Duff & Phelps Utility Bond Trust
Market Cap
US$292.0m
Last Updated
2021/03/06 23:10 UTC
Data Sources
Company Financials
Executive Summary
Duff & Phelps Utility and Corporate Bond Trust, Inc. More Details
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: DUC's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
1.5%
DUC
1.5%
US Capital Markets
-0.4%
US Market
1 Year Return
11.9%
DUC
45.4%
US Capital Markets
36.2%
US Market
Return vs Industry: DUC underperformed the US Capital Markets industry which returned 45.4% over the past year.
Return vs Market: DUC underperformed the US Market which returned 36.2% over the past year.
Shareholder returns
| DUC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 1.5% | -0.4% |
| 30 Day | 3.1% | 3.3% | -2.3% |
| 90 Day | 7.9% | 14.5% | 5.0% |
| 1 Year | 19.3%11.9% | 49.0%45.4% | 39.1%36.2% |
| 3 Year | 43.9%22.1% | 35.9%25.9% | 48.4%39.0% |
| 5 Year | 51.8%14.2% | 145.9%115.5% | 116.6%92.4% |
Long-Term 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?
19.68x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DUC ($10.62) is trading above our estimate of fair value ($4.8)
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 (19.7x) compared to the US Capital Markets industry average (23.4x).
PE vs Market: DUC is good value based on its PE Ratio (19.7x) compared to the US market (21.5x).
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 (1.1x) compared to the US Capital Markets industry average (19.8x).
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?
13.5%
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 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?
26.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DUC has a large one-off gain of $7.1M impacting its October 31 2020 financial results.
Growing Profit Margin: DUC's current net profit margins are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: DUC's earnings have grown significantly by 26.3% per year over the past 5 years.
Accelerating Growth: DUC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DUC had negative earnings growth (-41.5%) over the past year, making it difficult to compare to the Capital Markets industry average (10.4%).
Return on Equity
High ROE: DUC's Return on Equity (5.7%) is considered low.
Financial Health
How is Duff & Phelps Utility Bond Trust's financial position?
Financial Position Analysis
Short Term Liabilities: DUC's short term assets ($11.1M) exceed its short term liabilities ($346.6K).
Long Term Liabilities: DUC's short term assets ($11.1M) do not cover its long term liabilities ($105.0M).
Debt to Equity History and Analysis
Debt Level: DUC's debt to equity ratio (40%) is considered high.
Reducing Debt: DUC's debt to equity ratio has reduced from 44.2% to 40% over the past 5 years.
Debt Coverage: DUC's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: DUC's interest payments on its debt are well covered by EBIT (5.4x coverage).
Balance Sheet
Dividend
What is Duff & Phelps Utility Bond Trust current dividend yield, its reliability and sustainability?
5.65%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: DUC's dividend (5.65%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: DUC's dividend (5.65%) is in the top 25% of dividend payers in the US market (3.64%)
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 high payout ratio (102.8%), DUC'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?
13.3yrs
Average board tenure
CEO
Nathan Partain (63 yo)
17.08yrs
Tenure
Mr. Nathan Ivey Partain, CFA has been Director at Duff & Phelps Investment Management Co. since May 2007 and its Co-Chief Investment Officer since February 1, 2020. He served as Chief Investment Officer si...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 17.08yrs | no data | 0.023% $ 66.0k | |
| Chairman | 12.17yrs | US$21.35k | no data | |
| Director | 12.83yrs | US$13.96k | no data | |
| Independent Director | 24.67yrs | US$12.92k | 0.0018% $ 5.1k | |
| Independent Director | 14.83yrs | US$14.38k | no data | |
| Independent Director | 11.83yrs | US$12.92k | 0.0036% $ 10.6k | |
| Independent Director | 24.58yrs | US$14.34k | 0.039% $ 115.1k | |
| Independent Director | 6.67yrs | no data | 0.0055% $ 15.9k | |
| Independent Director | 11.83yrs | US$12.87k | no data | |
| Independent Director | 17.83yrs | US$12.92k | 0.014% $ 40.4k |
13.3yrs
Average Tenure
73.5yo
Average Age
Experienced Board: DUC's board of directors are seasoned and experienced ( 13.3 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$291.994m
- 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. ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 23:10 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/10/31 |
| Annual Earnings | 2020/10/31 |
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.