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Pan American Silver Corp
TSX:PAAS

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Pan American Silver Corp
TSX:PAAS
Watchlist
Price: 25.15 CAD -1.64% Market Closed
Updated: May 3, 2024
Section:
 

Relative Value

The Relative Value of one PAAS stock under the Base Case scenario is 35.68 CAD. Compared to the current market price of 25.15 CAD, Pan American Silver Corp is Undervalued by 30%.

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
35.68 CAD
Undervaluation 30%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.9
P/S
P/S
Price to Sales
2.9
vs History
60
vs Industry
43
Median 3Y
3
Median 5Y
3.1
Industry
1.7
Forward
2.6
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
7
Median 3Y
-14.3
Median 5Y
-9.4
Industry
15.6
Forward
38.7
More Details
14.9
P/OCF
P/OCF
Price to OCF
14.9
vs History
50
vs Industry
11
Median 3Y
14
Median 5Y
15.4
Industry
9
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
7
Median 3Y
-15.7
Median 5Y
18.3
Industry
15.5
More Details
1.4
P/B
P/B
Price to Book Value
1.4
vs History
60
vs Industry
41
Median 3Y
1.6
Median 5Y
1.6
Industry
1.5
More Details
3
EV/S
EV/S
Enterprise Value to Sales
3
vs History
50
vs Industry
43
Median 3Y
2.8
Median 5Y
3.1
Industry
2.1
Forward
2.7
More Details
23.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
23.6
vs History
41
vs Industry
13
Median 3Y
18.3
Median 5Y
20.9
Industry
7.4
More Details
11.7
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
11.7
vs History
44
vs Industry
14
Median 3Y
10.2
Median 5Y
11.5
Industry
10.2
Forward
8.8
More Details
60.2
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
60.2
vs History
23
vs Industry
3
Median 3Y
20.9
Median 5Y
29.5
Industry
12.7
Forward
18.2
More Details
15.7
EV/OCF
EV/OCF
Enterprise Value to OCF
15.7
vs History
46
vs Industry
13
Median 3Y
13.4
Median 5Y
15.3
Industry
10.2
More Details
99.1
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
99.1
vs History
0
vs Industry
2
Median 3Y
24.5
Median 5Y
24.5
Industry
12.8
More Details
1.1
EV/IC
EV/IC
Enterprise Value to IC
1.1
vs History
65
vs Industry
45
Median 3Y
1.3
Median 5Y
1.3
Industry
1.3
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
TSX:PAAS
9.2B CAD 2.9 -64.7 11.7 60.2
US
Hecla Mining Co
NYSE:HL
2.9B USD 4.1 -34.7 17.7 109.3
CA
First Majestic Silver Corp
TSX:FR
2.6B CAD 3.4 -14.3 22 -57.4
CA
Fortuna Silver Mines Inc
TSX:FVI
2B CAD 1.7 -28.3 4.4 12.3
CA
MAG Silver Corp
TSX:MAG
1.7B CAD 0 26.2 -93.9 -91.5
CA
Aya Gold & Silver Inc
TSX:AYA
1.6B CAD 28 218 121.8 245.5
US
Gatos Silver Inc
NYSE:GATO
676.1m USD 0 -209.3 -18 -17.9
CA
Endeavour Silver Corp
TSX:EDR
874.8m CAD 3.1 104.5 16.4 70.5
CA
Silvercorp Metals Inc
TSX:SVM
796.7m CAD 2.8 18.8 4.3 6.4
CA
Discovery Silver Corp
XTSX:DSV
467.2m CAD 0 -26.3 -24.7 -24.2
CA
GoGold Resources Inc
TSX:GGD
370.8m CAD 9.5 -56.3 -1 976.2 -67.4
P/E Multiple
Earnings Growth
CA
Pan American Silver Corp
TSX:PAAS
Average P/E: 91.9
Negative Multiple: -64.7 		N/A
US
Hecla Mining Co
NYSE:HL
Negative Multiple: -34.7 N/A
CA
First Majestic Silver Corp
TSX:FR
Negative Multiple: -14.3 N/A
CA
Fortuna Silver Mines Inc
TSX:FVI
Negative Multiple: -28.3 N/A
CA
MAG Silver Corp
TSX:MAG
26.2
27%
CA
Aya Gold & Silver Inc
TSX:AYA
218
551%
US
G
Gatos Silver Inc
NYSE:GATO
Negative Multiple: -209.3
85%
CA
Endeavour Silver Corp
TSX:EDR
104.5
N/A
CA
Silvercorp Metals Inc
TSX:SVM
18.8
157%
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -26.3 N/A
CA
GoGold Resources Inc
TSX:GGD
Negative Multiple: -56.3 N/A
EV/EBITDA Multiple
EBITDA Growth
CA
Pan American Silver Corp
TSX:PAAS
Average EV/EBITDA: 28.3
11.7
65%
US
Hecla Mining Co
NYSE:HL
17.7
78%
CA
First Majestic Silver Corp
TSX:FR
22
251%
CA
Fortuna Silver Mines Inc
TSX:FVI
4.4
-47%
CA
MAG Silver Corp
TSX:MAG
Negative Multiple: -93.9 N/A
CA
Aya Gold & Silver Inc
TSX:AYA
121.8
727%
US
G
Gatos Silver Inc
NYSE:GATO
Negative Multiple: -18 N/A
CA
Endeavour Silver Corp
TSX:EDR
16.4
N/A
CA
Silvercorp Metals Inc
TSX:SVM
4.3
50%
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -24.7 N/A
CA
GoGold Resources Inc
TSX:GGD
Negative Multiple: -1 976.2
5 728%
EV/EBIT Multiple
EBIT Growth
CA
Pan American Silver Corp
TSX:PAAS
Average EV/EBIT: 84
60.2
792%
US
Hecla Mining Co
NYSE:HL
109.3
325%
CA
First Majestic Silver Corp
TSX:FR
Negative Multiple: -57.4 N/A
CA
Fortuna Silver Mines Inc
TSX:FVI
12.3
-23%
CA
MAG Silver Corp
TSX:MAG
Negative Multiple: -91.5 N/A
CA
Aya Gold & Silver Inc
TSX:AYA
245.5
N/A
US
G
Gatos Silver Inc
NYSE:GATO
Negative Multiple: -17.9 N/A
CA
Endeavour Silver Corp
TSX:EDR
70.5
N/A
CA
Silvercorp Metals Inc
TSX:SVM
6.4
77%
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -24.2 N/A
CA
GoGold Resources Inc
TSX:GGD
Negative Multiple: -67.4 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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