Sprott Inc. (SII.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-55.8%

CA$63.25

vs CA$143.02 price

Levered DCF

CA$73.69

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

19.94

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	50.54×	31.22×	27.04×	64.34×	42.92×	33.6×	53.21×	28.56×
P/B	9.46×	4.76×	3.7×	4.07×	4.88×	3.26×	2.68×	2.4×
P/S	11.75×	9.15×	7.74×	7.32×	8.61×	8.3×	47.76×	57.85×
EV / EBITDA	35.04×	20.09×	19.86×	36.09×	27.5×	23.09×	29.05×	24.18×
Gross margin	91.4%	48.0%	43.9%	43.2%	47.6%	49.7%	90.9%	100.0%
Operating margin	33.0%	35.5%	30.0%	30.7%	35.9%	34.1%	113.4%	211.7%
Net margin	23.2%	29.3%	28.6%	11.4%	20.1%	23.6%	89.4%	203.4%
Current ratio	1.78×	2.62×	2.1×	2.99×	2.76×	1.81×	2.71×	2.05×
Debt / equity	0×	0×	0.08×	0.2×	0.1×	0.06×	0.06×	0.02×
Interest coverage	78.41×	19.35×	10.81×	16.18×	51.02×	31.55×	12.5×	0×
Dividend yield	1.0%	1.8%	2.3%	2.3%	1.8%	2.4%	3.1%	3.3%
Payout ratio	48.9%	55.1%	61.8%	146.2%	77.0%	85.6%	168.1%	93.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	18.7%	15.2%	13.7%	6.4%	11.4%	9.3%	5.0%	8.4%
Return on invested capital	16.9%	11.9%	10.2%	9.3%	12.9%	9.2%	4.6%	8.0%
Return on assets	13.1%	12.7%	11.0%	4.6%	9.1%	7.1%	4.2%	7.2%
Free cash flow yield	2.8%	4.4%	2.5%	2.9%	3.6%	2.7%	4.2%	-3.6%
Earnings yield	2.0%	3.2%	3.7%	1.6%	2.3%	2.8%	1.9%	3.5%
Enterprise value	CA$3.4B	CA$1.5B	CA$1.1B	CA$1.1B	CA$1.4B	CA$922.5M	CA$687.3M	CA$626.1M
Net debt / EBITDA	-1.22×	-0.63×	0.06×	0.09×	-0.39×	-0.68×	-1.67×	-1.13×
Cash conversion cycle (days)	-117	6	-35	-13	-7	-116	-6,004	621