Panoramica dell'azienda
Ellsworth Growth and Income Fund Ltd. operates as a closed-ended equity mutual fund launched by GAMCO Investors, Inc., which is managed by Gabelli Funds, LLC to invest primarily in the public equity markets with a specific focus on convertible securities across various market capitalizations. The company functions within the Financial Services sector and the Asset Management industry, providing specialized investment vehicles that allow participants to access a diversified portfolio of public equities through a structured fund vehicle. The current market capitalization stands at $160.63M, while the annual revenue generated over the trailing twelve months amounts to $5.61M, and the employee count is listed as N/A in the available data. These valuation figures indicate that the entity maintains a relatively modest scale typical of specialized closed-end funds, where the market cap reflects the total outstanding shares rather than an open-market float, distinguishing it from large-cap mutual funds that may show significantly higher asset values under similar revenue constraints.
Salute finanziaria
The fund reported a trailing twelve-month revenue of $5.61M against a net income of $46.85M, creating a substantial discrepancy that reveals an exceptionally efficient cost structure where expenses are minimal relative to the income generated from investment activities. The available data lists free cash flow as N/A, which suggests that the fund's liquidity management focuses on cash holdings rather than traditional operational cash flow generation typical of commercial enterprises. The gross margin is recorded at 100.0%, indicating that the cost of goods sold is negligible for an asset management firm that primarily holds financial assets, while the operating margin of 65.2% demonstrates high operational efficiency in managing the fund's internal costs. Furthermore, the profit margin reaches 866.9%, a figure that underscores the leverage inherent in closed-end structures or the specific accounting treatment of the fund's income relative to its equity base. On the liability side, the company holds cash of $883,892 and reports zero debt, resulting in a debt-to-equity ratio of N/A due to the absence of total debt, which signifies a highly conservative balance sheet with no leverage risk. The current ratio stands at 1.41, indicating that the fund possesses sufficient current assets to cover its current liabilities, thereby ensuring strong short-term liquidity and the ability to meet obligations without difficulty. Additionally, the return on equity is 25.3% while the return on assets is 1.2%, revealing that management is highly effective at generating returns for shareholders relative to the equity invested, even though the return on assets is lower due to the specific financial structure of a closed-end fund.
Valutazione del valore
The trailing twelve-month P/E ratio is 3.28, whereas the forward P/E is listed as N/A, implying that earnings expectations are not currently being priced with a forward-looking multiple or that future earnings estimates are not available for this specific closed-end instrument. The price-to-book ratio is 0.90, which indicates that the fund is trading at a discount to its net asset value, suggesting the market values the underlying assets conservatively or anticipates potential dilution upon liquidation. The price-to-sales ratio is 28.61, and the EV/EBITDA is N/A, suggesting that sales-based metrics are more relevant for valuation in this asset management context where revenue figures are small compared to the equity value. The 52-week high is $12.65 and the 52-week low is $8.57, meaning the current trading price fluctuates within a range that reflects market sentiment shifts regarding the fund's specific convertible securities portfolio. The beta value is 1.05, indicating that the fund's price volatility is slightly higher than the broader market benchmark, suggesting it moves in tandem with general equity markets but with a marginally amplified sensitivity to market swings.
Growth & Income
The revenue growth year-over-year is -3.7%, while the earnings growth year-over-year is 270.4%, demonstrating that earnings are growing significantly faster than revenue, a dynamic often seen in funds where income distributions or realized gains outpace the growth in management fees or sales. As a closed-ended fund with a dividend yield of 6.5% and a payout ratio of 16.5%, the entity maintains a sustainable dividend profile where the payout is a small fraction of the generated earnings, allowing for capital appreciation or reserve accumulation despite the negative revenue growth. The low payout ratio relative to the high profit margin indicates that the fund retains the majority of its earnings, which can be reinvested or used to stabilize distributions, rather than following a high-payout model common in mature utility companies. Overall, the growth and income profile of Ellsworth Growth and Income Fund Ltd. is characterized by high earnings elasticity and a robust yield supported by a conservative balance sheet and minimal debt exposure.