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BFZ

BlackRock California Municipal Income TrustNYSE:BFZ Stock Report

Last Price

US$14.08

Market Cap

US$441.3m

7D

-1.6%

1Y

1.4%

Updated

16 Jan, 2022

Data

Company Financials
BFZ fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends3/6

BFZ Stock Overview

BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for BlackRock California Municipal Income Trust
Historical stock prices
Current Share PriceUS$14.08
52 Week HighUS$15.95
52 Week LowUS$13.68
Beta0.26
1 Month Change-2.63%
3 Month Change-2.83%
1 Year Change1.37%
3 Year Change13.55%
5 Year Change-4.41%
Change since IPO-7.67%

Recent News & Updates

May 07

BlackRock California Municipal Income Trust declares $0.043 dividend

BlackRock California Municipal Income Trust (BFZ) declares $0.043/share monthly dividend, in line with previous.Forward yield 3.48%Payable June 1; for shareholders of record May 14; ex-div May 13.See BFZ Dividend Scorecard, Yield Chart, & Dividend Growth.

Feb 04

BlackRock California Municipal Income Trust declares $0.038 dividend

BlackRock California Municipal Income Trust (BFZ) declares $0.038/share monthly dividend, in line with previous.Forward yield 3.19%Payable March 1; for shareholders of record Feb. 16; ex-div Feb. 12.See BFZ Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

BlackRock California Municipal Income Trust declares $0.038 dividend

BlackRock California Municipal Income Trust (BFZ) declares $0.038/share monthly dividend, in line with previous.Forward yield 3.22%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See BFZ Dividend Scorecard, Yield Chart, & Dividend Growth.

Nov 03

BlackRock California Municipal Income Trust declares $0.038 dividend

BlackRock California Municipal Income Trust (BFZ) declares $0.038/share monthly dividend, in line with previous.Forward yield 3.49%Payable Dec. 1; for shareholders of record Nov. 16; ex-div Nov. 13.See BFZ Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

BFZUS Capital MarketsUS Market
7D-1.6%-1.6%-0.5%
1Y1.4%30.2%13.7%

Return vs Industry: BFZ underperformed the US Capital Markets industry which returned 30.2% over the past year.

Return vs Market: BFZ underperformed the US Market which returned 13.7% over the past year.

Price Volatility

Is BFZ's price volatile compared to industry and market?
BFZ volatility
BFZ Average Weekly Movement1.1%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: BFZ is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: BFZ's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001n/an/ahttps://www.blackrock.com/investing/products/240213/blackrock-california-municipal-income-trust-usd-fund

BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes.

BlackRock California Municipal Income Trust Fundamentals Summary

How do BlackRock California Municipal Income Trust's earnings and revenue compare to its market cap?
BFZ fundamental statistics
Market CapUS$441.29m
Earnings (TTM)US$28.21m
Revenue (TTM)US$24.29m

15.6x

P/E Ratio

18.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BFZ income statement (TTM)
RevenueUS$24.29m
Cost of RevenueUS$0
Gross ProfitUS$24.29m
Expenses-US$3.92m
EarningsUS$28.21m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.90
Gross Margin100.00%
Net Profit Margin116.13%
Debt/Equity Ratio61.7%

How did BFZ perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

53%

Payout Ratio

Valuation

Is BlackRock California Municipal Income Trust undervalued compared to its fair value and its price relative to the market?

15.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BFZ ($14.08) is trading above our estimate of fair value ($10.67)

Significantly Below Fair Value: BFZ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BFZ is good value based on its PE Ratio (15.6x) compared to the US Capital Markets industry average (15.9x).

PE vs Market: BFZ is good value based on its PE Ratio (15.6x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BFZ is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (42.4x).

Future Growth

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

3.7%

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 California Municipal Income 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 California Municipal Income Trust performed over the past 5 years?

27.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BFZ has a large one-off gain of $10.9M impacting its July 31 2021 financial results.

Growing Profit Margin: BFZ's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: BFZ's earnings have grown significantly by 27.5% per year over the past 5 years.

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

Earnings vs Industry: BFZ had negative earnings growth (-15.1%) over the past year, making it difficult to compare to the Capital Markets industry average (86.4%).


Return on Equity

High ROE: BFZ's Return on Equity (5.5%) is considered low.

Financial Health

How is BlackRock California Municipal Income Trust's financial position?


Financial Position Analysis

Short Term Liabilities: BFZ's short term assets ($9.2M) do not cover its short term liabilities ($317.1M).

Long Term Liabilities: BFZ has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BFZ's net debt to equity ratio (61.6%) is considered high.

Reducing Debt: BFZ's debt to equity ratio has reduced from 68.1% to 61.7% over the past 5 years.

Debt Coverage: BFZ's debt is not well covered by operating cash flow (5.8%).

Interest Coverage: BFZ's interest payments on its debt are well covered by EBIT (12.3x coverage).


Balance Sheet

Dividend

What is BlackRock California Municipal Income Trust current dividend yield, its reliability and sustainability?

3.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BFZ's dividend (3.66%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: BFZ's dividend (3.66%) is in the top 25% of dividend payers in the US market (3.44%)


Stability and Growth of Payments

Stable Dividend: BFZ's dividend payments have been volatile in the past 10 years.

Growing Dividend: BFZ's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.9%), BFZ's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

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

23.5yrs

Average board tenure


CEO

BlackRock California Municipal Income Trust has no CEO, or we have no data on them.


Board Members

Experienced Board: BFZ's board of directors are seasoned and experienced ( 23.5 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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BlackRock California Municipal Income Trust's employee growth, exchange listings and data sources


Key Information


Location

  • BlackRock California Municipal Income Trust
  • 100 Bellevue Parkway
  • Wilmington
  • Delaware
  • 19809
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:04
End of Day Share Price2022/01/14 00:00
Earnings2021/07/31
Annual Earnings2021/07/31


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.