Stock fact sheet · data as of
Fundrise Innovation Fund, LLC (VCX): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · High Growth
Is VCX undervalued?
VCX has a margin of safety of 85%: the stock closed at 25.38 on 16 Oct 2026 against a GLS average fair value of 170.56. 6 of the 7 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.
There is a wide gap between DDM (2.57) and GLS Growth (424.32). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files VCX under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for VCX
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 | 59.24 | +133% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 61.00 | +140% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 396.46 | +1462% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 173.28 | +583% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 424.32 | +1572% | 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 | 2.57 | -90% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 77.01 | +203% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 2.05 | -92% | 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
Fundrise Innovation Fund, LLC scores only 4 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. On durability VCX scores 6.3/10 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 28.4%, ROE 29.1%, ROA 28.1% - with debt at 0.02 times equity and negative free cash flow.
The dividend yield is 0.69% with a payout ratio of 2% - a small yield that leaves most of the earnings in the business.
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 28.4% |
|---|---|---|---|
| GLS Moat | 6.3 / 10 | ROE | 29.1% |
| Debt / equity | 0.02 | ROA | 28.1% |
| Free-cash-flow yield | -1.4% | Payout ratio | 2% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 73: Good
With a Wheel Score of 73 - the Good band - Fundrise Innovation Fund, LLC clears the Sunday Scan's "70 or higher" rule. The parts: Value 25/25, Health 9/20, Moat 9/15, Premium 16/20, Stability 13/20; Health (9/20) scores lowest.
Implied volatility is 76% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (16 of 20) because volatility this high usually comes with a reason. Chain open interest is 36,206 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 694k shares a day on a market cap of $1.1B, with a beta of -43.73 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 13 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 85% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 9 / 15 | moat 6.3/10 | |
| Premium | 16 / 20 | implied volatility 76% | |
| Stability | 13 / 20 | 694k shares/day, $1.1B cap, beta -43.73 |
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 VCX 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 Fundrise Innovation Fund, LLC 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.
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| CAM Alliance Bernstein - AB California Intermediate Municipal ETF | 24.31 | 23.16 | -5% | 22No options | $1.1B |
| KLCIX Federated Hermes Kaufmann Large Cap Fund Institutional Shares | 19.34 | 85.04 | +77% | 39No 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 |
| 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 |
| JFR Nuveen Floating Rate Income Fund | 7.32 | 7.92 | +8% | 39No options | $1.2B |
| NBXG Neuberger Next Generation Connectivity Fund Inc. | 15.06 | 91.03 | +83% | 39No options | $1.2B |
| MYI BlackRock MuniYield Quality Fund III, Inc. | 9.78 | 14.39 | +32% | 39No options | $1.2B |
| ARCVX American Century Investments One Choice 2030 Portfolio | 12.79 | 8.52 | -50% | 18No options | $1.1B |
| MPEGX Morgan Stanley Inst Discovery Portfolio;I | 25.02 | 4.62 | -441% | 30No options | $1.2B |
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Start free See the Sunday ScanQuestions about VCX
Is VCX undervalued right now?
By the GLS models, yes: at 25.38 the stock is 85% below the average fair value of 170.56 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of VCX and what does it mean?
VCX scores 73 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for VCX?
170.56 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 Fundrise Innovation Fund, LLC report earnings next?
No upcoming earnings date is recorded for VCX in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does VCX have listed options, and how liquid are they?
Yes. The nightly snapshot found 342 listed contracts with 36,206 open interest across all expiries and implied volatility of 76% 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.