High Income Securities Fund Past Earnings Performance
Past criteria checks 4/6
High Income Securities Fund has been growing earnings at an average annual rate of 32.9%, while the Capital Markets industry saw earnings growing at 7.2% annually. Revenues have been growing at an average rate of 29.3% per year. High Income Securities Fund's return on equity is 13.6%, and it has net margins of 201%.
Key information
32.91%
Earnings growth rate
-2.37%
EPS growth rate
| Capital Markets Industry Growth | 10.26% |
| Revenue growth rate | 29.33% |
| Return on equity | 13.60% |
| Net Margin | 201.04% |
| Last Earnings Update | 28 Feb 2025 |
Recent past performance updates
No updates
Recent updates
PCF: An Ineffective Fund Of Funds
Apr 22Notes On The PCF Annual Shareholder Report And Rights Offering
Nov 21Update On The Upcoming PCF Tender Offer
Oct 26PCF's Rights Offer, Tender Offer, Or Both? What's Going On Here?
Jul 28PCF: This Unique CEF Has Improved A Lot Over The Past 6 Months
May 06PCF: A High Income Securities Fund In Decline
Feb 19PCF: An Interesting Fund For Income Hunters, But Distribution Still Looks Strained
Dec 11PCF: A Good Diversifier For An Income Portfolio, But Distribution Appears Strained
Oct 04PCF: Lack Of Transparency A Big Negative
Jul 26High Income Securities Fund dividend declines by 17.3% to $0.0604
Jan 06High Income Securities Fund declares $0.073 dividend
Oct 11PCF: An Interesting Portfolio At A Fair Valuation
Aug 25PCF: Fund-Of-Funds CEF, Large 11.3% Dividend Yield
Aug 18High Income Securities Fund declares $0.073 dividend
Jul 07PCF: Discounted And A 10% Managed Distribution Plan
May 22PCF's Rights Offering: Quick Notes
Oct 21PCF: An Underfollowed 9.54% Yielder
Aug 26Revenue & Expenses Breakdown
How High Income Securities Fund makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 28 Feb 25 | 9 | 18 | 2 | 0 |
| 30 Nov 24 | 8 | 18 | 2 | 0 |
| 31 Aug 24 | 8 | 18 | 1 | 0 |
| 31 Aug 23 | 8 | 6 | 1 | 0 |
| 31 Aug 22 | 7 | -3 | 1 | 0 |
| 31 May 22 | 5 | 3 | 1 | 0 |
| 28 Feb 22 | 4 | 8 | 1 | 0 |
| 30 Nov 21 | 3 | 12 | 1 | 0 |
| 31 Aug 21 | 3 | 15 | 1 | 0 |
| 31 May 21 | 3 | 11 | 1 | 0 |
| 28 Feb 21 | 3 | 7 | 1 | 0 |
| 30 Nov 20 | 3 | 4 | 1 | 0 |
| 31 Aug 20 | 3 | 0 | 1 | 0 |
| 31 May 20 | 3 | 1 | 1 | 0 |
| 29 Feb 20 | 3 | 2 | 1 | 0 |
| 30 Nov 19 | 3 | 2 | 1 | 0 |
| 31 Aug 19 | 2 | 1 | 1 | 0 |
| 31 May 19 | 3 | 2 | 1 | 0 |
| 28 Feb 19 | 3 | 3 | 2 | 0 |
| 30 Nov 18 | 4 | 5 | 2 | 0 |
| 31 Aug 18 | 5 | 6 | 2 | 0 |
| 31 May 18 | 5 | 8 | 2 | 0 |
| 28 Feb 18 | 5 | 9 | 2 | 0 |
| 30 Nov 17 | 5 | 11 | 2 | 0 |
| 31 Aug 17 | 5 | 12 | 1 | 0 |
| 31 May 17 | 5 | 18 | 1 | 0 |
| 28 Feb 17 | 5 | 23 | 1 | 0 |
| 30 Nov 16 | 6 | 15 | 1 | 0 |
| 31 Aug 16 | 6 | 7 | 1 | 0 |
| 31 May 16 | 6 | -5 | 1 | 0 |
| 29 Feb 16 | 6 | -17 | 1 | 0 |
| 30 Nov 15 | 7 | -13 | 1 | 0 |
| 31 Aug 15 | 7 | -9 | 1 | 0 |
| 31 May 15 | 7 | -2 | 1 | 0 |
| 28 Feb 15 | 7 | 5 | 1 | 0 |
| 30 Nov 14 | 7 | 12 | 1 | 0 |
| 31 Aug 14 | 7 | 19 | 1 | 0 |
| 31 May 14 | 8 | 18 | 1 | 0 |
Quality Earnings: PCF has a large one-off gain of $11.5M impacting its last 12 months of financial results to 28th February, 2025.
Growing Profit Margin: PCF's current net profit margins are higher than last year .
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PCF's earnings have grown significantly by 32.9% per year over the past 5 years.
Accelerating Growth: PCF's earnings growth over the past year (52.5%) exceeds its 5-year average (32.9% per year).
Earnings vs Industry: PCF earnings growth over the past year (52.5%) exceeded the Capital Markets industry 18.3%.
Return on Equity
High ROE: PCF's Return on Equity (13.6%) is considered low.
Return on Assets
Return on Capital Employed
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/12 09:08 |
| End of Day Share Price | 2025/05/12 00:00 |
| Earnings | 2025/02/28 |
| Annual Earnings | 2024/08/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
High Income Securities Fund is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.