Pan American Silver Corp
NYSE:PAAS

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Pan American Silver Corp
NYSE:PAAS
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Price: 51.77 USD 3.44% Market Closed
Market Cap: 18.9B USD
Section:
 

Relative Value

The Relative Value of one PAAS stock under the Base Case scenario is 64.71 USD. Compared to the current market price of 51.77 USD, Pan American Silver Corp is Undervalued by 20%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

PAAS Relative Value
Base Case
64.71 USD
Undervaluation 20%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

6.7
P/S
P/S
Price to Sales
6.7
vs History
0
vs Industry
42
Median 3Y
3
Median 5Y
3.1
Industry
2
Forward
6.1
More Details
34.3
P/E
P/E
Price to Earnings
34.3
vs History
17
vs Industry
2
Median 3Y
-19.4
Median 5Y
18.7
Industry
18.8
Forward
23.3
More Details
20.7
P/OCF
P/OCF
Price to OCF
20.7
vs History
19
vs Industry
13
Median 3Y
14.2
Median 5Y
14
Industry
10.9
More Details
32.8
P/FCFE
P/FCFE
Price to FCFE
32.8
vs History
25
vs Industry
9
Median 3Y
-11.6
Median 5Y
-11.2
Industry
18.2
More Details
3.3
P/B
P/B
Price to Book Value
3.3
vs History
0
vs Industry
31
Median 3Y
1.6
Median 5Y
1.8
Industry
2.1
More Details
6.7
EV/S
EV/S
Enterprise Value to Sales
6.7
vs History
0
vs Industry
42
Median 3Y
3
Median 5Y
3
Industry
2.5
Forward
6
More Details
21.4
EV/GP
EV/GP
Enterprise Value to Gross Profit
21.4
vs History
34
vs Industry
18
Median 3Y
21.1
Median 5Y
18.4
Industry
8.3
More Details
15.8
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
15.8
vs History
7
vs Industry
17
Median 3Y
10.9
Median 5Y
10.5
Industry
12.3
Forward
12.8
More Details
26.4
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
26.4
vs History
41
vs Industry
8
Median 3Y
28
Median 5Y
23.2
Industry
14.9
Forward
18.4
More Details
20.6
EV/OCF
EV/OCF
Enterprise Value to OCF
20.6
vs History
19
vs Industry
15
Median 3Y
15
Median 5Y
13.6
Industry
12.2
More Details
29
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
29
vs History
34
vs Industry
10
Median 3Y
17.5
Median 5Y
24.5
Industry
16.4
More Details
2.8
EV/IC
EV/IC
Enterprise Value to IC
2.8
vs History
0
vs Industry
35
Median 3Y
1.2
Median 5Y
1.4
Industry
1.9
More Details

Multiples Across Competitors

PAAS Competitors Multiples
Pan American Silver Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Pan American Silver Corp
NYSE:PAAS
30B USD 6.7 34.3 15.8 26.4
US
Hecla Mining Co
NYSE:HL
13.2B USD 10.8 66.4 25.6 37.7
CA
Fortuna Silver Mines Inc
TSX:FVI
4.2B CAD 2.8 13.2 4.9 7.7
CA
Endeavour Silver Corp
TSX:EDR
3.9B CAD 8.3 -29.8 52.6 3 800.3
CA
MAG Silver Corp
TSX:MAG
3.6B CAD 20.7 24.9 22.9 23.1
CA
Aya Gold & Silver Inc
TSX:AYA
2.8B CAD 15 829.4 69.3 151.7
CA
Silvercorp Metals Inc
TSX:SVM
2.6B CAD 5.9 75.6 10.9 14.3
CA
First Majestic Silver Corp
TSX:FR
2.3B CAD 2.9 -12.5 19.4 -50.7
US
Gatos Silver Inc
TSX:GATO
1.5B CAD 0 32 -28.9 -28.9
CA
Andean Precious Metals Corp
XTSX:APM
1.3B CAD 4.1 17.1 12 15.5
CA
GoGold Resources Inc
TSX:GGD
1.1B CAD 10.6 44.2 28.5 36
P/E Multiple
Earnings Growth PEG
CA
Pan American Silver Corp
NYSE:PAAS
Average P/E: 126.3
34.3
139%
0.2
US
Hecla Mining Co
NYSE:HL
66.4
141%
0.5
CA
Fortuna Silver Mines Inc
TSX:FVI
13.2
44%
0.3
CA
Endeavour Silver Corp
TSX:EDR
Negative Multiple: -29.8 N/A N/A
CA
MAG Silver Corp
TSX:MAG
24.9
5%
5
CA
Aya Gold & Silver Inc
TSX:AYA
829.4
N/A N/A
CA
Silvercorp Metals Inc
TSX:SVM
75.6
70%
1.1
CA
First Majestic Silver Corp
TSX:FR
Negative Multiple: -12.5 N/A N/A
US
G
Gatos Silver Inc
TSX:GATO
32
55%
0.6
CA
A
Andean Precious Metals Corp
XTSX:APM
17.1
142%
0.1
CA
GoGold Resources Inc
TSX:GGD
44.2
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Pan American Silver Corp
NYSE:PAAS
Average EV/EBITDA: 26.2
15.8
41%
0.4
US
Hecla Mining Co
NYSE:HL
25.6
37%
0.7
CA
Fortuna Silver Mines Inc
TSX:FVI
4.9
15%
0.3
CA
Endeavour Silver Corp
TSX:EDR
52.6
138%
0.4
CA
MAG Silver Corp
TSX:MAG
22.9
4%
5.7
CA
Aya Gold & Silver Inc
TSX:AYA
69.3
N/A N/A
CA
Silvercorp Metals Inc
TSX:SVM
10.9
63%
0.2
CA
First Majestic Silver Corp
TSX:FR
19.4
N/A N/A
US
G
Gatos Silver Inc
TSX:GATO
Negative Multiple: -28.9 N/A N/A
CA
A
Andean Precious Metals Corp
XTSX:APM
12
156%
0.1
CA
GoGold Resources Inc
TSX:GGD
28.5
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Pan American Silver Corp
NYSE:PAAS
Average EV/EBIT: 457
26.4
86%
0.3
US
Hecla Mining Co
NYSE:HL
37.7
80%
0.5
CA
Fortuna Silver Mines Inc
TSX:FVI
7.7
29%
0.3
CA
Endeavour Silver Corp
TSX:EDR
3 800.3
106%
35.9
CA
MAG Silver Corp
TSX:MAG
23.1
N/A N/A
CA
Aya Gold & Silver Inc
TSX:AYA
151.7
N/A N/A
CA
Silvercorp Metals Inc
TSX:SVM
14.3
58%
0.2
CA
First Majestic Silver Corp
TSX:FR
Negative Multiple: -50.7 N/A N/A
US
G
Gatos Silver Inc
TSX:GATO
Negative Multiple: -28.9 N/A N/A
CA
A
Andean Precious Metals Corp
XTSX:APM
15.5
179%
0.1
CA
GoGold Resources Inc
TSX:GGD
36
N/A N/A

See Also

Summary
PAAS intrinsic value, competitors valuation, and company profile.
DCF Valuation
PAAS stock valuation using Discount Cash Flow valuation method.
Relative Valuation
PAAS stock valuation using valuation multiples.
Wall Street Estimates
PAAS price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
PAAS stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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