AMEX:GLU

Stock Analysis Report

Gabelli Global Utility & Income Trust

Executive Summary

The Gabelli Global Utility & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc.

Rewards


Snowflake Analysis

Share Price & News

How has Gabelli Global Utility & Income Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0.1%

GLU

1.9%

US Capital Markets

1.2%

US Market


1 Year Return

7.9%

GLU

19.2%

US Capital Markets

24.2%

US Market

Return vs Industry: GLU underperformed the US Capital Markets industry which returned 21.7% over the past year.

Return vs Market: GLU underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

GLUIndustryMarket
7 Day0.1%1.9%1.2%
30 Day2.5%3.9%3.5%
90 Day4.6%14.3%11.7%
1 Year15.2%7.9%21.6%19.2%26.9%24.2%
3 Year35.4%11.9%48.8%40.4%53.0%43.2%
5 Year39.3%0.4%95.9%77.7%75.3%56.0%

Price Volatility Vs. Market

How volatile is Gabelli Global Utility & Income Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Gabelli Global Utility & Income Trust undervalued compared to its fair value and its price relative to the market?

16.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GLU ($19.44) is trading above our estimate of fair value ($11.8)

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


Price To Earnings Ratio

PE vs Industry: GLU is good value based on its PE Ratio (16.7x) compared to the Capital Markets industry average (36.1x).

PE vs Market: GLU is good value based on its PE Ratio (16.7x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

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

Future Growth

How is Gabelli Global Utility & Income Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.8%

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 Gabelli Global Utility & Income Trust 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 Gabelli Global Utility & Income Trust performed over the past 5 years?

-12.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLU has a large one-off gain of $6.2M impacting its June 30 2019 financial results.

Growing Profit Margin: GLU's current net profit margins are higher than last year (23.7%).


Past Earnings Growth Analysis

Earnings Trend: GLU's earnings have declined by -12% per year over the past 5 years.

Accelerating Growth: GLU's earnings growth over the past year (598.2%) exceeds its 5-year average (-12% per year).

Earnings vs Industry: GLU earnings growth over the past year (598.2%) exceeded the Capital Markets industry 20.6%.


Return on Equity

High ROE: GLU's Return on Equity (5.1%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Gabelli Global Utility & Income Trust'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: GLU has a low level of unsold assets or inventory.

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


Financial Institutions Analysis

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

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

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

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

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

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

Dividend

What is Gabelli Global Utility & Income Trust's current dividend yield, its reliability and sustainability?

6.17%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Gabelli Global Utility & Income Trust before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company6.2%marketbottom25%1.4%markettop25%3.7%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: GLU's dividend (6.17%) is higher than the bottom 25% of dividend payers in the US market (1.4%).

High Dividend: GLU's dividend (6.17%) is in the top 25% of dividend payers in the US market (3.66%)


Stability and Growth of Payments

Stable Dividend: GLU's dividends per share have been stable in the past 10 years.

Growing Dividend: GLU's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (103.3%), GLU'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

What is the CEO of Gabelli Global Utility & Income Trust's salary, the management and board of directors tenure and is there insider trading?

16.0yrs

Average board tenure


CEO

Bruce Alpert (67yo)

0yrs

Tenure

0

Mr. Bruce N. Alpert, CPA, has been a Senior Vice President of GAMCO Investors Inc. since May 2008. Mr. Alpert is President at The Gabelli Dividend & Income Trust. Mr. Alpert served as Vice President and Ch ...


Board Age and Tenure

16.0yrs

Average Tenure

74yo

Average Age

Experienced Board: GLU's board of directors are seasoned and experienced ( 16 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$66,88910 Sep 19
James Conn
EntityIndividual
Role
Member of the Board of Directors
Independent Trustee
Shares3,731
Max PriceUS$17.93
SellUS$225,01609 Sep 19
James Conn
EntityIndividual
Role
Member of the Board of Directors
Independent Trustee
Shares12,489
Max PriceUS$18.02
SellUS$22,25830 Aug 19
James Conn
EntityIndividual
Role
Member of the Board of Directors
Independent Trustee
Shares1,240
Max PriceUS$17.95
SellUS$7,20027 Aug 19
James Conn
EntityIndividual
Role
Member of the Board of Directors
Independent Trustee
Shares400
Max PriceUS$18.00

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 30.6%.


Management Team

  • Mario Gabelli (76yo)

    Portfolio Manager

    • Bruce Alpert (67yo)

      Principal Exec. Officer & President

      • David Schachter (66yo)

        Vice President

        • Tenure: 19yrs
        • Compensation: US$75.00k
      • Rich Walz (60yo)

        Chief Compliance Officer

        • Agnes Mullady (60yo)

          President & Chief Operating Officer of the Open-End Fund Division & Vice President

          • Tenure: 14yrs
        • Adam Tokar (39yo)

          Vice President and Ombudsman

          • Compensation: US$95.00k
        • Andrea Mango (46yo)

          Secretary


          Board Members

          • Salvatore Zizza (74yo)

            Independent Trustee

            • Tenure: 16yrs
            • Compensation: US$9.50k
          • Bruce Alpert (67yo)

            Principal Exec. Officer & President

            • James Conn (81yo)

              Independent Trustee

              • Tenure: 16yrs
              • Compensation: US$9.00k
            • Salvatore Salibello (73yo)

              Interested Trustee

              • Tenure: 16yrs
              • Compensation: US$7.00k
            • Michael Melarkey (70yo)

              Independent Trustee

              • Tenure: 16yrs
              • Compensation: US$8.00k
            • Vincent Enright (75yo)

              Independent Trustee

              • Tenure: 16yrs
              • Compensation: US$13.50k
            • Anthony Colavita (84yo)

              Independent Trustee

              • Tenure: 16yrs
              • Compensation: US$8.50k

            Company Information

            The Gabelli Global Utility & Income Trust's company bio, employee growth, exchange listings and data sources


            Key Information


            Location

            • The Gabelli Global Utility & Income Trust
            • One Corporate Center
            • Rye
            • New York
            • 10580-1422
            • United States

            Listings

            TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
            GLUAMEX (NYSE MKT LLC)YesCommon SharesUSUSDMay 2004
            GLU.PRBAMEX (NYSE MKT LLC)7% CUM SER BUSUSDDec 2018

            Biography

            The Gabelli Global Utility & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It primarily invests in stocks of companies involved to a substantial extent in providing products, services, or equipment for the generation or distribution of electricity, gas, or water and infrastructure operations, and in equity securities including preferred securities of companies in other industries, in each case in such securities that are expected to pay periodic dividends. The fund also invests in income producing securities such as governments. It invests in stocks of companies across market capitalizations. The fund benchmarks the performance of its portfolio against the S&P 500 Utilities Index, Lipper Utility Fund Average, and S&P 500 Index. The Gabelli Global Utility & Income Trust was formed on May 28, 2004 and is based in United States. 


            Company Analysis and Financial Data Status

            All financial data provided by Standard & Poor's Capital IQ.
            DataLast Updated (UTC time)
            Company Analysis2020/01/21 00:02
            End of Day Share Price2020/01/17 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.