AMEX:GLQ

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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


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

-2.6%

GLQ

-1.0%

US Capital Markets

-2.4%

US Market


1 Year Return

3.1%

GLQ

9.7%

US Capital Markets

18.2%

US Market

Return vs Industry: GLQ underperformed the US Capital Markets industry which returned 11.3% over the past year.

Return vs Market: GLQ underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

GLQIndustryMarket
7 Day-2.6%-1.0%-2.4%
30 Day3.2%3.9%4.2%
90 Day1.9%1.3%6.3%
1 Year16.4%3.1%12.5%9.7%20.9%18.2%
3 Year24.0%-13.3%21.2%11.8%41.2%31.8%
5 Year63.8%-8.1%72.5%50.6%84.8%63.9%

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?

1.06x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: GLQ ($11.79) is trading above our estimate of fair value ($11.42)

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


Price To Earnings Ratio

PE vs Industry: GLQ is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.

PE vs Market: GLQ is unprofitable, so we can't compare its PE Ratio to the US market.


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 (1.1x) compared to the US Capital Markets industry average (4.5x).

Future Growth

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

12.1%

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?

20.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLQ is currently unprofitable.

Growing Profit Margin: GLQ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GLQ is unprofitable, but has reduced losses over the past 5 years at a rate of 20.2% per year.

Accelerating Growth: Unable to compare GLQ's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GLQ is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (11.9%).


Return on Equity

High ROE: GLQ has a negative Return on Equity (-9.15%), as it is currently unprofitable.

Financial Health

How is Clough Global Equity Fund's financial position?


Financial Position Analysis

Short Term Liabilities: GLQ's short term assets ($59.6M) exceed its short term liabilities ($57.8M).

Long Term Liabilities: GLQ's short term assets ($59.6M) do not cover its long term liabilities ($87.6M).


Debt to Equity History and Analysis

Debt Level: GLQ's debt to equity ratio (59.2%) is considered high.

Reducing Debt: GLQ's debt to equity ratio has increased from 55.7% to 59.2% over the past 5 years.

Debt Coverage: GLQ's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: GLQ is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Dividend

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

11.24%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: GLQ's dividend (11.24%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: GLQ's dividend (11.24%) is in the top 25% of dividend payers in the US market (4.66%)


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: GLQ is paying a dividend but the company is unprofitable.


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?

14.3yrs

Average board tenure


CEO

Ned Burke (59 yo)

no data

Tenure

Mr. Edmund Joseph Burke, also known as Ned, has been the Chief Executive Officer of ALPS Funds Services, Inc. since 2005. He has served as Director of Alliance Bioenergy Plus, Inc. since September 2020. He ...


Board Members

NamePositionTenureCompensationOwnership
Edmund Burke
Chief Executive Officerno datano datano data
Jerry Rutledge
15.75yrsUS$20.00kno data
Richard Rantzow
Vice Chairman14.25yrsUS$22.00kno data
John Mee
15.75yrsUS$20.00kno data
Adam Crescenzi
15.75yrsUS$20.00kno data
Robert Butler
Chairman14.25yrsUS$24.00k0.028%
$ 43.6k
Vincent Versaci
7.58yrsUS$20.00k0.0079%
$ 12.4k

14.3yrs

Average Tenure

77yo

Average Age

Experienced Board: GLQ's board of directors are seasoned and experienced ( 14.3 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 19.7%.


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$155.991m
  • Shares outstanding: 13.23m

Location

  • Clough Global Equity Fund
  • 53 State Street
  • 27th 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 00:21
End of Day Share Price2020/10/19 00:00
Earnings2020/04/30
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.