NYSE:IGD

Stock Analysis Report

Voya Global Equity Dividend and Premium Opportunity Fund

Executive Summary

Voya Global Equity Dividend and Premium Opportunity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC.


Snowflake Analysis

Share Price & News

How has Voya Global Equity Dividend and Premium Opportunity Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IGD has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.6%

IGD

1.7%

US Capital Markets

1.5%

US Market


1 Year Return

-2.8%

IGD

19.0%

US Capital Markets

20.1%

US Market

Return vs Industry: IGD underperformed the US Capital Markets industry which returned 19% over the past year.

Return vs Market: IGD underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

IGDIndustryMarket
7 Day0.6%1.7%1.5%
30 Day-0.9%0.5%1.4%
90 Day3.1%8.6%8.7%
1 Year7.3%-2.8%21.4%19.0%22.7%20.1%
3 Year17.2%-13.0%40.0%32.1%50.1%40.5%
5 Year28.4%-25.5%83.6%66.5%73.1%54.1%

Price Volatility Vs. Market

How volatile is Voya Global Equity Dividend and Premium Opportunity Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Voya Global Equity Dividend and Premium Opportunity Fund undervalued compared to its fair value and its price relative to the market?

0.93x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: IGD ($6.28) is trading above our estimate of fair value ($5.11)

Significantly Below Fair Value: IGD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IGD is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: IGD 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 IGD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IGD is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.7x).

Future Growth

How is Voya Global Equity Dividend and Premium Opportunity Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.4%

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 Voya Global Equity Dividend and Premium Opportunity Fund 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 Voya Global Equity Dividend and Premium Opportunity Fund performed over the past 5 years?

-1.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IGD is currently unprofitable.

Growing Profit Margin: IGD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IGD is unprofitable, and losses have increased over the past 5 years at a rate of -1.8% per year.

Accelerating Growth: Unable to compare IGD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IGD is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.4%).


Return on Equity

High ROE: IGD has a negative Return on Equity (-2.07%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed

Financial Health

How is Voya Global Equity Dividend and Premium Opportunity Fund's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: IGD has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if IGD'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: IGD has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if IGD has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Financial Institutions Analysis

Asset Level: IGD's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if IGD has a sufficient allowance for bad loans.

Low Risk Liabilities: IGD reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if IGD has an acceptable proportion of non-loan assets held.

Low Risk Deposits: IGD has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if IGD has an appropriate level of bad loans.

Dividend

What is Voya Global Equity Dividend and Premium Opportunity Fund's current dividend yield, its reliability and sustainability?

7.64%

Current Dividend Yield


Dividend Yield vs Market

company7.6%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: IGD's dividend (7.64%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: IGD's dividend (7.64%) is in the top 25% of dividend payers in the US market (3.69%)


Stability and Growth of Payments

Stable Dividend: IGD's dividends per share have been stable in the past 10 years.

Growing Dividend: IGD's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: IGD 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.

Management

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

14.2yrs

Average management tenure


CEO

Shaun Mathews (63yo)

13.3yrs

Tenure

0

Mr. Shaun Patrick Mathews is a Senior Managing Director and Head of the Client Group at Voya Investment Management LLC. Mr. Mathews oversees all asset management sales and client services functions includi ...


Leadership Team

NamePositionTenureCompensationOwnership
Shaun Mathews
CEO, President13.3yrsno datano data
Willem van Dommelen
Portfolio Manager15.1yrsno datano data
Nicolas Simar
Portfolio Manager15.1yrsno datano data
Kris Hermie
Portfolio Manager0yrsno datano data
Edwin Cuppen
Portfolio Manager0yrsno datano data
Bruno Springael
Portfolio Manager9.1yrsno datano data

14.2yrs

Average Tenure

Experienced Management: IGD's management team is seasoned and experienced (14.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shaun Mathews
CEO, President13.3yrsno datano data
Patrick Kenny
Independent Trustee15yrsUS$3.06kno data
Sheryl Pressler
Independent Trustee14.1yrsUS$3.44kno data
J. Earley
Independent Trustee15yrsUS$3.02kno data
Russell Jones
0yrsUS$1.66kno data
Patricia Chadwick
Independent Trustee14.1yrsUS$3.09kno data
Peter Drotch
Independent Trustee12.3yrsUS$2.60kno data
John Boyer
Independent Trustee14.6yrsUS$3.10kno data
Joseph Obermeyer
0yrsUS$1.66kno data
Colleen Baldwin
Independent Trustee12.3yrsUS$3.07kno data

14.1yrs

Average Tenure

69yo

Average Age

Experienced Board: IGD's board of directors are seasoned and experienced ( 14.1 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.


Top Shareholders

Company Information

Voya Global Equity Dividend and Premium Opportunity Fund's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Voya Global Equity Dividend and Premium Opportunity Fund
  • 7337 East Doubletree Ranch Road
  • Suite 100
  • Scottsdale
  • Arizona
  • 85258-2034
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IGDNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 2005

Biography

Voya Global Equity Dividend and Premium Opportunity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and NNIP Advisors B.V. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies having a market capitalization of $1 billion or more. The fund also invests through call options on selected indices, individual securities, and/or exchange traded funds. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI World Index and the Chicago Board Options Exchange BuyWrite Monthly Index. It was formerly known as ING Global Equity Dividend and Premium Opportunity Fund. Voya Global Equity Dividend and Premium Opportunity Fund was formed on March 28, 2005 and is domiciled in the United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 23:54
End of Day Share Price2020/02/14 00:00
Earnings2019/08/31
Annual Earnings2019/02/28


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.