Sprott Book Value Per Share vs Free Cash Flow Yield Analysis

CEF Stock

CAD 34.29 0.33 0.97%

Sprott Physical financial indicator trend analysis is much more than just breaking down Sprott Physical Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sprott Physical Gold is a good investment. Please check the relationship between Sprott Physical Book Value Per Share and its Free Cash Flow Yield accounts. 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.

Book Value Per Share vs Free Cash Flow Yield

Book Value Per Share vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sprott Physical Gold Book Value Per Share account and Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Sprott Physical's Book Value Per Share and Free Cash Flow Yield is -0.39. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Sprott Physical Gold, assuming nothing else is changed. The correlation between historical values of Sprott Physical's Book Value Per Share and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Sprott Physical Gold are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Book Value Per Share i.e., Sprott Physical's Book Value Per Share and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.39

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Sprott Physical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sprott Physical Gold current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.

As of the 27th of November 2024, Selling General Administrative is likely to drop to about 2.8 M. In addition to that, Tax Provision is likely to drop to about 13.5 K

	2023	2024 (projected)
Interest Income	900.0	855.0
Net Interest Income	38.3K	64.9K

Interest Income Net Interest Income

Sprott Physical fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Net Debt	Cash	Cash And Short Term Investments	Short Term Investments	Inventory	Net Tangible Assets	Short Long Term Debt Total	Long Term Investments
Common Stock Shares Outstanding		0.46	0.43	0.57	0.46	0.49	0.56	0.67	-0.28	-0.34	0.45	0.56	0.02	0.24	-0.17	0.17	0.45	0.63	-0.28	0.28	-0.05	0.55	-0.56	-0.07	0.08	-0.07
Total Assets	0.46		0.05	0.21	1.0	0.36	0.02	0.9	-0.41	0.08	-0.02	0.52	0.65	0.07	0.63	-0.62	0.61	0.52	-0.52	0.52	0.1	0.56	-0.6	0.28	0.11	0.33
Other Current Liab	0.43	0.05		0.79	0.05	0.69	0.54	0.3	0.31	-0.7	-0.26	-0.14	-0.26	0.35	-0.3	0.44	0.48	-0.1	-0.45	0.45	-0.4	-0.08	-0.25	-0.33	0.46	-0.19
Total Current Liabilities	0.57	0.21	0.79		0.21	0.65	0.89	0.34	0.11	-0.82	-0.29	-0.21	0.13	0.07	-0.07	0.17	0.74	-0.19	-0.71	0.71	-0.13	-0.22	-0.29	-0.48	0.66	-0.36
Total Stockholder Equity	0.46	1.0	0.05	0.21		0.36	0.02	0.9	-0.41	0.08	-0.02	0.52	0.65	0.07	0.63	-0.62	0.61	0.52	-0.52	0.52	0.1	0.56	-0.6	0.28	0.11	0.33
Retained Earnings	0.49	0.36	0.69	0.65	0.36		0.48	0.66	-0.11	-0.5	-0.33	0.05	-0.24	0.1	-0.18	0.39	0.71	0.06	-0.66	0.66	-0.01	0.15	-0.63	0.06	0.23	0.14
Accounts Payable	0.56	0.02	0.54	0.89	0.02	0.48		0.15	0.08	-0.81	-0.1	-0.19	0.09	-0.06	-0.2	0.25	0.62	-0.21	-0.59	0.59	-0.05	-0.27	-0.16	-0.51	0.6	-0.48
Non Current Assets Total	0.67	0.9	0.3	0.34	0.9	0.66	0.15		-0.44	-0.04	0.06	0.61	0.27	0.15	0.28	-0.21	0.63	0.63	-0.51	0.51	0.09	0.68	-0.77	0.32	-0.01	0.35
Non Currrent Assets Other	-0.28	-0.41	0.31	0.11	-0.41	-0.11	0.08	-0.44		-0.48	-0.35	-0.56	-0.13	0.61	-0.24	0.18	0.07	-0.5	-0.15	0.16	-0.89	-0.59	0.22	-0.67	0.54	-0.62
Other Assets	-0.34	0.08	-0.7	-0.82	0.08	-0.5	-0.81	-0.04	-0.48		0.31	0.46	-0.01	-0.27	0.13	-0.27	-0.63	0.45	0.65	-0.65	0.46	0.43	0.02	0.53	-0.86	0.4
Net Receivables	0.45	-0.02	-0.26	-0.29	-0.02	-0.33	-0.1	0.06	-0.35	0.31		0.73	-0.17	0.15	-0.2	0.14	-0.47	0.72	0.6	-0.6	0.09	0.68	-0.01	0.31	-0.49	0.14
Common Stock Total Equity	0.56	0.52	-0.14	-0.21	0.52	0.05	-0.19	0.61	-0.56	0.46	0.73		0.01	0.11	-0.02	-0.07	-0.11	0.97	0.27	-0.27	0.19	0.96	-0.45	0.5	-0.58	0.34
Non Current Liabilities Total	0.02	0.65	-0.26	0.13	0.65	-0.24	0.09	0.27	-0.13	-0.01	-0.17	0.01		-0.13	0.86	-0.94	0.42	-0.02	-0.43	0.43	0.06	-0.04	-0.01	-0.1	0.43	-0.02
Other Current Assets	0.24	0.07	0.35	0.07	0.07	0.1	-0.06	0.15	0.61	-0.27	0.15	0.11	-0.13		-0.16	0.13	0.13	0.21	-0.09	0.09	-0.83	0.14	-0.33	-0.26	0.25	-0.24
Other Stockholder Equity	-0.17	0.63	-0.3	-0.07	0.63	-0.18	-0.2	0.28	-0.24	0.13	-0.2	-0.02	0.86	-0.16		-0.9	0.28	-0.04	-0.31	0.31	0.15	0.07	0.06	0.24	0.3	0.36
Total Liab	0.17	-0.62	0.44	0.17	-0.62	0.39	0.25	-0.21	0.18	-0.27	0.14	-0.07	-0.94	0.13	-0.9		-0.2	-0.05	0.22	-0.21	-0.11	-0.05	-0.04	-0.08	-0.21	-0.15
Total Current Assets	0.45	0.61	0.48	0.74	0.61	0.71	0.62	0.63	0.07	-0.63	-0.47	-0.11	0.42	0.13	0.28	-0.2		-0.1	-0.98	0.98	-0.16	-0.09	-0.59	-0.27	0.66	-0.17
Common Stock	0.63	0.52	-0.1	-0.19	0.52	0.06	-0.21	0.63	-0.5	0.45	0.72	0.97	-0.02	0.21	-0.04	-0.05	-0.1		0.27	-0.27	0.11	0.95	-0.5	0.42	-0.56	0.29
Net Debt	-0.28	-0.52	-0.45	-0.71	-0.52	-0.66	-0.59	-0.51	-0.15	0.65	0.6	0.27	-0.43	-0.09	-0.31	0.22	-0.98	0.27		-1.0	0.18	0.25	0.49	0.3	-0.72	0.18
Cash	0.28	0.52	0.45	0.71	0.52	0.66	0.59	0.51	0.16	-0.65	-0.6	-0.27	0.43	0.09	0.31	-0.21	0.98	-0.27	-1.0		-0.18	-0.25	-0.49	-0.31	0.72	-0.19
Cash And Short Term Investments	-0.05	0.1	-0.4	-0.13	0.1	-0.01	-0.05	0.09	-0.89	0.46	0.09	0.19	0.06	-0.83	0.15	-0.11	-0.16	0.11	0.18	-0.18		0.19	0.0	0.52	-0.5	0.46
Short Term Investments	0.55	0.56	-0.08	-0.22	0.56	0.15	-0.27	0.68	-0.59	0.43	0.68	0.96	-0.04	0.14	0.07	-0.05	-0.09	0.95	0.25	-0.25	0.19		-0.45	0.64	-0.55	0.54
Inventory	-0.56	-0.6	-0.25	-0.29	-0.6	-0.63	-0.16	-0.77	0.22	0.02	-0.01	-0.45	-0.01	-0.33	0.06	-0.04	-0.59	-0.5	0.49	-0.49	0.0	-0.45		-0.07	0.11	-0.01
Net Tangible Assets	-0.07	0.28	-0.33	-0.48	0.28	0.06	-0.51	0.32	-0.67	0.53	0.31	0.5	-0.1	-0.26	0.24	-0.08	-0.27	0.42	0.3	-0.31	0.52	0.64	-0.07		-0.55	0.95
Short Long Term Debt Total	0.08	0.11	0.46	0.66	0.11	0.23	0.6	-0.01	0.54	-0.86	-0.49	-0.58	0.43	0.25	0.3	-0.21	0.66	-0.56	-0.72	0.72	-0.5	-0.55	0.11	-0.55		-0.37
Long Term Investments	-0.07	0.33	-0.19	-0.36	0.33	0.14	-0.48	0.35	-0.62	0.4	0.14	0.34	-0.02	-0.24	0.36	-0.15	-0.17	0.29	0.18	-0.19	0.46	0.54	-0.01	0.95	-0.37

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Sprott Physical Account Relationship Matchups

Sprott Physical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	196.7M	209.4M	220.8M	217.7M	214.6M	219.3M
Total Assets	3.0B	4.4B	4.1B	4.0B	4.2B	3.3B
Other Current Liab	(1.2M)	(125K)	(62K)	(783K)	(1.8M)	(1.7M)
Total Current Liabilities	1.2M	125K	62K	783K	1.8M	2.2M
Total Stockholder Equity	3.0B	4.4B	4.1B	4.0B	4.2B	3.3B
Retained Earnings	226.6M	1.2B	914.2M	896.0M	1.2B	1.2B
Accounts Payable	1.2M	125K	62K	783K	1.8M	1.4M
Non Current Assets Total	3.0B	4.4B	4.1B	4.0B	4.2B	3.5B
Non Currrent Assets Other	(3.0B)	(4.4B)	(4.1B)	(4.0B)	(8.5B)	(8.0B)
Common Stock Total Equity	2.4B	3.0B	2.7B	3.2B	3.7B	2.2B
Liabilities And Stockholders Equity	3.0B	4.4B	4.1B	4.0B	4.2B	3.3B
Non Current Liabilities Total	1.2M	125K	62K	783K	1.8M	898.7K
Other Current Assets	3.0B	4.4B	4.1B	4.0B	(4.2B)	(4.0B)
Other Stockholder Equity	(226.6M)	(3.1M)	(3.1M)	(3.2M)	(3.2M)	(3.3M)
Total Liab	1.2M	125K	62K	1.2M	1.8M	1.7M
Total Current Assets	1.3M	1.4M	679K	3.4M	6.9M	6.6M
Common Stock	2.7B	3.2B	3.2B	3.1B	3.1B	2.4B
Net Debt	(1.3M)	(1.4M)	(679K)	(3.4M)	(6.9M)	(7.2M)
Cash	1.3M	1.4M	679K	3.4M	6.9M	6.6M
Cash And Short Term Investments	1.3M	1.4M	679K	3.4M	4.2B	4.4B
Short Term Investments	3.0B	4.4B	4.1B	4.0B	4.2B	2.8B
Accumulated Other Comprehensive Income	62.2K	(3.1M)	(3.1M)	(3.2M)	(3.2M)	(3.0M)
Net Tangible Assets	3.0B	4.4B	4.1B	4.0B	4.6B	3.9B
Long Term Investments	3.0B	4.4B	4.1B	4.0B	4.2B	4.0B
Capital Stock	2.7B	3.2B	3.2B	3.1B	3.1B	3.4B

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

0.73	RY	Royal Bank Earnings Call This Week	Pair Corr
0.61	RY-PM	Royal Bank Earnings Call This Week	Pair Corr

Moving against Sprott Stock

0.42

Toronto Dominion Bank

Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Sprott Physical Gold is a strong investment it is important to analyze Sprott Physical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sprott Physical's future performance. For an informed investment choice regarding Sprott Stock, refer to the following important reports:

How To Invest In Sprott

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Largest Financial Services Companies

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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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Please note, there is a significant difference between Sprott Physical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Physical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Physical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Sprott Book Value Per Share vs Free Cash Flow Yield Analysis

Book Value Per Share vs Free Cash Flow Yield

Book Value Per Share vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Book Value Per Share

Free Cash Flow Yield

Sprott Physical fundamental ratios Correlations

Sprott Physical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sprott Physical fundamental ratios Accounts

Pair Trading with Sprott Physical

Moving together with Sprott Stock

Moving against Sprott Stock

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash	+ 0.98	Total Current Assets
Common Stock	+ 0.97	Common Stock Total Equity
Short Term Investments	+ 0.96	Common Stock Total Equity
Short Term Investments	+ 0.95	Common Stock
Long Term Investments	+ 0.95	Net Tangible Assets

Cash	- 1.0	Net Debt
Net Debt	- 0.98	Total Current Assets
Total Liab	- 0.94	Non Current Liabilities Total
Total Liab	- 0.9	Other Stockholder Equity
Cash And Short Term Investments	- 0.89	Non Currrent Assets Other
Short Long Term Debt Total	- 0.86	Other Assets