US · NIE
Virtus Equity & Convertible Income Fund
- Sector
- Financial Services · Asset Management - Income
- Headquarters
- New York City, NY 10019
- Website
- allianzinvestors.com
Price · as of 2020-01-31
$26.08
Market cap 703.81M
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $642.21 | +2,362.46% |
| Intrinsic Value(DCF) | $9.17 | -64.84% |
| Graham-Dodd Method(GD) | $44.30 | +69.87% |
| 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 |
|---|---|---|---|---|---|
| 2006 | |||||
| 2007 | |||||
| 2008 | $4.11 | ||||
| 2009 | $2.71 | $474.19 | $0.70 | $0.00 | $0.00 |
| 2010 | $4.36 | $144.42 | $12.12 | $92.88 | $0.00 |
| 2011 | $5.22 | $46.18 | $9.58 | $73.68 | $125.64 |
| 2012 | $5.07 | $68.37 | $9.69 | $17.48 | $0.00 |
| 2013 | $5.56 | $120.38 | $8.45 | $45.26 | $70.74 |
| 2014 | $6.34 | $28.82 | $9.26 | $54.36 | $195.03 |
| 2015 | $7.28 | $36.30 | $6.18 | $41.67 | $149.95 |
| 2016 | $6.95 | $80.89 | $6.67 | $4.56 | $3.23 |
| 2017 | $8.19 | $321.53 | $9.87 | $64.94 | $0.00 |
| 2018 | $9.60 | $111.51 | $0.00 | $46.96 | $2,674.36 |
| 2019 | $10.66 | $64.99 | $0.00 | $20.12 | $44.48 |
| 2020 | $10.37 | $642.21 | $2.68 | $44.30 |
AI valuation
Our deep-learning model estimates Virtus Equity & Convertible Income Fund's (NIE) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $642.21
- Current price
- $26.08
- AI upside
- +2,362.46%
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
$9.17
-64.84% upside
Graham-Dodd
$44.30
+69.87% 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 |
| NIE | Virtus Equity & Convertib… | $26.08 | 703.81M | +2,362% | -65% | +70% | — | 2.67 | 0.42 | 2.66 | — | — | 0.42 | 100.00% | 99.58% | 99.58% | 16.36% | 16.44% | 16.13% | 0.00 | — | 1.30 | 1.30 | — | -94348.00% | -100230.00% | -93887.00% | 37.42% | 15.66 | 16.44% | 0.00% | 0.00% | 0.00% | 2.67 | 2.67 | 2.66 | 25.82 |
| ACP | Abrdn Income Credit Strat… | $5.53 | 693.85M | +573% | +223% | — | — | 15.29 | 0.80 | 10.72 | 21.68 | — | 0.80 | 73.41% | 70.12% | 70.12% | 4.95% | 3.80% | 3.69% | 0.33 | 2.64 | 1.74 | 1.73 | 6.39 | -7500.00% | -2707.00% | -22233.00% | 16.04% | 5.31 | 9.32% | 19.62% | 299.90% | 19.62% | 21.68 | 8.84 | 15.20 | 0.76 |
| IGR | CBRE Global Real Estate I… | $4.97 | 752.46M | +323% | -7% | — | — | -11.87 | 0.90 | 15.38 | — | — | 0.90 | 100.00% | 73.26% | -129.53% | -6.86% | 2.77% | -4.88% | 0.48 | 1.57 | 4.78 | 4.78 | — | -14750.00% | -243.00% | -909.00% | 5.15% | 21.28 | 2.99% | 15.67% | -186.10% | 15.67% | 32.29 | 29.85 | 23.66 | 0.84 |
| JQC | Nuveen Credit Strategies … | $4.89 | 722.82M | +365% | -26% | — | +30% | 11.35 | 0.87 | 6.77 | 12.57 | — | 0.87 | 75.45% | 86.11% | 59.65% | 7.81% | 7.20% | 4.69% | 0.59 | — | 0.04 | 0.18 | 5.35 | -4028.00% | 681.00% | 1199.00% | 12.83% | 0.22 | 7.26% | 12.29% | 139.40% | 12.29% | 12.57 | 12.46 | 10.83 | 0.38 |
| LDP | Cohen & Steers Limited Du… | $21.32 | 619.97M | +439% | -64% | -39% | +12,301% | 6.54 | 0.88 | 6.88 | 8.21 | 5.51 | 0.88 | 90.93% | 128.44% | 105.22% | 13.81% | 11.36% | 9.09% | 0.49 | 5.55 | 11.57 | 18.98 | 3.02 | 11866.00% | 93480.00% | 2920.00% | 8.00% | 27.89 | 4.87% | 8.21% | 53.70% | 9.29% | 8.21 | 19.14 | 10.54 | 1.45 |
| MEGI | NYLI CBRE Global Infrastr… | $15.83 | 823.91M | +3,396% | — | — | — | — | — | — | — | — | — | 86.59% | 85.00% | 85.00% | 11.63% | 8.73% | 8.70% | 0.32 | 6.34 | 3.58 | 3.58 | 2.80 | — | 47703.00% | -2403.00% | — | 38.90 | 8.26% | — | 85.50% | — | — | — | — | — |
| PAXS | PIMCO Access Income Fund | $15.53 | 707.69M | +87% | — | — | — | 7.62 | 0.98 | 5.91 | 12.70 | 247.55 | 0.98 | 77.66% | 77.58% | 77.58% | 13.15% | 7.73% | 7.40% | 0.66 | 3.47 | 1.37 | 1.37 | 5.09 | 308.00% | -249.00% | 1591.00% | 14.76% | 5.63 | 8.69% | 10.91% | 83.10% | 17.10% | 12.70 | 11.30 | 9.86 | 0.95 |
| PCN | PIMCO Corporate & Income … | $12.58 | 900.25M | +345% | -31% | -82% | +363% | 8.77 | 1.05 | 8.51 | 8.53 | 60.39 | 1.05 | 97.20% | 97.04% | 97.04% | 13.11% | 12.36% | 10.98% | 0.07 | 34.61 | 0.62 | 2.10 | 0.54 | 1452.00% | 3449.00% | -20275.00% | 1.44% | 0.24 | 1.56% | 8.94% | 78.30% | 16.29% | 8.53 | 67.68 | 8.28 | 4.25 |
| PHK | PIMCO High Income Fund | $4.89 | 851.05M | +455% | -53% | -96% | +408% | 7.60 | 0.98 | 7.23 | 8.34 | 86.68 | 0.98 | 95.33% | 95.15% | 95.15% | 13.55% | 12.01% | 11.34% | 0.10 | 20.36 | 1.37 | 0.86 | 0.74 | 877.00% | 3337.00% | 3346.00% | 8.67% | 2.67 | 7.92% | 10.92% | 83.00% | 16.94% | 8.34 | 12.65 | 7.94 | 3.88 |
| WDI | Western Asset Diversified… | $13.98 | 724.59M | +66% | — | — | — | 9.47 | 0.85 | 7.01 | 14.45 | — | 0.85 | 75.76% | 74.09% | 74.09% | 8.85% | 6.14% | 5.96% | 0.46 | 3.06 | 2.98 | 2.98 | 4.98 | -4357.00% | -3654.00% | -300.00% | 13.34% | 10.41 | 7.75% | 13.66% | 129.30% | 13.77% | 14.45 | 11.44 | 10.71 | 1.04 |
About Virtus Equity & Convertible Income Fund
Virtus Equity & Convertible Income Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of companies. The fund also invests in income producing convertible securities. It employs fundamental analysis focusing on factors like above-average earnings growth, high return on invested capital, a healthy or improving balance sheet, strong competitive advantages, and development of new technologies to make its investments. The fund was formerly known as AGIC Equity & Convertible Income Fund. Virtus Equity & Convertible Income Fund was formed on Feb 27, 2007 and is domiciled in the United States.
- CEO
- Charles William Maher
- Employees
- 0
- Beta
- 1.06
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($9.17 ÷ $26.08) − 1 = -64.84% (DCF, example).