US · FMY
First Trust Mortgage Income Fund
- Sector
- Financial Services · Asset Management - Income
- Headquarters
- Wheaton, IL 60187
- Website
- ftportfolios.com
Price · as of 2024-10-31
$11.90
Market cap 51.74M
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $199.57 | +1,577.06% |
| Intrinsic Value(DCF) | $4.32 | -63.7% |
| Graham-Dodd Method(GD) | $22.19 | +86.43% |
| Graham Formula(GF) | $636.43 | +5,248.11% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2010 | |||||
| 2011 | |||||
| 2012 | $8.28 | ||||
| 2013 | $7.46 | $63.62 | $4.68 | $3.73 | $2.47 |
| 2014 | $7.63 | $199.39 | $7.71 | $3.79 | $0.00 |
| 2015 | $7.91 | $155.58 | $4.87 | $9.24 | $0.21 |
| 2016 | $8.16 | $118.16 | $11.31 | $9.40 | $0.00 |
| 2017 | $8.73 | $367.54 | $2.05 | $19.09 | $192.84 |
| 2018 | $8.72 | $224.29 | $8.83 | $16.18 | $0.00 |
| 2019 | $9.57 | $66.07 | $2.36 | $18.26 | $76.21 |
| 2020 | $9.73 | $227.16 | $8.72 | $15.73 | $0.00 |
| 2021 | $10.09 | $87.12 | $9.10 | $14.87 | $0.00 |
| 2022 | $9.13 | $201.55 | $5.84 | $6.23 | $0.00 |
| 2023 | $10.18 | $62.09 | $6.05 | $13.03 | $11.89 |
| 2024 | $10.80 | $199.57 | $0.00 | $22.18 | $636.42 |
AI valuation
Our deep-learning model estimates First Trust Mortgage Income Fund's (FMY) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $199.57
- Current price
- $11.90
- AI upside
- +1,577.06%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$4.32
-63.7% upside
Graham-Dodd
$22.19
+86.43% upside
Graham Formula
$636.43
+5,248.11% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| FMY | First Trust Mortgage Inco… | $11.90 | 51.74M | +1,577% | -64% | +86% | +5,248% | 5.67 | 0.85 | 5.47 | — | 1.10 | 0.85 | 100.00% | 96.35% | 96.35% | 15.61% | 15.65% | 13.94% | 0.00 | — | 0.89 | 0.40 | — | 51613.00% | 34091.00% | — | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 0.00% | 5.68 | — | 5.48 | 24.33 |
| MXE | Mexico Equity & Income Fu… | $14.14 | 62.22M | +383% | +10% | -61% | — | -5.82 | 0.67 | 4.34 | -4.43 | — | 0.67 | -67.70% | -74.57% | -74.57% | -10.83% | -10.85% | -10.62% | 0.00 | — | 0.07 | 0.07 | 0.00 | -13400.00% | 6143.00% | — | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 0.48% | -5.82 | — | 4.34 | 98.35 |
About First Trust Mortgage Income Fund
First Trust Mortgage Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Brookfield Investment Management Inc. The fund invests in fixed income markets. It seeks to invest in fixed income securities including mortgage-backed securities, consisting of pass-through certificates, collateralized mortgage obligations, residential mortgage-backed securities, and commercial mortgage-backed securities. The fund was formerly known as the First Trust/FIDAC Mortgage Income Fund. First Trust Mortgage Income Fund was formed on May 25, 2005 and is domiciled in United States.
- CEO
- James Snyder
- Employees
- 0
- Beta
- 0.26
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($4.32 ÷ $11.90) − 1 = -63.7% (DCF, example).