NYSE:BFO

Stock Analysis Report

BlackRock Florida Municipal 2020 Term Trust

Executive Summary

BlackRock Florida Municipal 2020 Term Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc.


Snowflake Analysis

Share Price & News

How has BlackRock Florida Municipal 2020 Term Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BFO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.6%

BFO

-8.6%

US Capital Markets

-10.6%

US Market


1 Year Return

1.9%

BFO

4.9%

US Capital Markets

5.2%

US Market

Return vs Industry: BFO underperformed the US Capital Markets industry which returned 4.9% over the past year.

Return vs Market: BFO underperformed the US Market which returned 5.2% over the past year.


Shareholder returns

BFOIndustryMarket
7 Day-0.6%-8.6%-10.6%
30 Day0.6%-7.9%-8.5%
90 Day-0.2%-4.4%-4.6%
1 Year3.3%1.9%7.1%4.9%7.4%5.2%
3 Year2.9%-3.4%25.5%18.4%31.7%23.2%
5 Year8.1%-3.7%65.9%50.7%56.4%39.3%

Price Volatility Vs. Market

How volatile is BlackRock Florida Municipal 2020 Term Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is BlackRock Florida Municipal 2020 Term Trust undervalued compared to its fair value and its price relative to the market?

0.99x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BFO's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BFO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: Insufficient data to calculate BFO's PE Ratio to determine if it is good value compared to the Capital Markets industry average.

PE vs Market: Insufficient data to calculate BFO's PE Ratio to determine if it is good value compared to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BFO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BFO is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (6.2x).

Future Growth

How is BlackRock Florida Municipal 2020 Term Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.9%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BlackRock Florida Municipal 2020 Term Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has BlackRock Florida Municipal 2020 Term Trust performed over the past 5 years?

-46.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: BFO has a large one-off loss of $1.2M impacting its December 31 2018 financial results.

Growing Profit Margin: BFO's current net profit margins (13.5%) are lower than last year (20.2%).


Past Earnings Growth Analysis

Earnings Trend: BFO has become profitable over the past 5 years, growing earnings by 0% per year.

Accelerating Growth: BFO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BFO had negative earnings growth (-46.3%) over the past year, making it difficult to compare to the Capital Markets industry average (8.5%).


Return on Equity

High ROE: BFO's Return on Equity (0.3%) is considered low.

Financial Health

How is BlackRock Florida Municipal 2020 Term Trust's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: BFO has a low level of unsold assets or inventory.

Debt Coverage by Assets: BFO's debt is covered by short term assets (assets are 25577.7x debt).


Financial Institutions Analysis

Asset Level: BFO's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if BFO has a sufficient allowance for bad loans.

Low Risk Liabilities: BFO reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if BFO has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BFO has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if BFO has an appropriate level of bad loans.

Dividend

What is BlackRock Florida Municipal 2020 Term Trust's current dividend yield, its reliability and sustainability?

0.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BFO's dividend (0.21%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: BFO's dividend (0.21%) is low compared to the top 25% of dividend payers in the US market (4.09%).


Stability and Growth of Payments

Stable Dividend: BFO is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: BFO is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BFO's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

How experienced are the management team and are they aligned to shareholders interests?

13.1yrs

Average board tenure


CEO

BlackRock Florida Municipal 2020 Term Trust has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Paul Audet
Interested Trustee9.1yrsno datano data
Richard Cavanagh
Chairman0yrsUS$1.06k0.0019% $1.5k
Frank Fabozzi
Non-Interested Trustee13.1yrsUS$861.00no data
Kathleen Feldstein
Non-Interested Trustee13.1yrsUS$673.00no data
W. Kester
Non-Interested Trustee13.1yrsUS$807.00no data
Jerrold Harris
Non-Interested Trustee13.1yrsUS$727.00no data
Karen Robards
Vice Chairperson0yrsUS$1.01kno data
James Flynn
Non-Interested Trustee13.1yrsUS$740.00no data
Michael Castellano
Non-Interested Trustee8.8yrsUS$740.00no data
Robert Hubbard
Non-Interested Trustee13.1yrsUS$700.00no data

13.1yrs

Average Tenure

72yo

Average Age

Experienced Board: BFO's board of directors are seasoned and experienced ( 13.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

BlackRock Florida Municipal 2020 Term Trust's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • BlackRock Florida Municipal 2020 Term Trust
  • 100 Bellevue Parkway
  • Wilmington
  • Delaware
  • 19809
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BFONYSE (New York Stock Exchange)YesCommon SharesUSUSDSep 2003

Biography

BlackRock Florida Municipal 2020 Term Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds exempt from federal income taxes and Florida intangible personal property tax. BlackRock Florida Municipal 2020 Term Trust was formed on September 30, 2003 and is domiciled in the United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 00:42
End of Day Share Price2020/02/27 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.