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Eagle Capital Growth Fund

AMEX:GRF
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GRF
AMEX
$30M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Eagle Capital Growth Fund, Inc. is a closed-end equity mutual fund launched and managed by Sims Capital Management LLC. The last earnings update was 43 days ago. More info.


Add to Portfolio Compare Print
  • Eagle Capital Growth Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
GRF Share Price and Events
7 Day Returns
1.4%
AMEX:GRF
1.4%
US Capital Markets
0.4%
US Market
1 Year Returns
1.3%
AMEX:GRF
-7.1%
US Capital Markets
6.8%
US Market
GRF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eagle Capital Growth Fund (GRF) 1.4% 4.4% 6.6% 1.3% -0.6% 2.1%
US Capital Markets 1.4% 2.7% 7.1% -7.1% 57.6% 68.7%
US Market 0.4% 2.6% 11% 6.8% 38.1% 45.7%
1 Year Return vs Industry and Market
  • GRF outperformed the Capital Markets industry which returned -7.1% over the past year.
  • GRF underperformed the Market in United States of America which returned 6.8% over the past year.

Value

 Is Eagle Capital Growth Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Eagle Capital Growth Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Eagle Capital Growth Fund.

AMEX:GRF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $8.80 * 8.2%
$0.72
Book Value of Equity per Share Median Book Value from the past 5 years. $8.80
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:GRF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 21%) (0%))
1.093
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.093 * 5.96%)
9.25%

Discounted Cash Flow Calculation for AMEX:GRF using Excess Returns Model Model

The calculations below outline how an intrinsic value for Eagle Capital Growth Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AMEX:GRF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.2% – 9.25%) * $8.80)
$-0.09
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.09 / (9.25% - 2.73%)
$-1.44
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $8.80 + $-1.44
$7.36
AMEX:GRF Discount to Share Price
Calculation Result
Value per share (USD) From above. $7.36
Current discount Discount to share price of $7.80
= -1 x ($7.80 - $7.36) / $7.36
-6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Eagle Capital Growth Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Eagle Capital Growth Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eagle Capital Growth Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:GRF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.41
AMEX:GRF Share Price ** AMEX (2019-04-16) in USD $7.8
United States of America Capital Markets Industry PE Ratio Median Figure of 88 Publicly-Listed Capital Markets Companies 29.98x
United States of America Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 18.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Eagle Capital Growth Fund.

AMEX:GRF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:GRF Share Price ÷ EPS (both in USD)

= 7.8 ÷ -0.41

-19.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eagle Capital Growth Fund is loss making, we can't compare its value to the US Capital Markets industry average.
  • Eagle Capital Growth Fund is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Eagle Capital Growth Fund's expected growth come at a high price?
Raw Data
AMEX:GRF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -19.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 2.1x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Eagle Capital Growth Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Eagle Capital Growth Fund's assets?
Raw Data
AMEX:GRF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $8.15
AMEX:GRF Share Price * AMEX (2019-04-16) in USD $7.8
United States of America Capital Markets Industry PB Ratio Median Figure of 167 Publicly-Listed Capital Markets Companies 6.4x
United States of America Market PB Ratio Median Figure of 5,176 Publicly-Listed Companies 1.91x
AMEX:GRF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:GRF Share Price ÷ Book Value per Share (both in USD)

= 7.8 ÷ 8.15

0.96x

* Primary Listing of Eagle Capital Growth Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eagle Capital Growth Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Eagle Capital Growth Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Eagle Capital Growth Fund has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Eagle Capital Growth Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Eagle Capital Growth 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.5%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eagle Capital Growth Fund expected to grow at an attractive rate?
  • Unable to compare Eagle Capital Growth Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Eagle Capital Growth Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Eagle Capital Growth Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:GRF Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.5%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:GRF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:GRF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1 -2
2018-09-30 1 0
2018-06-30 1 2
2018-03-31 1 4
2017-12-31 0 5
2017-09-30 0 4
2017-06-30 0 4
2017-03-31 0 3
2016-12-31 0 3
2016-09-30 0 3
2016-06-30 1 2
2016-03-31 1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Eagle Capital Growth Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Eagle Capital Growth Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:GRF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Eagle Capital Growth Fund Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:GRF Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.41
2018-09-30 0.07
2018-06-30 0.58
2018-03-31 0.98
2017-12-31 1.38
2017-09-30 1.18
2017-06-30 1.01
2017-03-31 0.96
2016-12-31 0.91
2016-09-30 0.72
2016-06-30 0.58
2016-03-31 0.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Eagle Capital Growth Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Eagle Capital Growth Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Eagle Capital Growth Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Eagle Capital Growth Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Eagle Capital Growth Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Eagle Capital Growth Fund does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Eagle Capital Growth Fund's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Eagle Capital Growth Fund's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Eagle Capital Growth Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Eagle Capital Growth Fund Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:GRF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.81 -1.59 0.45
2018-09-30 0.75 0.29 0.45
2018-06-30 0.68 2.17 0.45
2018-03-31 0.56 3.66 0.44
2017-12-31 0.43 5.16 0.43
2017-09-30 0.40 4.38 0.42
2017-06-30 0.36 3.61 0.42
2017-03-31 0.41 3.44 0.41
2016-12-31 0.46 3.27 0.41
2016-09-30 0.48 2.58 0.40
2016-06-30 0.51 1.89 0.40
2016-03-31 0.51 1.07 0.40
2015-12-31 0.52 0.25 0.40
2015-09-30 0.50 0.90 0.40
2015-06-30 0.48 1.54 0.40
2015-03-31 0.47 1.83 0.39
2014-12-31 0.46 2.11 0.38
2014-09-30 0.49 3.20 0.38
2014-06-30 0.53 4.28 0.38
2014-03-31 0.49 5.42 0.38
2013-12-31 0.46 6.56 0.37
2013-09-30 0.46 5.29 0.36
2013-06-30 0.47 4.02 0.36
2013-03-31 0.50 3.35 0.35
2012-12-31 0.54 2.68 0.34
2012-09-30 0.55 1.55 0.34
2012-06-30 0.55 0.43 0.33

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Eagle Capital Growth Fund has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Eagle Capital Growth Fund has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Eagle Capital Growth Fund improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Eagle Capital Growth Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Eagle Capital Growth Fund has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Eagle Capital Growth Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Eagle Capital Growth Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eagle Capital Growth Fund is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eagle Capital Growth Fund has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Eagle Capital Growth Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Eagle Capital Growth Fund has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Eagle Capital Growth Fund Company Filings, last reported 3 months ago.

AMEX:GRF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 31.71 0.00
2018-09-30 31.71 0.00
2018-06-30 33.00 0.00
2018-03-31 33.00 0.00
2017-12-31 34.06 0.00
2017-09-30 34.06 0.00
2017-06-30 31.57 0.00
2017-03-31 31.57 0.00
2016-12-31 29.64 0.00
2016-09-30 29.64 0.00
2016-06-30 29.38 0.00
2016-03-31 29.38 0.00
2015-12-31 27.79 0.00
2015-09-30 27.79 0.00
2015-06-30 28.06 0.00
2015-03-31 28.06 0.00
2014-12-31 28.11 0.00
2014-09-30 28.11 0.00
2014-06-30 27.67 0.00
2014-03-31 27.67 0.00
2013-12-31 27.16 0.00
2013-09-30 27.16 0.00
2013-06-30 26.57 0.00
2013-03-31 26.57 0.00
2012-12-31 23.80 0.00
2012-09-30 23.80 0.00
2012-06-30 23.68 0.00 5.05
  • Eagle Capital Growth Fund has no debt.
  • Eagle Capital Growth Fund has not taken on any debt in the past 5 years.
  • Eagle Capital Growth Fund has no debt, it does not need to be covered by operating cash flow.
  • Eagle Capital Growth Fund has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Eagle Capital Growth Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Eagle Capital Growth Fund has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Eagle Capital Growth Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.79%
Current annual income from Eagle Capital Growth Fund dividends.
If you bought $2,000 of Eagle Capital Growth Fund shares you are expected to receive $136 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Eagle Capital Growth Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Eagle Capital Growth Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:GRF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:GRF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-07 0.530 7.136
2017-11-06 0.510 6.564
2016-11-07 1.190 15.488
2015-11-09 0.500 6.406
2014-12-01 0.370 4.632
2013-12-02 1.020 12.920
2013-02-28 0.360 4.594
2011-12-05 1.050 15.615
2010-12-02 0.280 4.095
2009-11-30 0.050 0.816
2009-04-22 0.351 6.773

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Eagle Capital Growth Fund's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Eagle Capital Growth Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Eagle Capital Growth Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eagle Capital Growth Fund has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Eagle Capital Growth Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Luke Sims
COMPENSATION $0
AGE 68
CEO Bio

Mr. Luke Edward Sims serves as the Chairman of the Board and Manager at Sims Capital Management, L.L.C. Previously, Mr. Sims was working at Foley & Lardner LLP. Mr. Sims serves as the Chief Executive Officer and President of Eagle Capital Growth Fund, Inc. Mr. Sims retired in 2010 after spending 34 years at the firm. He was a Partner of the Eagle Capital Growth Fund since 1984 and also served as its Attorney since 1976. Mr. Sims’s specialties included securities law, mergers and acquisitions (including leveraged buyouts), private equity and corporate law generally. From 1997 through 2004, he headed the national transactional and securities practice group, which covers securities laws, mergers and acquisitions, tender offers, takeover defense and corporate law generally. He has been a Director of Eagle Capital Growth Fund, Inc. since 2002. Mr. Sims serves as a Director of Wilson-Hurd Mfg. Co. and Notre Dame Middle School Inc. He is also a Director of a privately held company. Mr. Sims served as an Independent Director of Lacrosse Footwear Inc. from December 1985 to October 28, 2009. He was regularly included in The Best Lawyers in America in the fields of corporate law, leveraged buyouts and private equity law, mergers and acquisitions and securities law and in Chambers USA: America’s Leading Business Lawyers. While at Georgetown Law School, Mr. Sims was active with the Georgetown Law Journal as a staff member, author, editor and a Member of the Executive Board. He received his undergraduate (1972) and legal education (1976) at Georgetown University.

CEO Compensation
  • Insufficient data for Luke to compare compensation growth.
  • Insufficient data for Luke to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Luke Sims

TITLE
Chief Executive Officer
AGE
68

David Sims

TITLE
Chief Financial Officer
AGE
36
TENURE
12.3 yrs
Board of Directors Tenure

Average tenure and age of the Eagle Capital Growth Fund board of directors in years:

14.3
Average Tenure
72
Average Age
  • The average tenure for the Eagle Capital Growth Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Bob Bilkie

TITLE
Chairman
COMPENSATION
$8K
AGE
57

Luke Sims

TITLE
Chief Executive Officer
AGE
68
TENURE
17.3 yrs

Neal Zalenko

TITLE
Director
COMPENSATION
$9K
AGE
72
TENURE
11.3 yrs

Peggy Schmeltz

TITLE
Director
COMPENSATION
$8K
AGE
90
TENURE
30.3 yrs

Carl Holth

TITLE
Director
COMPENSATION
$9K
AGE
85
TENURE
30.3 yrs

Phillip Hanrahan

TITLE
Director
COMPENSATION
$9K
AGE
78
TENURE
11.3 yrs

Donald Tyler

TITLE
Director
COMPENSATION
$8K
AGE
65
TENURE
9.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
16. Nov 18 Sell Peggy Schmeltz Individual 23. Jul 18 30. Aug 18 -500 $7.92 $-3,949
16. Nov 18 Sell Peggy Schmeltz Individual 11. Jul 18 30. Jul 18 -302 $8.07 $-2,437
12. Oct 18 Sell Luke Sims Individual 11. Oct 18 11. Oct 18 -2,713 $7.45 $-20,212
12. Oct 18 Buy David Sims Individual 10. Oct 18 11. Oct 18 8,417 $7.60 $63,677
11. Jul 18 Sell Luke Sims Individual 09. Jul 18 09. Jul 18 -5,000 $7.97 $-39,856
X
Management checks
We assess Eagle Capital Growth Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Eagle Capital Growth Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Eagle Capital Growth Fund, Inc. is a closed-end equity mutual fund launched and managed by Sims Capital Management LLC. The fund invests in the public equity markets of the United States. It makes its investments in the stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P 500 Index. It was previously known as NAIC Growth Fund, Inc. Eagle Capital Growth Fund, Inc. was formed on April 11, 1989 and is domiciled in the United States.

Details
Name: Eagle Capital Growth Fund, Inc.
GRF
Exchange: AMEX
Founded: 1989
$30,363,114
3,892,707
Website: http://www.eaglecapitalgrowthfund.com
Address: Eagle Capital Growth Fund, Inc.
225 East Mason Street,
Suite 802,
Milwaukee,
Wisconsin, 53202-3657,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX GRF Common Stock NYSE MKT LLC US USD 15. Jun 1992
Number of employees
Current staff
Staff numbers
0
Eagle Capital Growth Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 00:23
End of day share price update: 2019/04/16 00:00
Last earnings filing: 2019/03/05
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.