Stock fact sheet · data as of
Great Elm Capital Corp. 7.75% Notes Due 2030 (GECCG): fair value, margin of safety and Wheel Score
Ticker symbol GECCG · Financial Services · Asset Management · United States · Fund / Note
Is GECCG undervalued?
GECCG has a margin of safety of 57%: the stock closed at 24.63 on 5 Nov 2026 against a GLS average fair value of 57.51. 1 of the 2 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.
The average is built from just 2 models (10 Cap, 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.
GECCG 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 GECCG
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 | 97.81 | +297% | 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 | 17.22 | -30% | 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) | -19.54 | -179% | 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
Great Elm Capital Corp. 7.75% Notes Due 2030 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 GECCG: 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 -10.5%, ROE -28.1%, ROA -9.3% - with debt at 1.68 times equity and a free-cash-flow yield of 98.2%.
The dividend yield is high at 22.90% (payout ratio -93%). 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 5/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | -10.5% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | -28.1% |
| Debt / equity | 1.68 | ROA | -9.3% |
| Free-cash-flow yield | 98.2% | Payout ratio | -93% |
| Institutions | 5 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 28: No options
No options are listed on Great Elm Capital Corp. 7.75% Notes Due 2030 in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 28, 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 0k shares a day on a market cap of $285M, with a beta of 0.20 - 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 $285M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 57% below fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.20, $285M 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 GECCG in the nightly calendar. The next ex-dividend date is 15 Dec 2026 (0.4898 per share).
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 Great Elm Capital Corp. 7.75% Notes Due 2030 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 |
|---|---|---|---|---|---|
| FRMO FRMO Corp. | 6.43 | 38.95 | +83% | 33No options | $283M |
| JOF Japan Smaller Capitalization Fund, Inc. | 11.10 | 142.28 | +92% | 24No options | $283M |
| RIV RiverNorth Opportunities Fund, Inc. | 10.34 | 30.02 | +66% | 26No options | $283M |
| NCA Nuveen California Municipal Value Fund | 8.54 | 4.49 | -90% | 13No options | $283M |
| NBH Neuberger Municipal Fund Inc. | 9.52 | 18.81 | +49% | 25No options | $282M |
| JCE Nuveen Core Equity Alpha Fund | 16.96 | 76.97 | +78% | 26No options | $288M |
| CAF Morgan Stanley China A Share Fund Inc. | 16.44 | 218.11 | +92% | 25Weak | $280M |
| ARDC Ares Dynamic Credit Allocation Fund, Inc. | 11.68 | 10.65 | -10% | 15No options | $280M |
| VALSX Value Line Select Growth Fund | 30.68 | 25.98 | -18% | 15No options | $278M |
| DSM BNY Mellon Strategic Municipal Bond Fund, Inc. | 5.60 | 10.47 | +47% | 24No options | $277M |
| AINTX Ariel International Investor | 18.30 | 77.48 | +76% | 26No options | $276M |
| RFI Cohen & Steers Total Return Realty Fund, Inc. | 10.99 | 22.00 | +50% | 23No options | $294M |
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Start free See the Sunday ScanQuestions about GECCG
Is GECCG undervalued right now?
By the GLS models, yes: at 24.63 the stock is 57% below the average fair value of 57.51 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of GECCG and what does it mean?
GECCG 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 GECCG?
57.51 per share as of 5 Nov 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 Great Elm Capital Corp. 7.75% Notes Due 2030 report earnings next?
No upcoming earnings date is recorded for GECCG in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does GECCG have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on GECCG, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.