Wheaton Precious Metals Corp. (WPM) DCF Valuation
Why we don't show a single “fair value” for WPM
Even the optimistic scenario of a conservative trailing-FCF model ($36.29) sits far below today's price — the market is paying for growth and durability beyond what this model structure captures. Off today's cash-flow base, no plausible growth rate bridges to the current price — the market is valuing normalized future cash flows, not the depressed base. The model scenarios below are shown for reference only.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 15.0%/yr | 10.9% | $23.24 |
| Base case | 18.0%/yr | 9.9% | $29.20 |
| Optimistic | 20.0%/yr | 8.9% | $36.29 |
| Analyst DCF (FMP) | independent reference — different model | $49.67 | |
Current Price
$122.57
Market-Implied Growth
—
Base-Case Model Value
$29.20
model output — not a price target
WPM DCF Fair Value Calculator
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for WPM (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $471.4M · 0.45B shares · net cash $1.2B
Estimated Fair Value
$47.49
-61.3% vs $122.57
Sensitivity — fair value by discount rate × terminal growth
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 18.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $122.57; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.9% | $60.36 | $63.99 | $68.29 | $73.47 | $79.83 |
| 8.9% | $50.88 | $53.35 | $56.20 | $59.54 | $63.50 |
| 9.9% | $43.75 | $45.50 | $47.49 | $49.76 | $52.39 |
| 10.9% | $38.22 | $39.50 | $40.93 | $42.54 | $44.38 |
| 11.9% | $33.82 | $34.78 | $35.84 | $37.02 | $38.34 |
About Wheaton Precious Metals Corp.
Wheaton Precious Metals Corp. functions as a streaming enterprise, primarily engaged in the global distribution of valuable metals. Its offerings encompass deposits of gold, silver, palladium, and cobalt. The company maintains a substantial portfolio, holding stakes in 23 operational mines and an additional 13 development ventures. Founded in 2004, the firm's headquarters are located in Vancouver, Canada. It operated under the name Silver Wheaton Corp. until May 2017, when it rebranded to its current title.
- Sector
- Basic Materials
- Industry
- Gold
- CEO
- Haytham Henry Hodaly