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GAB

Gabelli Equity Trust NYSE:GAB Stock Report

Last Price

US$6.63

Market Cap

US$1.9b

7D

-0.2%

1Y

-12.1%

Updated

25 May, 2022

Data

Company Financials
GAB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends4/6

GAB Stock Overview

The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc.

Gabelli Equity Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gabelli Equity Trust
Historical stock prices
Current Share PriceUS$6.63
52 Week HighUS$7.57
52 Week LowUS$6.39
Beta0.96
1 Month Change-4.88%
3 Month Change-2.21%
1 Year Change-12.07%
3 Year Change9.95%
5 Year Change8.51%
Change since IPO-52.22%

Recent News & Updates

Nov 19

GAB: 10% Managed Distribution Plan Attracts Income Investors, Premium Is Climbing Higher

GAB had conducted a rights offering earlier this year that saw the premium slide but has recently recovered to its higher level once again. The fund has a 10% managed distribution plan and, thanks to the solid returns this year, led to a recent distribution boost. This can be an excellent equity fund for income investors; however, it keeps me on the sidelines with its premium.

Aug 16

GAB: Tempting Distribution Yield, Potential Opportunity

GAB carries a high distribution rate on a fairly vanilla portfolio; that's their appeal. Recently GAB closed out a rights offering - and as we typically see, the valuation has come down. The fund is now trading near par and presents some potential opportunity.

Jun 22

Gabelli Equity Trust: Rights Offering Analysis

GAB is in the middle of a 10-for-1 transferable rights offering. The offering is likely to be dilutive due to the substantial discount that the new shares are offered at. What should investors, who held through the ex-rights date and now own GAB rights, do?

Shareholder Returns

GABUS Capital MarketsUS Market
7D-0.2%3.3%1.0%
1Y-12.1%-13.5%-15.1%

Return vs Industry: GAB exceeded the US Capital Markets industry which returned -14% over the past year.

Return vs Market: GAB exceeded the US Market which returned -13.2% over the past year.

Price Volatility

Is GAB's price volatile compared to industry and market?
GAB volatility
GAB Average Weekly Movement2.6%
Capital Markets Industry Average Movement0.4%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: GAB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GAB's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1986n/aBruce Alperthttps://www.gabelli.com/Template/fundinfo.cfm?tid=MWY5ZDg=&bid=YjUxNQ==&mid=MjJmMTI=&num=NmVjMTI=&kid=Mzc2MDA=&pid=obj&rid=111-=edoc_dnuf

The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.

Gabelli Equity Trust Fundamentals Summary

How do Gabelli Equity Trust's earnings and revenue compare to its market cap?
GAB fundamental statistics
Market CapUS$1.93b
Earnings (TTM)US$342.82m
Revenue (TTM)US$34.59m

5.6x

P/E Ratio

55.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GAB income statement (TTM)
RevenueUS$34.59m
Cost of RevenueUS$0
Gross ProfitUS$34.59m
Other Expenses-US$308.22m
EarningsUS$342.82m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.17
Gross Margin100.00%
Net Profit Margin990.95%
Debt/Equity Ratio2.9%

How did GAB perform over the long term?

See historical performance and comparison

Dividends

10.9%

Current Dividend Yield

54%

Payout Ratio

Does GAB pay a reliable dividends?

See GAB dividend history and benchmarks
When do you need to buy GAB by to receive an upcoming dividend?
Gabelli Equity Trust dividend dates
Ex Dividend DateJun 14 2022
Dividend Pay DateJun 23 2022
Days until Ex dividend18 days
Days until Dividend pay date27 days

Does GAB pay a reliable dividends?

See GAB dividend history and benchmarks

Valuation

Is Gabelli Equity Trust undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


15.3%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: GAB ($6.63) is trading below our estimate of fair value ($7.82)

Significantly Below Fair Value: GAB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GAB is good value based on its Price-To-Earnings Ratio (5.6x) compared to the US Capital Markets industry average (29.6x).

PE vs Market: GAB is good value based on its Price-To-Earnings Ratio (5.6x) compared to the US market (14.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GAB is overvalued based on its Price-To-Book Ratio (1x) compared to the US Capital Markets industry average (-18.8x).

Future Growth

How is Gabelli Equity Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.8%

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 Gabelli Equity 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 Gabelli Equity Trust performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GAB has a large one-off gain of $354.2M impacting its December 31 2021 financial results.

Growing Profit Margin: GAB's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: GAB's earnings have grown by 16.6% per year over the past 5 years.

Accelerating Growth: GAB's earnings growth over the past year (125.3%) exceeds its 5-year average (16.6% per year).

Earnings vs Industry: GAB earnings growth over the past year (125.3%) exceeded the Capital Markets industry 96.7%.


Return on Equity

High ROE: GAB's Return on Equity (15.6%) is considered low.

Financial Health

How is Gabelli Equity Trust's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GAB's short term assets ($6.0M) exceed its short term liabilities ($5.0M).

Long Term Liabilities: GAB's short term assets ($6.0M) do not cover its long term liabilities ($67.9M).


Debt to Equity History and Analysis

Debt Level: GAB's net debt to equity ratio (2.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if GAB's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: GAB's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: GAB's interest payments on its debt are well covered by EBIT (85.6x coverage).


Balance Sheet

Dividend

What is Gabelli Equity Trust current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


10.86%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 26 2022Ex Dividend DateJun 14 2022Dividend Pay DateJun 23 20229 days from Ex DividendBuy in the next 18 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: GAB's dividend (10.86%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: GAB's dividend (10.86%) is in the top 25% of dividend payers in the US market (4.06%)


Stability and Growth of Payments

Stable Dividend: GAB's dividend payments have been volatile in the past 10 years.

Growing Dividend: GAB's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (53.6%), GAB's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: GAB is paying a dividend but the company has no free cash flows.

Management

How experienced are the management team and are they aligned to shareholders interests?

11.1yrs

Average management tenure


CEO

Bruce Alpert (69 yo)

19.33yrs

Tenure

Mr. Bruce N. Alpert, CPA, has been the President of GAMCO Global Gold, Natural Resources & Income Trust since 2005. He served as a Senior Vice President of GAMCO Investors Inc. since May 2008 and serves as...


Leadership Team

Experienced Management: GAB's management team is seasoned and experienced (11.1 years average tenure).


Board Members

Experienced Board: GAB's board of directors are seasoned and experienced ( 24 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 been diluted in the past year, with total shares outstanding growing by 11.5%.


Top Shareholders

Company Information

The Gabelli Equity Trust Inc.'s employee growth, exchange listings and data sources


Key Information


Location

  • The Gabelli Equity Trust Inc.
  • One Corporate Center
  • Rye
  • New York
  • 10580-1422
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.