Stock fact sheet · data as of
John Hancock Financial Opportunities Fund (BTO): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · High Yield Income
Is BTO undervalued?
BTO has a margin of safety of 70%: the stock closed at 36.00 on 16 Oct 2026 against a GLS average fair value of 118.27. 5 of the 9 valuation models that produced a number sit above the price. Our screens treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
There is a wide gap between DCF (2.31) and Graham Growth (531.05). 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 BTO under High Yield Income: a dividend yield above 4%.
Nine valuation models for BTO
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 | 2.31 | -94% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 92.01 | +156% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 531.05 | +1375% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 232.10 | +545% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 31.68 | -12% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 17.13 | -52% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 16.76 | -53% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 38.26 | +6% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 103.16 | +187% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -6.08 | -117% | 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
John Hancock Financial Opportunities Fund scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 1.1/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 8.3%, ROE 9.8%, ROA 8.3% - with debt at 0.18 times equity and a free-cash-flow yield of 2.4%.
The dividend yield is high at 7.22% (payout ratio 27%). 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 3/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 8.3% |
|---|---|---|---|
| GLS Moat | 1.1 / 10 | ROE | 9.8% |
| Debt / equity | 0.18 | ROA | 8.3% |
| Free-cash-flow yield | 2.4% | Payout ratio | 27% |
| Institutions | 3 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 39: No options
No options are listed on John Hancock Financial Opportunities Fund 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 59k shares a day on a market cap of $713M, with a beta of 0.95; the Stability part of the Wheel Score gives that 7 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 70% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 2 / 15 | moat 1.1/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 7 / 20 | 59k shares/day, $713M cap, beta 0.95 |
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 BTO in the nightly calendar.
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 John Hancock Financial Opportunities Fund 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 |
|---|---|---|---|---|---|
| VINP Vinci Compass Investments Ltd. | 10.83 | 53.98 | +80% | 70Good | $710M |
| VLEOX Value Line Small Cap Opportunities Fund, Inc. Investor Class | 61.63 | 25.15 | -145% | 31No options | $709M |
| GEGGL Great Elm Group, Inc. 7.25% Notes due 2027 | 24.73 | 7.62 | -225% | 23No options | $721M |
| BUR Burford Capital Limited | 3.29 | 4.97 | +34% | 45Weak | $722M |
| PCIEX PACE International Equity Investments Class P | 20.84 | 40.38 | +48% | 39No options | $724M |
| CRF Cornerstone Total Return Fund, Inc. | 5.93 | 28.01 | +79% | 39No options | $702M |
| ESMAX Invesco Global Small Cap Equity A | 13.53 | 64.69 | +79% | 39No options | $701M |
| PWGAX PACE International Equity Investments | 21.08 | 42.07 | +50% | 39No options | $727M |
| MFIC MidCap Financial Investment Corporation | 8.50 | 75.89 | +89% | 45Weak | $700M |
| MFICL MidCap Financial Investment Corporation 8.00% Notes due 2028 | 25.17 | 75.89 | +67% | 39No options | $700M |
| CGBD Carlyle Secured Lending, Inc. | 10.66 | 20.14 | +47% | 78Good | $733M |
| THQ Abrdn Healthcare Opportunities Fund | 17.74 | 31.65 | +44% | 39No options | $735M |
⚖ Compare BTO with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BTO
Is BTO undervalued right now?
By the GLS models, yes: at 36.00 the stock is 70% below the average fair value of 118.27 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BTO and what does it mean?
BTO 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 BTO?
118.27 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 John Hancock Financial Opportunities Fund report earnings next?
No upcoming earnings date is recorded for BTO in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does BTO have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on BTO, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.