Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Herzfeld Caribbean Basin Fund

Nasdaq:CUBA
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CUBA
Nasdaq
$21M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

The Herzfeld Caribbean Basin Fund Inc. is a closed-ended equity mutual fund launched by Thomas J. The last earnings update was 26 days ago. More info.


Add to Portfolio Compare Print
  • Herzfeld Caribbean Basin Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Herzfeld Caribbean Basin Fund has significant price volatility in the past 3 months.
CUBA Share Price and Events
7 Day Returns
17.5%
NasdaqCM:CUBA
12.8%
US Capital Markets
10.5%
US Market
1 Year Returns
-42.7%
NasdaqCM:CUBA
-11.4%
US Capital Markets
-11.5%
US Market
CUBA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Herzfeld Caribbean Basin Fund (CUBA) 17.5% -38.2% -49.7% -42.7% -52.7% -64.1%
US Capital Markets 12.8% -19% -23.9% -11.4% -0.1% 19.9%
US Market 10.5% -15.4% -21.4% -11.5% 5.4% 18.1%
1 Year Return vs Industry and Market
  • CUBA underperformed the Capital Markets industry which returned -11.4% over the past year.
  • CUBA underperformed the Market in United States of America which returned -11.5% over the past year.

CUBA Value

 Is Herzfeld Caribbean Basin 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 Herzfeld Caribbean Basin 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 Herzfeld Caribbean Basin Fund.

NasdaqCM:CUBA 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
= $7.84 * 11.5%
$0.90
Book Value of Equity per Share Median Book Value from the past 5 years. $7.84
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NasdaqCM:CUBA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
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))
= 0.754 (1 + (1- 21%) (0%))
1.135
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.135 * 5.44%)
7.91%

Discounted Cash Flow Calculation for NasdaqCM:CUBA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Herzfeld Caribbean Basin 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.

NasdaqCM:CUBA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.5% – 7.91%) * $7.84)
$0.28
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.28 / (7.91% - 1.74%)
$4.55
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $7.84 + $4.55
$12.39
NasdaqCM:CUBA Discount to Share Price
Calculation Result
Value per share (USD) From above. $12.39
Current discount Discount to share price of $3.35
= -1 x ($3.35 - $12.39) / $12.39
73%

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

Current Discount
Amount off the current price Herzfeld Caribbean Basin Fund is available for.
Intrinsic value
>50%
Share price is $3.35 vs Future cash flow value of $12.39
Current Discount Checks
For Herzfeld Caribbean Basin Fund to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Herzfeld Caribbean Basin Fund's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Herzfeld Caribbean Basin Fund'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 Herzfeld Caribbean Basin Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Herzfeld Caribbean Basin Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:CUBA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.91
NasdaqCM:CUBA Share Price ** NasdaqCM (2020-03-27) in USD $3.35
United States of America Capital Markets Industry PE Ratio Median Figure of 88 Publicly-Listed Capital Markets Companies 29.11x
United States of America Market PE Ratio Median Figure of 2,939 Publicly-Listed Companies 12.96x

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

** Primary Listing of Herzfeld Caribbean Basin Fund.

NasdaqCM:CUBA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:CUBA Share Price ÷ EPS (both in USD)

= 3.35 ÷ 1.91

1.76x

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

  • Herzfeld Caribbean Basin Fund is good value based on earnings compared to the US Capital Markets industry average.
  • Herzfeld Caribbean Basin Fund is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Herzfeld Caribbean Basin Fund's expected growth come at a high price?
Raw Data
NasdaqCM:CUBA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.76x
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 36 Publicly-Listed Capital Markets Companies 2.05x
United States of America Market PEG Ratio Median Figure of 2,005 Publicly-Listed Companies 1x

*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 Herzfeld Caribbean Basin Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Herzfeld Caribbean Basin Fund's assets?
Raw Data
NasdaqCM:CUBA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $7.84
NasdaqCM:CUBA Share Price * NasdaqCM (2020-03-27) in USD $3.35
United States of America Capital Markets Industry PB Ratio Median Figure of 164 Publicly-Listed Capital Markets Companies 6.66x
United States of America Market PB Ratio Median Figure of 5,148 Publicly-Listed Companies 1.26x
NasdaqCM:CUBA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:CUBA Share Price ÷ Book Value per Share (both in USD)

= 3.35 ÷ 7.84

0.43x

* Primary Listing of Herzfeld Caribbean Basin Fund.

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

  • Herzfeld Caribbean Basin Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Herzfeld Caribbean Basin 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. Herzfeld Caribbean Basin Fund has a total score of 5/6, 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.

CUBA Future Performance

 How is Herzfeld Caribbean Basin 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 Herzfeld Caribbean Basin 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
5.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Herzfeld Caribbean Basin Fund expected to grow at an attractive rate?
  • Unable to compare Herzfeld Caribbean Basin Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Herzfeld Caribbean Basin Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Herzfeld Caribbean Basin Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:CUBA 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 5.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqCM:CUBA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
NasdaqCM:CUBA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1 12
2019-09-30 1 6
2019-06-30 1 -1
2019-03-31 1 -5
2018-12-31 1 -9
2018-09-30 1 -5
2018-06-30 1 -1
2018-03-31 1 2
2017-12-31 1 6
2017-09-30 1 9
2017-06-30 1 12
2017-03-31 1 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Herzfeld Caribbean Basin Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Herzfeld Caribbean Basin 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
NasdaqCM:CUBA 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 0 Analyst Estimates (S&P Global) See Below

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

NasdaqCM:CUBA Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.91
2019-09-30 0.90
2019-06-30 -0.10
2019-03-31 -0.82
2018-12-31 -1.53
2018-09-30 -0.87
2018-06-30 -0.21
2018-03-31 0.39
2017-12-31 1.00
2017-09-30 1.49
2017-06-30 1.99
2017-03-31 1.60

*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 Herzfeld Caribbean Basin Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Herzfeld Caribbean Basin 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.
Herzfeld Caribbean Basin 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.

CUBA Past Performance

  How has Herzfeld Caribbean Basin 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 Herzfeld Caribbean Basin 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.
  • Herzfeld Caribbean Basin Fund's year on year earnings growth rate has been positive over the past 5 years.
  • Herzfeld Caribbean Basin Fund has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Herzfeld Caribbean Basin Fund has become profitable in the last year making it difficult to compare the US Capital Markets industry average.
Earnings and Revenue History
Herzfeld Caribbean Basin 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 Herzfeld Caribbean Basin Fund Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:CUBA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 0.77 11.70 1.26
2019-09-30 0.79 5.53 1.27
2019-06-30 0.80 -0.64 1.29
2019-03-31 0.79 -5.01 1.35
2018-12-31 0.78 -9.39 1.41
2018-09-30 0.76 -5.33 1.40
2018-06-30 0.73 -1.28 1.40
2018-03-31 0.71 2.42 1.33
2017-12-31 0.69 6.12 1.26
2017-09-30 0.69 9.16 1.40
2017-06-30 0.68 12.21 1.54
2017-03-31 0.70 9.82 1.52
2016-12-31 0.71 7.43 1.50
2016-09-30 0.78 1.32 1.37
2016-06-30 0.86 -4.79 1.25
2016-03-31 0.84 -5.71 1.28
2015-12-31 0.82 -6.62 1.32
2015-09-30 0.72 -4.01 1.23
2015-06-30 0.62 -1.39 1.14
2015-03-31 0.59 -0.54 1.02
2014-12-31 0.56 0.32 0.90
2014-09-30 0.56 1.98 0.87
2014-06-30 0.57 3.65 0.84
2014-03-31 0.58 4.51 0.85
2013-12-31 0.59 5.37 0.86
2013-09-30 0.64 5.60 0.84
2013-06-30 0.69 5.84 0.81
2013-03-31 0.71 6.15 0.77

*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.
  • Herzfeld Caribbean Basin Fund has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Herzfeld Caribbean Basin Fund used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • It is difficult to establish if Herzfeld Caribbean Basin 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 Herzfeld Caribbean Basin 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.
Herzfeld Caribbean Basin Fund has a total score of 3/6, 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.

CUBA Health

 How is Herzfeld Caribbean Basin 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 Herzfeld Caribbean Basin Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Herzfeld Caribbean Basin Fund is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Herzfeld Caribbean Basin Fund has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Herzfeld Caribbean Basin 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.
  • Herzfeld Caribbean Basin 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 Herzfeld Caribbean Basin Fund Company Filings, last reported 2 months ago.

NasdaqCM:CUBA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 48.11 0.00 0.37
2019-09-30 48.11 0.00 0.37
2019-06-30 46.54 0.00 0.56
2019-03-31 46.54 0.00 0.56
2018-12-31 39.90 0.00 0.26
2018-09-30 39.90 0.00 0.26
2018-06-30 49.05 0.00 0.30
2018-03-31 49.05 0.00 0.30
2017-12-31 51.17 0.00 0.20
2017-09-30 51.17 0.00 0.20
2017-06-30 51.05 0.00 3.35
2017-03-31 51.05 0.00 3.35
2016-12-31 45.77 0.00 2.82
2016-09-30 45.77 0.00 2.82
2016-06-30 39.67 0.00 1.35
2016-03-31 39.67 0.00 1.35
2015-12-31 37.04 0.00 1.75
2015-09-30 37.04 0.00 1.75
2015-06-30 41.61 0.00 0.58
2015-03-31 41.61 0.00 0.58
2014-12-31 42.68 0.00 8.58
2014-09-30 42.68 0.00 8.58
2014-06-30 33.86 0.00 1.00
2014-03-31 33.86 0.00 1.00
2013-12-31 33.48 0.00 3.50
2013-09-30 33.48 0.00 3.50
2013-06-30 34.45 0.00 0.25
2013-03-31 34.45 0.00 0.25
  • Herzfeld Caribbean Basin Fund has no debt.
  • Herzfeld Caribbean Basin Fund has not taken on any debt in the past 5 years.
  • Herzfeld Caribbean Basin Fund has no debt, it does not need to be covered by operating cash flow.
  • Herzfeld Caribbean Basin Fund has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Herzfeld Caribbean Basin 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. Herzfeld Caribbean Basin 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.

CUBA Dividends

 What is Herzfeld Caribbean Basin 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
33.99%
Current annual income from Herzfeld Caribbean Basin Fund dividends.
If you bought $2,000 of Herzfeld Caribbean Basin Fund shares you are expected to receive $680 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?
  • Herzfeld Caribbean Basin Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.98%).
  • Herzfeld Caribbean Basin Fund's dividend is above the markets top 25% of dividend payers in United States of America (5.45%).
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
NasdaqCM:CUBA 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 44 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1949 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

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

NasdaqCM:CUBA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-12-03 1.139 20.410
2019-09-12 1.139 17.505
2019-09-09 0.305 4.745
2018-11-27 0.305 5.195
2018-08-17 0.118 1.927
2017-11-22 0.118 1.690
2017-08-29 0.135 1.885
2017-02-24 0.130 1.829
2016-11-18 0.135 2.024
2016-08-29 0.160 2.555
2016-02-23 0.160 2.448
2015-08-26 0.635 9.521
2014-12-18 0.635 6.552
2014-08-29 1.140 15.179
2014-02-28 1.140 14.083
2013-08-30 0.196 2.329
2012-11-15 0.196 2.300
2012-08-29 0.063 0.857
2011-11-11 0.063 0.924
2010-08-30 0.000 0.000
2010-03-01 0.000 0.000
2009-08-28 0.211 3.266

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 Herzfeld Caribbean Basin Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
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 Herzfeld Caribbean Basin Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Herzfeld Caribbean Basin Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Herzfeld Caribbean Basin Fund has a total score of 4/6, see the detailed checks below.


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

CUBA Management

 What is the CEO of Herzfeld Caribbean Basin 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.
  • Herzfeld Caribbean Basin Fund has no CEO, or we have no data on them.
Management Team
Board of Directors Tenure

Average tenure and age of the Herzfeld Caribbean Basin Fund board of directors in years:

12.6
Average Tenure
67
Average Age
  • The average tenure for the Herzfeld Caribbean Basin Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Kay Tatum

TITLE
Independent Director
COMPENSATION
$5K
AGE
67
TENURE
12.6 yrs

Michael Rubin

TITLE
Independent Director
COMPENSATION
$5K
AGE
76
TENURE
18.2 yrs

Ann Lieff

TITLE
Independent Director
COMPENSATION
$5K
AGE
67
TENURE
22.2 yrs

Cecilia Gondor

TITLE
Director
AGE
57
TENURE
5.5 yrs

John Gelety

TITLE
Independent Director
COMPENSATION
$5K
AGE
51
TENURE
8.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Herzfeld Caribbean Basin Fund individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
25. Mar 20 Buy Thomas Herzfeld Individual 23. Mar 20 23. Mar 20 4,153 $2.58 $10,701
23. Mar 20 Buy Cecilia Gondor Individual 19. Mar 20 19. Mar 20 3,000 $2.75 $8,250
16. Mar 20 Buy Thomas Herzfeld Individual 13. Mar 20 16. Mar 20 26,658 $4.08 $107,128
13. Mar 20 Buy Erik Herzfeld Individual 11. Mar 20 13. Mar 20 30,205 $4.63 $134,039
01. Nov 19 Buy Phillip Goldstein Individual 30. Sep 19 31. Oct 19 87,925 $6.50 $566,452
10. Jun 19 Buy Cecilia Gondor Individual 06. Jun 19 07. Jun 19 1,025 $6.19 $6,345
X
Management checks
We assess Herzfeld Caribbean Basin 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. Herzfeld Caribbean Basin 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.

CUBA News

Simply Wall St News

CUBA Company Info

Description

The Herzfeld Caribbean Basin Fund Inc. is a closed-ended equity mutual fund launched by Thomas J. Herzfeld Advisors, Inc. The fund is managed by Herzfeld/Cuba. It invests in the public equity markets of the United States. The fund employing fundamental analysis investing in stocks of companies that are likely to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia and Venezuela. It invests in stocks of companies operating across diversified sectors. The Herzfeld Caribbean Basin Fund Inc. was formed on March 10, 1992 and is domiciled in the United States.

Details
Name: The Herzfeld Caribbean Basin Fund Inc.
CUBA
Exchange: NasdaqCM
Founded: 1992
$20,547,757
6,133,659
Website: http://www.herzfeld.com/cuba.htm#!cuba/cs3d
Address: The Herzfeld Caribbean Basin Fund Inc.
10491 Sout West 97th Avenue,
Miami,
Florida, 33116,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM CUBA Common Stock Nasdaq Capital Market US USD 20. May 1994
DB HEC Common Stock Deutsche Boerse AG DE EUR 20. May 1994
Number of employees
Current staff
Staff numbers
0
Herzfeld Caribbean Basin Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 01:17
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2020/03/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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.