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Wheaton Precious Metals (TSX:WPM) Piotroski F-Score : 7 (As of Mar. 26, 2025)


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What is Wheaton Precious Metals Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Wheaton Precious Metals has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Wheaton Precious Metals's Piotroski F-Score or its related term are showing as below:

TSX:WPM' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Wheaton Precious Metals was 8. The lowest was 3. And the median was 5.


Wheaton Precious Metals Piotroski F-Score Historical Data

The historical data trend for Wheaton Precious Metals's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Wheaton Precious Metals Piotroski F-Score Chart

Wheaton Precious Metals Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 8.00 5.00 4.00 7.00

Wheaton Precious Metals Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 4.00 6.00 7.00 7.00

Competitive Comparison of Wheaton Precious Metals's Piotroski F-Score

For the Gold subindustry, Wheaton Precious Metals's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Wheaton Precious Metals's Piotroski F-Score Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Wheaton Precious Metals's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Wheaton Precious Metals's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 222.046 + 167.635 + 209.469 + 125.583 = C$725 Mil.
Cash Flow from Operations was 296.953 + 321.236 + 344.525 + 455.15 = C$1,418 Mil.
Revenue was 401.757 + 409.867 + 417.56 + 542.121 = C$1,771 Mil.
Gross Profit was 232.244 + 255.176 + 267.416 + 352.481 = C$1,107 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(9433.038 + 9719.464 + 9932.126 + 10005.318 + 10577.624) / 5 = C$9933.514 Mil.
Total Assets at the begining of this year (Dec23) was C$9,433 Mil.
Long-Term Debt & Capital Lease Obligation was C$7 Mil.
Total Current Assets was C$1,180 Mil.
Total Current Liabilities was C$42 Mil.
Net Income was 152.416 + 187.928 + 157.462 + 225.972 = C$724 Mil.

Revenue was 293.452 + 352.042 + 301.927 + 420.554 = C$1,368 Mil.
Gross Profit was 160.777 + 201.756 + 171.7 + 237.715 = C$772 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(9183.332 + 9448.767 + 9140.642 + 9311.378 + 9433.038) / 5 = C$9303.4314 Mil.
Total Assets at the begining of last year (Dec22) was C$9,183 Mil.
Long-Term Debt & Capital Lease Obligation was C$8 Mil.
Total Current Assets was C$761 Mil.
Total Current Liabilities was C$35 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Wheaton Precious Metals's current Net Income (TTM) was 725. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Wheaton Precious Metals's current Cash Flow from Operations (TTM) was 1,418. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec23)
=724.733/9433.038
=0.07682923

ROA (Last Year)=Net Income/Total Assets (Dec22)
=723.778/9183.332
=0.07881431

Wheaton Precious Metals's return on assets of this year was 0.07682923. Wheaton Precious Metals's return on assets of last year was 0.07881431. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Wheaton Precious Metals's current Net Income (TTM) was 725. Wheaton Precious Metals's current Cash Flow from Operations (TTM) was 1,418. ==> 1,418 > 725 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=6.994/9933.514
=0.00070408

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=7.546/9303.4314
=0.0008111

Wheaton Precious Metals's gearing of this year was 0.00070408. Wheaton Precious Metals's gearing of last year was 0.0008111. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec24)=Total Current Assets/Total Current Liabilities
=1179.766/42.034
=28.06694581

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=761.239/34.982
=21.76087702

Wheaton Precious Metals's current ratio of this year was 28.06694581. Wheaton Precious Metals's current ratio of last year was 21.76087702. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Wheaton Precious Metals's number of shares in issue this year was 454.365. Wheaton Precious Metals's number of shares in issue last year was 453.595. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1107.317/1771.305
=0.62514192

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=771.948/1367.975
=0.56429979

Wheaton Precious Metals's gross margin of this year was 0.62514192. Wheaton Precious Metals's gross margin of last year was 0.56429979. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=1771.305/9433.038
=0.18777673

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1367.975/9183.332
=0.14896282

Wheaton Precious Metals's asset turnover of this year was 0.18777673. Wheaton Precious Metals's asset turnover of last year was 0.14896282. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+1+0+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Wheaton Precious Metals has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Wheaton Precious Metals  (TSX:WPM) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Wheaton Precious Metals Piotroski F-Score Related Terms

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Wheaton Precious Metals Business Description

Address
1021 West Hastings Street, Suite 3500, Vancouver, BC, CAN, V6E 0C3
Wheaton Precious Metals Corp is a precious metal streaming company. The company metal streaming company which generates its revenue primarily from the sale of precious metals (gold, silver and palladium) and cobalt. Its reportable segment includes: Gold, Silver, Palladium, Platinum, Cobalt, and Other.
Executives
Randy Smallwood Senior Officer
Robert Peter Charles Gillin Director
Curzio Domenico Bernardi Senior Officer
Haytham Henry Hodaly Senior Officer
Patrick Eugene Drouin Senior Officer
Bradley William Carpenter Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Anne Storie Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Marilyn Joy Schonberner Director
Bill Koutsouras Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Glenn Antony Ives Director
Gary Duncan Brown Senior Officer
Nikola Tatarkin Senior Officer
Chantal Gosselin Director
John Brough Director
Eduardo Luna Director