Sprott Inc. (SII) 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

-63.6%

$37.65

vs $103.32 price

Levered DCF

$43.57

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

19.7

Safe zone

Rating

B-

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	36.81×	21.74×	20.45×	49.01×	33.9×	26.35×	52.58×	28.51×
P/B	6.88×	3.31×	2.8×	3.01×	3.85×	2.44×	2.69×	1.75×
P/S	9.4×	6.37×	6.06×	5.42×	6.8×	6.21×	48.04×	57.75×
EV / EBITDA	25.6×	13.8×	15.04×	26.73×	21.64×	17.09×	29.17×	24.13×
Gross margin	37.4%	48.0%	40.7%	43.2%	47.6%	49.7%	90.9%	100.0%
Operating margin	29.6%	35.5%	27.0%	30.7%	35.9%	34.1%	113.4%	211.7%
Net margin	25.1%	29.3%	29.6%	11.4%	20.1%	23.6%	89.4%	203.4%
Current ratio	1.77×	2.62×	2.1×	2.99×	2.76×	1.81×	2.71×	2.14×
Debt / equity	0×	0×	0.08×	0.2×	0.1×	0.06×	0.06×	0.01×
Interest coverage	65.06×	19.35×	9.4×	16.18×	51.02×	31.55×	0×	0×
Dividend yield	1.3%	2.5%	3.0%	3.1%	2.3%	3.3%	3.1%	3.3%
Payout ratio	49.8%	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	18.3%	15.2%	13.7%	6.4%	11.4%	9.3%	5.0%	6.2%
Return on invested capital	13.9%	11.9%	8.9%	9.3%	12.9%	9.2%	4.6%	8.2%
Return on assets	12.8%	12.7%	11.0%	4.6%	9.1%	7.1%	4.2%	5.4%
Free cash flow yield	3.8%	6.3%	3.3%	3.9%	4.5%	3.6%	4.2%	-3.2%
Earnings yield	2.7%	4.6%	4.9%	2.1%	3.0%	3.8%	1.9%	3.5%
Enterprise value	$2.4B	$1B	$860.1M	$838.2M	$1.1B	$682.8M	$691.5M	$624.9M
Net debt / EBITDA	-1.25×	-0.63×	0.06×	0.09×	-0.39×	-0.68×	-1.66×	-1.13×
Cash conversion cycle (days)	46	6	-33	-13	-7	-116	-6,004	278