| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
SOR Stock Overview
Source Capital, Inc. is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$43.14 |
| 52 Week High | US$47.50 |
| 52 Week Low | US$39.95 |
| Beta | 0.77 |
| 1 Month Change | 2.81% |
| 3 Month Change | -6.17% |
| 1 Year Change | 5.32% |
| 3 Year Change | 24.29% |
| 5 Year Change | 18.52% |
| Change since IPO | 0.62% |
Recent News & Updates
Source Capital declares $0.185 dividend
Source Capital (SOR) declares $0.185/share monthly dividend, in line with previous.Forward yield 4.91%Payable June 30; for shareholders of record June 16; ex-div June 15.Payable July 30; for shareholders of record July 16; ex-div July 15.Payable Aug. 31; for shareholders of record Aug. 17; ex-div Aug. 16.See SOR Dividend Scorecard, Yield
Source Capital declares $0.083 dividend
Source Capital (SOR) declares $0.083/share monthly dividend, in line with previous.Forward yield 2.46%Payable Feb. 26; for shareholders of record Feb. 12; ex-div Feb. 11.See SOR Dividend Scorecard, Yield Chart, & Dividend Growth.
Source Capital declares $0.25 dividend and $0.64 special dividend
Source Capital (SOR) declares $0.25/share quarterly dividend, in line with previous.Forward yield 2.57%Additionally, declared Special Distribution of $0.64/share. The special year-end distribution was declared because the Company realized substantial capital gains during 2020.Payable Dec. 15; for shareholders of record Nov. 27; ex-div Nov. 25.See SOR Dividend Scorecard, Yield Chart, & Dividend Growth.
Shareholder Returns
| SOR | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -0.1% | -1.6% | -0.5% |
| 1Y | 5.3% | 30.2% | 13.7% |
Return vs Industry: SOR underperformed the US Capital Markets industry which returned 30.2% over the past year.
Return vs Market: SOR underperformed the US Market which returned 13.7% over the past year.
Price Volatility
| SOR volatility | |
|---|---|
| SOR Average Weekly Movement | 2.4% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
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.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1968 | n/a | n/a | https://www.fpafunds.com/sourcecapitalfund.asp |
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 of companies operating across diversified sectors.
Source Capital Fundamentals Summary
| SOR fundamental statistics | |
|---|---|
| Market Cap | US$362.61m |
| Earnings (TTM) | US$89.99m |
| Revenue (TTM) | US$10.59m |
4.0x
P/E Ratio34.3x
P/S RatioIs SOR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SOR income statement (TTM) | |
|---|---|
| Revenue | US$10.59m |
| Cost of Revenue | US$0 |
| Gross Profit | US$10.59m |
| Expenses | -US$79.40m |
| Earnings | US$89.99m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 16, 2022
| Earnings per share (EPS) | 10.71 |
| Gross Margin | 100.00% |
| Net Profit Margin | 850.10% |
| Debt/Equity Ratio | 0.0% |
How did SOR perform over the long term?
See historical performance and comparisonDividends
5.1%
Current Dividend Yield13%
Payout RatioDoes SOR pay a reliable dividends?
See SOR dividend history and benchmarks| Source Capital dividend dates | |
|---|---|
| Ex Dividend Date | Feb 15 2022 |
| Dividend Pay Date | Feb 28 2022 |
| Days until Ex dividend | 29 days |
| Days until Dividend pay date | 42 days |
Does SOR pay a reliable dividends?
See SOR dividend history and benchmarksValuation
Is Source Capital undervalued compared to its fair value and its price relative to the market?
4.03x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SOR ($43.14) is trading above our estimate of fair value ($30.77)
Significantly Below Fair Value: SOR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SOR is good value based on its PE Ratio (4x) compared to the US Capital Markets industry average (15.9x).
PE vs Market: SOR is good value based on its PE Ratio (4x) compared to the US market (17.4x).
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 (0.9x) compared to the US Capital Markets industry average (42.4x).
Future Growth
How is Source Capital forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
3.7%
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?
17.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOR has a large one-off gain of $83.4M impacting its June 30 2021 financial results.
Growing Profit Margin: SOR became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SOR has become profitable over the past 5 years, growing earnings by 17.4% per year.
Accelerating Growth: SOR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SOR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).
Return on Equity
High ROE: SOR's Return on Equity (22%) is considered high.
Financial Health
How is Source Capital's financial position?
Financial Position Analysis
Short Term Liabilities: SOR's short term assets ($35.0M) exceed its short term liabilities ($4.6M).
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?
5.15%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: SOR's dividend (5.15%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: SOR's dividend (5.15%) is in the top 25% of dividend payers in the US market (3.44%)
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: With its low payout ratio (13.1%), SOR's dividend payments are thoroughly 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?
9.7yrs
Average board tenure
CEO
Source Capital has no CEO, or we have no data on them.
Board Members
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 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
- Implied Market Cap: US$362.608m
- Shares outstanding: 8.41m
- Website: https://www.fpafunds.com/sourcecapitalfund.asp
Location
- Source Capital, Inc.
- 11601 Wilshire Boulevard
- Suite 1200
- Los Angeles
- California
- 90025
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:24 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.