# Wheaton Precious Metals Corp (WPM.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$214.42, market value C$97.4 billion.

## Valuation
- **P/E (trailing): 34.4×** (5-yr avg 47.3×, 3-yr avg 57.0×). Wheaton Precious Metals Corp trades at 34.4× trailing earnings, well below its own five-year average of 47.3×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 30.6×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.17**. A PEG of 0.17 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 22.3×**. Each dollar of revenue is priced at 22.3×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 7.3×**. The shares trade at 7.3× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 25.2×**. Enterprise value is 25.2× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -4.1%** (5-yr avg 1.3%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 2.9%**. The inverse of the P/E: 2.9% of the price is earned each year.

## Profitability
- **Gross margin: 77.3%**. Wheaton Precious Metals Corp keeps 77.3% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 72.8%**. 72.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 63.6%**. 63.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 17.3%**. 17.3% on shareholders' equity is solid.
- **Return on invested capital: 26.2%**. Return on all capital, debt included, is 26.2%: comfortably above what that capital costs.
- **Return on assets: 22.4%**. Each dollar of assets produces 22.4% of profit.

## Growth
- **Revenue growth (1 yr): 83.3%** (3-yr 30.3%/yr, 5-yr 16.5%/yr). Revenue grew 83.3% over the last year, against 16.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 181.2%** (3-yr 30.5%/yr, 5-yr 23.8%/yr). Earnings per share rose 181.2%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -7.4%/yr**. Free cash flow has compounded at -7.4% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Wheaton Precious Metals Corp holds more cash than debt.
- **Interest coverage: 66.5×**. Operating profit covers interest 66.5× over, a safe margin.
- **Current ratio: 7.78** (quick 7.78). Current assets cover the next year's liabilities 7.78 times.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.51%** (C$1.08 per share, trailing). Wheaton Precious Metals Corp yields 0.51%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 20%**. 20% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 10**. 10 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 10.1%/yr** (1-yr 9.1%). The dividend has compounded at 10.1% a year over five years, doubling roughly every 7 years at that pace.

## Analyst view
- **Analyst consensus: strong_buy** (7 analysts). 7 analysts cover Wheaton Precious Metals Corp; the consensus is strong_buy, with an average price target of C$237.49 (+11% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 51.7%** (YTD 33.3%, 3-mo 32.4%). The shares are up 51.7% over twelve months including dividends.
- **From 52-week high: -5.4%** (65.3% above the low). Trading 5% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 62**. An RSI of 62 is neutral.
- **Beta (1 yr): 2.72** (volatility 50%). Beta of 2.72 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=WPM.TO · Page: https://foliofundamentals.com/stocks/wpm.to

Not investment advice.