Stock fact sheet · data as of
Invesco Actively Managed Exchange-Traded Fund Trust - Invesco Intermediate Municipal ETF (INTM): fair value, margin of safety and Wheel Score
Ticker symbol INTM · Financial Services · Asset Management · United States · Fund / Note
Is INTM undervalued?
At 50.29 (close of 5 Nov 2026), INTM trades 165% over the GLS average fair value of 18.98, with 0 of 2 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.
Only 2 of the nine models produced a value (DCF, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
INTM 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 INTM
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 | 9.93 | -80% | Present value of the projected free cash flows, discounted at the cost of capital |
| 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 | 28.03 | -44% | 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) | -146.61 | -392% | 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
Financial health is weak: INTM passes 2 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. There is no GLS Moat score for INTM: 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 -5.6%, ROE -17.1%, ROA -4.4% - with debt at 2.07 times equity and negative free cash flow. Debt of 2.07 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is 3.79% at a payout ratio of 0%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold.
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 2 / 9 | ROIC | -5.6% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | -17.1% |
| Debt / equity | 2.07 | ROA | -4.4% |
| Free-cash-flow yield | -2.2% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 9: No options
INTM has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (9 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 0k shares a day on a market cap of $105M, with a beta of 0.16 - 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 165% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 2/9 (under 6) |
| 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 $105M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 165% above fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Weak | Piotroski 2/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.16, $105M 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 INTM 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 Invesco Actively Managed Exchange-Traded Fund Trust - Invesco Intermediate Municipal ETF 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 |
|---|---|---|---|---|---|
| DDDCX 13D Activist Fund | 24.46 | 14.16 | -73% | 11No options | $105M |
| DLFRX DoubleLine Floating Rate Fund - Class N | 8.96 | 43.95 | +80% | 26No options | $104M |
| TGVNX TCW Relative Value Mid Cap Fund Class N | 31.10 | 122.46 | +75% | 25No options | $102M |
| JHI John Hancock Investors Trust | 12.24 | 31.60 | +61% | 32No options | $107M |
| SBI Western Asset Intermediate Muni Fund Inc. | 7.25 | 11.02 | +34% | 25No options | $102M |
| WMBLX WesMark Balanced Fund | 14.66 | 15.01 | +2% | 13No options | $102M |
| EAERX Eaton Vance Stock Fund | 23.46 | 15.40 | -52% | 10No options | $101M |
| TPZ Tortoise Electrification Infrastructure ETF | 20.09 | 70.93 | +72% | 28No options | $108M |
| GAING Gladstone Investment Corporation 7.125% Notes due 2031 | 25.03 | 158.62 | +84% | 26No options | $100M |
| AADBX American Beacon Balanced Fund R5 Class | 16.14 | 19.31 | +16% | 18No options | $100M |
| AABPX American Beacon Balanced Fund | 12.50 | 16.38 | +24% | 22No options | $100M |
| GLU The Gabelli Global Utility & Income Trust | 18.46 | 114.90 | +84% | 32No options | $111M |
⚖ Compare INTM with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about INTM
Is INTM undervalued right now?
No: at 50.29 the stock trades 165% above the GLS average fair value of 18.98 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of INTM and what does it mean?
INTM 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 INTM?
18.98 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 Invesco Actively Managed Exchange-Traded Fund Trust - Invesco Intermediate Municipal ETF report earnings next?
No upcoming earnings date is recorded for INTM in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does INTM have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on INTM, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.