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SOR

Source CapitalNYSE:SOR Stock Report

Last Price

US$43.14

Market Cap

US$362.6m

7D

-0.1%

1Y

5.3%

Updated

16 Jan, 2022

Data

Company Financials
SOR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends3/6

SOR Stock Overview

Source Capital, Inc. is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC.

Price History & Performance

Summary of all time highs, changes and price drops for Source Capital
Historical stock prices
Current Share PriceUS$43.14
52 Week HighUS$47.50
52 Week LowUS$39.95
Beta0.77
1 Month Change2.81%
3 Month Change-6.17%
1 Year Change5.32%
3 Year Change24.29%
5 Year Change18.52%
Change since IPO0.62%

Recent News & Updates

May 11

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

Feb 02

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.

Nov 09

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

SORUS Capital MarketsUS Market
7D-0.1%-1.6%-0.5%
1Y5.3%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

Is SOR's price volatile compared to industry and market?
SOR volatility
SOR Average Weekly Movement2.4%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
1968n/an/ahttps://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

How do Source Capital's earnings and revenue compare to its market cap?
SOR fundamental statistics
Market CapUS$362.61m
Earnings (TTM)US$89.99m
Revenue (TTM)US$10.59m

4.0x

P/E Ratio

34.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SOR income statement (TTM)
RevenueUS$10.59m
Cost of RevenueUS$0
Gross ProfitUS$10.59m
Expenses-US$79.40m
EarningsUS$89.99m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 16, 2022

Earnings per share (EPS)10.71
Gross Margin100.00%
Net Profit Margin850.10%
Debt/Equity Ratio0.0%

How did SOR perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

13%

Payout Ratio

Does SOR pay a reliable dividends?

See SOR dividend history and benchmarks
When do you need to buy SOR by to receive an upcoming dividend?
Source Capital dividend dates
Ex Dividend DateFeb 15 2022
Dividend Pay DateFeb 28 2022
Days until Ex dividend29 days
Days until Dividend pay date42 days

Does SOR pay a reliable dividends?

See SOR dividend history and benchmarks

Valuation

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

TodayJan 17 2022Ex Dividend DateFeb 15 2022Dividend Pay DateFeb 28 202213 days from Ex DividendBuy in the next 29 days to receive the upcoming dividend

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:24
End of Day Share Price2022/01/14 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.