NYSE:ASG

Stock Analysis Report

Executive Summary

Liberty All-Star Growth Fund, Inc. is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc.

Rewards


Snowflake Analysis

Share Price & News

How has Liberty All-Star Growth Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0.3%

ASG

-1.3%

US Capital Markets

-1.0%

US Market


1 Year Return

24.0%

ASG

15.5%

US Capital Markets

18.0%

US Market

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

Return vs Market: ASG exceeded the US Market which returned 18% over the past year.


Shareholder returns

ASGIndustryMarket
7 Day0.3%-1.3%-1.0%
30 Day-4.8%-0.7%0.6%
90 Day7.4%4.9%7.9%
1 Year34.2%24.0%17.8%15.5%20.4%18.0%
3 Year81.7%42.7%38.1%30.3%48.0%38.5%
5 Year105.4%25.1%81.5%64.7%72.2%53.3%

Price Volatility Vs. Market

How volatile is Liberty All-Star Growth Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Liberty All-Star Growth Fund undervalued compared to its fair value and its price relative to the market?

22.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASG ($6.52) is trading below our estimate of fair value ($8.43)

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


Price To Earnings Ratio

PE vs Industry: ASG is good value based on its PE Ratio (7.9x) compared to the Capital Markets industry average (34x).

PE vs Market: ASG is good value based on its PE Ratio (7.9x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

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

Future Growth

How is Liberty All-Star Growth 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 Liberty All-Star Growth 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 Liberty All-Star Growth Fund performed over the past 5 years?

20.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASG has a large one-off gain of $31.9M impacting its June 30 2019 financial results.

Growing Profit Margin: ASG's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: ASG's earnings have grown significantly by 20.4% per year over the past 5 years.

Accelerating Growth: ASG's earnings growth over the past year (14.7%) is below its 5-year average (20.4% per year).

Earnings vs Industry: ASG earnings growth over the past year (14.7%) exceeded the Capital Markets industry 8.4%.


Return on Equity

High ROE: ASG's Return on Equity (13.6%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Liberty All-Star Growth 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: ASG has a low level of unsold assets or inventory.

Debt Coverage by Assets: ASG's debt is covered by short term assets (assets are 1.2x debt).


Financial Institutions Analysis

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

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

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

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

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

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

Dividend

What is Liberty All-Star Growth Fund's current dividend yield, its reliability and sustainability?

7.06%

Current Dividend Yield


Dividend Yield vs Market

company7.1%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: ASG's dividend (7.06%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: ASG's dividend (7.06%) is in the top 25% of dividend payers in the US market (3.73%)


Stability and Growth of Payments

Stable Dividend: ASG's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.7%), ASG'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?

14.5yrs

Average board tenure


CEO

Liberty All-Star Growth Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Edmund Burke
Vice President and Director14.1yrsno datano data
John Neuhauser
Director21.8yrsUS$9.47k0.0013% $3.1k
Richard Lowry
Chairman16.1yrsUS$13.81kno data
John Benning
Independent Director17.3yrsUS$9.47k0.017% $43.1k
Richard Rantzow
Director14.1yrsUS$10.91k0.017% $42.1k
George Gaspari
Independent Director14.1yrsUS$9.47k0.0047% $11.6k
Thomas Brock
Independent Director14.5yrsUS$8.64k0.13% $326.8k

14.5yrs

Average Tenure

79yo

Average Age

Experienced Board: ASG's board of directors are seasoned and experienced ( 14.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 36.8%.


Top Shareholders

Company Information

Liberty All-Star Growth Fund, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Liberty All-Star Growth Fund, Inc.
  • Ticker: ASG
  • Exchange: NYSE
  • Founded: 1986
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$247.876m
  • Shares outstanding: 38.02m
  • Website: https://www.all-starfunds.com/fundfacts-asg.php

Location

  • Liberty All-Star Growth Fund, Inc.
  • 1290 Broadway
  • Suite 1100
  • Denver
  • Colorado
  • 80203
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASGNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 1986

Biography

Liberty All-Star Growth Fund, Inc. is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc. It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies across all market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the NASDAQ Composite Index, Russell 3000 Growth Index, and the S&P 500 Index. It conducts in-house research to make its investments. The fund was previously known as Charles Allmon Trust, Inc. Liberty All-Star Growth Fund, Inc. was formed on March 14, 1986 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 00:39
End of Day Share Price2020/02/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.