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Definitive Analysis

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Ticker

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Sector

Page: Earnings Power Value

First Trust Mortgage Income Fund

Ticker: FMY | Industry: Asset Management - Income | Sector: Financial Services
$12.24 -0.04 (-0.33%)
As of: 2026-01-15

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Valuation Snapshot

Intrinsic Range$9.32 — $12.57
Selected Value (Mid)$10.95
Live Price$11.95
Upside / Downside-8.35%

EPV Per Share Breakdown

MetricLowMidHigh
EPV Per Share$9.32$10.95$12.57

Normalized EBIT Margin

ScenarioMargin
Low86.70%
Mid102.00%
High117.30%

Normalized Tax Rate

MetricValue
Tax Rate15.00%

Adjusted Earnings (NOPAT)

ScenarioValue
Low3,879,144
Mid4,563,698
High5,248,253

Capital Structure

ComponentValue
Net Debt-447,387
Shares Outstanding4,213,125
WACC9.99%

Reverse EPV (Market Implied)

If "Implied" > "Actual", market expects profitability to improve.

MetricActual (LTM)Market Implied
EBIT Margin102.00%113.87%
NOPAT (Earnings)4,563,6985,094,950
Enterprise Value45,677,62550,994,869

Valuation Details

MetricLowMidHigh
Enterprise Value38,825,98145,677,62552,529,269
(-) Net Debt-447,387-447,387-447,387
(=) Equity Value39,273,36846,125,01252,976,656
(/) Shares Outstanding4,213,1254,213,1254,213,125
(=) Fair Value$9.32$10.95$12.57
Live Price$11.95$11.95$11.95
Upside %-21.96%-8.35%5.27%

High-Upside EPV Screener

US Market Global Market
« 4 »
Ticker Company Price EPV Upside
ANIK Anika Therapeutics, Inc. $9.66 $12.43 28.68%
MXC Mexco Energy Corporation $10.50 $13.50 28.61%
HTO H2O America $50.65 $65.12 28.56%
0HST.L Campbell Soup Company $26.65 $34.22 28.42%
ASG Liberty All-Star Growth Fund, Inc. $5.44 $6.98 28.40%
PSB PS Business Parks, Inc. $187.44 $240.59 28.36%
FG F&G Annuities & Life, Inc. $28.89 $37.03 28.19%
SMBC Southern Missouri Bancorp, Inc. $59.80 $76.65 28.17%
BXS BancorpSouth Bank $28.76 $36.84 28.11%
TRINL Trinity Capital Inc. - 7.00% No $25.07 $32.06 27.89%
MCY Mercury General Corporation $88.24 $112.73 27.76%
FUNC First United Corporation $37.42 $47.78 27.68%
BTBT Bit Digital, Inc. $2.20 $2.79 26.85%
EBSB Meridian Bancorp, Inc. $24.15 $30.62 26.80%
FINS Angel Oak Financial Strategies Income Term Trust $13.23 $16.77 26.76%
RBNC Reliant Bancorp, Inc. $35.50 $44.98 26.71%
MHO M/I Homes, Inc. $128.69 $163.03 26.68%
VC Visteon Corporation $103.62 $131.19 26.61%
MAV Pioneer Municipal High Income Advantage Fund, Inc. $8.12 $10.26 26.34%
NBHC National Bank Holdings Corporation $39.51 $49.91 26.32%
AMAL Amalgamated Financial Corp. $33.44 $42.20 26.19%
CASH Pathward Financial, Inc. $74.53 $93.98 26.10%
PIRS Pieris Pharmaceuticals, Inc. $13.60 $17.14 26.00%
VTN Invesco Trust for Investment Grade New York Municipals $11.50 $14.47 25.87%
FSD First Trust High Income Long/Short Fund $12.22 $15.38 25.82%
THG The Hanover Insurance Group, Inc. $177.17 $222.90 25.81%
PTCT PTC Therapeutics, Inc. $76.70 $96.37 25.64%
RIGL Rigel Pharmaceuticals, Inc. $43.28 $54.32 25.52%
CLNC Colony Credit Real Estate, Inc. $10.32 $12.95 25.50%
SMMCX Western Asset Managed Municipals Fund Class C $14.94 $18.75 25.50%
DUKB Duke Energy Corporation 5.625% $24.65 $30.93 25.49%
SD SandRidge Energy, Inc. $13.61 $17.06 25.38%
HAFC Hanmi Financial Corporation $27.66 $34.57 24.99%
CZWI Citizens Community Bancorp, Inc. $17.69 $22.10 24.95%
BCSF Bain Capital Specialty Finance, Inc. $14.02 $17.48 24.69%
SJW SJW Group $51.84 $64.62 24.64%
NBBK NB Bancorp, Inc. Common Stock $19.96 $24.85 24.48%
CBAN Colony Bankcorp, Inc. $17.91 $22.20 23.98%
MSIF MSC Income Fund, Inc. $13.26 $16.43 23.92%
NBN Northeast Bank $107.59 $133.32 23.91%
FBP First BanCorp. $21.25 $26.24 23.49%
SWKH SWK Holdings Corporation $17.30 $21.36 23.46%
JBSS John B. Sanfilippo & Son, Inc. $69.82 $85.90 23.03%
CTBI Community Trust Bancorp, Inc. $57.11 $70.09 22.73%
MO Altria Group, Inc. $55.16 $67.54 22.45%
ESRT Empire State Realty Trust, Inc. $6.56 $8.02 22.21%
HRMY Harmony Biosciences Holdings, Inc. $36.75 $44.89 22.16%
FCCO First Community Corporation $29.65 $36.19 22.04%
FDUS Fidus Investment Corporation $19.71 $24.03 21.92%
HOME At Home Group Inc. $36.99 $45.09 21.91%