NYSE:TY

Stock Analysis Report

Executive Summary

Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC.

Rewards


Snowflake Analysis

Share Price & News

How has Tri-Continental's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TY has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.9%

TY

0.2%

US Capital Markets

0.06%

US Market


1 Year Return

9.8%

TY

17.8%

US Capital Markets

19.4%

US Market

Return vs Industry: TY underperformed the US Capital Markets industry which returned 17.8% over the past year.

Return vs Market: TY underperformed the US Market which returned 19.4% over the past year.


Shareholder returns

TYIndustryMarket
7 Day-0.9%0.2%0.06%
30 Day-0.1%0.2%1.1%
90 Day2.5%6.8%8.9%
1 Year17.8%9.8%20.2%17.8%21.9%19.4%
3 Year49.7%23.6%38.8%30.9%48.9%39.3%
5 Year71.6%30.3%81.4%64.5%71.9%53.1%

Price Volatility Vs. Market

How volatile is Tri-Continental's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Tri-Continental undervalued compared to its fair value and its price relative to the market?

33.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TY ($28.8) is trading below our estimate of fair value ($43.58)

Significantly Below Fair Value: TY is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TY is good value based on its PE Ratio (14.9x) compared to the Capital Markets industry average (36x).

PE vs Market: TY is good value based on its PE Ratio (14.9x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TY is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (6.6x).

Future Growth

How is Tri-Continental forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.5%

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 Tri-Continental 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 Tri-Continental performed over the past 5 years?

-4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TY has a large one-off gain of $48.1M impacting its June 30 2019 financial results.

Growing Profit Margin: TY's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: TY's earnings have declined by -4% per year over the past 5 years.

Accelerating Growth: TY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TY had negative earnings growth (-48.3%) over the past year, making it difficult to compare to the Capital Markets industry average (8.4%).


Return on Equity

High ROE: TY's Return on Equity (6.4%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Tri-Continental's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: TY has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TY's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: TY's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if TY has a sufficient allowance for bad loans.

Low Risk Liabilities: TY reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if TY has an acceptable proportion of non-loan assets held.

Low Risk Deposits: TY has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if TY has an appropriate level of bad loans.

Dividend

What is Tri-Continental's current dividend yield, its reliability and sustainability?

3.53%

Current Dividend Yield


Dividend Yield vs Market

company3.5%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: TY's dividend (3.53%) is higher than the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: TY's dividend (3.53%) is low compared to the top 25% of dividend payers in the US market (3.7%).


Stability and Growth of Payments

Stable Dividend: TY's dividend payments have been volatile in the past 10 years.

Growing Dividend: TY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.6%), TY's dividend payments are well 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?

11.3yrs

Average board tenure


CEO

Tri-Continental has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Alison Taunton-Rigby
Director11.3yrsno datano data
William Carmichael
Director6.1yrsno datano data
Leroy Richie
Independent Director20.1yrsUS$6.72kno data
Catherine Paglia
Director11.3yrsno datano data
Patricia Flynn
Director11.3yrsno datano data
William Hawkins
Director5yrsno datano data
Edward Boudreau
Chairman of the Board0yrsno datano data
Kathleen Blatz
Director11.3yrsno datano data
Pamela Carlton
Director11.3yrsno data0.0023% $36.5k

11.3yrs

Average Tenure

75yo

Average Age

Experienced Board: TY's board of directors are seasoned and experienced ( 11.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TY insiders have only sold shares 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

Tri-Continental Corporation's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Tri-Continental Corporation
  • 225 Franklin Street
  • Boston
  • Massachusetts
  • 2110
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TYNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1973

Biography

Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies. The fund benchmarks the performance of its portfolio against S&P 500 Index. Tri-Continental Corporation was formed in January 1929 and is domiciled in the United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 00:28
End of Day Share Price2020/02/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.