Corp. (TSE:WPM) Because Of Its P/E Ratio?
We'll show how you can use Wheaton Precious Metals Corp.'s (TSE:WPM) P/E ratio to inform your assessment of the investment opportunity. … How Do I Calculate Wheaton Precious Metals's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleShould You Like Wheaton Precious Metals Corp.’s (TSE:WPM) High Return On Capital Employed?
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleWho Has Been Selling Wheaton Precious Metals Corp. (TSE:WPM) Shares?
Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … Wheaton Precious Metals Insider Transactions Over The Last Year. … That means that an insider was selling shares at around the current price of CA$27.79
Simply Wall St - – Full articleSomething To Consider Before Buying Wheaton Precious Metals Corp. (TSE:WPM) For The 1.9% Dividend
Historically, Wheaton Precious Metals Corp. … Let's dig deeper into whether Wheaton Precious Metals should have a place in your portfolio. … Check out our latest analysis for Wheaton Precious Metals
Simply Wall St - – Full articleShould You Worry About Wheaton Precious Metals Corp.'s (TSE:WPM) CEO Pay Cheque?
First, this article will compare CEO compensation with compensation at similar sized companies. … Smallwood's Compensation Compare With Similar Sized Companies. … is worth CA$12b, and total annual CEO compensation is US$3.6m.
Simply Wall St - – Full articleHow Do Analysts See Wheaton Precious Metals Corp. (TSE:WPM) Performing Over The Next Year?
(TSE:WPM) released its earnings in September 2018,. … with earnings expected to grow by 0.4% in the upcoming year … the past 5-year average growth rate of -15%
Simply Wall St - – Full articleWhy Wheaton Precious Metals Corp. (TSE:WPM) Is A Financially Healthy Company
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Wheaton Precious Metals Corp. … Don’t forget that this is a general and concentrated examination of Wheaton Precious Metals's financial health, so you should conduct further analysis. … See our latest analysis for Wheaton Precious Metals
Simply Wall St - – Full articleWhat Kind Of Investor Owns Most Of Wheaton Precious Metals Corp (TSE:WPM)?
The big shareholder groups in Wheaton Precious Metals Corp (TSE:WPM) have power over the company. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Wheaton Precious Metals has a market capitalization of CA$9.3b, so it's too big to fly under the radar.
Simply Wall St - – Full articleShould You Be Tempted To Sell Wheaton Precious Metals Corp (TSE:WPM) Because Of Its P/E Ratio?
We'll show how you can use Wheaton Precious Metals Corp's (TSE:WPM) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Wheaton Precious Metals's P/E ratio is 23.05. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCompany Info
Description
Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.
Details
| Name: | Wheaton Precious Metals Corp. |
| WPM | |
| Exchange: | TSX |
| Founded: | 2004 |
| CA$13,541,666,391 | |
| 443,989,062 | |
| Website: | http://www.wheatonpm.com |
| Address: |
Wheaton Precious Metals Corp. 1021 West Hastings Street, Suite 3500, Vancouver, British Columbia, V6E 0C3, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | WPM | Common Shares | The Toronto Stock Exchange | CA | CAD | 18. Oct 2004 | |
| NYSE | WPM | Common Shares | New York Stock Exchange | US | USD | 18. Oct 2004 | |
| DB | SII | Common Shares | Deutsche Boerse AG | DE | EUR | 18. Oct 2004 | |
| XTRA | SII | Common Shares | XETRA Trading Platform | DE | EUR | 18. Oct 2004 | |
| LSE | 0VOT | Common Shares | London Stock Exchange | GB | CAD | 18. Oct 2004 | |
| SWX | SLW | Common Shares | SIX Swiss Exchange | CH | CHF | 18. Oct 2004 |
Number of employees
Current staff
Industry
| Silver | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/21 00:02 |
| End of day share price update: | 2019/03/20 00:00 |
| Last estimates confirmation: | 2019/03/18 |
| Last earnings filing: | 2018/11/14 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
