# Western Asset High Income Fund II Inc. (HIX) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $3.88, market value $349 million.

## Valuation
- **P/E (trailing): 7.6×** (5-yr avg 8.0×, 3-yr avg 8.0×). Western Asset High Income Fund II Inc. trades at 7.6× trailing earnings, close to its own five-year average of 8.0×. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 7.5×**. Each dollar of revenue is priced at 7.5×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 21.4%** (5-yr avg 0.7%). Free cash flow equals 21.4% of the market value, above its five-year average of 0.7%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 13.1%**. The inverse of the P/E: 13.1% of the price is earned each year.

## Profitability
- **Net margin: 98.6%**. 98.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.2%**. 12.2% on shareholders' equity is solid.
- **Return on assets: 8.1%**. Each dollar of assets produces 8.1% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 41.9%**. Revenue grew 41.9% over the last year.
- **Free-cash-flow growth (3 yr): 8.5%/yr**. Free cash flow has compounded at 8.5% a year over three years.

## Financial health
- **Cash and short-term investments: $6 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 15.15%** ($0.59 per share, trailing). Western Asset High Income Fund II Inc. yields 15.15%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 125%** (77% of free cash flow). The dividend exceeds earnings (125% payout), though free cash flow still covers it.
- **Consecutive years of increases: 7**. 7 straight years of increases.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): 2.4%** (YTD 1.5%, 3-mo 1.5%). The shares are up 2.4% over twelve months including dividends.
- **From 52-week high: -11.8%** (3.5% above the low). Trading 12% 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): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 0.46** (volatility 13%). Beta of 0.46 against the S&P 500: the shares move much less than the market.

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

Not investment advice.