Stock fact sheet · data as of
Commonwealth Africa Fund (CAFRX): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Blend
Is CAFRX undervalued?
Commonwealth Africa Fund (CAFRX) closed at 11.84 on 16 Oct 2026. The GLS average fair value - the simple average of the 2 valuation models that produced a positive number - is 371.53, which puts the price 97% below it. 1 of the 2 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
Only 2 of the nine models produced a value (10 Cap, 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 CAFRX under Blend.
Nine valuation models for CAFRX
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 | 736.37 | +6119% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 6.68 | -44% | 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) | -89.57 | -857% | 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 - CAFRX passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 5.6 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are thin or negative - ROIC -0.0%, ROE -0.1%, ROA -0.0% - with debt at 0.85 times equity and a free-cash-flow yield of 311.0%.
The dividend yield is 3.83% at a payout ratio of 0%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | -0.0% |
|---|---|---|---|
| GLS Moat | 5.6 / 10 | ROE | -0.1% |
| Debt / equity | 0.85 | ROA | -0.0% |
| Free-cash-flow yield | 311.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
CAFRX 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 $9M, with a beta of 0.93; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 97% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 8 / 15 | moat 5.6/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 0k shares/day, $9M cap, beta 0.93 |
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 CAFRX 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 Commonwealth Africa 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 |
|---|---|---|---|---|---|
| BBLS Munificent Seven ETF | 26.74 | 0.2032 | -13059% | 6No options | $9M |
| NMBL NovaTide Flexible Allocation ETF | 20.81 | 29.67 | +30% | 39No options | $9M |
| ALTEX Firsthand Alternative Energy | 12.22 | 1,332.47 | +99% | 39No options | $8M |
| SMST Defiance Daily Target 2x Short MSTR ETF | 14.75 | 29.39 | +50% | 61Fair | $8M |
| BRZL MicroSectors 3X Long Brazil ETN | 42.25 | - | - | 19No options | $8M |
| ICMB Investcorp Credit Management BDC, Inc. | 0.6850 | 10.44 | +93% | 45Weak | $10M |
| SFES Safeguard Scientifics, Inc. | 0.4700 | 29.17 | +98% | 39No options | $8M |
| WNMLA Winmill & Co. Incorporated | 5.25 | 46.20 | +89% | 39No options | $7M |
| CBRG Leverage Shares 2X Long CBRS Daily ETF | 1.66 | - | - | 30Weak | $7M |
| ACII Innovator Index Autocallable Income Strategy ETF | 25.50 | 9.22 | -177% | 8No options | $11M |
| EMES Harbor Emerging Markets Select ETF (EMES) | 26.77 | 1.76 | -1417% | 13No options | $11M |
| STRN SMART Trend 25 ETF | 27.05 | 0.2336 | -11477% | 23No options | $12M |
⚖ Compare CAFRX with 7 of them All Financial Services stocks →
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about CAFRX
Is CAFRX undervalued right now?
By the GLS models, yes: at 11.84 the stock is 97% below the average fair value of 371.53 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CAFRX and what does it mean?
CAFRX 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 CAFRX?
371.53 per share as of 16 Oct 2026 - the simple average of the 2 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 Commonwealth Africa Fund report earnings next?
No upcoming earnings date is recorded for CAFRX in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does CAFRX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on CAFRX, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.