PAXS Stock Analysis: PIMCO Access Income Fund | NYSE
Asset Management | NYSE, USA | Market Cap: 616m USD | 12M Return: -7.2% | US72203T1007 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.88M
Rev. Trend: -89.2%
Warnings
Tailwinds
No distinct edge detected
Seasonality 4.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
PIMCO Access Income Fund (PAXS) is a closed-end fixed income fund launched and managed by Pacific Investment Management Company LLC (PIMCO). It invests across global fixed income markets, with a portfolio that includes corporate debt, mortgage-related and asset-backed securities, government and sovereign debt, taxable municipal bonds, and floating-rate income-producing securities of varying maturities. The fund uses both bottom-up and top-down fundamental analysis to construct its portfolio and is domiciled in the United States.
As a closed-end fund, PAXS trades on an exchange like a stock and issues a fixed number of shares, which can trade at a premium or discount to net asset value-an important distinction from open-end mutual funds. The fund sits within the Asset Management & Custody Banks sub-industry, reflecting PIMCOs role as an external portfolio manager administering investment products on behalf of public investors.
- Fed rate cuts compress floating-rate income yields
- Credit spread widening pressures corporate debt NAV
- Distribution coverage tightens as leverage costs rise
| Net Income: 57.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -1.17 > 1.0 |
| NWC/Revenue: -57.13% < 20% (prev 5.80%; Δ -62.93% < -1%) |
| CFO/TA 0.07 > 3% & CFO 85.5m > Net Income 57.1m |
| Net Debt (424.9m) to EBITDA (57.1m): 7.44 < 3 |
| Current Ratio: 0.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (47.2m) vs 12m ago 6.91% < -2% |
| Gross Margin: 73.25% > 18% (prev 77.66%; Δ -4.41% > 0.5%) |
| Asset Turnover: 6.58% > 50% (prev 9.65%; Δ -3.06% > 0%) |
| Interest Coverage Ratio: 2.73 > 6 (EBIT TTM 57.1m / Interest Expense TTM 20.9m) |
| A: -0.04 (Total Current Assets 2.69m - Total Current Liabilities 47.3m) / Total Assets 1.18b |
| B: -0.18 (Retained Earnings -207.9m / Total Assets 1.18b) |
| C: 0.05 (EBIT TTM 57.1m / Avg Total Assets 1.19b) |
| D: 1.42 (Book Value of Equity 693.5m / Total Liabilities 487.2m) |
| Altman-Z'' = 1.00 = BB |
As of September 27, 2026, the stock is trading at USD 13.23 with a total of 314,689 shares traded. Over the past week, the price has changed by -0.82%, over one month by -5.22%, over three months by -4.07% and over the past year by -7.18%.
Current recommended Stop Loss: 12.90 (which is 2.5% or 1.7 ATR below the current price).
PIMCO Access Income Fund has no consensus analysts rating.
P/E Trailing = 10.7049
P/S = 10.9152
P/B = 0.9008
Revenue TTM = 78.1m USD
EBIT TTM = 57.1m USD
EBITDA TTM = 57.1m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 427.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 424.9m USD (calculated: Debt 427.6m - CCE 2.69m)
Enterprise Value = 1.04b USD (615.8m + Debt 427.6m - CCE 2.69m)
Interest Coverage Ratio = 2.73 (Ebit TTM 57.1m / Interest Expense TTM 20.9m)
EV/FCF = 12.17x (Enterprise Value 1.04b / FCF TTM 85.5m)
FCF Yield = 8.22% (FCF TTM 85.5m / Enterprise Value 1.04b)
FCF Margin = 109.4% (FCF TTM 85.5m / Revenue TTM 78.1m)
Net Margin = 73.11% (Net Income TTM 57.1m / Revenue TTM 78.1m)
Gross Margin = 73.25% ((Revenue TTM 78.1m - Cost of Revenue TTM 20.9m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.88 (Enterprise Value 1.04b / Total Assets 1.18b)
Interest Expense / Debt = 4.89% (Interest Expense 20.9m / Debt 427.6m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 45.1m (EBIT 57.1m * (1 - 21.00%))
Current Ratio = 0.06 (Total Current Assets 2.69m / Total Current Liabilities 47.3m)
Debt / Equity = 0.62 (Debt 427.6m / totalStockholderEquity, last quarter 693.5m)
Debt / EBITDA = 7.44 (Net Debt 424.9m / EBITDA 57.1m)
Debt / FCF = 4.97 (Net Debt 424.9m / FCF TTM 85.5m)
Total Stockholder Equity = 695.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.81% (Net Income 57.1m / Total Assets 1.18b)
RoE = 8.21% (Net Income TTM 57.1m / Total Stockholder Equity 695.9m)
RoCE = 5.04% (EBIT 57.1m / Capital Employed (Total Assets 1.18b - Current Liab 47.3m))
RoIC = 3.99% (NOPAT 45.1m / Invested Capital 1.13b)
WACC = 6.11% (E(615.8m)/V(1.04b) * Re(7.67%) + D(427.6m)/V(1.04b) * Rd(4.89%) * (1-Tc(0.21)))
Discount Rate = 7.67% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 89.05 | Cagr: 4.03%
[DCF] Terminal Value 73.14% ; FCFF base≈91.4m ; Y1≈80.4m ; Y5≈65.2m
[DCF] Fair Price = 13.18 (EV 1.05b - Net Debt 424.9m = Equity 621.5m / Shares 47.2m; r=8.35% [WACC [floored]]; 5y FCF grow -14.77% → 2.50% )
Revenue Correlation: -89.20 | Revenue CAGR: -18.62% | SUE: N/A | # QB: 0