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PHK

PIMCO High Income Fund NYSE:PHK Stock Report

Last Price

US$5.59

Market Cap

US$738.5m

7D

-0.4%

1Y

-17.4%

Updated

25 May, 2022

Data

Company Financials
PHK fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends3/6

PHK Stock Overview

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

PIMCO High Income Fund Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for PIMCO High Income Fund
Historical stock prices
Current Share PriceUS$5.59
52 Week HighUS$7.09
52 Week LowUS$5.33
Beta0.73
1 Month Change-3.62%
3 Month Change-1.59%
1 Year Change-17.43%
3 Year Change-28.06%
5 Year Change-37.05%
Change since IPO-62.78%

Recent News & Updates

Nov 24

PHK: Some Positive Attributes, If You Are Willing To Pay A Premium

PHK has been a relatively weak performer over the longer term, so readers were right to approach this fund cautiously. After a recent sell-off, there is certainly a buy case to be made, although I would reiterate this is not a CEF for the risk averse. Income metrics are not very strong, and a premium price is still present. Yet, the premium is lower than it has been in the past. Also, the duration is reasonable, driven by below investment grade holdings. With yields likely to go up in 2022, this managed duration approach is attractive.

Aug 29

PHK: A Solid Income Fund But Extremely Expensive

Investors have been struggling to generate income for a very long time due to the policies of the Federal Reserve. PHK is a promising income fund from a respected manager that boasts a diversified high-yield portfolio. The portfolio does not appear to be very risky despite it containing junk bonds. The 8.46% yield appears to be sustainable, although its long-term track record is a bit discouraging. The fund is trading at an extremely high premium to net asset value so there are other funds out there with better valuations.

Jan 08

PHK And RCS: What's The Latest On PIMCO Taxable CEFs?

(This report was issued to members of Yield Hunting on December 22nd. All data is from that date.) PIMCO released the latest monthly update UNII report. As I've noted many, many times, this report gets more attention than it's worth. In reality, NAV movements and valuations are better indications. On the report itself, I think the FY to date numbers are the most important followed by calculating the net investment income on a monthly basis.

Jan 04

PIMCO High Income Fund declares $0.048 dividend

PIMCO High Income Fund (PHK) declares $0.048/share monthly dividend, in line with previous.Forward yield 9.47%Payable Feb. 1; for shareholders of record Jan. 14; ex-div Jan. 13.See PHK Dividend Scorecard, Yield Chart, & Dividend Growth.

Dec 02

PIMCO High Income Fund declares $0.048 dividend

PIMCO High Income Fund (PHK) declares $0.048/share monthly dividend, in line with previous.Forward yield 9.47%Payable Jan. 4; for shareholders of record Dec. 11; ex-div Dec. 10.See PHK Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

PHKUS Capital MarketsUS Market
7D-0.4%3.3%1.0%
1Y-17.4%-13.5%-15.1%

Return vs Industry: PHK underperformed the US Capital Markets industry which returned -14% over the past year.

Return vs Market: PHK underperformed the US Market which returned -13.2% over the past year.

Price Volatility

Is PHK's price volatile compared to industry and market?
PHK volatility
PHK Average Weekly Movement3.3%
Capital Markets Industry Average Movement0.4%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

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

Volatility Over Time: PHK's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/an/ahttps://www.allianzinvestors.com/products/pages/13.aspx

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. It invests in the public fixed income markets across the globe.

PIMCO High Income Fund Fundamentals Summary

How do PIMCO High Income Fund's earnings and revenue compare to its market cap?
PHK fundamental statistics
Market CapUS$738.51m
Earnings (TTM)US$197.61m
Revenue (TTM)US$83.14m

3.7x

P/E Ratio

8.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PHK income statement (TTM)
RevenueUS$83.14m
Cost of RevenueUS$0
Gross ProfitUS$83.14m
Other Expenses-US$114.47m
EarningsUS$197.61m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.50
Gross Margin100.00%
Net Profit Margin237.69%
Debt/Equity Ratio56.9%

How did PHK perform over the long term?

See historical performance and comparison

Dividends

10.3%

Current Dividend Yield

39%

Payout Ratio

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


17.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: PHK ($5.59) is trading below our estimate of fair value ($6.74)

Significantly Below Fair Value: PHK is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PHK is good value based on its Price-To-Earnings Ratio (3.7x) compared to the US Capital Markets industry average (29.6x).

PE vs Market: PHK is good value based on its Price-To-Earnings Ratio (3.7x) compared to the US market (14.9x).


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 overvalued based on its Price-To-Book Ratio (0.9x) compared to the US Capital Markets industry average (-18.8x).

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.8%

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?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-16.5%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: PHK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PHK's earnings have declined by 16.5% per year over the past 5 years.

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

Earnings vs Industry: PHK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (96.7%).


Return on Equity

High ROE: PHK's Return on Equity (23.2%) is considered high.

Financial Health

How is PIMCO High Income Fund's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PHK's short term assets ($113.6M) do not cover its short term liabilities ($519.0M).

Long Term Liabilities: PHK's short term assets ($113.6M) exceed its long term liabilities ($14.1M).


Debt to Equity History and Analysis

Debt Level: PHK's net debt to equity ratio (56%) is considered high.

Reducing Debt: PHK's debt to equity ratio has increased from 17.4% to 56.9% over the past 5 years.

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

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


Balance Sheet

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


10.30%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PHK's dividend (10.3%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: PHK's dividend (10.3%) is in the top 25% of dividend payers in the US market (4.06%)


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (39%), PHK's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.

Management

How experienced are the management team and are they aligned to shareholders interests?

11.9yrs

Average board tenure


CEO

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


Board Members

Experienced Board: PHK's board of directors are seasoned and experienced ( 11.9 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 employee growth, exchange listings and data sources


Key Information


Location

  • PIMCO High Income 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 Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 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.