Loading...

Credit Suisse High Yield Bond Fund

AMEX:DHY
Snowflake Description

Imperfect balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DHY
AMEX
$263M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Credit Suisse High Yield Bond Fund, Inc. is a closed ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The last earnings update was 106 days ago. More info.


Add to Portfolio Compare Print
  • Credit Suisse High Yield Bond Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
DHY Share Price and Events
7 Day Returns
2%
AMEX:DHY
-0.2%
US Capital Markets
-0.1%
US Market
1 Year Returns
-4.2%
AMEX:DHY
-6.8%
US Capital Markets
7.6%
US Market
DHY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Credit Suisse High Yield Bond Fund (DHY) 2% 4.1% 11.9% -4.2% 10.9% -20.9%
US Capital Markets -0.2% 7.5% 4.2% -6.8% 53.7% 71.5%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • DHY outperformed the Capital Markets industry which returned -6.8% over the past year.
  • DHY underperformed the Market in United States of America which returned 7.6% over the past year.

DHY Value

 Is Credit Suisse High Yield Bond Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Credit Suisse High Yield Bond Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Credit Suisse High Yield Bond Fund.

AMEX:DHY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $2.62 * 6.6%
$0.17
Book Value of Equity per Share Median Book Value from the past 5 years. $2.62
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:DHY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.727 (1 + (1- 21%) (55.28%))
1.03
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.03 * 5.96%)
8.87%

Discounted Cash Flow Calculation for AMEX:DHY using Excess Returns Model Model

The calculations below outline how an intrinsic value for Credit Suisse High Yield Bond Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AMEX:DHY Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.6% – 8.87%) * $2.62)
$-0.06
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.06 / (8.87% - 2.73%)
$-0.97
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $2.62 + $-0.97
$1.65
AMEX:DHY Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.65
Current discount Discount to share price of $2.54
= -1 x ($2.54 - $1.65) / $1.65
-54.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Credit Suisse High Yield Bond Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Credit Suisse High Yield Bond Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Credit Suisse High Yield Bond Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:DHY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in USD $0.02
AMEX:DHY Share Price ** AMEX (2019-04-23) in USD $2.54
United States of America Capital Markets Industry PE Ratio Median Figure of 87 Publicly-Listed Capital Markets Companies 30.49x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Credit Suisse High Yield Bond Fund.

AMEX:DHY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:DHY Share Price ÷ EPS (both in USD)

= 2.54 ÷ 0.02

103.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Credit Suisse High Yield Bond Fund is overvalued based on earnings compared to the US Capital Markets industry average.
  • Credit Suisse High Yield Bond Fund is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Credit Suisse High Yield Bond Fund's expected growth come at a high price?
Raw Data
AMEX:DHY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 103.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 2.66x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Credit Suisse High Yield Bond Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Credit Suisse High Yield Bond Fund's assets?
Raw Data
AMEX:DHY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in USD $2.57
AMEX:DHY Share Price * AMEX (2019-04-23) in USD $2.54
United States of America Capital Markets Industry PB Ratio Median Figure of 169 Publicly-Listed Capital Markets Companies 7.74x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
AMEX:DHY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:DHY Share Price ÷ Book Value per Share (both in USD)

= 2.54 ÷ 2.57

0.99x

* Primary Listing of Credit Suisse High Yield Bond Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Credit Suisse High Yield Bond Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Credit Suisse High Yield Bond Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Credit Suisse High Yield Bond Fund has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DHY Future Performance

 How is Credit Suisse High Yield Bond Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 High Yield Bond 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Credit Suisse High Yield Bond Fund expected to grow at an attractive rate?
  • Unable to compare Credit Suisse High Yield Bond Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Credit Suisse High Yield Bond Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Credit Suisse High Yield Bond Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:DHY Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:DHY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:DHY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-10-31 29 23 3
2018-07-31 29 14 10
2018-04-30 29 6 18
2018-01-31 29 5 31
2017-10-31 29 4 45
2017-07-31 29 9 56
2017-04-30 29 15 66
2017-01-31 29 34 47
2016-10-31 30 53 28
2016-07-31 30 53 2
2016-04-30 30 53 -24
2016-01-31 31 49 -18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Credit Suisse High Yield Bond Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Credit Suisse High Yield Bond Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:DHY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Credit Suisse High Yield Bond Fund Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:DHY Past Financials Data
Date (Data in USD Millions) EPS *
2018-10-31 0.02
2018-07-31 0.10
2018-04-30 0.17
2018-01-31 0.30
2017-10-31 0.44
2017-07-31 0.54
2017-04-30 0.66
2017-01-31 0.47
2016-10-31 0.28
2016-07-31 0.02
2016-04-30 -0.24
2016-01-31 -0.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Credit Suisse High Yield Bond Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Credit Suisse High Yield Bond Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Credit Suisse High Yield Bond Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DHY Past Performance

  How has Credit Suisse High Yield Bond Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Credit Suisse High Yield Bond Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Credit Suisse High Yield Bond Fund's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Credit Suisse High Yield Bond Fund's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Credit Suisse High Yield Bond Fund's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Credit Suisse High Yield Bond Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Credit Suisse High Yield Bond Fund Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:DHY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 29.13 2.53 3.95
2018-07-31 29.15 10.03 3.94
2018-04-30 29.17 17.53 3.92
2018-01-31 28.86 31.34 3.86
2017-10-31 28.54 45.15 3.81
2017-07-31 28.81 55.78 3.75
2017-04-30 29.07 66.42 3.70
2017-01-31 29.34 46.98 3.62
2016-10-31 29.60 27.55 3.55
2016-07-31 29.99 1.94 3.58
2016-04-30 30.38 -23.67 3.62
2016-01-31 31.01 -18.30 3.75
2015-10-31 31.64 -12.93 3.89
2015-07-31 31.80 -3.87 3.97
2015-04-30 31.96 5.19 4.05
2015-01-31 32.38 13.08 4.10
2014-10-31 32.79 20.97 4.14
2014-07-31 33.47 24.59 4.13
2014-04-30 34.15 28.21 4.13
2014-01-31 34.09 33.49 4.02
2013-10-31 34.02 38.77 3.92
2013-07-31 33.40 43.04 3.79
2013-04-30 32.77 47.30 3.66
2013-01-31 31.38 43.90 3.51
2012-10-31 30.00 40.49 3.36
2012-07-31 29.00 27.58 3.28
2012-04-30 28.00 14.67 3.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Credit Suisse High Yield Bond Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Credit Suisse High Yield Bond Fund used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Credit Suisse High Yield Bond Fund's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Credit Suisse High Yield Bond Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Credit Suisse High Yield Bond Fund has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DHY Health

 How is Credit Suisse High Yield Bond Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Credit Suisse High Yield Bond Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Credit Suisse High Yield Bond Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Credit Suisse High Yield Bond Fund's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Credit Suisse High Yield Bond Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Credit Suisse High Yield Bond Fund Company Filings, last reported 5 months ago.

AMEX:DHY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 266.23 145.30 6.79
2018-07-31 266.23 145.30 6.79
2018-04-30 279.20 152.80 0.53
2018-01-31 279.20 152.80 0.53
2017-10-31 287.97 125.36 0.47
2017-07-31 287.97 125.36 0.47
2017-04-30 278.79 128.12 0.25
2017-01-31 278.79 128.12 0.25
2016-10-31 261.61 112.19 1.11
2016-07-31 261.61 112.19 1.11
2016-04-30 239.63 120.01 0.63
2016-01-31 239.63 120.01 0.63
2015-10-31 262.12 134.77 0.41
2015-07-31 262.12 134.77 0.41
2015-04-30 292.01 146.16 2.47
2015-01-31 292.01 146.16 2.47
2014-10-31 302.74 152.10 0.80
2014-07-31 302.74 152.10 0.80
2014-04-30 310.01 143.01 0.39
2014-01-31 310.01 143.01 0.39
2013-10-31 304.79 152.20 0.00
2013-07-31 304.79 152.20 0.00
2013-04-30 308.64 117.21 1.11
2013-01-31 308.64 117.21 1.11
2012-10-31 276.72 126.01 1.44
2012-07-31 276.72 126.01 1.44
2012-04-30 241.76 112.77 0.61
  • Credit Suisse High Yield Bond Fund's level of debt (54.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (49.9% vs 54.6% today).
  • Debt is not well covered by operating cash flow (15.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.6x coverage).
X
Financial health checks
We assess Credit Suisse High Yield Bond Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Credit Suisse High Yield Bond Fund has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DHY Dividends

 What is Credit Suisse High Yield Bond Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.84%
Current annual income from Credit Suisse High Yield Bond Fund dividends.
If you bought $2,000 of Credit Suisse High Yield Bond Fund shares you are expected to receive $197 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Credit Suisse High Yield Bond Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Credit Suisse High Yield Bond Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:DHY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:DHY Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-07 0.250 10.450
2018-01-05 0.270 10.511
2017-01-04 0.280 10.014
2016-01-06 0.290 12.237
2015-01-06 0.290 11.393
2014-01-07 0.320 10.212
2013-03-01 0.320 10.148
2013-01-04 0.320 9.810
2012-01-18 0.320 10.134
2012-01-04 0.320 10.959
2011-01-04 0.320 10.550
2010-01-04 0.340 11.430
2009-04-24 0.410 16.621

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Credit Suisse High Yield Bond Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Credit Suisse High Yield Bond Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Credit Suisse High Yield Bond Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Credit Suisse High Yield Bond Fund has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DHY Management

 What is the CEO of Credit Suisse High Yield Bond Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Popp
AGE 62
TENURE AS CEO 9.3 years
CEO Bio

Mr. John G. Popp has been Chief Executive Officer and President at Credit Suisse Corporate Credit Solutions LLC and Credit Suisse Park View BDC Inc. since August 2014. Mr. Popp has been the Chief Executive Officer and President of Credit Suisse Asset Management Income Fund Inc. and Credit Suisse open-end funds since 2010. Mr. Popp serves as the Managing Director at Credit Suisse Asset Management, LLC. He serves as the Head of the Leveraged Investments Group in Alternative Investments. He has been President and Chief Executive Officer of the Credit Suisse High Yield Bond Fund since 2010. He serves as Portfolio Manager of The KP Funds - KP Fixed Income Fund, Evolve Active Floating Rate Loan ETF and Credit Suisse Opportunity Funds - Credit Suisse Floating Rate High Income Fund. He served as Managing Director and President at Credit Suisse Trust - U.S. Equity Flex I Portfolio. From 1992 to 1997, Mr. Popp was a Managing Director of Indosuez Capital and also served as President of Indosuez Capital Asset Advisors, Inc., and President of 1211 Investors, Inc. While at Indosuez, Mr. Popp was responsible for building Indosuez's asset management business, including the development of three CLO vehicles. Mr. Popp has also previously served as Senior Vice President in the Corporate Finance Department of Kidder Peabody & Co., Inc. and as Vice President in the Mergers and Acquisitions department of Drexel Burnham Lambert. He Co-Founded First Dominion Capital, L.L.C. in 1997 and served as its Executive Officer. Mr. Popp was a Founding Partner and Head of Asset Management for First Dominion Capital, LLC from 1997 to September 2000. He has been a Director of Credit Suisse Corporate Credit Solutions LLC and Credit Suisse Park View BDC Inc. since 2014. He has been a Director of Credit Suisse Asset Management Income Fund, Inc since February 12, 2013. He has been a Trustee of Credit Suisse High Yield Bond Fund since December 01, 2012. Mr. Popp also served as a Member on the Managing Director Evaluation Committee (MDEC) during 2005, 2007 and 2008 at Credit Suisse Asset Management. He is a council member of The Brookings Institution and a member of The Juilliard School Council. Mr. Popp holds a B.A. in History from Pomona College and an M.B.A. in Finance and Marketing from The Wharton School of the University of Pennsylvania.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

John Popp

TITLE
Chief Executive Officer
AGE
62
TENURE
9.3 yrs

Bruce Rosenberg

TITLE
Chief Financial Officer
AGE
57

Tom Flannery

TITLE
Managing Director and Portfolio Manager
AGE
44

Emidio Morizio

TITLE
Chief Compliance Officer
AGE
52

Joanne Doldo

TITLE
Chief Legal Officer
AGE
59

Karen Regan

TITLE
Senior Vice President and Secretary
AGE
55

Rocco DelGuercio

TITLE
Treasurer
AGE
55

Wing Chan

TITLE
Director and Portfolio Manager
Board of Directors Tenure

Average tenure and age of the Credit Suisse High Yield Bond Fund board of directors in years:

13.3
Average Tenure
72.5
Average Age
  • The average tenure for the Credit Suisse High Yield Bond Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Steven Rappaport

TITLE
Chairman
COMPENSATION
$30K
AGE
70
TENURE
7.3 yrs

John Popp

TITLE
Chief Executive Officer
AGE
62
TENURE
6.3 yrs

Enrique Arzac

TITLE
Non Interested Trustee
COMPENSATION
$27K
AGE
77
TENURE
18.3 yrs

Lawrence Fox

TITLE
Non-Interested Trustee
COMPENSATION
$25K
AGE
75
TENURE
18.3 yrs

James Cattano

TITLE
Non-Interested Trustee
COMPENSATION
$25K
AGE
75
TENURE
13.3 yrs

Terry Bovarnick

TITLE
Non-Interested Trustee
COMPENSATION
$25K
AGE
60
TENURE
13.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Jan 19 Sell Credit Suisse, Investment Banking and Securities Investments Company 04. Jan 19 04. Jan 19 -96,450 $2.19 $-211,226
X
Management checks
We assess Credit Suisse High Yield Bond Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Credit Suisse High Yield Bond Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DHY News

Simply Wall St News

DHY Company Info

Description

Credit Suisse High Yield Bond 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 invests in the securities of companies across diversified sectors. The fund primarily invests in below-investment-grade corporate bonds with an average credit quality lower than BBB by Standard & Poor’s and an average duration of 5.07 years. It focuses factors like financial condition, cash flow and borrowing requirements, value of assets in relation to cost, strength of management, responsiveness to business conditions, credit standing and anticipated results of operations to make its investments. The fund benchmarks the performance of its portfolio against the BofA Merrill Lynch High Yield Master II Constrained Index. Credit Suisse High Yield Bond Fund, Inc. was formed on July 31, 1998 and is domiciled in the United States.

Details
Name: Credit Suisse High Yield Bond Fund, Inc.
DHY
Exchange: AMEX
Founded: 1998
$262,833,538
103,477,771
Website: http://www.us-fund.credit-suisse.com/index.cfm?nav=funds&fundid=5&tab=5
Address: Credit Suisse High Yield Bond Fund, Inc.
One Madison Avenue,
New York,
New York, 10010-3629,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX DHY Common Stock NYSE MKT LLC US USD 28. Jul 1998
Number of employees
Current staff
Staff numbers
0
Credit Suisse High Yield Bond Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 23:51
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2019/01/07
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.