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Eaton Vance

DB:EVCN
Snowflake Description

6 star dividend payer with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EVCN
DB
$4B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. The last earnings update was 26 days ago. More info.


Add to Portfolio Compare Print
  • Eaton Vance is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Eaton Vance has significant price volatility in the past 3 months.
EVCN Share Price and Events
7 Day Returns
2.2%
DB:EVCN
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-25.8%
DB:EVCN
-6.9%
DE Capital Markets
-17.2%
DE Market
EVCN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eaton Vance (EVCN) 2.2% -26.6% -34% -25.8% -33.3% -26.6%
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • EVCN underperformed the Capital Markets industry which returned -6.9% over the past year.
  • EVCN underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
EVCN
Industry
5yr Volatility vs Market

Value

 Is Eaton Vance 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 Eaton Vance 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 Eaton Vance.

DB:EVCN 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
= $9.65 * 27%
$2.61
Book Value of Equity per Share Median Book Value from the past 5 years. $9.65
Discount Rate (Cost of Equity) See below 4.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:EVCN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 21%) (28.07%))
0.946
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.946 * 5.44%)
4.76%

Discounted Cash Flow Calculation for DB:EVCN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Eaton Vance 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.

DB:EVCN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (27% – 4.76%) * $9.65)
$2.15
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.15 / (4.76% - -0.39%)
$41.72
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $9.65 + $41.72
$51.37
DB:EVCN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:EVCN represents 0.91059x of NYSE:EV
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91059x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 51.37 x 0.91059
€46.78
Value per share (EUR) From above. €46.78
Current discount Discount to share price of €27.60
= -1 x (€27.60 - €46.78) / €46.78
41%

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

Current Discount
Amount off the current price Eaton Vance is available for.
Intrinsic value
41%
Share price is €27.6 vs Future cash flow value of €46.78
Current Discount Checks
For Eaton Vance to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Eaton Vance's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Eaton Vance's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Eaton Vance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eaton Vance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EVCN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in USD $3.82
NYSE:EV Share Price ** NYSE (2020-04-01) in USD $30.31
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

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

** Primary Listing of Eaton Vance.

DB:EVCN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:EV Share Price ÷ EPS (both in USD)

= 30.31 ÷ 3.82

7.94x

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

  • Eaton Vance is good value based on earnings compared to the DE Capital Markets industry average.
  • Eaton Vance is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Eaton Vance's expected growth come at a high price?
Raw Data
DB:EVCN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
3.6%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:EVCN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.94x ÷ 3.6%

2.23x

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

  • Eaton Vance is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Eaton Vance's assets?
Raw Data
DB:EVCN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in USD $11.40
NYSE:EV Share Price * NYSE (2020-04-01) in USD $30.31
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:EVCN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:EV Share Price ÷ Book Value per Share (both in USD)

= 30.31 ÷ 11.40

2.66x

* Primary Listing of Eaton Vance.

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

  • Eaton Vance is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Eaton Vance'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. Eaton Vance has a total score of 4/6, 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 Eaton Vance expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

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
3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eaton Vance expected to grow at an attractive rate?
  • Eaton Vance's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Eaton Vance's earnings growth is positive but not above the Germany market average.
  • Eaton Vance's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EVCN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EVCN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 3.6%
DB:EVCN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 4.4%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:EVCN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EVCN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-10-31 2,043 467 1
2021-10-31 1,807 410 401 6
2020-10-31 1,773 423 393 6
2020-04-01
DB:EVCN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2020-01-31 1,729 495 417
2019-10-31 1,683 512 400
2019-07-31 1,690 275 396
2019-04-30 1,688 343 396
2019-01-31 1,679 453 391
2018-10-31 1,692 360 382
2018-07-31 1,667 219 359
2018-04-30 1,632 70 324
2018-01-31 1,594 54 299
2017-10-31 1,532 96 282
2017-07-31 1,470 163 265
2017-04-30 1,418 188 261

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eaton Vance's earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
  • Eaton Vance's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
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
DB:EVCN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Eaton Vance Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EVCN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-10-31 4.25 4.25 4.25 1.00
2021-10-31 3.51 3.92 2.88 7.00
2020-10-31 3.38 3.74 2.85 7.00
2020-04-01
DB:EVCN Past Financials Data
Date (Data in USD Millions) EPS *
2020-01-31 3.82
2019-10-31 3.63
2019-07-31 3.56
2019-04-30 3.51
2019-01-31 3.43
2018-10-31 3.33
2018-07-31 3.13
2018-04-30 2.86
2018-01-31 2.67
2017-10-31 2.54
2017-07-31 2.41
2017-04-30 2.38

*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 Eaton Vance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Eaton Vance'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Eaton Vance has a total score of 2/6, 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 Eaton Vance 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 Eaton Vance'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.
  • Eaton Vance's year on year earnings growth rate has been positive over the past 5 years.
  • Eaton Vance's 1-year earnings growth is less than its 5-year average (6.8% vs 13.2%)
  • Eaton Vance's earnings growth has exceeded the DE Capital Markets industry average in the past year (6.8% vs 3.2%).
Earnings and Revenue History
Eaton Vance'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 Eaton Vance Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EVCN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 1,729.39 417.22 116.57
2019-10-31 1,683.25 400.04 112.23
2019-07-31 1,690.13 396.32 184.59
2019-04-30 1,687.59 395.89 182.65
2019-01-31 1,678.60 390.68 121.54
2018-10-31 1,692.42 381.94 108.46
2018-07-31 1,667.30 358.54 146.33
2018-04-30 1,632.36 324.10 150.77
2018-01-31 1,594.29 299.48 153.35
2017-10-31 1,532.11 282.13 101.20
2017-07-31 1,470.18 265.10 122.61
2017-04-30 1,417.61 260.64 146.50
2017-01-31 1,366.26 244.26 140.09
2016-10-31 1,342.86 241.31 133.00
2016-07-31 1,337.47 237.45 125.81
2016-04-30 1,351.82 242.12 96.27
2016-01-31 1,380.19 255.71 97.53
2015-10-31 1,403.56 226.41 139.15
2015-07-31 1,430.49 243.40 98.65
2015-04-30 1,442.57 251.84 98.55
2015-01-31 1,444.96 255.69 98.97
2014-10-31 1,450.29 296.71 99.44
2014-07-31 1,438.85 274.80 100.61
2014-04-30 1,421.62 221.19 97.77
2014-01-31 1,399.25 209.75 94.13
2013-10-31 1,357.50 186.72 90.40
2013-07-31 1,310.46 182.09 83.78
2013-04-30 1,258.87 208.48 82.17

*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.
  • Eaton Vance has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Eaton Vance used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Eaton Vance's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Eaton Vance'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.
Eaton Vance has a total score of 4/6, 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 Eaton Vance'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 Eaton Vance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eaton Vance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eaton Vance's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Eaton Vance'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.
  • Debt is covered by short term assets, assets are 3.6x debt.
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 Eaton Vance Company Filings, last reported 2 months ago.

DB:EVCN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 1,581.11 674.14 824.81
2019-10-31 1,470.03 620.77 855.72
2019-07-31 1,475.57 621.10 777.86
2019-04-30 1,430.21 620.44 728.38
2019-01-31 1,395.33 620.46 690.69
2018-10-31 1,443.53 619.70 874.20
2018-07-31 1,415.15 619.58 1,424.17
2018-04-30 1,428.63 619.40 1,397.44
2018-01-31 1,404.60 619.23 1,344.86
2017-10-31 1,263.08 619.07 1,318.98
2017-07-31 1,091.12 618.82 1,111.84
2017-04-30 988.60 868.27 1,242.90
2017-01-31 893.24 571.95 848.65
2016-10-31 813.60 571.77 837.72
2016-07-31 714.31 573.93 755.77
2016-04-30 703.23 573.89 709.73
2016-01-31 677.60 573.85 696.28
2015-10-31 710.87 573.81 796.21
2015-07-31 731.81 573.83 754.03
2015-04-30 771.28 573.77 768.87
2015-01-31 711.20 574.08 663.20
2014-10-31 764.95 573.74 766.26
2014-07-31 769.21 573.62 744.57
2014-04-30 778.62 573.58 716.10
2014-01-31 796.94 573.54 655.06
2013-10-31 746.40 573.50 697.43
2013-07-31 751.29 573.46 686.84
2013-04-30 774.05 500.00 605.16
  • Eaton Vance's level of debt (42.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (80.6% vs 42.6% today).
  • Debt is well covered by operating cash flow (73.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.4x coverage).
X
Financial health checks
We assess Eaton Vance'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. Eaton Vance has a total score of 5/6, 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 Eaton Vance'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
4.95%
Current annual income from Eaton Vance dividends. Estimated to be 5.26% next year.
If you bought €2,000 of Eaton Vance shares you are expected to receive €99 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?
  • Eaton Vance's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Eaton Vance's dividend is above the markets top 25% of dividend payers in Germany (4.87%).
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
DB:EVCN 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 6 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:EVCN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-10-31 1.72 3.00
2021-10-31 1.62 8.00
2020-10-31 1.52 8.00
2020-04-01
DB:EVCN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-09 1.500 3.753
2019-10-10 1.500 3.214
2019-07-10 1.400 3.252
2019-04-10 1.400 3.422
2019-01-10 1.400 3.476
2018-10-11 1.400 3.511
2018-07-11 1.240 2.355
2018-04-11 1.240 2.261
2018-01-10 1.240 2.201
2017-10-12 1.240 2.308
2017-07-12 1.120 2.328
2017-04-12 1.120 2.444
2017-01-11 1.120 2.528
2016-10-13 1.120 2.822
2016-07-13 1.060 2.750
2016-04-13 1.060 3.000
2016-01-13 1.060 3.517
2015-10-15 1.060 3.097
2015-07-08 1.000 2.766
2015-06-09 1.000 2.501
2015-05-20 1.000 2.472
2015-01-14 1.000 2.398
2014-10-16 1.000 2.513
2014-07-09 0.880 2.369
2014-04-16 0.880 2.378
2014-01-15 0.880 2.329
2013-10-17 0.880 2.101
2013-07-15 0.800 2.017
2013-04-10 0.800 2.002
2012-12-04 0.800 2.211
2012-11-20 0.800 2.517
2012-07-10 0.760 2.726
2012-04-11 0.760 2.985
2012-01-11 0.760 2.757
2011-10-21 0.760 3.157
2011-07-13 0.720 3.022
2011-04-13 0.720 2.317
2011-01-12 0.720 2.268
2010-10-20 0.720 2.368
2010-07-07 0.640 2.211
2010-04-14 0.640 2.047
2010-01-15 0.640 2.032
2009-10-21 0.640 2.135
2009-07-08 0.620 2.210
2009-04-15 0.620 2.314

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Eaton Vance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Eaton Vance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Eaton Vance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eaton Vance has a total score of 6/6, 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 Eaton Vance'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
Thomas Faust
COMPENSATION $13,370,078
AGE 61
TENURE AS CEO 12.4 years
CEO Bio

Mr. Thomas E. Faust, Jr., CFA, also known as Tom, serves as a member of the Eaton Vance Fund Boards since 2007. He is Director and President of Eaton Vance, Inc., Chief Executive Officer and President of Eaton Vance and Boston Management and Research, and Director of Eaton Vance Distributors Inc. He serves as the Chief Executive Officer, President, and Chairman of Eaton Vance Management. He is Trustee and/or officer of 174 registered investment companies. He has been the Chief Executive Officer at Eaton Vance Corp. since November 1, 2007 and its President since January 17, 2006 and serves as Chairman since November 1, 2007 and Director since January 2002 and was previously the Chief Investment Officer since November 2001 until October 2007, Chief Equity Investment Officer and Head of the Equity Investment Group from 1995 to 2001, Executive Vice President since 2000 until January 2006, Vice President since 1987 until January 2000, Equity Research Analyst since 1985, Director of Equity Research and Management and Portfolio Manager. Mr. Faust joined Eaton Vance in 1985. He served as an Interim Chief Equity Investment Officer at Eaton Vance Management from October 31, 2013 to April 29, 2014. Prior to this, he was a Portfolio Manager at Parametric Portfolio Associates LLC and a Research Engineer at International Paper Company. Mr. Faust has been a Director of Hexavest Inc. since 2012 and SigFig Wealth Management LLC since 2016. He is a Member of the Board of Governors of the Investment Company Institute. He has been a Chartered Financial Analyst since 1988. Mr. Faust has earned an M.B.A. from Harvard Business School in 1985 and a B.S. degree in Economics and Mechanical Engineering from the Massachusetts Institute of Technology in 1981.

CEO Compensation
  • Thomas's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Thomas's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Eaton Vance management team in years:

5.7
Average Tenure
53
Average Age
  • The average tenure for the Eaton Vance management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Thomas Faust

TITLE
Chairman
COMPENSATION
$13M
AGE
61
TENURE
12.4 yrs

Laurie Hylton

TITLE
VP & CFO
COMPENSATION
$3M
AGE
53
TENURE
8.1 yrs

Fred Marius

TITLE
VP, Corporate Secretary & Chief Legal Officer
COMPENSATION
$2M
AGE
56
TENURE
11.8 yrs

Matt Witkos

TITLE
President of Eaton Vance Distributors Inc
COMPENSATION
$6M
AGE
53
TENURE
12.9 yrs

Julie Rozen

TITLE
VP & Chief Accounting Officer
AGE
46
TENURE
3.3 yrs

John Shea

TITLE
Chief Information Officer

Dan Cataldo

TITLE
VP & Chief Administrative Officer
AGE
58
TENURE
1.9 yrs

Eric Senay

TITLE
VP, Treasurer & Director of Investor Relations
TENURE
1.9 yrs

Rick Froio

TITLE
VP & Chief Compliance Officer
AGE
51
TENURE
2.5 yrs

Robyn Tice

TITLE
Director of Media Relations
Board of Directors

Thomas Faust

TITLE
Chairman
COMPENSATION
$13M
AGE
61

Winthrop Smith

TITLE
Independent Director
COMPENSATION
$277K
AGE
70

Ann Berman

TITLE
Independent Director
COMPENSATION
$284K
AGE
67
TENURE
14.3 yrs

Dorothy Puhy

TITLE
Independent Director
COMPENSATION
$275K
AGE
67

Lee Higdon

TITLE
Lead Independent Director
COMPENSATION
$303K
AGE
73

Rick Spillane

TITLE
Independent Director
COMPENSATION
$258K
AGE
68

Brian Langstraat

TITLE
Director
COMPENSATION
$10M
AGE
51

Paula Johnson

TITLE
Independent Director
COMPENSATION
$253K
AGE
59
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Eaton Vance individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Mar 20 Buy Winthrop Smith Individual 13. Mar 20 13. Mar 20 3,400 €27.50 €93,505
13. Mar 20 Buy Winthrop Smith Individual 12. Mar 20 12. Mar 20 3,500 €26.24 €91,851
09. Mar 20 Buy Winthrop Smith Individual 09. Mar 20 09. Mar 20 10,000 €31.15 €308,546
X
Management checks
We assess Eaton Vance'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. Eaton Vance 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

Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Further, the company operates as an adviser and distributor of investment companies and separate accounts. As of October 31, 2004, the company provided investment advisory or administration services to approximately 150 funds; approximately 1,300 separately managed individual and institutional accounts; and participated in approximately 40 retail-managed account broker/dealer programs. It markets and distributes shares of funds through a retail network of national and regional broker/dealers, banks, insurance companies, and financial planning firms. Eaton Vance Corp. was incorporated on January 29, 1981 and is headquartered in Boston, Massachusetts.

Details
Name: Eaton Vance Corp.
EVCN
Exchange: DB
Founded: 1981
$3,222,090,722
109,250,727
Website: http://www.eatonvance.com
Address: Eaton Vance Corp.
Two International Place,
Boston,
Massachusetts, 02110,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE EV Non-Voting Common Stock New York Stock Exchange US USD 02. Jan 1969
DB EVCN Non-Voting Common Stock Deutsche Boerse AG DE EUR 02. Jan 1969
BRSE EVCN Non-Voting Common Stock Berne Stock Exchange CH CHF 02. Jan 1969
Number of employees
Current staff
Staff numbers
1,871
Eaton Vance employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 22:31
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/06
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/10/31


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.