US · PCF
High Income Securities Fund
- Sector
- Financial Services · Asset Management - Income
- Headquarters
- Boston, MA 02110
- Website
- putnam.com
Price · as of 2024-08-31
$5.73
Market cap 112.11M
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $25.61 | +346.95% |
| Intrinsic Value(DCF) | $2.36 | -58.81% |
| Graham-Dodd Method(GD) | $16.95 | +195.81% |
| Graham Formula(GF) | $9.62 | +67.94% |
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 |
|---|---|---|---|---|---|
| 2010 | |||||
| 2011 | |||||
| 2012 | $2.87 | ||||
| 2013 | $3.06 | $26.87 | $2.58 | $13.91 | $1.08 |
| 2014 | $3.25 | $32.60 | $5.31 | $15.60 | $0.00 |
| 2015 | $3.03 | $35.13 | $3.61 | $5.57 | $0.00 |
| 2016 | $3.33 | $43.33 | $4.04 | $11.42 | $0.00 |
| 2017 | $4.03 | $28.11 | $4.36 | $14.42 | $0.00 |
| 2018 | $4.35 | $33.23 | $5.14 | $12.04 | $0.00 |
| 2019 | $4.23 | $77.39 | $3.05 | $5.29 | $0.00 |
| 2020 | $4.26 | $29.85 | $0.81 | $4.45 | $1.07 |
| 2021 | $5.34 | $580.31 | $6.41 | $23.90 | $0.00 |
| 2022 | $4.70 | $53.29 | $0.00 | $6.99 | $0.00 |
| 2023 | $4.80 | $40.61 | $0.00 | $9.12 | $8.08 |
| 2024 | $5.90 | $25.61 | $2.20 | $16.95 | $9.62 |
AI valuation
Our deep-learning model estimates High Income Securities Fund's (PCF) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $25.61
- Current price
- $5.73
- AI upside
- +346.95%
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
$2.36
-58.81% upside
Graham-Dodd
$16.95
+195.81% upside
Graham Formula
$9.62
+67.94% 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 |
| PCF | High Income Securities Fu… | $5.73 | 112.11M | +347% | -59% | +196% | +68% | 5.81 | 0.50 | 13.63 | — | 2.91 | 0.50 | 100.00% | 81.97% | 234.56% | 10.60% | 3.70% | 10.50% | 0.00 | — | 0.87 | 0.87 | — | 20000.00% | 143.00% | — | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 0.00% | 16.63 | — | 13.63 | 29.08 |
| CCIF | Carlyle Credit Income Fun… | $3.37 | 71.3M | +1,240% | +156% | — | +361% | -15.03 | 0.69 | 17.62 | -15.74 | — | 0.69 | -67.98% | -117.29% | -117.29% | -4.85% | -4.78% | -3.05% | 0.05 | -0.70 | 54.31 | 53.54 | -0.71 | -18889.00% | -5928.00% | -5577.00% | -36.59% | -90.12 | -26.29% | 24.39% | -366.50% | 24.39% | -15.74 | -2.86 | 18.46 | 0.55 |
| CGO | Calamos Global Total Retu… | $12.67 | 124.51M | +979% | -36% | -20% | — | 5.18 | 0.90 | 8.10 | 6.74 | — | 0.90 | 86.61% | 175.51% | 156.55% | 18.27% | 13.94% | 12.18% | 0.44 | 9.59 | 0.00 | 2.20 | 2.12 | -3736.00% | -6333.00% | -8148.00% | -0.45% | -0.25 | -0.29% | 8.15% | 42.20% | 8.15% | 6.74 | -325.33 | 11.83 | 1.79 |
| IHD | Voya Emerging Markets Hig… | $7.09 | 125.75M | +2,269% | -8% | -81% | — | -4.05 | 0.63 | 21.68 | -4.11 | -1.04 | 0.63 | -526.27% | -532.83% | -535.74% | -13.42% | -13.37% | -13.32% | 0.00 | — | — | — | 0.01 | 38947.00% | -19506.00% | — | 0.00% | — | 0.00% | 0.00% | 0.00% | 0.00% | -4.05 | — | 21.60 | 55.46 |
| JLS | Nuveen Mortgage and Incom… | $18.43 | 100.93M | +154% | -63% | -73% | +125% | 7.00 | 0.88 | 6.94 | 8.00 | 10.86 | 0.88 | 89.56% | 116.00% | 99.18% | 12.83% | 11.28% | 9.56% | 0.31 | 6.90 | 80.18 | 131.07 | 2.08 | 6443.00% | 920.00% | -504.00% | 16.13% | 1112.11 | 10.89% | 10.40% | 72.80% | 16.43% | 8.00 | 8.29 | 9.28 | 2.04 |
| PGP | PIMCO Global StocksPLUS &… | $9.39 | 108.48M | +587% | +10,649% | -54% | +1,092% | 5.33 | 1.00 | 5.01 | 5.79 | 9.39 | 1.00 | 94.24% | 94.17% | 94.17% | 19.63% | 17.21% | 7.86% | 0.21 | 16.34 | 0.57 | 0.69 | 1.08 | 5670.00% | 6842.00% | -5143.00% | 7.51% | 0.08 | 6.88% | 9.42% | 50.20% | 9.42% | 5.79 | 14.48 | 5.45 | 0.34 |
About High Income Securities Fund
High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in both convertible bonds and convertible preferred stocks. The fund benchmarks the performance of its portfolio against a composite index comprising of 50% JPMorgan Developed High Yield Index and 50% BofA Merrill Lynch AllConvertibles Speculative Quality Index. The fund was formerly known as Putnam High Income Securities Fund High Income Securities Fund was formed on July 9, 1987 and is domiciled in the United States.
- CEO
- Andrew Dakos
- Employees
- 0
- Beta
- 0.69
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($2.36 ÷ $5.73) − 1 = -58.81% (DCF, example).