Market Cap
US$135.2m
Last Updated
2020/02/26 00:49 UTC
Data Sources
Company Financials
Executive Summary
PCM Fund Inc. is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC.
Rewards
Snowflake Analysis
Share Price & News
How has PCM Fund's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PCM has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.7%
PCM
-8.0%
US Capital Markets
-7.4%
US Market
1 Year Return
2.8%
PCM
8.3%
US Capital Markets
10.5%
US Market
Return vs Industry: PCM underperformed the US Capital Markets industry which returned 8.3% over the past year.
Return vs Market: PCM underperformed the US Market which returned 10.5% over the past year.
Shareholder returns
| PCM | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.7% | -8.0% | -7.4% |
| 30 Day | -3.6% | -4.0% | -3.6% |
| 90 Day | -3.1% | -2.1% | -0.6% |
| 1 Year | 11.9%2.8% | 10.4%8.3% | 12.8%10.5% |
| 3 Year | 41.8%9.6% | 27.5%20.4% | 37.4%28.6% |
| 5 Year | 72.9%4.7% | 70.2%54.4% | 61.3%43.6% |
Price Volatility Vs. Market
How volatile is PCM Fund's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is PCM Fund undervalued compared to its fair value and its price relative to the market?
19.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PCM ($11.27) is trading below our estimate of fair value ($14.05)
Significantly Below Fair Value: PCM is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PCM is good value based on its PE Ratio (12.3x) compared to the Capital Markets industry average (32.3x).
PE vs Market: PCM is good value based on its PE Ratio (12.3x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PCM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PCM is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (6.6x).
Future Growth
How is PCM Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
8.5%
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 PCM 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 PCM Fund performed over the past 5 years?
3.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PCM has high quality earnings.
Growing Profit Margin: PCM's current net profit margins (89.2%) are higher than last year (88.9%).
Past Earnings Growth Analysis
Earnings Trend: PCM's earnings have grown by 3.5% per year over the past 5 years.
Accelerating Growth: PCM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PCM had negative earnings growth (-13.6%) over the past year, making it difficult to compare to the Capital Markets industry average (8.4%).
Return on Equity
High ROE: PCM's Return on Equity (9%) is considered low.
Return on Assets
Return on Capital Employed
Financial Health
How is PCM Fund's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: PCM has a low level of unsold assets or inventory.
Debt Coverage by Assets: PCM's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: PCM's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if PCM has a sufficient allowance for bad loans.
Low Risk Liabilities: PCM reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if PCM has an acceptable proportion of non-loan assets held.
Low Risk Deposits: PCM has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if PCM has an appropriate level of bad loans.
Dividend
What is PCM Fund's current dividend yield, its reliability and sustainability?
8.52%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PCM's dividend (8.52%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: PCM's dividend (8.52%) is in the top 25% of dividend payers in the US market (3.9%)
Stability and Growth of Payments
Stable Dividend: PCM's dividends per share have been stable in the past 10 years.
Growing Dividend: PCM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (105%), PCM'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.
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
PCM Fund has no CEO, or we have no data on them.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Investment Officer | 0yrs | no data | no data | |
| 0yrs | no data | no data | ||
| Co-Portfolio Manager | 2.7yrs | no data | no data | |
| Co-Portfolio Manager | 2.7yrs | no data | no data | |
| Co-Portfolio Manager | 2.7yrs | no data | no data |
2.7yrs
Average Tenure
Experienced Management: PCM's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 9.7yrs | US$1.00k | 0.0086% $11.7k | |
| Director | 8.7yrs | US$1.00k | no data | |
| Chairman | 0yrs | US$2.00k | no data | |
| Director | 11.8yrs | no data | no data | |
| Director | 11.8yrs | US$1.00k | no data | |
| Director | 9.4yrs | US$1.00k | no data | |
| Director | 10.2yrs | US$2.00k | no data |
9.9yrs
Average Tenure
74yo
Average Age
Experienced Board: PCM's board of directors are considered experienced (9.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PCM insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
PCM Fund Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: PCM Fund Inc.
- Ticker: PCM
- Exchange: NYSE
- Founded: 1993
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$135.187m
- Shares outstanding: 11.57m
- Website: https://www.allianzinvestors.com/Products/Pages/391.aspx
Location
- PCM Fund Inc.
- 650 Newport Center Drive
- Newport Beach
- California
- 92660
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PCM | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Aug 1993 |
Biography
PCM Fund Inc. is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities. It employs fundamental analysis with a focus on top down stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against Barclay’s CMBS Investment Grade Index. PCM Fund Inc was formed on September 2, 1993 and is domiciled in the United States.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/26 00:49 |
| End of Day Share Price | 2020/02/25 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.