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Sprott Physical Silver Trust (TSX:PSLV.U) Cyclically Adjusted FCF per Share : $-0.04 (As of Mar. 2025)


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What is Sprott Physical Silver Trust Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Sprott Physical Silver Trust's adjusted free cash flow per share for the three months ended in Mar. 2025 was $0.073. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $-0.04 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Sprott Physical Silver Trust was 27.30% per year. The lowest was 5.90% per year. And the median was 16.60% per year.

As of today (2025-06-01), Sprott Physical Silver Trust's current stock price is $11.10. Sprott Physical Silver Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $-0.04. Sprott Physical Silver Trust's Cyclically Adjusted Price-to-FCF of today is .


Sprott Physical Silver Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sprott Physical Silver Trust's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sprott Physical Silver Trust Cyclically Adjusted FCF per Share Chart

Sprott Physical Silver Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.13 -0.06 -0.05 -0.05 -0.05

Sprott Physical Silver Trust Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.05 -0.05 -0.05 -0.05 -0.04

Competitive Comparison of Sprott Physical Silver Trust's Cyclically Adjusted FCF per Share

For the Asset Management subindustry, Sprott Physical Silver Trust's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sprott Physical Silver Trust's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sprott Physical Silver Trust's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Sprott Physical Silver Trust's Cyclically Adjusted Price-to-FCF falls into.


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Sprott Physical Silver Trust Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Sprott Physical Silver Trust's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.073/129.1809*129.1809
=0.073

Current CPI (Mar. 2025) = 129.1809.

Sprott Physical Silver Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.011 100.500 -0.014
201509 -0.012 100.421 -0.015
201512 -0.012 99.947 -0.016
201603 -0.009 101.054 -0.012
201606 -0.011 102.002 -0.014
201609 -0.020 101.765 -0.025
201612 -0.006 101.449 -0.008
201703 -0.009 102.634 -0.011
201706 -0.012 103.029 -0.015
201709 -0.010 103.345 -0.013
201712 -0.014 103.345 -0.018
201803 -0.008 105.004 -0.010
201806 -0.012 105.557 -0.015
201809 -0.010 105.636 -0.012
201812 -0.007 105.399 -0.009
201903 -0.007 106.979 -0.008
201906 -0.011 107.690 -0.013
201909 -0.010 107.611 -0.012
201912 -0.013 107.769 -0.016
202003 -0.007 107.927 -0.008
202006 -0.012 108.401 -0.014
202009 -0.014 108.164 -0.017
202012 -0.014 108.559 -0.017
202103 -0.010 110.298 -0.012
202106 -0.014 111.720 -0.016
202109 -0.017 112.905 -0.019
202112 -0.013 113.774 -0.015
202203 0.035 117.646 0.038
202206 -0.057 120.806 -0.061
202209 -0.011 120.648 -0.012
202212 0.010 120.964 0.011
202303 -0.033 122.702 -0.035
202306 -0.010 124.203 -0.010
202309 -0.011 125.230 -0.011
202312 -0.010 125.072 -0.010
202403 -0.015 126.258 -0.015
202406 -0.015 127.522 -0.015
202409 0.024 127.285 0.024
202412 -0.048 127.364 -0.049
202503 0.073 129.181 0.073

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Sprott Physical Silver Trust  (TSX:PSLV.U) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Sprott Physical Silver Trust Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Sprott Physical Silver Trust's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Sprott Physical Silver Trust Business Description

Traded in Other Exchanges
Address
200 Bay Street, Suite 2600, South Tower, Royal Bank Plaza, Toronto, ON, CAN, M5J 2J1
Sprott Physical Silver Trust is a closed-end mutual fund trust, created to invest and hold substantially all of its assets in physical silver bullion. The Trust seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion. The Trust achieves its objective by investing mainly in long-term holdings of unencumbered, fully allocated, physical silver bullion and does not speculate with regard to short-term changes in silver prices.

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