Sprott Physical Gold Stock Fundamentals
| CEF Stock | CAD 35.05 0.53 1.54% |
Sprott Physical Gold fundamentals help investors to digest information that contributes to Sprott Physical's financial success or failures. It also enables traders to predict the movement of Sprott Stock. The fundamental analysis module provides a way to measure Sprott Physical's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Sprott Physical stock.
At this time, Sprott Physical's Net Income is very stable compared to the past year. As of the 23rd of November 2024, Income Tax Expense is likely to grow to about 324 M, while Selling General Administrative is likely to drop about 2.8 M. Sprott | Select Account or Indicator |
Sprott Physical Gold Company Operating Margin Analysis
Sprott Physical's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Sprott Physical Operating Margin | 0.98 % |
Most of Sprott Physical's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Sprott Physical Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Sprott Operating Margin Driver Correlations
Understanding the fundamental principles of building solid financial models for Sprott Physical is extremely important. It helps to project a fair market value of Sprott Stock properly, considering its historical fundamentals such as Operating Margin. Since Sprott Physical's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Sprott Physical's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Sprott Physical's interrelated accounts and indicators.
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A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
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Sprott Pretax Profit Margin
Pretax Profit Margin |
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Based on the recorded statements, Sprott Physical Gold has an Operating Margin of 0.9827%. This is 94.67% lower than that of the Capital Markets sector and 96.21% lower than that of the Financials industry. The operating margin for all Canada stocks is 117.83% lower than that of the firm.
Sprott Physical Gold Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Sprott Physical's current stock value. Our valuation model uses many indicators to compare Sprott Physical value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Sprott Physical competition to find correlations between indicators driving Sprott Physical's intrinsic value. More Info.Sprott Physical Gold is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.63 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Sprott Physical Gold is roughly 1.60 . At this time, Sprott Physical's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Sprott Physical by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Sprott Physical's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Sprott Operating Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sprott Physical's direct or indirect competition against its Operating Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Sprott Physical could also be used in its relative valuation, which is a method of valuing Sprott Physical by comparing valuation metrics of similar companies.Sprott Physical is currently under evaluation in operating margin category among its peers.
Sprott Physical Current Valuation Drivers
We derive many important indicators used in calculating different scores of Sprott Physical from analyzing Sprott Physical's financial statements. These drivers represent accounts that assess Sprott Physical's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Sprott Physical's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.9B | 4.1B | 3.9B | 3.9B | 4.1B | 2.5B | |
| Enterprise Value | 2.9B | 4.1B | 3.9B | 3.9B | 4.1B | 2.7B |
Fund Asset Allocation for Sprott Physical
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in cash and cash equivalents.Asset allocation divides Sprott Physical's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Sprott Fundamentals
| Return On Equity | 0.0891 | ||||
| Return On Asset | 0.0557 | ||||
| Profit Margin | 0.95 % | ||||
| Operating Margin | 0.98 % | ||||
| Current Valuation | 6.19 B | ||||
| Shares Outstanding | 205.34 M | ||||
| Shares Owned By Institutions | 37.88 % | ||||
| Number Of Shares Shorted | 10.32 K | ||||
| Price To Earning | 17.39 X | ||||
| Price To Book | 1.13 X | ||||
| Price To Sales | 10.92 X | ||||
| Revenue | 312.95 M | ||||
| Gross Profit | 23.72 M | ||||
| EBITDA | 308.54 M | ||||
| Net Income | 308.54 M | ||||
| Cash And Equivalents | 1.93 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 1.79 M | ||||
| Current Ratio | 738.53 X | ||||
| Book Value Per Share | 21.43 X | ||||
| Cash Flow From Operations | (20.09 M) | ||||
| Short Ratio | 1.95 X | ||||
| Earnings Per Share | 1.90 X | ||||
| Beta | 0.071 | ||||
| Market Capitalization | 7.12 B | ||||
| Total Asset | 4.23 B | ||||
| Retained Earnings | 1.18 B | ||||
| Year To Date Return | 23.80 % | ||||
| One Year Return | 5.55 % | ||||
| Three Year Return | 17.09 % | ||||
| Five Year Return | 0.06 % | ||||
| Ten Year Return | 17.99 % | ||||
| Net Asset | 4.23 B | ||||
| Cash Position Weight | 1.33 % |
About Sprott Physical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sprott Physical Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sprott Physical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sprott Physical Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Total Revenue | 312.9 M | 328.6 M | |
| Cost Of Revenue | 2.2 M | 1.6 M | |
| Sales General And Administrative To Revenue | 0.01 | 0.01 | |
| Revenue Per Share | 1.46 | 0.78 | |
| Ebit Per Revenue | 0.99 | 0.94 |
Pair Trading with Sprott Physical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sprott Physical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sprott Physical will appreciate offsetting losses from the drop in the long position's value.Moving together with Sprott Stock
Moving against Sprott Stock
The ability to find closely correlated positions to Sprott Physical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sprott Physical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sprott Physical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sprott Physical Gold to buy it.
The correlation of Sprott Physical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sprott Physical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Physical Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sprott Physical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sprott Physical Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.