NYSE:SII

Stock Analysis Report

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Executive Summary

Sprott Inc. is a publicly owned asset management holding company. More Details


Snowflake Analysis

Solid track record with excellent balance sheet.


Similar Companies

Share Price & News

How has Sprott's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SII is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SII's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

7.1%

SII

-2.6%

US Capital Markets

-3.6%

US Market


1 Year Return

70.1%

SII

38.2%

US Capital Markets

36.5%

US Market

Return vs Industry: SII exceeded the US Capital Markets industry which returned 38.1% over the past year.

Return vs Market: SII exceeded the US Market which returned 36.4% over the past year.


Shareholder returns

SIIIndustryMarket
7 Day7.1%-2.6%-3.6%
30 Day23.2%8.2%2.7%
90 Day14.9%16.2%7.5%
1 Year75.7%70.1%41.5%38.2%39.5%36.5%
3 Year45.4%30.1%39.5%29.2%53.5%43.6%
5 Year169.4%117.1%140.6%110.9%117.5%93.2%

Long-Term Price Volatility Vs. Market

How volatile is Sprott's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sprott undervalued compared to its fair value and its price relative to the market?

31.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SII ($34.95) is trading above our estimate of fair value ($8.65)

Significantly Below Fair Value: SII is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SII is poor value based on its PE Ratio (31.7x) compared to the US Capital Markets industry average (23.5x).

PE vs Market: SII is poor value based on its PE Ratio (31.7x) compared to the US market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SII's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SII is good value based on its PB Ratio (3x) compared to the US Capital Markets industry average (14.4x).


Next Steps

Future Growth

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

11.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SII's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if SII's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SII's revenue (11.7% per year) is forecast to grow faster than the US market (10.4% per year).

High Growth Revenue: SII's revenue (11.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SII's Return on Equity is forecast to be low in 3 years time (14.4%).


Next Steps

Past Performance

How has Sprott performed over the past 5 years?

25.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SII has high quality earnings.

Growing Profit Margin: SII's current net profit margins (22.2%) are higher than last year (13.9%).


Past Earnings Growth Analysis

Earnings Trend: SII has become profitable over the past 5 years, growing earnings by 25.4% per year.

Accelerating Growth: SII's earnings growth over the past year (159.3%) exceeds its 5-year average (25.4% per year).

Earnings vs Industry: SII earnings growth over the past year (159.3%) exceeded the Capital Markets industry 9%.


Return on Equity

High ROE: SII's Return on Equity (9.3%) is considered low.


Next Steps

Financial Health

How is Sprott's financial position?


Financial Position Analysis

Short Term Liabilities: SII's short term assets ($85.3M) exceed its short term liabilities ($47.2M).

Long Term Liabilities: SII's short term assets ($85.3M) exceed its long term liabilities ($39.1M).


Debt to Equity History and Analysis

Debt Level: SII's debt to equity ratio (5.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if SII's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: SII's debt is well covered by operating cash flow (154.4%).

Interest Coverage: SII's interest payments on its debt are well covered by EBIT (29x coverage).


Balance Sheet


Next Steps

Dividend

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

2.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SII's dividend (2.87%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: SII's dividend (2.87%) is low compared to the top 25% of dividend payers in the US market (3.77%).


Stability and Growth of Payments

Stable Dividend: SII's dividend payments have been volatile in the past 10 years.

Growing Dividend: SII's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (145.6%), SII's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SII's dividends in 3 years are forecast to be covered by earnings (70.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Peter Grosskopf (55 yo)

10.42yrs

Tenure

US$2,522,677

Compensation

Mr. Peter Fritz Grosskopf, CFA, serves as the Director at Resource Capital Investment Corporation. He also serves as Independent Director of Kirkland Lake Gold Ltd. since February 24, 2020. He serves as Ch...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD2.52M) is about average for companies of similar size in the US market ($USD2.28M).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Peter Grosskopf
CEO & Director10.42yrsUS$2.52m2.03%
$ 17.6m
Kevin Hibbert
Senior MD5.17yrsUS$581.33k0.20%
$ 1.7m
Edward Coyne
Senior Managing Director of Global Salesno dataUS$913.06k0.031%
$ 270.6k
John Ciampaglia
Senior Managing Director3.5yrsUS$811.08k0.31%
$ 2.7m
Arthur Rule
Senior MD & Director0.67yrno data10.48%
$ 90.7m
W. George
President2.08yrsno data4.71%
$ 40.7m
Dan Elder
MD & Chief Technology Officer0.33yrno datano data
Glen Williams
Managing Director of Investor & Institutional Client Relations and Head of Corporate Communicationsno datano datano data
Arthur Einav
Senior MDno dataUS$604.60k0.39%
$ 3.4m
Heather MacLeod
Managing Director & Chief Marketing Officerno datano datano data
Andrew Stronach
Managing Director of Strategic & Corporate Developmentno datano datano data
Varinder Bhathal
Managing Directorno datano data0.16%
$ 1.4m

2.8yrs

Average Tenure

55yo

Average Age

Experienced Management: SII's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Peter Grosskopf
CEO & Director10.42yrsUS$2.52m2.03%
$ 17.6m
Arthur Rule
Senior MD & Director0.67yrno data10.48%
$ 90.7m
Rosemary Zigrossi
Independent Director6.83yrsUS$84.81k0.014%
$ 118.4k
Eric Sprott
Chairman Emeritus3.75yrsUS$91.37kno data
Ronald Dewhurst
Independent Chairman of the Board1.75yrsUS$162.63kno data
Sharon Ranson
Independent Director6.83yrsUS$115.65k0.059%
$ 507.4k
Graham Birch
Independent Director1.25yrsUS$169.93kno data

3.8yrs

Average Tenure

61yo

Average Age

Experienced Board: SII's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SII insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sprott Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sprott Inc.
  • Ticker: SII
  • Exchange: NYSE
  • Founded: 2008
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: CA$1.098b
  • Listing Market Cap: CA$864.680m
  • Shares outstanding: 24.79m
  • Website: https://www.sprott.com

Number of Employees


Location

  • Sprott Inc.
  • Royal Bank Plaza
  • South Tower
  • Toronto
  • Ontario
  • M5J 2J1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIITSX (The Toronto Stock Exchange)YesCommon SharesCACADMay 2008
A78DB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2008
SIINYSE (New York Stock Exchange)YesCommon SharesUSUSDMay 2008

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/28 23:16
End of Day Share Price2021/02/26 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.