Stock fact sheet · data as of
iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH): fair value, margin of safety and Wheel Score
Ticker symbol LDRH · Financial Services · Asset Management - Bonds · United States · Fund / Note
Is LDRH undervalued?
iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) closed at 23.99 on 5 Nov 2026, close to the GLS average fair value of 22.76 (5.4% above fair value). 0 of the 1 models that produced a number sit above the price, 1 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.
Only 1 of the nine models produced a value (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.
LDRH 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 LDRH
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 | - | - | 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 | 22.76 | -5% | 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) | 0.0000 | -100% | 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 LDRH (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 LDRH: 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 0.0%, ROE 0.0%, ROA 0.0% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 6.45% (payout ratio 0%). 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 | - / 9 | ROIC | 0.0% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 0.0% |
| Debt / equity | 0.00 | ROA | 0.0% |
| Free-cash-flow yield | -108.6% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 12: No options
LDRH 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" (12 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 $25M, with a beta of 0.12 - 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 5% above our fair value |
| 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 $25M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 5% above 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 0.12, $25M 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 LDRH in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management - Bonds
The 12 companies below are the closest to iShares iBonds 1-5 Year High Yield and Income Ladder ETF by market cap within the Asset Management - Bonds 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 |
|---|---|---|---|---|---|
| EYEG Alliance Bernstein - AB Corporate Bond ETF | 33.92 | 13.54 | -150% | 10No options | $27M |
| BHV BlackRock Virginia Municipal Bond Trust | 12.65 | 19.80 | +36% | 26No options | $20M |
| DSCO DoubleLine Securitized Credit ETF | 24.40 | 15.11 | -62% | 12No options | $136M |
| WMBDX WesMark Government Bond Fund | 7.69 | 16.65 | +54% | 26No options | $162M |
| VBF Invesco Bond Fund | 14.70 | 26.96 | +45% | 25No options | $168M |
| DHY UBS Asset Management High Yield Credit Fund | 16.80 | 31.15 | +46% | 26No options | $174M |
| FOSIX Tributary Short-Intermediate Bond Fd Insti | 8.92 | 2.45 | -264% | 14No options | $189M |
| DMB BNY Mellon Municipal Bond Infrastructure Fund, Inc. | 10.40 | 10.08 | -3% | 14No options | $191M |
| CALI iShares Short-Term California Muni Active ETF | 50.22 | 10.75 | -367% | 12No options | $213M |
| FADLX Frost Low Duration Bond Fund Investor Class Shares | 9.71 | 113.98 | +91% | 26No options | $222M |
| FTPA Franklin Pennsylvania Municipal Income ETF | 8.36 | 2.36 | -254% | 9No options | $286M |
| GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 13.06 | 33.92 | +61% | 26No options | $362M |
⚖ Compare LDRH with 7 of them All Financial Services stocks →
Scan the whole market the same way
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 LDRH
Is LDRH undervalued right now?
Not meaningfully: at 23.99 the stock trades within a few percent of the GLS average fair value of 22.76 (5.4% above fair value, data as of 5 Nov 2026).
What is the Wheel Score of LDRH and what does it mean?
LDRH 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 LDRH?
22.76 per share as of 5 Nov 2026 - the simple average of the 1 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 iShares iBonds 1-5 Year High Yield and Income Ladder ETF report earnings next?
No upcoming earnings date is recorded for LDRH in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does LDRH have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on LDRH, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.