US · HPS
John Hancock Preferred Income Fund III
- Sector
- Financial Services · Asset Management - Income
- Headquarters
- Boston, MA 02210-2805
- Website
- jhinvestments.com
Price · as of 2025-07-31
$14.83
Market cap 474.6M
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $28.51 | +92.25% |
| Intrinsic Value(DCF) | $19.40 | +30.82% |
| Graham-Dodd Method(GD) | $1.37 | -90.74% |
| Graham Formula(GF) | — | — |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | |||||
| 2012 | |||||
| 2013 | $5.92 | ||||
| 2014 | $6.72 | $15.01 | $0.17 | $7.93 | $13.01 |
| 2015 | $7.24 | $23.94 | $0.00 | $5.70 | $13.07 |
| 2016 | $8.75 | $23.59 | $3.03 | $11.06 | $12.63 |
| 2017 | $9.38 | $21.91 | $12.73 | $2.30 | $0.00 |
| 2018 | $9.84 | $21.70 | $12.25 | $0.72 | $0.00 |
| 2019 | $11.18 | $31.68 | $0.00 | $4.17 | $108.37 |
| 2020 | $10.32 | $17.98 | $0.00 | $0.00 | $202.36 |
| 2021 | $12.98 | $108.79 | $7.36 | $16.03 | |
| 2022 | $11.09 | $20.35 | $0.00 | $0.00 | $124.89 |
| 2023 | $10.28 | $18.51 | $0.00 | $0.00 | |
| 2024 | $14.89 | $56.32 | $20.82 | $5.48 | |
| 2025 | $14.71 | $28.51 | $21.87 | $1.37 | $0.00 |
AI valuation
Our deep-learning model estimates John Hancock Preferred Income Fund III's (HPS) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $28.51
- Current price
- $14.83
- AI upside
- +92.25%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$19.40
+30.82% upside
Graham-Dodd
$1.37
-90.74% upside
Graham Formula
—
— upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| HPS | John Hancock Preferred In… | $14.83 | 474.6M | +92% | +31% | -91% | — | 12.13 | 1.03 | 10.20 | 13.85 | — | 1.03 | 87.72% | 115.96% | 84.07% | 8.47% | 7.33% | 5.29% | 0.60 | — | 9.41 | 8.25 | 5.11 | -4098.00% | -1062.00% | -2242.00% | 7.33% | 28.50 | 4.73% | 8.60% | 104.30% | 8.60% | 13.85 | 21.48 | 16.06 | 1.15 |
| BLE | BlackRock Municipal Incom… | $10.54 | 503.04M | +3,324% | +642% | -29% | — | 17.49 | 0.84 | 17.48 | — | — | 0.84 | 100.00% | 99.96% | 99.96% | 4.79% | 3.23% | 3.08% | 0.46 | 2.11 | 0.20 | 0.17 | — | -105082.00% | -195763.00% | 19951.00% | 21.78% | 0.91 | 12.30% | 4.92% | 86.10% | 55.35% | 26.92 | 7.07 | 26.91 | 0.90 |
| BLW | BlackRock Limited Duratio… | $13.66 | 522.26M | +303% | -57% | -91% | -92% | 10.48 | 0.92 | 8.91 | 17.93 | — | 0.92 | 90.74% | 118.05% | 85.01% | 8.84% | 7.68% | 5.33% | 0.66 | 3.58 | 0.13 | 1.03 | 7.46 | -3167.00% | -756.00% | -17081.00% | -5.81% | -1.62 | -3.37% | 9.79% | 102.70% | 9.79% | 12.91 | -29.46 | 15.25 | 0.90 |
| DFP | Flaherty & Crumrine Dynam… | $21.72 | 446.09M | +40% | -38% | -51% | -22% | 11.50 | 0.95 | 9.57 | 13.47 | — | 0.95 | 89.81% | 114.82% | 83.29% | 8.30% | 7.28% | 5.18% | 0.59 | 3.64 | 5.69 | 9.08 | 5.13 | -5276.00% | 96.00% | 308.00% | 6.28% | 23.85 | 3.81% | 6.69% | 76.90% | 6.69% | 13.47 | 25.71 | 15.46 | 1.21 |
| FFA | First Trust Enhanced Equi… | $21.88 | 437.34M | +967% | -49% | +83% | +16,207% | 4.93 | 0.88 | 4.89 | 4.84 | 33.97 | 0.88 | 100.00% | 99.33% | 99.33% | 18.95% | 19.21% | 18.79% | 0.00 | — | 6.96 | 7.57 | -0.09 | 1450.00% | 97810.00% | — | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 0.62% | 4.84 | — | 4.81 | 124.74 |
| FTHY | First Trust High Yield Op… | $13.90 | 511.14M | +6,550% | — | — | — | — | — | — | — | — | — | 84.95% | 83.65% | 83.65% | 8.15% | 6.48% | 6.31% | 0.28 | 5.56 | 0.65 | 0.65 | 3.45 | -10000.00% | -115.00% | -3883.00% | — | 1.05 | 4.31% | — | 123.30% | — | — | — | — | — |
| HPF | John Hancock Preferred In… | $16.15 | 349.17M | +90% | +41% | -93% | -46% | 11.84 | 1.01 | 9.11 | — | — | 1.01 | 100.00% | 88.23% | 76.90% | 8.55% | 6.13% | 5.32% | 0.60 | — | 5.31 | 4.43 | — | -4087.00% | -187.00% | -929.00% | 8.78% | 25.22 | 5.55% | 8.91% | 105.60% | 8.91% | 16.45 | 18.14 | 14.51 | 1.08 |
| IQI | Invesco Quality Municipal… | $10.17 | 537.83M | +150% | +18% | -40% | — | 23.66 | 0.83 | 14.59 | 28.02 | — | 0.83 | 63.43% | 61.65% | 61.65% | 3.44% | 2.61% | 2.31% | 0.15 | 1.69 | 5.88 | 5.88 | 4.35 | -5566.00% | -2838.00% | 25.00% | 10.96% | 34.04 | 6.78% | 4.90% | 115.90% | 55.59% | 28.02 | 10.80 | 17.27 | 1.08 |
| VVR | Invesco Senior Income Tru… | $3.09 | 475.63M | +690% | -13% | — | — | 12.26 | 0.83 | 7.57 | 17.15 | — | 0.83 | 67.50% | 61.73% | 61.73% | 6.59% | 4.61% | 4.06% | 0.35 | 1.90 | 1.15 | 1.15 | 4.89 | -4304.00% | -3155.00% | -888.00% | 13.80% | 1.48 | 7.81% | 13.37% | 164.00% | 41.04% | 17.15 | 10.13 | 10.59 | 0.58 |
About John Hancock Preferred Income Fund III
John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in preferred securities or other fixed-income securities rated investment grade or higher by Moody's or Standard & Poor's. It benchmarks the performance of its portfolio against the Bank of America Merrill Lynch Hybrid Preferred Securities Index and Barclays U.S. Aggregate Bond Index. John Hancock Preferred Income Fund III was formed on June 19, 2003 and is domiciled in the United States.
- CEO
- Joseph H. Bozoyan
- Employees
- 0
- Beta
- 0.73
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($19.40 ÷ $14.83) − 1 = +30.82% (DCF, example).