NYSE:PPT

Stock Analysis Report

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Executive Summary

Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. More Details


Snowflake Analysis

Share Price & News

How has Putnam Premier Income Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

1.9%

PPT

1.5%

US Capital Markets

-0.4%

US Market


1 Year Return

-6.9%

PPT

45.4%

US Capital Markets

36.2%

US Market

Return vs Industry: PPT underperformed the US Capital Markets industry which returned 45.5% over the past year.

Return vs Market: PPT underperformed the US Market which returned 36.3% over the past year.


Shareholder returns

PPTIndustryMarket
7 Day1.9%1.5%-0.4%
30 Day3.9%3.3%-2.3%
90 Day3.4%14.5%5.0%
1 Year1.4%-6.9%49.0%45.4%39.1%36.2%
3 Year15.6%-8.3%35.9%25.9%48.4%39.0%
5 Year47.2%3.2%145.9%115.5%116.6%92.4%

Long-Term Price Volatility Vs. Market

How volatile is Putnam Premier Income Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Putnam Premier Income Trust undervalued compared to its fair value and its price relative to the market?

1.01x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PPT ($4.84) is trading above our estimate of fair value ($3.81)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: PPT is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (19x).

Future Growth

How is Putnam Premier Income Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.5%

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 Putnam Premier Income 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.

Past Performance

How has Putnam Premier Income Trust performed over the past 5 years?

17.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PPT is currently unprofitable.

Growing Profit Margin: PPT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PPT is unprofitable, but has reduced losses over the past 5 years at a rate of 17.5% per year.

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

Earnings vs Industry: PPT is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (10.4%).


Return on Equity

High ROE: PPT has a negative Return on Equity (-4.75%), as it is currently unprofitable.

Financial Health

How is Putnam Premier Income Trust's financial position?


Financial Position Analysis

Short Term Liabilities: PPT's short term assets ($145.4M) do not cover its short term liabilities ($504.2M).

Long Term Liabilities: PPT's short term assets ($145.4M) exceed its long term liabilities ($20.1M).


Debt to Equity History and Analysis

Debt Level: PPT's debt to equity ratio (5.3%) is considered satisfactory.

Reducing Debt: PPT's debt to equity ratio has increased from 1.1% to 5.3% over the past 5 years.

Debt Coverage: Insufficient data to determine if PPT's debt is well covered by operating cash flow.

Interest Coverage: PPT is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Dividend

What is Putnam Premier Income Trust current dividend yield, its reliability and sustainability?

6.45%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: PPT's dividend (6.45%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: PPT's dividend (6.45%) is in the top 25% of dividend payers in the US market (3.64%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: PPT 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?

14.0yrs

Average board tenure


CEO

Putnam Premier Income Trust has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Robert Reynolds
President and Interested Trustee12.5yrsno data0.00010%
$ 499.6
John Hill
Independent Trustee36.17yrsUS$6.56kno data
Jameson Baxter
Chairman10.17yrsUS$6.60kno data
Paul Joskow
Independent Trustee24.17yrsUS$4.86k0.00019%
$ 949.2
Robert Patterson
Independent Trustee37.17yrsUS$5.70k0.00078%
$ 3.9k
George Putnam
Independent Trustee37.17yrsUS$5.47k0.0024%
$ 12.1k
William Stephens
Independent Trustee11.83yrsUS$4.81kno data
Ravindranath Akhoury
Independent Trustee12.17yrsUS$3.63k0.00010%
$ 499.6
Barbara Baumann
Independent Trustee11.17yrsUS$3.63k0.00010%
$ 499.6
Charles Curtis
Independent Trustee20.17yrsUS$4.67kno data
Robert Darretta
Independent Trustee13.67yrsUS$3.63kno data
Kenneth Leibler
Independent Trustee14.42yrsUS$3.93k0.00010%
$ 499.6

14.0yrs

Average Tenure

73yo

Average Age

Experienced Board: PPT's board of directors are seasoned and experienced ( 14 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

Putnam Premier Income Trust's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Putnam Premier Income Trust
  • 100 Federal Street
  • Boston
  • Massachusetts
  • 2110
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PPTNYSE (New York Stock Exchange)YesCommon SharesUSUSDFeb 1988

Biography

Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the pub...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 23:33
End of Day Share Price2021/03/05 00:00
Earnings2020/07/31
Annual Earnings2020/07/31


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.