I have posted on another board about SLW ....
It is a very good play on Silver and stock is up another .42 today to $11.78 nearly 4%
I think this stock is a great hedge against risk in the U.S. Economy due to housing weakness and takes advantage of the Global Growth of World Economies ... I like all the metals in general.
I particularly like it when I see the statement that I have highlighted in BOLD below:
Here is info on the company ....
SILVER WHEATON CORP COM Company Overview
Silver Wheaton Corp. (Silver Wheaton) is a mining company with 100% of its revenue from the sale of silver. The Company’s principal product is silver that it has agreed to purchase pursuant to the Luismin Silver Purchase Contract, the Zinkgruvan Silver Purchase Contract and the Yauliyacu Silver Purchase Contract. The Company purchases all of its silver from Goldcorp’s Luismin Mines in Mexico, from Lundin’s Zinkgruvan Mine in Sweden and up to 4.75 million ounces of silver per year based on production from Glencore’s Yauliyacu Mine in Peru. On November 24, 2006, it acquired 17.3% of Revett Minerals Inc. (Revett). Revett, through its subsidiaries, owns 67% of both the Rock Creek project and the Troy mine located in northwest Montana, United States. On September 6, 2006, the Company acquired 6% of Bear Creek Mining Corporation (Bear Creek). On December 7, 2006, Goldcorp sold some of its interest in Silver Wheaton, and as a result, at December 31, 2006, Goldcorp owned 49% of the Company.
Reuters ProVestor Plus Company Report
Shareholder Equity
Shares Outstanding 221.3 M
Institutional Ownership 9.38%
Number of Floating Shares 110.6 M
Short Interest as % of Float 4.43%
Valuation (MRQ)
Price/Earnings (TTM) 31.30x
Price/Sales 15.86x
Price/Book 3.91x
Price/Cash Flow 21.73x
SLW's P/E Ratio is greater than 61% of other companies in the Gold & Silver industry. This typically means that investors are willing to pay more for its level of earnings relative to future growth.
Profitability (TTM)
Gross Margin 66.71%
Operating Margin 53.77%
EBITDA Margin 63.01%
Profit Margin 53.77%
SLW's Gross Margin is more than 88% of other companies in the Gold & Silver industry, which means it has more cash to spend on business operations as compared to its peers. As indicated by the Operating Margin, SLW controls its costs and expenses better than 99% of its peers.
Financial Strength (MRQ)
Quick Ratio 2.87x
Current Ratio 2.87x
Debt/Equity 0.03x
Debt/Assets 0.03x
SLW's debt to equity ratio indicates that it has been less aggressive with using debt to finance growth than 78% of its peers in the Gold & Silver industry. The resultant effect on earnings would be less volatile than related companies.
Management Effectiveness (TTM)
Return on Assets 18.35%
Return on Equity 18.83%
Return on Inves. Capital 18.83%
The Return on Equity for SLW shows that it is able to reinvest its earnings more efficiently than 92% of its competitors in the Gold & Silver industry. Typically, companies that have higher return on equity values are more attractive to investors.
Growth Rate (TTM)
Earnings Per Share 145.6
Sales 123.6
Dividend (MRQ) --
SLW's EPS Growth Rate is greater than 85% of its peers in the Gold & Silver industry.
Dividend (TTM)
Dividend Yield --
Payout Ratio 0.00%
Annual Dividend 0.00
SLW does not pay a dividend. The average dividend yield for companies in the Gold & Silver industry is 0.88%
Operating Ratios (TTM)
Asset Turnover 0.34%
Inventory Turnover 275.57%
Receivables Turnover 85.44%
Effective Tax Rate 0.00%
These ratios give an indicator of efficiency (ability to move inventory and generate sales) within a company, particularly ones with tangible goods (i.e. automotive, computer hardware) as compared to its peers.
Company Officers
Chairman Eduardo Luna
Director Eduardo Luna
Chief Executive Officer Peter D. Barnes
Chief Financial Officer Nolan Watson
President Peter D. Barnes
Executive Vice President Randy Smallwood
Secretary Paul M. Stein
Assistant Secretary Anna M. Tudela
Company Contact
Employees 9
Headquarters Suite 3400
666 Burrard Street
Vancouver V6C 2X8
CAN
Phone 604-684-9648
Fax 604-684-3123
Web Address
silverwheaton.com |
