Stock fact sheet · data as of
Federated Hermes Kaufmann Large Cap Fund Institutional Shares (KLCIX): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · High Yield Income
Is KLCIX undervalued?
KLCIX has a margin of safety of 77%: the stock closed at 19.34 on 16 Oct 2026 against a GLS average fair value of 85.04. 3 of the 3 valuation models that produced a number sit above the price. Our screens 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 3 models (DCF, 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.
The nightly engine files KLCIX under High Yield Income: a dividend yield above 4%.
Nine valuation models for KLCIX
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 | 76.45 | +295% | 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 | 105.15 | +444% | 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 | 73.52 | +280% | 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) | -3.90 | -120% | 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
Federated Hermes Kaufmann Large Cap Fund Institutional Shares scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. On durability KLCIX scores 6.9/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are high - ROIC 18.2%, ROE 25.3%, ROA 13.6% - with debt at 0.39 times equity and a free-cash-flow yield of 27.0%.
The dividend yield is high at 25.84% (payout ratio 34%). 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 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 18.2% |
|---|---|---|---|
| GLS Moat | 6.9 / 10 | ROE | 25.3% |
| Debt / equity | 0.39 | ROA | 13.6% |
| Free-cash-flow yield | 27.0% | Payout ratio | 34% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
No options are listed on Federated Hermes Kaufmann Large Cap Fund Institutional Shares in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at - a day on a market cap of $1.1B, with a beta of 1.23 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 8 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 77% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 10 / 15 | moat 6.9/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 8 / 20 | 0k shares/day, $1.1B cap, beta 1.23 |
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 KLCIX 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 Federated Hermes Kaufmann Large Cap Fund Institutional Shares 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 |
|---|---|---|---|---|---|
| CAM Alliance Bernstein - AB California Intermediate Municipal ETF | 24.31 | 23.16 | -5% | 22No options | $1.1B |
| VCX Fundrise Innovation Fund, LLC | 25.38 | 170.56 | +85% | 73Good | $1.1B |
| EACAX Eaton Vance California Municipal Opportunities Fund | 9.61 | 13.37 | +28% | 39No options | $1.1B |
| HQH Abrdn Healthcare Investors | 19.30 | 51.65 | +63% | 39No options | $1.1B |
| WBSNX William Blair Small Cap Growth Fund Class N | 29.80 | 19.51 | -53% | 20No options | $1.1B |
| FICDX Fidelity Canada Fund | 87.82 | 2,196.72 | +96% | 39No options | $1.2B |
| OIIEX Optimum International Equity Fund Class I | 18.05 | 38.80 | +53% | 39No options | $1.2B |
| ARCVX American Century Investments One Choice 2030 Portfolio | 12.79 | 8.52 | -50% | 18No options | $1.1B |
| JFR Nuveen Floating Rate Income Fund | 7.32 | 7.92 | +8% | 39No options | $1.2B |
| AOD Abrdn Total Dynamic Dividend Fund | 10.16 | 63.07 | +84% | 39No options | $1.1B |
| NBXG Neuberger Next Generation Connectivity Fund Inc. | 15.06 | 91.03 | +83% | 39No options | $1.2B |
| VRISX Virtus KAR International Small-Mid Cap Fund Class R6 | 21.31 | 59.89 | +64% | 39No options | $1.1B |
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Start free See the Sunday ScanQuestions about KLCIX
Is KLCIX undervalued right now?
By the GLS models, yes: at 19.34 the stock is 77% below the average fair value of 85.04 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of KLCIX and what does it mean?
KLCIX has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for KLCIX?
85.04 per share as of 16 Oct 2026 - the simple average of the 3 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 Federated Hermes Kaufmann Large Cap Fund Institutional Shares report earnings next?
No upcoming earnings date is recorded for KLCIX in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does KLCIX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on KLCIX, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.