| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
PCM Stock Overview
PCM Fund Inc. is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$10.66 |
| 52 Week High | US$12.77 |
| 52 Week Low | US$10.37 |
| Beta | 0.70 |
| 1 Month Change | -0.93% |
| 3 Month Change | -3.62% |
| 1 Year Change | -3.79% |
| 3 Year Change | 2.30% |
| 5 Year Change | 7.03% |
| Change since IPO | -28.93% |
Recent News & Updates
PCM Fund declares $0.08 dividend
PCM Fund (PCM) declares $0.08/share monthly dividend, in line with previous.Forward yield 8.07%Payable June 1; for shareholders of record May 13; ex-div May 12.See PCM Dividend Scorecard, Yield Chart, & Dividend Growth.
PCM Fund declares $0.08 dividend
PCM Fund (PCM) declares $0.08/share monthly dividend, in line with previous.Forward yield 8.84%Payable Feb. 1; for shareholders of record Jan. 14; ex-div Jan. 13.See PCM Dividend Scorecard, Yield Chart, & Dividend Growth.
PCM Fund declares $0.08 dividend
PCM Fund (PCM) declares $0.08/share monthly dividend, in line with previous.Forward yield 8.86%Payable Jan. 4; for shareholders of record Dec. 11; ex-div Dec. 10.See PCM Dividend Scorecard, Yield Chart, & Dividend Growth.
PCM: A Premium Price But A Stable Yield
Main Thesis The purpose of this article is to evaluate the PCM Fund (PCM) as an investment option at its current market price. PCM has been a fund I have been cautious on for a while, and that caution had some merit in 2020. However, despite some ups and downs, PCM has been a constant income provider, delivering a high distribution rate without the income cuts that plague some of its peers. Looking ahead, I
PCM Fund declares $0.08 dividend
PCM Fund (PCM) declares $0.08/share monthly dividend, in line with previous.Forward yield 9.79%Payable Dec. 1; for shareholders of record Nov. 12; ex-div Nov. 10.See PCM Dividend Scorecard, Yield Chart, & Dividend Growth.
Shareholder Returns
| PCM | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -1.1% | -1.6% | -0.5% |
| 1Y | -3.8% | 30.2% | 13.7% |
Return vs Industry: PCM underperformed the US Capital Markets industry which returned 30.2% over the past year.
Return vs Market: PCM underperformed the US Market which returned 13.7% over the past year.
Price Volatility
| PCM volatility | |
|---|---|
| PCM Average Weekly Movement | 2.1% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: PCM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: PCM's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | n/a | n/a | https://www.allianzinvestors.com/Products/Pages/391.aspx |
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.
PCM Fund Fundamentals Summary
| PCM fundamental statistics | |
|---|---|
| Market Cap | US$124.52m |
| Earnings (TTM) | US$23.25m |
| Revenue (TTM) | US$14.01m |
5.4x
P/E Ratio8.9x
P/S RatioIs PCM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PCM income statement (TTM) | |
|---|---|
| Revenue | US$14.01m |
| Cost of Revenue | US$0 |
| Gross Profit | US$14.01m |
| Expenses | -US$9.24m |
| Earnings | US$23.25m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.99 |
| Gross Margin | 100.00% |
| Net Profit Margin | 165.97% |
| Debt/Equity Ratio | 75.8% |
How did PCM perform over the long term?
See historical performance and comparisonDividends
9.0%
Current Dividend Yield48%
Payout RatioValuation
Is PCM Fund undervalued compared to its fair value and its price relative to the market?
5.36x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PCM ($10.66) is trading above our estimate of fair value ($10.64)
Significantly Below Fair Value: PCM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PCM is good value based on its PE Ratio (5.4x) compared to the US Capital Markets industry average (15.9x).
PE vs Market: PCM is good value based on its PE Ratio (5.4x) compared to the US market (17.4x).
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 (42.4x).
Future Growth
How is PCM Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
3.7%
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?
-10.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PCM has a large one-off gain of $11.5M impacting its June 30 2021 financial results.
Growing Profit Margin: PCM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PCM has become profitable over the past 5 years, growing earnings by -10.7% per year.
Accelerating Growth: PCM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PCM 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: PCM's Return on Equity (20.9%) is considered high.
Financial Health
How is PCM Fund's financial position?
Financial Position Analysis
Short Term Liabilities: PCM's short term assets ($15.3M) do not cover its short term liabilities ($105.0M).
Long Term Liabilities: PCM's short term assets ($15.3M) exceed its long term liabilities ($357.0K).
Debt to Equity History and Analysis
Debt Level: PCM's net debt to equity ratio (75.1%) is considered high.
Reducing Debt: PCM's debt to equity ratio has reduced from 77.5% to 75.8% over the past 5 years.
Debt Coverage: PCM's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: PCM's interest payments on its debt are well covered by EBIT (15.9x coverage).
Balance Sheet
Dividend
What is PCM Fund current dividend yield, its reliability and sustainability?
9.01%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PCM's dividend (9.01%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: PCM's dividend (9.01%) is in the top 25% of dividend payers in the US market (3.44%)
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 fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.2%), PCM'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?
4.6yrs
Average management tenure
CEO
PCM Fund has no CEO, or we have no data on them.
Leadership Team
Experienced Management: PCM's management team is considered experienced (4.6 years average tenure).
Board Members
Experienced Board: PCM's board of directors are seasoned and experienced ( 12.1 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
PCM Fund Inc.'s 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
- Implied Market Cap: US$124.519m
- Shares outstanding: 11.68m
- Website: https://www.allianzinvestors.com/Products/Pages/391.aspx
Location
- PCM Fund Inc.
- 650 Newport Center Drive
- Newport Beach
- California
- 92660
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:20 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.