(EFT) Eaton Vance Floating Rate - Overview
Stock: Senior, Secured, Floating, Loans
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 8.96% |
| Yield on Cost 5y | 12.09% |
| Yield CAGR 5y | 7.98% |
| Payout Consistency | 92.4% |
| Payout Ratio | 1.8% |
| Risk 5d forecast | |
|---|---|
| Volatility | 9.64% |
| Relative Tail Risk | -7.30% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.89 |
| Alpha | -16.78 |
| Character TTM | |
|---|---|
| Beta | 0.437 |
| Beta Downside | 0.568 |
| Drawdowns 3y | |
|---|---|
| Max DD | 17.49% |
| CAGR/Max DD | 0.49 |
Description: EFT Eaton Vance Floating Rate December 29, 2025
Eaton Vance Floating-Rate Income Trust (NYSE:EFT) is a closed-ended mutual fund launched on June 29 2004 that invests primarily in senior, secured floating-rate loans issued by U.S. borrowers across a broad set of sectors.
The fund’s portfolio is benchmarked against the S&P/LSTA Leveraged Loan Index, meaning its performance is tied to the broader leveraged-loan market rather than traditional fixed-rate bonds.
As of the most recent filing, EFT reported a 30-day SEC yield of roughly 6.4 % and an expense ratio of 0.90 %, with a weighted-average loan rating near B+ and an average loan maturity of about 5 years, indicating moderate credit risk and interest-rate sensitivity.
Key economic drivers for EFT include the Federal Reserve’s policy stance (higher policy rates tend to benefit floating-rate assets), corporate borrowing trends in the leveraged-loan space, and the health of credit spreads, which can widen during periods of economic stress and compress when liquidity is abundant.
If you want to dig deeper into EFT’s risk-adjusted returns and scenario analyses, ValueRay’s analytics platform offers a concise, data-driven overview worth checking out.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 22.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -2.58 > 1.0 |
| NWC/Revenue: -9.96% < 20% (prev -224.4%; Δ 214.4% < -1%) |
| CFO/TA 0.06 > 3% & CFO 32.0m > Net Income 22.6m |
| Net Debt (164.9m) to EBITDA (24.4m): 6.75 < 3 |
| Current Ratio: 0.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (26.6m) vs 12m ago 0.50% < -2% |
| Gross Margin: 92.48% > 18% (prev 0.92%; Δ 9156 % > 0.5%) |
| Asset Turnover: 10.96% > 50% (prev 10.03%; Δ 0.93% > 0%) |
| Interest Coverage Ratio: 6.39 > 6 (EBITDA TTM 24.4m / Interest Expense TTM 3.39m) |
Altman Z'' -0.98
| A: -0.01 (Total Current Assets 10.8m - Total Current Liabilities 16.8m) / Total Assets 528.2m |
| B: -0.19 (Retained Earnings -101.3m / Total Assets 528.2m) |
| C: 0.04 (EBIT TTM 21.6m / Avg Total Assets 549.2m) |
| D: -0.52 (Book Value of Equity -101.1m / Total Liabilities 194.3m) |
| Altman-Z'' Score: -0.98 = CCC |
What is the price of EFT shares?
Over the past week, the price has changed by -1.23%, over one month by -0.79%, over three months by -0.07% and over the past year by -8.06%.
Is EFT a buy, sell or hold?
- StrongBuy: 0
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the EFT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 12.9 | 14.4% |
EFT Fundamental Data Overview February 04, 2026
P/S = 6.7525
P/B = 0.9066
Revenue TTM = 60.2m USD
EBIT TTM = 21.6m USD
EBITDA TTM = 24.4m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 176.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 164.9m USD (from netDebt column, last quarter)
Enterprise Value = 467.9m USD (303.0m + Debt 176.5m - CCE 11.6m)
Interest Coverage Ratio = 6.39 (Ebit TTM 21.6m / Interest Expense TTM 3.39m)
EV/FCF = 14.64x (Enterprise Value 467.9m / FCF TTM 32.0m)
FCF Yield = 6.83% (FCF TTM 32.0m / Enterprise Value 467.9m)
FCF Margin = 53.12% (FCF TTM 32.0m / Revenue TTM 60.2m)
Net Margin = 37.52% (Net Income TTM 22.6m / Revenue TTM 60.2m)
Gross Margin = 92.48% ((Revenue TTM 60.2m - Cost of Revenue TTM 4.53m) / Revenue TTM)
Gross Margin QoQ = 84.13% (prev 89.21%)
Tobins Q-Ratio = 0.89 (Enterprise Value 467.9m / Total Assets 528.2m)
Interest Expense / Debt = 1.92% (Interest Expense 3.39m / Debt 176.5m)
Taxrate = 21.0% (US default 21%)
NOPAT = 17.1m (EBIT 21.6m * (1 - 21.00%))
Current Ratio = 0.64 (Total Current Assets 10.8m / Total Current Liabilities 16.8m)
Debt / Equity = 0.53 (Debt 176.5m / totalStockholderEquity, last quarter 333.9m)
Debt / EBITDA = 6.75 (Net Debt 164.9m / EBITDA 24.4m)
Debt / FCF = 5.16 (Net Debt 164.9m / FCF TTM 32.0m)
Total Stockholder Equity = 340.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.11% (Net Income 22.6m / Total Assets 528.2m)
RoE = 6.62% (Net Income TTM 22.6m / Total Stockholder Equity 340.9m)
RoCE = 4.23% (EBIT 21.6m / Capital Employed (Total Assets 528.2m - Current Liab 16.8m))
RoIC = 3.77% (NOPAT 17.1m / Invested Capital 452.8m)
WACC = 5.31% (E(303.0m)/V(479.5m) * Re(7.52%) + D(176.5m)/V(479.5m) * Rd(1.92%) * (1-Tc(0.21)))
Discount Rate = 7.52% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.75%
[DCF Debug] Terminal Value 81.89% ; FCFF base≈38.9m ; Y1≈27.3m ; Y5≈14.2m
Fair Price DCF = 10.59 (EV 446.3m - Net Debt 164.9m = Equity 281.4m / Shares 26.6m; r=5.90% [WACC]; 5y FCF grow -35.05% → 2.90% )
EPS Correlation: -63.37 | EPS CAGR: -74.47% | SUE: N/A | # QB: 0
Revenue Correlation: 7.08 | Revenue CAGR: -5.92% | SUE: N/A | # QB: 0