Stock fact sheet · data as of
MidCap Financial Investment Corporation (MFIC): fair value, margin of safety and Wheel Score
Ticker symbol MFIC · Financial Services · Asset Management · United States · Speculative Income
Is MFIC undervalued?
MFIC has a margin of safety of 87%: the stock closed at 10.33 on 5 Nov 2026 against a GLS average fair value of 76.63. 3 of the 3 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 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 MFIC under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan. It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for MFIC
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 | 76.82 | +644% | 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 | 133.79 | +1195% | 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 | 19.28 | +87% | 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) | -22.90 | -322% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 10.50 | +2% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
MidCap Financial Investment Corporation 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. On durability MFIC scores 5.7/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are thin or negative - ROIC 1.9%, ROE 4.8%, ROA 1.9% - with debt at 1.53 times equity and a free-cash-flow yield of 64.9%.
The dividend yield is high at 12.68% (payout ratio -419%). 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 | 6 / 9 | ROIC | 1.9% |
|---|---|---|---|
| GLS Moat | 5.7 / 10 | ROE | 4.8% |
| Debt / equity | 1.53 | ROA | 1.9% |
| Free-cash-flow yield | 64.9% | Payout ratio | -419% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 48: Weak
With a Wheel Score of 48 MidCap Financial Investment Corporation sits in the Weak band. It fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 8, big enough - market cap $851M (under $1.0B); Option trading (weak) is its weakest part.
Implied volatility is 40% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 2,293 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 1.0M shares a day on a market cap of $851M, 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 | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 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 | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $851M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 87% below fair value | |
| Premium | Strong | implied volatility 40% | |
| Moat | Fair | moat 5.7/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | Red Flags score 70/100 | |
| Option trading | Weak | 656 contracts a day, 2,293 open interest | |
| Stability | Fair | beta 0.65, $851M 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 MFIC in the nightly calendar.
Analysts downgraded MFIC 1 time in the last 30 days with no upgrades; the latest action was a downgrade by Raymond James on 28 Oct 2026.
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 MidCap Financial Investment Corporation 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 |
|---|---|---|---|---|---|
| MFICL MidCap Financial Investment Corporation 8.00% Notes due 2028 | 25.40 | 76.62 | +67% | 22No options | $851M |
| EEMAX Columbia Emerging Markets Fund | 18.60 | 11.24 | -66% | 9No options | $849M |
| TISVX Transamerica International Sm Cp Val I | 18.87 | - | - | 13No options | $849M |
| VRTS Virtus Investment Partners, Inc. | 128.89 | 203.45 | +37% | 34No options | $854M |
| KBDC Kayne Anderson BDC, Inc. | 13.00 | 27.89 | +53% | 36No options | $858M |
| ASDVX American Century Short Duration Strategic Income Fund - Investor Class | 8.88 | 5.18 | -71% | 14No options | $868M |
| HTD John Hancock Tax-Advantaged Dividend Income Fund | 23.52 | 101.84 | +77% | 24No options | $833M |
| PML Pimco Municipal Income Fund II | 6.95 | 23.36 | +70% | 23No options | $872M |
| MYN BlackRock MuniYield New York Quality Fund, Inc. | 9.27 | 11.98 | +23% | 23No options | $873M |
| BAB Invesco Taxable Municipal Bond ETF | 25.99 | 38.02 | +32% | 29Weak | $877M |
| CHI Calamos Convertible Opportunities and Income Fund | 10.86 | 46.90 | +77% | 26No options | $878M |
| OXLCO Oxford Lane Capital Corp. | 23.80 | 70.18 | +66% | 27No options | $824M |
⚖ Compare MFIC 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 MFIC
Is MFIC undervalued right now?
By the GLS models, yes: at 10.33 the stock is 87% below the average fair value of 76.63 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of MFIC and what does it mean?
MFIC scores 48 out of 100 (Weak) - it fails Wheel Trade Filters 2, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for MFIC?
76.63 per share as of 5 Nov 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 MidCap Financial Investment Corporation report earnings next?
No upcoming earnings date is recorded for MFIC in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does MFIC have listed options, and how liquid are they?
Yes. The nightly snapshot found 32 listed contracts with 2,293 open interest across all expiries and implied volatility of 40% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.