Invests primarily in equity securities of infrastructure companies. Allocates at least 80% of net assets to infrastructure-related securities. Now — the numbers.
This is an established company with proven profits.
No real growth (-1% a year). Red columns mark years that ended in a loss.
The market pays 17.6× for every dollar of annual profit — around what a business like this usually costs.
No analyst target is on record for this company.
angles, checked one by one.
The 3 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
R&D Investment: Spending on future research is low.
The stock trades 39% below its peak. The market has trimmed its expectations for the company.
It pays out $4.27 per share each year — regular cash for whoever holds the stock.
Over the last 4 years, sales fell about 1% a year on average. Profit is holding up, but a shrinking business is a risk worth watching.
The share set aside for the future is small; the pace of new ideas may slow. Council score: 2/10.
Since the drop from its peak, buyer appetite hasn’t come back. Council score: 3/10.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.