Source Capital

Report azionario NYSE:SOR

Capitalizzazione di mercato: US$371.7m

Source Capital Performance degli utili passati

Criteri Il passato verificati 4/6

Source Capital ha registrato una crescita degli utili a un tasso medio annuo di 9.2%, mentre il settore Capital Markets ha registrato utili in crescita a un tasso medio annuo di 6.1%. I ricavi sono stati in crescita a un tasso medio annuo di 16.5%. Il ritorno sul capitale proprio di Source Capital è 15% e ha margini netti di 287.1%.

Informazioni chiave

9.19%

Tasso di crescita degli utili

9.72%

Tasso di crescita dell'EPS

Capital Markets Crescita del settore10.26%
Tasso di crescita dei ricavi16.52%
Rendimento del capitale proprio14.98%
Margine netto287.06%
Ultimo aggiornamento sugli utili31 Dec 2025

Aggiornamenti sulle prestazioni recenti

Nessun aggiornamento

Recent updates

Seeking Alpha • Jun 05

Soaring With SOR? Let's Run The Numbers

Summary Source Capital (SOR) offers strong long-term returns and outperforms the S&P 500 in risk-adjusted metrics like inflation-beating and downside protection. SOR's portfolio is globally diversified with a flexible asset allocation, currently holding 58% in credit and fixed assets, not just equities. Compared to traditional 70/30 or 60/40 portfolios, SOR delivers higher returns but with significantly higher volatility and larger drawdowns. SOR is a Buy for investors prioritizing profit and inflation-beating returns, but risk-averse investors may prefer more stable allocation funds. Read the full article on Seeking Alpha
Seeking Alpha • Nov 27

SOR: Robust CEF, Effective 60/40 Retirement Fund

Summary Source Capital is a closed-end fund that seeks to provide total return to its shareholders through a combination of capital appreciation and investment income. SOR invests in a diversified portfolio of equities and fixed income securities, with a global focus on the equity side. SOR has a strong track record of outperforming simple 60/40 ETFs, but it is not leveraged. The fund is an effective retirement fund tool with a low standard deviation when compared to the S&P 500 and active management. Read the full article on Seeking Alpha
Seeking Alpha • Jan 03

Source Capital scraps 2022 tender offer under discount management program

Source Capital (NYSE:SOR) said Tuesday the tender offer for 2022 under its discount management program will not occur. This is because from January 1, 2022 through December 31, it traded at an average discount to NAV of less than 10%. The fund also traded at a discount to NAV of 4% at 2022-end, one of its lowest discounts in the past 10 years. Source Capital (SOR) also announced a contingent tender offer for 2024. The contingent tender offer in place for 2023 has been extended through the year ending December 31, 2024. Source Capital (SOR) will conduct a tender offer for 10% of its outstanding shares at a price equal to 98% of NAV per share . The program may be extend beyond 2024. Source Capital (SOR) will continue to implement its stock repurchase program. As of November 30, ~29% of the fund is invested in, or committed to, the private-credit/loan asset class vs. ~25% as of December 31, 2021. Read why SA author Binary Tree Analytics believes Source Capital (SOR) is the best performing 60/40 closed-end fund.
Seeking Alpha • Dec 17

SOR: The Best Performing 60/40 CEF, Now With A Discount

Summary SOR is a closed-end fund that broadly follows a 60% equity, 40% fixed income allocation. The vehicle displays the best risk/reward analytics from the analyzed cohort, and currently trades at a discount to NAV. The 60/40 portfolio has experienced a historic high drawdown in 2022, on the back of a positive correlation with stocks. The article compares a number of 60/40 CEFs we have recently reviewed. Binary Tree Analytics (BTA) runs a diversified portfolio, focused on CEFs and yield-generating options strategies. Thesis We have looked at a number of 60/40 or 70/30 CEFs as of late, hence we are going to do a re-fresh on Source Capital (SOR) and see how the fund is doing and how it benchmarks against the cohort. The 60% equity, 40% bonds portfolio is the result of a classic portfolio build, that advocates for lower volatility by utilizing this asset distribution matrix. In a normalized rates environment when equities sell off, bond yields decrease, hence the relationship does exhibit a set-off. This year has been different, with one of the most negative historical performances for this type of portfolio: Historic Performance (Compound Capital) Due to both rising rates and lower equities, the 60/40 portfolio has taken a severe beating. There are many voices questioning the long term viability of this set-up. We do not think the 60/40 portfolio is dead, and with most of the rate hikes now behind us, the market is now starting to price in rate cuts for late 2023 / beginning of 2024. We have analyzed and reviewed a number of CEFs in this space: Clough Global Equity (NYSE:GLQ) which we reviewed here Clough Global Dividend and Income Fund (GLV) which we reviewed here Thornburg Income Builder Opportunities Trust (TBLD) which we analyzed here and the iShares Core Growth Allocation ETF (AOR) which we reviewed here We are going to summarize them and look at their leverage, risk/reward metrics and performance to gauge the best allocation from the cohort. Ultimately, like in any other instance, the CEF wrapper purely transforms capital markets gains into monthly dividends, so if the CEF structures do not deliver an outperformance or even a matching performance to a plain vanilla index via an ETF, there is no point investing in such instruments. CEF Comparison (Author) We have parsed out the CEFs vs the ETF in the above table. We can see there are some CEFs with no leverage (such as SOR and TBLD), while the ETF, by its construction has zero leverage. The highest standard deviation is exposed by the most leveraged name, i.e. GLQ. GLQ has the largest drawdown as well, but not the lowest Sharpe ratio. That is reserved for GLV, which we penciled in as a Sell in our most recent article. The highest Sharpe ratio (risk/reward ratio) comes from SOR. So does the largest 5-year total return. Performance Comparison On a year to date basis, SOR is the best performing fund: Total Return (Seeking Alpha) Moreover, SOR has the shallowest drawdown from all of the analyzed vehicles. On the metric observed above, SOR outperforms handily the AOR ETF, which speaks well to the fund. The story is very similar on a 5-year time frame: Total Return (Seeking Alpha) We can see that the most leveraged fund GLQ was the outperformer during the zero rates environment, but due to the market drawdown this year the fund has fallen the most. Leverage helps on the way up, but it really drags you in on the way down. SOR Holdings The fund has decreased its equity sleeve as of late: Allocation (Fund Fact Sheet) We can see from the above pie chart that the CEF has reduced the equity slice to roughly 50% now (when adding the U.S. Equity and the Non-U.S Equity slices). On the bond side it has an even distribution among Private Credit, IG Credit and Non-IG names.
Seeking Alpha • Nov 15

Source Capital declares $0.185 dividend

Source Capital (NYSE:SOR) declares $0.185/share monthly dividend, in line with previous. Forward yield 5.97% Payable Dec. 29; for shareholders of record Dec. 16; ex-div Dec. 15. Payable Jan. 31; for shareholders of record Jan. 17; ex-div Jan. 16. Payable Feb. 28; for shareholders of record Feb. 16; ex-div Feb. 15. See SOR Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Aug 09

Source Capital declares $0.185 dividend

Source Capital (NYSE:SOR) declares $0.185/share monthly dividend, in line with previous. Forward yield 5.77% Payable Sept. 30; for shareholders of record Sept. 16; ex-div Sept. 15. Payable Oct. 31; for shareholders of record Oct. 18; ex-div Oct. 17. Payable Nov. 30; for shareholders of record Nov. 16; ex-div Nov. 15. See SOR Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • May 04

Source Capital: 60/40 CEF That Works

SOR is a closed-end fund that broadly follows a 60% equity, 40% fixed income allocation. The fund has very robust long-term trailing total returns. The vehicle displays strong risk/reward analytics, currently trades at a 7.42% discount to NAV. This article covers CEFs from our suite of products - we focus on macro portfolio allocation, CEFs and yield-producing options strategies, targeting overall returns of 9%+.

Ripartizione dei ricavi e delle spese

Come Source Capital guadagna e spende denaro. In base agli ultimi utili dichiarati, su base LTM.

Storico di utili e ricavi

NYSE:SOR Ricavi, spese e utili (USD Millions )
DataRicaviUtiliSpese G+ASpese di R&S
31 Dec 25216030
30 Sep 25205140
30 Jun 25194340
31 Mar 25204140
31 Dec 24213940
30 Sep 24214530
30 Jun 24215030
31 Mar 24205230
31 Dec 23205430
30 Sep 23184730
30 Jun 23164030
31 Mar 2314730
31 Dec 2213-2730
30 Sep 2213-3030
30 Jun 2212-3230
31 Mar 2212530
31 Dec 21124140
30 Sep 21116640
30 Jun 21119040
31 Mar 21105640
31 Dec 20102140
30 Sep 2010530
30 Jun 2010-1130
31 Mar 20102730
31 Dec 19106630
30 Sep 1994230
30 Jun 1981830
31 Mar 198-530
31 Dec 188-2830
30 Sep 188-240
30 Jun 1882440
31 Mar 1883640
31 Dec 1784940
30 Sep 1784940
30 Jun 1784940
31 Mar 1773940
31 Dec 1672840
30 Sep 167-340
30 Jun 166-3450
31 Mar 166-3250
31 Dec 156-2960
30 Sep 1561260
30 Jun 1565450

Guadagni di qualità: SOR ha un grande una tantum guadagno di $46.8M che ha avuto un impatto sui suoi ultimi 12 mesi di risultati finanziari pari a 31st December, 2025.

Margine di profitto in crescita: Gli attuali margini di profitto netti di SOR SOR sono più alti rispetto allo scorso anno .

Flusso di cassa libero e analisi degli utili

Analisi della crescita degli utili nel passato

Andamento degli utili: Gli utili di SOR sono cresciuti del 9.2% all'anno negli ultimi 5 anni.

Accelerare la crescita: La crescita degli utili di SOR nell'ultimo anno ( 52% ) supera la media quinquennale ( 9.2% all'anno).

Guadagni vs Settore: La crescita degli utili SOR nell'ultimo anno ( 52% ) ha superato la percentuale del settore Capital Markets 37.2%.

Rendimento del capitale proprio

ROE elevato: Il Return on Equity ( 15% ) di SOR è considerato basso.

Rendimento delle attività

Rendimento del capitale investito

Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/05/21 23:50
Prezzo dell'azione a fine giornata2026/05/21 00:00
Utili2025/12/31
Utili annuali2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Source Capital è coperta da 0 analisti. 0 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.