Stock fact sheet · data as of
Blackrock Resources & Commodities Strategy Trust (BCX): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · High Yield Income
Is BCX undervalued?
At 12.09 (close of 16 Oct 2026), BCX trades 60% below the GLS average fair value of 30.45. That average comes from 9 models run on the latest filings, and 5 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Blackrock Resources & Commodities Strategy Trust the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between Payback Time (3.65) and Graham Growth (130.37). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files BCX under High Yield Income: a dividend yield above 4%.
Nine valuation models for BCX
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 4.99 | -59% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 26.61 | +120% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 130.37 | +978% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 55.55 | +359% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 7.66 | -37% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 3.81 | -68% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 3.65 | -70% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 12.31 | +2% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 29.06 | +140% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.4369 | -96% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Blackrock Resources & Commodities Strategy Trust scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. On durability BCX scores 5.5/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are high - ROIC 24.4%, ROE 24.4%, ROA 24.3% - with debt at 0.00 times equity and a free-cash-flow yield of 1.6%.
The dividend yield is high at 6.92% (payout ratio 32%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 4/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 24.4% |
|---|---|---|---|
| GLS Moat | 5.5 / 10 | ROE | 24.4% |
| Debt / equity | 0.00 | ROA | 24.3% |
| Free-cash-flow yield | 1.6% | Payout ratio | 32% |
| Institutions | 4 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
No options are listed on Blackrock Resources & Commodities Strategy Trust in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 112k shares a day on a market cap of $922M, with a beta of 0.59 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 8 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 60% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 8 / 15 | moat 5.5/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 8 / 20 | 112k shares/day, $922M cap, beta 0.59 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for BCX in the nightly calendar. The shares go ex-dividend on 13 Nov 2026 (0.0697 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to Blackrock Resources & Commodities Strategy Trust by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| BOSOX Boston Trust Walden Small Cap Fund | 18.68 | 10.76 | -74% | 25No options | $924M |
| CHI Calamos Convertible Opportunities and Income Fund | 11.37 | 46.77 | +76% | 39No options | $920M |
| CAAPX Ariel Appreciation Fund | 43.43 | 37.93 | -14% | 28No options | $909M |
| STK Columbia Seligman Premium Technology Growth Fund | 53.35 | 693.79 | +92% | 34No options | $942M |
| BBDC Barings BDC, Inc. | 8.60 | 37.11 | +77% | 80Prime | $900M |
| ARBFX The Arbitrage Fund | 13.90 | 4.97 | -180% | 22No options | $893M |
| ABINX American Century Balanced Fund | 22.10 | 5.60 | -295% | 18No options | $891M |
| PDX Pimco Dynamic Income Strategy Fund | 19.89 | 86.93 | +77% | 39No options | $889M |
| HF DGA Core Plus Absolute Return ETF | 22.57 | 59.58 | +62% | 39No options | $884M |
| BTZ BlackRock Credit Allocation Income Trust | 9.43 | 25.55 | +63% | 39No options | $880M |
| ACSNX American Century Short Duration Fd Investor Cl | 9.64 | 594.46 | +98% | 39No options | $970M |
| ARSVX AMG River Road Small Cap Value Fund - Class N | 14.74 | 17.29 | +15% | 39No options | $876M |
⚖ Compare BCX with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BCX
Is BCX undervalued right now?
By the GLS models, yes: at 12.09 the stock is 60% below the average fair value of 30.45 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BCX and what does it mean?
BCX has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for BCX?
30.45 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Blackrock Resources & Commodities Strategy Trust report earnings next?
No upcoming earnings date is recorded for BCX in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does BCX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on BCX, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.