HPI (John Hancock Preferredome Fund) Intrinsic Value: Projected FCF: $28.10 (As of Aug. 26, 2026)

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HPI John Hancock Preferred Income Fund HPI
30 GF Score
Price $15.95
! 6 Warning Signs
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What is John Hancock Preferredome Fund Intrinsic Value: Projected FCF?

John Hancock Preferredome Fund HPI -0.09% 30 Intrinsic Value: Projected FCF is $28.10 as of Aug. 26, 2026. GuruFocus rates HPI with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 1,208 Asset Management companies, John Hancock Preferredome Fund ranks better than 75.33% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-26), John Hancock Preferredome Fund's Intrinsic Value: Projected FCF is $28.10. The stock price of John Hancock Preferredome Fund is $15.945. Therefore, John Hancock Preferredome Fund's Price-to-Intrinsic-Value-Projected-FCF of today is 0.6.

The historical rank and industry rank for John Hancock Preferredome Fund's Intrinsic Value: Projected FCF or its related term are showing as below:

HPI' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.55   Med: 0.57   Max: 0.61
Current: 0.57

During the past 9 years, the highest Price-to-Intrinsic-Value-Projected-FCF of John Hancock Preferredome Fund was 0.61. The lowest was 0.55. And the median was 0.57.

HPI's Price-to-Projected-FCF is ranked better than
75.33% of 1208 companies
in the Asset Management industry
Industry Median: 0.91 vs HPI: 0.57

John Hancock Preferredome Fund  (NYSE:HPI) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

John Hancock Preferredome Fund's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=15.945/28.099679954227
=0.57

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


John Hancock Preferredome Fund Intrinsic Value: Projected FCF Related Terms


John Hancock Preferredome Fund Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for John Hancock Preferredome Fund's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

John Hancock Preferredome Fund Intrinsic Value: Projected FCF Chart

John Hancock Preferredome Fund Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 28.57 28.63 28.10

John Hancock Preferredome Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 28.63 0.00 28.10 0.00

HPI vs EVN, GLAD, DFP: Intrinsic Value: Projected FCF Comparison

For the Asset Management subindustry, John Hancock Preferredome Fund's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


John Hancock Preferredome Fund Price-to-Projected-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where John Hancock Preferredome Fund's Price-to-Projected-FCF falls into.


HPI
30GF Score
John Hancock Preferred Income Fund HPI
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
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John Hancock Preferredome Fund Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get John Hancock Preferredome Fund's Free Cash Flow(6 year avg) = $43.07.

John Hancock Preferredome Fund's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jul25)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*43.066857142857+428.895*0.8)/26.802
=28.10

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of $28.10 mean?
John Hancock Preferredome Fund (HPI) has a Intrinsic Value: Projected FCF of $28.10 as of Aug. 26, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on John Hancock Preferredome Fund and its competitors. According to the industry distribution chart, John Hancock Preferredome Fund ranks #298 out of 1208 companies in the Asset Management industry, placing it in the top 24.7%.
Is John Hancock Preferredome Fund's Intrinsic Value: Projected FCF too high?
John Hancock Preferredome Fund's current Intrinsic Value: Projected FCF is $28.10. The Asset Management industry median Intrinsic Value: Projected FCF is 0.91. John Hancock Preferredome Fund's value of $28.10 is 2987.9% above this industry median. Based on the distribution chart, John Hancock Preferredome Fund ranks #298 out of 1208 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, John Hancock Preferredome Fund has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does John Hancock Preferredome Fund's Intrinsic Value: Projected FCF compare to EVN and GLAD?
According to the Asset Management industry distribution chart, John Hancock Preferredome Fund ranks #298 out of 1208 companies for Intrinsic Value: Projected FCF. This places John Hancock Preferredome Fund in the top 25% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.91. John Hancock Preferredome Fund's value of $28.10 is 2987.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Asset Management company?
The median Intrinsic Value: Projected FCF among Asset Management companies is 0.91, based on 1,208 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. John Hancock Preferredome Fund's current Intrinsic Value: Projected FCF of $28.10 is 2987.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on John Hancock Preferredome Fund and its competitors. For the Asset Management industry, the median Intrinsic Value: Projected FCF is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. John Hancock Preferredome Fund's current Intrinsic Value: Projected FCF is $28.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is John Hancock Preferredome Fund stock overvalued right now?
John Hancock Preferredome Fund (HPI) has a current Intrinsic Value: Projected FCF of $28.10. The current Intrinsic Value: Projected FCF is $28.10 and 2987.9% above the Asset Management industry median of 0.91. John Hancock Preferredome Fund's overall GF Score™ is 30/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For John Hancock Preferredome Fund (HPI), the current Intrinsic Value: Projected FCF is $28.10 as of Aug. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

John Hancock Preferredome Fund Business Description

Address 200 Berkeley Street, Boston, MA, USA, 02116
John Hancock Preferred Income Fund is a closed-end, diversified management investment company. Its primary investment objective is to provide a high-level of current income consistent with preservation of capital. The fund's secondary investment objective is to provide growth of capital to the extent consistent with its primary investment objective. It seeks to achieve its investment objectives by investing in securities that may be undervalued relative to similar securities in the marketplace. The fund's principal investment strategies include investing a majority of its assets in preferred stocks and other preferred securities. Its portfolio composition consists of U.S preferred securities, common stocks, foreign preferred securities, corporate bonds, and short-term investments.
30GF Score

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Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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