(PHYS) Physical Gold Trust - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 16.407m USD | Total Return: 27% in 12m
Avg Turnover: 71.8M
Rev. Trend: 75.7%
Warnings
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Sprott Physical Gold Trust (PHYS) is a closed-end trust that invests directly in unencumbered physical gold bullion. Managed by Sprott Asset Management LP and domiciled in Canada, the trust mandates that its holdings be stored in London Good Delivery bar form. Unlike many synthetic gold products, this structure allows unit holders to redeem their shares for physical bullion on a monthly basis, subject to minimum requirements.
The trust operates within the asset management industry, specifically focusing on hard assets that serve as a hedge against currency devaluation and systemic financial risk. Physical gold trusts differ from gold mining equities because their valuation is tied directly to the spot price of the metal rather than operational risks, such as labor costs or jurisdictional mining regulations. Investors often use these vehicles to gain exposure to the commodity without the logistical challenges of private storage and insurance.
Reviewing historical performance data on ValueRay can help clarify how this trust fits into a diversified portfolio. Sprott Physical Gold Trust has been publicly traded since February 2010 and currently maintains a large-cap valuation within the financial sector.
- Spot gold prices drive net asset value and share price
- Central bank gold purchases support long-term physical demand
- Real interest rate fluctuations impact investor demand for bullion
- Tax advantages over ETFs attract long-term U.S. retail capital
| Net Income: 5.61b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.32 > 0.02 and ΔFCF/TA 5.77 > 1.0 |
| NWC/Revenue: 1.63k% < 20% (prev 2.87%; Δ 1.63k% < -1%) |
| CFO/TA -0.00 > 3% & CFO -17.0m > Net Income 5.61b |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| Outstanding Shares: last quarter (481.8m) vs 12m ago 13.54% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 7.54% > 50% (prev 26.74%; Δ -19.20% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 1.0 (Total Current Assets 17.3b - Total Current Liabilities 0.0) / Total Assets 17.3b |
| B: 0.55 (Retained Earnings 9.59b / Total Assets 17.3b) |
| C: 0.40 (EBIT TTM 5.61b / Avg Total Assets 14.0b) |
| D: 2.75k (Book Value of Equity 17.3b / Total Liabilities 6.29m) |
| Altman-Z'' = 2.90k = AAA |
As of June 07, 2026, the stock is trading at USD 32.54 with a total of 3,440,961 shares traded.
Over the past week, the price has changed by -5.46%,
over one month by -5.54%,
over three months by -15.72% and
over the past year by +27.01%.
Physical Gold Trust has no consensus analysts rating.
P/E Trailing = 2.9071
P/S = 2.8579
P/B = 0.9293
Revenue TTM = 1.06b USD
EBIT TTM = 5.61b USD
EBITDA TTM = 5.61b USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 16.4b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = unknown (Ebit TTM 5.61b / Interest Expense TTM 0.0)
EV/FCF = 2.92x (Enterprise Value 16.4b / FCF TTM 5.61b)
FCF Yield = 34.19% (FCF TTM 5.61b / Enterprise Value 16.4b)
FCF Margin = 530.7% (FCF TTM 5.61b / Revenue TTM 1.06b)
Net Margin = 530.7% (Net Income TTM 5.61b / Revenue TTM 1.06b)
Gross Margin = unknown ((Revenue TTM 1.06b - Cost of Revenue TTM 52.3m) / Revenue TTM)
Tobins Q-Ratio = 0.95 (Enterprise Value 16.4b / Total Assets 17.3b)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 4.43b (EBIT 5.61b * (1 - 21.00%))
Current Ratio = 2.75k (out of range, set to none) (Total Current Assets 17.3b / Total Current Liabilities 6.29m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 5.61b)
Debt / FCF = unknown (Net Debt none / FCF TTM 5.61b)
Total Stockholder Equity = 14.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 40.04% (Net Income 5.61b / Total Assets 17.3b)
RoE = 37.83% (Net Income TTM 5.61b / Total Stockholder Equity 14.8b)
RoCE = 32.46% (EBIT 5.61b / Capital Employed (Total Assets 17.3b - Current Liab 0.0))
RoIC = 44.3k% (out of range, set to none) (EBIT 5.61b / (Assets 17.3b - Curr.Liab 0.0 - Cash 17.3b))
WACC = 6.73% (E(16.4b)/V(16.4b) * Re(6.73%) + (debt-free company))
Discount Rate = 6.73% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 8.46%
[DCF] Terminal Value 77.97% ; FCFF base≈4.51b ; Y1≈5.17b ; Y5≈7.61b
[DCF] Fair Price = 240.4 (EV 115b - Net Debt 0.0 = Equity 115b / Shares 476.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
Revenue Correlation: 75.68 | Revenue CAGR: 97.65% | SUE: N/A | # QB: 0