Share Price & News
How has Credit Suisse Asset Management Income Fund's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CIK's share price has been volatile over the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: CIK underperformed the US Capital Markets industry which returned -11.3% over the past year.
Return vs Market: CIK underperformed the US Market which returned -11.9% over the past year.
Price Volatility Vs. Market
How volatile is Credit Suisse Asset Management Income Fund's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Credit Suisse Asset Management Income Fund undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CIK ($2.38) is trading below our estimate of fair value ($5.33)
Significantly Below Fair Value: CIK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CIK is good value based on its PE Ratio (4.4x) compared to the Capital Markets industry average (33.2x).
PE vs Market: CIK is good value based on its PE Ratio (4.4x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CIK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CIK is good value based on its PB Ratio (0.7x) compared to the US Capital Markets industry average (7.1x).
How is Credit Suisse Asset Management Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Credit Suisse Asset Management 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.
How has Credit Suisse Asset Management Income Fund performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CIK has a large one-off gain of $14.6M impacting its December 31 2019 financial results.
Growing Profit Margin: CIK became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CIK's earnings have grown significantly by 27.8% per year over the past 5 years.
Accelerating Growth: CIK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CIK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (9.1%).
Return on Equity
High ROE: CIK's Return on Equity (15.5%) is considered low.
How is Credit Suisse Asset Management Income Fund's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: CIK has a low level of unsold assets or inventory.
Debt Coverage by Assets: CIK's debt is not covered by short term assets (assets are 0.3x debt).
Financial Institutions Analysis
Asset Level: CIK's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CIK has a sufficient allowance for bad loans.
Low Risk Liabilities: CIK reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CIK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CIK has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CIK has an appropriate level of bad loans.
What is Credit Suisse Asset Management Income Fund's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CIK's dividend (11.34%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: CIK's dividend (11.34%) is in the top 25% of dividend payers in the US market (5.49%)
Stability and Growth of Payments
Stable Dividend: CIK's dividends per share have been stable in the past 10 years.
Growing Dividend: CIK's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (50%), CIK's dividend payments are well 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Credit Suisse Asset Management Income Fund has no CEO, or we have no data on them.
Experienced Board: CIK's board of directors are seasoned and experienced ( 14.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Credit Suisse Asset Management Income Fund, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Credit Suisse Asset Management Income Fund, Inc.
- Ticker: CIK
- Exchange: AMEX
- Founded: 1987
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$124.486m
- Shares outstanding: 52.30m
- Website: https://us-fund.credit-suisse.com/index.cfm?nav=funds&fundid=4&tab=1
- Credit Suisse Asset Management Income Fund, Inc.
- One Madison Avenue
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CIK||AMEX (NYSE MKT LLC)||Yes||Common Stock||US||USD||Apr 1987|
Credit Suisse Asset Management Income Fund, Inc. is a closed-ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in high yield corporate debt such as bonds and debentures that are rated Baa or lower by Moody's or BBB or lower by S&P. The fund benchmarks the performance of its portfolio against the BofA Merrill Lynch US High Yield Master II Constrained Index. Credit Suisse Asset Management Income Fund, Inc. was formed on February 11, 1987 and is domiciled in the United States.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 02:13|
|End of Day Share Price||2020/03/27 00:00|
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.