Sprott Focus Trust, Inc. (FUND) AI Stock Analysis
FUND AI stock analysis summary
AI ResearchSprott Focus Trust, Inc. (FUND) is a closed-end equity mutual fund targeting value stocks across U.S. markets. Over the trailing twelve months, the fund generated revenue of $8.3M and an EPS of $2.71. It yields 6.20% with a market capitalization of $287.8M.
- Market cap
- $287.8M
- Revenue (TTM)
- $8.3M
- P/E
- 3.6x
- 1Y return
- 23.3% S&P 500 16.8%
- Avg. target
- —
Bull case
- FUND offers an attractive forward dividend yield of 6.20% backed by 16 consecutive years of payments.
- Trailing net income advanced significantly to $54.0M in FY2025, alongside an EPS of $2.71 over the trailing twelve months.
- The fund trades at a price-to-book ratio of 0.9x and a trailing P/E of 3.6x, well below the 12.1x median of its US-listed Financial Services peers.
Bear case
- Quarterly revenue growth slipped by 1.2% year-over-year in the latest quarter ended June 30, 2026.
- Cash and short-term investments stood at $48,251 as of June 30, 2026.
- The fund's 5-year return of 63.1% underperformed the S&P 500 benchmark return of 83.0%.
What Sprott Focus does
Sprott Focus Trust, Inc., originally known as Royce Focus Trust, Inc., operates as a closed-ended equity mutual fund managed by Sprott Asset Management, LP, and Sprott Asset Management USA Inc. Established on March 2, 1988, and domiciled in the United States, the fund primarily invests in public equity markets across the country. It concentrates on value stocks across diverse sectors and market capitalizations, seeking companies with strong value potential to deliver competitive shareholder returns. The fund benchmarks its performance against the Russell 3000 Index while applying a disciplined portfolio management approach designed to optimize returns and manage risk effectively.
Growth and profitability
FUND recorded a 5-year revenue CAGR of 9.4% from FY2020 to FY2025. Annual revenue shifted from $52.1M in FY2021 down to -$442,372 in FY2022, before recovering to $19.1M in FY2023, $19.8M in FY2024, and $21.8M in FY2025. Net income was $51.7M in FY2021, -$811,074 in FY2022, $27.5M in FY2023, $2.0M in FY2024, and reached $54.0M in FY2025. For the trailing twelve months, revenue was $8.3M with an operating margin of 61.1% and a profit margin of 968.9%. In the latest quarter ended June 30, 2026, quarterly revenue growth declined 1.2% year-over-year, while quarterly earnings growth increased 335.9%.
Balance sheet and cash flow
As of June 30, 2026, the fund held $48,251 in cash and short-term investments. Total assets stood at $313.9M, while shareholders' equity was $311.8M. The fund's 5-year share count change shows 0.0%. Return on equity over the trailing twelve months was 28.7%, alongside a return on assets of 1.1%.
Valuation and performance
FUND trades at a trailing price-to-earnings multiple of 3.6x, compared to 12.1x for the median of its US-listed Financial Services peers. Its price-to-book ratio is 0.9x and enterprise value to revenue is 3.7x. The fund's price-to-sales multiple is 34.6x, above the peer group median of 3.2x. Over the past year, FUND generated a return of 23.3%, exceeding the S&P 500 (SPY) return of 16.8%. Over a 5-year period, the stock returned 63.1%, trailing the SPY return of 83.0%.
FUND dividend
FUND pays a quarterly dividend with an annual forward dividend of $0.60, representing a dividend yield of 6.20%. The fund's payout ratio is 21.9%. It has paid consecutive dividends for 16 years, with a 5-year annualized dividend growth rate of 1.1%. The last ex-dividend date was September 15, 2026.
What analysts expect
FUND has beat earnings per share estimates in 3 of the last 4 quarters. The stock last closed at $9.70 on October 16, 2026, with a beta of 0.93. The fund carries a short interest representing 0.1% of its float.
Key risks and what to watch
- Annual revenue has demonstrated historical volatility, falling from $52.1M in FY2021 to -$442,372 in FY2022.
- The price-to-sales ratio of 34.6x is elevated relative to the peer group median of 3.2x.
- The fund held only $48,251 in cash and short-term investments against $313.9M in total assets as of June 30, 2026.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this FUND AI stock analysis
This page is an AI-written research summary of Sprott Focus Trust, Inc. (FUND). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: FUND income statement, FUND balance sheet, FUND key metrics, FUND chart. See the FUND stock overview for the latest quote and news.
FUND AI stock analysis FAQ
What dividend does FUND pay?
FUND pays a quarterly dividend totaling an annual forward payout of $0.60, which corresponds to a 6.20% dividend yield. The payout ratio stands at 21.9%.
How does FUND's valuation compare to its peers?
FUND trades at a trailing P/E of 3.6x and a price-to-book ratio of 0.9x, compared to the median trailing P/E of 12.1x for US-listed Financial Services peers. However, its price-to-sales ratio is 34.6x compared to the peer median of 3.2x.
What is the primary investment strategy of Sprott Focus Trust?
Sprott Focus Trust is a closed-end fund focusing primarily on value stocks across sectors and market capitalizations in the U.S. equity markets, using the Russell 3000 Index as its benchmark.
What was FUND's return over the last year?
FUND delivered a 1-year return of 23.3% as of October 16, 2026, outperforming the S&P 500 return of 16.8% over the same timeframe.