Liberty All-Star Growth Fund, Inc. is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc.
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.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
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.
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
Is Liberty All-Star Growth Fund undervalued compared to its fair value and its price relative to the market?
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).
How is Liberty All-Star Growth Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Liberty All-Star Growth Fund performed over the past 5 years?
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
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
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.
What is Liberty All-Star Growth Fund's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Liberty All-Star Growth Fund has no CEO, or we have no data on them.
|Vice President and Director||14.1yrs||no data||no data|
|Independent Director||17.3yrs||US$9.47k||0.017% $43.1k|
|Independent Director||14.1yrs||US$9.47k||0.0047% $11.6k|
|Independent Director||14.5yrs||US$8.64k||0.13% $326.8k|
Experienced Board: ASG's board of directors are seasoned and experienced ( 14.5 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 36.8%.
Liberty All-Star Growth Fund, Inc.'s company bio, employee growth, exchange listings and data sources
- 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
- Liberty All-Star Growth Fund, Inc.
- 1290 Broadway
- Suite 1100
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ASG||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Mar 1986|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 00:39|
|End of Day Share Price||2020/02/21 00:00|
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.