Stock fact sheet · data as of
TCW Strategic Income Fund, Inc. (TSI): fair value, margin of safety and Wheel Score
Financial Services · Asset Management - Income · United States · High Yield Income
Is TSI undervalued?
TCW Strategic Income Fund, Inc. (TSI) closed at 4.16 on 16 Oct 2026. The GLS average fair value - the simple average of the 7 valuation models that produced a positive number - is 5.47, so the price sits 24% below it. 5 of the 7 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
The 7 models disagree widely: EPV gives 2.41 while Graham Growth gives 12.39. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files TSI under High Yield Income: a dividend yield above 4%.
Nine valuation models for TSI
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 | 2.97 | -29% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 4.87 | +17% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 12.39 | +198% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 5.41 | +30% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 4.84 | +16% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 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 | 5.37 | +29% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 2.41 | -42% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.2814 | -107% | 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 average - TSI passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 3.8 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are moderate - ROIC 8.0%, ROE 8.0%, ROA 6.9% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 8.77% (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 10/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 8.0% |
|---|---|---|---|
| GLS Moat | 3.8 / 10 | ROE | 8.0% |
| Debt / equity | 0.00 | ROA | 6.9% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 39: No options
TSI has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 98k shares a day on a market cap of $264M, with a beta of 0.33 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 22 / 25 | 24% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 6 / 15 | moat 3.8/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 98k shares/day, $264M cap, beta 0.33 |
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 TSI in the nightly calendar. The shares go ex-dividend on 16 Oct 2026 (0.0283 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management - Income
The 12 companies below are the closest to TCW Strategic Income Fund, Inc. by market cap within the Asset Management - Income 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 |
|---|---|---|---|---|---|
| JGH Nuveen Global High Income Fund | 11.38 | 30.66 | +63% | 39No options | $264M |
| NCZ Virtus Convertible & Income Fund II | 13.97 | 108.62 | +87% | 39No options | $266M |
| RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 12.87 | 24.95 | +48% | 37No options | $254M |
| OIA Invesco Municipal Income Opportunities Trust | 5.76 | 4.97 | -16% | 30No options | $275M |
| PFCOX PFG American Funds Cons Inc Strat R | 9.80 | 11.76 | +17% | 39No options | $278M |
| HPF John Hancock Preferred Income Fund II | 12.98 | 24.81 | +48% | 39No options | $281M |
| EFT Eaton Vance Floating-Rate Income Trust | 10.63 | 12.80 | +17% | 39No options | $283M |
| XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 18.74 | 41.78 | +55% | 39No options | $285M |
| AIHAX Horizon Active Income Fund - Advisor Class | 7.73 | 4.89 | -58% | 17No options | $286M |
| JRI Nuveen Real Asset Income and Growth Fund | 10.48 | 30.40 | +66% | 39No options | $288M |
| TEI Templeton Emerging Markets Income Fund | 6.15 | 36.59 | +83% | 39No options | $290M |
| ERC Allspring Multi-Sector Income Fund | 8.51 | 23.72 | +64% | 39No options | $239M |
⚖ Compare TSI with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about TSI
Is TSI undervalued right now?
By the GLS models, moderately: at 4.16 the stock trades 24% below the average fair value of 5.47 (data as of 16 Oct 2026).
What is the Wheel Score of TSI and what does it mean?
TSI 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 TSI?
5.47 per share as of 16 Oct 2026 - the simple average of the 7 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 TCW Strategic Income Fund, Inc. report earnings next?
No upcoming earnings date is recorded for TSI in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does TSI have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on TSI, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.