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Sprott Focus Trust

Nasdaq:FUND
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FUND
Nasdaq
$143M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Sprott Focus Trust, Inc. is a closed-ended equity mutual fund launched and managed by Sprott Asset Management, LP. The last earnings update was 29 days ago. More info.


Add to Portfolio Compare Print
  • Sprott Focus Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Sprott Focus Trust has significant price volatility in the past 3 months.
FUND Share Price and Events
7 Day Returns
-1.4%
NasdaqGS:FUND
-1.6%
US Capital Markets
-3.8%
US Market
1 Year Returns
-29.3%
NasdaqGS:FUND
-14.5%
US Capital Markets
-15.9%
US Market
FUND Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sprott Focus Trust (FUND) -1.4% -23.8% -32.5% -29.3% -34.2% -32.7%
US Capital Markets -1.6% -15.2% -25% -14.5% 0.9% 18.4%
US Market -3.8% -17.4% -24.1% -15.9% 2.8% 13.5%
1 Year Return vs Industry and Market
  • FUND underperformed the Capital Markets industry which returned -14.5% over the past year.
  • FUND underperformed the Market in United States of America which returned -15.9% over the past year.
Price Volatility
FUND
Industry
5yr Volatility vs Market

FUND Value

 Is Sprott Focus Trust 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 Focus Trust 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 Focus Trust.

NasdaqGS:FUND 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
= $8.30 * 13%
$1.08
Book Value of Equity per Share Median Book Value from the past 5 years. $8.30
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NasdaqGS:FUND
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
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))
= 0.744 (1 + (1- 26.5%) (0%))
1.123
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.123 * 5.44%)
7.85%

Discounted Cash Flow Calculation for NasdaqGS:FUND using Excess Returns Model Model

The calculations below outline how an intrinsic value for Sprott Focus Trust 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.

NasdaqGS:FUND Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13% – 7.85%) * $8.30)
$0.42
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.42 / (7.85% - 1.74%)
$6.95
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $8.30 + $6.95
$15.26
NasdaqGS:FUND Discount to Share Price
Calculation Result
Value per share (USD) From above. $15.26
Current discount Discount to share price of $4.97
= -1 x ($4.97 - $15.26) / $15.26
67.4%

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

Current Discount
Amount off the current price Sprott Focus Trust is available for.
Intrinsic value
>50%
Share price is $4.97 vs Future cash flow value of $15.26
Current Discount Checks
For Sprott Focus Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sprott Focus Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sprott Focus Trust's share price is below the future cash flow value, and 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 Focus Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sprott Focus Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:FUND PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.05
NasdaqGS:FUND Share Price ** NasdaqGS (2020-04-06) in USD $4.97
United States of America Capital Markets Industry PE Ratio Median Figure of 92 Publicly-Listed Capital Markets Companies 33.66x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.21x

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

** Primary Listing of Sprott Focus Trust.

NasdaqGS:FUND PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:FUND Share Price ÷ EPS (both in USD)

= 4.97 ÷ 2.05

2.42x

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

  • Sprott Focus Trust is good value based on earnings compared to the US Capital Markets industry average.
  • Sprott Focus Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Sprott Focus Trust's expected growth come at a high price?
Raw Data
NasdaqGS:FUND PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 2.03x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Sprott Focus Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sprott Focus Trust's assets?
Raw Data
NasdaqGS:FUND PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $8.30
NasdaqGS:FUND Share Price * NasdaqGS (2020-04-06) in USD $4.97
United States of America Capital Markets Industry PB Ratio Median Figure of 183 Publicly-Listed Capital Markets Companies 7.87x
United States of America Market PB Ratio Median Figure of 5,148 Publicly-Listed Companies 1.2x
NasdaqGS:FUND PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:FUND Share Price ÷ Book Value per Share (both in USD)

= 4.97 ÷ 8.30

0.6x

* Primary Listing of Sprott Focus Trust.

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

  • Sprott Focus Trust is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Sprott Focus Trust'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 Focus Trust has a total score of 5/6, 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.

FUND Future Performance

 How is Sprott Focus Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sprott Focus Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
5.3%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sprott Focus Trust expected to grow at an attractive rate?
  • Unable to compare Sprott Focus Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sprott Focus Trust's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Sprott Focus Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:FUND Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.3%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
NasdaqGS:FUND Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:FUND Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 6 58
2019-09-30 6 27
2019-06-30 6 -5
2019-03-31 6 -22
2018-12-31 7 -39
2018-09-30 7 -10
2018-06-30 7 19
2018-03-31 6 27
2017-12-31 5 36
2017-09-30 5 34
2017-06-30 5 32
2017-03-31 5 35

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sprott Focus Trust is high growth as no earnings estimate data is available.
  • Unable to determine if Sprott Focus Trust is high growth as no revenue estimate data is available.
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
NasdaqGS:FUND 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 0 Analyst Estimates (S&P Global) See Below

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

NasdaqGS:FUND Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.05
2019-09-30 0.94
2019-06-30 -0.18
2019-03-31 -0.79
2018-12-31 -1.44
2018-09-30 -0.37
2018-06-30 0.72
2018-03-31 1.04
2017-12-31 1.39
2017-09-30 1.32
2017-06-30 1.28
2017-03-31 1.42

*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 Focus Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sprott Focus Trust'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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 Focus Trust has a total score of 0/6, 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.

FUND Past Performance

  How has Sprott Focus Trust 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 Focus Trust'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 Focus Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • Sprott Focus Trust has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Sprott Focus Trust has become profitable in the last year making it difficult to compare the US Capital Markets industry average.
Earnings and Revenue History
Sprott Focus Trust'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 Focus Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:FUND Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 5.62 58.21 2.33
2019-09-30 5.80 26.64 2.41
2019-06-30 5.98 -4.93 2.48
2019-03-31 6.47 -22.03 2.54
2018-12-31 6.96 -39.14 2.61
2018-09-30 6.86 -10.18 2.63
2018-06-30 6.76 18.77 2.66
2018-03-31 5.83 27.15 2.60
2017-12-31 4.90 35.54 2.55
2017-09-30 4.95 33.68 2.47
2017-06-30 4.99 31.82 2.39
2017-03-31 5.20 35.43 2.27
2016-12-31 5.41 39.04 2.15
2016-09-30 5.23 16.55 2.10
2016-06-30 5.04 -5.95 2.05
2016-03-31 4.90 -13.52 2.11
2015-12-31 4.76 -21.08 2.18
2015-09-30 4.50 -20.06 2.23
2015-06-30 4.25 -19.03 2.28
2015-03-31 4.04 -9.34 2.28
2014-12-31 3.84 0.35 2.28
2014-09-30 3.81 25.90 2.24
2014-06-30 3.79 51.45 2.20
2014-03-31 3.46 41.48 2.12
2013-12-31 3.14 31.50 2.03
2013-09-30 3.40 26.21 2.02
2013-06-30 3.66 20.92 2.01

*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 Focus Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Sprott Focus Trust used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Sprott Focus Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sprott Focus Trust'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 Focus Trust has a total score of 3/6, 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.

FUND Health

 How is Sprott Focus Trust'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 Focus Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sprott Focus Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sprott Focus Trust has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sprott Focus Trust'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.
  • Sprott Focus Trust has no debt, it does not need to be covered by short term assets.
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 Focus Trust Company Filings, last reported 3 months ago.

NasdaqGS:FUND Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 235.32 0.00 0.21
2019-09-30 235.32 0.00 0.21
2019-06-30 209.42 0.00 0.07
2019-03-31 209.42 0.00 0.07
2018-12-31 181.75 0.00 0.29
2018-09-30 181.75 0.00 0.29
2018-06-30 221.19 0.00 0.06
2018-03-31 221.19 0.00 0.06
2017-12-31 227.99 0.00 0.06
2017-09-30 227.99 0.00 0.06
2017-06-30 208.07 0.00 0.02
2017-03-31 208.07 0.00 0.02
2016-12-31 197.31 0.00 0.04
2016-09-30 197.31 0.00 0.04
2016-06-30 179.99 0.00 0.02
2016-03-31 179.99 0.00 0.02
2015-12-31 162.12 0.00 0.02
2015-09-30 162.12 0.00 0.02
2015-06-30 190.09 0.00 0.00
2015-03-31 190.09 0.00 0.00
2014-12-31 187.75 0.00 0.00
2014-09-30 187.75 0.00 0.00
2014-06-30 213.49 9.44 0.00
2014-03-31 213.49 9.44 0.00
2013-12-31 191.44 2.71 0.03
2013-09-30 191.44 2.71 0.03
2013-06-30 165.92 0.00 0.03
  • Sprott Focus Trust has no debt.
  • Sprott Focus Trust currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Sprott Focus Trust has no debt, it does not need to be covered by operating cash flow.
  • Sprott Focus Trust has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Sprott Focus Trust'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 Focus Trust has a total score of 6/6, 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.

FUND Dividends

 What is Sprott Focus Trust'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
9.33%
Current annual income from Sprott Focus Trust dividends.
If you bought $2,000 of Sprott Focus Trust shares you are expected to receive $187 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 Focus Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.07%).
  • Sprott Focus Trust's dividend is above the markets top 25% of dividend payers in United States of America (5.82%).
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
NasdaqGS:FUND 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 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1933 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

NasdaqGS:FUND Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-12-03 0.464 7.175
2018-12-04 0.516 7.736
2017-12-05 0.522 6.818
2017-03-10 0.400 5.293
2016-03-09 0.440 6.564
2015-03-04 0.420 6.591
2014-03-05 0.400 5.098
2012-11-23 0.460 6.405
2011-11-23 0.440 6.644
2011-08-23 0.440 6.640
2011-05-25 0.400 5.355
2011-02-22 0.360 4.450
2010-08-30 0.000 0.000
2010-03-08 0.000 0.000
2009-05-19 0.000 0.000

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

  • Whilst dividend payments have been stable, Sprott Focus Trust has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Sprott Focus Trust only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Sprott Focus Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sprott Focus Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Focus Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sprott Focus Trust has a total score of 3/6, see the detailed checks below.


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

FUND Management

 What is the CEO of Sprott Focus Trust'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.
  • Sprott Focus Trust has no CEO, or we have no data on them.
Management Team

Chuck Royce

TITLE
President and Director
AGE
79

W. George

TITLE
Portfolio Manager
AGE
61
TENURE
17.3 yrs
Board of Directors Tenure

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

34.3
Average Tenure
79
Average Age
  • The average tenure for the Sprott Focus Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Richard Galkin

TITLE
Independent Director
COMPENSATION
$8K
AGE
81
TENURE
34.3 yrs

Chuck Royce

TITLE
President and Director
AGE
79
TENURE
34.3 yrs

G. O'Brien

TITLE
Independent Director
COMPENSATION
$8K
AGE
73
TENURE
19.3 yrs

Art Mehlman

TITLE
Independent Director
COMPENSATION
$8K
AGE
77
TENURE
16 yrs

David Meister

TITLE
Independent Director
COMPENSATION
$8K
AGE
79
TENURE
34.3 yrs

Stephen Isaacs

TITLE
Independent Director
COMPENSATION
$8K
AGE
79
TENURE
34.3 yrs

Patricia Chadwick

TITLE
Independent Director
COMPENSATION
$8K
AGE
70
TENURE
10.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Sprott Focus Trust individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
31. Mar 20 Buy W. Whitney George Family Foundation, Endowment Arm Company 27. Mar 20 27. Mar 20 43,465 $4.33 $188,203
31. Mar 20 Buy W. George Individual 27. Mar 20 27. Mar 20 252,601 $4.33 $1,093,762
25. Mar 20 Buy W. George Individual 23. Mar 20 23. Mar 20 4,934 $4.17 $20,590
25. Mar 20 Buy W. George Individual 23. Mar 20 24. Mar 20 39,090 $4.62 $178,998
19. Mar 20 Buy W. George Individual 17. Mar 20 19. Mar 20 156,156 $4.60 $690,713
16. Mar 20 Buy W. George Individual 12. Mar 20 16. Mar 20 179,794 $4.92 $871,852
06. Mar 20 Buy Thomas Ulrich Individual 06. Mar 20 06. Mar 20 800 $6.44 $5,152
02. Mar 20 Buy W. George Individual 27. Feb 20 28. Feb 20 80,000 $6.80 $528,684
26. Feb 20 Buy W. George Individual 24. Feb 20 26. Feb 20 64,257 $7.20 $455,698
11. Feb 20 Buy W. George Individual 07. Feb 20 07. Feb 20 20,000 $7.34 $146,858
06. Feb 20 Buy W. George Individual 04. Feb 20 06. Feb 20 29,280 $7.38 $215,990
27. Jan 20 Buy W. George Individual 23. Jan 20 24. Jan 20 22,466 $7.44 $167,035
27. Jan 20 Buy W. George Individual 27. Jan 20 27. Jan 20 11,600 $7.29 $84,573
16. Jan 20 Buy W. George Individual 14. Jan 20 15. Jan 20 68,002 $7.44 $505,636
14. Jan 20 Buy W. George Individual 10. Jan 20 13. Jan 20 40,548 $7.40 $298,803
28. Oct 19 Buy W. George Individual 24. Oct 19 25. Oct 19 25,000 $6.90 $170,882
21. Oct 19 Buy W. Whitney George Family Foundation, Endowment Arm Company 27. Sep 19 27. Sep 19 25,440 $6.93 $176,299
21. Oct 19 Buy W. George Individual 27. Sep 19 27. Sep 19 142,035 $6.93 $984,303
11. Oct 19 Buy W. George Individual 09. Oct 19 10. Oct 19 32,102 $6.59 $210,613
05. Sep 19 Buy W. George Individual 03. Sep 19 04. Sep 19 39,985 $6.70 $266,448
07. Aug 19 Buy W. George Individual 05. Aug 19 06. Aug 19 64,725 $6.68 $431,743
05. Jun 19 Buy W. George Individual 03. Jun 19 05. Jun 19 40,100 $6.49 $257,063
23. May 19 Buy W. George Individual 21. May 19 23. May 19 63,709 $6.69 $424,129
13. May 19 Buy W. George Individual 09. May 19 09. May 19 11,092 $6.90 $76,513
08. May 19 Buy W. George Individual 07. May 19 08. May 19 50,472 $6.97 $351,301
07. May 19 Buy W. George Individual 06. May 19 06. May 19 16,530 $6.91 $114,240
07. May 19 Buy W. George Individual 03. May 19 03. May 19 21,906 $6.99 $153,134
06. May 19 Sell Barbara Keady Individual 03. May 19 03. May 19 -2,500 $6.96 $-17,400
26. Apr 19 Buy W. George Individual 25. Apr 19 25. Apr 19 25,000 $7.09 $177,237
24. Apr 19 Buy W. George Individual 22. Apr 19 22. Apr 19 25,000 $7.03 $175,790
16. Apr 19 Buy W. George Individual 12. Apr 19 12. Apr 19 26,050 $7.10 $184,833
12. Apr 19 Buy W. George Individual 10. Apr 19 11. Apr 19 30,657 $7.05 $215,781
10. Apr 19 Buy W. George Individual 08. Apr 19 09. Apr 19 38,380 $7.03 $269,231
10. Apr 19 Buy Thomas Ulrich Individual 10. Apr 19 10. Apr 19 1,415 $7.04 $9,963
X
Management checks
We assess Sprott Focus Trust'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 Focus Trust 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.

FUND News

Simply Wall St News

FUND Company Info

Description

Sprott Focus Trust, Inc. is a closed-ended equity mutual fund launched and managed by Sprott Asset Management, LP. The fund is co-managed by Sprott Asset Management USA Inc. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies across all market capitalizations. The fund benchmarks the performance of its portfolio against the Russell 3000 Index. It was formerly known as Royce Focus Trust, Inc. Sprott Focus Trust, Inc. was formed on March 2, 1988 and is domiciled in the United States.

Details
Name: Sprott Focus Trust, Inc.
FUND
Exchange: NasdaqGS
Founded: 1988
$143,365,032
28,846,083
Website: http://sprottfocustrust.com
Address: Sprott Focus Trust, Inc.
Royal Bank Plaza,
South Tower,
Toronto,
Ontario, M5J 2J1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS FUND Common Stock Nasdaq Global Select US USD 07. Jun 1988
Number of employees
Current staff
Staff numbers
0
Sprott Focus Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 01:58
End of day share price update: 2020/04/06 00:00
Last earnings filing: 2020/03/09
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.