NYSE:PHK

Stock Analysis Report

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Executive Summary

PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. More Details

Rewards


Snowflake Analysis

Share Price & News

How has PIMCO High Income Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PHK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: PHK's weekly volatility (1%) has been stable over the past year.


Market Performance


7 Day Return

3.0%

PHK

1.5%

US Capital Markets

-0.4%

US Market


1 Year Return

-7.6%

PHK

45.4%

US Capital Markets

36.2%

US Market

Return vs Industry: PHK underperformed the US Capital Markets industry which returned 45.5% over the past year.

Return vs Market: PHK underperformed the US Market which returned 36.3% over the past year.


Shareholder returns

PHKIndustryMarket
7 Day3.0%1.5%-0.4%
30 Day4.0%3.3%-2.3%
90 Day4.2%14.5%5.0%
1 Year3.1%-7.6%49.0%45.4%39.1%36.2%
3 Year15.1%-15.6%35.9%25.9%48.4%39.0%
5 Year27.8%-26.6%145.9%115.5%116.6%92.4%

Long-Term Price Volatility Vs. Market

How volatile is PIMCO High Income Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

36.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PHK ($6.45) is trading below our estimate of fair value ($10.11)

Significantly Below Fair Value: PHK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PHK is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.

PE vs Market: PHK is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PHK is good value based on its PB Ratio (1.3x) compared to the US Capital Markets industry average (19x).

Future Growth

How is PIMCO High Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.5%

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 PIMCO High 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 High Income Fund performed over the past 5 years?

-23.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PHK is currently unprofitable.

Growing Profit Margin: PHK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PHK is unprofitable, and losses have increased over the past 5 years at a rate of 23.2% per year.

Accelerating Growth: Unable to compare PHK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PHK is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (10.4%).


Return on Equity

High ROE: PHK has a negative Return on Equity (-12.04%), as it is currently unprofitable.

Financial Health

How is PIMCO High Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: PHK's short term assets ($223.8M) do not cover its short term liabilities ($373.6M).

Long Term Liabilities: PHK's short term assets ($223.8M) exceed its long term liabilities ($9.1M).


Debt to Equity History and Analysis

Debt Level: PHK's debt to equity ratio (32.5%) is considered satisfactory.

Reducing Debt: PHK's debt to equity ratio has increased from 3.9% to 32.5% over the past 5 years.

Debt Coverage: PHK's debt is well covered by operating cash flow (54.4%).

Interest Coverage: PHK is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Dividend

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

8.93%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: PHK's dividend (8.93%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: PHK's dividend (8.93%) is in the top 25% of dividend payers in the US market (3.64%)


Stability and Growth of Payments

Stable Dividend: PHK's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: PHK is paying a dividend but the company is unprofitable.


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?

10.8yrs

Average board tenure


CEO

PIMCO High Income Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Alan Rappaport
Independent Trustee10.75yrsUS$10.64kno data
Deborah DeCotis
Independent Trustee10yrsUS$10.64kno data
Hans Kertess
Chairman14.17yrsUS$13.86kno data
John Maney
14.25yrsno datano data
Craig Dawson
6.5yrsno datano data
Bradford Gallagher
Independent Trustee10.25yrsUS$10.64kno data
James Jacobson
Independent Trustee11.25yrsUS$12.78kno data

10.8yrs

Average Tenure

68yo

Average Age

Experienced Board: PHK's board of directors are seasoned and experienced ( 10.8 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 High Income Fund's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PIMCO High Income Fund
  • Ticker: PHK
  • Exchange: NYSE
  • Founded: 2003
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$852.127m
  • Shares outstanding: 132.11m
  • Website: https://www.allianzinvestors.com/products/pages/13.aspx

Location

  • PIMCO High Income Fund
  • 650 Newport Center Drive
  • Newport Beach
  • California
  • 92660
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PHKNYSE (New York Stock Exchange)YesCommon StockUSUSDApr 2003

Biography

PIMCO High Income 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. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 23:33
End of Day Share Price2021/03/05 00:00
Earnings2020/07/31
Annual Earnings2020/07/31


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.