PIMCO Income Strategy Fund
PIMCO Income Strategy Fund is a closed-end fixed-income fund focused on generating high current income while seeking to preserve capital. PIMCO Income Strategy Fund invests across a diversified mix of floating-rate and fixed-rate debt instruments, which may include loans, corporate bonds, bank capital securities, catastrophe bonds, and other credit-related securities. The fund uses a multi-sector approach that gives its managers flexibility to adjust allocations based on market conditions, relative value, and credit opportunities across global debt markets. It is designed for income generation through regular distributions, with a portfolio that can span investment-grade and below-investment-grade exposures within its stated guidelines. As a PIMCO-managed income vehicle, PIMCO Income Strategy Fund plays a role in the fixed-income market as a professionally managed source of diversified credit exposure and monthly cash flow focus.
$6.76
+$0.03 (+0.45%)
EOD Oct 16, 2026
Revenue declined 40.9% YoY. The question is whether this is cyclical or a structural shift.
Even for strong businesses, today's 10x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
10.4x earnings, 5.3x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$28M
▼ -40.9% YoY
Net Income (TTM)
$28M
▼ -40.8% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
$55M
▲ +184.1% YoY
Op. Cash Flow (TTM)
$55M
▲ +184.1% YoY
Net Debt
$3M
Cash & Equiv.
$592K
3Y CAGR: +22.0%
3Y CAGR: +4.3%
Continue Research
Is PIMCO Income Strategy Fund (PFL) overvalued?
At a P/E of 10.4 and a price-to-free-cash-flow of 5.3, PIMCO Income Strategy Fund (PFL) trades below a two-stage DCF intrinsic value of about $22.75 per share, so at $6.76 the stock looks undervalued (236.5% below 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, PIMCO Income Strategy Fund scores 56/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 14.4%; 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 PIMCO Income Strategy Fund's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $22.75 per share for PFL, 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 $17.06. At today's $6.76, that puts the stock about 236.5% below 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 PIMCO Income Strategy Fund a high-quality business?+
PIMCO Income Strategy Fund scores 56 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a mixed 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 PIMCO Income Strategy Fund (PFL) pay a dividend, and how much?+
Yes, PIMCO Income Strategy Fund pays a regular dividend of about $0.97 per share per year (typically in quarterly installments), a yield of roughly 14.4% at the current price. That is a payout ratio of about 149.3% of earnings, so the dividend is stretched at this level. PIMCO Income Strategy Fund has grown the dividend at roughly 33.5% 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 PFL's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is PIMCO Income Strategy Fund a good stock to buy right now?+
That depends on valuation and quality together, not either alone. PFL currently trades below its estimated intrinsic value and scores 56/100 on quality (mixed). It also yields about 14.4%. 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.