Market Closed -
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5-day change | 1st Jan Change | |
20.21 CAD | -2.65% | -7.46% | -8.55% |
Valuation
Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|---|
Capitalization 1 | 2 237 | 4 960 | 7 244 | 5 250 | 3 434 | 5 417 | - | - |
Enterprise Value (EV) 1 | 2 032 | 5 038 | 6 998 | 4 960 | 3 518 | 5 760 | 5 531 | 5 396 |
P/E ratio | 208x | 43,0x | 40,5x | 54,3x | -10,1x | -119x | 23,6x | 12,9x |
Yield | 0,96% | 0,59% | 0,64% | 1,36% | 2,76% | 2,71% | 1,68% | - |
Capitalization / Revenue | 2,85x | 3,67x | 5,41x | 3,22x | 2,30x | 2,34x | 2,02x | 2,05x |
EV / Revenue | 2,59x | 3,73x | 5,23x | 3,04x | 2,35x | 2,49x | 2,06x | 2,04x |
EV / EBITDA | 8,31x | 11,3x | 13,2x | 8,36x | 11,1x | 8,67x | 5,73x | 4,52x |
EV / FCF | 191x | 67,5x | 24,7x | 33,4x | -14,5x | 102x | 13,9x | 10,1x |
FCF Yield | 0,52% | 1,48% | 4,05% | 3,00% | -6,90% | 0,98% | 7,18% | 9,93% |
Price to Book | 1,48x | 1,93x | 2,78x | - | - | - | - | - |
Nbr of stocks (in thousands) | 153 319 | 209 610 | 210 174 | 210 313 | 210 688 | 364 439 | - | - |
Reference price 2 | 14,6 | 23,7 | 34,5 | 25,0 | 16,3 | 14,9 | 14,9 | 14,9 |
Announcement Date | 2/20/19 | 2/19/20 | 2/17/21 | 2/23/22 | 2/22/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|---|
Net sales 1 | 784 | 1 351 | 1 339 | 1 633 | 1 495 | 2 313 | 2 680 | 2 645 |
EBITDA 1 | 245 | 446 | 531 | 593 | 317 | 664 | 965 | 1 193 |
EBIT 1 | 97,3 | 193 | 276 | 290 | -44,1 | 154 | 344 | 695 |
Operating Margin | 12,4% | 14,3% | 20,6% | 17,8% | -2,95% | 6,67% | 12,8% | 26,3% |
Earnings before Tax (EBT) 1 | 33,2 | 183 | 252 | 245 | -301 | 4,50 | 330 | 520 |
Net income 1 | 10,3 | 111 | 178 | 97,4 | -342 | -41,6 | 224 | 349 |
Net margin | 1,31% | 8,20% | 13,3% | 5,97% | -22,9% | -1,80% | 8,35% | 13,2% |
EPS 2 | 0,07 | 0,55 | 0,85 | 0,46 | -1,62 | -0,13 | 0,63 | 1,16 |
Free Cash Flow 1 | 10,6 | 74,7 | 284 | 149 | -243 | 56,7 | 397 | 536 |
FCF margin | 1,36% | 5,53% | 21,2% | 9,10% | -16,2% | 2,45% | 14,8% | 20,3% |
FCF Conversion (EBITDA) | 4,35% | 16,7% | 53,5% | 25,1% | - | 8,53% | 41,2% | 44,9% |
FCF Conversion (Net income) | 103% | 67,4% | 160% | 153% | - | - | 177% | 154% |
Dividend per Share 2 | 0,14 | 0,14 | 0,22 | 0,34 | 0,45 | 0,40 | 0,25 | - |
Announcement Date | 2/20/19 | 2/19/20 | 2/17/21 | 2/23/22 | 2/22/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
Fiscal Period : December | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales 1 | 382 | 460 | 422 | 440 | 340 | 339 | 375 | 390 | 640 | 616 | 646 | 634 | 637 | 602 |
EBITDA 1 | 152 | 186 | 114 | 149 | 87,1 | 46,5 | 103 | 79,5 | 168 | 169 | 226 | 209 | 212 | 211 |
EBIT | 83,4 | 103 | 37,8 | 64,5 | 12,7 | - | 13,0 | 6,40 | 22,1 | 19,5 | - | 67,7 | 71,0 | 89,4 |
Operating Margin | 21,8% | 22,4% | 8,96% | 14,7% | 3,74% | - | 3,46% | 1,64% | 3,45% | 3,16% | - | 10,7% | 11,1% | 14,8% |
Earnings before Tax (EBT) | 101 | 70,6 | 43,1 | - | - | - | - | - | - | - | - | - | - | - |
Net income 1 | 70,9 | 20,3 | 13,8 | 76,5 | -174 | -71,5 | -173 | 16,5 | -46,8 | -22,7 | 10,4 | 36,2 | 38,4 | 50,9 |
Net margin | 18,6% | 4,40% | 3,27% | 17,4% | -51,1% | -21,1% | -46,0% | 4,23% | -7,31% | -3,68% | 1,61% | 5,71% | 6,03% | 8,46% |
EPS 2 | 0,34 | 0,10 | 0,06 | 0,36 | -0,83 | - | -0,82 | 0,08 | -0,13 | -0,06 | 0,03 | 0,14 | 0,15 | 0,19 |
Dividend per Share | 0,07 | 0,10 | 0,10 | - | - | - | - | - | - | - | - | - | - | - |
Announcement Date | 8/10/21 | 11/9/21 | 2/23/22 | 5/11/22 | 8/10/22 | 11/10/22 | 2/22/23 | 5/10/23 | 8/9/23 | 11/7/23 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|---|
Net Debt 1 | - | 77,9 | - | - | 84,5 | 343 | 114 | - |
Net Cash position 1 | 206 | - | 245 | 289 | - | - | - | 21,0 |
Leverage (Debt/EBITDA) | - | 0,17x | - | - | 0,27x | 0,52x | 0,12x | - |
Free Cash Flow 1 | 10,6 | 74,7 | 284 | 149 | -243 | 56,7 | 397 | 536 |
ROE (net income / shareholders' equity) | 4,04% | 7,93% | 9,61% | 6,18% | 0,74% | 1,80% | 6,00% | 6,50% |
Shareholders' equity 1 | 254 | 1 396 | 1 851 | 1 576 | -45 986 | -2 306 | 3 729 | 5 369 |
ROA (Net income/ Total Assets) | 3,11% | 5,83% | 7,06% | 4,65% | - | - | 3,00% | 3,00% |
Assets 1 | 331 | 1 898 | 2 520 | 2 093 | - | - | 7 458 | 11 633 |
Book Value Per Share | 9,83 | 12,2 | 12,4 | - | - | - | - | - |
Cash Flow per Share 2 | 1,04 | 1,40 | 2,17 | 2,20 | 0,35 | 1,35 | 2,36 | 2,38 |
Capex 1 | 152 | 207 | 179 | 243 | 275 | 397 | 429 | 363 |
Capex / Sales | 19,4% | 15,4% | 13,3% | 14,9% | 18,4% | 17,2% | 16,0% | 13,7% |
Announcement Date | 2/20/19 | 2/19/20 | 2/17/21 | 2/23/22 | 2/22/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating :
Investor Rating :
ESG Refinitiv :
A
Sell
Buy

Mean consensus
BUY
Number of Analysts
7
Last Close Price
14.86USD
Average target price
21.32USD
Spread / Average Target
+43.41%
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-8.55% | 5 417 M $ | |
-15.65% | 2 859 M $ | |
-31.12% | 1 641 M $ | |
-30.35% | 1 116 M $ | |
+11.20% | 903 M $ | |
-9.05% | 471 M $ | |
-38.58% | 425 M $ | |
+650.00% | 201 M $ | |
-13.33% | 155 M $ | |
-15.00% | 157 M $ |
- Stock
- Equities
- Stock Pan American Silver Corp. - Toronto Stock Exchange
- Financials Pan American Silver Corp.