# Calamos Convertible and High Income Fund (CHY) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Capital Markets. Price $12.85, market value $1.0 billion.

## Valuation
- **P/E (trailing): 3.1×** (5-yr avg 4.2×, 3-yr avg 4.2×). Calamos Convertible and High Income Fund trades at 3.1× trailing earnings, well below its own five-year average of 4.2×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 5.5×**. Each dollar of revenue is priced at 5.5×.
- **Price / book: 1.0×**. The shares trade at 1.0× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 8.2%** (5-yr avg 16.2%). Free cash flow equals 8.2% of the market value, below its five-year average of 16.2%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 32.7%**. The inverse of the P/E: 32.7% of the price is earned each year.

## Profitability
- **Net margin: 99.6%**. 99.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 21.0%**. 21.0% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on assets: 14.0%**. Each dollar of assets produces 14.0% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 4.0%**. Revenue grew 4.0% over the last year.
- **Free-cash-flow growth (3 yr): -7.7%/yr**. Free cash flow has compounded at -7.7% a year over three years.

## Dividends
- **Dividend yield: 9.35%** ($1.20 per share, trailing). Calamos Convertible and High Income Fund yields 9.35%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 47%** (104% of free cash flow). 47% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 6**. 6 straight years of increases.
- **Dividend growth (5 yr): 3.3%/yr** (1-yr 0.0%). The dividend has grown 3.3% a year over five years.
- **Shareholder yield: 7.0%**. Dividends plus net buybacks return 7.0% of the market value a year.

## Price and momentum
- **Total return (1 yr): 28.9%** (YTD 19.2%, 3-mo 2.1%). The shares are up 28.9% over twelve months including dividends.
- **From 52-week high: -7.6%** (23.4% above the low). Trading 8% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 0.98** (volatility 18%). Beta of 0.98 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CHY · Page: https://foliofundamentals.com/stocks/chy

Not investment advice.