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PFL

PIMCO Income Strategy FundNYSE:PFL Stock Report

Last Price

US$10.56

Market Cap

US$361.2m

7D

-3.6%

1Y

-7.0%

Updated

16 Jan, 2022

Data

Company Financials
PFL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends4/6

PFL Stock Overview

PIMCO Income Strategy Fund 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 PIMCO Income Strategy Fund
Historical stock prices
Current Share PriceUS$10.56
52 Week HighUS$13.30
52 Week LowUS$10.49
Beta0.72
1 Month Change-3.65%
3 Month Change-7.93%
1 Year Change-7.04%
3 Year Change-4.87%
5 Year Change-0.94%
Change since IPO-47.23%

Recent News & Updates

Dec 03

PTY, PFL, And PFN: Are We There Yet?

We have had bearish ratings on all the popular PIMCO closed-end funds. The recent drop was in line with our expectations. We are about halfway through this decline, but we are upgrading a few names.

Sep 14

PIMCO Closed-End Funds: To Soon To Buy

Three PIMCO closed-end funds recently cut their dividends, causing some analysts to state that the resulting selloff is a buying opportunity. The cuts by themselves don't necessarily imply further downside for the funds, but potentially increasing interest rates and high-yield spreads do. I look at the 2013-2016 period to understand the downside potential. Some indicators like fund premiums and yield spreads suggest the current environment is even riskier.

Sep 03

PTY, PFL And PFN: It Is Only A Flesh Wound, So Far

PIMCO Funds have a history of exceptional performance. Three funds just announced distribution cuts. We examine this event in light of our thesis to avoid these like the bubonic plague.

Jul 08

PFL & PTY: Abysmal Setups

PIMCO Income Strategy Fund has provided steady income in good times and bad. We look at the current macro environment for generating high yields. Alongside the challenge of squeezing blood from stone, the fund also faces a second headwind. We would stay out at present.

May 07

PIMCO Income Strategy Fund declares $0.09 dividend

PIMCO Income Strategy Fund (PFL) declares $0.09/share monthly dividend, in line with previous.Forward yield 8.58%Payable June 1; for shareholders of record May 13; ex-div May 12.See PFL Dividend Scorecard, Yield Chart, & Dividend Growth.

Dec 23

PIMCO Income Strategy Fund - High Return For High Risk

Introduction PIMCO Income Strategy Fund (PFL) is one of 12 taxable closed-end funds managed by PIMCO. PFL began trading in 2003 and has the objective "Seeks high current income, consistent with the preservation of capital."The fund has allocations all over the fixed income map and is currently concentrated in high yield and investment grade corporate credit followed by non-agency mortgage backed securities. Source: PIMCO - Data as of 11/30/2020 PFL is moderately sensitive to interest

Shareholder Returns

PFLUS Capital MarketsUS Market
7D-3.6%-1.6%-0.5%
1Y-7.0%30.2%13.7%

Return vs Industry: PFL underperformed the US Capital Markets industry which returned 30.2% over the past year.

Return vs Market: PFL underperformed the US Market which returned 13.7% over the past year.

Price Volatility

Is PFL's price volatile compared to industry and market?
PFL volatility
PFL Average Weekly Movement1.7%
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: PFL is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: PFL's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/an/ahttps://www.allianzinvestors.com/Products/pages/15.aspx?ShareClassCode=ARTIFICIAL

PIMCO Income Strategy Fund 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 invests in fixed income markets across the globe.

PIMCO Income Strategy Fund Fundamentals Summary

How do PIMCO Income Strategy Fund's earnings and revenue compare to its market cap?
PFL fundamental statistics
Market CapUS$361.17m
Earnings (TTM)US$72.39m
Revenue (TTM)US$35.49m

5.0x

P/E Ratio

10.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PFL income statement (TTM)
RevenueUS$35.49m
Cost of RevenueUS$0
Gross ProfitUS$35.49m
Expenses-US$36.89m
EarningsUS$72.39m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.12
Gross Margin100.00%
Net Profit Margin203.95%
Debt/Equity Ratio45.9%

How did PFL perform over the long term?

See historical performance and comparison

Dividends

9.3%

Current Dividend Yield

51%

Payout Ratio

Valuation

Is PIMCO Income Strategy Fund undervalued compared to its fair value and its price relative to the market?

4.99x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PFL ($10.56) is trading above our estimate of fair value ($5.86)

Significantly Below Fair Value: PFL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PFL is good value based on its PE Ratio (5x) compared to the US Capital Markets industry average (15.9x).

PE vs Market: PFL is good value based on its PE Ratio (5x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PFL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PFL is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (42.4x).

Future Growth

How is PIMCO Income Strategy 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 Income Strategy 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 Income Strategy Fund performed over the past 5 years?

-5.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PFL has a high level of non-cash earnings.

Growing Profit Margin: PFL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PFL's earnings have declined by 5.3% per year over the past 5 years.

Accelerating Growth: PFL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PFL 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: PFL's Return on Equity (17.8%) is considered low.

Financial Health

How is PIMCO Income Strategy Fund's financial position?


Financial Position Analysis

Short Term Liabilities: PFL's short term assets ($52.2M) do not cover its short term liabilities ($214.9M).

Long Term Liabilities: PFL's short term assets ($52.2M) exceed its long term liabilities ($9.2M).


Debt to Equity History and Analysis

Debt Level: PFL's net debt to equity ratio (45.4%) is considered high.

Reducing Debt: PFL's debt to equity ratio has increased from 5.7% to 45.9% over the past 5 years.

Debt Coverage: PFL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PFL earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Dividend

What is PIMCO Income Strategy Fund current dividend yield, its reliability and sustainability?

9.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PFL's dividend (9.25%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: PFL's dividend (9.25%) is in the top 25% of dividend payers in the US market (3.44%)


Stability and Growth of Payments

Stable Dividend: PFL's dividends per share have been stable in the past 10 years.

Growing Dividend: PFL's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.1%), PFL'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 Income Strategy Fund has no CEO, or we have no data on them.


Board Members

Experienced Board: PFL'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 been diluted in the past year, with total shares outstanding growing by 6%.


Top Shareholders

Company Information

PIMCO Income Strategy Fund's employee growth, exchange listings and data sources


Key Information

  • Name: PIMCO Income Strategy Fund
  • Ticker: PFL
  • Exchange: NYSE
  • Founded: 2003
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$361.167m
  • Shares outstanding: 34.20m
  • Website: https://www.allianzinvestors.com/Products/pages/15.aspx?ShareClassCode=ARTIFICIAL

Number of Employees


Location

  • PIMCO Income Strategy Fund
  • 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
Earnings2021/07/31
Annual Earnings2021/07/31


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.