NasdaqGS:CGO

Stock Analysis Report

Executive Summary

Calamos Global Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC.

Rewards


Snowflake Analysis

Share Price & News

How has Calamos Global Total Return Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CGO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-11.8%

CGO

-8.6%

US Capital Markets

-10.6%

US Market


1 Year Return

0.3%

CGO

4.9%

US Capital Markets

5.2%

US Market

Return vs Industry: CGO underperformed the US Capital Markets industry which returned 4.9% over the past year.

Return vs Market: CGO underperformed the US Market which returned 5.2% over the past year.


Shareholder returns

CGOIndustryMarket
7 Day-11.8%-8.6%-10.6%
30 Day-10.2%-7.9%-8.5%
90 Day-7.7%-4.4%-4.6%
1 Year10.2%0.3%7.1%4.9%7.4%5.2%
3 Year32.4%0.5%25.5%18.4%31.7%23.2%
5 Year41.8%-12.5%65.9%50.7%56.4%39.3%

Price Volatility Vs. Market

How volatile is Calamos Global Total Return Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Calamos Global Total Return Fund undervalued compared to its fair value and its price relative to the market?

16.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CGO ($11.86) is trading below our estimate of fair value ($14.19)

Significantly Below Fair Value: CGO is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CGO is good value based on its PE Ratio (10.4x) compared to the Capital Markets industry average (30.2x).

PE vs Market: CGO is good value based on its PE Ratio (10.4x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CGO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CGO is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (6.2x).

Future Growth

How is Calamos Global Total Return Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.9%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Calamos Global Total Return Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Calamos Global Total Return Fund performed over the past 5 years?

7.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CGO has a large one-off gain of $9.7M impacting its October 31 2019 financial results.

Growing Profit Margin: CGO became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CGO's earnings have grown by 7.9% per year over the past 5 years.

Accelerating Growth: CGO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CGO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.5%).


Return on Equity

High ROE: CGO's Return on Equity (9.8%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Calamos Global Total Return Fund's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: CGO has a low level of unsold assets or inventory.

Debt Coverage by Assets: CGO's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

Asset Level: CGO's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if CGO has a sufficient allowance for bad loans.

Low Risk Liabilities: CGO reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if CGO has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CGO has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if CGO has an appropriate level of bad loans.

Dividend

What is Calamos Global Total Return Fund's current dividend yield, its reliability and sustainability?

10.12%

Current Dividend Yield


Dividend Yield vs Market

company10.1%marketbottom25%1.6%markettop25%4.1%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: CGO's dividend (10.12%) is higher than the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: CGO's dividend (10.12%) is in the top 25% of dividend payers in the US market (4.09%)


Stability and Growth of Payments

Stable Dividend: CGO's dividends per share have been stable in the past 10 years.

Growing Dividend: CGO's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (105.1%), CGO's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

15.6yrs

Average board tenure


CEO

John Calamos (78yo)

0

Mr. John Peter Calamos, Sr. is the Founder, Chairman and Global Chief Investment Officer of Calamos Investments LLC. Mr. Calamos founded the firm in 1977. He is the Founder, Global Chief Investment Officer ...


Board Members

NamePositionTenureCompensationOwnership
John Calamos
Chairman0yrsno data3.5% $3.9m
Stephen Timbers
Lead Independent Trustee15.1yrsUS$3.29k0.074% $82.8k
David Tripple
14.1yrsUS$2.75kno data
John Neal
16.1yrsUS$2.93k0.20% $218.5k
Weston Marsh
16.1yrsUS$2.56kno data
William Rybak
16.1yrsUS$2.64kno data

15.6yrs

Average Tenure

72yo

Average Age

Experienced Board: CGO's board of directors are seasoned and experienced ( 15.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CGO insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Calamos Global Total Return Fund's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Calamos Global Total Return Fund
  • 2020 Calamos Court
  • Naperville
  • Illinois
  • 60563-2787
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CGONasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDOct 2005

Biography

Calamos Global Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in equities, convertible bonds, and high yield corporate bonds. It employs both fundamental and quantitative analysis to create its portfolio. The fund benchmarks the performance of its portfolio against MSCI World Index. Calamos Global Total Return Fund was formed on March 30, 2004 and is domiciled in the United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 00:50
End of Day Share Price2020/02/27 00:00
Earnings2019/10/31
Annual Earnings2019/10/31


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.