Sprott Inc. (SII) 10-Year Financial Performance & Capital Metrics

SII • • Banking & Credit

Financial ServicesAsset ManagementTraditional Asset ManagementGlobal Diversified Asset Managers

AboutSprott 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.Show more

Net Interest Income -$3M -490.3%
Total Revenue $168M +19.0%
Net Income $49M +17.9%
Return on Equity 15.67% +9.2%
Net Interest Margin -0.8% -480.3%
Efficiency Ratio 12.47% -9.1%
ROA 12.84% +17.2%
Equity / Assets 83.24% +3.2%
Book Value per Share 12.51 +6.7%
Tangible BV/Share 5.27 +32.4%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 37.0%
✓Strong Piotroski F-Score: 8/9
✓Efficient operations: 12.5% efficiency ratio
✓Momentum leader: RS Rating 88 (top 12%)
✓Well capitalized: 83.2% equity/assets
✓Diversified revenue: 100.0% from non-interest income

✗Weaknesses

✗Weak NIM of -0.8%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y25.49%

5Y71.27%

3Y0.68%

TTM-

Profit (Net Income) CAGR

10Y11.43%

5Y37.01%

3Y14.1%

TTM6.39%

EPS CAGR

10Y11.04%

5Y36.03%

3Y14.27%

TTM6.59%

ROCE

10Y Avg10.07%

5Y Avg14.26%

3Y Avg13.66%

Latest16.71%

Peer Comparison

Global Diversified Asset Managers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SIISprott Inc.	2.97B	115.19	60.31	19.02%	29.28%	14.59%	2.27%
EMBJEmbraer S.A.	13.36B	73.93	38.51	21.38%	5.51%	10.43%	3.03%	0.78
BENFranklin Resources, Inc.	13.54B	25.97	28.54	3.45%	5.98%	3.61%	6.73%	0.94
BLKBlackRock, Inc.	179.4B	1156.65	27.53	14.27%	31.21%	9.86%	2.62%	0.29
IVZInvesco Ltd.	13.08B	29.39	24.91	6.13%	12.77%	6.75%	8.57%	0.48
SEICSEI Investments Company	10.6B	86.54	19.62	10.7%	27.35%	28.87%	5.34%	0.01
JHGJanus Henderson Group plc	7.15B	47.89	18.71	17.67%	16.53%	9.41%	9.57%	0.10
STTState Street Corporation	38.07B	136.29	16.60	19.64%	12.23%	10.78%		1.45

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	13.49M	10.54M	12.4M	11.33M	0	2.72M	2.37M	2.07M	792K	-3.09M
NII Growth %	-0.22%	-0.22%	0.18%	-0.09%	-1%	-	-0.13%	-0.13%	-0.62%	-4.9%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	13.49M	10.54M	12.4M	11.33M	0	3.96M	3.54M	4.99M	4.85M	0
Interest Expense	0	0	0	0	0	1.24M	1.16M	2.92M	4.06M	3.09M
Loan Loss Provision	0	0	0	0	1.04M	56.35M	85.31M	84.73M	79.81M	84.44M
Non-Interest Income+	0	0	0	0	11.42M	110.45M	161.41M	149.28M	136.6M	168.35M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	13.49M	10.54M	12.4M	11.33M	11.42M	114.41M	164.94M	154.27M	141.45M	168.35M
Revenue Growth %	-0.22%	-0.22%	0.18%	-0.09%	0.01%	9.02%	0.44%	-0.06%	-0.08%	0.19%
Non-Interest Expense	35.81M	-17.62M	-22.04M	-12.65M	-2.56M	17.79M	19.25M	19.33M	19.4M	21M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	-22.32M	28.15M	34.44M	23.98M	12.95M	39.02M	59.23M	47.28M	38.18M	59.83M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-1.92%	2.26%	0.22%	-0.3%	-0.46%	2.01%	0.52%	-0.2%	-0.19%	0.57%
Pretax Income+	-22.32M	28.15M	34.44M	23.98M	12.95M	34.66M	45.19M	25.08M	50.29M	69.01M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	6.24M	4.69M	4.59M	938.3K	2.74M	7.68M	12.01M	7.45M	8.49M	19.71M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-28.56M	23.46M	29.85M	23.04M	10.21M	26.98M	33.19M	17.63M	41.8M	49.29M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-2.71%	1.82%	0.27%	-0.23%	-0.56%	1.64%	0.23%	-0.47%	1.37%	0.18%
Net Income (Continuing)	-28.56M	23.46M	29.85M	23.04M	10.21M	26.98M	33.19M	17.63M	41.8M	49.29M
EPS (Diluted)+	-1.16	0.95	1.21	0.90	0.41	1.10	1.28	0.65	1.60	1.91
EPS Growth %	-2.73%	1.82%	0.27%	-0.26%	-0.54%	1.68%	0.16%	-0.49%	1.46%	0.19%
EPS (Basic)	-1.16	0.96	1.25	0.90	0.43	1.16	1.33	0.68	1.66	1.94
Diluted Shares Outstanding	24.53M	24.75M	24.62M	25.5M	25.67M	25.78M	25.91M	26.19M	26.07M	25.88M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	77.55M	92.22M	124.15M	34.69M	54.75M	44.11M	49.8M	51.68M	20.66M	46.83M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	225K
Total Investments+	132.89M	109.77M	90.92M	94.91M	73.09M	91.94M	74.9M	76.92M	95.76M	73.07M
Investments Growth %	0.37%	-0.17%	-0.17%	0.04%	-0.23%	0.26%	-0.19%	0.03%	0.24%	-0.24%
Long-Term Investments	34.3M	41.7M	39.57M	75.3M	55.59M	82.47M	68.77M	73.57M	93.53M	72.85M
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	19.1M	19.13M	19.1M	19.17M	19.15M	19.15M	19.15M	19.15M	19.15M	19.15M
Intangible Assets	10.79M	17.16M	13.08M	108.9M	114.08M	155.97M	170.06M	178.61M	182.9M	168.25M
PP&E (Net)	4.57M	4.7M	4.21M	9.06M	16.23M	16.61M	16.48M	12.5M	10.86M	19.18M
Other Assets	11.4M	2.2M	26.17M	16.12M	20.28M	16.12M	12.43M	21.27M	24.29M	27.28M
Total Current Assets	231.41M	238.53M	219.64M	81.52M	95.34M	85.31M	77.53M	76.96M	45.06M	79.19M
Total Non-Current Assets	81.25M	88.85M	106.29M	232.88M	229.6M	292.04M	288.35M	306.79M	333.78M	309.61M
Total Assets+	312.66M	327.37M	325.92M	314.39M	324.94M	377.35M	365.87M	383.75M	378.83M	388.8M
Asset Growth %	-0.25%	0.05%	-0%	-0.04%	0.03%	0.16%	-0.03%	0.05%	-0.01%	0.03%
Return on Assets (ROA)	-0.08%	0.07%	0.09%	0.07%	0.03%	0.08%	0.09%	0.05%	0.11%	0.13%
Accounts Payable	16.44M	18.22M	12.57M	32.11M	23.62M	29.7M	9.36M	10.7M	12.65M	7.61M
Total Debt+	0	0	7.87M	5.5M	15.31M	16.99M	29.77M	54.44M	24.24M	0
Net Debt	-77.55M	-92.22M	-116.28M	-30.65M	-39.43M	-27.11M	-20.04M	2.76M	3.58M	-46.83M
Long-Term Debt	0	0	0	0	11.49M	16.99M	29.77M	54.44M	24.24M	0
Short-Term Debt	0	0	7.87M	5.5M	3.83M	0	0	0	0	0
Other Liabilities	0	0	0	0	4.25M	17.38M	8.28M	18.06M	16.64M	22.96M
Total Current Liabilities	49.74M	56.57M	51.33M	38.16M	35.17M	47.24M	28.12M	25.75M	21.45M	30.28M
Total Non-Current Liabilities	4.76M	2.73M	1.14M	2.29M	18.15M	39.12M	46.54M	80.72M	51.68M	34.87M
Total Liabilities	54.5M	59.3M	52.47M	40.45M	53.31M	86.36M	74.65M	106.48M	73.13M	65.15M
Total Equity+	258.16M	268.07M	273.45M	373.12M	271.63M	290.98M	291.22M	277.27M	305.7M	323.65M
Equity Growth %	-0.28%	0.04%	0.02%	0.36%	-0.27%	0.07%	0%	-0.05%	0.1%	0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	-0.09%	0.09%	0.11%	0.07%	0.03%	0.1%	0.11%	0.06%	0.14%	0.16%
Book Value per Share	10.53	10.83	11.11	14.63	10.58	11.29	11.24	10.59	11.73	12.51
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	297.14M	305.95M	312.17M	303.18M	407.9M	417.76M	417.43M	428.48M	434.76M	450.13M
Additional Paid-in Capital	27.92M	31.1M	31.74M	42.96M	43.16M	43.31M	35.36M	33.72M	35.28M	36.27M
Retained Earnings	-92.28M	-126.26M	-94.05M	-117.2M	-108.22M	-104.48M	-97.01M	-105.31M	-89.4M	-67.25M
Accumulated OCI	25.37M	24.96M	23.6M	-81.81M	-71.21M	-65.6M	-64.56M	-79.61M	-74.94M	-95.49M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	29.23M	42.95M	41.47M	70.05M	33.05M	26.24M	51.25M	32.5M	29.86M	69.15M
Operating CF Growth %	-0.1%	0.47%	-0.03%	0.69%	-0.53%	-0.21%	0.95%	-0.37%	-0.08%	1.32%
Net Income	-28.56M	23.46M	29.85M	23.04M	10.21M	26.98M	33.19M	17.63M	41.8M	49.29M
Depreciation & Amortization	4.61M	5.52M	5.11M	1.61M	3.79M	4.05M	4.55M	3.35M	2.84M	2.11M
Deferred Taxes	6.24M	4.69M	4.59M	938.3K	2.74M	7.68M	12.01M	7.45M	8.49M	19.71M
Other Non-Cash Items	44.97M	-27.4M	-13.91M	-987.49K	-651K	-4.89M	-7.25M	1.63M	-35.06M	-10.83M
Working Capital Changes	548.39K	31.92M	10.52M	36.37M	11.56M	-12.1M	5.1M	-14.61M	-8.63M	-8.75M
Cash from Investing+	-3.75M	-4.98M	22.05M	-121.67M	1.53M	-17.09M	-20.63M	-23.49M	4.61M	24.52M
Purchase of Investments	-38.56M	-82.92M	-48.73M	-58.2M	-34.2M	-23.63M	-15.22M	-25.77M	-25.47M	-13.4M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	84.96M	0	0	0	0	4.58M	0
Other Investing	-7.32M	-13.31M	-131.21K	-84.96M	0	-12.5M	-40.56M	-10.5M	-4.76M	-4M
Cash from Financing+	-37.85M	-25.44M	-38.16M	-29.96M	-16.1M	-22.44M	-24.19M	-3.9M	-63.46M	-57.17M
Dividends Paid	-21.45M	-22.11M	-23.06M	-21.47M	-22.86M	-23.09M	-25.56M	-25.78M	-25.85M	-27.15M
Share Repurchases	0	0	-8.75M	0	-1.72M	-2.02M	0	-3.04M	-4.16M	-2.02M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	0	0	0	1000K	-830K	1000K	1000K	-1000K	-1000K
Other Financing	-5.58M	-3.33M	-6.35M	-8.49M	-4.91M	3.51M	-9.31M	1.5M	-2.71M	-2.42M
Net Change in Cash+	-9.48M	12.15M	25.58M	-79.93M	20.11M	-10.64M	5.7M	1.87M	-31.02M	26.18M
Exchange Rate Effect	1000K	-381.67K	211.53K	1000K	1000K	1000K	-725K	-1000K	-1000K	-1000K
Cash at Beginning	87.03M	80.07M	98.57M	114.62M	34.64M	54.75M	44.11M	49.8M	51.68M	20.66M
Cash at End	77.55M	92.22M	124.15M	34.69M	54.75M	44.11M	49.8M	51.68M	20.66M	46.83M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	18.78M	28.96M	40.66M	-20.64M	30.83M	25.55M	50.55M	32.37M	28.33M	67.28M
FCF Growth %	-0.32%	0.54%	0.4%	-1.51%	2.49%	-0.17%	0.98%	-0.36%	-0.12%	1.38%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-9.23%	8.92%	11.02%	7.13%	3.17%	9.59%	11.4%	6.2%	14.34%	15.67%
Return on Assets (ROA)	-7.85%	7.33%	9.14%	7.2%	3.19%	7.68%	8.93%	4.7%	10.96%	12.84%
Net Interest Margin	4.31%	3.22%	3.8%	3.6%	0%	0.72%	0.65%	0.54%	0.21%	-0.8%
Efficiency Ratio	265.53%	-167.22%	-177.73%	-111.69%	-22.44%	15.55%	11.67%	12.53%	13.72%	12.47%
Equity / Assets	82.57%	81.89%	83.9%	118.68%	83.59%	77.11%	79.6%	72.25%	80.7%	83.24%
Book Value / Share	10.53	10.83	11.11	14.63	10.58	11.29	11.24	10.59	11.73	12.51
NII Growth	-22.44%	-21.87%	17.69%	-8.66%	-100%	-	-12.69%	-12.89%	-61.7%	-490.28%
Dividend Payout	-	94.24%	77.26%	93.19%	223.94%	85.61%	77.03%	146.22%	81.93%	55.07%

Revenue by Geography

	2020	2021	2022
Country of domicile	95.96M	146.62M	130.4M
Country of domicile Growth	-	52.79%	-11.06%
Foreign countries	25.81M	18.03M	14.79M
Foreign countries Growth	-	-30.16%	-17.99%

Frequently Asked Questions

Valuation & Price

Sprott Inc. (SII) has a price-to-earnings (P/E) ratio of 60.3x. This suggests investors expect higher future growth.

Growth & Financials

Sprott Inc. (SII) grew revenue by 19.0% over the past year. This is strong growth.

Yes, Sprott Inc. (SII) is profitable, generating $50.3M in net income for fiscal year 2024 (29.3% net margin).

Dividend & Returns

Yes, Sprott Inc. (SII) pays a dividend with a yield of 0.91%. This makes it attractive for income-focused investors.

Sprott Inc. (SII) has a return on equity (ROE) of 15.7%. This is reasonable for most industries.

Industry Metrics

Sprott Inc. (SII) has a net interest margin (NIM) of -0.8%. NIM has been under pressure due to interest rate environment.

Sprott Inc. (SII) has an efficiency ratio of 12.5%. This is excellent, indicating strong cost control.

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