AMEX:ECF.PRA

Stock Analysis Report

Executive Summary

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc.

Rewards


Snowflake Analysis

Share Price & News

How has Ellsworth Growth and Income Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

9.1%

ECF.PRA

19.7%

US Capital Markets

12.5%

US Market


1 Year Return

0.6%

ECF.PRA

-13.2%

US Capital Markets

-12.7%

US Market

Return vs Industry: ECF.PRA exceeded the US Capital Markets industry which returned -11.3% over the past year.

Return vs Market: ECF.PRA exceeded the US Market which returned -11.9% over the past year.


Shareholder returns

ECF.PRAIndustryMarket
7 Day9.1%19.7%12.5%
30 Dayn/a-16.9%-14.7%
90 Day-3.4%-23.7%-21.5%
1 Year6.0%0.6%-11.5%-13.2%-10.9%-12.7%
3 Yearn/a6.8%0.7%12.6%5.4%
5 Yearn/a32.7%20.3%31.9%17.5%

Price Volatility Vs. Market

How volatile is Ellsworth Growth and Income Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ellsworth Growth and Income Fund undervalued compared to its fair value and its price relative to the market?

33.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ECF.PRA ($24.8) is trading below our estimate of fair value ($36.99)

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


Price To Earnings Ratio

PE vs Industry: ECF.PRA is good value based on its PE Ratio (10.1x) compared to the Capital Markets industry average (33.2x).

PE vs Market: ECF.PRA is good value based on its PE Ratio (10.1x) compared to the US market (13x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ECF.PRA is good value based on its PB Ratio (0.8x) compared to the US Capital Markets industry average (7.1x).

Future Growth

How is Ellsworth Growth and Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.9%

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 Ellsworth Growth and Income 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 Ellsworth Growth and Income Fund performed over the past 5 years?

21.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ECF.PRA has a large one-off gain of $10.2M impacting its September 30 2019 financial results.

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


Past Earnings Growth Analysis

Earnings Trend: ECF.PRA's earnings have grown significantly by 21.1% per year over the past 5 years.

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

Earnings vs Industry: ECF.PRA had negative earnings growth (-37.6%) over the past year, making it difficult to compare to the Capital Markets industry average (9.1%).


Return on Equity

High ROE: ECF.PRA's Return on Equity (7.1%) is considered low.

Financial Health

How is Ellsworth Growth and Income 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: ECF.PRA has a low level of unsold assets or inventory.

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


Financial Institutions Analysis

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

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

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

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

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

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

Dividend

What is Ellsworth Growth and Income Fund's current dividend yield, its reliability and sustainability?

5.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ECF.PRA's dividend (5.7%) is higher than the bottom 25% of dividend payers in the US market (1.98%).

High Dividend: ECF.PRA's dividend (5.7%) is in the top 25% of dividend payers in the US market (5.49%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.4%), ECF.PRA's dividend payments are 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?

18.2yrs

Average board tenure


CEO

Ellsworth Growth and Income Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Nicolas Platt
Independent Trustee23.17yrsUS$22.00k0.0053% $6.0k
Elizabeth Bogan
Independent Trustee34.17yrsUS$21.00k0.11% $123.4k
Daniel Harding
Independent Trustee13.17yrsUS$51.75k0.11% $126.7k
Kinchen Bizzell
Independent Trustee12.17yrsUS$20.50k0.062% $70.0k

18.2yrs

Average Tenure

66.5yo

Average Age

Experienced Board: ECF.PRA's board of directors are seasoned and experienced ( 18.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ellsworth Growth and Income Fund Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Ellsworth Growth and Income Fund Ltd.
  • One Corporate Center
  • Rye
  • New York
  • 10580-1422
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ECFAMEX (NYSE MKT LLC)YesCommon StockUSUSDJun 1986
ECF.PRAAMEX (NYSE MKT LLC)5.25% PFD SER AUSUSDSep 2017

Biography

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets. The fund primarily invests in convertible securities. It invests in stocks of companies across market capitalizations. The fund benchmarks the performance of its portfolio against the Bank of America Merrill Lynch All U.S. Convertibles Index, Barclays Balanced U.S. Convertibles Index, and S&P 500 Index. It was formerly known as Ellsworth Fund Ltd. Ellsworth Growth and Income Fund Ltd. was formed on June 27, 1986 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 Analysis2020/03/30 03:22
End of Day Share Price2020/03/27 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.