| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
BFZ Stock Overview
BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$14.08 |
| 52 Week High | US$15.95 |
| 52 Week Low | US$13.68 |
| Beta | 0.26 |
| 1 Month Change | -2.63% |
| 3 Month Change | -2.83% |
| 1 Year Change | 1.37% |
| 3 Year Change | 13.55% |
| 5 Year Change | -4.41% |
| Change since IPO | -7.67% |
Recent News & Updates
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.
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.
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.
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
| BFZ | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -1.6% | -1.6% | -0.5% |
| 1Y | 1.4% | 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
| BFZ volatility | |
|---|---|
| BFZ Average Weekly Movement | 1.1% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | n/a | n/a | https://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
| BFZ fundamental statistics | |
|---|---|
| Market Cap | US$441.29m |
| Earnings (TTM) | US$28.21m |
| Revenue (TTM) | US$24.29m |
15.6x
P/E Ratio18.2x
P/S RatioIs BFZ overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BFZ income statement (TTM) | |
|---|---|
| Revenue | US$24.29m |
| Cost of Revenue | US$0 |
| Gross Profit | US$24.29m |
| Expenses | -US$3.92m |
| Earnings | US$28.21m |
Last Reported Earnings
Jul 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.90 |
| Gross Margin | 100.00% |
| Net Profit Margin | 116.13% |
| Debt/Equity Ratio | 61.7% |
How did BFZ perform over the long term?
See historical performance and comparisonDividends
3.7%
Current Dividend Yield53%
Payout RatioValuation
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
- Name: BlackRock California Municipal Income Trust
- Ticker: BFZ
- Exchange: NYSE
- Founded: 2001
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$441.291m
- Shares outstanding: 31.34m
- Website: https://www.blackrock.com/investing/products/240213/blackrock-california-municipal-income-trust-usd-fund
Location
- BlackRock California Municipal Income Trust
- 100 Bellevue Parkway
- Wilmington
- Delaware
- 19809
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:04 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/07/31 |
| Annual Earnings | 2021/07/31 |
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.