Wheaton Precious Metals Corp
TSX:WPM

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Wheaton Precious Metals Corp
TSX:WPM
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Price: 112.22 CAD -2.51%
Market Cap: 50.9B CAD

Relative Value

The Relative Value of one WPM stock under the Base Case scenario is 38.95 CAD. Compared to the current market price of 112.22 CAD, Wheaton Precious Metals Corp is Overvalued by 65%.

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.

WPM Relative Value
Base Case
38.95 CAD
Overvaluation 65%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
0
vs Industry
27
Median 3Y
21
Median 5Y
19.3
Industry
1.8
Forward
20.8
vs History
4
vs Industry
3
Median 3Y
35.4
Median 5Y
35.5
Industry
15.7
Forward
38.2
vs History
3
vs Industry
6
Median 3Y
28.7
Median 5Y
26.3
Industry
9.6
vs History
33
vs Industry
3
Median 3Y
41.6
Median 5Y
46
Industry
16.1
vs History
0
vs Industry
13
Median 3Y
3.1
Median 5Y
3.2
Industry
1.5
vs History
0
vs Industry
26
Median 3Y
20.1
Median 5Y
18.7
Industry
2.1
Forward
20.3
vs History
6
vs Industry
8
Median 3Y
36.1
Median 5Y
34.3
Industry
7.1
vs History
0
vs Industry
5
Median 3Y
28.9
Median 5Y
26.6
Industry
10.2
Forward
26.8
vs History
8
vs Industry
4
Median 3Y
40.9
Median 5Y
38.7
Industry
13.2
Forward
36.1
vs History
3
vs Industry
8
Median 3Y
27.5
Median 5Y
25.9
Industry
11
vs History
4
vs Industry
3
Median 3Y
40.1
Median 5Y
31.3
Industry
14.5
vs History
0
vs Industry
15
Median 3Y
3.3
Median 5Y
3.3
Industry
1.3

Multiples Across Competitors

WPM Competitors Multiples
Wheaton Precious Metals Corp Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Wheaton Precious Metals Corp
TSX:WPM
50.9B CAD 28.7 69.7 36.9 49.4
RU
Polyus PJSC
LSE:PLZL
70.4T USD 12 024.3 37 422.2 20 644.7 23 691.2
ZA
Gold Fields Ltd
JSE:GFI
374.4B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
183B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
464B CNY 1.5 12.9 11 11
CA
Agnico Eagle Mines Ltd
TSX:AEM
78.5B CAD 6.4 24.3 10.7 15.1
US
Newmont Corporation
NYSE:NEM
57.4B USD 2.9 11.3 6.4 8.7
CA
Franco-Nevada Corp
TSX:FNV
44.6B CAD 29.1 58.6 32.7 43
CA
Barrick Gold Corp
TSX:ABX
44B CAD 2.5 14.9 5.2 7.5
ZA
DRDGOLD Ltd
JSE:DRD
23.5B Zac 0 0 0 0
ZA
AngloGold Ashanti Ltd
NYSE:AU
20B USD 3.7 21.1 13.4 13.4
P/S Multiple
Revenue Growth P/S to Growth
CA
Wheaton Precious Metals Corp
TSX:WPM
Average P/S: 1 512.4
28.7
15%
1.9
RU
P
Polyus PJSC
LSE:PLZL
12 024.3
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
13%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
11%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
1.5
9%
0.2
CA
Agnico Eagle Mines Ltd
TSX:AEM
6.4
6%
1.1
US
Newmont Corporation
NYSE:NEM
2.9
0%
N/A
CA
Franco-Nevada Corp
TSX:FNV
29.1
7%
4.2
CA
Barrick Gold Corp
TSX:ABX
2.5
8%
0.3
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
11%
N/A
ZA
AngloGold Ashanti Ltd
NYSE:AU
3.7
11%
0.3
P/E Multiple
Earnings Growth PEG
CA
Wheaton Precious Metals Corp
TSX:WPM
Average P/E: 4 704.4
69.7
20%
3.5
RU
P
Polyus PJSC
LSE:PLZL
37 422.2
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
24%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
43%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
12.9
17%
0.8
CA
Agnico Eagle Mines Ltd
TSX:AEM
24.3
9%
2.7
US
Newmont Corporation
NYSE:NEM
11.3
12%
0.9
CA
Franco-Nevada Corp
TSX:FNV
58.6
21%
2.8
CA
Barrick Gold Corp
TSX:ABX
14.9
15%
1
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
29%
N/A
ZA
AngloGold Ashanti Ltd
NYSE:AU
21.1
17%
1.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Wheaton Precious Metals Corp
TSX:WPM
Average EV/EBITDA: 2 595.1
36.9
14%
2.6
RU
P
Polyus PJSC
LSE:PLZL
20 644.7
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
18%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
19%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11
26%
0.4
CA
Agnico Eagle Mines Ltd
TSX:AEM
10.7
4%
2.7
US
Newmont Corporation
NYSE:NEM
6.4
4%
1.6
CA
Franco-Nevada Corp
TSX:FNV
32.7
15%
2.2
CA
Barrick Gold Corp
TSX:ABX
5.2
11%
0.5
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
34%
N/A
ZA
AngloGold Ashanti Ltd
NYSE:AU
13.4
34%
0.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Wheaton Precious Metals Corp
TSX:WPM
Average EV/EBIT: 2 979.9
49.4
9%
5.5
RU
P
Polyus PJSC
LSE:PLZL
23 691.2
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
15%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
16%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11
N/A N/A
CA
Agnico Eagle Mines Ltd
TSX:AEM
15.1
7%
2.2
US
Newmont Corporation
NYSE:NEM
8.7
4%
2.2
CA
Franco-Nevada Corp
TSX:FNV
43
14%
3.1
CA
Barrick Gold Corp
TSX:ABX
7.5
8%
0.9
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
38%
N/A
ZA
AngloGold Ashanti Ltd
NYSE:AU
13.4
8%
1.7