Apollo Tactical Income Fund Inc. is a closed-ended fixed income fund launched and managed by Apollo Credit Management, LLC.
Share Price & News
How has Apollo Tactical Income Fund's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AIF has not had significant price volatility in the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: AIF underperformed the US Capital Markets industry which returned 4.9% over the past year.
Return vs Market: AIF underperformed the US Market which returned 5.2% over the past year.
Price Volatility Vs. Market
How volatile is Apollo Tactical Income Fund's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Apollo Tactical Income Fund undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AIF ($14.82) is trading above our estimate of fair value ($12.52)
Significantly Below Fair Value: AIF is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AIF is good value based on its PE Ratio (18.9x) compared to the Capital Markets industry average (30.2x).
PE vs Market: AIF is poor value based on its PE Ratio (18.9x) compared to the US market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AIF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AIF is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.2x).
How is Apollo Tactical Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
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 Apollo Tactical 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 SimplyWall St do have past financial data.
How has Apollo Tactical Income Fund performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AIF has a large one-off loss of $7.4M impacting its June 30 2019 financial results.
Growing Profit Margin: AIF's current net profit margins (39.6%) are lower than last year (55.7%).
Past Earnings Growth Analysis
Earnings Trend: AIF's earnings have grown by 7.1% per year over the past 5 years.
Accelerating Growth: AIF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AIF had negative earnings growth (-27.7%) over the past year, making it difficult to compare to the Capital Markets industry average (8.5%).
Return on Equity
High ROE: AIF's Return on Equity (4.7%) is considered low.
How is Apollo Tactical Income Fund's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: AIF has a low level of unsold assets or inventory.
Debt Coverage by Assets: AIF's debt is not covered by short term assets (assets are 0.3x debt).
Financial Institutions Analysis
Asset Level: AIF's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if AIF has a sufficient allowance for bad loans.
Low Risk Liabilities: AIF reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if AIF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AIF has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if AIF has an appropriate level of bad loans.
What is Apollo Tactical Income Fund's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AIF's dividend (8.27%) is higher than the bottom 25% of dividend payers in the US market (1.59%).
High Dividend: AIF's dividend (8.27%) is in the top 25% of dividend payers in the US market (4.09%)
Stability and Growth of Payments
Stable Dividend: AIF has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: AIF has only been paying a dividend for 7 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (161%), AIF's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Apollo Tactical Income Fund has no CEO, or we have no data on them.
|Independent Director||9.1yrs||US$22.75k||no data|
|Lead Independent Director||0yrs||US$24.25k||no data|
|Independent Director||6.3yrs||US$3.10k||no data|
|Independent Director||9.1yrs||US$23.50k||no data|
|Independent Director||9.1yrs||US$27.25k||no data|
Experienced Board: AIF's board of directors are considered experienced (9.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Apollo Tactical Income Fund Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Apollo Tactical Income Fund Inc.
- Ticker: AIF
- Exchange: NYSE
- Founded: 2013
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$214.357m
- Shares outstanding: 14.46m
- Website: https://www.agmfunds.com/InvestmentInformation/TacticalIncomeFund.aspx
- Apollo Tactical Income Fund Inc.
- 9 West 57th Street
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AIF||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Feb 2013|
Apollo Tactical Income Fund Inc. is a closed-ended fixed income fund launched and managed by Apollo Credit Management, LLC. The fund invests in fixed income markets. It primarily invests in senior secured loans including floating rate senior loans, high yield corporate bonds, and other credit instruments of varying maturities made to companies whose debt is typically rated below investment grade. The fund employs a conservative approach to credit selection that focuses on such factors as collateral coverage, structural seniority, credit fundamentals, with emphasis on leading defensible market positions, stable companies with positive cash flow, and proven management teams to create its portfolio. Apollo Tactical Income Fund Inc. was formed on February 25, 2013 and is domiciled in the United States.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 02:31|
|End of Day Share Price||2020/02/27 00:00|
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.