XAI Floating Rate & Alternative Income Trust
XAI Floating Rate & Alternative Income Trust is a diversified, closed-end management investment company that focuses on generating income through a dynamically managed portfolio of floating-rate credit instruments and structured credit assets. XAI Floating Rate & Alternative Income Trust primarily invests in senior secured floating-rate loans, CLO debt, and CLO equity, with an emphasis on private market credit opportunities. The fund is designed to participate across different stages of the credit cycle, using opportunistic allocation within below-investment-grade credit markets. Its mandate centers on current income and flexible exposure to floating-rate lending and structured finance, making it a specialized vehicle within the broader alternative credit market. XAI Floating Rate & Alternative Income Trust is managed as an investment trust rather than an operating company, and its portfolio construction reflects a focus on credit selection, diversification, and active allocation across related fixed-income segments.
$18.18
-$0.30 (-1.62%)
EOD Oct 16, 2026
Revenue declined 66.1% YoY. The question is whether this is cyclical or a structural shift.
Net debt of $194M represents 4.6x FCF, leverage limits flexibility.
22.7x earnings, 5.3x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$20M
▼ -66.1% YoY
Net Income (TTM)
$10M
▼ -79.8% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
$43M
▲ +123.4% YoY
Op. Cash Flow (TTM)
$43M
▲ +123.4% YoY
Net Debt
$194M
Cash & Equiv.
$7M
Continue Research
Is XAI Floating Rate & Alternative Income Trust (XFLT) overvalued?
At a P/E of 22.7 and a price-to-free-cash-flow of 5.3, XAI Floating Rate & Alternative Income Trust (XFLT) trades below a two-stage DCF intrinsic value of about $43.88 per share, so at $18.18 the stock looks undervalued (141.4% 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, XAI Floating Rate & Alternative Income Trust scores 42/100 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 1.0%; 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 XAI Floating Rate & Alternative Income Trust's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $43.88 per share for XFLT, 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 $32.91. At today's $18.18, that puts the stock about 141.4% 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 XAI Floating Rate & Alternative Income Trust a high-quality business?+
XAI Floating Rate & Alternative Income Trust scores 42 out of 100 on Intrinsiqq's quality score, a weighted blend of 4 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 XAI Floating Rate & Alternative Income Trust (XFLT) pay a dividend, and how much?+
Yes, XAI Floating Rate & Alternative Income Trust pays a regular dividend of about $0.18 per share per year (typically in quarterly installments), a yield of roughly 1.0% at the current price. That is a payout ratio of about 22.8% of earnings, so the dividend is amply covered by earnings. 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 XFLT's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is XAI Floating Rate & Alternative Income Trust a good stock to buy right now?+
That depends on valuation and quality together, not either alone. XFLT currently trades below its estimated intrinsic value and scores 42/100 on quality (mixed). It also yields about 1.0%. 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.
Related stocks: Asset Management
Spot a number that looks wrong?
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.