Wheaton Precious Metals Corp
Wheaton Precious Metals Corp. sells precious metals in North America, Europe, Africa, and South America. The company primarily produces and sells gold, silver, palladium, Platinum, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in V… Read more
Wheaton Precious Metals Corp (WPM) - Net Assets
Latest net assets as of September 2025: $8.09 Billion USD
Based on the latest financial reports, Wheaton Precious Metals Corp (WPM) has net assets worth $8.09 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.42 Billion) and total liabilities ($326.76 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $8.09 Billion |
| % of Total Assets | 96.12% |
| Annual Growth Rate | 43.81% |
| 5-Year Change | 27.03% |
| 10-Year Change | 74.89% |
| Growth Volatility | 6991.47 |
Wheaton Precious Metals Corp - Net Assets Trend (1998–2024)
This chart illustrates how Wheaton Precious Metals Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wheaton Precious Metals Corp (1998–2024)
The table below shows the annual net assets of Wheaton Precious Metals Corp from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $7.26 Billion | +3.92% |
| 2023-12-31 | $6.99 Billion | +3.99% |
| 2022-12-31 | $6.72 Billion | +7.48% |
| 2021-12-31 | $6.25 Billion | +9.37% |
| 2020-12-31 | $5.71 Billion | +7.30% |
| 2019-12-31 | $5.33 Billion | +2.98% |
| 2018-12-31 | $5.17 Billion | +5.56% |
| 2017-12-31 | $4.90 Billion | -0.82% |
| 2016-12-31 | $4.94 Billion | +19.01% |
| 2015-12-31 | $4.15 Billion | +14.39% |
| 2014-12-31 | $3.63 Billion | +7.79% |
| 2013-12-31 | $3.37 Billion | +8.35% |
| 2012-12-31 | $3.11 Billion | +17.06% |
| 2011-12-31 | $2.65 Billion | +17.34% |
| 2010-12-31 | $2.26 Billion | +31.21% |
| 2009-12-31 | $1.72 Billion | +94.13% |
| 2008-12-31 | $888.02 Million | +13.52% |
| 2007-12-31 | $782.23 Million | +21.93% |
| 2006-12-31 | $641.54 Million | +142.83% |
| 2005-12-31 | $264.19 Million | +71.07% |
| 2004-12-31 | $154.43 Million | +36374.11% |
| 2003-12-31 | $423.40K | -7.17% |
| 2002-12-31 | $456.09K | -21.42% |
| 2001-12-31 | $580.42K | -6.16% |
| 2000-12-31 | $618.52K | +2.57% |
| 1999-12-31 | $603.02K | +5.19% |
| 1998-12-31 | $573.25K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wheaton Precious Metals Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 352477400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.52 Billion | 48.55% |
| Common Stock | $3.80 Billion | 52.32% |
| Other Comprehensive Income | $-63.50 Million | -0.87% |
| Total Equity | $7.26 Billion | 100.00% |
Wheaton Precious Metals Corp Competitors by Market Cap
The table below lists competitors of Wheaton Precious Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Valero Energy Corporation
NYSE:VLO
|
$62.18 Billion |
|
Air Products and Chemicals Inc
NYSE:APD
|
$62.29 Billion |
|
Cencora Inc.
NYSE:COR
|
$62.31 Billion |
|
Tokio Marine Holdings Inc
PINK:TKOMY
|
$62.70 Billion |
|
ENEL Societa per Azioni
PINK:ENLAY
|
$61.90 Billion |
|
Motorola Solutions Inc
NYSE:MSI
|
$61.87 Billion |
|
Energy Transfer LP
NYSE:ET
|
$61.61 Billion |
|
Petroleo Brasileiro S.A.
MC:XPBRA
|
$61.45 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wheaton Precious Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,985,516,000 to 7,259,379,000, a change of 273,863,000 (3.9%).
- Net income of 529,140,000 contributed positively to equity growth.
- Dividend payments of 279,050,000 reduced retained earnings.
- Share repurchases of 13,192,000 reduced equity.
- Other comprehensive income decreased equity by 23,412,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $529.14 Million | +7.29% |
| Dividends Paid | $279.05 Million | -3.84% |
| Share Repurchases | $13.19 Million | -0.18% |
| Other Comprehensive Income | $-23.41 Million | -0.32% |
| Other Changes | $60.38 Million | +0.83% |
| Total Change | $- | 3.92% |
Book Value vs Market Value Analysis
This analysis compares Wheaton Precious Metals Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.58x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 411.63x to 8.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $0.33 | $137.19 | x |
| 1999-12-31 | $0.35 | $137.19 | x |
| 2000-12-31 | $0.36 | $137.19 | x |
| 2001-12-31 | $0.34 | $137.19 | x |
| 2002-12-31 | $0.27 | $137.19 | x |
| 2003-12-31 | $0.25 | $137.19 | x |
| 2004-12-31 | $0.92 | $137.19 | x |
| 2005-12-31 | $1.57 | $137.19 | x |
| 2006-12-31 | $2.76 | $137.19 | x |
| 2007-12-31 | $3.17 | $137.19 | x |
| 2008-12-31 | $3.56 | $137.19 | x |
| 2009-12-31 | $5.57 | $137.19 | x |
| 2010-12-31 | $6.45 | $137.19 | x |
| 2011-12-31 | $7.46 | $137.19 | x |
| 2012-12-31 | $8.73 | $137.19 | x |
| 2013-12-31 | $9.44 | $137.19 | x |
| 2014-12-31 | $10.09 | $137.19 | x |
| 2015-12-31 | $10.48 | $137.19 | x |
| 2016-12-31 | $11.47 | $137.19 | x |
| 2017-12-31 | $11.07 | $137.19 | x |
| 2018-12-31 | $11.65 | $137.19 | x |
| 2019-12-31 | $11.92 | $137.19 | x |
| 2020-12-31 | $12.70 | $137.19 | x |
| 2021-12-31 | $13.85 | $137.19 | x |
| 2022-12-31 | $14.85 | $137.19 | x |
| 2023-12-31 | $15.40 | $137.19 | x |
| 2024-12-31 | $15.99 | $137.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wheaton Precious Metals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.29%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 41.19%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 1.02x
- Recent ROE (7.29%) is above the historical average (6.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 1.07% | 0.96% | 1.00x | 1.11x | $-55.26K |
| 2001 | -1.20% | -1.21% | 0.92x | 1.08x | $-65.01K |
| 2002 | -26.53% | -21.51% | 1.14x | 1.08x | $-166.63K |
| 2003 | 12.99% | 7.59% | 1.40x | 1.22x | $12.68K |
| 2004 | -0.10% | 0.00% | 0.00x | 1.02x | $-15.59 Million |
| 2005 | 9.57% | 35.67% | 0.27x | 1.01x | $-1.13 Million |
| 2006 | 13.28% | 53.75% | 0.24x | 1.03x | $21.07 Million |
| 2007 | 11.74% | 52.36% | 0.15x | 1.54x | $13.64 Million |
| 2008 | 1.94% | 10.35% | 0.13x | 1.43x | $-71.55 Million |
| 2009 | 6.84% | 49.28% | 0.11x | 1.30x | $-54.47 Million |
| 2010 | 12.82% | 68.52% | 0.16x | 1.17x | $63.90 Million |
| 2011 | 20.72% | 75.35% | 0.25x | 1.08x | $284.61 Million |
| 2012 | 18.86% | 68.98% | 0.27x | 1.03x | $275.33 Million |
| 2013 | 11.15% | 53.15% | 0.16x | 1.30x | $38.84 Million |
| 2014 | 5.51% | 32.22% | 0.13x | 1.28x | $-163.05 Million |
| 2015 | -3.90% | -24.98% | 0.12x | 1.36x | $-577.12 Million |
| 2016 | 3.95% | 21.89% | 0.14x | 1.25x | $-298.86 Million |
| 2017 | 1.18% | 6.84% | 0.15x | 1.16x | $-432.26 Million |
| 2018 | 8.26% | 53.79% | 0.12x | 1.25x | $-90.08 Million |
| 2019 | 1.62% | 10.00% | 0.14x | 1.18x | $-446.45 Million |
| 2020 | 8.89% | 46.32% | 0.18x | 1.04x | $-63.65 Million |
| 2021 | 12.08% | 62.82% | 0.19x | 1.01x | $129.87 Million |
| 2022 | 9.96% | 62.83% | 0.16x | 1.01x | $-2.64 Million |
| 2023 | 7.70% | 52.92% | 0.14x | 1.01x | $-160.91 Million |
| 2024 | 7.29% | 41.19% | 0.17x | 1.02x | $-196.80 Million |
Industry Comparison
This section compares Wheaton Precious Metals Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wheaton Precious Metals Corp (WPM) | $8.09 Billion | 1.07% | 0.04x | $62.18 Billion |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |