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BlackRock Corporate High Yield Fund, Inc. logoBlackRock Corporate High Yield Fund, Inc.HYT
$7.73-0.13%
BlackRock Corporate High Yield Fund, Inc. logo

BlackRock Corporate High Yield Fund, Inc.

HYT

$7.73

-$0.01 (-0.13%)

⊜ Compare
ProfitabilityN/AGrowthSteady growthCash FlowHealthy conversionValuationAttractively priced
What's changing

Revenue grew 14.6%, still solid. Free cash flow declined 91% despite revenue growth, conversion is weakening.

What deserves caution

Free cash flow declined 91% versus the prior year, cash generation momentum has weakened. Net debt of $444M represents 21.5x FCF, leverage limits flexibility.

Valuation context

7.7x earnings, 54.8x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.

Price History

-17.0%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$1.13B
EPS$1.00
P/E7.74
P/FCF54.81
EV/EBITDA—
FCF Yield1.8%
Div. Yield12.10%
Net Debt/FCF21.5x
52-Week Range
$7.73$9.51

Profitability & Returns

Revenue (TTM)

$147M

▲ +14.6% YoY

Net Income (TTM)

$146M

▲ +14.8% YoY

Op. Margin

—

ROIC

—

Cash Flow & Balance Sheet

FCF (TTM)

$21M

▼ -90.7% YoY

Op. Cash Flow (TTM)

$21M

▼ -90.7% YoY

Net Debt

$444M

Cash & Equiv.

$449K

3Y CAGR: -32.9%

Continue Research

Is BlackRock Corporate High Yield Fund (HYT) overvalued?

At a P/E of 7.7 and a price-to-free-cash-flow of 54.8, BlackRock Corporate High Yield Fund (HYT) trades above a two-stage DCF intrinsic value of about $-0.59 per share, so at $7.73 the stock looks overvalued (107.7% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.

On quality, BlackRock Corporate High Yield Fund scores 16/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 12.1%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.

Frequently asked

What is BlackRock Corporate High Yield Fund's fair value?+

Intrinsiqq's two-stage DCF estimates an intrinsic value of about $-0.59 per share for HYT, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $-0.44. At today's $7.73, that puts the stock about 107.7% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.

Is BlackRock Corporate High Yield Fund a high-quality business?+

BlackRock Corporate High Yield Fund scores 16 out of 100 on Intrinsiqq's quality score, a weighted blend of 5 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.

Does BlackRock Corporate High Yield Fund (HYT) pay a dividend, and how much?+

Yes, BlackRock Corporate High Yield Fund pays a regular dividend of about $0.94 per share per year (typically in quarterly installments), a yield of roughly 12.1% at the current price. That is a payout ratio of about 93.7% of earnings, so the dividend is stretched at this level. BlackRock Corporate High Yield Fund has grown the dividend at roughly 4.6% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For HYT's full payout history, growth streak and dividend-safety score, see the dividends tab.

Is BlackRock Corporate High Yield Fund a good stock to buy right now?+

That depends on valuation and quality together, not either alone. HYT currently trades above its estimated intrinsic value and scores 16/100 on quality (lower-quality). It also yields about 12.1%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.

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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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