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PCM

PCM FundNYSE:PCM Stock Report

Last Price

US$10.66

Market Cap

US$124.5m

7D

-1.1%

1Y

-3.8%

Updated

16 Jan, 2022

Data

Company Financials
PCM fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends4/6

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

Summary of all time highs, changes and price drops for PCM Fund
Historical stock prices
Current Share PriceUS$10.66
52 Week HighUS$12.77
52 Week LowUS$10.37
Beta0.70
1 Month Change-0.93%
3 Month Change-3.62%
1 Year Change-3.79%
3 Year Change2.30%
5 Year Change7.03%
Change since IPO-28.93%

Recent News & Updates

May 07

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.

Jan 04

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.

Dec 02

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.

Nov 17

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

Nov 04

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

PCMUS Capital MarketsUS 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

Is PCM's price volatile compared to industry and market?
PCM volatility
PCM Average Weekly Movement2.1%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
1993n/an/ahttps://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

How do PCM Fund's earnings and revenue compare to its market cap?
PCM fundamental statistics
Market CapUS$124.52m
Earnings (TTM)US$23.25m
Revenue (TTM)US$14.01m

5.4x

P/E Ratio

8.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PCM income statement (TTM)
RevenueUS$14.01m
Cost of RevenueUS$0
Gross ProfitUS$14.01m
Expenses-US$9.24m
EarningsUS$23.25m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.99
Gross Margin100.00%
Net Profit Margin165.97%
Debt/Equity Ratio75.8%

How did PCM perform over the long term?

See historical performance and comparison

Dividends

9.0%

Current Dividend Yield

48%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:20
End of Day Share Price2022/01/14 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.