Stock AnalizPan American Silver Corp. PAAS
Precious Metals · data as of November 13, 2026
Pan American Silver Corp. (PAAS) is a materials company listed in the US with a market value of about $15.5B. In the twelve months to September 30, 2026 it had revenue of $4.5B and net income of $1.6B, a net margin of 35.2%.
Its overall Stock Analiz score is 3.4 out of 5 (good). The strongest part is financial health (5/5); the weakest is track record (2/5).
Key numbers: a P/E of 10.0, a price to free cash flow of 11.6, 5-year revenue growth of 22% a year, a 5-year average ROIC of 4%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 26% below the current price.
Score: 3.4 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- Strong R&D investment or growth above 20%
Checks not passed
- Price below intrinsic value (DCF, moderate assumptions)
- 3-year free cash flow growth above 10% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
- ROE above 15%
- Share count down over 3 years (buybacks)
- 20% to 100% of free cash flow returned to shareholders
- Stock-based pay below 5% of revenue
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5B | $3.6B | $2.8B | $2.3B | $1.5B | $1.6B | $1.3B | $1.4B | $784M | $817M | $775M |
| Net income | $1.6B | $980M | $113M | -$105M | -$340M | $99M | $176M | $111M | $12M | $123M | $102M |
| Free cash flow | $1.3B | $1.0B | $401M | $71M | -$243M | $149M | $284M | $76M | $11M | $82M | $12M |
| EPS (diluted) | $3.74 | $2.38 | $0.27 | $-0.25 | $-0.82 | $0.24 | $0.43 | $0.27 | $0.03 | $0.30 | $0.25 |
| Net margin | 35.2% | 27.1% | 4.0% | -4.5% | -22.8% | 6.0% | 13.2% | 8.2% | 1.5% | 15.1% | 13.1% |
| ROIC | — | 12.7% | 7.8% | 0.5% | -8.7% | 9.6% | 5.7% | 2.8% | 2.2% | 8.4% | 7.4% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 7 analysts is $59.17, 58% above the current price; targets range from $45.00 to $80.00; the consensus rating is “Buy”; expected EPS is $3.23 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Pan American Silver’s P/E ratio?
About 10.0, based on the last twelve months of diluted earnings per share (forward P/E about 9.4).
Is Pan American Silver stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 26% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Pan American Silver pay a dividend?
Yes. The dividend yield is about 1.88%, and it has paid dividends for 10 years in our data.
Is Pan American Silver a good stock to buy?
We do not give buy or sell advice. Pan American Silver scores 3.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.