| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
RCS Stock Overview
PIMCO Strategic Global Government Fund, Inc.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$6.65 |
| 52 Week High | US$8.23 |
| 52 Week Low | US$6.54 |
| Beta | 0.80 |
| 1 Month Change | -0.45% |
| 3 Month Change | -10.38% |
| 1 Year Change | -2.49% |
| 3 Year Change | -32.42% |
| 5 Year Change | -27.08% |
| Change since IPO | -46.80% |
Recent News & Updates
RCS: I Still Can't Be Tempted
RCS has seen a flat return in the past four months, while other risk-on assets have performed well. The fund still sports a very expensive premium to NAV. This makes me reluctant to recommend buying at these levels. Agency MBS remain a large portion of the portfolio, which helps limit fund volatility. However, Fed tapering could uniquely pressure this sector in the short term.
RCS: Changing Make-Up, High Premium, Still A Mixed Case
RCS has continued to move higher in the short term, supported by an improving credit market and an 8% income stream. The fund's premium has got to levels that I personally would avoid, but many PIMCO investors seem very willing to pay these prices. The fund has gotten more diversified in 2021, which is generally a good thing. The trade-off is less agency MBS exposure, which I personally find very attractive.
PIMCO Strategic Income Fund declares $0.051 dividend
PIMCO Strategic Income Fund (RCS) declares $0.051/share monthly dividend, in line with previous.Forward yield 7.93%Payable June 1; for shareholders of record May 13; ex-div May 12.See RCS Dividend Scorecard, Yield Chart, & Dividend Growth.
PIMCO Strategic Income Fund declares $0.051 dividend
PIMCO Strategic Income Fund (RCS) declares $0.051/share monthly dividend, in line with previous.Forward yield 8.86%Payable Feb. 1; for shareholders of record Jan. 14; ex-div Jan. 13.See RCS Dividend Scorecard, Yield Chart, & Dividend Growth.
PIMCO Strategic Income Fund declares $0.051 dividend
PIMCO Strategic Income Fund (RCS) declares $0.051/share monthly dividend, in line with previous.Forward yield 8.72%Payable Jan. 4; for shareholders of record Dec. 11; ex-div Dec. 10.See RCS Dividend Scorecard, Yield Chart, & Dividend Growth.
PIMCO Strategic Income Fund declares $0.051 dividend
PIMCO Strategic Income Fund (RCS) declares $0.051/share monthly dividend, in line with previous.Forward yield 9.93%Payable Dec. 1; for shareholders of record Nov. 12; ex-div Nov. 10.See RCS Dividend Scorecard, Yield Chart, & Dividend Growth.
Shareholder Returns
| RCS | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -2.8% | -1.6% | -0.5% |
| 1Y | -2.5% | 30.2% | 13.7% |
Return vs Industry: RCS underperformed the US Capital Markets industry which returned 30.2% over the past year.
Return vs Market: RCS underperformed the US Market which returned 13.7% over the past year.
Price Volatility
| RCS volatility | |
|---|---|
| RCS Average Weekly Movement | 2.9% |
| 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: RCS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: RCS's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1994 | n/a | n/a | https://www.allianzinvestors.com/Products/pages/373.aspx |
PIMCO Strategic Global Government 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 invests in fixed income markets across the globe.
PIMCO Strategic Income Fund Fundamentals Summary
| RCS fundamental statistics | |
|---|---|
| Market Cap | US$291.51m |
| Earnings (TTM) | US$53.85m |
| Revenue (TTM) | US$29.30m |
5.4x
P/E Ratio10.0x
P/S RatioIs RCS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RCS income statement (TTM) | |
|---|---|
| Revenue | US$29.30m |
| Cost of Revenue | US$0 |
| Gross Profit | US$29.30m |
| Expenses | -US$24.55m |
| Earnings | US$53.85m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.23 |
| Gross Margin | 100.00% |
| Net Profit Margin | 183.81% |
| Debt/Equity Ratio | 81.3% |
How did RCS perform over the long term?
See historical performance and comparisonDividends
9.2%
Current Dividend Yield50%
Payout RatioValuation
Is PIMCO Strategic Income Fund undervalued compared to its fair value and its price relative to the market?
5.41x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RCS ($6.65) is trading above our estimate of fair value ($3.68)
Significantly Below Fair Value: RCS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RCS is good value based on its PE Ratio (5.4x) compared to the US Capital Markets industry average (15.9x).
PE vs Market: RCS 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 RCS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RCS is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (42.4x).
Future Growth
How is PIMCO Strategic 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 Strategic 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 Strategic Income Fund performed over the past 5 years?
-5.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RCS has a large one-off gain of $28.6M impacting its June 30 2021 financial results.
Growing Profit Margin: RCS became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: RCS's earnings have declined by 5% per year over the past 5 years.
Accelerating Growth: RCS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: RCS 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: RCS's Return on Equity (18.5%) is considered low.
Financial Health
How is PIMCO Strategic Income Fund's financial position?
Financial Position Analysis
Short Term Liabilities: RCS's short term assets ($517.8M) do not cover its short term liabilities ($974.4M).
Long Term Liabilities: RCS's short term assets ($517.8M) exceed its long term liabilities ($2.0M).
Debt to Equity History and Analysis
Debt Level: RCS's net debt to equity ratio (79.8%) is considered high.
Reducing Debt: RCS's debt to equity ratio has reduced from 124.4% to 81.3% over the past 5 years.
Debt Coverage: RCS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RCS earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is PIMCO Strategic Income Fund current dividend yield, its reliability and sustainability?
9.20%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RCS's dividend (9.2%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: RCS's dividend (9.2%) is in the top 25% of dividend payers in the US market (3.44%)
Stability and Growth of Payments
Stable Dividend: RCS's dividend payments have been volatile in the past 10 years.
Growing Dividend: RCS's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.5%), RCS'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?
12.1yrs
Average board tenure
CEO
PIMCO Strategic Income Fund has no CEO, or we have no data on them.
Board Members
Experienced Board: RCS'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
PIMCO Strategic Income Fund, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: PIMCO Strategic Income Fund, Inc.
- Ticker: RCS
- Exchange: NYSE
- Founded: 1994
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$291.513m
- Shares outstanding: 43.84m
- Website: https://www.allianzinvestors.com/Products/pages/373.aspx
Location
- PIMCO Strategic Income Fund, Inc.
- 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 23:21 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.