Duff & Phelps Utility Bond Trust
Market Cap
US$254.9m
Last Updated
2020/02/28 01:01 UTC
Data Sources
Company Financials
Executive Summary
Duff & Phelps Utility and Corporate Bond Trust, Inc.
Rewards
Snowflake Analysis
Share Price & News
How has Duff & Phelps Utility Bond Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DUC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.5%
DUC
-8.6%
US Capital Markets
-10.6%
US Market
1 Year Return
10.3%
DUC
4.9%
US Capital Markets
5.2%
US Market
Return vs Industry: DUC exceeded the US Capital Markets industry which returned 8.9% over the past year.
Return vs Market: DUC matched the US Market which returned 10.2% over the past year.
Shareholder returns
| DUC | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | -8.6% | -10.6% |
| 30 Day | -0.1% | -7.9% | -8.5% |
| 90 Day | 2.3% | -4.4% | -4.6% |
| 1 Year | 16.0%10.3% | 7.1%4.9% | 7.4%5.2% |
| 3 Year | 17.5%-0.2% | 25.5%18.4% | 31.7%23.2% |
| 5 Year | 28.9%-3.5% | 65.9%50.7% | 56.4%39.3% |
Price Volatility Vs. Market
How volatile is Duff & Phelps Utility Bond Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Duff & Phelps Utility Bond Trust undervalued compared to its fair value and its price relative to the market?
10.04x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DUC ($9.27) is trading above our estimate of fair value ($0.43)
Significantly Below Fair Value: DUC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DUC is good value based on its PE Ratio (10x) compared to the Capital Markets industry average (31.8x).
PE vs Market: DUC is good value based on its PE Ratio (10x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DUC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DUC is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (6.6x).
Future Growth
How is Duff & Phelps Utility Bond Trust 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 Duff & Phelps Utility Bond Trust 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 Duff & Phelps Utility Bond Trust performed over the past 5 years?
2.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DUC has a large one-off gain of $18.4M impacting its October 31 2019 financial results.
Growing Profit Margin: DUC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: DUC's earnings have grown by 2.1% per year over the past 5 years.
Accelerating Growth: DUC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: DUC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.4%).
Return on Equity
High ROE: DUC's Return on Equity (9.7%) is considered low.
Return on Assets
Return on Capital Employed
Financial Health
How is Duff & Phelps Utility Bond Trust'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: DUC has a low level of unsold assets or inventory.
Debt Coverage by Assets: DUC's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: DUC's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if DUC has a sufficient allowance for bad loans.
Low Risk Liabilities: DUC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if DUC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: DUC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if DUC has an appropriate level of bad loans.
Dividend
What is Duff & Phelps Utility Bond Trust's current dividend yield, its reliability and sustainability?
6.46%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Duff & Phelps Utility Bond Trust before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DUC's dividend (6.47%) is higher than the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: DUC's dividend (6.47%) is in the top 25% of dividend payers in the US market (3.96%)
Stability and Growth of Payments
Stable Dividend: DUC's dividend payments have been volatile in the past 10 years.
Growing Dividend: DUC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.4%), DUC's dividend payments are 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?
12.8yrs
Average board tenure
CEO
Nathan Partain (62yo)
16yrs
Tenure
Mr. Nathan Ivey Partain, CFA is the President at Duff & Phelps Investment Management Co. since April 2005 and serves as Director since May 2007 and serves as Co-Chief Investment Officer since February 1, 2 ...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 16yrs | no data | 0.023% $57.6k | |
| Chairman | 11.1yrs | US$21.35k | no data | |
| Director | 11.8yrs | US$13.96k | no data | |
| Independent Director | 23.6yrs | US$12.92k | 0.0018% $4.5k | |
| Independent Director | 13.8yrs | US$14.38k | no data | |
| Independent Director | 10.8yrs | US$12.92k | 0.0036% $9.3k | |
| Independent Director | 23.5yrs | US$14.34k | 0.039% $100.5k | |
| Independent Director | 10.8yrs | US$12.87k | no data | |
| Independent Director | 16.8yrs | US$12.92k | 0.014% $35.2k |
12.8yrs
Average Tenure
73yo
Average Age
Experienced Board: DUC's board of directors are seasoned and experienced ( 12.8 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Duff & Phelps Utility and Corporate Bond Trust Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Duff & Phelps Utility and Corporate Bond Trust Inc.
- Ticker: DUC
- Exchange: NYSE
- Founded: 1993
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$254.876m
- Shares outstanding: 27.49m
- Website: https://www.ducfund.com
Location
- Duff & Phelps Utility and Corporate Bond Trust Inc.
- 200 South Wacker Drive
- Suite 500
- Chicago
- Illinois
- 60606
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DUC | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1993 |
Biography
Duff & Phelps Utility and Corporate Bond Trust, Inc. is a close ended fixed income mutual fund launched by Virtus Investment Partners, Inc. The fund is managed by Duff and Phelps Investment Management Co. It invests in the fixed income markets. The fund invests primarily in a utility income securities, corporate income securities, mortgage-backed securities, and asset-backed securities. Its investment portfolio includes investments in auto and truck, broadcasting and publishing, telephone, industrial, financial, and utilities sectors. Duff & Phelps Utility and Corporate Bond Trust, Inc. was formed in January, 1993 and is based in Chicago, Illinois.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/28 01:01 |
| End of Day Share Price | 2020/02/27 00:00 |
| Earnings | 2019/10/31 |
| Annual Earnings | 2019/10/31 |
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.