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FPF Stock Summary
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FPF
In the News
FPF: May Be Best To Pare Back Your Position Today (Rating Downgrade)
The First Trust Intermediate Duration Preferred & Income Fund offers a high yield of 9.57%, higher than many other preferred stock funds. The fund has outperformed major fixed-income indices and even the S&P 500 Index, which is impressive for a fixed-income fund. Investors should be cautious as the fund's recent gains may not be sustainable due to uncertainty around interest rate cuts and potential market correction.
FPF: A Reasonable Way To Profit From Falling Interest Rates
The First Trust Intermediate Duration Preferred & Income Fund aims to reduce duration risk and provide income for risk-averse investors. The fund has underperformed fixed-income indices but offers a higher yield, making it an attractive option for income-focused investors. The fund's portfolio consists primarily of preferred stocks and bonds, with a focus on the financial services sector.
The 'High-High-Low' Closed-End Fund Report, August 2023
Only funds with yields over 8%, coverage higher than 90%, and trading at a discount are considered. Top lists of discount, yield, DxY, and DxYxZ are given. The top DxYxZ funds from this month's report are HFRO, BANX, and FPF.
PCEF: A 9% Yield ETF With A Concerning Track Record
PCEF: A 9% Yield ETF With A Concerning Track Record
Preferreds Opportunity: Assessing The Carnage, What's Been Thrown Out With The Bathwater
Preferreds Opportunity: Assessing The Carnage, What's Been Thrown Out With The Bathwater
Preferred Closed-End Funds: Out Of The Frying Pan Into The Fire
Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferred CEFs spiraling.
FPF: Coming Under Pressure Due To A Potential Bank Run
First Trust Intermediate Duration Preferred & Income Fund is a fixed income closed-end fund. The CEF invests in preferred securities of banks, insurance companies and other industries.
CEF Weekly Review: Inverted Yield Curve And Low Leveraged Yield
We review CEF market valuation and performance through the fourth week of February and highlight recent market action. CEFs registered the third down week in a row as upside inflation surprises weigh on markets.
FPF: High-Yielding, Relatively Less Risky Preferred Securities Focused Fund
FPF has successfully achieved its objective of generating a strong and steady yield of almost 8 percent, followed by a double-digit average total return. FPF's investments are highly concentrated on fixed income securities issued by financial institutes like insurance companies, banks, capital market firms.
CEF Weekly Review: Unleveraged CEF Income Is Holding Up
We review CEF market valuation and performance through the first week of February and highlight recent market action. CEFs notched another good week with EM sectors underperforming.
FPF Financial details
FPF Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-10-31
Metric | History | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 3.28 | -0.13 | 3.83 | -4.95 | -0.36 | |
Net income per share | 3.26 | -0.15 | 3.8 | -4.98 | -0.39 | |
Operating cash flow per share | 1.56 | 2.4 | 0.09 | 3.42 | 1.35 | |
Free cash flow per share | 1.56 | 2.4 | 0.09 | 3.42 | 1.35 | |
Cash per share | 0.14 | 0.34 | 0.16 | 0 | 0.1 | |
Book value per share | 24.44 | 22.67 | 24.91 | 18.53 | 16.82 | |
Tangible book value per share | 24.44 | 22.67 | 24.91 | 18.53 | 16.82 | |
Share holders equity per share | 24.44 | 22.67 | 24.91 | 18.53 | 16.82 | |
Interest debt per share | 10.97 | 10.3 | 11.2 | 9.25 | 9.65 | |
Market cap | 1.46B | 1.31B | 1.54B | 994.31M | 863.27M | |
Enterprise value | 2.1B | 1.9B | 2.21B | 1.54B | 1.41B | |
P/E ratio | 7.38 | -143.73 | 6.66 | -3.29 | -36.72 | |
Price to sales ratio | 7.33 | -169.28 | 6.61 | -3.31 | -39.64 | |
POCF ratio | 15.42 | 8.98 | 277.31 | 4.79 | 10.56 | |
PFCF ratio | 15.42 | 8.98 | 277.31 | 4.79 | 10.56 | |
P/B Ratio | 0.99 | 0.95 | 1.02 | 0.88 | 0.85 | |
PTB ratio | 0.99 | 0.95 | 1.02 | 0.88 | 0.85 | |
EV to sales | 10.53 | -246.29 | 9.48 | -5.14 | -64.77 | |
Enterprise value over EBITDA | 9.67 | 23.47K | 9.31 | -5.32 | -60 | |
EV to operating cash flow | 22.16 | 13.06 | 397.3 | 7.44 | 17.26 | |
EV to free cash flow | 22.16 | 13.06 | 397.3 | 7.44 | 17.26 | |
Earnings yield | 0.14 | -0.01 | 0.15 | -0.3 | -0.03 | |
Free cash flow yield | 0.06 | 0.11 | 0 | 0.21 | 0.09 | |
Debt to equity | 0.44 | 0.45 | 0.45 | 0.49 | 0.54 | |
Debt to assets | 0.3 | 0.3 | 0.31 | 0.33 | 0.35 | |
Net debt to EBITDA | 2.94 | 7.34K | 2.81 | -1.89 | -23.28 | |
Current ratio | 1.43 | 2.61 | 6.76 | 9.4 | 5.52 | |
Interest coverage | 11.26 | 0.01 | 41.05 | -25.17 | -0.73 | |
Income quality | 0.48 | -16.01 | 0.02 | -0.69 | -3.48 | |
Dividend Yield | 0.07 | 0.07 | 0.06 | 0.09 | 0.09 | |
Payout ratio | 0.52 | -10.61 | 0.4 | -0.3 | -3.39 | |
Sales general and administrative to revenue | 0.01 | -0.17 | 0.01 | 0 | -0.06 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 42.34 | 8.75 | 46.15 | 45.54 | 12.11 | |
ROIC | 0.1 | 0 | 0.11 | -0.17 | -0.01 | |
Return on tangible assets | 0.09 | 0 | 0.11 | -0.18 | -0.01 | |
Graham Net | -10.58 | -10.03 | -10.68 | -8.82 | -8.88 | |
Working capital | 11.1M | 24.6M | 36.21M | 22.13M | 21.37M | |
Tangible asset value | 1.48B | 1.38B | 1.52B | 1.12B | 1.02B | |
Net current asset value | -634.9M | -604.01M | -641.83M | -529.17M | -533.55M | |
Invested capital | 0.44 | 0.45 | 0.45 | 0.49 | 0.54 | |
Average receivables | 26.37M | 24.07M | 26.08M | 28.67M | 22.42M | |
Average payables | 11.05M | 17.83M | 10.76M | 4.46M | 3.68M | |
Average inventory | 0 | 0 | 0 | 0 | 0 | |
Days sales outstanding | 52.71 | -914.83 | 51.38 | -29.83 | -339.92 | |
Days payables outstanding | 405.81 | 314.45 | 117.69 | 54.71 | 113.65 | |
Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
Receivables turnover | 6.92 | -0.4 | 7.1 | -12.24 | -1.07 | |
Payables turnover | 0.9 | 1.16 | 3.1 | 6.67 | 3.21 | |
Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
ROE | 0.13 | -0.01 | 0.15 | -0.27 | -0.02 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-10-31 for Q4
Metric | History | 2021-10-31 | 2022-04-30 | 2022-10-31 | 2023-04-30 | 2023-10-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 1.2 | 1.02 | 0.7 | -0.37 | 0.79 | |
Net income per share | 1.09 | -2.76 | -2.2 | -0.51 | 0.13 | |
Operating cash flow per share | 0.64 | 0.76 | 0.71 | 0.61 | 0.56 | |
Free cash flow per share | 0.64 | 0.76 | 0.71 | 0.61 | 0.56 | |
Cash per share | 0.16 | 0 | 0 | 0.01 | 0.1 | |
Book value per share | 24.93 | 21.4 | 18.47 | 17.29 | 16.77 | |
Tangible book value per share | 24.93 | 21.4 | 18.47 | 17.29 | 16.77 | |
Share holders equity per share | 24.93 | 21.4 | 18.47 | 17.29 | 16.77 | |
Interest debt per share | 11.16 | 10.12 | 9.17 | 9.18 | 9.37 | |
Market cap | 1.54B | 1.22B | 997.3M | 936.45M | 865.86M | |
Enterprise value | 2.21B | 1.84B | 1.55B | 1.48B | 1.41B | |
P/E ratio | 5.81 | -1.82 | -1.86 | -7.5 | 28.16 | |
Price to sales ratio | 21.07 | 19.68 | 23.39 | -41.2 | 18.01 | |
POCF ratio | 39.37 | 26.57 | 23.2 | 25.32 | 25.43 | |
PFCF ratio | 39.37 | 26.57 | 23.2 | 25.32 | 25.43 | |
P/B Ratio | 1.01 | 0.94 | 0.89 | 0.89 | 0.85 | |
PTB ratio | 1.01 | 0.94 | 0.89 | 0.89 | 0.85 | |
EV to sales | 30.19 | 29.53 | 36.27 | -65.07 | 29.39 | |
Enterprise value over EBITDA | 31.95 | -11.13 | -12.33 | -92.8 | 57.65 | |
EV to operating cash flow | 56.42 | 39.87 | 35.98 | 40 | 41.51 | |
EV to free cash flow | 56.42 | 39.87 | 35.98 | 40 | 41.51 | |
Earnings yield | 0.04 | -0.14 | -0.13 | -0.03 | 0.01 | |
Free cash flow yield | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | |
Debt to equity | 0.45 | 0.47 | 0.49 | 0.52 | 0.54 | |
Debt to assets | 0.31 | 0.32 | 0.33 | 0.34 | 0.35 | |
Net debt to EBITDA | 9.65 | -3.71 | -4.38 | -34.05 | 22.33 | |
Current ratio | 6.76 | 15.89 | 9.4 | 3.64 | 5.52 | |
Interest coverage | 24.36 | -52.25 | -14.96 | -1.04 | 1.46 | |
Income quality | 0.59 | -0.27 | -0.32 | -1.19 | 4.43 | |
Dividend Yield | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | |
Payout ratio | 0.7 | -0.28 | -0.33 | -1.3 | 5.11 | |
Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 24.71 | 36.48 | 30.23 | 14.12 | 6.91 | |
ROIC | 0.03 | -0.09 | -0.07 | -0.01 | 0.02 | |
Return on tangible assets | 0.03 | -0.09 | -0.08 | -0.02 | 0 | |
Graham Net | -10.69 | -9.66 | -8.8 | -8.75 | -8.85 | |
Working capital | 36.21M | 21.08M | 22.13M | 18.49M | 21.37M | |
Tangible asset value | 1.52B | 1.3B | 1.12B | 1.05B | 1.02B | |
Net current asset value | -641.83M | -593.33M | -529.17M | -526.26M | -533.55M | |
Invested capital | 0.45 | 0.47 | 0.49 | 0.52 | 0.54 | |
Average receivables | 28.07M | 27.57M | 23.46M | 24.85M | 22.71M | |
Average payables | 10.05M | 3.85M | 2.03M | 4.82M | 5.87M | |
Average inventory | 0 | 11.25M | 11.25M | 0 | 0 | |
Days sales outstanding | 40.39 | 32.36 | 51.84 | -99.55 | 37.96 | |
Days payables outstanding | 56.67 | 13.65 | 28.77 | 80.57 | 57.72 | |
Days of inventory on hand | 0 | 216.87 | 0 | 0 | 0 | |
Receivables turnover | 2.23 | 2.78 | 1.74 | -0.9 | 2.37 | |
Payables turnover | 1.59 | 6.6 | 3.13 | 1.12 | 1.56 | |
Inventory turnover | 0 | 0.41 | 0 | 0 | 0 | |
ROE | 0.04 | -0.13 | -0.12 | -0.03 | 0.01 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
FPF Frequently Asked Questions
What is First Trust Intermediate Duration Preferred & Income Fund stock symbol ?
First Trust Intermediate Duration Preferred & Income Fund is a US stock , located in Wheaton of Il and trading under the symbol FPF
What is First Trust Intermediate Duration Preferred & Income Fund stock quote today ?
First Trust Intermediate Duration Preferred & Income Fund stock price is $17.96 today.
Is First Trust Intermediate Duration Preferred & Income Fund stock public?
Yes, First Trust Intermediate Duration Preferred & Income Fund is a publicly traded company.