| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
PCQ Stock Overview
PIMCO California Municipal Income Fund 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$18.00 |
| 52 Week High | US$20.19 |
| 52 Week Low | US$17.63 |
| Beta | 0.33 |
| 1 Month Change | -6.14% |
| 3 Month Change | -6.10% |
| 1 Year Change | 0.055% |
| 3 Year Change | 9.56% |
| 5 Year Change | 13.64% |
| Change since IPO | 18.03% |
Recent News & Updates
PIMCO California Municipal Income Fund declares $0.065 dividend
PIMCO California Municipal Income Fund (PCQ) declares $0.065/share monthly dividend, in line with previous.Forward yield 4.18%Payable June 1; for shareholders of record May 13; ex-div May 12.See PCQ Dividend Scorecard, Yield Chart, & Dividend Growth.
PIMCO California Municipal Income Fund declares $0.065 dividend
PIMCO California Municipal Income Fund (PCQ) declares $0.065/share monthly dividend, in line with previous.Forward yield 4.17%Payable March 1; for shareholders of record Feb. 11; ex-div Feb. 10.See PCQ Dividend Scorecard, Yield Chart, & Dividend Growth.
PIMCO California Municipal Income Fund declares $0.065 dividend
PIMCO California Municipal Income Fund (PCQ) declares $0.065/share monthly dividend, in line with previous.Forward yield 4.34%Payable Feb. 1; for shareholders of record Jan. 14; ex-div Jan. 13.See PCQ Dividend Scorecard, Yield Chart, & Dividend Growth.
PIMCO California Municipal Income Fund declares $0.01 dividend
PIMCO California Municipal Income Fund (PCQ) declares $0.01/share special dividend.Payable Dec. 21; for shareholders of record Dec. 17; ex-div Dec. 16.See PCQ Dividend Scorecard, Yield Chart, & Dividend Growth.
PIMCO California Municipal Income Fund declares $0.065 dividend
PIMCO California Municipal Income Fund (PCQ) declares $0.065/share monthly dividend, in line with previous.Forward yield 4.39%Payable Jan. 4; for shareholders of record Dec. 11; ex-div Dec. 10.See PCQ Dividend Scorecard, Yield Chart, & Dividend Growth.
PIMCO California Municipal Income Fund declares $0.065 dividend
PIMCO California Municipal Income Fund (PCQ) declares $0.065/share monthly dividend, in line with previous.Forward yield 4.63%Payable Dec. 1; for shareholders of record Nov. 12; ex-div Nov. 10.See PCQ Dividend Scorecard, Yield Chart, & Dividend Growth.
Shareholder Returns
| PCQ | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -4.2% | -1.6% | -0.5% |
| 1Y | 0.06% | 30.2% | 13.7% |
Return vs Industry: PCQ underperformed the US Capital Markets industry which returned 30.2% over the past year.
Return vs Market: PCQ underperformed the US Market which returned 13.7% over the past year.
Price Volatility
| PCQ volatility | |
|---|---|
| PCQ Average Weekly Movement | 1.9% |
| 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: PCQ is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: PCQ's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | n/a | n/a | https://www.pimco.com/en-us/investments/closed-end-funds/california-municipal-income-fund |
PIMCO California Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States.
PIMCO California Municipal Income Fund Fundamentals Summary
| PCQ fundamental statistics | |
|---|---|
| Market Cap | US$340.34m |
| Earnings (TTM) | US$24.15m |
| Revenue (TTM) | US$17.57m |
14.1x
P/E Ratio19.4x
P/S RatioIs PCQ overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PCQ income statement (TTM) | |
|---|---|
| Revenue | US$17.57m |
| Cost of Revenue | US$0 |
| Gross Profit | US$17.57m |
| Expenses | -US$6.58m |
| Earnings | US$24.15m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.28 |
| Gross Margin | 100.00% |
| Net Profit Margin | 137.43% |
| Debt/Equity Ratio | 21.3% |
How did PCQ perform over the long term?
See historical performance and comparisonDividends
4.3%
Current Dividend Yield61%
Payout RatioValuation
Is PIMCO California Municipal Income Fund undervalued compared to its fair value and its price relative to the market?
14.1x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PCQ ($18) is trading above our estimate of fair value ($6.87)
Significantly Below Fair Value: PCQ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PCQ is good value based on its PE Ratio (14.1x) compared to the US Capital Markets industry average (15.9x).
PE vs Market: PCQ is good value based on its PE Ratio (14.1x) compared to the US market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PCQ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PCQ is good value based on its PB Ratio (1.3x) compared to the US Capital Markets industry average (42.4x).
Future Growth
How is PIMCO California Municipal Income 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 PIMCO California Municipal 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 PIMCO California Municipal Income Fund performed over the past 5 years?
31.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PCQ has a large one-off gain of $10.6M impacting its June 30 2021 financial results.
Growing Profit Margin: PCQ's current net profit margins are higher than last year (58.4%).
Past Earnings Growth Analysis
Earnings Trend: PCQ's earnings have grown significantly by 31.4% per year over the past 5 years.
Accelerating Growth: PCQ's earnings growth over the past year (114.7%) exceeds its 5-year average (31.4% per year).
Earnings vs Industry: PCQ earnings growth over the past year (114.7%) exceeded the Capital Markets industry 86.4%.
Return on Equity
High ROE: PCQ's Return on Equity (6.2%) is considered low.
Financial Health
How is PIMCO California Municipal Income Fund's financial position?
Financial Position Analysis
Short Term Liabilities: PCQ's short term assets ($5.9M) do not cover its short term liabilities ($55.3M).
Long Term Liabilities: PCQ's short term assets ($5.9M) do not cover its long term liabilities ($29.7M).
Debt to Equity History and Analysis
Debt Level: PCQ's net debt to equity ratio (21.1%) is considered satisfactory.
Reducing Debt: PCQ's debt to equity ratio has increased from 8% to 21.3% over the past 5 years.
Debt Coverage: PCQ's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: PCQ's interest payments on its debt are well covered by EBIT (21.9x coverage).
Balance Sheet
Dividend
What is PIMCO California Municipal Income Fund current dividend yield, its reliability and sustainability?
4.33%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PCQ's dividend (4.33%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: PCQ's dividend (4.33%) is in the top 25% of dividend payers in the US market (3.44%)
Stability and Growth of Payments
Stable Dividend: PCQ's dividend payments have been volatile in the past 10 years.
Growing Dividend: PCQ's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61%), PCQ's dividend payments are 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?
11.8yrs
Average board tenure
CEO
PIMCO California Municipal Income Fund has no CEO, or we have no data on them.
Board Members
Experienced Board: PCQ's board of directors are seasoned and experienced ( 11.8 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
PIMCO California Municipal Income Fund's employee growth, exchange listings and data sources
Key Information
- Name: PIMCO California Municipal Income Fund
- Ticker: PCQ
- Exchange: NYSE
- Founded: 2001
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$340.340m
- Shares outstanding: 18.91m
- Website: https://www.pimco.com/en-us/investments/closed-end-funds/california-municipal-income-fund
Location
- PIMCO California Municipal Income Fund
- 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 | 2020/12/31 |
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.