Blackrock Corporate High Yield Fund Inc. Common Stock (HYT)

FairStock Score: 66/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look first for understandable economics and a margin of safety. This is not an operating company but a closed-end fund that owns mostly below-investment-grade corporate bonds. At the 2026-10-13 close of $7.85, FairStock's P/B calculation is 0.81, and its Graham Number is $11.14, giving a 29.53% margin of safety by that measure. That discount to book is the main attraction, along with an 11.69% dividend yield and a beta of 0.59. The fund is also near the bottom of its 52-week range of $7.70-$9.55, and the FairStock Score is 66/100. But I must weigh the credit risk: the portfolio focuses on bonds rated Ba/BB or lower. FairStock's P/E is 13.08, ROE is 6.04%, ROCE is 3.99%, and D/E is 0.38, so leverage is present and returns on capital are modest. The Piotroski F-Score is 0/9 and the Altman Z-Score is 1.03, both weak, though those tools were not designed for a fund. The Lynch category is 'none' because only 0 years of filed results are available and three are needed; revenue and profit growth are N/A. My conclusion: this looks like a cigar-butt situation, cheap versus book and high-yielding, but dependent on orderly credit markets. If defaults stay low and the discount narrows, returns can be attractive. If credit deteriorates, leverage can turn the apparent bargain into a trap. I would want more filed history and evidence that distributions are covered before treating it as a durable value.

In plain English: BlackRock Corporate High Yield Fund is a closed-end fund that invests in lower-rated corporate bonds around the world. It looks moderately strong because it pays a high income and trades below its accounting value, but it uses borrowed money and holds risky credit. At $7.85, the price looks cheap compared with its book value and a calculated value, though there is not enough filed history to judge its long-term record.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer