Wheaton Precious Metals Corp.

SWX:WPM Stock Report

Market Cap: CHF 41.1b

Wheaton Precious Metals Valuation

Is WPM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of WPM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: WPM (CHF92.92) is trading below our estimate of future cash flow value (CHF112.71)

Significantly Below Future Cash Flow Value: WPM is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WPM?

Key metric: As WPM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for WPM. This is calculated by dividing WPM's market cap by their current earnings.
What is WPM's PE Ratio?
PE Ratio29.2x
EarningsUS$1.80b
Market CapUS$51.09b

Price to Earnings Ratio vs Peers

How does WPM's PE Ratio compare to its peers?

The above table shows the PE ratio for WPM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average47.2x
GIVN Givaudan
30.2x5.71%CHF 32.3b
SIKA Sika
26.5x9.44%CHF 27.7b
HOLN Holcim
106.5x25.62%CHF 41.4b
AMRZ Amrize
25.7x15.17%CHF 23.9b
WPM Wheaton Precious Metals
29.2x9.36%CHF 72.5b

Price-To-Earnings vs Peers: WPM is good value based on its Price-To-Earnings Ratio (29.2x) compared to the peer average (47.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does WPM's PE Ratio compare vs other companies in the European Metals and Mining Industry?

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
WPM 29.2xIndustry Avg. 16.8xNo. of Companies17PE01020304050+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WPM is expensive based on its Price-To-Earnings Ratio (29.2x) compared to the European Metals and Mining industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is WPM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WPM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate WPM's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WPM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 92.92
CHF 150.51
+61.98%
11.21%CHF 187.57CHF 130.10n/a7
Jun ’27n/a
CHF 147.73
0%
11.16%CHF 182.09CHF 126.29n/a7
May ’27n/a
CHF 151.60
0%
15.86%CHF 205.82CHF 124.68n/a7
Apr ’27n/a
CHF 150.09
0%
18.00%CHF 208.87CHF 126.02n/a6
Mar ’27n/a
CHF 131.60
0%
11.20%CHF 148.17CHF 100.46n/a6
Feb ’27n/a
CHF 116.79
0%
15.90%CHF 147.25CHF 90.45n/a7
Jan ’27n/a
CHF 110.16
0%
8.29%CHF 124.83CHF 93.67n/a7
Dec ’26n/a
CHF 104.87
0%
6.39%CHF 117.29CHF 94.67n/a7
Nov ’26n/a
CHF 99.43
0%
10.76%CHF 116.35CHF 86.27n/a7
Oct ’26n/a
CHF 93.72
0%
8.29%CHF 105.86CHF 82.96n/a7
Sep ’26n/a
CHF 85.82
0%
2.97%CHF 88.39CHF 80.78n/a7
Aug ’26n/a
CHF 83.35
0%
4.89%CHF 87.81CHF 75.32n/a7
Jul ’26n/a
CHF 78.88
0%
3.36%CHF 82.05CHF 74.48CHF 93.097
Jun ’26n/a
CHF 78.86
0%
2.88%CHF 83.53CHF 76.44n/a7
May ’26n/a
CHF 76.77
0%
7.14%CHF 84.76CHF 68.55n/a7
Apr ’26n/a
CHF 71.46
0%
6.67%CHF 80.29CHF 65.70n/a6
Mar ’26n/a
CHF 67.71
0%
6.28%CHF 73.10CHF 60.39n/a6
Feb ’26n/a
CHF 66.23
0%
5.02%CHF 70.68CHF 60.86n/a6
Jan ’26n/a
CHF 65.43
0%
5.37%CHF 69.67CHF 59.23n/a7
Dec ’25n/a
CHF 66.39
0%
5.33%CHF 70.70CHF 60.35n/a7
Nov ’25n/a
CHF 64.15
0%
6.36%CHF 68.70CHF 56.92n/a7
Oct ’25n/a
CHF 58.60
0%
8.45%CHF 66.66CHF 51.20n/a7
Sep ’25n/a
CHF 56.14
0%
6.26%CHF 62.84CHF 50.56n/a7
Aug ’25n/a
CHF 57.90
0%
6.45%CHF 63.96CHF 52.48n/a7
Jul ’25n/a
CHF 54.95
0%
4.11%CHF 58.95CHF 51.82n/a8
CHF 149.45
Fair Value
37.8% undervalued intrinsic discount
7
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/02 06:38
End of Day Share Price 2026/07/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Wheaton Precious Metals Corp. is covered by 30 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
Matthew MurphyBarclays
Richard HatchBerenberg