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Wheaton Precious Metals

Market Cap

CA$23.9b

Last Updated

2021/05/09 22:10 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Flawless 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

4.3%

WPM

7.7%

CA Metals and Mining

2.3%

CA Market


1 Year Return

-12.0%

WPM

20.6%

CA Metals and Mining

36.9%

CA Market

Return vs Industry: WPM underperformed the Canadian Metals and Mining industry which returned 20.6% over the past year.

Return vs Market: WPM underperformed the Canadian Market which returned 36.9% over the past year.


Shareholder returns

WPMIndustryMarket
7 Day4.3%7.7%2.3%
30 Day1.0%7.1%2.1%
90 Day0.2%6.5%7.5%
1 Year-11.0%-12.0%21.8%20.6%41.4%36.9%
3 Year98.6%90.1%57.0%53.5%30.2%17.7%
5 Year129.8%113.8%59.4%54.6%60.3%36.3%

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

Valuation

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

34.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WPM (CA$53.16) is trading above our estimate of fair value (CA$33.16)

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 (34.2x) compared to the CA Metals and Mining industry average (16.5x).

PE vs Market: WPM is poor value based on its PE Ratio (34.2x) compared to the Canadian market (15.9x).


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 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 15 analysts?

-0.6%

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 (-0.6% per year).

Earnings vs Market: WPM's earnings are forecast to decline over the next 3 years (-0.6% per year).

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

Revenue vs Market: WPM's revenue is expected to decline over the next 3 years (-1% per year).

High Growth Revenue: WPM's revenue is forecast to decline over the next 3 years (-1% 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?

36.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WPM has high quality earnings.

Growing Profit Margin: WPM's current net profit margins (49.3%) are higher than last year (13.9%).


Past Earnings Growth Analysis

Earnings Trend: WPM has become profitable over the past 5 years, growing earnings by 36.9% per year.

Accelerating Growth: WPM's earnings growth over the past year (364.8%) exceeds its 5-year average (36.9% per year).

Earnings vs Industry: WPM earnings growth over the past year (364.8%) exceeded the Metals and Mining industry 86.6%.


Return on Equity

High ROE: WPM's Return on Equity (9.9%) is considered low.


Financial Health

How is Wheaton Precious Metals's financial position?


Financial Position Analysis

Short Term Liabilities: WPM's short term assets ($201.5M) exceed its short term liabilities ($97.0M).

Long Term Liabilities: WPM's short term assets ($201.5M) exceed its long term liabilities ($8.0M).


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 32.8%.

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?

1.19%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 10 2021Ex Dividend DateMay 20 2021Dividend Pay DateJun 03 202114 days from Ex DividendBuy in the next 10 days to receive the upcoming dividend

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 (4.54%).


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 (32.8%), 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 ($USD4.57M) is below average for companies of similar size in the Canadian market ($USD6.57M).

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$23.936b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/09 22:10
End of Day Share Price2021/05/07 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.