Stock fact sheet · data as of
DoubleLine Income Solutions Fund (DSL): fair value, margin of safety and Wheel Score
Ticker symbol DSL · Financial Services · Asset Management - Income · United States · Fund / Note
Is DSL undervalued?
DSL closed at 10.01 on 5 Nov 2026, 13% 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" Wheel Trade Filter, with room for a bigger discount on the Value part.
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.
DSL 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 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 | -9% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 18.66 | +86% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 8.16 | -19% | 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 | +65% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 15.63 | +56% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 19.42 | +94% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 3.63 | -64% | 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 "Piotroski 6 or more" Wheel Trade Filter. 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. There is no GLS Moat score for DSL: 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 moderate - ROIC 6.0%, ROE 7.6%, ROA 5.8% - with debt at 0.28 times equity and a free-cash-flow yield of 8.3%.
The dividend yield is high at 13.19% (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 | - / 10 | ROE | 7.6% |
| Debt / equity | 0.28 | ROA | 5.8% |
| Free-cash-flow yield | 8.3% | Payout ratio | 398% |
| Institutions | 3 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 19: Weak
With a Wheel Score of 19 DoubleLine Income Solutions Fund sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (177 open interest, 18 a day); and filter 2, a real business, not a gamble - a fund or note, not a company; and filter 7, a premium worth selling - implied volatility 12% (under 25%); Premium (weak) is its weakest part.
Implied volatility on the near-the-money contracts is 12%, below the 25% the Wheel Trade Filter on premium asks for: a put pays too little to be worth selling. Chain open interest is thin - 177 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 569k shares a day on a market cap of $1.1B, with a beta of 0.72 - 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 | options too quiet (177 open interest, 18 a day) |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 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 | implied volatility 12% (under 25%) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Fair | 13% below fair value | |
| Premium | Weak | implied volatility 12% | |
| Moat | Weak | no moat score | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Weak | Red Flags score 67/100 | |
| Option trading | Weak | 18 contracts a day, 177 open interest | |
| Stability | Fair | beta 0.72, $1.1B 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 DSL in the nightly calendar. The shares go ex-dividend on 18 Nov 2026 (0.1100 per share), so a covered call sold before then carries a small early-assignment risk around that date.
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 |
|---|---|---|---|---|---|
| TSDOX Touchstone Ultra Short Duration Fixed Income Fund | 9.21 | 4.38 | -110% | 14No options | $1.1B |
| MTRAX NYLI Income Builder Fund;A | 26.11 | 26.59 | +2% | 14No options | $1.2B |
| ATOAX Aberdeen Ultra Short Municipal Income Fund - Class A | 10.08 | 2.18 | -362% | 10No options | $1.2B |
| EOS Eaton Vance Enhanced Equity Income Fund II | 20.56 | 61.42 | +67% | 25No options | $1.1B |
| AGEPX American Beacon Developing World Income Fund - Investor Class | 7.47 | 11.15 | +33% | 23No options | $1.2B |
| ABCVX American Beacon The London Company Income Equity Fund Investor Class | 24.15 | 472.52 | +95% | 28No options | $1.1B |
| CII BlackRock Enhanced Capital and Income Fund, Inc. | 23.65 | 142.15 | +83% | 24No options | $1.0B |
| EVV Eaton Vance Limited Duration Income Fund | 8.68 | 20.11 | +57% | 26No options | $1.0B |
| LZHOX Lazard US High Yield Portfolio Open | 18.26 | 6.79 | -169% | 11No options | $1.3B |
| FPF First Trust Intermediate Duration Preferred & Income Fund | 15.87 | 41.39 | +62% | 26No options | $966M |
| PYVAX Payden Equity Income Fund Adviser Cl | 19.27 | 8.30 | -132% | 9No options | $1.4B |
| PTA Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund | 17.34 | 52.79 | +67% | 26No options | $958M |
⚖ Compare DSL with 7 of them All Financial Services stocks →
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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 top 10 stocks that pass all 9 Wheel Trade Filters, 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 DSL
Is DSL undervalued right now?
By the GLS models, moderately: at 10.01 the stock trades 13% below the average fair value of 11.52 (data as of 5 Nov 2026).
What is the Wheel Score of DSL and what does it mean?
DSL scores 19 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 7. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for DSL?
11.52 per share as of 5 Nov 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 5 Nov 2026; the Calendars page is refreshed every morning.
Does DSL have listed options, and how liquid are they?
Yes. The nightly snapshot found 12 listed contracts with 177 open interest across all expiries and implied volatility of 12% 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.