Stock fact sheet · data as of
DoubleLine Securitized Credit ETF (DSCO): fair value, margin of safety and Wheel Score
Ticker symbol DSCO · Financial Services · Asset Management - Bonds · United States · Fund / Note
Is DSCO undervalued?
DoubleLine Securitized Credit ETF (DSCO) closed at 24.40 on 5 Nov 2026, 62% above the GLS average fair value of 15.11. 1 of the 1 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
The average is built from just 1 models (DDM) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
DSCO looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for DSCO
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 | 15.11 | -38% | 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) | -2.17 | -109% | 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
No Piotroski health score is on file for DSCO (the statements it needs were not available), so the Health part of the Wheel Score counts it at half marks - 10 of 20 - rather than marking the stock down for missing data. There is no GLS Moat score for DSCO: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are thin or negative - ROIC -117.4%, ROE -172.5%, ROA -19.7% - with debt at 0.47 times equity and negative free cash flow.
The dividend yield is high at 4.21% (payout ratio 0%). 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 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | - / 9 | ROIC | -117.4% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | -172.5% |
| Debt / equity | 0.47 | ROA | -19.7% |
| Free-cash-flow yield | -6.6% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 12: No options
No options are listed on DoubleLine Securitized Credit ETF in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 12, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 28k shares a day on a market cap of $136M, with a beta of 0.38 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Fails | trades 62% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $136M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 62% above fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Fair | no Piotroski score on file - half marks | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.38, $136M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for DSCO in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management - Bonds
The 12 companies below are the closest to DoubleLine Securitized Credit ETF by market cap within the Asset Management - Bonds 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 |
|---|---|---|---|---|---|
| WMBDX WesMark Government Bond Fund | 7.69 | 16.65 | +54% | 26No options | $162M |
| VBF Invesco Bond Fund | 14.70 | 26.96 | +45% | 25No options | $168M |
| DHY UBS Asset Management High Yield Credit Fund | 16.80 | 31.15 | +46% | 26No options | $174M |
| FOSIX Tributary Short-Intermediate Bond Fd Insti | 8.92 | 2.45 | -264% | 14No options | $189M |
| DMB BNY Mellon Municipal Bond Infrastructure Fund, Inc. | 10.40 | 10.08 | -3% | 14No options | $191M |
| CALI iShares Short-Term California Muni Active ETF | 50.22 | 10.75 | -367% | 12No options | $213M |
| FADLX Frost Low Duration Bond Fund Investor Class Shares | 9.71 | 113.98 | +91% | 26No options | $222M |
| FTPA Franklin Pennsylvania Municipal Income ETF | 8.36 | 2.36 | -254% | 9No options | $286M |
| GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 13.06 | 33.92 | +61% | 26No options | $362M |
| DCIBX DFA California Intermediate-Term Municipal Bond Port | 10.23 | 7.02 | -46% | 11No options | $374M |
| CPTNX American Century Government Bond Investor Class | 9.10 | 10.35 | +12% | 17No options | $404M |
| PCARX PIMCO Credit Opportunities Bond Fund Class INSTL | 9.25 | 15.88 | +42% | 24No options | $439M |
⚖ Compare DSCO with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about DSCO
Is DSCO undervalued right now?
No: at 24.40 the stock trades 62% above the GLS average fair value of 15.11 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of DSCO and what does it mean?
DSCO has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for DSCO?
15.11 per share as of 5 Nov 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 DoubleLine Securitized Credit ETF report earnings next?
No upcoming earnings date is recorded for DSCO in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does DSCO have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on DSCO, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.