Valuation Pan American Silver Corp.

Equities

Market Closed - Toronto S.E. Other stock markets 21:00:00 10/02/2026 GMT			5-day change	1st Jan Change
80.41 ^CAD	+0.50%		+9.82%	+13.00%

02-05	Steep pullback in precious metals bruises TSX	RE
02-05	Pan American Silver, Peers Lower After Silver Prices Slump	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	7,241	5,245	3,440	5,969	7,366	24,945	24,945	-
Change	-	-27.57%	-34.41%	73.5%	23.4%	238.67%	0%	-
Enterprise Value (EV) ¹	6,996	4,956	3,525	6,330	7,212	24,363	23,318	21,848
Change	-	-29.16%	-28.87%	79.57%	13.93%	237.83%	-4.29%	-6.3%
P/E ratio	40.5x	54.2x	-10.1x	-51.2x	65.2x	25.6x	16.2x	14.9x
PBR	2.78x	-	-	-	-	-	-	-
PEG	-	-1.2x	0x	0.6x	-0x	0x	0.3x	1.75x
Capitalization / Revenue	5.41x	3.21x	2.3x	2.58x	2.61x	7.03x	5.53x	5.37x
EV / Revenue	5.23x	3.04x	2.36x	2.73x	2.56x	6.86x	5.17x	4.7x
EV / EBITDA	13.2x	8.35x	11.1x	10.2x	7.15x	14.3x	8.72x	7.84x
EV / EBIT	25.3x	17.1x	-80x	45.7x	16.5x	20x	11.8x	10.5x
EV / FCF	24.7x	33.3x	-14.5x	88.9x	18x	22.4x	14.1x	12x
FCF Yield	4.06%	3%	-6.89%	1.12%	5.56%	4.46%	7.09%	8.32%
Dividend per Share ²	0.22	0.34	0.45	0.4	0.4	0.5667	0.5867	-
Rate of return	0.64%	1.36%	2.76%	2.44%	1.98%	0.95%	0.99%	-
EPS ²	0.85	0.46	-1.62	-0.32	0.31	2.32	3.672	3.985
Distribution rate	25.9%	73.9%	-27.8%	-125%	129%	24.4%	16%	-
Net sales ¹	1,339	1,633	1,495	2,316	2,819	3,549	4,509	4,646
EBITDA ¹	530.7	593.2	317.1	622.8	1,008	1,706	2,675	2,786
EBIT ¹	276.3	290.2	-44.07	138.6	436.3	1,218	1,982	2,082
Net income ¹	177.9	97.43	-341.7	-104.9	111.5	885.8	1,550	1,682
Net Debt ¹	-245.5	-289.4	84.49	360.7	-154	-581.7	-1,626	-3,096
Reference price ²	34.45	24.94	16.33	16.38	20.21	59.40	59.40	59.40
Nbr of stocks (in thousands)	210,174	210,313	210,688	364,439	364,440	422,047	422,047	-
Announcement Date	17/02/21	23/02/22	22/02/23	22/02/24	19/02/25	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
PAN AMERICAN SILVER CORP.	25.41x	6.85x	14.24x	0.96%	24.88B
BHP GROUP LIMITED	13.48x	3.46x	6.1x	3.91%	179B
RIO TINTO PLC	15.08x	3.14x	7.12x	4.08%	163B
GRUPO MÉXICO, S.A.B. DE C.V.	20.84x	5.26x	9.59x	2.48%	94.89B
GLENCORE PLC	79.68x	0.5x	8.87x	1.44%	80.18B
SAUDI ARABIAN MINING COMPANY (MAADEN)	35.65x	8.01x	19.42x	-.--%	75.49B
ANGLO AMERICAN PLC	-46.46x	3.21x	9.71x	0.47%	52.31B
FRESNILLO PLC	33.89x	8.63x	14.54x	1.99%	39.06B
VEDANTA LIMITED	13.15x	1.96x	6.01x	5.2%	29.27B
HINDUSTAN ZINC LIMITED	20.46x	6.81x	12.49x	3.55%	29.29B
Average	21.12x	4.78x	10.81x	2.41%	76.74B
Weighted average by Cap.	21.42x	4.18x	9.53x	2.73%