Sprott Price To Earning vs. Shares Outstanding
| SII Stock | CAD 60.04 1.44 2.34% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.64 | 0.4386 |
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| Operating Profit Margin | 0.37 | 0.2999 |
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For Sprott profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sprott to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sprott Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sprott's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sprott Inc over time as well as its relative position and ranking within its peers.
Sprott |
Sprott Inc Shares Outstanding vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sprott's current stock value. Our valuation model uses many indicators to compare Sprott value to that of its competitors to determine the firm's financial worth. Sprott Inc is currently regarded as top stock in price to earning category among its peers. It is rated below average in shares outstanding category among its peers creating about 429,623 of Shares Outstanding per Price To Earning. As of the 19th of December 2024, Common Stock Shares Outstanding is likely to drop to about 23.6 M. Comparative valuation analysis is a catch-all model that can be used if you cannot value Sprott by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Sprott'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 Shares Outstanding vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Sprott |
| = | 59.15 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Sprott |
| = | 25.41 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Sprott Shares Outstanding Comparison
Sprott is currently under evaluation in shares outstanding category among its peers.
Sprott Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Sprott, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sprott will eventually generate negative long term returns. The profitability progress is the general direction of Sprott's change in net profit over the period of time. It can combine multiple indicators of Sprott, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -74.9 M | -71.2 M | |
| Operating Income | 43.9 M | 38.4 M | |
| Income Before Tax | 50.3 M | 28.2 M | |
| Total Other Income Expense Net | 6.4 M | 6.7 M | |
| Net Income | 41.8 M | 43.9 M | |
| Income Tax Expense | 8.5 M | 7.8 M | |
| Net Income From Continuing Ops | 41.8 M | 43.9 M | |
| Net Income Applicable To Common Shares | 20.3 M | 10.6 M | |
| Net Interest Income | -4.1 M | -3.9 M | |
| Interest Income | 4.9 M | 5.3 M | |
| Change To Netincome | 23.5 M | 16.1 M | |
| Net Income Per Share | 1.66 | 1.62 | |
| Income Quality | 0.71 | 1.07 | |
| Net Income Per E B T | 0.83 | 0.66 |
Sprott Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sprott. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Sprott position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Sprott's important profitability drivers and their relationship over time.
Use Sprott in pair-trading
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 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 will appreciate offsetting losses from the drop in the long position's value.Sprott Pair Trading
Sprott Inc Pair Trading Analysis
The ability to find closely correlated positions to Sprott 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 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 - 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 Inc to buy it.
The correlation of Sprott 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Inc 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 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.Use Investing Themes to Complement your Sprott position
In addition to having Sprott in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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To fully project Sprott's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Sprott Inc at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Sprott's income statement, its balance sheet, and the statement of cash flows.