General American Investors Company, Inc. is a publicly owned investment manager.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$44.20|
|52 Week High||US$32.76|
|52 Week Low||US$45.41|
|1 Month Change||-1.25%|
|3 Month Change||1.96%|
|1 Year Change||30.54%|
|3 Year Change||19.14%|
|5 Year Change||36.00%|
|Change since IPO||138.93%|
Recent News & Updates
|GAM||US Capital Markets||US Market|
Return vs Industry: GAM underperformed the US Capital Markets industry which returned 63.3% over the past year.
Return vs Market: GAM underperformed the US Market which returned 32.8% over the past year.
Stable Share Price: GAM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: GAM's weekly volatility (1%) has been stable over the past year.
About the Company
General American Investors Company, Inc. is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies.
General American Investors Company Fundamentals Summary
|GAM fundamental statistics|
Is GAM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GAM income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||14.71|
|Net Profit Margin||2,383.77%|
How did GAM perform over the long term?See historical performance and comparison
5.7%Current Dividend Yield
Is General American Investors Company undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GAM ($44.2) is trading above our estimate of fair value ($31.38)
Significantly Below Fair Value: GAM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GAM is good value based on its PE Ratio (3x) compared to the US Capital Markets industry average (15.5x).
PE vs Market: GAM is good value based on its PE Ratio (3x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GAM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GAM is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (61.3x).
How is General American Investors Company forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 General American Investors Company 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.
How has General American Investors Company performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GAM has a large one-off gain of $372.0M impacting its June 30 2021 financial results.
Growing Profit Margin: GAM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GAM has become profitable over the past 5 years, growing earnings by 15.9% per year.
Accelerating Growth: GAM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GAM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (78.6%).
Return on Equity
High ROE: GAM's Return on Equity (26.3%) is considered high.
How is General American Investors Company's financial position?
Financial Position Analysis
Short Term Liabilities: GAM's short term assets ($8.2M) do not cover its short term liabilities ($25.4M).
Long Term Liabilities: GAM's short term assets ($8.2M) do not cover its long term liabilities ($11.0M).
Debt to Equity History and Analysis
Debt Level: GAM is debt free.
Reducing Debt: GAM has not had any debt for past 5 years.
Debt Coverage: GAM has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GAM has no debt, therefore coverage of interest payments is not a concern.
What is General American Investors Company current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GAM's dividend (5.66%) is higher than the bottom 25% of dividend payers in the US market (1.3%).
High Dividend: GAM's dividend (5.66%) is in the top 25% of dividend payers in the US market (3.57%)
Stability and Growth of Payments
Stable Dividend: GAM's dividend payments have been volatile in the past 10 years.
Growing Dividend: GAM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (16.7%), GAM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeffrey Priest (58 yo)
Mr. Jeffrey W. Priest has been the President since February 1, 2012, Chief Executive Officer and Portfolio Manager since January 1, 2013 and Director of General American Investors Company, Inc from 2013. H...
CEO Compensation Analysis
Compensation vs Market: Jeffrey's total compensation ($USD1.83M) is about average for companies of similar size in the US market ($USD2.28M).
Compensation vs Earnings: Jeffrey's compensation has been consistent with company performance over the past year.
Experienced Management: GAM's management team is seasoned and experienced (7.7 years average tenure).
Experienced Board: GAM's board of directors are seasoned and experienced ( 10.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
General American Investors Company, Inc.'s employee growth, exchange listings and data sources
- Name: General American Investors Company, Inc.
- Ticker: GAM
- Exchange: NYSE
- Founded: 1927
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$1.087b
- Shares outstanding: 24.60m
- Website: https://www.generalamericaninvestors.com
- General American Investors Company, Inc.
- 530 Fifth Avenue
- 26th Floor
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 23:00|
|End of Day Share Price||2021/09/27 00:00|
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.