Intrinsiqq
Pan American Silver Corp. logoPan American Silver Corp.PAAS
$43.65-1.45%
Pan American Silver Corp. logo

Pan American Silver Corp.

PAAS

$43.65

-$0.64 (-1.45%)

⊜ Compare
ProfitabilityStrong marginsGrowthAcceleratingCash FlowN/AValuationAttractively priced
What stands out

31.45% operating margin is above average. ROIC at 13.47%.

What's changing

Revenue up 28.4% YoY with margins expanding 19.0pp.

What deserves caution

Even for strong businesses, today's 13x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.

Valuation context

13.2x earnings, 18.0x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.

Price History

+23.2%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$18.35B
EPS$3.31
P/E13.19
P/FCF18.01
EV/EBITDA8.21
FCF Yield5.6%
Div. Yield0.83%
Net Debt/FCF—
52-Week Range
$33.20$68.70

Profitability & Returns

Revenue (TTM)

$4.31B

▲ +28.4% YoY

Net Income (TTM)

$1.38B

▲ +769.6% YoY

Op. Margin

39.21%

▲ +19.0pp YoY

ROIC

13.47%

▲ +10.3pp YoY

Cash Flow & Balance Sheet

FCF (FY)

$1.02B

▲ +154.2% YoY

Op. Cash Flow (TTM)

$1.69B

▲ +37.2% YoY

Net Debt

-$467M

Net Cash Position

Cash & Equiv.

$1.32B

3Y CAGR: +34.3%

Continue Research

Is Pan American Silver (PAAS) overvalued?

At a P/E of 13.2 and a price-to-free-cash-flow of 18.0, Pan American Silver (PAAS) trades below a two-stage DCF intrinsic value of about $123.48 per share, so at $43.65 the stock looks undervalued (182.9% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.

On quality, Pan American Silver scores 84/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.8%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.

Frequently asked

What is Pan American Silver's fair value?+

Intrinsiqq's two-stage DCF estimates an intrinsic value of about $123.48 per share for PAAS, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $92.61. At today's $43.65, that puts the stock about 182.9% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.

Is Pan American Silver a high-quality business?+

Pan American Silver scores 84 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 39.2% operating margin and a 13.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.

Does Pan American Silver (PAAS) pay a dividend, and how much?+

Yes, Pan American Silver pays a regular dividend of about $0.36 per share per year (typically in quarterly installments), a yield of roughly 0.8% at the current price. That is a payout ratio of about 11.0% of earnings, so the dividend is amply covered by earnings. Pan American Silver has grown the dividend at roughly 10.4% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For PAAS's full payout history, growth streak and dividend-safety score, see the dividends tab.

Is Pan American Silver a good stock to buy right now?+

That depends on valuation and quality together, not either alone. PAAS currently trades below its estimated intrinsic value and scores 84/100 on quality (high-quality). It also yields about 0.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.

Related stocks: Gold

Spot a number that looks wrong?

Download this analysis as a PDF (Pro)

Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

2 of 2 free stocks used today

Keep analysing PAAS

Create a free account and get 14 days of Premium: every stock and every tool.

  • Unlimited stocks
  • Stock screener
  • Portfolio tracker
  • Editable DCF
  • Compare side by side
  • Unlimited alerts

No card. Moves to Free after, unless you upgrade.

Already have an account?

Or come back tomorrow. Stocks on your watchlist are always free to view.

SectorsPrivacyTerms© 2026 Intrinsiqq

Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.