Stock fact sheet · data as of
Madison Dividend Income Fd Cl Y (BHBFX): fair value, margin of safety and Wheel Score
Financial Services · Asset Management - Income · United States · High Yield Income
Is BHBFX undervalued?
At 27.23 (close of 16 Oct 2026), BHBFX trades 39% below the GLS average fair value of 44.31. That average comes from 1 models run on the latest filings, and 1 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 Madison Dividend Income Fd Cl Y the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
Only 1 of the nine models produced a value (DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files BHBFX under High Yield Income: a dividend yield above 4%.
Nine valuation models for BHBFX
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 44.31 | +63% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -92.61 | -440% | 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
Financial health is average - BHBFX passes 5 of the nine Piotroski tests, which falls one point short of the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 2.6 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are moderate - ROIC 10.4%, ROE 11.6%, ROA 10.4% - with debt at 0.11 times equity and negative free cash flow.
The dividend yield is high at 11.06% (payout ratio 38%). 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 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 10.4% |
|---|---|---|---|
| GLS Moat | 2.6 / 10 | ROE | 11.6% |
| Debt / equity | 0.11 | ROA | 10.4% |
| Free-cash-flow yield | -0.8% | Payout ratio | 38% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
BHBFX has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at - a day on a market cap of $86M, with a beta of 0.58 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 39% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 4 / 15 | moat 2.6/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 0k shares/day, $86M cap, beta 0.58 |
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 BHBFX in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management - Income
The 12 companies below are the closest to Madison Dividend Income Fd Cl Y by market cap within the Asset Management - Income 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 |
|---|---|---|---|---|---|
| EVF Eaton Vance Senior Income Trust | 4.80 | 4.27 | -12% | 25No options | $87M |
| MGF Aberdeen Government Markets Income Fund | 13.46 | 17.58 | +23% | 39No options | $88M |
| JLS Nuveen Mortgage and Income Fund | 16.21 | 40.83 | +60% | 39No options | $89M |
| GCV The Gabelli Convertible and Income Securities Fund Inc. | 4.04 | 15.93 | +75% | 39No options | $81M |
| ERH Allspring Utilities and High Income Fund | 10.38 | 49.60 | +79% | 39No options | $92M |
| DTF DTF Tax-Free Income 2028 Term Fund Inc. | 11.44 | 11.56 | +1% | 32No options | $80M |
| PGP PIMCO Global StocksPLUS & Income Fund | 8.09 | 35.24 | +77% | 39No options | $94M |
| PCF High Income Securities Fund | 5.05 | 18.07 | +72% | 39No options | $95M |
| RFM RiverNorth Flexible Municipal Income Fund, Inc. | 12.82 | 24.06 | +47% | 31No options | $78M |
| ASIEX American Century Multisector Income Fund;Inv | 8.61 | 10.05 | +14% | 39No options | $95M |
| IAE Voya Asia Pacific High Dividend Equity Income Fund | 7.01 | 65.30 | +89% | 35No options | $75M |
| CEV Eaton Vance California Municipal Income Trust | 10.30 | 17.40 | +41% | 39No options | $72M |
⚖ Compare BHBFX with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BHBFX
Is BHBFX undervalued right now?
By the GLS models, yes: at 27.23 the stock is 39% below the average fair value of 44.31 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BHBFX and what does it mean?
BHBFX 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 BHBFX?
44.31 per share as of 16 Oct 2026 - the simple average of the 1 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 Madison Dividend Income Fd Cl Y report earnings next?
No upcoming earnings date is recorded for BHBFX in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does BHBFX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on BHBFX, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.