Source Capital
Market Cap
US$364.7m
Last Updated
2021/03/06 23:53 UTC
Data Sources
Company Financials
Executive Summary
Source Capital, Inc. is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. More Details
Snowflake Analysis
Share Price & News
How has Source Capital's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SOR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: SOR's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
2.8%
SOR
1.5%
US Capital Markets
-0.4%
US Market
1 Year Return
16.9%
SOR
45.4%
US Capital Markets
36.2%
US Market
Return vs Industry: SOR underperformed the US Capital Markets industry which returned 45.4% over the past year.
Return vs Market: SOR underperformed the US Market which returned 36.2% over the past year.
Shareholder returns
| SOR | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.8% | 1.5% | -0.4% |
| 30 Day | 4.1% | 3.3% | -2.3% |
| 90 Day | 6.6% | 14.5% | 5.0% |
| 1 Year | 21.7%16.9% | 49.0%45.4% | 39.1%36.2% |
| 3 Year | 23.3%2.6% | 35.9%25.9% | 48.4%39.0% |
| 5 Year | 63.8%-37.1% | 145.9%115.5% | 116.6%92.4% |
Long-Term Price Volatility Vs. Market
How volatile is Source Capital's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Source Capital undervalued compared to its fair value and its price relative to the market?
1.07x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: SOR ($43.02) is trading above our estimate of fair value ($37.09)
Significantly Below Fair Value: SOR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SOR is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.
PE vs Market: SOR 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 SOR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SOR is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (19.8x).
Future Growth
How is Source Capital 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 Source Capital 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 Source Capital performed over the past 5 years?
11.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOR is currently unprofitable.
Growing Profit Margin: SOR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SOR is unprofitable, but has reduced losses over the past 5 years at a rate of 11.2% per year.
Accelerating Growth: Unable to compare SOR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SOR is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (10.4%).
Return on Equity
High ROE: SOR has a negative Return on Equity (-3.15%), as it is currently unprofitable.
Financial Health
How is Source Capital's financial position?
Financial Position Analysis
Short Term Liabilities: SOR's short term assets ($58.2M) exceed its short term liabilities ($12.0M).
Long Term Liabilities: SOR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SOR is debt free.
Reducing Debt: SOR has not had any debt for past 5 years.
Debt Coverage: SOR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SOR has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Source Capital current dividend yield, its reliability and sustainability?
3.39%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: SOR's dividend (3.39%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: SOR's dividend (3.39%) is low compared to the top 25% of dividend payers in the US market (3.64%).
Stability and Growth of Payments
Stable Dividend: SOR's dividend payments have been volatile in the past 10 years.
Growing Dividend: SOR's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: SOR 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?
9.7yrs
Average board tenure
CEO
Source Capital has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 8.17yrs | no data | 0.012% $ 43.0k | |
| Chairman | no data | no data | no data | |
| Director | 8.08yrs | no data | 0.0089% $ 32.3k | |
| Director | 15.17yrs | US$32.00k | no data | |
| Director | 11.17yrs | no data | no data |
9.7yrs
Average Tenure
77yo
Average Age
Experienced Board: SOR's board of directors are considered experienced (9.7 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
Source Capital, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Source Capital, Inc.
- Ticker: SOR
- Exchange: NYSE
- Founded: 1968
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$364.658m
- Shares outstanding: 8.48m
- Website: https://www.fpafunds.com/sourcecapitalfund.asp
Location
- Source Capital, Inc.
- 11601 Wilshire Boulevard
- Suite 1200
- Los Angeles
- California
- 90025
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SOR | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1973 |
Biography
Source Capital, Inc. is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 23:53 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.