First Trust Mortgage Income Fund (FMY) Stock Score, Valuation & Financial Research
First Trust Mortgage Income Fund is in the Financial Services sector and Asset Management - Income industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. The current Wall Street Score is 74/100.
Quick answer for FMY
First Trust Mortgage Income Fund currently has a Wall Street Score of 74/100. The stored market price is $11.4. Its financial score is 20/100. Its valuation score is 100/100. These figures are a research snapshot, not a buy or sell recommendation.
What First Trust Mortgage Income Fund does
The First Trust Mortgage Income Fund operates as a closed-end mutual fund primarily focused on generating income. It is managed by First Trust Advisors L.P., with Brookfield Investment Management Inc. sharing co-management responsibilities. The fund's investment mandate centers on the fixed income markets, specifically targeting a range of fixed income securities. A significant portion of its portfolio is dedicated to mortgage-backed securities (MBS), encompassing diverse categories such as pass-through certificates, collateralized mortgage obligations (CMOs), and both residential and commercial mortgage-backed instruments. Established on May 25, 2005, this U.S.-domiciled fund was initially known as the First Trust/FIDAC Mortgage Income Fund.
FMY financial snapshot
- Wall Street Score:
- 74/100
- Current price:
- $11.4
- Market capitalization:
- $48.0M
- Revenue:
- $6.5M
- Net income:
- $7.4M
- Free cash flow:
- $0
- Cash:
- $376K
- Total debt:
- $26K
- EPS:
- 1.76
- P/E ratio:
- 6.5x
- Financial score:
- 20/100
- Valuation score:
- 100/100
- Revenue score:
- 76/100
What stands out
- Reported year-over-year revenue growth is +1.0%.
- Free cash flow is $0, showing positive cash generation.
- The balance sheet shows $376K of cash versus $26K of total debt, leaving more cash than debt.
- The current research record carries a listed fund vehicle warning, which should be reviewed alongside the score.
What the numbers mean
Its current valuation score is 100/100, which Wall Street Score classifies as strong within the model's valuation framework.
The financial score is 20/100. This is a starting point for reviewing liquidity, leverage and cash-flow strength rather than a stand-alone recommendation.
A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.
Data freshness: Financial data last refreshed 2026-09-08.
How to research FMY
Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.
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Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.