General American Investors Company, Inc. is a publicly owned investment manager. More Details
Adequate balance sheet and fair value.
Share Price & News
How has General American Investors Company's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GAM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: GAM's weekly volatility (2%) has been stable over the past year.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: GAM underperformed the US Capital Markets industry which returned 45.4% over the past year.
Return vs Market: GAM underperformed the US Market which returned 36.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is General American Investors Company's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall StShould You Or Shouldn't You: A Dividend Analysis on General American Investors Company, Inc. (NYSE:GAM)
6 months ago | Simply Wall StKey Things To Understand About General American Investors Company's (NYSE:GAM) CEO Pay Cheque
2 years ago | Simply Wall StShould You Be Tempted To Buy General American Investors Company Inc (NYSE:GAM) At Its Current PE Ratio?
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 ($37.81) is trading above our estimate of fair value ($27.78)
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 (14.2x) compared to the US Capital Markets industry average (23.4x).
PE vs Market: GAM is good value based on its PE Ratio (14.2x) compared to the US market (21.5x).
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 (19.8x).
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.
- Examine whether General American Investors Company is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- General American Investors Company competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
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 $70.6M impacting its December 31 2020 financial results.
Growing Profit Margin: GAM's current net profit margins are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: GAM has become profitable over the past 5 years, growing earnings by 1.3% per year.
Accelerating Growth: GAM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GAM had negative earnings growth (-76.7%) over the past year, making it difficult to compare to the Capital Markets industry average (10.4%).
Return on Equity
High ROE: GAM's Return on Equity (6%) is considered low.
How is General American Investors Company's financial position?
Financial Position Analysis
Short Term Liabilities: GAM's short term assets ($4.5M) do not cover its short term liabilities ($18.2M).
Long Term Liabilities: GAM's short term assets ($4.5M) do not cover its long term liabilities ($10.4M).
Debt to Equity History and Analysis
Debt Level: GAM is debt free.
Reducing Debt: GAM has not had any debt for past 5 years.
Debt Coverage: GAM has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GAM has no debt, therefore coverage of interest payments is not a concern.
What is General American Investors Company current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GAM's dividend (6.61%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: GAM's dividend (6.61%) is in the top 25% of dividend payers in the US market (3.64%)
Stability and Growth of Payments
Stable Dividend: GAM's dividend payments have been volatile in the past 10 years.
Growing Dividend: GAM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (94.2%), GAM's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeffrey Priest (57 yo)
Mr. Jeffrey W. Priest has been the President since February 1, 2012, Chief Executive Officer and Portfolio Manager since January 1, 2013 and Director of General American Investors Company, Inc from 2013. H...
CEO Compensation Analysis
Compensation vs Market: Jeffrey's total compensation ($USD1.83M) is about average for companies of similar size in the US market ($USD2.21M).
Compensation vs Earnings: Jeffrey's compensation has been consistent with company performance over the past year.
|CEO, President||8.17yrs||US$1.83m||0.80% |
|Senior VP & Analyst||14.25yrs||US$976.00k||0.56% |
|Senior VP & Analyst||2.17yrs||US$998.00k||0.079% |
|VP of Administration||16.17yrs||US$271.88k||0.29% |
|Treasurer & Principal Accounting Officer||2.17yrs||no data||0.0099% |
|VP & Director of Information Technology||no data||no data||0.21% |
|Assistant Corporate Secretary and Human Resources & Benefits Manager||6.17yrs||no data||0.026% |
|Corporate Secretary||5.17yrs||no data||0.21% |
|VP & Analyst||15.17yrs||US$864.00k||0.33% |
|VP & Analyst||no data||no data||no data|
Experienced Management: GAM's management team is seasoned and experienced (7.2 years average tenure).
|CEO, President||8.17yrs||US$1.83m||0.80% |
|Independent Director||3.83yrs||US$25.25k||no data|
|Independent Director||26.17yrs||US$26.25k||0.29% |
|Independent Chairman||13.92yrs||US$25.25k||0.30% |
|Independent Director||13.67yrs||US$22.75k||0.013% |
|Independent Director||35.17yrs||US$27.75k||1.11% |
|Independent Director||11.17yrs||US$24.00k||0.011% |
|Independent Director||4.17yrs||US$26.50k||no data|
|Independent Director||5.42yrs||US$25.00k||no data|
|Independent Director||0.25yr||no data||no data|
Experienced Board: GAM's board of directors are considered experienced (9.7 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
General American Investors Company, Inc.'s company bio, 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$929.984m
- 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
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GAM||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1968|
|GAM.PRB||NYSE (New York Stock Exchange)||PFD B 5.95%||US||USD||Sep 2003|
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. It makes investmen...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/03/06 23:38|
|End of Day Share Price||2021/03/05 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.