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PGP

PIMCO Global StocksPLUS & Income FundNYSE:PGP Stock Report

Last Price

US$10.51

Market Cap

US$115.3m

7D

-2.1%

1Y

3.2%

Updated

21 Jan, 2022

Data

Company Financials
PGP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends3/6

PGP Stock Overview

PIMCO Global Stocksplus & Income Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC.

Price History & Performance

Summary of all time highs, changes and price drops for PIMCO Global StocksPLUS & Income Fund
Historical stock prices
Current Share PriceUS$10.51
52 Week HighUS$11.56
52 Week LowUS$9.60
Beta1.01
1 Month Change0.19%
3 Month Change-4.46%
1 Year Change3.24%
3 Year Change-23.73%
5 Year Change-40.86%
Change since IPO-57.98%

Recent News & Updates

Oct 11

PGP: Clearing Up Some Misconceptions About This Hybrid CEF

Hybrid CEFs have generated very strong returns over the past year due to a strong rally in both equities and fixed-income - the two asset class holdings of this sector. PGP has generated one of the highest returns in the sector in NAV terms, while seeing its premium trade at its lower historic range - driving interest in the fund. We take a look at some of the many misconceptions about the fund, which makes it difficult for investors to make an informed allocation decision. Our allocation takeaway is that PGP is less appealing for investors looking to maximize their allocation to income-producing assets or who want to keep portfolio volatility limited. However, it can be appealing to those investors looking to maximize broad market exposure, including both equities and credit securities.

Sep 14

PGP: Value Emerges From This Interesting PIMCO Fund

PGP is at a much better valuation than where it had been a couple of years ago. The distribution rate is attractive and, better yet, seems sustainable with a NAV distribution yield of 7.72%. From now on, PGP could deliver much better results than what shareholders would have received over the last 5 years.

Jun 19

PGP: Surprisingly, This Fund Still Offers Value

PGP was a notorious CEF from PIMCO, historically trading at a sky-high valuation until it crashed. After its valuation came back down to earth, the fund actually became a relatively good value. Since then, it has performed very well, and its NAV rise has contained its premium. With inflation picking up, PGP's limited duration is an attractive attribute.

Feb 04

PIMCO Global StocksPLUS&Income Fund declares $0.069 dividend

PIMCO Global StocksPLUS&Income Fund (PGP) declares $0.069/share monthly dividend, in line with previous.Forward yield 7.95%Payable March 1; for shareholders of record Feb. 11; ex-div Feb. 10.See PGP Dividend Scorecard, Yield Chart, & Dividend Growth.

Feb 01

PGP: I Still Have A Positive Outlook

Main Thesis The purpose of this article is to evaluate the PIMCO Global StocksPLUS & Income Fund (PGP) as an investment option at its current market price. PGP is a CEF I recommended, after years of taking a negative stance on it, back in November. In the interim, it has performed very well, generating a double-digit total return. Looking ahead, rather than locking in profit here, I believe further gains are possible. The fund's premium

Jan 04

PIMCO Global StocksPLUS&Income Fund declares $0.069 dividend

PIMCO Global StocksPLUS&Income Fund (PGP) declares $0.069/share monthly dividend, in line with previous.Forward yield 8.25%Payable Feb. 1; for shareholders of record Jan. 14; ex-div Jan. 13.See PGP Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

PGPUS Capital MarketsUS Market
7D-2.1%-5.5%-4.6%
1Y3.2%24.6%7.7%

Return vs Industry: PGP underperformed the US Capital Markets industry which returned 24.6% over the past year.

Return vs Market: PGP underperformed the US Market which returned 7.7% over the past year.

Price Volatility

Is PGP's price volatile compared to industry and market?
PGP volatility
PGP Average Weekly Movement2.0%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: PGP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: PGP's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/an/ahttps://investments.pimco.com/Products/pages/678.aspx

PIMCO Global Stocksplus & Income Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income and public equity markets across the globe.

PIMCO Global StocksPLUS & Income Fund Fundamentals Summary

How do PIMCO Global StocksPLUS & Income Fund's earnings and revenue compare to its market cap?
PGP fundamental statistics
Market CapUS$115.26m
Earnings (TTM)US$41.87m
Revenue (TTM)US$12.54m

2.8x

P/E Ratio

9.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PGP income statement (TTM)
RevenueUS$12.54m
Cost of RevenueUS$0
Gross ProfitUS$12.54m
Expenses-US$29.33m
EarningsUS$41.87m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.82
Gross Margin100.00%
Net Profit Margin333.93%
Debt/Equity Ratio49.4%

How did PGP perform over the long term?

See historical performance and comparison

Dividends

7.9%

Current Dividend Yield

22%

Payout Ratio

Valuation

Is PIMCO Global StocksPLUS & Income Fund undervalued compared to its fair value and its price relative to the market?

2.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PGP ($10.51) is trading above our estimate of fair value ($9.65)

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


Price To Earnings Ratio

PE vs Industry: PGP is good value based on its PE Ratio (2.8x) compared to the US Capital Markets industry average (15.2x).

PE vs Market: PGP is good value based on its PE Ratio (2.8x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PGP is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (37.6x).

Future Growth

How is PIMCO Global StocksPLUS & Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

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 PIMCO Global StocksPLUS & Income 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 PIMCO Global StocksPLUS & Income Fund performed over the past 5 years?

0.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PGP has a high level of non-cash earnings.

Growing Profit Margin: PGP became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PGP has become profitable over the past 5 years, growing earnings by 0.5% per year.

Accelerating Growth: PGP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PGP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (87.1%).


Return on Equity

High ROE: PGP's Return on Equity (36.2%) is considered high.

Financial Health

How is PIMCO Global StocksPLUS & Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: PGP's short term assets ($69.9M) do not cover its short term liabilities ($152.2M).

Long Term Liabilities: PGP's short term assets ($69.9M) exceed its long term liabilities ($8.8M).


Debt to Equity History and Analysis

Debt Level: PGP's net debt to equity ratio (47.9%) is considered high.

Reducing Debt: PGP's debt to equity ratio has reduced from 76.3% to 49.4% over the past 5 years.

Debt Coverage: PGP's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PGP's interest payments on its debt are well covered by EBIT (130.7x coverage).


Balance Sheet

Dividend

What is PIMCO Global StocksPLUS & Income Fund current dividend yield, its reliability and sustainability?

7.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PGP's dividend (7.88%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: PGP's dividend (7.88%) is in the top 25% of dividend payers in the US market (3.49%)


Stability and Growth of Payments

Stable Dividend: PGP's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.9%), PGP's dividend payments are 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.

Management

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

15.2yrs

Average board tenure


CEO

PIMCO Global StocksPLUS & Income Fund has no CEO, or we have no data on them.


Board Members

Experienced Board: PGP's board of directors are seasoned and experienced ( 15.2 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PIMCO Global StocksPLUS & Income Fund's employee growth, exchange listings and data sources


Key Information

  • Name: PIMCO Global StocksPLUS & Income Fund
  • Ticker: PGP
  • Exchange: NYSE
  • Founded: 2003
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$115.262m
  • Shares outstanding: 10.97m
  • Website: https://investments.pimco.com/Products/pages/678.aspx

Location

  • PIMCO Global StocksPLUS & Income Fund
  • 650 Newport Center Drive
  • Newport Beach
  • California
  • 92660
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 00:05
End of Day Share Price2022/01/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.