Stock fact sheet · data as of
Sprott Focus Trust, Inc. (FUND): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · Canada · Speculative / Distressed
Is FUND undervalued?
At 9.76 (close of 16 Oct 2026), FUND trades 85% below the GLS average fair value of 64.98. That average comes from 7 models run on the latest filings, and 5 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Sprott Focus Trust, Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between DCF (3.98) and GLS Growth (165.04). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files FUND under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for FUND
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 3.98 | -59% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 25.17 | +158% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 154.21 | +1480% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 67.40 | +591% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 165.04 | +1591% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 9.08 | -7% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 29.95 | +207% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.0001 | -100% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Sprott Focus Trust, Inc. scores only 0 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 2.1/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are high - ROIC 18.8%, ROE 18.8%, ROA 18.6% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 6.32% (payout ratio 0%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 8/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 29 Sep 2026.
| Piotroski F-score | 0 / 9 | ROIC | 18.8% |
|---|---|---|---|
| GLS Moat | 2.1 / 10 | ROE | 18.8% |
| Debt / equity | 0.00 | ROA | 18.6% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 8 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 34: No options
No options are listed on Sprott Focus Trust, Inc. in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 34) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 22k shares a day on a market cap of $290M, with a beta of 0.93; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 85% margin of safety | |
| Health | 0 / 20 | Piotroski 0/9 | |
| Moat | 3 / 15 | moat 2.1/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 22k shares/day, $290M cap, beta 0.93 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for FUND in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
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| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CAF Morgan Stanley China A Share Fund Inc. | 17.05 | 217.91 | +92% | 39Weak | $291M |
| MXF The Mexico Fund, Inc. | 20.19 | 152.63 | +87% | 39No options | $291M |
| JCE Nuveen Core Equity Alpha Fund | 17.15 | 76.97 | +78% | 34No options | $292M |
| FRMO FRMO Corp. | 6.63 | 39.45 | +83% | 39No options | $292M |
| PSBD Palmer Square Capital BDC Inc. | 9.55 | 16,252.65 | +100% | 39No options | $293M |
| AGD abrdn Global Dynamic Dividend Fund | 11.24 | 70.93 | +84% | 39No options | $294M |
| CFNB California First Leasing Corporation | 1,586.17 | 23,788.81 | +93% | 39No options | $285M |
| GECCG Great Elm Capital Corp. 7.75% Notes Due 2030 | 24.54 | 55.78 | +56% | 34No options | $284M |
| TNBIX 1290 SmartBeta Equity Fund Class I | 21.59 | 7.36 | -193% | 20No options | $282M |
| AFB AllianceBernstein National Municipal Income Fund | 9.76 | 14.94 | +35% | 39No options | $281M |
| RFMZ RiverNorth Flexible Municipal Income Fund II, Inc. | 11.50 | 25.91 | +56% | 39No options | $280M |
| MPAIX Morgan Stanley Insti Fd Advantage Portfolio Cl I | 28.00 | 0.1072 | -26021% | 20No options | $300M |
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Start free See the Sunday ScanQuestions about FUND
Is FUND undervalued right now?
By the GLS models, yes: at 9.76 the stock is 85% below the average fair value of 64.98 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of FUND and what does it mean?
FUND has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for FUND?
64.98 per share as of 16 Oct 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Sprott Focus Trust, Inc. report earnings next?
No upcoming earnings date is recorded for FUND in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does FUND have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on FUND, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.