NYSE · Asset Management - Income

Invesco High Income 2023 Target Term Fund (IHIT) Stock

$6.92 -0.22% NYSE: IHIT Financial Services

The Invesco High Income 2023 Target Term Fund is a specialized, closed-end investment vehicle primarily managed by Invesco Advisers, Inc., which focuses its holdings within the U.S. debt markets.

Valuation

MetricValue
Price$6.92
Market Cap$167.09M
P/E Ratio-27.68
P/B Ratio0.82
P/S Ratio-29.05
EPS (TTM)$-0.25
52-Week High$8.32
52-Week Low$6.56
Dividend Yield4.95%

Financials & Margins

MetricValue
ROE-2.88%
ROA-2.15%
ROCE5.83%
Gross Margin100.00%
Operating Margin-286.95%
Net Margin105.99%
Debt/Equity0.39
Current Ratio8.71

Annual Financials (USD)

Metric20182019202020212022
Revenue$21.0M$24.0M$-21.0M$13.0M$-6.0M
Operating Profit$18.0M$17.0M$16.0M$16.0M$17.0M
Net Profit$20.0M$24.0M$-21.0M$13.0M$-6.0M
EPS$0.85$1.01$-0.87$0.52$-0.25
Op Margin88.0%69.3%-76.4%127.3%-286.9%

Balance Sheet (USD)

Metric20182019202020212022
Total Assets$325.0M$336.0M$300.0M$300.0M$283.0M
Total Liabilities$80.0M$81.0M$80.0M$80.0M$80.0M
Cash$1.0M$1.0M$0$1.0M$1.0M
Borrowings$80.0M$80.0M$80.0M$80.0M$80.0M

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Cash Flow (USD)

Metric20182019202020212022
Operating Cash Flow$14.0M$14.0M$20.0M$8.0M$11.0M
Investing Cash Flow$0$0$0$0$0
Financing Cash Flow$0$0$0$0$0
Net Cash Flow$-1.0M$0$6.0M$-4.0M$0
Free Cash Flow$14.0M$14.0M$20.0M$8.0M$11.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.28
EV / EBITDA-79.25
FCF Yield6.52%
Quick Ratio8.71
Interest Coverage5.53
Return 1Y
Return 3Y
Return 5Y

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
ADGYXAB Core Opportunities Fund $27.84 +0.32% $185.04M 0.00%
CBHVirtus Convertible & Income 2024 Target Term Fund $9.19 +0.05% 25.51 $167.75M 4.68%
DCFBNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. $9.24 6.60 $138.61M 4.55%
INSIInsight Select Income Fund $16.23 -1.10% 17.64 $173.88M 1.23%
IVHIvy Funds - Delaware Ivy High Income Opportunities Fund $11.18 -3.54% -3.96 $185.25M 9.52%

About Invesco High Income 2023 Target Term Fund

The Invesco High Income 2023 Target Term Fund is a specialized, closed-end investment vehicle primarily managed by Invesco Advisers, Inc., which focuses its holdings within the U.S. debt markets. Its portfolio additionally includes various debt instruments tied to real estate, notably encompassing commercial mortgage-backed securities (CMBS). To construct its investment allocation, the fund employs a rigorous bottom-up, fundamental analysis methodology. Its investment choices are informed by a blend of both proprietary internal research and insights gathered from external sources. This fund commenced operations on November 23, 2016, and is domiciled in the United States.

Invesco High Income 2023 Target Term Fund is headquartered in US.

Invesco High Income 2023 Target Term Fund (IHIT) stock trades at $6.92 with a market capitalization of $167.09M. The stock is valued at a price-to-earnings (P/E) ratio of -27.68, price-to-book of 0.82, price-to-sales of -29.05. Over the past 52 weeks the stock has ranged between $6.56 and $8.32, and currently trades 16.8% below its 52-week high. It pays a dividend yielding 4.95%.

On profitability, Invesco High Income 2023 Target Term Fund generates a return on equity (ROE) of -2.88%, return on capital employed of 5.83%, an operating margin of -286.95%, a net profit margin of 105.99%.

Official website: www.invesco.com/us/en/Individual-investor.html

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