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Sprott Inc.SII.TOCompetitor analysis, valuation and peers

Canada · CAD·Financials›Investment Managers

Canadian asset manager specialising in precious metals and mining investments, including physical bullion trusts and mining equity funds.

≈ A precious-metals-focused asset manager like a smaller VanEckMomentum weak 39
Mkt cap
$2.96B
US dollars, full cap
Free float
93%
of shares outstanding
$/day
$5.54M
20-day average traded
Fwd P/E
25.6×
forward earnings
ROIC−WACC
n/a
WACC 11.0%
Hurdle
n/a
no reverse DCF
Next earnings
105 days
19 Feb 2027
Close · CADC$161.11
1D+2.2%
1W+13.7%
1M-1.8%
3M-1.9%
6M-17.2%
YTD+19.8%
1Y+36.1%
ATR %3.9%
52w lowhigh30.1% off high

What Sprott does

Canadian asset manager specialising in precious metals and mining investments, including physical bullion trusts and mining equity funds.

Earns fees on assets held in its physical gold, silver and uranium trusts and in mining funds, so metal prices and the flow of investor money set income; the Toronto and New York shares are the same company.

In one line: A precious-metals-focused asset manager like a smaller VanEck.

Products and services

  • Physical gold/silver trusts
  • Mining equity funds
  • Uranium/critical minerals funds

Customers

  • Retail and institutional investors seeking preciou

Where it sits in the supply chain

  • Asset management
  • Precious metals/mining investment funds
  • Physical bullion trusts

What could go right

  • Gold/silver/uranium price strength driving AUM inflows
  • New fund launches

What could go wrong

  • Precious metals price downturn reducing AUM/fees
  • Niche focus limits diversification

Moat: narrow (brand, scale). Long-standing brand and scale in precious metals investing give it recognition advantages in a specialised niche.

Headquarters: Toronto, Canada · Founded: 1981 · Employees: 131

Named competitors

Sprott at a glance

Size Sprott (SII.TO) is a Canada Financials company (Investment Managers) with a market value of $2.96B, the 158th largest of 420 Canada companies the cockpit tracks. Shares closed at C$161.11 on 6 Nov 2026.

Performance Over six months the shares fell 17.2%, against +2.0% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd lowest of 21 in its peer set.

Growth Revenue grew 87.7% over the last twelve months (peer median +18.1%); the operating margin is 38.2% (peer median 27.6%).

Valuation It trades at 25.6× forward earnings against a peer median of 15.6× (4th most expensive of 19).

Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 103SII.TO 83
Six months, rebased to 100: Sprott against the median of its 20 peers (local-currency closes).

Sprott financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$572MC$405MC$245MC$229MC$194M
Revenue growth—+65%+7%+18%—
Gross profitC$534MC$374MC$226MC$214MC$176M
EBITDAC$222MC$137MC$99.9MC$88.5MC$46.9M
Net incomeC$158MC$94.1MC$67.5MC$56.4MC$23.0M
Free cash flowC$242MC$134MC$92.2MC$38.2MC$42.1M
Capital expenditureC$2.39MC$2.59MC$2.56MC$2.07MC$13.8M
Total debtC$0C$0C$0C$32.0MC$73.8M

Quarterly statements and history in the cockpit →

Sprott competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-10%0%+10%WTAJBAB600906APAMAAMITKOQLT000750NWLMANTAGCMGPNI1788002797NUVAMAANIMRATAMPRFSII.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Sprott is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%+200%10×20×30×WTAJB600906APAMAAMITKOQLTNWLMANTAGCMG002797NUVAMAANIMAMPRFSII.TORevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Sprott is the large dot.

Sprott competitors and peer comparison

Head to head with its named competitors (SII.TO vs ABDN.L vs WT vs BLK)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Sprott SII.TO$2.96B-17%+88%38%25.6×n/a
Aberdeen ABDN.L$5.36B+2%+2%37%14.3×n/a
WisdomTree WT$2.94B+2%+45%40%15.4×n/a
BlackRock BLK$192B+9%+24%36%18.9×n/a
State Street STT$45.0B+11%+2%33%11.1×n/a

How Sprott compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Sprott against its 20 peers (data as of 6 Nov 2026)
MeasureSII.TOPeer medianRank in peer set
1-month return-1.8%-0.7%10th lowest of 21
6-month return-17.2%+2.0%2nd lowest of 21
Distance from 52-week high-30.1%-18.8%4th lowest of 21
Revenue growth (TTM)+87.7%+18.1%2nd highest of 20
Operating margin38.2%27.6%5th highest of 20
Forward P/E25.6×15.6×4th most expensive of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Sprott SII.TOCanada$2.96B-17%+88%38%25.6×n/an/a
WisdomTree WTUnited States$2.94B+2%+45%40%15.4×n/an/a
AJ Bell AJB.LUnited Kingdom$3.04B+13%+19%42%19.2×n/an/a
AllianceBernstein Holding L.P ABUnited States$3.14B-13%n/an/a9.6×n/an/a
Caida Securities 600906.SSChina$2.78B-11%+10%36%19.7×n/an/a
Artisan Partners Asset Management APAMUnited States$3.17B+3%+6%36%10.6×n/an/a
Acadian Asset Management AAMIUnited States$3.23B+33%+25%27%15.4×n/an/a
Tikehau Capital SCA TKO.PAFrance$3.24B-10%+32%31%10.7×n/an/a
Quilter QLT.LUnited Kingdom$3.30B+5%+191%3%15.0×n/an/a
Sealand Securities 000750.SZChina$3.30B-12%+2%22%n/an/an/a
Netwealth NWL.AXAustralia$3.31B-13%+21%46%34.1×n/an/a
Mandatum MANTA.HEFinland$3.33B-10%+60%8%23.7×n/an/a
GCM Grosvenor GCMGUnited States$2.57B+11%+8%28%12.6×n/an/a
Pinnacle Investment Management PNI.AXAustralia$2.54B+2%+22%10%19.2×n/an/a
Guotai Junan International 1788.HKHong Kong$3.58B+10%+43%65%n/an/an/a
First Capital Securities 002797.SZChina$3.61B-24%-6%22%21.1×n/an/a
Nuvama Wealth Management NUVAMA.NSIndia$3.61B+25%+13%29%26.2×n/an/a
ANIMA ANIM.MIItaly$2.42B-5%+1%28%7.6×n/an/a
Rathbones RAT.LUnited Kingdom$2.42B-8%+5%26%9.9×n/an/a
AMP AMP.AXAustralia$3.69B+46%-5%-1%15.7×n/an/a
Eurazeo RF.PAFrance$3.70B+2%+18%-2%28.7×n/an/a

Questions

Who are Sprott's main competitors?
Named competitors: VanEck (private or unlisted), abrdn (physical metals ETFs) (ABDN.L), WisdomTree (WT), BlackRock (BLK), State Street (STT). The cockpit's measured peer set (industry) also includes WisdomTree (WT), AJ Bell (AJB.L), AllianceBernstein Holding L.P (AB), Caida Securities (600906.SS), Artisan Partners Asset Management (APAM), Acadian Asset Management (AAMI).
Is Sprott expensive compared with its peers?
On forward p/e it trades at 25.6× against a peer median of 15.6×, 4th most expensive of 19 in its peer set.
How has Sprott stock performed?
Over six months to 6 Nov 2026 the shares returned -17.2% against +2.0% for the median peer; over one year +36.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.