AMEX:CRF

Stock Analysis Report

Executive Summary

Cornerstone Total Return Fund, Inc. is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc.

Rewards


Snowflake Analysis

Share Price & News

How has Cornerstone Total Return Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-7.5%

CRF

-8.0%

US Capital Markets

-7.4%

US Market


1 Year Return

-14.6%

CRF

8.3%

US Capital Markets

10.5%

US Market

Return vs Industry: CRF underperformed the US Capital Markets industry which returned 8.3% over the past year.

Return vs Market: CRF underperformed the US Market which returned 10.5% over the past year.


Shareholder returns

CRFIndustryMarket
7 Day-7.5%-8.0%-7.4%
30 Day-6.6%-4.0%-3.6%
90 Day-4.9%-2.1%-0.6%
1 Year4.9%-14.6%10.4%8.3%12.8%10.5%
3 Year15.7%-35.4%27.5%20.4%37.4%28.6%
5 Year19.7%-55.7%70.2%54.4%61.3%43.6%

Price Volatility Vs. Market

How volatile is Cornerstone Total Return Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Cornerstone Total Return Fund undervalued compared to its fair value and its price relative to the market?

14.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CRF ($10.36) is trading above our estimate of fair value ($8.27)

Significantly Below Fair Value: CRF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CRF is good value based on its PE Ratio (14.4x) compared to the Capital Markets industry average (32.3x).

PE vs Market: CRF is good value based on its PE Ratio (14.4x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

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

Future Growth

How is Cornerstone Total Return Fund 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 Cornerstone Total Return 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 SimplyWall St do have past financial data.

Past Performance

How has Cornerstone Total Return Fund performed over the past 5 years?

11.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRF has a large one-off gain of $23.5M impacting its June 30 2019 financial results.

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


Past Earnings Growth Analysis

Earnings Trend: CRF's earnings have grown by 11.3% per year over the past 5 years.

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

Earnings vs Industry: CRF had negative earnings growth (-22.6%) over the past year, making it difficult to compare to the Capital Markets industry average (8.4%).


Return on Equity

High ROE: CRF's Return on Equity (6.7%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Cornerstone Total Return Fund'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: CRF has a low level of unsold assets or inventory.

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


Financial Institutions Analysis

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

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

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

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

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

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

Dividend

What is Cornerstone Total Return Fund's current dividend yield, its reliability and sustainability?

20.80%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Cornerstone Total Return Fund before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company20.8%marketbottom25%1.5%markettop25%3.9%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: CRF's dividend (20.8%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: CRF's dividend (20.8%) is in the top 25% of dividend payers in the US market (3.9%)


Stability and Growth of Payments

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

Growing Dividend: CRF's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (358.1%), CRF's dividend payments are not 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?

19.1yrs

Average board tenure


CEO

Cornerstone Total Return Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Glenn Wilcox
Independent Director19.1yrsUS$10.00kno data
Edwin Meese
Independent Director19.1yrsUS$10.00kno data
Andrew Strauss
Independent Director19.1yrsUS$10.00kno data
Scott Rogers
Independent Director19.1yrsUS$10.00kno data

19.1yrs

Average Tenure

77yo

Average Age

Experienced Board: CRF's board of directors are seasoned and experienced ( 19.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CRF insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 72.6%.


Top Shareholders

Company Information

Cornerstone Total Return Fund, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cornerstone Total Return Fund, Inc.
  • Ticker: CRF
  • Exchange: AMEX
  • Founded: 1973
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$426.536m
  • Shares outstanding: 39.06m
  • Website: https://www.cornerstonetotalreturnfund.com

Location

  • Cornerstone Total Return Fund, Inc.
  • 1075 Hendersonville Road
  • Suite 250
  • Asheville
  • North Carolina
  • 28803
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRFAMEX (NYSE MKT LLC)YesCommon StockUSUSDJun 1973

Biography

Cornerstone Total Return Fund, Inc. is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations. The fund also invests through other closed-end investment companies and ETFs. It benchmarks the performance of its portfolio against the S&P 500 Index. Cornerstone Total Return Fund, Inc. was formed on March 16, 1973 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 Analysis2020/02/26 00:16
End of Day Share Price2020/02/25 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.