GAMCO Investors (NYSE:GBL) - Share price, News & Analysis

GBL fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

GBL Stock Overview

GAMCO Investors, Inc. is a publicly owned holding investment manager.

Rewards

Trading at 69.6% below our estimate of its fair value

Risk Analysis

Earnings have declined by 9.9% per year over past 5 years

GAMCO Investors Competitors

Blackstone

NYSE:BX

US$125.9b

BlackRock

NYSE:BLK

US$93.2b

KKR

NYSE:KKR

US$43.9b

Bank of New York Mellon

NYSE:BK

US$35.1b

Price History & Performance

Summary of all time highs, changes and price drops for GAMCO Investors
Historical stock prices
Current Share Price	US$20.65
52 Week High	US$29.94
52 Week Low	US$19.52
Beta	1.52
1 Month Change	0%
3 Month Change	-3.60%
1 Year Change	-18.89%
3 Year Change	6.50%
5 Year Change	-29.33%
Change since IPO	15.93%

Shareholder Returns

	GBL	US Capital Markets	US Market
7D	-1.0%	-1.7%	-2.5%
1Y	-18.9%	-14.2%	-10.4%

Return vs Industry: GBL underperformed the US Capital Markets industry which returned -14.2% over the past year.

Return vs Market: GBL underperformed the US Market which returned -10.4% over the past year.

Price Volatility

Is GBL's price volatile compared to industry and market?
GBL volatility
GBL Average Weekly Movement	4.9%
Capital Markets Industry Average Movement	0.4%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.7%
10% least volatile stocks in US Market	2.8%

Stable Share Price: GBL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: GBL's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1976	168	Mario Gabelli	https://www.gabelli.com

GAMCO Investors, Inc. is a publicly owned holding investment manager. The firm also provides wealth management, investment advisory, institutional research, brokerage, dealer, underwriting, and distribution services to its clients. It provides its services to individuals including high net worth individuals, corporate pension and profit-sharing plans, foundations, endowments, jointly trust plans, municipalities, and investment companies.

GAMCO Investors Fundamentals Summary

How do GAMCO Investors's earnings and revenue compare to its market cap?
GBL fundamental statistics
Market Cap	US$538.89m
Earnings (TTM)	US$74.70m
Revenue (TTM)	US$302.82m

7.2x

P/E Ratio

1.8x

P/S Ratio

Is GBL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GBL income statement (TTM)
Revenue	US$302.82m
Cost of Revenue	US$116.56m
Gross Profit	US$186.26m
Other Expenses	US$111.56m
Earnings	US$74.70m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	2.86
Gross Margin	61.51%
Net Profit Margin	24.67%
Debt/Equity Ratio	47.4%

How did GBL perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

4%

Payout Ratio

Does GBL pay a reliable dividends?

See GBL dividend history and benchmarks

When do you need to buy GBL by to receive an upcoming dividend?
GAMCO Investors dividend dates
Ex Dividend Date	Jun 13 2022
Dividend Pay Date	Jun 28 2022
Days until Ex dividend	27 days
Days until Dividend pay date	42 days

Does GBL pay a reliable dividends?

See GBL dividend history and benchmarks

Valuation

Is GAMCO Investors undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: GBL ($20.65) is trading below our estimate of fair value ($67.97)

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

Price To Earnings Ratio

PE vs Industry: GBL is good value based on its PE Ratio (7.2x) compared to the US Capital Markets industry average (35.4x).

PE vs Market: GBL is good value based on its PE Ratio (7.2x) compared to the US market (15.5x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: GBL is overvalued based on its PB Ratio (5x) compared to the US Capital Markets industry average (-16.2x).

Future Growth

How is GAMCO Investors 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

10.1%

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 GAMCO Investors 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 GAMCO Investors 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

-9.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GBL has high quality earnings.

Growing Profit Margin: GBL's current net profit margins (24.7%) are higher than last year (24.6%).

Past Earnings Growth Analysis

Earnings Trend: GBL's earnings have declined by 9.9% per year over the past 5 years.

Accelerating Growth: GBL's earnings growth over the past year (17.8%) exceeds its 5-year average (-9.9% per year).

Earnings vs Industry: GBL earnings growth over the past year (17.8%) underperformed the Capital Markets industry 47.5%.

Return on Equity

High ROE: GBL's Return on Equity (69.5%) is considered outstanding.

Financial Health

How is GAMCO Investors's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: GBL's short term assets ($172.0M) exceed its short term liabilities ($66.5M).

Long Term Liabilities: GBL's short term assets ($172.0M) exceed its long term liabilities ($56.3M).

Debt to Equity History and Analysis

Debt Level: GBL has more cash than its total debt.

Reducing Debt: GBL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: GBL's debt is well covered by operating cash flow (145.6%).

Interest Coverage: GBL's interest payments on its debt are well covered by EBIT (49.4x coverage).

Balance Sheet

Dividend

What is GAMCO Investors's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.77%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: GBL's dividend (0.77%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: GBL's dividend (0.77%) is low compared to the top 25% of dividend payers in the US market (4.05%).

Stability and Growth of Payments

Stable Dividend: GBL is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: GBL is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.

Earnings Payout to Shareholders

Earnings Coverage: GBL is not paying a notable dividend for the US market.

Cash Payout to Shareholders

Cash Flow Coverage: GBL is not paying a notable dividend for the US market.

Next Steps

Explore strong dividend paying companies in the Diversified Financials industry.

Management

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

6.8yrs

Average management tenure

CEO

Mario Gabelli (78 yo)

no data

Tenure

US$29,238,340

Compensation

Mr. Mario Joseph Gabelli, CFA, has served as Chairman, Chief Executive Officer, Chief Investment Officer– Value and a director of GAMCO Investors, Inc. since November 1976. In connection with those respons...

Leadership Team

Experienced Management: GBL's management team is seasoned and experienced (6.8 years average tenure).

Board Members

Experienced Board: GBL's board of directors are seasoned and experienced ( 14.8 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 not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/15 00:00
End of Day Share Price	2022/05/13 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31