AMEX:CIK

Stock Analysis Report

Credit Suisse Asset Management Income Fund

Executive Summary

Credit Suisse Asset Management Income Fund, Inc.

Rewards


Snowflake Analysis


Similar Companies

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.


Market Performance


7 Day Return

15.0%

CIK

19.7%

US Capital Markets

12.5%

US Market


1 Year Return

-23.5%

CIK

-13.2%

US Capital Markets

-12.7%

US Market

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.


Shareholder returns

CIKIndustryMarket
7 Day15.0%19.7%12.5%
30 Day-22.2%-16.9%-14.7%
90 Day-26.1%-23.7%-21.5%
1 Year-16.6%-23.5%-11.5%-13.2%-10.9%-12.7%
3 Year-7.4%-28.1%6.8%0.7%12.6%5.4%
5 Year12.7%-26.5%32.7%20.3%31.9%17.5%

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

Valuation

Is Credit Suisse Asset Management Income Fund undervalued compared to its fair value and its price relative to the market?

>50%

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).

Future Growth

How is Credit Suisse Asset Management Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.9%

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.

Past Performance

How has Credit Suisse Asset Management Income Fund performed over the past 5 years?

27.8%

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.

Financial Health

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


Balance Sheet

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.

Dividend

What is Credit Suisse Asset Management Income Fund's current dividend yield, its reliability and sustainability?

11.34%

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.

Management

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

14.2yrs

Average board tenure


CEO

Credit Suisse Asset Management Income Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Lawrence Fox
Director30.17yrsUS$22.90kno data
Enrique Arzac
Director30.17yrsUS$24.90kno data
James Cattano
Director14.17yrsUS$21.40kno data
Steven Rappaport
Chairman8.17yrsUS$27.90kno data
Terry Bovarnick
Director14.17yrsUS$22.90kno data

14.2yrs

Average Tenure

76yo

Average Age

Experienced Board: CIK's board of directors are seasoned and experienced ( 14.2 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

Credit Suisse Asset Management Income Fund, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Credit Suisse Asset Management Income Fund, Inc.
  • One Madison Avenue
  • New York
  • New York
  • 10010-3629
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CIKAMEX (NYSE MKT LLC)YesCommon StockUSUSDApr 1987

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 02:13
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.