NasdaqGS:CSQ

Stock Analysis Report

Calamos Strategic Total Return Fund

Executive Summary

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

Rewards


Snowflake Analysis

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.8%

CSQ

-1.3%

US Capital Markets

-1.0%

US Market


1 Year Return

16.1%

CSQ

15.5%

US Capital Markets

18.0%

US Market

Return vs Industry: CSQ matched the US Capital Markets industry which returned 15.5% over the past year.

Return vs Market: CSQ underperformed the US Market which returned 18% over the past year.


Shareholder returns

CSQIndustryMarket
7 Day-0.8%-1.3%-1.0%
30 Day3.2%-0.7%0.6%
90 Day7.8%4.9%7.9%
1 Year25.4%16.1%17.8%15.5%20.4%18.0%
3 Year63.3%28.2%38.1%30.3%48.0%38.5%
5 Year92.2%24.2%81.5%64.7%72.2%53.3%

Price Volatility Vs. Market

How volatile is Calamos Strategic 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 Strategic Total Return Fund undervalued compared to its fair value and its price relative to the market?

36.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CSQ ($14.29) is trading below our estimate of fair value ($22.33)

Significantly Below Fair Value: CSQ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CSQ is good value based on its PE Ratio (8.6x) compared to the Capital Markets industry average (34x).

PE vs Market: CSQ is good value based on its PE Ratio (8.6x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CSQ is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (6.6x).

Future Growth

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

8.5%

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 Strategic 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 Strategic Total Return Fund performed over the past 5 years?

16.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CSQ has a large one-off gain of $246.3M impacting its October 31 2019 financial results.

Growing Profit Margin: CSQ's current net profit margins are higher than last year (91.6%).


Past Earnings Growth Analysis

Earnings Trend: CSQ's earnings have grown by 16.4% per year over the past 5 years.

Accelerating Growth: CSQ's earnings growth over the past year (252.5%) exceeds its 5-year average (16.4% per year).

Earnings vs Industry: CSQ earnings growth over the past year (252.5%) exceeded the Capital Markets industry 8.4%.


Return on Equity

High ROE: CSQ's Return on Equity (12.9%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Calamos Strategic 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: CSQ has a low level of unsold assets or inventory.

Debt Coverage by Assets: CSQ's debt is not covered by short term assets (assets are 0x debt).


Financial Institutions Analysis

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

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

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

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

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

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

Dividend

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

7.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CSQ's dividend (7.77%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: CSQ's dividend (7.77%) is in the top 25% of dividend payers in the US market (3.73%)


Stability and Growth of Payments

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

Growing Dividend: CSQ's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (59.2%), CSQ's dividend payments are 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?

16.2yrs

Average board tenure


CEO

Calamos Strategic Total Return Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
John Calamos
President and Trustee16.2yrsno data0.18% $3.9m
Stephen Timbers
Lead Independent Trustee15.1yrsUS$16.56k0.0042% $92.8k
David Tripple
14.1yrsUS$13.83kno data
John Neal
16.2yrsUS$14.74kno data
Weston Marsh
16.2yrsUS$12.92kno data
William Rybak
16.2yrsUS$13.33k0.0032% $70.3k

16.2yrs

Average Tenure

72yo

Average Age

Experienced Board: CSQ's board of directors are seasoned and experienced ( 16.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CSQ 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 Strategic Total Return Fund's company bio, employee growth, exchange listings and data sources


Key Information


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSQNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 2004

Biography

Calamos Strategic Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in common and preferred stocks of companies across all market capitalizations, convertible securities, and high yield corporate bonds with an average credit rating of BB as rated by S&P. The fund employs both fundamental and quantitative analysis with a combination of bottom-up and top-down security picking approaches to create its portfolio. Calamos Strategic Total Return Fund was formed on December 31, 2003 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 Analysis2020/02/23 00:14
End of Day Share Price2020/02/21 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.