HIX
Western Asset High Income Fund II Inc. [HIX] Stock Forecast
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HIX: High Income Fund, But Not Quite Appealing
Western Asset High Income Fund II offers exposure to a globally diversified portfolio focused on high-yield fixed income. The HIX closed-end fund currently trades at a small discount, and that is part of what makes it unappealing at this time even despite trading closer to its longer-term average level. There are alternative funds within the Western Asset family, such as HYI and WDI, that may be more attractive options due to their better valuations.
Quality Closed-End Fund Report, November 2022
Only funds with coverage >100% are considered. Top lists of discount, yield, DxY, and DxYxZ are given.
HIX: Broad Mandate Fixed Income CEF, 12% Yield
HIX is a fixed income CEF with a broad investment mandate in the fixed income space. The fund contains a mix of corporate and sovereign bonds, with an allocation that can switch weightings between investment grade and high-yield debentures.
The 'High-High-Low' Closed-End Fund Report, August 2022
Only funds with yields over 6.5%, coverage higher than 85%, and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.
The 'High-High-Low' Closed-End Fund Report, July 2022
Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.
HIX: Rights Offering Recap And Future Prospects
HIX's rights offering has concluded. The subscription floor prevented more severe dilution.
Quick Notes On HIX Rights Offering
HIX's rights offering is in progress. The offering is not going well for managers, but that's a positive for shareholders.
'High-High-Low' Closed-End Fund Report, February 2022: ARDC, HYB, JRI Buy Ratings Affirmed
Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.
'High-High-Low' Closed-End Fund Report, November 2021
Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.
The 'High-High-Low' Closed-End Fund Report, August 2021
Only funds with yields over 7%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.
HIX Financial details
HIX Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-04-30
| Metric | History | 2019-04-30 | 2020-04-30 | 2021-04-30 | 2022-04-30 | 2023-04-30 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 0.45 | -0.52 | 1.98 | -0.69 | -0.45 | |
| Net income per share | 0.44 | -0.54 | 1.97 | -0.7 | -0.46 | |
| Operating cash flow per share | 0.33 | 0.9 | 4.55 | 0.56 | 0.88 | |
| Free cash flow per share | 0.33 | 0.9 | 4.55 | 0.56 | 0.88 | |
| Cash per share | -0.06 | 0 | 0 | 0.02 | 0.04 | |
| Book value per share | 7.19 | 5.9 | 6.91 | 5.88 | 4.74 | |
| Tangible book value per share | 7.19 | 5.9 | 6.91 | 5.88 | 4.74 | |
| Share holders equity per share | 7.19 | 5.9 | 6.91 | 5.88 | 4.74 | |
| Interest debt per share | 3.07 | 2.75 | 2.94 | 3.08 | 1.94 | |
| Market cap | 578.65M | 486.57M | 430.17M | 316.01M | 316.17M | |
| Enterprise value | 835.36M | 719.57M | 606.64M | 493.22M | 435.65M | |
| P/E ratio | 15.04 | -10.18 | 3.61 | -7.69 | -10.36 | |
| Price to sales ratio | 14.79 | -10.62 | 3.58 | -7.8 | -10.64 | |
| POCF ratio | 20.45 | 6.12 | 1.56 | 9.57 | 5.41 | |
| PFCF ratio | 20.45 | 6.12 | 1.56 | 9.57 | 5.41 | |
| P/B Ratio | 0.93 | 0.93 | 1.03 | 0.91 | 1.01 | |
| PTB ratio | 0.93 | 0.93 | 1.03 | 0.91 | 1.01 | |
| EV to sales | 21.35 | -15.7 | 5.05 | -12.18 | -14.66 | |
| Enterprise value over EBITDA | -38.51 | -6.65 | 7.69 | -6.5 | -5.79 | |
| EV to operating cash flow | 29.53 | 9.05 | 2.2 | 14.93 | 7.45 | |
| EV to free cash flow | 29.53 | 9.05 | 2.2 | 14.93 | 7.45 | |
| Earnings yield | 0.07 | -0.1 | 0.28 | -0.13 | -0.1 | |
| Free cash flow yield | 0.05 | 0.16 | 0.64 | 0.1 | 0.19 | |
| Debt to equity | 0.41 | 0.45 | 0.42 | 0.52 | 0.39 | |
| Debt to assets | 0.29 | 0.31 | 0.29 | 0.33 | 0.27 | |
| Net debt to EBITDA | -11.83 | -2.15 | 2.24 | -2.34 | -1.59 | |
| Current ratio | 0.09 | 0.14 | 0.05 | 0.13 | 0.11 | |
| Interest coverage | 6.91 | 8.19 | 24.2 | 22.75 | 6.3 | |
| Income quality | 0.74 | -1.66 | 2.32 | -0.8 | -1.92 | |
| Dividend Yield | 0.08 | 0.1 | 0.1 | 0.1 | 0.12 | |
| Payout ratio | 1.22 | -1.01 | 0.36 | -0.8 | -1.2 | |
| Sales general and administrative to revenue | 0.01 | -0.02 | 0 | -0.01 | -0.02 | |
| 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 | 8.48 | 8.48 | 17.48 | 9.62 | 7.02 | |
| ROIC | 0.09 | -0.09 | 0.02 | -0.05 | -0.13 | |
| Return on tangible assets | 0.04 | -0.06 | 0.19 | -0.08 | -0.07 | |
| Graham Net | -3.08 | -2.57 | -3.12 | -3.03 | -1.85 | |
| Working capital | -254.91M | -213.52M | -186.45M | -169.75M | -118.71M | |
| Tangible asset value | 622.15M | 521.35M | 419.27M | 345.41M | 313.6M | |
| Net current asset value | -254.91M | -213.52M | -186.45M | -169.75M | -118.71M | |
| Invested capital | 0.41 | 0.45 | 0.42 | 0.52 | 0.39 | |
| Average receivables | 22.19M | 26.36M | 19.55M | 15.55M | 16M | |
| Average payables | 28.55M | 16.62M | 15.9M | 17.24M | 12.7M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 215.63 | -235.79 | 28.89 | -194.72 | -127.55 | |
| Days payables outstanding | -360.78 | -42.29 | 93.78 | -70.44 | -50.74 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 1.69 | -1.55 | 12.63 | -1.87 | -2.86 | |
| Payables turnover | -1.01 | -8.63 | 3.89 | -5.18 | -7.19 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | 0.06 | -0.09 | 0.28 | -0.12 | -0.1 | |
| Capex per share | 0 | 0 | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-04-30 for Q4
| Metric | History | 2022-04-30 | 2022-07-31 | 2022-10-31 | 2023-01-31 | 2023-04-30 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 0.16 | 0.16 | 0.16 | 0.17 | 0.17 | |
| Net income per share | -0.43 | -0.31 | -0.31 | 0.07 | 0.07 | |
| Operating cash flow per share | 0.15 | -0.01 | -0.01 | 0.46 | 0.46 | |
| Free cash flow per share | 0.15 | -0.01 | -0.01 | 0.46 | 0.46 | |
| Cash per share | 0.02 | 0.05 | 0.03 | 0.04 | 0.04 | |
| Book value per share | 5.86 | -4.09 | 4.89 | -4.06 | 4.74 | |
| Tangible book value per share | 5.86 | 4.89 | 4.89 | 4.74 | 4.74 | |
| Share holders equity per share | 5.86 | -4.09 | 4.89 | -4.06 | 4.74 | |
| Interest debt per share | 3.05 | 0.02 | 2.64 | 0.03 | 1.88 | |
| Market cap | 317.01M | 356.8M | 296.36M | 364.46M | 316.17M | |
| Enterprise value | 494.22M | 353.59M | 464.32M | 361.85M | 435.65M | |
| P/E ratio | -3.14 | -4.49 | -3.73 | 19.76 | 17.14 | |
| Price to sales ratio | 33.29 | 33.47 | 27.8 | 33.09 | 28.71 | |
| POCF ratio | 36.17 | -370.84 | -308.02 | 12.06 | 10.47 | |
| PFCF ratio | 36.17 | -370.84 | -308.02 | 12.06 | 10.47 | |
| P/B Ratio | 0.92 | -1.34 | 0.93 | -1.36 | 1.01 | |
| PTB ratio | 0.92 | -1.34 | 0.93 | -1.36 | 1.01 | |
| EV to sales | 51.9 | 33.17 | 43.56 | 32.86 | 39.56 | |
| Enterprise value over EBITDA | -14.6 | -11.63 | -15.27 | -50.36 | -60.63 | |
| EV to operating cash flow | 56.38 | -367.5 | -482.58 | 11.98 | 14.42 | |
| EV to free cash flow | 56.38 | -367.5 | -482.58 | 11.98 | 14.42 | |
| Earnings yield | -0.08 | -0.06 | -0.07 | 0.01 | 0.01 | |
| Free cash flow yield | 0.03 | 0 | 0 | 0.08 | 0.1 | |
| Debt to equity | 0.52 | 0 | 0.54 | 0 | 0.39 | |
| Debt to assets | 0.33 | 0 | 0.34 | 0 | 0.27 | |
| Net debt to EBITDA | -5.24 | 0.11 | -5.52 | 0.36 | -16.63 | |
| Current ratio | 0.13 | 0.13 | 0.13 | 0.11 | 0.11 | |
| Interest coverage | 21.59 | 8.38 | 8.38 | 5.09 | 5.09 | |
| Income quality | -0.35 | 0.05 | 0.05 | 6.55 | 6.55 | |
| Dividend Yield | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | |
| Payout ratio | -0.33 | -0.46 | -0.46 | 1.98 | 1.98 | |
| Sales general and administrative to revenue | 0.13 | 0.12 | 0.12 | 0.1 | 0.1 | |
| 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 | 7.51 | 5.3 | 5.8 | 2.52 | 2.73 | |
| ROIC | -0.01 | 0.02 | -0.01 | -0.09 | 0.06 | |
| Return on tangible assets | -0.05 | -0.04 | -0.04 | 0.01 | 0.01 | |
| Graham Net | -3.02 | -2.86 | -2.67 | -1.97 | -1.85 | |
| Working capital | -169.75M | -165.36M | -165.36M | -118.71M | -118.71M | |
| Tangible asset value | 345.41M | 317.86M | 317.86M | 313.6M | 313.6M | |
| Net current asset value | -169.75M | -165.36M | -165.36M | -118.71M | -118.71M | |
| Invested capital | 0.52 | 0 | 0.54 | 0 | 0.39 | |
| Average receivables | 10.8M | 10.8M | 9.18M | 9.18M | 5.19M | |
| Average payables | 13.72M | 14.85M | 16.35M | 12.31M | 8.26M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 204.2 | 0 | 155.04 | 0 | 84.88 | |
| Days payables outstanding | 0 | 0 | 0 | 0 | 0 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 0.44 | 0 | 0.58 | 0 | 1.06 | |
| Payables turnover | 0 | 0 | 0 | 0 | 0 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | -0.07 | 0.07 | -0.06 | -0.02 | 0.01 | |
| Capex per share | 0 | 0 | 0 | 0 | 0 |
HIX Frequently Asked Questions
What is Western Asset High Income Fund II Inc. stock symbol ?
Western Asset High Income Fund II Inc. is a US stock , located in New york of Ny and trading under the symbol HIX
What is Western Asset High Income Fund II Inc. stock quote today ?
Western Asset High Income Fund II Inc. stock price is $4.74 today.
Is Western Asset High Income Fund II Inc. stock public?
Yes, Western Asset High Income Fund II Inc. is a publicly traded company.
Company Profile
- Volume Average 173.67K
- Market Capitalization 318.1M
- CEO Ms. Jane Elizabeth Trust CFA
- Headquarters New York,NY,US
- IPO Date 1998-05-22
-
Website
https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=HIX 
Western Asset High Income Fund II Inc. is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe. The fund invests in securities of companies that operate across diversified sectors. It invests in high yield debt securities issued by U.S., foreign corporations and foreign governments. The fund employs a combination of quantitative and fundamental analysis with bottom-up security selection process to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index and the JPMorgan Emerging Markets Bond Index Global. Western Asset High Income Fund II, Inc. was formed on May 28, 1998 and is domiciled in the United States.
