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Cornerstone Strategic Value Fund

AMEX:CLM
Snowflake Description

Flawless balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CLM
AMEX
$892M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Cornerstone Strategic Value Fund, Inc. is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
  • Cornerstone Strategic Value Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
CLM Share Price and Events
7 Day Returns
0%
AMEX:CLM
-0.2%
US Capital Markets
-0.1%
US Market
1 Year Returns
-20.9%
AMEX:CLM
-6.8%
US Capital Markets
7.6%
US Market
CLM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cornerstone Strategic Value Fund (CLM) 0% 0.6% 4.6% -20.9% -20.7% -51.8%
US Capital Markets -0.2% 7.5% 4.2% -6.8% 53.7% 71.5%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • CLM underperformed the Capital Markets industry which returned -6.8% over the past year.
  • CLM underperformed the Market in United States of America which returned 7.6% over the past year.

Value

 Is Cornerstone Strategic Value Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Cornerstone Strategic Value Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cornerstone Strategic Value Fund.

AMEX:CLM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $13.24 * 8.2%
$1.09
Book Value of Equity per Share Median Book Value from the past 5 years. $13.24
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:CLM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.727 (1 + (1- 21%) (0%))
1.094
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.094 * 5.96%)
9.25%

Discounted Cash Flow Calculation for AMEX:CLM using Excess Returns Model Model

The calculations below outline how an intrinsic value for Cornerstone Strategic Value Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AMEX:CLM Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.2% – 9.25%) * $13.24)
$-0.14
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.14 / (9.25% - 2.73%)
$-2.08
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $13.24 + $-2.08
$11.17
AMEX:CLM Discount to Share Price
Calculation Result
Value per share (USD) From above. $11.17
Current discount Discount to share price of $12.25
= -1 x ($12.25 - $11.17) / $11.17
-9.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Cornerstone Strategic Value Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cornerstone Strategic Value Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cornerstone Strategic Value Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:CLM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.80
AMEX:CLM Share Price ** AMEX (2019-04-23) in USD $12.25
United States of America Capital Markets Industry PE Ratio Median Figure of 87 Publicly-Listed Capital Markets Companies 30.49x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cornerstone Strategic Value Fund.

AMEX:CLM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:CLM Share Price ÷ EPS (both in USD)

= 12.25 ÷ -0.80

-15.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cornerstone Strategic Value Fund is loss making, we can't compare its value to the US Capital Markets industry average.
  • Cornerstone Strategic Value Fund is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Cornerstone Strategic Value Fund's expected growth come at a high price?
Raw Data
AMEX:CLM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -15.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 2.66x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Cornerstone Strategic Value Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cornerstone Strategic Value Fund's assets?
Raw Data
AMEX:CLM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $10.50
AMEX:CLM Share Price * AMEX (2019-04-23) in USD $12.25
United States of America Capital Markets Industry PB Ratio Median Figure of 169 Publicly-Listed Capital Markets Companies 7.74x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
AMEX:CLM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:CLM Share Price ÷ Book Value per Share (both in USD)

= 12.25 ÷ 10.50

1.17x

* Primary Listing of Cornerstone Strategic Value Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cornerstone Strategic Value Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Cornerstone Strategic Value Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Cornerstone Strategic Value Fund has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Cornerstone Strategic Value Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Cornerstone Strategic Value Fund 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cornerstone Strategic Value Fund expected to grow at an attractive rate?
  • Unable to compare Cornerstone Strategic Value Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Cornerstone Strategic Value Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Cornerstone Strategic Value Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:CLM Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:CLM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:CLM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 14 -58
2018-09-30 12 8
2018-06-30 10 75
2018-03-31 10 87
2017-12-31 11 99
2017-09-30 9 78
2017-06-30 8 56
2017-03-31 8 44
2016-12-31 9 31
2016-09-30 10 11
2016-06-30 11 -10
2016-03-31 8 -16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Cornerstone Strategic Value Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Cornerstone Strategic Value Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:CLM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Cornerstone Strategic Value Fund Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:CLM Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.80
2018-09-30 0.11
2018-06-30 1.67
2018-03-31 1.94
2017-12-31 2.25
2017-09-30 1.76
2017-06-30 1.94
2017-03-31 1.51
2016-12-31 1.10
2016-09-30 0.38
2016-06-30 -0.46
2016-03-31 -0.76

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Cornerstone Strategic Value Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cornerstone Strategic Value Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cornerstone Strategic Value Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Cornerstone Strategic Value Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cornerstone Strategic Value Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cornerstone Strategic Value Fund does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Cornerstone Strategic Value Fund's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cornerstone Strategic Value Fund's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Cornerstone Strategic Value Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cornerstone Strategic Value Fund Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:CLM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 14.03 -58.18 8.09
2018-09-30 12.19 8.16 7.29
2018-06-30 10.35 74.51 6.50
2018-03-31 10.43 86.78 5.95
2017-12-31 10.51 99.04 5.41
2017-09-30 9.12 77.59 4.90
2017-06-30 7.72 56.14 4.38
2017-03-31 8.45 43.81 4.15
2016-12-31 9.17 31.48 3.93
2016-09-30 9.84 10.77 3.95
2016-06-30 10.51 -9.93 3.98
2016-03-31 8.19 -16.39 3.57
2015-12-31 5.87 -22.85 3.15
2015-09-30 5.42 -8.95 2.70
2015-06-30 4.98 4.95 2.26
2015-03-31 4.95 12.22 2.30
2014-12-31 4.92 19.49 2.34
2014-09-30 4.73 24.73 2.09
2014-06-30 4.55 29.97 1.85
2014-03-31 3.95 25.74 1.66
2013-12-31 3.34 21.51 1.47
2013-09-30 3.13 16.47 1.41
2013-06-30 2.92 11.43 1.34
2013-03-31 2.88 11.55 1.29
2012-12-31 2.85 11.67 1.23
2012-09-30 2.76 8.56 1.15
2012-06-30 2.67 5.45 1.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Cornerstone Strategic Value Fund has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Cornerstone Strategic Value Fund has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Cornerstone Strategic Value Fund improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Cornerstone Strategic Value Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cornerstone Strategic Value Fund has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Cornerstone Strategic Value Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cornerstone Strategic Value Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cornerstone Strategic Value Fund is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cornerstone Strategic Value Fund has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cornerstone Strategic Value Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Cornerstone Strategic Value Fund has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cornerstone Strategic Value Fund Company Filings, last reported 3 months ago.

AMEX:CLM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 762.24 0.00 0.01
2018-09-30 762.24 0.00 0.01
2018-06-30 556.34 0.00
2018-03-31 556.34 0.00
2017-12-31 596.44 0.00 0.16
2017-09-30 596.44 0.00 0.16
2017-06-30 382.66 0.00 0.01
2017-03-31 382.66 0.00 0.01
2016-12-31 380.02 0.00 0.88
2016-09-30 380.02 0.00 0.88
2016-06-30 304.30 0.01
2016-03-31 304.30 0.01
2015-12-31 323.48 0.00 0.00
2015-09-30 323.48 0.00 0.00
2015-06-30 384.19 0.00
2015-03-31 384.19 0.00
2014-12-31 168.29 0.00
2014-09-30 168.29 0.00
2014-06-30 181.47 0.00 0.01
2014-03-31 181.47 0.00 0.01
2013-12-31 180.37 0.00
2013-09-30 180.37 0.00
2013-06-30 102.92 0.00
2013-03-31 102.92 0.00
2012-12-31 105.70 0.00 0.04
2012-09-30 105.70 0.00 0.04
2012-06-30 87.14 0.00 0.04
  • Cornerstone Strategic Value Fund has no debt.
  • Cornerstone Strategic Value Fund had no debt 5 years ago.
  • Cornerstone Strategic Value Fund has no debt, it does not need to be covered by operating cash flow.
  • Cornerstone Strategic Value Fund has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Cornerstone Strategic Value Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cornerstone Strategic Value Fund has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Cornerstone Strategic Value Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
21.64%
Current annual income from Cornerstone Strategic Value Fund dividends.
If you bought $2,000 of Cornerstone Strategic Value Fund shares you are expected to receive $433 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Cornerstone Strategic Value Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Cornerstone Strategic Value Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Upcoming dividend payment

Purchase Cornerstone Strategic Value Fund before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:CLM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:CLM Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-08 2.651 21.546
2018-11-09 2.744 23.258
2018-08-10 2.838 21.075
2018-05-11 2.826 19.588
2018-02-09 2.838 18.287
2017-11-10 2.838 18.392
2017-08-11 2.791 18.963
2017-02-10 2.791 17.573
2016-09-01 6.800 44.977
2016-03-02 4.416 27.756
2015-05-15 4.416 26.155
2015-02-13 4.416 20.354
2014-11-14 4.416 21.773
2014-08-08 4.603 20.557
2014-05-09 4.603 18.758
2014-02-07 4.603 17.848
2013-11-15 4.603 17.676
2013-08-09 4.906 16.931
2013-05-17 4.906 16.938
2013-02-08 4.906 17.393
2012-11-09 4.906 18.993
2012-08-03 5.323 18.015
2012-05-04 5.323 18.694
2012-02-10 5.323 17.403
2011-11-04 5.323 18.074
2011-08-12 6.134 16.734
2011-05-13 6.134 14.913
2011-02-11 6.134 14.642
2010-11-05 6.134 16.473
2010-08-13 6.710 15.321
2010-05-14 6.710 15.625
2010-02-16 6.710 14.825
2009-11-13 6.710 14.351
2009-08-14 8.381 16.897
2009-05-15 8.381 19.740
2009-04-24 8.381 22.053

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Cornerstone Strategic Value Fund's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Cornerstone Strategic Value Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cornerstone Strategic Value Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cornerstone Strategic Value Fund has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Cornerstone Strategic Value Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Cornerstone Strategic Value Fund has no CEO, or we have no data on them.
Management Team

Ralph Bradshaw

TITLE
Chairman and President
AGE
68

Gary Bentz

TITLE
Chief Compliance Officer
AGE
62

Frank Maresca

TITLE
Treasurer
AGE
60
Board of Directors Tenure

Average tenure and age of the Cornerstone Strategic Value Fund board of directors in years:

19.3
Average Tenure
67
Average Age
  • The average tenure for the Cornerstone Strategic Value Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ralph Bradshaw

TITLE
Chairman and President
AGE
68
TENURE
21.3 yrs

Glenn Wilcox

TITLE
Independent Director
COMPENSATION
$20K
AGE
87
TENURE
19.3 yrs

Andrew Strauss

TITLE
Independent Director
COMPENSATION
$20K
AGE
65
TENURE
19.3 yrs

Scott Rogers

TITLE
Independent Director
COMPENSATION
$20K
AGE
63
TENURE
19.3 yrs

Edwin Meese

TITLE
Independent Director
COMPENSATION
$20K
AGE
87
TENURE
19.3 yrs

Bob Dean

TITLE
Director
AGE
66
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
05. Nov 18 Buy Scott Rogers Individual 01. Nov 18 01. Nov 18 7,500 $12.43 $93,225
X
Management checks
We assess Cornerstone Strategic Value Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cornerstone Strategic Value Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Cornerstone Strategic Value Fund, Inc. is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies. It also invests through other closed-end investment companies and ETF's. Cornerstone Strategic Value Fund, Inc. was formed on May 1, 1987 and is domiciled in the United States.

Details
Name: Cornerstone Strategic Value Fund, Inc.
CLM
Exchange: AMEX
Founded: 1987
$891,956,555
72,812,780
Website: http://www.cornerstonestrategicvaluefund.com
Address: Cornerstone Strategic Value Fund, Inc.
1075 Hendersonville Road,
Suite 250,
Asheville,
North Carolina, 28803,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX CLM Common Stock NYSE MKT LLC US USD 23. Jun 1987
Number of employees
Current staff
Staff numbers
0
Cornerstone Strategic Value Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 23:51
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2019/03/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.