Sprott Physical Gold and Silver Trust
Sprott Physical Gold and Silver Trust is an exchange traded commodity launched and managed by Sprott Asset Management LP. The fund invests in commodity markets. It invests in London Good Delivery physical gold and silver bullion. Sprott Physical Gold and Silver Trust was formed on October 26, 2017 and is domiciled in Canada.
Sprott Physical Gold and Silver Trust (CEF) - Net Assets
Latest net assets as of September 2025: CA$7.31 Billion CAD
Based on the latest financial reports, Sprott Physical Gold and Silver Trust (CEF) has net assets worth CA$7.31 Billion CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$7.31 Billion) and total liabilities (CA$2.03 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$7.31 Billion |
| % of Total Assets | 99.97% |
| Annual Growth Rate | 12.43% |
| 5-Year Change | 13.32% |
| 10-Year Change | 59.53% |
| Growth Volatility | 51.03 |
Sprott Physical Gold and Silver Trust - Net Assets Trend (2005–2024)
This chart illustrates how Sprott Physical Gold and Silver Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sprott Physical Gold and Silver Trust (2005–2024)
The table below shows the annual net assets of Sprott Physical Gold and Silver Trust from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$5.01 Billion | +18.50% |
| 2023-12-31 | CA$4.23 Billion | +5.80% |
| 2022-12-31 | CA$4.00 Billion | -2.35% |
| 2021-12-31 | CA$4.09 Billion | -7.44% |
| 2020-12-31 | CA$4.42 Billion | +49.45% |
| 2019-12-31 | CA$2.96 Billion | +5.45% |
| 2018-12-31 | CA$2.81 Billion | +248.88% |
| 2017-12-31 | CA$-1.89 Billion | -153.84% |
| 2016-12-31 | CA$3.50 Billion | +11.44% |
| 2015-12-31 | CA$3.14 Billion | -2.96% |
| 2014-12-31 | CA$3.24 Billion | -18.74% |
| 2013-12-31 | CA$3.98 Billion | -26.84% |
| 2012-12-31 | CA$5.45 Billion | -3.10% |
| 2011-12-31 | CA$5.62 Billion | +43.88% |
| 2010-12-31 | CA$3.91 Billion | +63.99% |
| 2009-12-31 | CA$2.38 Billion | +97.87% |
| 2008-12-31 | CA$1.20 Billion | -2.71% |
| 2007-12-31 | CA$1.24 Billion | +47.97% |
| 2006-12-31 | CA$836.33 Million | +54.59% |
| 2005-12-31 | CA$541.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sprott Physical Gold and Silver 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 2973.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$2.11 Billion | 42.15% |
| Common Stock | CA$2.90 Billion | 57.92% |
| Total Equity | CA$5.01 Billion | 100.00% |
Sprott Physical Gold and Silver Trust Competitors by Market Cap
The table below lists competitors of Sprott Physical Gold and Silver Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tangiamo Touch Technology AB
ST:TANGI
|
$452.63K |
|
BARNES GROUP
BE:BG4
|
$453.29K |
|
Darmi Bersaudara Tbk PT
JK:KAYU
|
$453.44K |
|
ETQ
BATS:ETQ
|
$453.67K |
|
Greenlit Ventures Inc
PINK:GLVT
|
$452.32K |
|
GenixPharmaceucticals Corporation
V:GENX
|
$451.93K |
|
EGRNF
PINK:EGRNF
|
$451.82K |
|
James Bay Resources Limited
PINK:JMBRF
|
$451.01K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sprott Physical Gold and Silver Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,230,135,000 to 5,012,502,000, a change of 782,367,000 (18.5%).
- Net income of 1,016,974,000 contributed positively to equity growth.
- Share repurchases of 5,791,000 reduced equity.
- Other comprehensive income increased equity by 3,177,999.
- Other factors decreased equity by 231,993,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.02 Billion | +20.29% |
| Share Repurchases | CA$5.79 Million | -0.12% |
| Other Comprehensive Income | CA$3.18 Million | +0.06% |
| Other Changes | CA$-231.99 Million | -4.63% |
| Total Change | CA$- | 18.50% |
Book Value vs Market Value Analysis
This analysis compares Sprott Physical Gold and Silver 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: 2.83x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 12.09x to 2.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CA$5.74 | CA$69.42 | x |
| 2006-12-31 | CA$8.56 | CA$69.42 | x |
| 2007-12-31 | CA$10.87 | CA$69.42 | x |
| 2008-12-31 | CA$9.11 | CA$69.42 | x |
| 2009-12-31 | CA$13.63 | CA$69.42 | x |
| 2010-12-31 | CA$16.39 | CA$69.42 | x |
| 2011-12-31 | CA$22.09 | CA$69.42 | x |
| 2012-12-31 | CA$21.52 | CA$69.42 | x |
| 2013-12-31 | CA$15.66 | CA$69.42 | x |
| 2014-12-31 | CA$12.72 | CA$69.42 | x |
| 2015-12-31 | CA$12.35 | CA$69.42 | x |
| 2016-12-31 | CA$13.79 | CA$69.42 | x |
| 2017-12-31 | CA$0.00 | CA$69.42 | x |
| 2018-12-31 | CA$12.11 | CA$69.42 | x |
| 2019-12-31 | CA$15.05 | CA$69.42 | x |
| 2020-12-31 | CA$21.12 | CA$69.42 | x |
| 2021-12-31 | CA$18.54 | CA$69.42 | x |
| 2022-12-31 | CA$18.36 | CA$69.42 | x |
| 2023-12-31 | CA$19.71 | CA$69.42 | x |
| 2024-12-31 | CA$24.49 | CA$69.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sprott Physical Gold and Silver Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.29%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 99.62%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.00x
- Recent ROE (20.29%) is above the historical average (-44687963.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 7.88% | 92.54% | 0.08x | 1.00x | CA$-11.45 Million |
| 2006 | 25.37% | 98.24% | 0.26x | 1.00x | CA$128.55 Million |
| 2007 | 17.63% | 98.04% | 0.18x | 1.00x | CA$94.46 Million |
| 2008 | -29.28% | 0.00% | -0.29x | 1.00x | CA$-472.97 Million |
| 2009 | 30.58% | 99.15% | 0.31x | 1.00x | CA$490.40 Million |
| 2010 | 24.21% | 99.01% | 0.24x | 1.00x | CA$555.12 Million |
| 2011 | 24.40% | 98.85% | 0.25x | 1.00x | CA$809.31 Million |
| 2012 | -3.16% | 0.00% | -0.03x | 1.00x | CA$-716.74 Million |
| 2013 | -36.62% | 0.00% | -0.36x | 1.00x | CA$-1.86 Billion |
| 2014 | -22.98% | 0.00% | -0.23x | 1.00x | CA$-1.07 Billion |
| 2015 | -2.97% | 0.00% | -0.03x | 1.00x | CA$-407.52 Million |
| 2016 | 10.58% | 96.90% | 0.11x | 1.00x | CA$20.23 Million |
| 2017 | -893759363.87% | 0.00% | -7431045.17x | 1.00x | CA$-70.25 Million |
| 2018 | -9.16% | 0.00% | -0.09x | 1.00x | CA$-537.71 Million |
| 2019 | 14.17% | 97.98% | 0.14x | 1.00x | CA$123.49 Million |
| 2020 | 22.79% | 99.59% | 0.23x | 1.00x | CA$565.72 Million |
| 2021 | -7.59% | 0.00% | -0.07x | 1.00x | CA$-720.14 Million |
| 2022 | 0.12% | 58.00% | 0.00x | 1.00x | CA$-395.11 Million |
| 2023 | 7.29% | 98.59% | 0.07x | 1.00x | CA$-114.48 Million |
| 2024 | 20.29% | 99.62% | 0.20x | 1.00x | CA$515.72 Million |
Industry Comparison
This section compares Sprott Physical Gold and Silver Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $308,929,347
- Average return on equity (ROE) among peers: -1.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sprott Physical Gold and Silver Trust (CEF) | CA$7.31 Billion | 7.88% | 0.00x | $452.56K |
| Alaris Equity Partners Income Trust (AD-UN) | $604.54 Million | 1.97% | 0.32x | $616.42 Million |
| AI Artificial Intelligence Ventures Inc. (AIVC) | $4.27 Million | -129.03% | 0.20x | $5.48 Million |
| Brookfield Global Infrastructure Securities Income Fund (BGI-UN) | $354.64 Million | 11.23% | 0.49x | $48.58K |
| Bankers Petroleum Ltd (BNK) | $28.51 Million | 46.55% | 0.58x | $113.70K |
| Canso Select Opportunities Corporation (CSOC-B) | $12.03 Million | -8.99% | 0.00x | $8.94 Million |
| CoTec Holdings Corp. (CTH) | $-59.00K | 0.00% | 0.00x | $51.82 Million |
| Clairvest Group Inc. (CVG) | $1.25 Billion | 9.75% | 0.14x | $159.95 Million |
| Dividend Growth Split Corp (DGS) | $296.85 Million | 37.60% | 1.53x | $52.33K |
| E Split Corp Class A (ENS) | $227.99 Million | 17.94% | 0.77x | $118.61K |