AMEX:GLQ

Stock Analysis Report

Executive Summary

Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P.

Rewards


Snowflake Analysis

Share Price & News

How has Clough Global Equity Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0.2%

GLQ

1.1%

US Capital Markets

0.9%

US Market


1 Year Return

2.7%

GLQ

18.8%

US Capital Markets

20.0%

US Market

Return vs Industry: GLQ underperformed the US Capital Markets industry which returned 19% over the past year.

Return vs Market: GLQ underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

GLQIndustryMarket
7 Day0.2%1.1%0.9%
30 Day1.1%0.5%1.4%
90 Day7.5%8.0%8.8%
1 Year16.7%2.7%21.2%18.8%22.5%20.0%
3 Year50.0%7.2%40.1%32.2%49.9%40.3%
5 Year50.5%-13.6%83.5%66.4%73.2%54.1%

Price Volatility Vs. Market

How volatile is Clough Global Equity Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Clough Global Equity Fund undervalued compared to its fair value and its price relative to the market?

13.49x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GLQ ($12.85) is trading above our estimate of fair value ($12.15)

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


Price To Earnings Ratio

PE vs Industry: GLQ is good value based on its PE Ratio (13.5x) compared to the Capital Markets industry average (36x).

PE vs Market: GLQ is good value based on its PE Ratio (13.5x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GLQ is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (6.7x).

Future Growth

How is Clough Global Equity Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.4%

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 Clough Global Equity 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 Clough Global Equity Fund performed over the past 5 years?

34.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLQ has a large one-off gain of $11.7M impacting its October 31 2019 financial results.

Growing Profit Margin: GLQ's current net profit margins are higher than last year (87%).


Past Earnings Growth Analysis

Earnings Trend: GLQ's earnings have grown significantly by 34.4% per year over the past 5 years.

Accelerating Growth: GLQ's earnings growth over the past year (133.1%) exceeds its 5-year average (34.4% per year).

Earnings vs Industry: GLQ earnings growth over the past year (133.1%) exceeded the Capital Markets industry 8.4%.


Return on Equity

High ROE: GLQ's Return on Equity (7.4%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Clough Global Equity 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: GLQ has a low level of unsold assets or inventory.

Debt Coverage by Assets: GLQ's debt is not covered by short term assets (assets are 0.6x debt).


Financial Institutions Analysis

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

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

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

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

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

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

Dividend

What is Clough Global Equity Fund's current dividend yield, its reliability and sustainability?

10.37%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Clough Global Equity Fund before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company10.4%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: GLQ's dividend (10.37%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: GLQ's dividend (10.37%) is in the top 25% of dividend payers in the US market (3.69%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (140.7%), GLQ'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?

13.6yrs

Average board tenure


CEO

Ned Burke (58yo)

0

Mr. Edmund Joseph Burke, also known as Ned, served as Director and President of ALPS Advisors, Inc. Mr. Burke was a Chief Executive Officer and has been its President of ALPS Holdings, Inc. from 2000. He h ...


Board Members

NamePositionTenureCompensationOwnership
Edmund Burke
Chief Executive Officer0yrsno datano data
Jerry Rutledge
15.1yrsUS$20.00kno data
Richard Rantzow
Vice Chairman13.6yrsUS$22.00kno data
John Mee
15.1yrsUS$20.00kno data
Adam Crescenzi
15.1yrsUS$20.00kno data
Robert Butler
Chairman13.6yrsUS$24.00k0.028% $47.5k
Vincent Versaci
6.9yrsUS$20.00k0.0079% $13.5k

13.6yrs

Average Tenure

76yo

Average Age

Experienced Board: GLQ's board of directors are seasoned and experienced ( 13.6 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20%.


Top Shareholders

Company Information

Clough Global Equity Fund's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Clough Global Equity Fund
  • Ticker: GLQ
  • Exchange: AMEX
  • Founded: 2005
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$170.016m
  • Shares outstanding: 13.23m
  • Website: https://null

Location

  • Clough Global Equity Fund
  • One Post Office Square
  • 40th Floor
  • Boston
  • Massachusetts
  • 2109
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLQAMEX (NYSE MKT LLC)YesCommon SharesUSUSDApr 2005

Biography

Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental and quantitative analysis with a bottom up stock picking approach to create its portfolio, with focus on factors such as a company’s competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation. The fund follows a theme-based investment process which involves focusing on such events as industry consolidation, technological change, an emerging shortage of a product or raw material, and changes in government regulations. It benchmarks the performance of its portfolio against the S&P 500 Index. Clough Global Equity Fund was formed on January 25, 2005 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 Analysis2020/02/18 00:04
End of Day Share Price2020/02/14 00:00
Earnings2019/10/31
Annual Earnings2019/10/31


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.