PAAS vs SVM vs USAS Stock Comparison

Pan American Silver, Silvercorp Metals and Americas Gold & Silver Prices as of Oct 27, 2026 Peers: Industry group
SVM Silvercorp Metals Inc
$8.62 -23.9% 1M +40.6% 1Y
Market cap
$1.83B
P/E
21.3x
Revenue (TTM)
$495.47M
Div. yield
–
Silver Basic Materials
7 wins

Head to Head

11 decided of 12

Silvercorp Metals leads on 7 of the 12 questions below (Silvercorp Metals 7, Pan American Silver 2, Americas Gold & Silver 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPAASSVMUSASLeader
Larger companyMarket capitalisation $15.67B $1.83B $828.74M PAAS
Cheaper on earningsLower P/E, profitable companies only 50.6x 21.3x -20.1x SVM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.1x 12.0x 35.3x SVM
Faster revenue growthRevenue growth, trailing twelve months +2.3% +60.8% +88.0% USAS
More profitableNet margin, trailing twelve months 9.7% 17.3% -22.7% SVM
Better return on capitalReturn on invested capital 0.0% 11.7% 1.3% SVM
Less leveragedLower net debt / EBITDA -4.4x -1.9x -6.9x USAS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +20.0% +40.6% -18.9% SVM
Better 5-year returnAnnualised price return, 5 years +9.7%/yr +14.6%/yr +6.6%/yr SVM
Less volatileAnnualised volatility, 1 year 57.9% 70.6% 88.3% PAAS
Higher overall scoreMean of the five percentile scores vs peers 68/100 76/100 60/100 SVM

Percentile Scorecard

PAASSVMUSAS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPAASSVMUSAS
Valuation 57 #71 of 162 83 #28 of 162 50 #82 of 162
Growth 73 #40 of 147 87 #20 of 147 81 #29 of 147
Profitability 52 #59 of 122 82 #23 of 122 44 #69 of 122
Financial Health 85 #25 of 164 83 #28 of 164 77 #39 of 164
Shareholder Returns 71 #32 of 107 44 #60 of 107 51 #53 of 107
Overall 68 76 60
  • PAAS ranked among 176 companies in Metals and Mining
  • SVM ranked among 176 companies in Metals and Mining
  • USAS ranked among 176 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPAASSVMUSASSPY
1 month -13.3%-23.9%-34.0% -0.2%
3 months -3.7%-8.2%-18.0% +3.9%
6 months -20.5%-26.9%-43.9% +8.2%
Year to date -19.6%+3.4%-37.8% +12.9%
1 year +20.0%+40.6%-18.9% +12.3%
3 years +175.5%+274.8%+301.6% +87.4%
3 years, per year +40.2%+55.4%+59.0% +23.3%
5 years +58.8%+97.7%+37.8% +67.9%
5 years, per year +9.7%+14.6%+6.6% +10.9%
10 years +168.4%—-54.6% +261.1%
10 years, per year +10.4%—-7.6% +13.7%

Risk

MeasurePAASSVMUSASSPY
Volatility, 1Y 57.9%70.6%88.3% 12.7%
Downside volatility, 1Y 60.1%73.4%93.8% 12.7%
Beta vs S&P 500, 1Y 2.072.623.80 1.00
Return / volatility, 1Y 0.340.58-0.21 0.97
Max drawdown, 5Y -59.2%-56.4%-83.6% -25.4%
From 52-week high -39.4%-45.1%-68.3% -1.2%
52-week high $68.70$15.71$10.03 $779.14
52-week low $33.20$6.09$3.01 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePAASSVMUSAS
P/E now vs peer median 51.3xmedian 13.3x 22.0xmedian 13.3x -20.6xmedian 13.3x
P/S now vs peer median 5.5xmedian 3.2x 3.8xmedian 3.2x 5.6xmedian 3.2x
EV/EBITDA now vs peer median 45.0xmedian 7.3x 7.5xmedian 7.3x 79.1xmedian 7.3x
P/FCF now vs peer median 15.7xmedian 14.7x 6.1xmedian 14.7x 17.8xmedian 14.7x
P/B now vs peer median 2.4xmedian 2.2x 1.6xmedian 2.2x 3.4xmedian 2.2x
PEG now vs peer median 1.16median 0.31 0.48median 0.31 -0.53median 0.31

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPAASSVMUSAS
Revenue $3.19B $495.47M $181.59M
Gross profit $882.07M $302.64M $92.90M
Operating income $1.90M $165.81M $4.62M
Net income $930.65M $69.58M -$47.71M
Free cash flow $1.12B $309.98M $57.37M
R&D – – $7.36M
EPS (diluted) $0.81 $0.39 $-0.15
Cash & equivalents $1.57B $386.76M $88.88M
Total debt $3.00M $118.10M $6.95M
Shares (diluted) 381.58M 219.43M 267.34M
Enterprise value $10.53B $176.57M $448.55M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPAASSVMUSAS
P/E 51.3x 22.0x -20.6x
P/FCF 15.7x 6.1x 17.8x
P/Operating cash flow 15.7x 5.9x 22.6x
P/S 5.5x 3.8x 5.6x
P/B 2.4x 1.6x 3.4x
P/Tangible book 2.4x 1.6x 3.4x
EV/EBITDA 45.0x 7.5x 79.1x
EV/EBIT 8,419x 9.2x 202.9x
EV/Revenue 5.0x 3.1x 5.2x
EV/FCF 14.3x 4.9x 16.3x
EV/Operating cash flow 14.3x 4.7x 20.8x
PEG (3Y EPS CAGR) 1.16 0.48 -0.53

Growth

14 metrics
MetricPAASSVMUSAS
Revenue growth (1Y) 2.3% 60.8% 88.0%
Revenue CAGR (3Y) 22.3% 31.7% 28.8%
Gross profit growth (1Y) -0.3% 146.3% 684.7%
Gross profit CAGR (3Y) 104.0% 58.3% 109.3%
Operating income growth (1Y) 116.1% 44.4% -37.5%
Operating income CAGR (3Y) 127.1% 72.4% 63.9%
Net income growth (1Y) 123.6% -7.2% -42.6%
Net income CAGR (3Y) 75.4% 50.9% 3.6%
EPS growth (1Y) -57.1% 1.3% -281.6%
EPS CAGR (3Y) 44.1% 45.6% 39.1%
Operating cash flow growth (1Y) 74.4% 120.5% 712.7%
Operating cash flow CAGR (3Y) – 53.9% 84.2%
Free cash flow growth (1Y) 66.2% 298.5% 207.2%
Free cash flow CAGR (3Y) 56.4% 189.0% 60.6%

Profitability

14 metrics
MetricPAASSVMUSAS
Gross margin 27.7% 61.1% 51.2%
EBITDA margin 11.1% 40.9% 6.5%
Operating margin 0.1% 33.5% 2.5%
Pretax margin 0.1% 57.4% -16.4%
Net margin 9.7% 17.3% -22.7%
FCF margin 35.1% 62.6% 31.6%
Operating cash flow margin 35.1% 65.4% 24.9%
Return on equity 0.0% 5.7% -8.5%
Return on assets 0.0% 4.4% -5.2%
Return on invested capital 0.0% 11.7% 1.3%
Return on capital employed 0.0% 12.0% –
Asset turnover 0.3x 0.3x 0.4x
Cash conversion (OCF / net income) 1.2x 4.7x -0.9x
Stock comp / revenue – 0.9% 5.7%

Financial Health

11 metrics
MetricPAASSVMUSAS
Debt / assets 0.0% 0.0% 1.6%
Debt / equity 0.0x 0.0x 0.0x
Net debt / EBITDA -4.4x -1.9x -6.9x
Debt / FCF 0.0x 0.0x 0.1x
Liabilities / assets 27.5% 23.2% 31.5%
Equity / assets 72.5% 76.8% 68.5%
Interest coverage 21.3x 11.9x 1.2x
Current ratio 14.1x 3.5x –
Quick ratio 2.5x 3.4x –
Cash ratio 2.2x 3.3x –
Altman Z-score 5.18 4.39 –

Shareholder Returns

7 metrics
MetricPAASSVMUSAS
Dividend yield 1.6% 0.2% –
Net buyback yield -1.4% -0.3% -0.8%
Shareholder yield 0.2% -0.1% -0.8%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPAASSVMUSAS
Forward P/E 13.1xFY2026 12.0xFY2026 35.3xFY2026
EPS, next fiscal year $3.18FY2026 $0.72FY2026 $0.09FY2026
EPS growth, next FY +25.7%FY2026 +4.3%FY2026 –
EPS growth, the year after +32.1% +80.6% +244.4%
Revenue, next fiscal year $4.51BFY2026 $479.44MFY2026 $244.05MFY2026
Revenue growth, next FY +24.9%FY2026 +9.4%FY2026 +107.0%FY2026
Revenue growth, the year after +12.8% +74.7% +63.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPAASSVMUSAS
Held by institutions 56.5% 55.0% 42.0%
Institutions holding 584 185 154
Change in shares held, QoQ -1.0% +2.1% +4.8%
Institutions buying 268 92 95
Institutions selling 199 64 33
Buyers to sellers 1.35 1.44 2.88

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PAASSVMUSAS
PAAS 1.00 0.85 0.81
SVM 0.85 1.00 0.81
USAS 0.81 0.81 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PAAS, SVM and USAS?

Pan American Silver (PAAS) is the largest by market capitalisation: Pan American Silver (PAAS) $15.67B, Silvercorp Metals (SVM) $1.83B, Americas Gold & Silver (USAS) $828.74M.

Which stock is cheaper, PAAS, SVM and USAS?

Silvercorp Metals (SVM) trades on the lowest price-to-earnings ratio (Pan American Silver (PAAS) 50.6x, Silvercorp Metals (SVM) 21.3x, Americas Gold & Silver (USAS) -20.1x). On next year's consensus earnings, Silvercorp Metals (SVM) is cheapest (Pan American Silver (PAAS) 13.1x, Silvercorp Metals (SVM) 12.0x, Americas Gold & Silver (USAS) 35.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Americas Gold & Silver (USAS) grew revenue fastest over the trailing twelve months: Pan American Silver (PAAS) +2.3%, Silvercorp Metals (SVM) +60.8%, Americas Gold & Silver (USAS) +88.0%.

Which company is more profitable?

Silvercorp Metals (SVM) has the highest net margin (Pan American Silver (PAAS) 9.7%, Silvercorp Metals (SVM) 17.3%, Americas Gold & Silver (USAS) -22.7%). On return on invested capital, Silvercorp Metals (SVM) leads (Pan American Silver (PAAS) 0.0%, Silvercorp Metals (SVM) 11.7%, Americas Gold & Silver (USAS) 1.3%).

Which stock has performed better?

Over the past year Silvercorp Metals (SVM) returned the most: Pan American Silver (PAAS) +20.0%, Silvercorp Metals (SVM) +40.6%, Americas Gold & Silver (USAS) -18.9%. Over five years, Silvercorp Metals (SVM) compounded fastest (Pan American Silver (PAAS) +9.7%/yr, Silvercorp Metals (SVM) +14.6%/yr, Americas Gold & Silver (USAS) +6.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Pan American Silver (PAAS) has been the steadiest (Pan American Silver (PAAS) 57.9%, Silvercorp Metals (SVM) 70.6%, Americas Gold & Silver (USAS) 88.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PAAS, SVM and USAS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Silvercorp Metals (SVM) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.