Sprott Focus Trust (FUND) - Net Assets
Based on the latest financial reports, Sprott Focus Trust (FUND) has net assets worth $248.90 Million USD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($250.80 Million) and total liabilities ($1.90 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Sprott Focus Trust liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $248.90 Million |
| % of Total Assets | 99.24% |
| Annual Growth Rate | 1.75% |
| 5-Year Change | 3.29% |
| 10-Year Change | 54.75% |
| Growth Volatility | 23.17 |
Sprott Focus Trust - Net Assets Trend (2006–2024)
This chart illustrates how Sprott Focus Trust's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Sprott Focus Trust for the complete picture of this company's asset base.
Annual Net Assets for Sprott Focus Trust (2006–2024)
The table below shows the annual net assets of Sprott Focus Trust from 2006 to 2024. For live valuation and market cap data, see FUND stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $250.88 Million | -5.65% |
| 2023-12-31 | $265.92 Million | +4.61% |
| 2022-12-31 | $254.19 Million | -5.53% |
| 2021-12-31 | $269.08 Million | +10.78% |
| 2020-12-31 | $242.90 Million | +3.22% |
| 2019-12-31 | $235.32 Million | +29.48% |
| 2018-12-31 | $181.75 Million | -20.28% |
| 2017-12-31 | $227.99 Million | +15.55% |
| 2016-12-31 | $197.31 Million | +21.71% |
| 2015-12-31 | $162.12 Million | -13.68% |
| 2014-12-31 | $187.80 Million | -1.88% |
| 2013-12-31 | $191.40 Million | +62.82% |
| 2008-12-31 | $117.55 Million | -38.39% |
| 2007-12-31 | $190.81 Million | +3.94% |
| 2006-12-31 | $183.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sprott Focus Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 12.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $56.71 Million | 22.60% |
| Common Stock | $194.17 Million | 77.40% |
| Total Equity | $250.88 Million | 100.00% |
Sprott Focus Trust Competitors by Market Cap
The table below lists competitors of Sprott Focus Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BK Technologies Inc
NYSE MKT:BKTI
|
$295.52 Million |
|
WCM Global Growth Ltd
AU:WQG
|
$295.54 Million |
|
Komax Holding AG
SW:KOMN
|
$295.64 Million |
|
Nano Dimension Ltd
F:2N5B
|
$295.80 Million |
|
Settlebank Corporation
KQ:234340
|
$295.17 Million |
|
Liton Technology
TWO:6175
|
$295.13 Million |
|
NervGen Pharma Corp
V:NGEN
|
$295.10 Million |
|
Relais Group Oyj
HE:RELAIS
|
$294.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sprott Focus Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 265,915,765 to 250,881,639, a change of -15,034,126 (-5.7%).
- Net income of 1,970,468 contributed positively to equity growth.
- Other factors decreased equity by 17,004,594.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.97 Million | +0.79% |
| Other Changes | $-17.00 Million | -6.78% |
| Total Change | $- | -5.65% |
Book Value vs Market Value Analysis
This analysis compares Sprott Focus Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.32x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.17x to 1.32x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $8.68 | $10.11 | x |
| 2014-12-31 | $8.26 | $10.11 | x |
| 2015-12-31 | $6.87 | $10.11 | x |
| 2016-12-31 | $8.07 | $10.11 | x |
| 2017-12-31 | $9.11 | $10.11 | x |
| 2018-12-31 | $6.97 | $10.11 | x |
| 2019-12-31 | $8.30 | $10.11 | x |
| 2020-12-31 | $8.08 | $10.11 | x |
| 2021-12-31 | $9.07 | $10.11 | x |
| 2022-12-31 | $8.49 | $10.11 | x |
| 2023-12-31 | $8.91 | $10.11 | x |
| 2024-12-31 | $7.64 | $10.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sprott Focus Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.95%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.00x
- Recent ROE (0.79%) is below the historical average (2.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 13.47% | 92.23% | 0.15x | 1.01x | $6.38 Million |
| 2007 | 10.88% | 62.04% | 0.16x | 1.10x | $1.67 Million |
| 2008 | -58.28% | -897.45% | 0.06x | 1.01x | $-80.26 Million |
| 2013 | 16.46% | 1003.18% | 0.02x | 1.02x | $12.36 Million |
| 2014 | 0.19% | 9.11% | 0.02x | 1.00x | $-18.42 Million |
| 2015 | -13.00% | -243.47% | 0.04x | 1.29x | $-37.29 Million |
| 2016 | 19.79% | 303.91% | 0.06x | 1.10x | $19.31 Million |
| 2017 | 15.59% | 98.64% | 0.14x | 1.15x | $12.74 Million |
| 2018 | -21.53% | 0.00% | -0.21x | 1.04x | $-57.31 Million |
| 2019 | 24.74% | 99.38% | 0.23x | 1.06x | $34.68 Million |
| 2020 | 5.53% | 96.57% | 0.06x | 1.02x | $-10.87 Million |
| 2021 | 19.24% | 99.18% | 0.19x | 1.00x | $24.82 Million |
| 2022 | -0.32% | 0.00% | 0.00x | 1.01x | $-26.23 Million |
| 2023 | 10.33% | 144.12% | 0.07x | 1.00x | $885.69K |
| 2024 | 0.79% | 9.95% | 0.08x | 1.00x | $-23.12 Million |
Industry Comparison
This section compares Sprott Focus Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,450,737,970
- Average return on equity (ROE) among peers: 9.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sprott Focus Trust (FUND) | $248.90 Million | 13.47% | 0.01x | $295.38 Million |
| Acadian Asset Management Inc (AAMI) | $49.50 Million | 132.93% | 11.35x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $93.70 Million | 49.33% | 0.08x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $17.85 Million | -32.96% | 4.15x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $3.52 Billion | 4.94% | 0.76x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $5.99 Billion | 24.73% | 23.64x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $1.70 Billion | 3.00% | 0.22x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $117.70 Million | 62.05% | 6.95x | $2.65 Billion |
About Sprott Focus Trust
Sprott Focus Trust, Inc. is a closed-ended equity mutual fund launched and managed by Sprott Asset Management, LP. The fund is co-managed by Sprott Asset Management USA Inc. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies across all market capitaliz… Read more