_edited.png)
RISK CONCERN
Investment Strategy, Risk Analysis, and Insights by Chartered Professionals
Eaton Vance Muni Bd (XNYS:EIM) In-Depth Stock/Fundamental/Options Analysis Today
Primary Facts
EIM
Name:
Eaton Vance Muni Bd (XNYS:EIM)
Sector:
112.51M
Industry:
Asset Management
CEO:
Total Employees:
-
Our Technological Advancement Rating
Our Rating:
-
-
ANALYSIS OF ALL CRITICAL FACTORS & RISKS RELATED TO THE STOCK & FUNDAMENTAL/LONG-TERM ANALYSIS OF EATON VANCE MUNI BD(EIM) AS PER DATA ANALYSIS OF LAST 3 YEARS AND COMPARISON WITH COMPETITORS/PEERS, AND ASSET MANAGEMENT INDUSTRY. DATE: 07/09/2022
Primary Targets/Price Insights
Previous Close ($) :
10.51
One Month Price Target:
$10.53
Six Month Price Target :
$10.62
Likely Price in One Year's Time:
Ticker:
$10.72
Likely Trading Range Today Under (Normal Volatility)
$10.49
Price Upper limit ($) :
$10.53
Price Lower limit ($) :
Crash Risk Prep/Key Price Levels (High Volatility/Risk)
Price, as per data analysis, isn't likely to fall below:
Today:
$10.29
This week:
$10.01
This month :
$9.51
Other Primary facts
Market Cap:
865.92M
Market Cap Classification:
Small Cap
Number of Shares
IPO Date:
-
Best/Worst Daily Performance (Last 3+ Years)
Highest Daily Appreciation:
8.27%
-12.84%
Worst Daily Decline:
Our Options Trading Entry Points
Iron Condor entry points for options expiring in 1 week's time
Low risk (<2%) entry points
Buy Call:
Sell Call:
Buy Put:
Sell Put:
$11.55
$11.09
$9.47
$9.93
Medium risk (<10%) entry points
Buy Call
Sell Call
$10.93
Buy Put:
Sell Put:
$10.83
$10.09
$10.19
These entry points can be used for other strategies, such as butterflies, straddles, etc.
Risk-Adjusted returns (Sharpe Ratio) of
EIM
Sharpe Ratio:
-3.34%
Comparison:
EIM, is amongst the top 40% stocks with lowest risk-adjusted returns
Sharpe ratio is -515.13% lower than the industry
& is -246.45% lower than the market/S&P 500 average
Average Returns/Yield of
EIM
Daily returns:
-0.03%
Weekly returns:
-0.13%
Monthly returns:
-0.51%
Yearly returns:
9.18%
Comparison of returns:
Average annual returns/yield (last 3 years) is -166.55% below industry average
Classification:
EIM, is amongst the top 40% lowest yielding stocks in terms of daily returns
Results of T-Test of Returns:
0.02
Statistical test of Returns:
EIM has yielded a lower return than the market, the results are statistically significant
Volatility (measured by Standard Deviation)
Daily Volatility:
1.03%
Weekly Volatility:
2.30%
Monthly Volatility:
4.60%
Yearly Volatility:
15.93%
Volitlilty of last five days (Measured by Standard Deviation)
Average Volatility of this Week:
0.47%
Volatility in last five trading days has been -54.12% below long-term volatility
Value at Risk Analysis (VaR)
Daily VaR:
-2.14%
Weekly VaR:
-4.78%
Monthly VaR:
-9.56%
How Much Can the price of
EIM
Decline in a Recession?
Likely price decline in a recession:
Base case (decline):
-9%
Worst case (decline):
-33.10%
This translates to price declining to:
$9.59
This translates to price declining to:
$7.03
Severe Crash Probability
Risk of crash in next 6/12 months: Low (<25%)
What is Value at Risk (VaR)?
Risk Fundamentals
EIM is -32.56% less risky an investment compared to the market/S&P 500 & is -42.22% less risky than Nasdaq(IXIC)
Risk (measured by volatility) is -60.44% below industry average
Overall, it is amongst the top 50% most risky stocks
Beta Examination of
EIM
Beta in relation to market/S&P 500--0.30
Expected beta in 1 year's time:
-
Expected beta in 3 year's time:
-
Unlevered (debt free) Beta:
-
Beta in relation to Nasdaq (XNAS):
0.23
Beta in relation to all global stocks::
0.29
Beta Comparison & Analysis
Beta of competitors/peers::
0.829
Beta is -63.54% lower than peers
Average Industry Beta:
1.694
Beta is -82.16% below industry average
Sustainable Growth Rate Analysis
Sustainable growth rate for this stock/firm:
5.71%
Sustainable growth rate is -79.74% below industry average
Alpha provided | Alpha Analysis
Alpha provided:
-0.113
Alpha is 103.34% above industry average alpha yield
Alpha is -721% below the market average
Analysis of Cost of Capital of
EIM
Equity cost of capital:
0.052
Equity cost of capital is -64.62% below industry mean WACC
Unlevered (without debt) cost of capital:
-
Before-tax cost of debt:
4.30%
After-tax cost of debt:
3.40%
Overall debt rating:
Lower BB medium grade (Fifth highest grade)
Weighted average cost of capital (WACC):
3.40%
WACC is -38.90% below industry mean WACC
Key Per-Share Metrics & Analysis
Revenue per share:
-
Revenue growth rate per share of (3Y):
0.85
Annual revenue growth rate is -383.84% below industry average
EPS:
-$0.92
Expected Annual growth rate of EPS (3Y):
-31.19%
Expected future EPS growth rate is -212.30% lower than the Asset Management industry
Free cash flow (FCF) per share:
$3.45
Balance sheet equity growth per share: -8.23%
Equity growth rate per share is -138.96% lower than the industry
Debt per share
-
EBITDA per share
-
Valuation Analysis Today of
EIM
P/E Ratio:
-
P/E Ratio of Competitors/Peers:
27.49
-
-
EIM is -170.75% undervalued if valued using industry average P/E ratio
Share value as per dividend discount (DDM) model: $10.46
Present value of the expected future dividends only: $2.53
P/S (Price to Sales ratio):
7.87
Price to sales ratio is 14.81% above the industry mean
P/B (Price to book value ratio):
0.85
Price to free cash flow: 3.04
-
Net income growth rate (3Y):
-309.04%
Net income growth rate is -312.57% lower than the industry average net income growth rate
Dividend Analysis
Dividend payout rate: 41.58%
Dividend yeild: 1.68%
Previous Dividend: $0.04
Previous adjusted dividend: $0.04
Previous Dividend: $0.18
Expected next dividend best case: $0.04
Expected next dividend worst case: $0.04
Average dividend payment (long-term): $0.05
Average dividend increase/decrease (growth rate) % per period: -1.65%
-
-
-
-
-
-
Dividend History:
2022-06-22--$0.04
2022-04-21--$0.05
2022-02-17--$0.05
2022-05-23--$0.05
2022-03-23--$0.05
2022-01-21--$0.05
Dividend growth rate is -129.88% lower than the industry average
In-depth Debt & Leverage Analysis
Debt to equity ratio:
66.54%
Net debt to equity ratio:
66.36%
Debt to assets ratio:
39.45%
Net debt to assets ratio:
39.34%
Debt-to-asset ratio is -24.53% below industry average
Ability to repay debt:
Interest coverage ratio:
4.58
Interest coverage ratio is -92.30% less than industry average
Looking forward:
Debt growth rate:
-11.62%
Annual debt growth is 68% higher than industry average debt growth rate
Debt repayment rate in previous year: 9.39%
Analysis of Key Statistics
Correlation of price movement with the market:
0.46
Statistical significance of correlation:
EIM has a statistically significant correlation with the market
Average Correlation of the industry with the market:
0.576
Stock price is -20.16% less correlated with the market compared to the industry average correlation
R Squared (percentage of price movement explained by movement of the market):
0.576
Correlation of price movement with Nasdaq (^IXIC):
-0.016
Covariance of price movement with the market:
-0.01
Kurtosis
50.453
Returns have severe fat-tails (leptokurtic), i.e., returns considerably higher or lower than the mean returns are considerably more likely, compared to assets with normally distributed returns
Skewness of returns:
-2.074
Returns are left (negative) skewed; mean returns are lower than median and mode returns
Fundamental Analysis & Dupont Analysis of
EIM
Gross Profit Margin Ratio:
123%
Operating Profit Margin Ratio:
36.34%
Operating profit margin is -22.73% lower than the industry
Net Profit Margin Ratio:
123%
Effective Tax Rate:
-
-
Dupont Method
Net Profit Margin
Return on Equity Ratio (ROE):
×
ROA
=
×
10.26%
Return on equity (ROE) is -59.41% lower than the industry
Financial Leverage
Asset Turnover Ratio (ROA):
6.08%
Return on assets (ROA) is 4.24% higher than the industry
Financial Leverage:
1.7x
Current Ratio:
0
-
Cash Conversion Cycle (days):
123.7
Cash conversion cycle is -85.75% below industry average
-
Stock based compensation to net income ratio:
-
In-depth Efficiency Analysis
Revenue generated per employee:
-
-
EBITDA generated per employee:
-
-
Profit generated per employee:
-
-
Free cash flow (FCF) generated per employee:
-
-
Assets/Capital per employee
-
-
Research & Development (R&D) Analysis
-
-
Competitors/Peer firms of
EIM
Cornerstone Strat Value (XNYS:CLM)
Central Securities Corp (XNYS:CET)
ABRDN ASIA-PACIFIC INCOME FUND, INC. (XNYS:FAX)
GAMCO Gl Gld NR & Inc (XNYS:GGN)
Invesco Adv Muni II (XNYS:VKI)
Allspring Income Oppty (XNYS:EAD)
Cornerstone Total Return (XNYS:CRF)
Eaton Vance Ltd Dur Inc (XNYS:EVV)
BAR HARBOR BANKSHARES (XNYS:BHB)
Current Analyst Ratings
Strong buy�0%
Buy�0%
Hold�0%
Sell�0%
Strong sell�0%
Overall analyst sentiment is: -
Income Statement
Period:
TTM
Date:
3/31/20
Revenue:
107.83M
Cost of Revenue:
Gross Profit:
R&D Expense
General & Admin Expenses:
Selling, General & Admin Expenses
Sales and Marketing Expenses
Other Expenses :
Operating Expenses :
Cost & Expenses :
Interest Income:
Interest Expenses:
Depreciation & Amortization:
EBITDA:
Operating Income:
Other Income Expenses:
Income Before Tax:
Income Tax Expense:
Net Income:
Balance Sheet
Date:
Calendar Year:
Period:
Cash & Cash Equivalents:
Short Term Investments:
Cash & Short Term Investments:
Net Receivables:
Inventory:
Other Current Assets:
Total Current Assets:
PP&E:
Goodwill:
Intangible Assets:
Long Term Investments:
Tax Assets:
Other Non-Current Assets:
Total Non-Current Assets:
Other Assets:
Total Assets:
Accounts Payable:
Short Term Debt:
Tax Payables:
Deferred Revenue:
Other Current Liabilities:
Total Current Liabilities:
Long Term Debt:
Other Non-Current Liabilities:
Total Non Current Liabilities:
Other Liabilities:
Total Liabilities:
Common Stock:
Retained Earnings:
Accumulated Other Comprehensive Loss:
Other Total Stockholders' Equity:
Total Stockholders' Equity:
Total Liabilities and Stockholders' Equity:
Total Investments:
Total Debt:
Net Debt:
25.54M
40.03M
-
995.70K
1.34M
-
-
1.34M
-
28.75M
-
131.75M
39.19M
102.99M
102.99M
-
102.99M
Statement of Cash Flow
Date:
Period:
-
Differed Income Tax :
-
Stock Based Compensation :
-
Change in Working Capital :
1.20M
Accounts Receivables:
-
Other Working Capital:
-
Other Non-Cash Items:
75.90M
Net Cash Provided by Operating Activities:
112.51M
Investments in PP&E:
-
Net Acquisitions:
-
Purchases of Investments:
-
Sales/Maturities of Investments:
Other Investing Activities:
Net Cash Used for Investing Activities:
Debt Repayment:
Common Stock Issued:
Common Stock Repurchased:
Dividend Paid:
Other Financing Activities:
Net Cash Used Provided by Financing Activities:
Effect of FOREX on Changes in Cash:
Net Changes in Cash:
Cash at End of Period:
Cash at Beginning of Period:
Operating Cash Flow:
Capital Expenditure:
Free Cash Flow (FCF):
9/30/21
2021
FY
1.74M
-
1.74M
41.84M
-
-
-
-
-
-
1.65B
-
-
-
1.69B
1.69B
1.25M
-
-
-
-
-
667.93M
-
667.93M
1.36B
689.41M
719.53K
110.34M
-
-
September 30, 2021 at 6:00:00 AM
26.37M
1.00B
1.69B
-
667.93M
666.2M
-
-
-
- 69210.00K
-
-
- 42826.53K
-
- 112036.53K
-
473.91K
1.74M
1.27M
112.51M
-
112.51M
Our Proprietary Portfolio Rating
Our Rating:
-
Price Forecast/Expected Price in Next 5 Years of
EIM
2023
2024
2025
2026
2027
$10.77
$5.82
$5.93
$6.06
$6.18