PIONEER MUNICIPAL HIGH INC (MAV) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:MAV • US7237621005

8.08 USD
+0.01 (+0.12%)
At close: Aug 22, 2025
8.08 USD
0 (0%)
After Hours: 8/22/2025, 8:22:01 PM
Fundamental Rating

3

Taking everything into account, MAV scores 3 out of 10 in our fundamental rating. MAV was compared to 0 industry peers in the Unkown industry. While MAV seems to be doing ok healthwise, there are quite some concerns on its profitability. MAV does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • In the past year MAV was profitable.
  • MAV had a positive operating cash flow in the past year.
  • In multiple years MAV reported negative net income over the last 5 years.
  • MAV had a positive operating cash flow in 4 of the past 5 years.
MAV Yearly Net Income VS EBIT VS OCF VS FCFMAV Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M 60M 80M

1.2 Ratios

Industry RankSector Rank
ROA 0.56%
ROE 0.69%
ROIC 2.7%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
MAV Yearly ROA, ROE, ROICMAV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5

1.3 Margins

  • In the last couple of years the Profit Margin of MAV has declined.
  • MAV's Operating Margin has been stable in the last couple of years.
  • In the last couple of years the Gross Margin of MAV has remained more or less at the same level.
Industry RankSector Rank
OM 63.53%
PM (TTM) 10.39%
GM 65.44%
OM growth 3Y-2.06%
OM growth 5Y0.92%
PM growth 3YN/A
PM growth 5Y-28.69%
GM growth 3Y-2.62%
GM growth 5Y0.73%
MAV Yearly Profit, Operating, Gross MarginsMAV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 100 -100

6

2. Health

2.1 Basic Checks

  • MAV has more shares outstanding than it did 5 years ago.
  • There is no outstanding debt for MAV. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
MAV Yearly Shares OutstandingMAV Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2025 5M 10M 15M 20M
MAV Yearly Total Debt VS Total AssetsMAV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2025 100M 200M 300M 400M

2.2 Solvency

  • MAV has an Altman-Z score of 2.08. This is not the best score and indicates that MAV is in the grey zone with still only limited risk for bankruptcy at the moment.
  • MAV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 2.08
ROIC/WACCN/A
WACCN/A
MAV Yearly LT Debt VS Equity VS FCFMAV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M

2.3 Liquidity

  • MAV has a Current Ratio of 5.63. This indicates that MAV is financially healthy and has no problem in meeting its short term obligations.
  • MAV has a Quick Ratio of 5.63. This indicates that MAV is financially healthy and has no problem in meeting its short term obligations.
Industry RankSector Rank
Current Ratio 5.63
Quick Ratio 5.63
MAV Yearly Current Assets VS Current LiabilitesMAV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2025 5M 10M 15M

0

3. Growth

3.1 Past

  • MAV shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -56.25%.
  • The earnings per share for MAV have been decreasing by -33.79% on average. This is quite bad
  • MAV shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -29.14%.
  • The Revenue has been decreasing by -6.16% on average over the past years.
EPS 1Y (TTM)-56.25%
EPS 3YN/A
EPS 5Y-33.79%
EPS Q2Q%-129.03%
Revenue 1Y (TTM)-29.14%
Revenue growth 3Y-6.32%
Revenue growth 5Y-6.16%
Sales Q2Q%-36%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
MAV Yearly Revenue VS EstimatesMAV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M

0

4. Valuation

4.1 Price/Earnings Ratio

  • MAV is valuated quite expensively with a Price/Earnings ratio of 115.43.
  • MAV's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.92.
Industry RankSector Rank
PE 115.43
Fwd PE N/A
MAV Price Earnings VS Forward Price EarningsMAV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Industry RankSector Rank
P/FCF 17.56
EV/EBITDA N/A
MAV Per share dataMAV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

4

5. Dividend

5.1 Amount

  • MAV has a Yearly Dividend Yield of 4.42%, which is a nice return.
  • Compared to an average S&P500 Dividend Yield of 1.81, MAV pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.42%

5.2 History

  • MAV has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of MAV decreased recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
MAV Yearly Dividends per shareMAV Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

  • 631.97% of the earnings are spent on dividend by MAV. This is not a sustainable payout ratio.
DP631.97%
EPS Next 2YN/A
EPS Next 3YN/A
MAV Yearly Income VS Free CF VS DividendMAV Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M 60M 80M
MAV Dividend Payout.MAV Dividend Payout, showing the Payout Ratio.MAV Dividend Payout.PayoutRetained Earnings

PIONEER MUNICIPAL HIGH INC

NYSE:MAV (8/22/2025, 8:22:01 PM)

After market: 8.08 0 (0%)

8.08

+0.01 (+0.12%)

Chartmill FA Rating
GICS SectorN/A
GICS IndustryGroupN/A
GICS IndustryN/A
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners56.91%
Inst Owner Change-29.27%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap193.19M
Revenue(TTM)14.15M
Net Income(TTM)1.47M
Analysts0
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.42%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP631.97%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 115.43
Fwd PE N/A
P/S 13.65
P/FCF 17.56
P/OCF 17.56
P/B 0.91
P/tB 0.91
EV/EBITDA N/A
EPS(TTM)0.07
EY0.87%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.46
FCFY5.69%
OCF(TTM)0.46
OCFY5.69%
SpS0.59
BVpS8.91
TBVpS8.91
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 0.56%
ROE 0.69%
ROCE 3.42%
ROIC 2.7%
ROICexc 2.7%
ROICexgc 2.7%
OM 63.53%
PM (TTM) 10.39%
GM 65.44%
FCFM 77.74%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y8.7%
ROICexgc growth 5Y4.44%
ROICexc growth 3Y8.7%
ROICexc growth 5Y4.45%
OM growth 3Y-2.06%
OM growth 5Y0.92%
PM growth 3YN/A
PM growth 5Y-28.69%
GM growth 3Y-2.62%
GM growth 5Y0.73%
F-ScoreN/A
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 3.08
Cash Conversion N/A
Profit Quality 748.3%
Current Ratio 5.63
Quick Ratio 5.63
Altman-Z 2.08
F-ScoreN/A
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-56.25%
EPS 3YN/A
EPS 5Y-33.79%
EPS Q2Q%-129.03%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-29.14%
Revenue growth 3Y-6.32%
Revenue growth 5Y-6.16%
Sales Q2Q%-36%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-3.44%
EBIT growth 3Y-8.25%
EBIT growth 5Y-5.29%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-88.89%
FCF growth 3Y-1.01%
FCF growth 5Y-14.92%
OCF growth 1Y-88.89%
OCF growth 3Y-1.01%
OCF growth 5Y-14.92%

PIONEER MUNICIPAL HIGH INC / MAV FAQ

What is the fundamental rating for MAV stock?

ChartMill assigns a fundamental rating of 3 / 10 to MAV.


What is the valuation status for MAV stock?

ChartMill assigns a valuation rating of 0 / 10 to PIONEER MUNICIPAL HIGH INC (MAV). This can be considered as Overvalued.


Can you provide the profitability details for PIONEER MUNICIPAL HIGH INC?

PIONEER MUNICIPAL HIGH INC (MAV) has a profitability rating of 2 / 10.


What are the PE and PB ratios of PIONEER MUNICIPAL HIGH INC (MAV) stock?

The Price/Earnings (PE) ratio for PIONEER MUNICIPAL HIGH INC (MAV) is 115.43 and the Price/Book (PB) ratio is 0.91.