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Premium Global Income Split Fund (PGIC) Fair Value & Analysis

Financial Services · CA · Market cap C$28.5M

PG Premium Global Income Split Fund PGIC · TO
PriceC$7.37
Fair ValueC$12.75
Upside+73.0%
Quality50/100
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Mixed Growth
Highly profitable · 46.9% net margin
negative free cash flow
12.89% dividend yield
Ranks above peers (10/11)
Wide moat 81/100
Evidence: High Range C$9.56 – C$15.94 Share as image

Fair value as of: Jul 12, 2026

From 8 valuation models · updated 29 days ago

Share price −1.1% over the past month.

A solid business, screening 73% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (C$9.56). The market is more pessimistic than our downside scenario.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

C$41.28 C$1.35 Fair Value C$12.75 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range C$1.35 – C$41.28 · fair‑value band C$9.56 – C$15.94 · the C$7.37 price screens below the C$12.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Premium Global Income Split Fund (PGIC) currently trades at C$7.37, while our model-based Fair Value estimate is C$12.75, implying the stock looks roughly 73.0% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Premium Global Income Split Fund generated revenue of C$7.7M at a net margin of 46.9%. It earns a return on equity of 21.8%. The stock trades on a trailing P/E of 5.5. Fundamentals as of Jul 12, 2026

Our scenario range runs from C$9.56 (bear case) to C$15.94 (bull case); at C$7.37, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 51% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 73%, PGIC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income C$13.34 C$14.10 C$14.69 76
Gordon GGM C$8.69 C$14.55 C$18.88 70
P/E Multiple C$22.60 C$30.14 C$37.67 63
All 8 models by family
Earnings-Based
Graham-Dodd C$10.25 C$71.46 C$100.28 54
Lynch FV C$36.92 C$52.74 C$68.56 50
Dividend Discount
Gordon GGM C$8.69 C$14.55 C$18.88 70
DDM Multi-Stage C$8.69 C$13.80 C$15.65 61
Multiples
P/E Multiple C$22.60 C$30.14 C$37.67 63
P/B Multiple C$19.21 C$25.62 C$32.02 55
Asset-Based
NCAV (Graham) C$8.59 C$11.50 C$17.17 50
Economic Profit
Residual Income C$13.34 C$14.10 C$14.69 76

Widest divergence: Earnings-Based (C$52.74) versus Asset-Based (C$11.50). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) C$7.7M
Revenue growth (YoY) +585%
Net margin 46.9%
Return on equity 21.8%
Free cash flow −C$37.8M FY2025
P/E ratio 5.7
More key figures
Operating margin 88.0%
EPS (TTM) C$1.32
Dividend yield 12.9%
EPS growth (YoY) -69.4%

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 48 · Market factors (momentum, volatility) 65

Profitability 44
Margins and returns on capital today
Quality Growth 88
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Premium Global Income Split Fund is an equity mutual fund launched and managed by Strathbridge Asset Management Inc. It invests in public equity markets across the globe. The fund also invests some portion of its portfolio in derivative instruments. It invests in the stocks of companies operating in the financial services sector.

Full company description

Premium Global Income Split Fund is an equity mutual fund launched and managed by Strathbridge Asset Management Inc. It invests in public equity markets across the globe. The fund also invests some portion of its portfolio in derivative instruments. It invests in the stocks of companies operating in the financial services sector. The fund invests in the stocks of large cap companies. Premium Global Income Split Fund was formed on December 5, 2003 and is domiciled in Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Premium Global Income Split Fund reported revenue of C$7.1M in FY2025 versus C$2.2M in FY2021, a compound +33.9%/yr. Reported net income was C$5.7M in FY2025, compounding +32.5%/yr from FY2021.

Growth Quality 58/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$7.1M
Latest YoY
+384.5%
Revenue +33.9%/yr
FY21 C$2.2M
FY22 −C$1.8M
FY23 C$1.2M
FY24 C$1.5M
FY25 C$7.1M
Net income +32.5%/yr
FY21 C$1.9M
FY22 −C$2.1M
FY23 C$758K
FY24 C$840K
FY25 C$5.7M

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Cite: Fair Value Calculator (2026). "Premium Global Income Split Fund Fair Value". https://www.fairvalue-calculator.com/stock/PGIC

Peer Group

Asset Management · 971 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 50 · Below median
Fair Value upside +73% · Top 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 47% · Above median
Operating margin (TTM) 88% · Above median
Revenue growth 585% · Top 25%
Dividend yield (TTM) 12.9% · Top 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 5.7× · Cheaper than 75% of peers
P/B 0.31× · Cheaper than 75% of peers
P/S (TTM) 2.65× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 37
FUTURE 100 · sector 6
PAST 87 · sector 26
HEALTH 0 · sector 95
DIVIDEND 100 · sector 69

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is Premium Global Income Split Fund (PGIC) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of C$12.75 versus a price of C$7.37, about +73% (undervalued).
What is the fair value of PGIC?
Our model-based fair value for Premium Global Income Split Fund is C$12.75 (as of Jul 12, 2026), built from audited fundamentals. The current price is C$7.37.
What is the quality score of PGIC?
Premium Global Income Split Fund has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Premium Global Income Split Fund (PGIC)?
Premium Global Income Split Fund reported trailing-twelve-month revenue of about C$7.7M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of PGIC?
The net profit margin of Premium Global Income Split Fund is about 46.9%, meaning it keeps roughly 46.9% of revenue as net income. Based on the latest reported figures.
Does Premium Global Income Split Fund pay a dividend?
Premium Global Income Split Fund currently shows a dividend yield of about 12.82% relative to its recent price (as of Jul 12, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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