Special Opportunities Fund Past Earnings Performance
Past criteria checks 2/6
Special Opportunities Fund has been growing earnings at an average annual rate of 3.2%, while the Capital Markets industry saw earnings growing at 10.1% annually. Revenues have been growing at an average rate of 17.4% per year. Special Opportunities Fund's return on equity is 12.5%, and it has net margins of 261.7%.
Key information
3.2%
Earnings growth rate
1.9%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 17.4% |
| Return on equity | 12.5% |
| Net Margin | 261.7% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
SPE: A Diversified Fund Trading At A Significant Discount
Apr 10SPE: Distribution Set To Increase In 2024
Dec 29SPE: The Ironic Special Discount, Greater Action Needed
Sep 12Special Opportunities Fund: Opportunistic Investing CEF With Multiple Levels Of Discounts
May 23Special Opportunities Fund dividend declines by 21.2% to $0.0867
Jan 04SPE: Distribution Set To Decline In 2023
Dec 23Special Opportunities Fund declares $0.11 dividend
Oct 05Special Opportunities Fund: Bulldog Investors Show Some Bite Over The Full Cycle
Jul 18Special Opportunities Fund declares $0.11 dividend
Jul 06SPE: Worth A Look At This Unique Fund
Apr 26Act Fast If You Want To Take Advantage Of SPE Tender Offer
Mar 30SPE: Activist Black-Box Fund With A 9% Yield
Feb 27SPE: Deep Discount, Attractive 8.3%+ Distribution And Appealing Portfolio
Aug 08SPE: Latest Announcement - Overall Fund Remains Attractive
Jun 17Special Opportunities Fund declares $0.094 dividend
Jan 05Special Opportunities Fund Adds Optionality To Income Portfolio
Nov 12Revenue & Expenses BreakdownBeta
How Special Opportunities Fund 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 | 10 | 25 | 3 | 0 |
| 30 Sep 23 | 9 | 19 | 3 | 0 |
| 30 Jun 23 | 8 | 12 | 3 | 0 |
| 31 Mar 23 | 8 | -7 | 3 | 0 |
| 31 Dec 22 | 7 | -26 | 3 | 0 |
| 30 Sep 22 | 6 | -21 | 3 | 0 |
| 30 Jun 22 | 5 | -16 | 3 | 0 |
| 31 Mar 22 | 5 | 12 | 3 | 0 |
| 31 Dec 21 | 4 | 40 | 3 | 0 |
| 30 Sep 21 | 5 | 50 | 3 | 0 |
| 30 Jun 21 | 6 | 61 | 3 | 0 |
| 31 Mar 21 | 5 | 35 | 3 | 0 |
| 31 Dec 20 | 5 | 10 | 2 | 0 |
| 30 Sep 20 | 5 | 0 | 3 | 0 |
| 30 Jun 20 | 6 | -11 | 3 | 0 |
| 31 Mar 20 | 5 | 8 | 3 | 0 |
| 31 Dec 19 | 5 | 27 | 3 | 0 |
| 30 Sep 19 | 4 | 15 | 3 | 0 |
| 30 Jun 19 | 3 | 3 | 3 | 0 |
| 31 Mar 19 | 3 | -5 | 3 | 0 |
| 31 Dec 18 | 3 | -12 | 3 | 0 |
| 30 Sep 18 | 4 | -1 | 3 | 0 |
| 30 Jun 18 | 6 | 10 | 3 | 0 |
| 31 Mar 18 | 6 | 15 | 3 | 0 |
| 31 Dec 17 | 6 | 21 | 3 | 0 |
| 30 Sep 17 | 7 | 19 | 3 | 0 |
| 30 Jun 17 | 8 | 16 | 3 | 0 |
| 31 Mar 17 | 8 | 13 | 3 | 0 |
| 31 Dec 16 | 8 | 10 | 3 | 0 |
| 30 Sep 16 | 7 | 3 | 3 | 0 |
| 30 Jun 16 | 7 | -4 | 2 | 0 |
| 31 Mar 16 | 7 | -6 | 3 | 0 |
| 31 Dec 15 | 7 | -7 | 3 | 0 |
| 30 Sep 15 | 7 | -1 | 3 | 0 |
| 30 Jun 15 | 7 | 6 | 3 | 0 |
| 31 Mar 15 | 6 | 9 | 2 | 0 |
| 31 Dec 14 | 5 | 12 | 2 | 0 |
| 30 Sep 14 | 5 | 19 | 2 | 0 |
| 30 Jun 14 | 6 | 25 | 2 | 0 |
| 31 Mar 14 | 8 | 26 | 2 | 0 |
| 31 Dec 13 | 10 | 26 | 2 | 0 |
| 30 Sep 13 | 9 | 23 | 2 | 0 |
| 30 Jun 13 | 9 | 19 | 2 | 0 |
Quality Earnings: SPE has a large one-off gain of $18.8M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: SPE became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SPE has become profitable over the past 5 years, growing earnings by 3.2% per year.
Accelerating Growth: SPE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SPE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-1.3%).
Return on Equity
High ROE: SPE's Return on Equity (12.5%) is considered low.