NYSE:ETG

Stock Analysis Report

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Executive Summary

Eaton Vance Tax-Advantaged Global Dividend Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management.

Rewards


Snowflake Analysis

Share Price & News

How has Eaton Vance Tax-Advantaged Global Dividend Income Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-12.3%

ETG

-8.6%

US Capital Markets

-10.6%

US Market


1 Year Return

4.2%

ETG

4.9%

US Capital Markets

5.2%

US Market

Return vs Industry: ETG matched the US Capital Markets industry which returned 4.9% over the past year.

Return vs Market: ETG underperformed the US Market which returned 5.2% over the past year.


Shareholder returns

ETGIndustryMarket
7 Day-12.3%-8.6%-10.6%
30 Day-11.6%-7.9%-8.5%
90 Day-6.2%-4.4%-4.6%
1 Year12.2%4.2%7.1%4.9%7.4%5.2%
3 Year31.1%5.0%25.5%18.4%31.7%23.2%
5 Year41.2%-3.7%65.9%50.7%56.4%39.3%

Price Volatility Vs. Market

How volatile is Eaton Vance Tax-Advantaged Global Dividend Income Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Eaton Vance Tax-Advantaged Global Dividend Income Fund undervalued compared to its fair value and its price relative to the market?

23.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ETG ($16.28) is trading below our estimate of fair value ($21.27)

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


Price To Earnings Ratio

PE vs Industry: ETG is good value based on its PE Ratio (8.2x) compared to the Capital Markets industry average (30.2x).

PE vs Market: ETG is good value based on its PE Ratio (8.2x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ETG is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.2x).

Future Growth

How is Eaton Vance Tax-Advantaged Global Dividend Income Fund 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 Eaton Vance Tax-Advantaged Global Dividend Income 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 Eaton Vance Tax-Advantaged Global Dividend Income Fund performed over the past 5 years?

6.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ETG has a large one-off gain of $62.6M impacting its October 31 2019 financial results.

Growing Profit Margin: ETG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ETG's earnings have grown by 6.8% per year over the past 5 years.

Accelerating Growth: ETG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ETG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.5%).


Return on Equity

High ROE: ETG's Return on Equity (11.4%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Eaton Vance Tax-Advantaged Global Dividend Income 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: ETG has a low level of unsold assets or inventory.

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


Financial Institutions Analysis

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

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

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

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

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

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

Dividend

What is Eaton Vance Tax-Advantaged Global Dividend Income Fund's current dividend yield, its reliability and sustainability?

7.56%

Current Dividend Yield


Dividend Yield vs Market

company7.6%marketbottom25%1.6%markettop25%4.1%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: ETG's dividend (7.56%) is higher than the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: ETG's dividend (7.56%) is in the top 25% of dividend payers in the US market (4.09%)


Stability and Growth of Payments

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

Growing Dividend: ETG's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.8%), ETG'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?

10.2yrs

Average board tenure


CEO

Eaton Vance Tax-Advantaged Global Dividend Income Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Allen Freedman
12.8yrsUS$6.73kno data
Ralph Verni
Chairman12.6yrsUS$9.50kno data
Scott Eston
9.1yrsUS$7.00kno data
William Park
16.2yrsUS$6.86kno data
Ronald Pearlman
16.2yrsUS$6.86kno data
Helen Peters
11.3yrsUS$6.33kno data
Cynthia Frost
5.8yrsUS$6.33kno data
Harriett Taggart
9.1yrsUS$6.87kno data
Valerie Mosley
6.1yrsUS$6.33kno data
George Gorman
5.8yrsUS$6.33kno data

10.2yrs

Average Tenure

71yo

Average Age

Experienced Board: ETG's board of directors are seasoned and experienced ( 10.2 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Eaton Vance Tax-Advantaged Global Dividend Income Fund's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Eaton Vance Tax-Advantaged Global Dividend Income Fund
  • Two International Place
  • Suite 1400
  • Boston
  • Massachusetts
  • 2110
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ETGNYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 2004

Biography

Eaton Vance Tax-Advantaged Global Dividend Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying value stocks of companies. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI World Index. Eaton Vance Tax-Advantaged Global Dividend Income Fund was formed on November 14, 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 Analysis2020/02/28 00:35
End of Day Share Price2020/02/27 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.