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Wheaton Precious Metals Corp. valuation and forecast

Explore the models for Wheaton Precious Metals Corp., adjust their assumptions and compare your own valuation with the platform's.

Your valuation workspace

What is WPM worth to you?

Start with the company's financial data. Make the assumptions your own.

7 models available

01 / Assumptions

Follow the forecast

The cash flows behind your value

USD per share
View annual figures
Forecast yearCash flow / share

Negative cash flows are shown in terracotta. Before the terminal value and equity bridge. Residual-income models show excess earnings; dividend models show dividends.

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Compare and combine your models

Your weighted value—

Weights start with the platform's included models. Change them to build your own combination. Select a model name to edit its assumptions.

ModelYour value / shareWeight

The platform's price and consistency filters are not reapplied to your scenarios.

Other model types 15 unavailable for WPM

Revenue-to-maturity DCF

This model does not apply to this company with the available financial data.

P/B vs return on equity

This model does not apply to this company with the available financial data.

Peer price-to-book

This model does not apply to this company with the available financial data.

Peer P/E

This model does not apply to this company with the available financial data.

Peer price-to-FFO

This model does not apply to this company with the available financial data.

Peer price-to-sales

This model does not apply to this company with the available financial data.

Forward peer price-to-sales

This model does not apply to this company with the available financial data.

PEG comparison

This model does not apply to this company with the available financial data.

Two-stage dividend discount

This model does not apply to this company with the available financial data.

Growing-dividend model

This model does not apply to this company with the available financial data.

REIT funds from operations

This model does not apply to this company with the available financial data.

Utility earnings

This model does not apply to this company with the available financial data.

Book value / net assets

This model does not apply to this company with the available financial data.

Reported crypto treasury NAV

This model does not apply to this company with the available financial data.

Proved-reserve NAV

This model does not apply to this company with the available financial data.

Model values are estimates under the assumptions shown. They are not share-price forecasts or investment advice.

Valuation models compared

Cash-flow modelgrowth 8–18%, 8.5% discount
~$120~$88–$150
Growth cash-flow modelRevenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged.
~$43~$30–$54
Forward price-to-earnings vs peersNext year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.
~$37~$33–$53
Residual incomeleft out of the combined value: out of range vs price (0.17x)
~$20~$15–$27
Justified price-to-bookleft out of the combined value: out of range vs price (0.17x)
~$20~$18–$23
Models combinedweighted average of 3 models; primary model counts double
~$78~$37–$120

range across growth cases central value market price $117.23

Different models answer different questions: the cash-flow models ask what the business generates for owners; the peer multiples ask what similar companies in our coverage trade on. Where they disagree, the gap is the story. Projections are estimates based on current data, updated daily. Not investment advice. How each model works.

Analyst recommendations

16 analysts, Nov 2026
Buy16100%
Hold00%
Sell00%

Monthly trend

  1. Nov 202651116
  2. Oct 202651116
  3. Sep 202651116

Counts of recommendations published by analysts covering Wheaton Precious Metals Corp., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Price history

Loading chart…

Third-party market data · may be delayed

Five-year projection

  • Share price
  • Higher growth
  • Base case
  • Lower growth
$100 $150 $200 Oct 2026 Today 20272028202920302031 ~$190 ~$140 ~$110

Today: lower growth ~$88 · base case ~$120 · higher growth ~$150 · share price $117.22

Where our model's value per share would be at each point if that growth case plays out — not a forecast of the share price, which can stay above or below value for long periods. How projections are calculated.

Projections are estimates based on current data, updated daily. Not investment advice.

Five-year model value, by case

Year Lower growth Base case Higher growth
Latest filing ~$88 ~$120 ~$150
2026 ~$92 ~$120 ~$160
2027 ~$95 ~$130 ~$170
2028 ~$99 ~$130 ~$180
2029 ~$100 ~$140 ~$180
2030 ~$110 ~$140 ~$190

Projections are estimates based on current data, updated daily. Not investment advice. How projections are calculated.

The assumptions

Free cash flow (TTM, FY2025 Q4)
$1.9B
Less stock-based pay
$26M
Cash flow we value
$1.7B
Growth, years 1–5 (base)
13%
Then fading to
2.5%
Discount rate
8.5%
Net cash added
$1.2B
Diluted shares
455M

What would move the value

Growth 5 points lower
−23%
Growth 5 points higher
+30%
Free-cash-flow margin 1 point lower
−1%
Discount rate 1 point higher
−16%

Change in our model value when one input moves, all else equal.

WPM valuation questions

What is Wheaton Precious Metals Corp. worth per share?
Our discounted-cash-flow model of Wheaton Precious Metals Corp.'s free cash flow after stock-based pay puts its value at ~$120 per share in the base case, with a range of ~$88–$150 across lower- and higher-growth cases. Model values under stated assumptions, not a price target or recommendation.
What could Wheaton Precious Metals Corp. be worth by 2030?
If our base case plays out, the model's value per share would be about ~$140 by 2030 (~$110–$190 across our lower- and higher-growth cases). This is where the model's value would be, not a forecast of the share price, which can stay above or below value for long periods.
How does Fundamentalytics value Wheaton Precious Metals Corp.?
We value Wheaton Precious Metals Corp.'s normalised cash flow after stock-based pay using a ten-year discounted-cash-flow model. Near-term growth can incorporate forecasts and guidance; growth then fades to the long-run rate. The equity bridge adds cash and subtracts debt and other claims. The calculator shows the company data and assumptions you can adjust.

Data: SEC EDGAR filings, retrieved November 1, 2026. Method: how we value companies. Disclosures: research and recommendations disclosure. Back to Wheaton Precious Metals Corp.

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