Stock fact sheet · data as of
DoubleLine Income Solutions Fund (DSL): fair value, margin of safety and Wheel Score
Financial Services · Asset Management - Income · United States · High Yield Income
Is DSL undervalued?
DSL closed at 9.78 on 16 Oct 2026, 15% below the GLS average fair value of 11.52 from 8 models (4 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" rule of the Sunday Scan, and the Wheel Score gives it 19 of the 25 Value points.
There is a wide gap between GLS Growth (0.9551) and DDM (19.42). 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 DSL under High Yield Income: a dividend yield above 4%.
Nine valuation models for DSL
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 | 9.14 | -7% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 18.66 | +91% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 8.16 | -17% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.9551 | -90% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 16.57 | +69% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 15.63 | +60% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 19.42 | +99% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 3.63 | -63% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -3.66 | -137% | 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
DoubleLine Income Solutions Fund scores 6 of 9 on the Piotroski F-score: a middling result that passes 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 1.6/10 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 6.0%, ROE 7.6%, ROA 5.8% - with debt at 0.28 times equity and a free-cash-flow yield of 8.5%.
The dividend yield is high at 13.50% (payout ratio 398%) - a payout above 100% of earnings, which is not covered by profits. 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 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 6.0% |
|---|---|---|---|
| GLS Moat | 1.6 / 10 | ROE | 7.6% |
| Debt / equity | 0.28 | ROA | 5.8% |
| Free-cash-flow yield | 8.5% | Payout ratio | 398% |
| Institutions | 3 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 62: Fair
A Wheel Score of 62 puts DoubleLine Income Solutions Fund in the Fair band - below the 70 the Sunday Scan requires. Value 19/25, Health 13/20, Moat 2/15, Premium 14/20 and Stability 14/20; the weakest part is Moat (2/15).
Implied volatility is 29% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (14 of 20 points). Chain open interest is thin - 307 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 779k shares a day on a market cap of $1.1B, with a beta of 0.71 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 14 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 19 / 25 | 15% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 2 / 15 | moat 1.6/10 | |
| Premium | 14 / 20 | implied volatility 29% | |
| Stability | 14 / 20 | 779k shares/day, $1.1B cap, beta 0.71 |
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 DSL 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 DoubleLine Income Solutions Fund 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 |
|---|---|---|---|---|---|
| EOS Eaton Vance Enhanced Equity Income Fund II | 21.00 | 61.42 | +66% | 39No options | $1.1B |
| MTRAX NYLI Income Builder Fund;A | 25.63 | 26.41 | +3% | 39No options | $1.1B |
| ABCVX American Beacon The London Company Income Equity Fund Investor Class | 23.22 | 461.94 | +95% | 39No options | $1.1B |
| ATOAX Aberdeen Ultra Short Municipal Income Fund - Class A | 10.07 | 2.19 | -359% | 19No options | $1.2B |
| CII BlackRock Enhanced Capital and Income Fund, Inc. | 23.68 | 142.14 | +83% | 39No options | $1.0B |
| AGEPX American Beacon Developing World Income Fund - Investor Class | 7.57 | 11.13 | +32% | 39No options | $1.2B |
| TSDOX Touchstone Ultra Short Duration Fixed Income Fund | 9.21 | 4.62 | -99% | 27No options | $1.0B |
| EVV Eaton Vance Limited Duration Income Fund | 8.35 | 20.11 | +58% | 39No options | $970M |
| FPF First Trust Intermediate Duration Preferred & Income Fund | 15.70 | 41.39 | +62% | 39No options | $955M |
| PINCX Putnam Income Fund Class A | 4.87 | 3.39 | -44% | 25No options | $952M |
| LZHOX Lazard US High Yield Portfolio Open | 18.21 | 6.76 | -169% | 24No options | $1.3B |
| PYVAX Payden Equity Income Fund Adviser Cl | 18.99 | 8.30 | -129% | 20No options | $1.3B |
⚖ Compare DSL with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about DSL
Is DSL undervalued right now?
By the GLS models, moderately: at 9.78 the stock trades 15% below the average fair value of 11.52 (data as of 16 Oct 2026).
What is the Wheel Score of DSL and what does it mean?
DSL scores 62 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for DSL?
11.52 per share as of 16 Oct 2026 - the simple average of the 8 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 Income Solutions Fund report earnings next?
No upcoming earnings date is recorded for DSL in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does DSL have listed options, and how liquid are they?
Yes. The nightly snapshot found 78 listed contracts with 307 open interest across all expiries and implied volatility of 29% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.