company background image
EHI

Western Asset Global High Income FundNYSE:EHI Stock Report

Last Price

US$9.79

Market Cap

US$222.2m

7D

0.1%

1Y

-4.1%

Updated

19 Jan, 2022

Data

Company Financials
EHI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends3/6

EHI Stock Overview

Western Asset Global High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.

Price History & Performance

Summary of all time highs, changes and price drops for Western Asset Global High Income Fund
Historical stock prices
Current Share PriceUS$9.79
52 Week HighUS$10.83
52 Week LowUS$9.63
Beta0.71
1 Month Change1.45%
3 Month Change-3.55%
1 Year Change-4.11%
3 Year Change7.82%
5 Year Change-2.20%
Change since IPO-34.73%

Recent News & Updates

Nov 17

Western Asset Global High Income Fund declares $0.067 dividend

Western Asset Global High Income Fund (EHI) declares $0.067/share monthly dividend, in line with previous.Forward yield 7.97%Payable Dec. 31; for shareholders of record Dec. 23; ex-div Dec. 22.Payable Feb. 1; for shareholders of record Jan. 22; ex-div Jan. 21.Payable Mar. 1; for shareholders of record Feb. 19; ex-div Feb. 18.See EHI Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

EHIUS Capital MarketsUS Market
7D0.1%-5.5%-4.6%
1Y-4.1%24.6%7.7%

Return vs Industry: EHI underperformed the US Capital Markets industry which returned 25.7% over the past year.

Return vs Market: EHI underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is EHI's price volatile compared to industry and market?
EHI volatility
EHI Average Weekly Movement1.6%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: EHI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: EHI's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/aKen Fullerhttps://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=EHI

Western Asset Global High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd.

Western Asset Global High Income Fund Fundamentals Summary

How do Western Asset Global High Income Fund's earnings and revenue compare to its market cap?
EHI fundamental statistics
Market CapUS$222.21m
Earnings (TTM)US$59.64m
Revenue (TTM)US$29.27m

3.7x

P/E Ratio

7.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EHI income statement (TTM)
RevenueUS$29.27m
Cost of RevenueUS$0
Gross ProfitUS$29.27m
Expenses-US$30.37m
EarningsUS$59.64m

Last Reported Earnings

May 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.63
Gross Margin100.00%
Net Profit Margin203.76%
Debt/Equity Ratio35.4%

How did EHI perform over the long term?

See historical performance and comparison

Dividends

8.2%

Current Dividend Yield

31%

Payout Ratio

Does EHI pay a reliable dividends?

See EHI dividend history and benchmarks
When do you need to buy EHI by to receive an upcoming dividend?
Western Asset Global High Income Fund dividend dates
Ex Dividend DateJan 21 2022
Dividend Pay DateFeb 01 2022
Days until Ex dividend0 days
Days until Dividend pay date11 days

Does EHI pay a reliable dividends?

See EHI dividend history and benchmarks

Valuation

Is Western Asset Global High Income Fund undervalued compared to its fair value and its price relative to the market?

3.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EHI ($9.79) is trading above our estimate of fair value ($8.38)

Significantly Below Fair Value: EHI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EHI is good value based on its PE Ratio (3.7x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: EHI is good value based on its PE Ratio (3.7x) compared to the US market (17x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EHI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EHI is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (42.2x).

Future Growth

How is Western Asset Global High Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

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 Western Asset Global High 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.

Past Performance

How has Western Asset Global High Income Fund performed over the past 5 years?

2.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EHI has a large one-off gain of $36.3M impacting its May 31 2021 financial results.

Growing Profit Margin: EHI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: EHI has become profitable over the past 5 years, growing earnings by 2.4% per year.

Accelerating Growth: EHI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: EHI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).


Return on Equity

High ROE: EHI's Return on Equity (24.7%) is considered high.

Financial Health

How is Western Asset Global High Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: EHI's short term assets ($6.8M) do not cover its short term liabilities ($92.1M).

Long Term Liabilities: EHI's short term assets ($6.8M) do not cover its long term liabilities ($21.4M).


Debt to Equity History and Analysis

Debt Level: EHI's net debt to equity ratio (35%) is considered satisfactory.

Reducing Debt: EHI's debt to equity ratio has reduced from 36.6% to 35.4% over the past 5 years.

Debt Coverage: EHI's debt is well covered by operating cash flow (383.9%).

Interest Coverage: EHI's interest payments on its debt are well covered by EBIT (22.9x coverage).


Balance Sheet

Dividend

What is Western Asset Global High Income Fund current dividend yield, its reliability and sustainability?

8.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EHI's dividend (8.21%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: EHI's dividend (8.21%) is in the top 25% of dividend payers in the US market (3.48%)


Stability and Growth of Payments

Stable Dividend: EHI's dividend payments have been volatile in the past 10 years.

Growing Dividend: EHI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.6%), EHI's dividend payments are 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.

Management

How experienced are the management team and are they aligned to shareholders interests?

19.0yrs

Average board tenure


CEO

Ken Fuller (63 yo)

8.58yrs

Tenure

Mr. Kenneth Donald Fuller, also known as Ken, has been Chief Executive Officer and President of Western Asset High Income Opportunity Fund Inc. and LMP Corporate Loan Fund Inc. since June 1, 2013. He serve...


Board Members

Experienced Board: EHI's board of directors are seasoned and experienced ( 19 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Western Asset Global High Income Fund Inc.'s employee growth, exchange listings and data sources


Key Information


Location

  • Western Asset Global High Income Fund Inc.
  • 620 Eighth Avenue
  • 49th Floor
  • New York
  • New York
  • 10018
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:42
End of Day Share Price2022/01/19 00:00
Earnings2021/05/31
Annual Earnings2021/05/31


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.