How does UGL's PE Ratio compare to its peers?

UGL is expensive based on its Price-To-Earnings Ratio (17.9x) compared to the peer average (14.3x).

How does UGL's PE Ratio compare vs other companies in the DE Capital Markets Industry?

UGL is good value based on its Price-To-Earnings Ratio (17.9x) compared to the German Capital Markets industry average (20.4x).

What is UGL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate UGL's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of UGL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

UGL (€2.3) is trading below our estimate of [[fair value]] (€2.82)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

UGL Stock Overview

A publicly owned investment manager. More details

UGL fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	1/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 18.3% below our estimate of its fair value

Risk Analysis

Does not have a meaningful market cap (€33M)

Dividend of 3.72% is not well covered by free cash flows

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

U.S. Global Investors, Inc. Competitors

Heidelberger Beteiligungsholding

DB:IPOK

€24.0m

PEH Wertpapier

DB:PEH

€37.6m

GBK Beteiligungen

BST:GBQ

€34.1m

capsensixx

XTRA:CPX

€49.6m

Price History & Performance

Summary of share price highs, lows and changes for U.S. Global Investors
Historical stock prices
Current Share Price	US$2.30
52 Week High	US$2.66
52 Week Low	US$2.14
Beta	1.83
1 Month Change	3.60%
3 Month Change	5.50%
1 Year Change	-8.00%
3 Year Change	-45.24%
5 Year Change	88.52%
Change since IPO	56.46%

Recent updates

Shareholder Returns

	UGL	DE Capital Markets	DE Market
7D	-0.9%	0.9%	2.0%
1Y	-8.0%	20.6%	9.6%

Return vs Industry: UGL underperformed the German Capital Markets industry which returned 20.4% over the past year.

Return vs Market: UGL underperformed the German Market which returned 9.1% over the past year.

Price Volatility

Is UGL's price volatile compared to industry and market?
UGL volatility
UGL Average Weekly Movement	3.1%
Capital Markets Industry Average Movement	4.5%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.7%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: UGL has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: UGL's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1968	25	Frank Holmes	n/a

U.S. Global Investors, Inc. is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies.

U.S. Global Investors, Inc. Fundamentals Summary

How do U.S. Global Investors's earnings and revenue compare to its market cap?
UGL fundamental statistics
Market cap	€31.76m
Earnings (TTM)	€1.76m
Revenue (TTM)	€9.67m

17.9x

P/E Ratio

3.3x

P/S Ratio

Is UGL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
UGL income statement (TTM)
Revenue	US$10.01m
Cost of Revenue	US$4.61m
Gross Profit	US$5.40m
Other Expenses	US$3.58m
Earnings	US$1.82m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.13
Gross Margin	53.95%
Net Profit Margin	18.23%
Debt/Equity Ratio	0%

How did UGL perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

69%

Payout Ratio

Does UGL pay a reliable dividends?

See UGL dividend history and benchmarks

When do you need to buy UGL by to receive an upcoming dividend?
U.S. Global Investors dividend dates
Ex Dividend Date	Jan 13 2025
Dividend Pay Date	Jan 27 2025
Days until Ex dividend	5 days
Days until Dividend pay date	19 days

Does UGL pay a reliable dividends?

See UGL dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/07 08:53
End of Day Share Price	2025/01/07 00:00
Earnings	2024/09/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

U.S. Global Investors, Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Raghavendra Welankiwaris	Virtua Research Inc.

UGL Stock Overview

Rewards

Risk Analysis

U.S. Global Investors, Inc. Competitors

DB:IPOK

€24.0m

DB:PEH

€37.6m

BST:GBQ

€34.1m

XTRA:CPX

€49.6m

Price History & Performance

Recent News & Updates

U.S. Global Investors, Inc. Announces the Launch of the U.S. Global Technology and Aerospace & Defense ETF

U.S. Global Investors, Inc. Approves Monthly Dividend Beginning in January 2025 and Continuing Through March 2025, Payable on January 27, 2025 February 24, 2025 and March 31, 2025

Now 21% undervalued after recent price drop

New minor risk - Earnings quality

U.S. Global Investors, Inc. to Report Q1, 2025 Results on Nov 08, 2024

Dividend of US$0.0075 announced

Recent updates

U.S. Global Investors, Inc. Announces the Launch of the U.S. Global Technology and Aerospace & Defense ETF

U.S. Global Investors, Inc. Approves Monthly Dividend Beginning in January 2025 and Continuing Through March 2025, Payable on January 27, 2025 February 24, 2025 and March 31, 2025

Now 21% undervalued after recent price drop

New minor risk - Earnings quality

U.S. Global Investors, Inc. to Report Q1, 2025 Results on Nov 08, 2024

Dividend of US$0.0075 announced

Dividend of US$0.0075 announced

New major risk - Dividend sustainability

New minor risk - Profit margin trend

Full year 2024 earnings released: EPS: US$0.094 (vs US$0.21 in FY 2023)

U.S. Global Investors, Inc. to Report Fiscal Year 2024 Results on Sep 11, 2024

Dividend of US$0.0075 announced

Dividend of US$0.0075 announced

Dividend of US$0.0075 announced

U.S. Global Investors, Inc. Approves Payment of Monthly Dividend Beginning in July 2024 and Continuing Through September 2024, Payable on July 29, 2024, August 26, 2024 and September 30, 2024 Respectively

Third quarter 2024 earnings released: US$0.002 loss per share (vs US$0.11 profit in 3Q 2023)

Dividend of US$0.0075 announced

Dividend of US$0.0075 announced

Now 24% undervalued after recent price drop

Dividend of US$0.0075 announced

U.S. Global Investors, Inc. Approves Dividend for the Month Beginning in April 2024 and Continuing Through June 2024, Payable on April 22, May 20 and June 24, 2024

Insufficient new directors

U.S. Global Investors, Inc. Announces Monthly Dividend from January 2024 to March 2024, Payable on January 22, 2024, February 26, 2024 and March 25, 2024 Respectively

U.S. Global Investors Receives a Standard Notification Letter from the Nasdaq Listing Qualifications Department of Nasdaq

U.S. Global Investors, Inc. announced delayed 10-Q filing

U.S. Global Investors Receives Expected Nasdaq Notice Regarding Late Filing of Form 10-K

U.S. Global Investors Receives Expected Nasdaq Notice Regarding Late Filing of Form 10-K

U.S. Global Investors, Inc. announced delayed annual 10-K filing

U.S. Global Investors, Inc. Announces Monthly Dividend Beginning in October 2023 and Continuing Through December 2023, Payable on October 23, 2023, November 27, 2023 and December 26, 2023

U.S. Global Investors, Inc. Approves Monthly Dividend for July 2023 Through September 2023, Payable on July 24, 2023, August 28, 2023 and September 25, 2023

U.S. Global Investors, Inc. Approves Monthly Dividend for July 2023 Through September 2023, Payable on July 24, 2023, August 28, 2023 and September 25, 2023

Second quarter 2023 earnings released: EPS: US$0.058 (vs US$0.24 in 2Q 2022)

Insufficient new directors

U.S. Global Investors, Inc. announced delayed 10-Q filing

U.S. Global Investors, Inc. Announces Monthly Dividend, Payable on February 27, 2023 and March 27, 2023

U.S. Global Investors, Inc. Announces Monthly Dividend for December 16, 2022, to Continue Through March 2023, Payment Dates Are January 23, February 27 and March 27

First quarter 2023 earnings released: EPS: US$0.008 (vs US$0.16 in 1Q 2022)

Insufficient new directors

First quarter 2023 earnings released: EPS: US$0.008 (vs US$0.16 in 1Q 2022)

U.S. Global Investors, Inc. Authorizes Monthly Dividend

U.S. Global Investors, Inc. Announces Dividend for the Month of October, November and December 2022, Payable on October 31, November 28 and December 27, 2022 Respectively

Full year 2022 earnings released: EPS: US$0.37 (vs US$2.12 in FY 2021)

U.S. Global Investors, Inc. Announces Dividend, Payment Dates Will Be July 25, 2022, August 22, 2022 and September 26, 2022

Echo Lake Capital and Deerhaven Capital Management, LLC made a proposal (expression of interest) to acquire U.S. Global Investors, Inc. (NasdaqCM:GROW).

U.S. Global Investors, Inc. Announces Monthly Dividend, Payable on June 27, July 25, August 22 and September 26

Insufficient new directors

U.S. Global Investors, Inc. Announces Monthly Dividend from January to March 2022

U.S. Global Investors, Inc. announced delayed 10-Q filing

U.S. Global Investors Launches Smart-Beta 2.0 SEA ETF on the New York Stock Exchange

First quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Investor sentiment improved over the past week

Insufficient new directors

U.S. Global Investors, Inc. Announces Launch of Europe’s First Airlines Industry ETF with Strategic Partner HaNetf

U.S. Global Investors Announces Dividends for the Month of July, August and September 2021, Payable on July 26, 2021, August 30 2021, and September 27, 2021

Third quarter 2021 earnings released: EPS US$0.94 (vs US$0.10 loss in 3Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

U.S. Global Investors, Inc. Approves Payment Monthly Dividend, Payable on April 26, 2021, May 24, 2021 and June 28, 2021

Investor sentiment improved over the past week