AMEX:GRF

Stock Analysis Report

Executive Summary

Eagle Capital Growth Fund, Inc. is a closed-end equity mutual fund launched and managed by Sims Capital Management LLC.

Rewards


Snowflake Analysis

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.0%

GRF

0.4%

US Capital Markets

0.06%

US Market


1 Year Return

6.9%

GRF

17.9%

US Capital Markets

19.3%

US Market

Return vs Industry: GRF underperformed the US Capital Markets industry which returned 17.9% over the past year.

Return vs Market: GRF underperformed the US Market which returned 19.3% over the past year.


Shareholder returns

GRFIndustryMarket
7 Day-1.0%0.4%0.06%
30 Day4.3%0.7%1.7%
90 Day4.9%6.9%9.0%
1 Year14.8%6.9%20.2%17.9%21.8%19.3%
3 Year36.0%10.5%40.2%32.4%49.5%39.9%
5 Year53.8%0.9%84.5%67.4%73.1%54.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Eagle Capital Growth Fund undervalued compared to its fair value and its price relative to the market?

32.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GRF ($8.09) is trading below our estimate of fair value ($11.98)

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


Price To Earnings Ratio

PE vs Industry: GRF is good value based on its PE Ratio (7x) compared to the Capital Markets industry average (35.3x).

PE vs Market: GRF is good value based on its PE Ratio (7x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GRF is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.8x).

Future Growth

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

8.5%

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 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 SimplyWall St do have past financial data.

Past Performance

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

-0.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GRF has a large one-off gain of $4.2M impacting its June 30 2019 financial results.

Growing Profit Margin: GRF's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: GRF's earnings have declined by -0.4% per year over the past 5 years.

Accelerating Growth: GRF's earnings growth over the past year (108.6%) exceeds its 5-year average (-0.4% per year).

Earnings vs Industry: GRF earnings growth over the past year (108.6%) exceeded the Capital Markets industry 8.4%.


Return on Equity

High ROE: GRF's Return on Equity (12.3%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Eagle Capital Growth 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: GRF has a low level of unsold assets or inventory.

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


Financial Institutions Analysis

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

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

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

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

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

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

Dividend

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

6.93%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GRF's dividend (6.93%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: GRF's dividend (6.93%) is in the top 25% of dividend payers in the US market (3.71%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (45.6%), GRF's dividend payments are 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?

15.1yrs

Average board tenure


CEO

Luke Sims (69yo)

Mr. Luke Edward Sims serves as the Chairman and Manager at Sims Capital Management, L.L.C and previously, served as President and Chief Compliance Officer at the firm. Previously, Mr. Sims was working at F ...


Board Members

NamePositionTenureCompensationOwnership
Luke Sims
Chief Executive Officer0yrsno data8.52% $2.7m
Phillip Hanrahan
Director12.1yrsUS$9.00k0.023% $7.3k
Neal Zalenko
Director12.1yrsUS$9.00k0.14% $44.2k
Peggy Schmeltz
Director31.1yrsUS$8.00k1.44% $453.2k
Carl Holth
Director31.1yrsUS$9.00k0.17% $53.2k
Robert Bilkie
Chairman0yrsUS$8.00k0.045% $14.3k
Donald Tyler
Director10.1yrsUS$8.00k0.15% $45.7k

15.1yrs

Average Tenure

73yo

Average Age

Experienced Board: GRF's board of directors are seasoned and experienced ( 15.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: GRF insiders have sold more shares than they have bought 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 4.4%.


Top Shareholders

Company Information

Eagle Capital Growth Fund, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eagle Capital Growth Fund, Inc.
  • Ticker: GRF
  • Exchange: AMEX
  • Founded: 1989
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$31.473m
  • Shares outstanding: 3.89m
  • Website: https://www.eaglecapitalgrowthfund.com

Location

  • Eagle Capital Growth Fund, Inc.
  • 225 East Mason Street
  • Suite 802
  • Milwaukee
  • Wisconsin
  • 53202-3657
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GRFAMEX (NYSE MKT LLC)YesCommon StockUSUSDJun 1992

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 01:15
End of Day Share Price2020/02/20 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.