Stock fact sheet · data as of
First Trust High Yield Opportunities 2027 Term Fund (FTHY): fair value, margin of safety and Wheel Score
Ticker symbol FTHY · Financial Services · Asset Management · United States · Fund / Note
Is FTHY undervalued?
FTHY has a margin of safety of 58%: the stock closed at 13.07 on 5 Nov 2026 against a GLS average fair value of 31.45. 7 of the 8 valuation models that produced a number sit above the price. Our scans 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 EPV (7.67) and Payback Time (68.31). 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.
FTHY 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 FTHY
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 | 14.87 | +14% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 39.47 | +202% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 17.25 | +32% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 42.24 | +223% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 39.74 | +204% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 68.31 | +423% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 22.07 | +69% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 7.67 | -41% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -3.94 | -130% | 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 FTHY (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 FTHY: 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 3.8%, ROE 4.8%, ROA 3.8% - with debt at 0.27 times equity and a free-cash-flow yield of 15.2%.
The dividend yield is high at 11.48% (payout ratio 218%) - 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 6/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | - / 9 | ROIC | 3.8% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 4.8% |
| Debt / equity | 0.27 | ROA | 3.8% |
| Free-cash-flow yield | 15.2% | Payout ratio | 218% |
| Institutions | 6 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 26: No options
No options are listed on First Trust High Yield Opportunities 2027 Term Fund in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 26, 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 92k shares a day on a market cap of $481M, with a beta of 0.65 - 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 | 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 | no implied volatility |
| 8 | Big enough | Fails | market cap $481M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 58% below 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 0.65, $481M 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 FTHY 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 First Trust High Yield Opportunities 2027 Term 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.
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|---|---|---|---|---|---|
| PFESX PFG BR Target Allocation Equity Strategy Fund Class I | 18.89 | 62.74 | +70% | 25No options | $479M |
| GUT The Gabelli Utility Trust | 5.38 | 10.84 | +50% | 32No options | $482M |
| TWN The Taiwan Fund, Inc. | 82.74 | 920.78 | +91% | 24No options | $475M |
| DHLTX Diamond Hill All Cap Select Fund Class I | 28.58 | - | - | 11No options | $489M |
| EIM Eaton Vance Municipal Bond Fund | 9.18 | 9.37 | +2% | 16No options | $472M |
| IFN Aberdeen India Fund, Inc. | 11.01 | 20.05 | +45% | 23No options | $470M |
| CMJAX Calvert US Mid Cap Core Rspnb Idx A | 52.42 | 763.19 | +93% | 26No options | $492M |
| GUG Guggenheim Active Allocation Fund | 14.14 | 49.06 | +71% | 26No options | $466M |
| ETO Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund | 30.32 | 107.15 | +72% | 24No options | $497M |
| BGB Blackstone Strategic Credit Fund | 11.13 | 4.33 | -157% | 13No options | $497M |
| FCFAX Frost Credit Fund | 8.93 | 15.98 | +44% | 25No options | $464M |
| VKQ Invesco Municipal Trust | 9.00 | 8.64 | -4% | 15No options | $498M |
⚖ Compare FTHY with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about FTHY
Is FTHY undervalued right now?
By the GLS models, yes: at 13.07 the stock is 58% below the average fair value of 31.45 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of FTHY and what does it mean?
FTHY 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 FTHY?
31.45 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 First Trust High Yield Opportunities 2027 Term Fund report earnings next?
No upcoming earnings date is recorded for FTHY in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does FTHY have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on FTHY, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.