PAAS vs. VALE: Pan American Silver vs. Vale Stock Comparison
How do Pan American Silver (PAAS) and Vale (VALE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Pan American Silver (PAAS) and Vale (VALE) both belong to the Metals & Mining industry, though PAAS is classified under Silver while VALE falls under Steel.
Pan American Silver (PAAS) trades as ordinary local shares, while Vale (VALE) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | PAAS | VALE |
|---|---|---|
| Name | Pan American Silver Corp. | Vale S.A. American Depositary Shares |
| Country/Region | Canada | Brazil |
| GICS Sector | Materials | Materials |
| GICS Industry Group | Materials | Materials |
| GICS Industry | Metals & Mining | Metals & Mining |
| GICS Sub-Industry | Silver | Steel |
| Market Capitalization | 16.98 billion USD | 49.32 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | June 12, 1995 | March 21, 2002 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | PAAS | VALE |
|---|---|---|
| Total Return (1Y) | 22.43% | 6.20% |
| Total Return (3Y, Annualized) | 47.84% | 3.12% |
| Total Return (5Y, Annualized) | 11.59% | 8.31% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | PAAS | VALE |
|---|---|---|
| Volatility (1Y, Annualized) | 58.13% | 33.88% |
| Beta (5Y) | 0.72 | 0.48 |
| Max Drawdown (5Y) | -57.39% | -49.81% |
| Avg. Volume (3M) | 4.31M | 32.62M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | PAAS | VALE |
|---|---|---|
| Sharpe Ratio (1Y) | 0.31 | 0.06 |
| Sortino Ratio (1Y) | 0.45 | 0.08 |
Profitability
ROE (TTM)
Pan American Silver (PAAS) at 22.39% sits in the top ROE quartile, while Vale (VALE) at 0.26% is closer to the peer norm — stronger capital efficiency for PAAS.
PAAS
Materials industry group
22.39%
- Max
- 52.88%
- PAAS
- 22.39%
- Q3
- 19.49%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
VALE
Materials industry group
0.26%
- Max
- 52.88%
- Q3
- 19.49%
- Median
- 8.76%
- VALE
- 0.26%
- Q1
- -3.41%
- Min
- -32.81%
Net Margin (TTM)
Pan American Silver (PAAS) at 35.16% retains a top-quartile share of revenue as profit, ahead of Vale (VALE) at 1.01%, which keeps about the industry-typical share.
PAAS
Materials industry group
35.16%
- Max
- 38.66%
- PAAS
- 35.16%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
VALE
Materials industry group
1.01%
- Max
- 38.66%
- Q3
- 15.98%
- Median
- 5.28%
- VALE
- 1.01%
- Q1
- 0.00%
- Min
- -20.40%
Operating Margin (TTM)
Pan American Silver (PAAS) at 34.29% operates in the top operating margin quartile, ahead of Vale (VALE) at 19.31%, which runs around its industry’s norm.
PAAS
Materials industry group
34.29%
- Max
- 66.70%
- PAAS
- 34.29%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
VALE
Materials industry group
19.31%
- Max
- 66.70%
- Q3
- 28.92%
- VALE
- 19.31%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
Profitability Metrics
| Metric | PAAS | VALE |
|---|---|---|
| ROE (TTM) | 22.39% | 0.26% |
| ROA (TTM) | 11.27% | 6.97% |
| Net Margin (TTM) | 35.16% | 1.01% |
| Operating Margin (TTM) | 34.29% | 19.31% |
| Gross Margin (TTM) | 55.17% | 32.06% |
Growth
Revenue Growth
Both Pan American Silver (PAAS) at 28.38% and Vale (VALE) at 0.91% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Pan American Silver (PAAS) at 725.81% clears its industry range for EPS growth, a much stronger earnings trajectory than Vale (VALE) at -61.81%, which is closer to a typical peer reading.
Growth Metrics
| Metric | PAAS | VALE |
|---|---|---|
| Revenue Growth (YoY) | 28.38% | 0.91% |
| Revenue Growth (3Y CAGR) | 34.28% | -4.32% |
| EPS Growth (YoY) | 725.81% | -61.81% |
| EPS Growth (3Y CAGR) | -- | -48.60% |
Financial Strength
Current Ratio (MRQ)
Pan American Silver (PAAS) at 2.72 keeps current ratio within its industry’s typical mid-range, while Vale (VALE) at 1.10 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for VALE.
PAAS
Materials industry group
2.72
- Max
- 5.96
- Q3
- 3.30
- PAAS
- 2.72
- Median
- 2.24
- Q1
- 1.45
- Min
- 0.16
VALE
Materials industry group
1.10
- Max
- 5.96
- Q3
- 3.30
- Median
- 2.24
- Q1
- 1.45
- VALE
- 1.10
- Min
- 0.16
Debt / Equity (MRQ)
Pan American Silver (PAAS) at 0.11 keeps leverage in the lower industry quartile, while Vale (VALE) at 0.55 runs a more typical debt-to-equity mix.
PAAS
Materials industry group
0.11
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- Q1
- 0.13
- PAAS
- 0.11
- Min
- 0.00
VALE
Materials industry group
0.55
- Max
- 1.98
- Q3
- 0.89
- VALE
- 0.55
- Median
- 0.47
- Q1
- 0.13
- Min
- 0.00
Financial Strength Metrics
| Metric | PAAS | VALE |
|---|---|---|
| Current Ratio (MRQ) | 2.72 | 1.10 |
| Debt / Equity (MRQ) | 0.11 | 0.55 |
| Net Debt / EBITDA | -0.39 | 1.20 |
Dividends
Dividend Yield (TTM)
Pan American Silver (PAAS) at 1.69% pays an industry-typical yield; Vale (VALE) at 49.02% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.
PAAS
Materials industry group
1.69%
- Max
- 4.52%
- Q3
- 1.85%
- PAAS
- 1.69%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
VALE
Materials industry group
49.02%
- VALE
- 49.02%
- Max
- 4.52%
- Q3
- 1.85%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Vale (VALE) reports payout ratio above 100% at 526.96%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Pan American Silver (PAAS) reports 18.00%, ranking against industry peers normally.
PAAS
Materials industry group
18.00%
- Max
- 83.62%
- Q3
- 41.37%
- PAAS
- 18.00%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
VALE
Materials industry group
526.96%
- VALE
- 526.96%
- Max
- 83.62%
- Q3
- 41.37%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | PAAS | VALE |
|---|---|---|
| Dividend Yield (TTM) | 1.69% | 49.02% |
| Dividend Payout Ratio (TTM) | 18.00% | 526.96% |
Valuation
P/E Ratio (TTM)
Pan American Silver (PAAS) at 10.83 sits in the cheaper P/E ratio quartile, while Vale (VALE) at 72.44 trades above its peer range — a wide earnings-valuation gap relative to industry peers.
PAAS
Materials industry group
10.83
- Max
- 59.00
- Q3
- 32.93
- Median
- 18.82
- Q1
- 11.96
- PAAS
- 10.83
- Min
- 3.93
VALE
Materials industry group
72.44
- VALE
- 72.44
- Max
- 59.00
- Q3
- 32.93
- Median
- 18.82
- Q1
- 11.96
- Min
- 3.93
P/S Ratio (TTM)
Vale (VALE) at 0.23 sits in the cheaper P/S ratio quartile while Pan American Silver (PAAS) at 3.80 prices around its industry’s middle — VALE costs less per dollar of sales, though read it alongside growth and margins.
PAAS
Materials industry group
3.80
- Max
- 9.62
- Q3
- 4.34
- PAAS
- 3.80
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
VALE
Materials industry group
0.23
- Max
- 9.62
- Q3
- 4.34
- Median
- 1.87
- Q1
- 0.73
- VALE
- 0.23
- Min
- 0.00
P/B Ratio (MRQ)
On P/B ratio, both Pan American Silver (PAAS) at 2.29 and Vale (VALE) at 1.27 are valued close to their industries’ norm against book — neither stands out from peers.
PAAS
Materials industry group
2.29
- Max
- 6.59
- Q3
- 3.55
- PAAS
- 2.29
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
VALE
Materials industry group
1.27
- Max
- 6.59
- Q3
- 3.55
- Median
- 2.08
- VALE
- 1.27
- Q1
- 1.26
- Min
- -0.17
Valuation Metrics
| Metric | PAAS | VALE |
|---|---|---|
| P/E Ratio (TTM) | 10.83 | 72.44 |
| P/S Ratio (TTM) | 3.80 | 0.23 |
| P/B Ratio (MRQ) | 2.29 | 1.27 |
| Free Cash Flow Yield (TTM) | 8.01% | 17.51% |