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FTHY Stock Summary
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Bonds Are Boring? Not When They Throw Off 10%+ Dividends
Bonds are back, baby. Let's talk about three funds that pay—between 8.3% and 10.9%.
FTHY: High Yield And Senior Loan Exposure With An Attractive Discount
First Trust High Yield Opportunities 2027 Term Fund offers exposure to high-yield fixed-income bonds and senior loans. The fund has delivered respectable total NAV results relative to the high-yield bond space through most periods, with 2022 being a bit of an exception. FTHY continues to trade at an attractive discount and as a term fund that could potentially be realized in the future.
FTHY: 2027 High Yield Term Trust At Big Discount
This Fund primarily holds a portfolio of high yield corporate securities. Its yield on price, as well as on NAV are in double digits. The fund is set to terminate in 2027 and we review its prospects in light of that.
FTHY: Discounted High Yield Exposure
First Trust High Yield Opportunities 2027 Term Fund offers exposure to high-yield bonds and floating-rate senior loan investments. The fund's discount has narrowed but remains at an attractive double-digit level. The fund's distribution coverage has decreased, but its large discount provides appeal due to its term structure.
FTHY: Discount Deepens Further
FTHY's discount has moved wider since our last update, potentially opening up an opportunity. I felt that distribution coverage was lacking and that a cut could be possible to the distribution.
CEF Report February 2023 | The January Effect Didn't Disappoint
The January Effect boosted the valuation of most areas of the closed-end fund market. Taxable bond CEFs have rallied strongly while leaving munis behind. We think this is an opportunity for investors for 2023, as credit spreads are likely to widen, dragging down taxable bond NAVs. We favor munis and high-quality taxables.
FTHY: Attractive Discount For A High-Yield Fund
FTHY is trading at an attractive discount and looks like a candidate, with the Fed slowing the pace of interest rate increases. These interest rate increases might even be near an end, with the latest 25 basis points expected to be one of the last.
Closed-End Funds: Term Structure Potential Vs. Perpetual Funds
Term funds have a few topics making them different that I hope to clear up with today's overview. Term funds can benefit shareholders as NAV is realized one way or another.
FTHY: Deep Discount For This Term Fund
FTHY continues to trade at an attractively deep discount, reaching near its widest discount since it launched. The fund is expected to liquidate in 2027; this should reduce as we get closer though we still have quite a bit of time.
FTHY: Discount Is Attractive For This High Yielder
A couple of months ago, FTHY cut their distribution, though it was after raising it fairly substantially last year. The overall market has been mostly down this year, which has been putting pressure on FTHY.
FTHY Financial details
FTHY Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-05-31
Metric | History | 2021-05-31 | 2022-05-31 | 2023-05-31 |
---|---|---|---|---|
2.02K | 2.02K | 2.02K | ||
Revenue per share | 2.23 | -1.95 | -0.52 | |
Net income per share | 2.2 | -1.98 | -0.54 | |
Operating cash flow per share | -27.24 | 2.48 | 5.83 | |
Free cash flow per share | -27.24 | 2.48 | 5.83 | |
Cash per share | 0.01 | 0 | 0 | |
Book value per share | 21.06 | 17.47 | 15.6 | |
Tangible book value per share | 21.06 | 17.47 | 15.6 | |
Share holders equity per share | 21.06 | 17.47 | 15.6 | |
Interest debt per share | 8.45 | 7.64 | 3.58 | |
Market cap | 732.36M | 591.19M | 490.88M | |
Enterprise value | 1.04B | 869.16M | 613.82M | |
P/E ratio | 9.03 | -8.12 | -25.04 | |
Price to sales ratio | 8.93 | -8.24 | -26.22 | |
POCF ratio | -0.73 | 6.47 | 2.32 | |
PFCF ratio | -0.73 | 6.47 | 2.32 | |
P/B Ratio | 0.94 | 0.92 | 0.87 | |
PTB ratio | 0.94 | 0.92 | 0.87 | |
EV to sales | 12.69 | -12.11 | -32.79 | |
Enterprise value over EBITDA | 12.84 | -11.93 | -31.31 | |
EV to operating cash flow | -1.04 | 9.51 | 2.9 | |
EV to free cash flow | -1.04 | 9.51 | 2.9 | |
Earnings yield | 0.11 | -0.12 | -0.04 | |
Free cash flow yield | -1.37 | 0.15 | 0.43 | |
Debt to equity | 0.4 | 0.43 | 0.22 | |
Debt to assets | 0.28 | 0.3 | 0.18 | |
Net debt to EBITDA | 3.81 | -3.82 | -6.27 | |
Current ratio | 0.85 | 5.89 | 1.23 | |
Interest coverage | 32.95 | -25.11 | -2.81 | |
Income quality | -12.38 | -1.25 | -10.8 | |
Dividend Yield | 0.05 | 0.1 | 0.12 | |
Payout ratio | 0.49 | -0.84 | -2.9 | |
Sales general and administrative to revenue | 0.01 | -0.01 | -0.05 | |
Research and developement to revenue | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | |
Graham number | 32.29 | 27.9 | 13.77 | |
ROIC | 0.07 | -0.08 | -0.03 | |
Return on tangible assets | 0.07 | -0.08 | -0.03 | |
Graham Net | -8.62 | -7.33 | -3.43 | |
Working capital | -3M | 13.6M | 2.34M | |
Tangible asset value | 776.14M | 642.78M | 566.4M | |
Net current asset value | -313.41M | -265.62M | -121.62M | |
Invested capital | 0.4 | 0.43 | 0.22 | |
Average receivables | 0 | 16.75M | 14.29M | |
Average payables | 0 | 11.57M | 6.38M | |
Average inventory | 0 | 0 | 0 | |
Days sales outstanding | 76.33 | -83.11 | -238.77 | |
Days payables outstanding | 0 | 0 | 0 | |
Days of inventory on hand | 0 | 0 | 0 | |
Receivables turnover | 4.78 | -4.39 | -1.53 | |
Payables turnover | 0 | 0 | 0 | |
Inventory turnover | 0 | 0 | 0 | |
ROE | 0.1 | -0.11 | -0.03 | |
Capex per share | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-11-30 for Q2
Metric | History | 2021-11-30 | 2022-05-31 | 2022-11-30 | 2023-05-31 | 2023-11-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 0 | 0 | 0 | 0 | 0 | |
Net income per share | 0 | 0 | 0 | 0 | 0 | |
Operating cash flow per share | 0 | 0 | 0 | 0 | 0 | |
Free cash flow per share | 0 | 0 | 0 | 0 | 0 | |
Cash per share | 0 | 0 | 0 | 0 | 0 | |
Book value per share | 0 | 0 | 0 | 0 | 0 | |
Tangible book value per share | 0 | 0 | 0 | 0 | 0 | |
Share holders equity per share | 0 | 0 | 0 | 0 | 0 | |
Interest debt per share | 0 | 0 | 0 | 0 | 0 | |
Market cap | 0 | 0 | 0 | 0 | 0 | |
Enterprise value | 279.89M | 277.97M | 132.88M | 122.93M | 136.97M | |
P/E ratio | 0 | 0 | 0 | 0 | 0 | |
Price to sales ratio | 0 | 0 | 0 | 0 | 0 | |
POCF ratio | 0 | 0 | 0 | 0 | 0 | |
PFCF ratio | 0 | 0 | 0 | 0 | 0 | |
P/B Ratio | 0 | 0 | 0 | 0 | 0 | |
PTB ratio | 0 | 0 | 0 | 0 | 0 | |
EV to sales | 0 | 0 | 0 | 0 | 0 | |
Enterprise value over EBITDA | 0 | 0 | 0 | 0 | 0 | |
EV to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
EV to free cash flow | 0 | 0 | 0 | 0 | 0 | |
Earnings yield | 0 | 0 | 0 | 0 | 0 | |
Free cash flow yield | 0 | 0 | 0 | 0 | 0 | |
Debt to equity | 0.38 | 0.43 | 0.23 | 0.22 | 0.24 | |
Debt to assets | 0.27 | 0.3 | 0.18 | 0.18 | 0.19 | |
Net debt to EBITDA | 0 | 0 | 0 | 0 | 0 | |
Current ratio | 1.61 | 5.89 | 2.73 | 1.23 | 2.68 | |
Interest coverage | 0 | 0 | 0 | 0 | 0 | |
Income quality | 0 | 0 | 0 | 0 | 0 | |
Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
Payout ratio | 0 | 0 | 0 | 0 | 0 | |
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 | 0 | 0 | 0 | 0 | 0 | |
ROIC | 0 | 0 | 0 | 0 | 0 | |
Return on tangible assets | 0 | 0 | 0 | 0 | 0 | |
Graham Net | 0 | 0 | 0 | 0 | 0 | |
Working capital | 6.41M | 13.6M | 18.46M | 2.34M | 6.89M | |
Tangible asset value | 744.05M | 642.78M | 587.54M | 566.4M | 573.36M | |
Net current asset value | -274.86M | -265.62M | -115.47M | -121.62M | -131.1M | |
Invested capital | 0.38 | 0.43 | 0.23 | 0.22 | 0.24 | |
Average receivables | 17M | 16.59M | 22.69M | 20.64M | 11.6M | |
Average payables | 15.45M | 6.66M | 6.74M | 10.33M | 7.04M | |
Average inventory | 0 | 0 | 0 | 0 | 0 | |
Days sales outstanding | 0 | 0 | 0 | 0 | 0 | |
Days payables outstanding | 0 | 0 | 0 | 0 | 0 | |
Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
Receivables turnover | 0 | 0 | 0 | 0 | 0 | |
Payables turnover | 0 | 0 | 0 | 0 | 0 | |
Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
ROE | 0 | 0 | 0 | 0 | 0 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
FTHY Frequently Asked Questions
What is First Trust High Yield Opportunities 2027 Term Fund stock symbol ?
First Trust High Yield Opportunities 2027 Term Fund is a US stock , located in Wheaton of Il and trading under the symbol FTHY
What is First Trust High Yield Opportunities 2027 Term Fund stock quote today ?
First Trust High Yield Opportunities 2027 Term Fund stock price is $14.54 today.
Is First Trust High Yield Opportunities 2027 Term Fund stock public?
Yes, First Trust High Yield Opportunities 2027 Term Fund is a publicly traded company.