Gabelli Multimedia Trust
NYSE:GGT
GGT
NYSE
$206M
Market Cap
Company description
The Gabelli Multimedia Trust Inc. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. The last earnings update was 17 days ago. More info.
Add to Portfolio Compare Print
- Gabelli Multimedia Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
GGT Share Price and Events
7 Day Returns
-1.1%
NYSE:GGT
-4%
US Capital Markets
-1.1%
US Market
1 Year Returns
-9.2%
NYSE:GGT
-10%
US Capital Markets
6.4%
US Market
GGT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Gabelli Multimedia Trust (GGT) | -1.1% | -0.2% | 21.7% | -9.2% | 18.5% | -21.4% |
| US Capital Markets | -4% | -4.2% | 11.1% | -10% | 51.8% | 54.4% |
| US Market | -1.1% | 0.3% | 17.2% | 6.4% | 37.9% | 42.1% |
1 Year Return vs Industry and Market
- GGT underperformed the Market in United States of America which returned 6.4% over the past year.
Price Volatility
GGT
Industry
5yr Volatility vs Market
Related Companies
Value
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
Here we compare the current
share
price of
Gabelli Multimedia Trust
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data
Below are the data sources, inputs and calculation used to determine the intrinsic value for Gabelli Multimedia Trust.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $8.36 * 6.5% |
$0.55 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | $8.36 |
| Discount Rate (Cost of Equity) | See below | 9.3% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Capital Markets Unlevered Beta | Simply Wall St/ S&P Global | 0.72 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.718 (1 + (1- 21%) (0%)) |
1.099 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.1 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.099 * 5.96%) |
9.28% |
Discounted Cash Flow Calculation for NYSE:GGT using Excess Returns Model Model
The calculations below outline how an intrinsic value for Gabelli Multimedia Trust is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (6.5% – 9.28%) * $8.36) |
$-0.23 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.23 / (9.28% - 2.73%) |
$-3.50 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $8.36 + $-3.50 |
$4.86 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $4.86 |
| Current discount | Discount to share price of
$8.46
= -1 x ($8.46 - $4.86) / $4.86 |
-74% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Gabelli Multimedia Trust is above its future cash flow value.
Often investors are willing to pay a
premium
for a company that has a high dividend or the potential for future growth.
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 Gabelli Multimedia Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Gabelli Multimedia Trust's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $-1.40 |
| NYSE:GGT Share Price ** | NYSE (2019-03-22) in USD | $8.46 |
| United States of America Capital Markets Industry PE Ratio | Median Figure of 77 Publicly-Listed Capital Markets Companies | 24.51x |
| United States of America Market PE Ratio | Median Figure of 3,062 Publicly-Listed Companies | 17.16x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Gabelli Multimedia Trust.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:GGT Share Price ÷ EPS (both in USD) = 8.46 ÷ -1.40 |
-6.03x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Gabelli Multimedia Trust is loss making, we can't compare its value to the US Capital Markets industry average.
- Gabelli Multimedia Trust is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Gabelli Multimedia Trust's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -6.03x |
| 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 | 1.85x |
| United States of America Market PEG Ratio | Median Figure of 2,105 Publicly-Listed Companies | 1.44x |
*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 Gabelli Multimedia Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Gabelli Multimedia Trust's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $7.04 |
| NYSE:GGT Share Price * | NYSE (2019-03-22) in USD | $8.46 |
| United States of America Capital Markets Industry PB Ratio | Median Figure of 153 Publicly-Listed Capital Markets Companies | 5.04x |
| United States of America Market PB Ratio | Median Figure of 5,165 Publicly-Listed Companies | 1.85x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:GGT Share Price ÷ Book Value per Share (both in USD) = 8.46 ÷ 7.04 |
1.2x |
* Primary Listing of Gabelli Multimedia Trust.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Gabelli Multimedia Trust is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Gabelli Multimedia Trust's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check) Gabelli Multimedia 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
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 Multimedia 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!
6.6%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Gabelli Multimedia Trust
expected to grow at an
attractive
rate?
- Unable to compare Gabelli Multimedia Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Gabelli Multimedia Trust's earnings growth to the United States of America market average as no estimate data is available.
- Unable to compare Gabelli Multimedia Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| United States of America Capital Markets Industry Earnings Growth Rate | Market Cap Weighted Average | 6.6% |
| 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 | 14.2% |
| 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
All numbers in USD Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 4 | -35 | |
| 2018-09-30 | 4 | -8 | |
| 2018-06-30 | 4 | 18 | |
| 2018-03-31 | 4 | 34 | |
| 2017-12-31 | 4 | 50 | |
| 2017-09-30 | 3 | 46 | |
| 2017-06-30 | 3 | 42 | |
| 2017-03-31 | 4 | 28 | |
| 2016-12-31 | 4 | 15 | |
| 2016-09-30 | 4 | -1 | |
| 2016-06-30 | 4 | -16 | |
| 2016-03-31 | 4 | -14 |
*GAAP earnings excluding extraordinary items.
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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Gabelli Multimedia Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | -1.40 |
| 2018-09-30 | -0.33 |
| 2018-06-30 | 0.75 |
| 2018-03-31 | 1.39 |
| 2017-12-31 | 2.04 |
| 2017-09-30 | 1.89 |
| 2017-06-30 | 1.74 |
| 2017-03-31 | 1.17 |
| 2016-12-31 | 0.60 |
| 2016-09-30 | -0.04 |
| 2016-06-30 | -0.67 |
| 2016-03-31 | -0.59 |
*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 Gabelli Multimedia Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Gabelli Multimedia 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.
Future performance checks
We assess Gabelli Multimedia Trust's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Gabelli Multimedia 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 Gabelli Multimedia 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
Gabelli Multimedia 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.
- Gabelli Multimedia Trust does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare Gabelli Multimedia Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Gabelli Multimedia Trust's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Gabelli Multimedia 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 Gabelli Multimedia Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 4.15 | -34.56 | 3.31 | |
| 2018-09-30 | 4.03 | -8.09 | 3.37 | |
| 2018-06-30 | 3.91 | 18.39 | 3.43 | |
| 2018-03-31 | 3.71 | 34.06 | 3.32 | |
| 2017-12-31 | 3.50 | 49.73 | 3.21 | |
| 2017-09-30 | 3.48 | 46.04 | 3.14 | |
| 2017-06-30 | 3.47 | 42.34 | 3.07 | |
| 2017-03-31 | 3.75 | 28.43 | 2.86 | |
| 2016-12-31 | 4.04 | 14.53 | 2.64 | |
| 2016-09-30 | 4.07 | -0.90 | 2.54 | |
| 2016-06-30 | 4.10 | -16.32 | 2.44 | |
| 2016-03-31 | 3.92 | -14.35 | 2.71 | |
| 2015-12-31 | 3.74 | -12.37 | 2.98 | |
| 2015-09-30 | 3.68 | 0.14 | 3.08 | |
| 2015-06-30 | 3.62 | 12.66 | 3.18 | |
| 2015-03-31 | 3.55 | 10.40 | 3.19 | |
| 2014-12-31 | 3.47 | 8.14 | 3.19 | |
| 2014-09-30 | 3.76 | 26.37 | 3.08 | |
| 2014-06-30 | 4.04 | 44.61 | 2.97 | |
| 2014-03-31 | 3.89 | 54.87 | 2.83 | |
| 2013-12-31 | 3.74 | 65.13 | 2.69 | |
| 2013-09-30 | 4.08 | 54.21 | 2.58 | |
| 2013-06-30 | 4.41 | 43.30 | 2.46 | |
| 2013-03-31 | 4.43 | 35.51 | 2.42 | |
| 2012-12-31 | 4.46 | 27.72 | 2.38 | |
| 2012-09-30 | 3.95 | 10.04 | 2.32 | |
| 2012-06-30 | 3.44 | -7.65 | 2.26 | |
| 2012-03-31 | 3.29 | -6.58 | 2.78 |
*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.
- It is difficult to establish if Gabelli Multimedia Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Gabelli Multimedia Trust has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Gabelli Multimedia Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Gabelli Multimedia 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.
Past performance checks
We assess Gabelli Multimedia Trust's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Gabelli Multimedia 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 Gabelli Multimedia 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 Gabelli Multimedia Trust's finances.
The net worth of a company is the difference between its assets and liabilities.
- Gabelli Multimedia Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Gabelli Multimedia Trust's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
Gabelli Multimedia 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.
- Gabelli Multimedia Trust has no debt, it does not need to be covered by short term assets.
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 Gabelli Multimedia Trust Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 243.31 | 0.00 | 0.01 |
| 2018-09-30 | 243.31 | 0.00 | 0.01 |
| 2018-06-30 | 288.84 | 0.00 | 0.03 |
| 2018-03-31 | 288.84 | 0.00 | 0.03 |
| 2017-12-31 | 297.50 | 0.00 | 0.00 |
| 2017-09-30 | 297.50 | 0.00 | 0.00 |
| 2017-06-30 | 241.91 | 0.00 | 0.05 |
| 2017-03-31 | 241.91 | 0.00 | 0.05 |
| 2016-12-31 | 232.40 | 0.00 | 0.04 |
| 2016-09-30 | 232.40 | 0.00 | 0.04 |
| 2016-06-30 | 231.75 | 0.00 | 0.02 |
| 2016-03-31 | 231.75 | 0.00 | 0.02 |
| 2015-12-31 | 238.05 | 0.00 | 0.01 |
| 2015-09-30 | 238.05 | 0.00 | 0.01 |
| 2015-06-30 | 270.94 | 0.00 | 0.01 |
| 2015-03-31 | 270.94 | 0.00 | 0.01 |
| 2014-12-31 | 273.31 | 0.00 | |
| 2014-09-30 | 273.31 | 0.00 | |
| 2014-06-30 | 228.65 | 0.00 | |
| 2014-03-31 | 228.65 | 0.00 | |
| 2013-12-31 | 232.40 | 0.00 | 0.00 |
| 2013-09-30 | 232.40 | 0.00 | 0.00 |
| 2013-06-30 | 200.42 | 0.00 | 0.01 |
| 2013-03-31 | 200.42 | 0.00 | 0.01 |
| 2012-12-31 | 182.90 | 0.14 | 0.00 |
| 2012-09-30 | 182.90 | 0.14 | 0.00 |
| 2012-06-30 | 171.16 | 0.32 | 0.12 |
| 2012-03-31 | 171.16 | 0.32 | 0.12 |
- Gabelli Multimedia Trust has no debt.
- Gabelli Multimedia Trust had no debt 5 years ago.
- Gabelli Multimedia Trust has no debt, it does not need to be covered by operating cash flow.
- Gabelli Multimedia Trust has no debt, therefore coverage of interest payments is not a concern.
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Gabelli Multimedia Trust's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Gabelli Multimedia Trust has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Gabelli Multimedia 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
10.64%
Current annual income from
Gabelli Multimedia Trust
dividends.
If you bought
$2,000 of
Gabelli Multimedia Trust
shares you are expected to receive
$213
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?
- Gabelli Multimedia Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
- Gabelli Multimedia Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
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
| 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 2003 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-22 | 0.900 | 10.515 |
| 2018-11-16 | 0.960 | 12.048 |
| 2017-11-17 | 0.880 | 9.653 |
| 2016-11-18 | 0.830 | 9.837 |
| 2016-03-09 | 0.940 | 12.766 |
| 2014-11-20 | 1.050 | 12.296 |
| 2014-03-10 | 1.280 | 12.900 |
| 2013-03-11 | 0.800 | 7.993 |
| 2012-08-16 | 0.800 | 10.115 |
| 2012-05-17 | 0.800 | 11.598 |
| 2012-03-01 | 0.800 | 11.286 |
| 2011-11-17 | 1.080 | 16.300 |
| 2011-08-18 | 0.800 | 12.179 |
| 2011-05-26 | 0.800 | 10.509 |
| 2011-02-17 | 0.800 | 9.821 |
| 2010-11-18 | 0.800 | 9.579 |
| 2010-08-19 | 0.800 | 10.406 |
| 2010-04-19 | 0.800 | 11.111 |
| 2010-03-08 | 0.000 | 0.000 |
| 2009-09-03 | 0.000 | 0.000 |
| 2009-03-25 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Gabelli Multimedia Trust has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Gabelli Multimedia Trust only paid a dividend in the past 9 years.
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Gabelli Multimedia Trust's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Gabelli Multimedia Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Gabelli Multimedia Trust has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
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
Bruce
Alpert
| AGE | 66 |
CEO Bio
Mr. Bruce N. Alpert, CPA, has been a Senior Vice President of GAMCO Investors Inc. since May 2008. Mr. Alpert served as Vice President and Chief Operating Officer of Gabelli Funds, LLC or its predecessor from 1988 to 1999, and became Executive Vice President and Chief Operating Officer of Gabelli Funds, LLC in 1999. Since 1989, Mr. Alpert has been a Vice President of G.research, LLC, a subsidiary of Associated Capital Group, Inc. Mr. Alpert is an officer of certain of the Gabelli/GAMCO Funds. Mr. Alpert also served as a director of Teton Advisors, Inc. from 1998 through May 2012, and was its President from 1998 through 2008 and Chairman from 2008 through 2010. He served as Chief Compliance Officer of the Gabelli/GAMCO Funds and Gabelli Funds, LLC from 2012 through 2014. From 1986 until June 1988, he worked at the InterCapital Division of Dean Witter as Vice President and Treasurer of the mutual funds sponsored by Dean Witter. From 1983 through 1986, he worked at Smith Barney Harris Upham & Co. (“Smith Barney”) as Vice President in the Financial Services Division and as Vice President and Treasurer of the mutual funds sponsored by Smith Barney. Prior to Smith Barney, Mr. Alpert was an Audit Manager and Specialist at Price Waterhouse in the Investment Company Industry Services Group, where he was employed from 1975 through 1983. Mr. Alpert is a Certified Public Accountant.
CEO Compensation
- Insufficient data for Bruce to compare compensation growth.
- Insufficient data for Bruce to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team
Mario Gabelli
TITLE
Portfolio Manager
AGE
75
Chris Marangi
TITLE
Portfolio Manager
AGE
44
Bruce Alpert
TITLE
Principal Executive Officer
AGE
66
Agnes Mullady
TITLE
President & Chief Operating Officer of the Open-End Fund Division & Vice President
AGE
59
TENURE
13.2 yrs
Richard Walz
TITLE
Chief Compliance Officer
AGE
59
Chris Dixon
TITLE
Strategic Advisor and Managing Director of Media Investments
Doug Jamieson
TITLE
President of GAMCO Investors Inc and Chief Operating Officer of Gabelli Asset Management Inc
AGE
64
Andrea Mango
TITLE
Secretary
AGE
45
Karyn-Marie Prylucki
TITLE
Director of Proxy Voting Services
Laurissa Martire
TITLE
Vice President
AGE
41
TENURE
15.2 yrs
Board of Directors Tenure
Average tenure and age of the Gabelli Multimedia Trust board of directors in years:
19.5
Average Tenure
78.5
Average Age
- The average tenure for the Gabelli Multimedia Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Anthony Colavita
TITLE
Independent Director
COMPENSATION
$12K
AGE
83
TENURE
17.6 yrs
Salvatore Zizza
TITLE
Independent Director
COMPENSATION
$12K
AGE
73
TENURE
25.2 yrs
Werner Roeder
TITLE
Independent Director
COMPENSATION
$12K
AGE
77
TENURE
19.3 yrs
Anthony Pustorino
TITLE
Independent Director
COMPENSATION
$14K
AGE
92
TENURE
25.2 yrs
Frank Fahrenkopf
TITLE
Independent Director
COMPENSATION
$9K
AGE
79
TENURE
19.6 yrs
James Conn
TITLE
Independent Director
COMPENSATION
$11K
AGE
80
TENURE
25.2 yrs
Kuni Nakamura
TITLE
Independent Director
COMPENSATION
$9K
AGE
50
TENURE
6.6 yrs
Thomas Bratter
TITLE
Director Emeritus
COMPENSATION
$9K
AGE
78
TENURE
7.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
X
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.
Management checks
We assess Gabelli Multimedia Trust's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Gabelli Multimedia 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.
Company Info
Description
The Gabelli Multimedia Trust Inc. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds LLC. The fund invests in the public equity markets across the globe. It invests in stocks, convertible securities, preferred stock, options, and warrants of companies operating across global telecommunications, media, publishing, and entertainment industries. The fund also invests in companies participating in emerging technological advances in interactive services and products. It invests in stocks of companies across market capitalizations. The fund benchmarks the performance of its portfolio against the S&P 500 Index and MSCI World Free Index. It was formerly known as Gabelli Global Multimedia Trust Inc. The Gabelli Multimedia Trust Inc. was formed on November 15, 1994 and is domiciled in the United States.
Details
| Name: | The Gabelli Multimedia Trust Inc. |
| GGT | |
| Exchange: | NYSE |
| Founded: | 1994 |
| $205,947,016 | |
| 24,343,619 | |
| Website: | http://www.gabelli.com/Template/fundinfo.cfm?tid=NDU1NDE=&bid=NmU3Yw==&mid=NzRmMjU=&num=MTczY2Y=&kid=MTU5NDA=&fid=NzFhOWI=&rid=211-=edoc_dnuf |
| Address: |
The Gabelli Multimedia Trust Inc. One Corporate Center, Rye, New York, 10580-1422, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | GGT | Common Shares | New York Stock Exchange | US | USD | 11. Oct 1994 | |
| NYSE | GGT.PRB | PFD B 6% | New York Stock Exchange | US | USD | 02. Apr 2003 |
Number of employees
Current staff
0
Gabelli Multimedia Trust
employees.
Industry
| Asset Management and Custody Banks | |
| Diversified Financials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/24 23:48 |
| End of day share price update: | 2019/03/22 00:00 |
| Last earnings filing: | 2019/03/07 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
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