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Calamos Dynamic Convertible and Income Fund

Nasdaq:CCD
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CCD
Nasdaq
  1. Home
  2. US
  3. Diversified Financials
Company description

Calamos Dynamic Convertible and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. More info.


Add to Portfolio Compare Print
  • Calamos Dynamic Convertible and Income Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • No market cap data available for Calamos Dynamic Convertible and Income Fund.
CCD Share Price and Events
7 Day Returns
1.9%
NasdaqGS:CCD
2.4%
US Capital Markets
1.2%
US Market
1 Year Returns
0.1%
NasdaqGS:CCD
-11.9%
US Capital Markets
3%
US Market
CCD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Calamos Dynamic Convertible and Income Fund (CCD) 1.9% 2.6% 22.7% 0.1% 16.3% -
US Capital Markets 2.4% 0.6% 12.7% -11.9% 57% 59.3%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • CCD outperformed the Capital Markets industry which returned -11.9% over the past year.
  • CCD underperformed the Market in United States of America which returned 3% over the past year.

Value

 Is Calamos Dynamic Convertible and Income 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.

In this section, we usually try to help investors determine whether Calamos Dynamic Convertible and Income Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Calamos Dynamic Convertible and Income Fund has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Calamos Dynamic Convertible and Income Fund. This is due to cash flow or dividend data being unavailable. The share price is $20.
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 Calamos Dynamic Convertible and Income Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Calamos Dynamic Convertible and Income Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CCD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings () in USD Not available
NasdaqGS:CCD Share Price ** NasdaqGS (2019-03-20) in USD $20
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 25.13x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of Calamos Dynamic Convertible and Income Fund.

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

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for Calamos Dynamic Convertible and Income Fund, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Calamos Dynamic Convertible and Income Fund's expected growth come at a high price?
Raw Data
NasdaqGS:CCD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
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 33 Publicly-Listed Capital Markets Companies 2.17x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*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 Calamos Dynamic Convertible and Income Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Calamos Dynamic Convertible and Income Fund's assets?
Raw Data
NasdaqGS:CCD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings () in USD Not available
NasdaqGS:CCD Share Price * NasdaqGS (2019-03-20) in USD $20
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x

* Primary Listing of Calamos Dynamic Convertible and Income Fund.

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

  • Unable to compare the PB ratio to the industry average as no data exists.
X
Value checks
We assess Calamos Dynamic Convertible and Income 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. Calamos Dynamic Convertible and Income Fund has a total score of 0/6, 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 Calamos Dynamic Convertible and Income 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 Calamos Dynamic Convertible and Income 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
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Calamos Dynamic Convertible and Income Fund expected to grow at an attractive rate?
  • Unable to compare Calamos Dynamic Convertible and Income Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Calamos Dynamic Convertible and Income Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Calamos Dynamic Convertible and Income Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CCD 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 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NasdaqGS:CCD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings () 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.

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Calamos Dynamic Convertible and Income Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Calamos Dynamic Convertible and Income 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
NasdaqGS:CCD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings () See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Calamos Dynamic Convertible and Income Fund Company Filings, last reported , and in Trailing twelve months (TTM) annual period rather than quarterly.

*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 Calamos Dynamic Convertible and Income Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Calamos Dynamic Convertible and Income 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.
Calamos Dynamic Convertible and Income 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.

Past Performance

  How has Calamos Dynamic Convertible and Income Fund performed over the past 5 years?

In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Calamos Dynamic Convertible and Income Fund has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data. You can see them here.

Show me the analysis anyway

  • No data on Calamos Dynamic Convertible and Income Fund's last earnings update.
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 Calamos Dynamic Convertible and Income 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.
  • Insufficient past earnings data to establish if Calamos Dynamic Convertible and Income Fund's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Calamos Dynamic Convertible and Income Fund's 1-year growth to the 5-year average as past earnings data has not been reported.
  • Unable to compare Calamos Dynamic Convertible and Income Fund's 1-year growth to the US Capital Markets industry average as past earnings data has not been reported.
Earnings and Revenue History
Calamos Dynamic Convertible and Income 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 Calamos Dynamic Convertible and Income Fund Company Filings, last reported , and in Trailing twelve months (TTM) annual period rather than quarterly.

*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.
  • Unable to establish if Calamos Dynamic Convertible and Income Fund has efficiently used shareholders’ funds last year as no Return on Equity data is available.
  • Unable to establish if Calamos Dynamic Convertible and Income Fund has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as past financial data has not been reported.
  • Unable to establish if Calamos Dynamic Convertible and Income Fund improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Calamos Dynamic Convertible and Income 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.
Calamos Dynamic Convertible and Income Fund has a total score of 0/6, 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 Calamos Dynamic Convertible and Income Fund's financial health and their level of debt?

In this section we usually analyse Calamos Dynamic Convertible and Income Fund's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Calamos Dynamic Convertible and Income Fund has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information. You can see them here.

Show me the analysis anyway

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 Calamos Dynamic Convertible and Income Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unable to compare short term assets to short term liabilities as Calamos Dynamic Convertible and Income Fund has not reported sufficient balance sheet data.
  • Unable to establish if Calamos Dynamic Convertible and Income Fund's long term commitments exceed its cash and other short term assets as Calamos Dynamic Convertible and Income Fund has not reported sufficient balance sheet data.
Balance sheet
This treemap shows a more detailed breakdown of Calamos Dynamic Convertible and Income 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.
  • Unable to establish if Calamos Dynamic Convertible and Income Fund has a high level of physical assets or inventory without balance sheet data.
  • Unable to verify if debt is covered by short term assets as Calamos Dynamic Convertible and Income Fund has not reported sufficient balance sheet data.
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 Calamos Dynamic Convertible and Income Fund Company Filings, last reported .

  • Unable to establish if Calamos Dynamic Convertible and Income Fund's level of debt is high without past debt data.
  • Unable to establish if Calamos Dynamic Convertible and Income Fund's debt level has increased without past 5-year debt data.
  • Unable to verify if debt is well covered by operating cash flow as Calamos Dynamic Convertible and Income Fund has not reported sufficient balance sheet data.
  • Unable to confirm if the interest payments on Calamos Dynamic Convertible and Income Fund's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Calamos Dynamic Convertible and Income 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. Calamos Dynamic Convertible and Income Fund has a total score of 0/6, 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 Calamos Dynamic Convertible and Income 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
0%
Current annual income from Calamos Dynamic Convertible and Income Fund dividends.
If you bought $2,000 of Calamos Dynamic Convertible and Income Fund shares you are expected to receive $0 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?
  • Unable to evaluate Calamos Dynamic Convertible and Income Fund's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Calamos Dynamic Convertible and Income Fund's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NasdaqGS:CCD 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 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Calamos Dynamic Convertible and Income Fund has not reported any payouts.
  • Unable to verify if Calamos Dynamic Convertible and Income Fund's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Calamos Dynamic Convertible and Income Fund's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Calamos Dynamic Convertible and Income Fund has not reported any payouts.
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 Calamos Dynamic Convertible and Income Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Calamos Dynamic Convertible and Income Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Calamos Dynamic Convertible and Income Fund has a total score of 0/6, 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 Calamos Dynamic Convertible and Income 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.
  • Calamos Dynamic Convertible and Income Fund has no CEO, or we have no data on them.
Management Team

John Calamos

TITLE
President
AGE
77

Bob Behan

TITLE
Vice President
AGE
53

John Calamos

TITLE
Portfolio Manager

John Hillenbrand

TITLE
Portfolio Manager

Steve Klouda

TITLE
Portfolio Manager

Eli Pars

TITLE
Portfolio Manager

Jon Vacko

TITLE
Portfolio Manager
AGE
48

Matt Freund

TITLE
Co-Portfolio Manager
Board of Directors

Theresa Hamacher

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Calamos Dynamic Convertible and Income 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. Calamos Dynamic Convertible and Income 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.

News

Simply Wall St News

Company Info

Description

Calamos Dynamic Convertible and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities. The fund also invests through derivatives such as options. It employs fundamental analysis with a top-down global macroeconomic approach to create its portfolio. Calamos Dynamic Convertible and Income Fund was formed on March 11, 2014 and is domiciled in the United States.

Details
Name: Calamos Dynamic Convertible and Income Fund
CCD
Exchange: NasdaqGS
Founded: 2014
$0
0
Website: http://www.calamos.com/FundInvestor/ClosedEndFunds/CEFund.aspx?name=CCD
Address: Calamos Dynamic Convertible and Income Fund
2020 Calamos Court,
Naperville,
Illinois, 60563-2787,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CCD COM Nasdaq Global Select US USD 30. Mar 2015
Number of employees
Current staff
Staff numbers
0
Calamos Dynamic Convertible and Income Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:53
End of day share price update: 2019/03/20 00:00
Last earnings filing: N/A
Last earnings reported: N/A
Last annual earnings reported: N/A


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.