BLACKROCK MUNICIPAL INCOME (MUI)

US09253X1028

11.72  +0.01 (+0.09%)

Fundamental Rating

3

MUI gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 0 industry peers in the Unkown industry. Both the profitability and financial health of MUI have multiple concerns. MUI is quite expensive at the moment. It does show a decent growth rate.



2

1. Profitability

1.1 Basic Checks

In the past year MUI was profitable.
MUI had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: MUI reported negative net income in multiple years.
MUI had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

The last Return On Invested Capital (3.02%) for MUI is above the 3 year average (1.55%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.96%
ROE 2.09%
ROIC 3.02%
ROA(3y)0.97%
ROA(5y)1.2%
ROE(3y)1%
ROE(5y)1.29%
ROIC(3y)1.55%
ROIC(5y)1.64%

1.3 Margins

MUI's Profit Margin has declined in the last couple of years.
In the last couple of years the Operating Margin of MUI has declined.
MUI's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 53.37%
PM (TTM) 27.63%
GM 54.81%
OM growth 3Y-5.93%
OM growth 5Y-4.6%
PM growth 3YN/A
PM growth 5Y-36.78%
GM growth 3Y-5.73%
GM growth 5Y-4.5%

3

2. Health

2.1 Basic Checks

The number of shares outstanding for MUI has been reduced compared to 1 year ago.
The number of shares outstanding for MUI has been increased compared to 5 years ago.
Compared to 1 year ago, MUI has an improved debt to assets ratio.

2.2 Solvency

MUI has an Altman-Z score of 5.28. This indicates that MUI is financially healthy and has little risk of bankruptcy at the moment.
MUI has a debt to FCF ratio of 0.63. This is a very positive value and a sign of high solvency as it would only need 0.63 years to pay back of all of its debts.
A Debt/Equity ratio of 0.05 indicates that MUI is not too dependend on debt financing.
Although MUI does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.63
Altman-Z 5.28
ROIC/WACCN/A
WACCN/A

2.3 Liquidity

MUI has a Current Ratio of 0.05. This is a bad value and indicates that MUI is not financially healthy enough and could expect problems in meeting its short term obligations.
A Quick Ratio of 0.05 indicates that MUI may have some problems paying its short term obligations.
Industry RankSector Rank
Current Ratio 0.05
Quick Ratio 0.05

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 116.78% over the past year.
The earnings per share for MUI have been decreasing by -35.56% on average. This is quite bad
The Revenue has grown by 74.01% in the past year. This is a very strong growth!
Measured over the past years, MUI shows a quite strong growth in Revenue. The Revenue has been growing by 13.52% on average per year.
EPS 1Y (TTM)116.78%
EPS 3YN/A
EPS 5Y-35.56%
EPS growth Q2Q99.23%
Revenue 1Y (TTM)74.01%
Revenue growth 3Y23.41%
Revenue growth 5Y13.52%
Revenue growth Q2Q98.96%

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.

0

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 26.64, the valuation of MUI can be described as expensive.
When comparing the Price/Earnings ratio of MUI to the average of the S&P500 Index (26.00), we can say MUI is valued inline with the index average.
Industry RankSector Rank
PE 26.64
Fwd PE N/A

4.2 Price Multiples

Industry RankSector Rank
P/FCF 6.5
EV/EBITDA N/A

4.3 Compensation for Growth

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

3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.72%, MUI has a reasonable but not impressive dividend return.
MUI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.48.
Industry RankSector Rank
Dividend Yield 3.72%

5.2 History

MUI has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

MUI pays out 119.82% of its income as dividend. This is not a sustainable payout ratio.
DP119.82%
EPS Next 2YN/A
EPS Next 3YN/A

BLACKROCK MUNICIPAL INCOME

NYSE:MUI (2/22/2024, 2:27:48 PM)

11.72

+0.01 (+0.09%)

Chartmill FA Rating
GICS SectorN/A
GICS IndustryGroupN/A
GICS IndustryN/A
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap858.49M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 3.72%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 26.64
Fwd PE N/A
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.96%
ROE 2.09%
ROCE
ROIC
ROICexc
ROICexgc
OM 53.37%
PM (TTM) 27.63%
GM 54.81%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.05
Quick Ratio 0.05
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)116.78%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)74.01%
Revenue growth 3Y23.41%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y