MFS MUNICIPAL INCOME TRUST (MFM) Fundamental Analysis & Valuation

NYSE:MFM • US5527381066

5.49 USD
+0.02 (+0.37%)
Last: Mar 10, 2026, 08:04 PM
Overview Stock Chart Technical Analysis News

This MFM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

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


Dividend Valuation Growth Profitability Health

3

1. MFM Profitability Analysis

1.1 Basic Checks

  • In the past year MFM was profitable.
  • In the past year MFM had a positive cash flow from operations.
  • In multiple years MFM reported negative net income over the last 5 years.
  • MFM had a positive operating cash flow in each of the past 5 years.
MFM Yearly Net Income VS EBIT VS OCF VS FCFMFM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M -60M

1.2 Ratios

  • The last Return On Invested Capital (2.27%) for MFM is above the 3 year average (2.24%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.12%
ROE 2.24%
ROIC 2.27%
ROA(3y)-2.34%
ROA(5y)-0.34%
ROE(3y)-2.13%
ROE(5y)-0.2%
ROIC(3y)2.24%
ROIC(5y)2.28%
MFM Yearly ROA, ROE, ROICMFM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

1.3 Margins

  • MFM's Profit Margin has improved in the last couple of years.
  • MFM's Operating Margin has declined in the last couple of years.
  • In the last couple of years the Gross Margin of MFM has declined.
Industry RankSector Rank
OM 56.41%
PM (TTM) 43.88%
GM 55.43%
OM growth 3Y-9.16%
OM growth 5Y-4.55%
PM growth 3Y23.06%
PM growth 5Y14.18%
GM growth 3Y-10.45%
GM growth 5Y-5.14%
MFM Yearly Profit, Operating, Gross MarginsMFM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 -400

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5

2. MFM Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for MFM has been reduced compared to 1 year ago.
  • Compared to 5 years ago, MFM has less shares outstanding
  • MFM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
MFM Yearly Shares OutstandingMFM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
MFM Yearly Total Debt VS Total AssetsMFM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.2 Solvency

  • An Altman-Z score of 7.06 indicates that MFM is not in any danger for bankruptcy at the moment.
  • There is no outstanding debt for MFM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 7.06
ROIC/WACCN/A
WACCN/A
MFM Yearly LT Debt VS Equity VS FCFMFM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.3 Liquidity

  • A Current Ratio of 0.01 indicates that MFM may have some problems paying its short term obligations.
  • A Quick Ratio of 0.01 indicates that MFM may have some problems paying its short term obligations.
Industry RankSector Rank
Current Ratio 0.01
Quick Ratio 0.01
MFM Yearly Current Assets VS Current LiabilitesMFM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M

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2

3. MFM Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 11.76% over the past year.
  • MFM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.74% yearly.
  • MFM shows a small growth in Revenue. In the last year, the Revenue has grown by 0.66%.
  • Measured over the past years, MFM shows a decrease in Revenue. The Revenue has been decreasing by -3.79% on average per year.
EPS 1Y (TTM)11.76%
EPS 3Y24.19%
EPS 5Y9.74%
EPS Q2Q%-123.68%
Revenue 1Y (TTM)0.66%
Revenue growth 3Y1.45%
Revenue growth 5Y-3.79%
Sales Q2Q%1.41%

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.
MFM Yearly Revenue VS EstimatesMFM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M

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0

4. MFM Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 28.89, MFM can be considered very expensive at the moment.
  • When comparing the Price/Earnings ratio of MFM to the average of the S&P500 Index (26.25), we can say MFM is valued inline with the index average.
Industry RankSector Rank
PE 28.89
Fwd PE N/A
MFM Price Earnings VS Forward Price EarningsMFM 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 21.39
EV/EBITDA N/A
MFM Per share dataMFM 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)2.97
EPS Next 2YN/A
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. MFM Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.12%, MFM is a good candidate for dividend investing.
  • MFM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.12%

5.2 History

  • The dividend of MFM decreases each year by -6.50%.
  • MFM has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of MFM decreased recently.
Dividend Growth(5Y)-6.5%
Div Incr Years1
Div Non Decr Years1
MFM Yearly Dividends per shareMFM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3

5.3 Sustainability

  • MFM pays out 139.55% of its income as dividend. This is not a sustainable payout ratio.
DP139.55%
EPS Next 2YN/A
EPS Next 3YN/A
MFM Yearly Income VS Free CF VS DividendMFM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M -60M
MFM Dividend Payout.MFM Dividend Payout, showing the Payout Ratio.MFM Dividend Payout.PayoutRetained Earnings

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MFM Fundamentals: All Metrics, Ratios and Statistics

MFS MUNICIPAL INCOME TRUST

NYSE:MFM (3/10/2026, 8:04:00 PM)

5.49

+0.02 (+0.37%)

Chartmill FA Rating
GICS SectorN/A
GICS IndustryGroupN/A
GICS IndustryN/A
Earnings (Last)12-30
Earnings (Next)06-23
Inst Owners34.3%
Inst Owner Change6.57%
Ins OwnersN/A
Ins Owner Change0%
Market Cap226.13M
Revenue(TTM)17.23M
Net Income(TTM)7.56M
Analysts0
Price TargetN/A
Short Float %0.05%
Short Ratio0.19
Dividend
Industry RankSector Rank
Dividend Yield 5.12%
Yearly Dividend0.24
Dividend Growth(5Y)-6.5%
DP139.55%
Div Incr Years1
Div Non Decr Years1
Ex-Date02-17
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 28.89
Fwd PE N/A
P/S 13.12
P/FCF 21.39
P/OCF 21.39
P/B 0.67
P/tB 0.67
EV/EBITDA N/A
EPS(TTM)0.19
EY3.46%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.26
FCFY4.67%
OCF(TTM)0.26
OCFY4.67%
SpS0.42
BVpS8.21
TBVpS8.21
PEG (NY)N/A
PEG (5Y)2.97
Graham Number5.92
Profitability
Industry RankSector Rank
ROA 2.12%
ROE 2.24%
ROCE 2.88%
ROIC 2.27%
ROICexc 2.27%
ROICexgc 2.27%
OM 56.41%
PM (TTM) 43.88%
GM 55.43%
FCFM 61.35%
ROA(3y)-2.34%
ROA(5y)-0.34%
ROE(3y)-2.13%
ROE(5y)-0.2%
ROIC(3y)2.24%
ROIC(5y)2.28%
ROICexc(3y)2.24%
ROICexc(5y)2.28%
ROICexgc(3y)2.24%
ROICexgc(5y)2.28%
ROCE(3y)2.84%
ROCE(5y)2.88%
ROICexgc growth 3Y-2.28%
ROICexgc growth 5Y-4.73%
ROICexc growth 3Y-2.28%
ROICexc growth 5Y-4.73%
OM growth 3Y-9.16%
OM growth 5Y-4.55%
PM growth 3Y23.06%
PM growth 5Y14.18%
GM growth 3Y-10.45%
GM growth 5Y-5.14%
F-Score7
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 2.09
Cash Conversion N/A
Profit Quality 139.82%
Current Ratio 0.01
Quick Ratio 0.01
Altman-Z 7.06
F-Score7
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)11.76%
EPS 3Y24.19%
EPS 5Y9.74%
EPS Q2Q%-123.68%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.66%
Revenue growth 3Y1.45%
Revenue growth 5Y-3.79%
Sales Q2Q%1.41%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y5.08%
EBIT growth 3Y-7.84%
EBIT growth 5Y-8.17%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y9.99%
FCF growth 3Y-8.1%
FCF growth 5Y-6.33%
OCF growth 1Y9.99%
OCF growth 3Y-8.1%
OCF growth 5Y-6.33%

MFS MUNICIPAL INCOME TRUST / MFM FAQ

What is the ChartMill fundamental rating of MFS MUNICIPAL INCOME TRUST (MFM) stock?

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


Can you provide the valuation status for MFS MUNICIPAL INCOME TRUST?

ChartMill assigns a valuation rating of 0 / 10 to MFS MUNICIPAL INCOME TRUST (MFM). This can be considered as Overvalued.


What is the profitability of MFM stock?

MFS MUNICIPAL INCOME TRUST (MFM) has a profitability rating of 3 / 10.


Can you provide the PE and PB ratios for MFM stock?

The Price/Earnings (PE) ratio for MFS MUNICIPAL INCOME TRUST (MFM) is 28.89 and the Price/Book (PB) ratio is 0.67.


What is the financial health of MFS MUNICIPAL INCOME TRUST (MFM) stock?

The financial health rating of MFS MUNICIPAL INCOME TRUST (MFM) is 5 / 10.