The Gabelli Multimedia Trust Inc. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc.
Share Price & News
How has Gabelli Multimedia Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GGT has not had significant price volatility in the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: GGT underperformed the US Capital Markets industry which returned 15.5% over the past year.
Return vs Market: GGT underperformed the US Market which returned 17.9% over the past year.
Price Volatility Vs. Market
How volatile is Gabelli Multimedia Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Gabelli Multimedia Trust undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: GGT ($8.36) is trading above our estimate of fair value ($6.12)
Significantly Below Fair Value: GGT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GGT is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.
PE vs Market: GGT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GGT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GGT is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (6.6x).
How is Gabelli Multimedia Trust 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 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 SimplyWall St do have past financial data.
How has Gabelli Multimedia Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GGT is currently unprofitable.
Growing Profit Margin: GGT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GGT is unprofitable, and losses have increased over the past 5 years at a rate of -13.7% per year.
Accelerating Growth: Unable to compare GGT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GGT is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.4%).
Return on Equity
High ROE: GGT has a negative Return on Equity (0.73%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Gabelli Multimedia Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: GGT has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if GGT's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: GGT has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: Insufficient data to determine if GGT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Financial Institutions Analysis
Asset Level: GGT's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if GGT has a sufficient allowance for bad loans.
Low Risk Liabilities: GGT reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if GGT has an acceptable proportion of non-loan assets held.
Low Risk Deposits: GGT has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if GGT has an appropriate level of bad loans.
What is Gabelli Multimedia Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Gabelli Multimedia Trust before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GGT's dividend (10.53%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: GGT's dividend (10.53%) is in the top 25% of dividend payers in the US market (3.73%)
Stability and Growth of Payments
Stable Dividend: GGT's dividend payments have been volatile in the past 10 years.
Growing Dividend: GGT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: GGT is paying a dividend but the company is unprofitable.
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 board tenure
Gabelli Multimedia Trust has no CEO, or we have no data on them.
|Independent Director||26.1yrs||US$11.50k||0.023% $46.7k|
|Independent Director||26.1yrs||US$10.50k||0.0040% $8.4k|
|Independent Director||20.5yrs||US$8.50k||no data|
|Independent Director||26.1yrs||US$13.50k||0.026% $54.0k|
|Independent Director||18.5yrs||US$11.50k||0.020% $42.0k|
|Director Emeritus||8.8yrs||US$8.75k||no data|
|Independent Director||20.3yrs||US$11.50k||no data|
|Independent Director||7.5yrs||US$8.50k||0.033% $68.7k|
Experienced Board: GGT's board of directors are seasoned and experienced ( 20.4 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.
The Gabelli Multimedia Trust Inc.'s company bio, employee growth, exchange listings and data sources
- Name: The Gabelli Multimedia Trust Inc.
- Ticker: GGT
- Exchange: NYSE
- Founded: 1994
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$207.551m
- Shares outstanding: 24.83m
- Website: https://www.gabelli.com/Template/fundinfo.cfm?tid=NDU1NDE=&bid=NmU3Yw==&mid=NzRmMjU=&num=MTczY2Y=&kid=MTU5NDA=&fid=NzFhOWI=&rid=211-=edoc_dnuf
- The Gabelli Multimedia Trust Inc.
- One Corporate Center
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GGT||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Oct 1994|
|GGT.PRG||NYSE (New York Stock Exchange)||5.125 PFD SR G||US||USD||Dec 2019|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 01:11|
|End of Day Share Price||2020/02/21 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.