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Wheaton Precious Metals (TSX:WPM) Piotroski F-Score : 7 (As of Mar. 04, 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: 2   Med: 5   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Wheaton Precious Metals was 9. The lowest was 2. 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 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 8.00 8.00 5.00 4.00

Wheaton Precious Metals Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5.00 4.00 4.00 6.00 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.


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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 225.972 + 222.046 + 167.635 + 209.469 = C$825 Mil.
Cash Flow from Operations was 324.969 + 296.953 + 321.236 + 344.525 = C$1,288 Mil.
Revenue was 420.554 + 401.757 + 409.867 + 417.56 = C$1,650 Mil.
Gross Profit was 237.715 + 232.244 + 255.176 + 267.416 = C$993 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(9311.378 + 9433.038 + 9719.464 + 9932.126 + 10005.318) / 5 = C$9680.2648 Mil.
Total Assets at the begining of this year (Sep23) was C$9,311 Mil.
Long-Term Debt & Capital Lease Obligation was C$7 Mil.
Total Current Assets was C$962 Mil.
Total Current Liabilities was C$37 Mil.
Net Income was 225.681 + 152.416 + 187.928 + 157.462 = C$723 Mil.

Revenue was 320.675 + 293.452 + 352.042 + 301.927 = C$1,268 Mil.
Gross Profit was 164.624 + 160.777 + 201.756 + 171.7 = C$699 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(8787.193 + 9183.332 + 9448.767 + 9140.642 + 9311.378) / 5 = C$9174.2624 Mil.
Total Assets at the begining of last year (Sep22) was C$8,787 Mil.
Long-Term Debt & Capital Lease Obligation was C$8 Mil.
Total Current Assets was C$1,159 Mil.
Total Current Liabilities was C$30 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 825. ==> 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 1,288. ==> 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 (Sep23)
=825.122/9311.378
=0.08861438

ROA (Last Year)=Net Income/Total Assets (Sep22)
=723.487/8787.193
=0.08233426

Wheaton Precious Metals's return on assets of this year was 0.08861438. Wheaton Precious Metals's return on assets of last year was 0.08233426. ==> This year is higher. ==> Score 1.

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 825. Wheaton Precious Metals's current Cash Flow from Operations (TTM) was 1,288. ==> 1,288 > 825 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=7.234/9680.2648
=0.00074729

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=7.65/9174.2624
=0.00083385

Wheaton Precious Metals's gearing of this year was 0.00074729. Wheaton Precious Metals's gearing of last year was 0.00083385. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=961.563/37.403
=25.70817849

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=1158.515/29.759
=38.92990356

Wheaton Precious Metals's current ratio of this year was 25.70817849. Wheaton Precious Metals's current ratio of last year was 38.92990356. ==> Last year's current ratio is higher ==> Score 0.

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 454.302. Wheaton Precious Metals's number of shares in issue last year was 453.538. ==> 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
=992.551/1649.738
=0.60164159

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=698.857/1268.096
=0.55110733

Wheaton Precious Metals's gross margin of this year was 0.60164159. Wheaton Precious Metals's gross margin of last year was 0.55110733. ==> 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 (Sep23)
=1649.738/9311.378
=0.17717442

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=1268.096/8787.193
=0.14431184

Wheaton Precious Metals's asset turnover of this year was 0.17717442. Wheaton Precious Metals's asset turnover of last year was 0.14431184. ==> 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+1+1+1+0+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

Traded in Other Exchanges
Address
1021 West Hastings Street, Suite 3500, Vancouver, BC, CAN, V6E 0C3
Wheaton Precious Metals Corp is a precious metal streaming company. The company has entered into over 20 long-term purchase agreements with 17 different mining companies, for the purchase of precious metals and cobalt. It has streaming agreements covering approximately 19 operating mines and 9 development stage projects. The company's projects include Vale's Salobo mine and silver streams on Glencore's Antamina mine and Goldcorp's Penasquito mine.
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