(PSLV) Physical Silver - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE ARCA (USA) | Market Cap: 15.640m USD | Total Return: 115.3% in 12m
Avg Turnover: 199M
Warnings
Share dilution 21.7% YoY
Below Avwap Earnings
Tailwinds
Leader
Sprott Physical Silver Trust (PSLV) is a closed-end trust that provides investors with direct exposure to physical silver bullion. Managed by Sprott Asset Management LP and domiciled in Canada, the fund holds its assets in London Good Delivery bars, stored securely at the Royal Canadian Mint.
Unlike many silver ETFs that use derivatives or futures contracts, this trust’s business model focuses on physical ownership, allowing unit holders to redeem their shares for physical bullion under specific conditions. Silver serves a dual role in the global economy, acting as both a precious metal for wealth preservation and a critical industrial component in the production of solar panels and electronics.
For a deeper analysis of the trusts historical performance and valuation metrics, consider reviewing the data available on ValueRay.
- Global silver spot price fluctuations directly dictate net asset value performance
- Industrial demand for photovoltaics and electronics impacts underlying silver market tightness
- Institutional investor sentiment toward safe haven assets drives secondary market premiums
- Federal Reserve monetary policy and real interest rate shifts influence silver demand
- Physical silver storage costs and management fees impact long term fund returns
| Net Income: 8.21b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.50 > 0.02 and ΔFCF/TA 25.45 > 1.0 |
| NWC/Revenue: 25.2k% < 20% (prev 3.76%; Δ 25.2k% < -1%) |
| CFO/TA -0.01 > 3% & CFO -116.4m > Net Income 8.21b |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 86.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (634.0m) vs 12m ago 21.74% < -2% |
| Gross Margin: 17.09% > 18% (prev 0.98%; Δ 1.61k% > 0.5%) |
| Asset Turnover: 0.57% > 50% (prev 24.88%; Δ -24.31% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
| A: 0.99 (Total Current Assets 16.3b - Total Current Liabilities 189.9m) / Total Assets 16.3b |
| B: 0.59 (Retained Earnings 9.63b / Total Assets 16.3b) |
| C: 0.73 (EBIT TTM 8.21b / Avg Total Assets 11.3b) |
| D: 227k (Book Value of Equity 16.3b / Total Liabilities 72.0k) |
| Altman-Z'' = 238k = AAA |
As of May 24, 2026, the stock is trading at USD 24.67 with a total of 7,079,508 shares traded.
Over the past week, the price has changed by -1.46%,
over one month by -0.57%,
over three months by -18.16% and
over the past year by +115.28%.
Physical Silver has no consensus analysts rating.
P/S = 1.8975
P/B = 1.1064
Revenue TTM = 64.2m USD
EBIT TTM = 8.21b USD
EBITDA TTM = 8.21b USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 15.6b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = unknown (Ebit TTM 8.21b / Interest Expense TTM 0.0)
EV/FCF = 1.91x (Enterprise Value 15.6b / FCF TTM 8.21b)
FCF Yield = 52.49% (FCF TTM 8.21b / Enterprise Value 15.6b)
FCF Margin = 12.8k% (FCF TTM 8.21b / Revenue TTM 64.2m)
Net Margin = 12.8k% (Net Income TTM 8.21b / Revenue TTM 64.2m)
Gross Margin = 17.09% ((Revenue TTM 64.2m - Cost of Revenue TTM 53.2m) / Revenue TTM)
Gross Margin QoQ = 68.16% (prev none%)
Tobins Q-Ratio = 0.96 (Enterprise Value 15.6b / Total Assets 16.3b)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 6.49b (EBIT 8.21b * (1 - 21.00%))
Current Ratio = 85.59 (Total Current Assets 16.3b / Total Current Liabilities 191.0m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 8.21b)
Debt / FCF = unknown (Net Debt none / FCF TTM 8.21b)
Total Stockholder Equity = 11.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 72.56% (Net Income 8.21b / Total Assets 16.3b)
RoE = 68.81% (Net Income TTM 8.21b / Total Stockholder Equity 11.9b)
RoCE = 50.81% (EBIT 8.21b / Capital Employed (Total Assets 16.3b - Current Liab 189.9m))
RoIC = 44.16% (NOPAT 6.49b / Invested Capital 14.7b)
WACC = 9.31% (E(15.6b)/V(15.6b) * Re(9.31%) + (debt-free company))
Discount Rate = 9.31% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.11 | Cagr: 12.38%
[DCF] Terminal Value 74.92% ; FCFF base≈5.55b ; Y1≈6.36b ; Y5≈9.36b
[DCF] Fair Price = 189.5 (EV 120b - Net Debt 0.0 = Equity 120b / Shares 635.8m; r=9.31% [WACC]; 5y FCF grow 15.0% → 2.50% )
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: N/A | # QB: 0