Source Capital Past Earnings Performance
Past criteria checks 2/6
Source Capital has been growing earnings at an average annual rate of 5%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 15.4% per year. Source Capital's return on equity is 14.9%, and it has net margins of 274.2%.
Key information
5.0%
Earnings growth rate
5.4%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 15.4% |
| Return on equity | 14.9% |
| Net Margin | 274.2% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
SOR: Robust CEF, Effective 60/40 Retirement Fund
Nov 27Source Capital scraps 2022 tender offer under discount management program
Jan 03SOR: The Best Performing 60/40 CEF, Now With A Discount
Dec 17Source Capital declares $0.185 dividend
Nov 15Source Capital declares $0.185 dividend
Aug 09Source Capital: 60/40 CEF That Works
May 04Source Capital declares $0.185 dividend
May 11Source Capital declares $0.083 dividend
Feb 02Source Capital declares $0.25 dividend and $0.64 special dividend
Nov 09Revenue & Expenses BreakdownBeta
How Source Capital makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 20 | 54 | 3 | 0 |
| 30 Sep 23 | 18 | 47 | 3 | 0 |
| 30 Jun 23 | 16 | 40 | 3 | 0 |
| 31 Mar 23 | 14 | 7 | 3 | 0 |
| 31 Dec 22 | 13 | -27 | 3 | 0 |
| 30 Sep 22 | 13 | -30 | 3 | 0 |
| 30 Jun 22 | 12 | -32 | 3 | 0 |
| 31 Mar 22 | 12 | 5 | 3 | 0 |
| 31 Dec 21 | 12 | 41 | 4 | 0 |
| 30 Sep 21 | 11 | 66 | 4 | 0 |
| 30 Jun 21 | 11 | 90 | 4 | 0 |
| 31 Mar 21 | 10 | 56 | 4 | 0 |
| 31 Dec 20 | 10 | 21 | 4 | 0 |
| 30 Sep 20 | 10 | 5 | 3 | 0 |
| 30 Jun 20 | 10 | -11 | 3 | 0 |
| 31 Mar 20 | 10 | 27 | 3 | 0 |
| 31 Dec 19 | 10 | 66 | 3 | 0 |
| 30 Sep 19 | 9 | 42 | 3 | 0 |
| 30 Jun 19 | 8 | 18 | 3 | 0 |
| 31 Mar 19 | 8 | -5 | 3 | 0 |
| 31 Dec 18 | 8 | -28 | 3 | 0 |
| 30 Sep 18 | 8 | -2 | 4 | 0 |
| 30 Jun 18 | 8 | 24 | 4 | 0 |
| 31 Mar 18 | 8 | 36 | 4 | 0 |
| 31 Dec 17 | 8 | 49 | 4 | 0 |
| 30 Sep 17 | 8 | 49 | 4 | 0 |
| 30 Jun 17 | 8 | 49 | 4 | 0 |
| 31 Mar 17 | 7 | 39 | 4 | 0 |
| 31 Dec 16 | 7 | 28 | 4 | 0 |
| 30 Sep 16 | 7 | -3 | 4 | 0 |
| 30 Jun 16 | 6 | -34 | 5 | 0 |
| 31 Mar 16 | 6 | -32 | 5 | 0 |
| 31 Dec 15 | 6 | -29 | 6 | 0 |
| 30 Sep 15 | 6 | 12 | 6 | 0 |
| 30 Jun 15 | 6 | 54 | 5 | 0 |
| 31 Mar 15 | 6 | 73 | 5 | 0 |
| 31 Dec 14 | 7 | 93 | 5 | 0 |
| 30 Sep 14 | 6 | 112 | 5 | 0 |
| 30 Jun 14 | 6 | 130 | 5 | 0 |
| 31 Mar 14 | 6 | 143 | 5 | 0 |
| 31 Dec 13 | 6 | 155 | 5 | 0 |
| 30 Sep 13 | 6 | 140 | 5 | 0 |
| 30 Jun 13 | 7 | 126 | 4 | 0 |
Quality Earnings: SOR has a large one-off gain of $37.5M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: SOR became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SOR has become profitable over the past 5 years, growing earnings by 5% 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 (3.3%).
Return on Equity
High ROE: SOR's Return on Equity (14.9%) is considered low.