Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Sprott

DB:A78
Snowflake Description

Excellent balance sheet with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A78
DB
CA$579M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Sprott Inc. is a publicly owned asset management holding company. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • Sprott is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Sprott has significant price volatility in the past 3 months.
A78 Share Price and Events
7 Day Returns
-3.3%
DB:A78
-3.5%
DE Capital Markets
-3%
DE Market
1 Year Returns
-26.3%
DB:A78
-11.3%
DE Capital Markets
-20.6%
DE Market
A78 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sprott (A78) -3.3% -21.1% -29.1% -26.3% -5.4% -25.9%
DE Capital Markets -3.5% -21.2% -17.8% -11.3% -27.2% -56.6%
DE Market -3% -19.1% -26.2% -20.6% -25.6% -30.7%
1 Year Return vs Industry and Market
  • A78 underperformed the Capital Markets industry which returned -11.3% over the past year.
  • A78 underperformed the Market in Germany which returned -20.6% over the past year.
Price Volatility
A78
Industry
5yr Volatility vs Market

A78 Value

 Is Sprott undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sprott to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sprott.

DB:A78 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CA$1.49 * 8.7%
CA$0.13
Book Value of Equity per Share Median Book Value from the past 5 years. CA$1.49
Discount Rate (Cost of Equity) See below 4.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:A78
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.745 (1 + (1- 26.5%) (4.41%))
0.845
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.845 * 5.44%)
4.21%

Discounted Cash Flow Calculation for DB:A78 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Sprott is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:A78 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.7% – 4.21%) * CA$1.49)
CA$0.07
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$0.07 / (4.21% - -0.39%)
CA$1.44
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$1.49 + CA$1.44
CA$2.93
DB:A78 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:A78 represents 0.65471x of TSX:SII
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.65471x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 2.93 x 0.65471
€1.92
Value per share (EUR) From above. €1.92
Current discount Discount to share price of €1.46
= -1 x (€1.46 - €1.92) / €1.92
23.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sprott is available for.
Intrinsic value
24%
Share price is €1.46 vs Future cash flow value of €1.92
Current Discount Checks
For Sprott to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sprott's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sprott's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sprott's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sprott's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:A78 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$0.06
TSX:SII Share Price ** TSX (2020-04-03) in CAD CA$2.23
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sprott.

DB:A78 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:SII Share Price ÷ EPS (both in CAD)

= 2.23 ÷ 0.06

40.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sprott is overvalued based on earnings compared to the DE Capital Markets industry average.
  • Sprott is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Sprott's expected growth come at a high price?
Raw Data
DB:A78 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
44.6%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.53x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:A78 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 40.19x ÷ 44.6%

0.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sprott is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sprott's assets?
Raw Data
DB:A78 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$1.45
TSX:SII Share Price * TSX (2020-04-03) in CAD CA$2.23
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.66x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:A78 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:SII Share Price ÷ Book Value per Share (both in CAD)

= 2.23 ÷ 1.45

1.54x

* Primary Listing of Sprott.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sprott is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Sprott's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Sprott has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

A78 Future Performance

 How is Sprott expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
44.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sprott expected to grow at an attractive rate?
  • Sprott's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Sprott's earnings growth is expected to exceed the Germany market average.
  • Sprott's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:A78 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:A78 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 44.6%
DB:A78 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 18.7%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 37.7%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:A78 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:A78 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 141 37 1
2020-12-31 133 32 1
2020-04-03
DB:A78 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 97 42 14
2019-09-30 101 66 21
2019-06-30 93 50 18
2019-03-31 97 65 22
2018-12-31 102 91 31
2018-09-30 100 51 24
2018-06-30 101 103 52
2018-03-31 110 69 42
2017-12-31 118 52 38
2017-09-30 130 86 36
2017-06-30 151 31 18
2017-03-31 165 74 39

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sprott's earnings are expected to grow significantly at over 20% yearly.
  • Sprott's revenue is expected to grow by 18.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:A78 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Sprott Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A78 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.16 0.16 0.15 2.00
2020-12-31 0.14 0.14 0.13 2.00
2020-04-03
DB:A78 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 0.06
2019-09-30 0.09
2019-06-30 0.07
2019-03-31 0.09
2018-12-31 0.13
2018-09-30 0.10
2018-06-30 0.22
2018-03-31 0.18
2017-12-31 0.16
2017-09-30 0.15
2017-06-30 0.08
2017-03-31 0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sprott will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sprott's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sprott has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

A78 Past Performance

  How has Sprott performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sprott's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sprott has delivered over 20% year on year earnings growth in the past 5 years.
  • Sprott's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sprott's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Sprott's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sprott Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A78 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 97.47 13.53 23.71
2019-09-30 101.14 21.46 26.13
2019-06-30 93.36 17.71 28.78
2019-03-31 97.17 21.51 29.33
2018-12-31 101.58 31.38 29.42
2018-09-30 100.30 24.07 34.26
2018-06-30 101.00 51.90 27.15
2018-03-31 109.82 42.37 28.41
2017-12-31 118.27 37.53 30.39
2017-09-30 129.89 35.77 31.27
2017-06-30 150.84 18.49 30.21
2017-03-31 165.28 39.05 33.92
2016-12-31 168.90 31.54 35.87
2016-09-30 161.99 26.68 28.56
2016-06-30 140.59 -35.04 34.18
2016-03-31 120.92 -45.26 29.68
2015-12-31 109.01 -39.63 26.41
2015-09-30 103.70 -35.89 26.41
2015-06-30 108.75 17.80 23.73
2015-03-31 108.98 16.09 24.39
2014-12-31 113.70 19.39 26.07
2014-09-30 115.85 -70.36 31.53
2014-06-30 119.30 -61.39 34.32
2014-03-31 105.74 -73.11 35.04
2013-12-31 101.42 -81.26 36.54
2013-09-30 111.40 12.15 37.07
2013-06-30 119.33 9.69 35.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sprott has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sprott used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Sprott's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sprott's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sprott has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

A78 Health

 How is Sprott's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sprott's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sprott is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sprott's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sprott's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 7.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sprott Company Filings, last reported 3 months ago.

DB:A78 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 354.72 20.00 94.34
2019-09-30 362.58 21.25 107.79
2019-06-30 366.76 22.50 80.92
2019-03-31 372.15 23.75 68.77
2018-12-31 373.12 0.00 73.96
2018-09-30 364.88 5.50 72.83
2018-06-30 367.61 5.50 77.63
2018-03-31 364.76 5.50 91.64
2017-12-31 343.86 9.90 220.68
2017-09-30 346.39 0.00 287.26
2017-06-30 324.71 0.00 234.08
2017-03-31 362.53 0.00 269.98
2016-12-31 360.31 0.00 271.50
2016-09-30 364.81 0.00 266.63
2016-06-30 361.15 0.00 263.21
2016-03-31 350.56 0.00 226.10
2015-12-31 358.24 0.00 244.23
2015-09-30 370.42 0.00 263.73
2015-06-30 423.28 0.00 280.22
2015-03-31 426.16 0.00 214.55
2014-12-31 418.61 15.00 120.77
2014-09-30 422.15 0.00 88.71
2014-06-30 423.63 0.00 104.92
2014-03-31 428.36 0.00 147.92
2013-12-31 420.30 0.00 115.67
2013-09-30 510.92 0.00 116.66
2013-06-30 340.73 0.00 81.62
  • Sprott's level of debt (4.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.5% vs 4.9% today).
  • Debt is well covered by operating cash flow (238.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.3x coverage).
X
Financial health checks
We assess Sprott's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sprott has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

A78 Dividends

 What is Sprott's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.38%
Current annual income from Sprott dividends. Estimated to be 5.38% next year.
If you bought €2,000 of Sprott shares you are expected to receive €108 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sprott's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Sprott's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:A78 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 318 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:A78 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.12 3.00
2020-12-31 0.12 3.00
2020-04-03
DB:A78 Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-02-27 0.120 4.993
2019-11-07 0.120 3.996
2019-08-08 0.120 3.614
2019-05-09 0.120 3.617
2019-02-27 0.120 4.024
2018-11-08 0.120 4.621
2018-08-09 0.120 3.896
2018-05-10 0.120 3.822
2018-03-01 0.120 3.699
2017-11-08 0.120 4.704
2017-08-10 0.120 5.590
2017-05-09 0.120 5.205
2017-03-01 0.120 5.254
2016-11-10 0.120 5.001
2016-08-11 0.120 5.149
2016-05-13 0.120 4.712
2016-03-10 0.120 4.750
2015-11-11 0.120 5.866
2015-08-11 0.120 5.033
2015-05-12 0.120 4.990
2015-03-04 0.120 4.582
2014-11-11 0.120 4.693
2014-08-06 0.120 4.402
2014-05-13 0.120 3.878
2014-03-25 0.120 3.626
2013-11-12 0.120 4.056
2013-08-07 0.120 4.471
2013-05-07 0.120 4.233
2013-03-26 0.120 3.939
2012-11-13 0.120 3.182
2012-08-08 0.120 2.664
2012-05-08 0.120 2.434
2012-03-27 0.120 2.454
2011-11-08 0.840 12.896
2011-08-09 0.840 11.111
2011-06-01 0.840 10.266
2011-01-10 0.840 9.403
2010-11-09 0.160 2.200
2010-08-11 0.140 2.987
2010-05-11 0.140 3.934
2010-02-17 0.140 3.401
2009-11-03 0.100 2.245
2009-08-04 0.100 2.622
2009-05-06 0.100 2.670

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sprott's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Sprott's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sprott afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sprott has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

A78 Management

 What is the CEO of Sprott's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peter Grosskopf
COMPENSATION CA$2,982,000
AGE 54
TENURE AS CEO 9.6 years
CEO Bio

Mr. Peter F. Grosskopf, CFA, serves as Independent Director of Kirkland Lake Gold Ltd. since February 24, 2020. He serves as Chief Executive Officer at Sprott Inc. since September 07, 2010. Mr. Grosskopf serves as Chief Executive Officer and Managing Director of Sprott Resource Lending Corp. At Sprott, he is responsible for strategy and managing the firm's investment capital and lending business. He serves as Director of Alaris Royalty Corp. since joining the firm on December 08, 2019. Mr. Grosskopf served as the Managing Director at Sprott Resource Holdings Inc. since October 22, 2013 and had been its Director since June 4, 2012. He serves as the Chief Executive Officer and Director at Sprott Consulting GP Inc., the general partner of Sprott Consulting LP and served as its President. Mr. Grosskopf served as the President at Sprott Resource Lending Corp. from 2010 to December 2012. He had also worked at Sprott Securities. Prior to this, Mr. Grosskopf served as the President and Managing Director of Investment Banking at Cormark Securities Inc. He managed Cormark Securities's investment banking business and served as an advisor and underwriter to companies in a range of sectors. Prior to that, Mr. Grosskopf was one of the Co-Founders of Newcrest Capital Inc. and served as its Investment Banking Director. From 2000 to 2004, he served as a Managing Director at TD Securities Inc. Mr. Grosskopf has also served positions with Nesbitt Thomson Inc. and RBC Dominion Securities. He serves as a Director of Virginia Uranium, Inc. Mr. Grosskopf has been a Director of Anthem Resources Incorporated since December 10, 2009. He has been a Director of Sprott Inc. since September 07, 2010. Mr. Grosskopf serves as a Director at PBS Coals Limited since December 4, 2007 and Quest Capital Corp. since September 7, 2010. He served as a Director of Virginia Energy Resources Inc. since December 16 2010. Mr. Grosskopf served as Chartered Financial Analyst at Association for Investment management and Research since 1992. He has been in the investment business since 1987 and has many experience in the financial services industry and an extensive background as an advisor and underwriter to companies in a wide variety of sectors. Over the course of his career, he has established a track record of successfully building and growing businesses. His career includes a long tenure in investment banking, where he managed many strategic and underwriting transactions for companies in a variety of sectors. He holds the Chartered Financial Analyst designation. Mr. Grosskopf received both a Masters of Business Administration in 1990 and an Honors degree in Business Administration in 1987 from University of Western Ontario, Richard Ivey School of Business.

CEO Compensation
  • Peter's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Peter's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Sprott management team in years:

3.5
Average Tenure
54
Average Age
  • The tenure for the Sprott management team is about average.
Management Team

Peter Grosskopf

TITLE
CEO & Director
COMPENSATION
CA$3M
AGE
54
TENURE
9.6 yrs

Kevin Hibbert

TITLE
Senior MD & CFO
COMPENSATION
CA$825K
TENURE
4.3 yrs

Arthur Einav

TITLE
Senior MD
COMPENSATION
CA$825K
AGE
43

John Ciampaglia

TITLE
Senior Managing Director
COMPENSATION
CA$825K
TENURE
2.7 yrs

Tim Sorensen

TITLE
MD & CEO of Sprott Capital Partners LP
COMPENSATION
CA$848K

W. George

TITLE
President
AGE
61
TENURE
1.3 yrs

Dan Elder

TITLE
Managing Director of Information Technology & Administration

Glen Williams

TITLE
Managing Director of Investor Relations & Corporate Communications

Heather MacLeod

TITLE
Managing Director of Marketing

Andrew Stronach

TITLE
Managing Director of Strategic & Corporate Development
Board of Directors Tenure

Average tenure and age of the Sprott board of directors in years:

6
Average Tenure
62.5
Average Age
  • The tenure for the Sprott board of directors is about average.
Board of Directors

Ron Dewhurst

TITLE
Independent Chairman of the Board
COMPENSATION
CA$143K
AGE
66
TENURE
0.9 yrs

Peter Grosskopf

TITLE
CEO & Director
COMPENSATION
CA$3M
AGE
54
TENURE
9.6 yrs

Eric Sprott

TITLE
Chairman Emeritus
COMPENSATION
CA$115K
AGE
74
TENURE
2.9 yrs

Sharon Ranson

TITLE
Independent Director
COMPENSATION
CA$151K
TENURE
6 yrs

Rick Rule

TITLE
Director
COMPENSATION
CA$2M
TENURE
8.8 yrs

Rosemary Zigrossi

TITLE
Independent Director
COMPENSATION
CA$110K
TENURE
6 yrs

Graham Birch

TITLE
Director
AGE
59
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Sprott individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. Mar 20 Buy Arthur Rule Individual 06. Mar 20 06. Mar 20 500,000 €1.76 €878,243
20. Sep 19 Sell Corinne Coury Individual 19. Sep 19 19. Sep 19 -445 €2.31 €-1,028
X
Management checks
We assess Sprott's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sprott has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

A78 News

Simply Wall St News

A78 Company Info

Description

Sprott Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts. Further, the firm also provides broker-dealer activities. Sprott Inc. was formed on February 13, 2008 and is based in Toronto, Canada.

Details
Name: Sprott Inc.
A78
Exchange: DB
Founded: 2008
CA$379,899,526
245,443,808
Website: http://www.sprott.com
Address: Sprott Inc.
Royal Bank Plaza,
South Tower,
Toronto,
Ontario, M5J 2J1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX SII Common Shares The Toronto Stock Exchange CA CAD 15. May 2008
OTCPK SPOX.F Common Shares Pink Sheets LLC US USD 15. May 2008
DB A78 Common Shares Deutsche Boerse AG DE EUR 15. May 2008
LSE 0VIE Common Shares London Stock Exchange GB CAD 15. May 2008
Number of employees
Current staff
Staff numbers
126
Sprott employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 23:06
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/23
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.