Sprott Physical Gold Stock Current Valuation
| CEF Stock | CAD 34.32 0.19 0.56% |
Valuation analysis of Sprott Physical Gold helps investors to measure Sprott Physical's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. As of the 1st of December 2024, Enterprise Value Over EBITDA is likely to drop to 12.63. In addition to that, Enterprise Value Multiple is likely to drop to 12.63. Fundamental drivers impacting Sprott Physical's valuation include:
Price Book 1.1327 | Enterprise Value 6.2 B | Enterprise Value Ebitda (364.35) | Price Sales 10.9168 | Trailing PE 18.0632 |
Fairly Valued
Today
Please note that Sprott Physical's price fluctuation is very steady at this time. Calculation of the real value of Sprott Physical Gold is based on 3 months time horizon. Increasing Sprott Physical's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Sprott Physical is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Sprott Stock. However, Sprott Physical's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 34.32 | Real 34.13 | Hype 34.33 | Naive 35.77 |
The intrinsic value of Sprott Physical's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Sprott Physical's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Sprott Physical Gold helps investors to forecast how Sprott stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Sprott Physical more accurately as focusing exclusively on Sprott Physical's fundamentals will not take into account other important factors: Sprott Physical Gold Company Current Valuation Analysis
Sprott Physical's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Sprott Physical Current Valuation | 6.19 B |
Most of Sprott Physical's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Sprott Physical Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Sprott Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Sprott Physical is extremely important. It helps to project a fair market value of Sprott Stock properly, considering its historical fundamentals such as Current Valuation. Since Sprott Physical's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Sprott Physical's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Sprott Physical's interrelated accounts and indicators.
Click cells to compare fundamentals
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Sprott Physical Gold has a Current Valuation of 6.19 B. This is 81.15% lower than that of the Capital Markets sector and 17.33% lower than that of the Financials industry. The current valuation for all Canada stocks is 62.79% higher than that of the company.
Sprott Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sprott Physical's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Sprott Physical could also be used in its relative valuation, which is a method of valuing Sprott Physical by comparing valuation metrics of similar companies.Sprott Physical is currently under evaluation in current valuation category among its peers.
Sprott Physical Current Valuation Drivers
We derive many important indicators used in calculating different scores of Sprott Physical from analyzing Sprott Physical's financial statements. These drivers represent accounts that assess Sprott Physical's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Sprott Physical's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.9B | 4.1B | 3.9B | 3.9B | 4.1B | 2.5B | |
| Enterprise Value | 2.9B | 4.1B | 3.9B | 3.9B | 4.1B | 2.6B |
Sprott Fundamentals
| Return On Equity | 0.0891 | ||||
| Return On Asset | 0.0557 | ||||
| Profit Margin | 0.95 % | ||||
| Operating Margin | 0.98 % | ||||
| Current Valuation | 6.19 B | ||||
| Shares Outstanding | 205.34 M | ||||
| Shares Owned By Institutions | 37.88 % | ||||
| Number Of Shares Shorted | 10.32 K | ||||
| Price To Earning | 17.39 X | ||||
| Price To Book | 1.13 X | ||||
| Price To Sales | 10.92 X | ||||
| Revenue | 312.95 M | ||||
| Gross Profit | 23.72 M | ||||
| EBITDA | 308.53 M | ||||
| Net Income | 308.54 M | ||||
| Cash And Equivalents | 1.93 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 1.79 M | ||||
| Current Ratio | 738.53 X | ||||
| Book Value Per Share | 21.43 X | ||||
| Cash Flow From Operations | (20.09 M) | ||||
| Short Ratio | 1.95 X | ||||
| Earnings Per Share | 1.90 X | ||||
| Beta | 0.071 | ||||
| Market Capitalization | 6.98 B | ||||
| Total Asset | 4.23 B | ||||
| Retained Earnings | 1.18 B | ||||
| Year To Date Return | 23.80 % | ||||
| One Year Return | 5.55 % | ||||
| Three Year Return | 17.09 % | ||||
| Five Year Return | 0.06 % | ||||
| Ten Year Return | 17.99 % | ||||
| Net Asset | 4.23 B | ||||
| Cash Position Weight | 1.33 % |
About Sprott Physical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sprott Physical Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sprott Physical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sprott Physical Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 against Sprott Stock
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.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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.