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Franklin Universal Trust

NYSE:FT
Snowflake Description

Second-rate dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FT
NYSE
$176M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc. The last earnings update was 137 days ago. More info.


Add to Portfolio Compare Print
  • Franklin Universal Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
FT Share Price and Events
7 Day Returns
0.9%
NYSE:FT
2.6%
US Capital Markets
2.4%
US Market
1 Year Returns
2.3%
NYSE:FT
-12.6%
US Capital Markets
1.9%
US Market
FT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Franklin Universal Trust (FT) 0.9% 3.6% 7.7% 2.3% 11.1% -2.3%
US Capital Markets 2.6% -0% 10.2% -12.6% 54.7% 55.6%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • FT outperformed the Capital Markets industry which returned -12.6% over the past year.

Value

 Is Franklin Universal Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Franklin Universal Trust. This is due to cash flow or dividend data being unavailable. The share price is $7.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Franklin Universal Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Franklin Universal Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:FT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-08-31) in USD $0.14
NYSE:FT Share Price ** NYSE (2019-03-18) in USD $7
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 24.89x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Franklin Universal Trust.

NYSE:FT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:FT Share Price ÷ EPS (both in USD)

= 7 ÷ 0.14

50.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Franklin Universal Trust is overvalued based on earnings compared to the US Capital Markets industry average.
  • Franklin Universal Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Franklin Universal Trust's expected growth come at a high price?
Raw Data
NYSE:FT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 50.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.2x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Franklin Universal Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Franklin Universal Trust's assets?
Raw Data
NYSE:FT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-08-31) in USD $7.99
NYSE:FT Share Price * NYSE (2019-03-18) in USD $7
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.76x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
NYSE:FT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:FT Share Price ÷ Book Value per Share (both in USD)

= 7 ÷ 7.99

0.88x

* Primary Listing of Franklin Universal Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Franklin Universal Trust is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Franklin Universal Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Franklin Universal Trust has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Franklin Universal Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Franklin Universal 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Franklin Universal Trust expected to grow at an attractive rate?
  • Unable to compare Franklin Universal Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Franklin Universal Trust's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Franklin Universal Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:FT Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:FT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:FT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-08-31 14 5 3
2018-05-31 14 7 3
2018-02-28 14 10 3
2017-11-30 14 10 14
2017-08-31 14 10 24
2017-05-31 13 10 35
2017-02-28 13 11 46
2016-11-30 13 11 36
2016-08-31 14 12 26
2016-05-31 14 12 2
2016-02-29 15 12 -23
2015-11-30 15 12 -21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Franklin Universal Trust is high growth as no earnings estimate data is available.
  • Unable to determine if Franklin Universal Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:FT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Franklin Universal Trust Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FT Past Financials Data
Date (Data in USD Millions) EPS *
2018-08-31 0.14
2018-05-31 0.13
2018-02-28 0.13
2017-11-30 0.54
2017-08-31 0.95
2017-05-31 1.39
2017-02-28 1.84
2016-11-30 1.43
2016-08-31 1.02
2016-05-31 0.06
2016-02-29 -0.90
2015-11-30 -0.83

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Franklin Universal Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Franklin Universal Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Franklin Universal Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Franklin Universal Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Franklin Universal Trust's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Franklin Universal Trust's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Franklin Universal Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Franklin Universal Trust's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Franklin Universal Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Franklin Universal Trust Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-08-31 13.88 3.48 2.23
2018-05-31 13.85 3.39 2.25
2018-02-28 13.83 3.30 2.28
2017-11-30 13.68 13.61 2.25
2017-08-31 13.53 23.93 2.22
2017-05-31 13.28 35.06 2.17
2017-02-28 13.02 46.18 2.12
2016-11-30 13.30 35.92 2.08
2016-08-31 13.58 25.66 2.04
2016-05-31 14.17 1.52 2.04
2016-02-29 14.77 -22.62 2.05
2015-11-30 14.94 -20.82 2.11
2015-08-31 15.11 -19.02 2.18
2015-05-31 15.14 -5.01 2.23
2015-02-28 15.17 8.99 2.28
2014-11-30 15.44 19.66 2.27
2014-08-31 15.70 30.33 2.26
2014-05-31 15.69 25.87 2.19
2014-02-28 15.69 21.41 2.12
2013-11-30 15.55 18.18 2.07
2013-08-31 15.41 14.95 2.02
2013-05-31 15.51 19.21 1.99
2013-02-28 15.61 23.47 1.96
2012-11-30 15.62 24.95 1.94
2012-08-31 15.63 26.43 1.91
2012-05-31 15.72 21.50 1.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Franklin Universal Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Franklin Universal Trust used its assets less efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Franklin Universal Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Franklin Universal Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Franklin Universal Trust has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Franklin Universal Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Franklin Universal Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Franklin Universal Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Franklin Universal Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Franklin Universal Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Franklin Universal Trust Company Filings, last reported 6 months ago.

NYSE:FT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-08-31 200.80 64.88
2018-05-31 200.80 64.88
2018-02-28 196.72 59.98
2017-11-30 196.72 59.98
2017-08-31 206.96 59.97
2017-05-31 206.96 59.97
2017-02-28 203.08 59.96
2016-11-30 203.08 59.96
2016-08-31 192.68 59.95
2016-05-31 192.68 59.95
2016-02-29 167.49 60.00 0.00
2015-11-30 167.49 60.00 0.00
2015-08-31 178.75 60.00
2015-05-31 178.75 60.00
2015-02-28 202.02 60.00 0.00
2014-11-30 202.02 60.00 0.00
2014-08-31 209.67 60.00
2014-05-31 209.67 60.00
2014-02-28 204.95 60.00
2013-11-30 204.95 60.00
2013-08-31 191.22 60.00 0.00
2013-05-31 191.22 60.00 0.00
2013-02-28 195.19 42.00 1.23
2012-11-30 195.19 42.00 1.23
2012-08-31 187.73 42.00
2012-05-31 187.73 42.00
  • Franklin Universal Trust's level of debt (32.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (31.4% vs 32.3% today).
  • Debt is not well covered by operating cash flow (7.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.6x coverage).
X
Financial health checks
We assess Franklin Universal Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Franklin Universal Trust has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Franklin Universal Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.49%
Current annual income from Franklin Universal Trust dividends.
If you bought $2,000 of Franklin Universal Trust shares you are expected to receive $110 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Franklin Universal Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Franklin Universal Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:FT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:FT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-17 0.384 5.663
2018-12-20 0.384 5.995
2018-11-16 0.384 5.889
2018-10-18 0.384 5.860
2018-09-18 0.384 5.776
2018-08-13 0.384 5.665
2018-07-19 0.384 5.696
2018-06-15 0.384 5.748
2018-05-18 0.384 5.797
2018-04-18 0.384 5.709
2018-03-15 0.384 5.672
2018-02-15 0.384 5.633
2018-01-17 0.384 5.542
2017-11-16 0.384 5.329
2017-10-19 0.384 5.292
2017-09-18 0.384 5.282
2017-08-15 0.384 5.302
2017-07-17 0.384 5.310
2017-05-17 0.384 5.328
2017-04-18 0.384 5.362
2017-02-16 0.384 5.492
2017-01-19 0.384 5.589
2016-12-20 0.384 5.695
2016-11-17 0.384 5.895
2016-10-21 0.384 5.910
2016-09-19 0.384 5.701
2016-08-19 0.384 5.628
2016-06-20 0.474 6.843
2016-04-18 0.474 7.261
2016-01-20 0.474 7.987
2015-11-19 0.474 8.303
2015-09-18 0.474 7.864
2015-07-21 0.474 7.627
2015-06-18 0.474 7.225
2015-05-15 0.474 6.908
2015-04-20 0.474 6.676
2015-03-19 0.474 6.610
2015-02-18 0.474 6.604
2015-01-20 0.474 6.578
2014-12-22 0.474 6.667
2014-11-17 0.474 6.700
2014-10-21 0.474 6.514
2014-09-16 0.474 6.677
2014-08-15 0.474 6.456
2014-07-17 0.474 6.482
2014-06-20 0.474 6.340
2014-04-17 0.474 6.376
2014-03-17 0.474 6.555
2014-02-13 0.474 6.601
2014-01-22 0.474 6.756
2013-12-20 0.474 6.816
2013-11-19 0.474 6.891
2013-10-21 0.474 6.773
2013-09-20 0.456 6.695
2013-08-19 0.456 6.720
2013-07-19 0.456 6.507
2013-06-14 0.456 6.589
2013-05-21 0.456 6.331
2013-04-18 0.456 5.919
2013-03-18 0.456 6.051
2013-02-14 0.456 6.104
2013-01-17 0.456 6.135
2012-12-20 0.456 6.303
2012-10-18 0.456 6.370
2012-09-17 0.456 6.125
2012-07-19 0.456 6.160
2012-06-15 0.456 6.389
2012-05-17 0.456 6.601
2012-04-19 0.456 6.506
2012-03-20 0.456 6.584
2012-02-16 0.456 6.583
2012-01-19 0.456 6.702
2011-12-20 0.456 6.872
2011-10-19 0.456 7.014
2011-09-19 0.456 7.246
2011-08-17 0.456 7.222
2011-07-18 0.456 7.217
2011-06-20 0.456 6.951
2011-05-19 0.456 6.913
2011-04-18 0.456 6.926
2011-03-18 0.456 7.054
2011-02-18 0.456 7.090
2011-01-20 0.456 7.065
2010-12-21 0.456 7.186
2010-11-18 0.456 7.213
2010-10-19 0.456 6.997
2010-09-17 0.456 7.035
2010-08-20 0.456 7.227
2010-07-19 0.456 7.318
2010-06-17 0.456 7.722
2010-05-17 0.456 7.956
2010-04-19 0.456 7.591
2010-03-18 0.456 7.601
2010-02-17 0.456 7.798
2010-01-19 0.456 7.995
2009-12-21 0.456 7.849
2009-11-20 0.456 8.186
2009-10-20 0.456 8.505
2009-09-17 0.456 8.455
2009-08-20 0.456 8.870
2009-07-20 0.456 9.049
2009-06-19 0.456 9.688
2009-05-19 0.456 10.135
2009-04-20 0.456 10.766
2009-03-19 0.456 11.809

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Franklin Universal Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Franklin Universal Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Franklin Universal Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Franklin Universal Trust has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Franklin Universal Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ed Jamieson
AGE 70
TENURE AS CEO 26.2 years
CEO Bio

Mr. Edward Burton Jamieson, also known as Ed, is an Executive Vice President at Franklin Templeton Institutional, LLC. Mr. Jamieson also serves as the President, Chief Investment Officer and Director at Franklin Advisers Inc. He serves as a Vice President at Franklin Resources Inc. and an Executive Officer at Templeton Asset Management Ltd. Mr. Jamieson has been the President at Franklin Universal Trust since 1993 and the Chief Executive Officer of Investment Management since 2002. Previously, he served as the President, Chief Investment Officer and Portfolio Manager at ODIN Franklin USA SMB. He served as a Vice President at Franklin Global Trust - Franklin Large Cap Equity Fund since 2000. Mr. Jamieson also served as a Trustee at Franklin Universal Trust since 1989 and Franklin Multi-Income Trust since 1993. Prior to this, he joined Beatrice Consumer Products, Inc., where he served as the Treasurer. At this firm, Mr. Jamieson was responsible for financing, foreign exchange management, bank relations and risk management. Previously, he served as a Director of International Treasury of Pepsico, Inc.'s Corporate Treasury. Mr. Jamieson served in the United States Army Reserve, Air Defense Artillery in 1971. He received a Master of Accounting and Finance degree from the University Of Chicago Graduate School of Business and a B.A. from Bucknell University and in 1975.

CEO Compensation
  • Insufficient data for Ed to compare compensation growth.
  • Insufficient data for Ed to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Franklin Universal Trust management team in years:

10.2
Average Tenure
58
Average Age
  • The average tenure for the Franklin Universal Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rupert Johnson

TITLE
Chairman and Senior Vice President
AGE
78
TENURE
31.2 yrs

Ed Jamieson

TITLE
President and Chief Executive Officer of Franklin Advisers Inc
AGE
70
TENURE
26.2 yrs

Gaston Gardey

TITLE
Chief Financial Officer
AGE
51
TENURE
10.2 yrs

Laura Fergerson

TITLE
Treasurer
AGE
56
TENURE
10.2 yrs

Robert Rosselot

TITLE
Chief Compliance Officer
AGE
58
TENURE
6 yrs

Karen Skidmore

TITLE
Vice President and Secretary
AGE
66
TENURE
12.9 yrs

Craig Tyle

TITLE
Vice President
AGE
58
TENURE
13.4 yrs

Steven Gray

TITLE
Vice President
AGE
63
TENURE
10.2 yrs

Lisa Gallegos

TITLE
Director of Corporate Communications - Resources

Aliya Gordon

TITLE
Vice President
AGE
45
TENURE
10.2 yrs
Board of Directors Tenure

Average tenure and age of the Franklin Universal Trust board of directors in years:

11.9
Average Tenure
70
Average Age
  • The average tenure for the Franklin Universal Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Rupert Johnson

TITLE
Chairman and Senior Vice President
AGE
78

John Wilson

TITLE
Lead Independent Trustee
COMPENSATION
$1K
AGE
59
TENURE
11.2 yrs

Harris Ashton

TITLE
Independent Trustee
COMPENSATION
$1K
AGE
86
TENURE
31.2 yrs

Ede Holiday

TITLE
Independent Trustee
COMPENSATION
$1K
AGE
66
TENURE
15.2 yrs

Frank Olson

TITLE
Independent Trustee
COMPENSATION
$3K
AGE
86
TENURE
13.8 yrs

Larry Thompson

TITLE
Independent Trustee
COMPENSATION
$1K
AGE
73
TENURE
11.9 yrs

Sam Ginn

TITLE
Independent Trustee
COMPENSATION
$1K
AGE
81
TENURE
11.9 yrs

Mike Luttig

TITLE
Independent Trustee
COMPENSATION
$1K
AGE
64
TENURE
9.3 yrs

Greg Johnson

TITLE
AGE
57
TENURE
5.8 yrs

Mary Choksi

TITLE
COMPENSATION
$1K
AGE
67
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Franklin Universal Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Franklin Universal Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc. The fund is managed by Franklin Advisers, Inc. It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks. The fund benchmarks the equity component of its balanced portfolio against the S&P 500 Electric Utilities Index and the fixed component against the Credit Suisse High Yield. Franklin Universal Trust was formed on September 23, 1988 and is domiciled in the United States.

Details
Name: Franklin Universal Trust
FT
Exchange: NYSE
Founded: 1988
$175,923,258
25,131,894
Website: http://www.franklintempleton.com/retail/jsp_app/products/closed_end_fund.jsp?fundNumber=002
Address: Franklin Universal Trust
One Franklin Parkway,
Suite 2100,
San Mateo,
California, 94403-1906,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE FT Common Stock New York Stock Exchange US USD 23. Sep 1988
Number of employees
Current staff
Staff numbers
0
Franklin Universal Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:48
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2018/11/01
Last earnings reported: 2018/08/31
Last annual earnings reported: 2018/08/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.