BlackRock Municipal 2020 Term Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc.
Share Price & News
How has BlackRock Municipal 2020 Term Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BKK has not had significant price volatility in the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: BKK underperformed the US Capital Markets industry which returned 17.9% over the past year.
Return vs Market: BKK underperformed the US Market which returned 19.3% over the past year.
Price Volatility Vs. Market
How volatile is BlackRock 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
Is BlackRock Municipal 2020 Term Trust undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate BKK's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate BKK's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: BKK is good value based on its PE Ratio (-269.3x) compared to the Capital Markets industry average (35.3x).
PE vs Market: BKK is good value based on its PE Ratio (-269.3x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BKK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BKK is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (6.8x).
How is BlackRock Municipal 2020 Term Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 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.
How has BlackRock Municipal 2020 Term Trust performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: BKK has a large one-off loss of $3.4M impacting its December 31 2018 financial results.
Growing Profit Margin: BKK's current net profit margins (47.7%) are higher than last year (11.7%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if BKK's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare BKK's past year earnings growth to its 5-year average.
Earnings vs Industry: BKK earnings growth over the past year (265.2%) exceeded the Capital Markets industry 8.4%.
Return on Equity
High ROE: BKK's Return on Equity (1.6%) is considered low.
Return on Assets
Return on Capital Employed
How is BlackRock 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
Inventory Level: BKK has a low level of unsold assets or inventory.
Debt Coverage by Assets: BKK's debt is covered by short term assets (assets are 17.7x debt).
Financial Institutions Analysis
Asset Level: BKK's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if BKK has a sufficient allowance for bad loans.
Low Risk Liabilities: BKK reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if BKK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BKK has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if BKK has an appropriate level of bad loans.
What is BlackRock Municipal 2020 Term Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BKK's dividend (0.8%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: BKK's dividend (0.8%) is low compared to the top 25% of dividend payers in the US market (3.71%).
Stability and Growth of Payments
Stable Dividend: BKK is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: BKK 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: BKK is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BKK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
BlackRock Municipal 2020 Term Trust has no CEO, or we have no data on them.
|Interested Trustee||9.1yrs||no data||no data|
|Chair of the Board||13.1yrs||US$3.97k||0.00052% $1.6k|
|Non-Interested Trustee||13.1yrs||US$3.22k||0.00049% $1.5k|
|Non-Interested Trustee||13.1yrs||US$2.51k||no data|
|Non-Interested Trustee||13.1yrs||US$3.01k||no data|
|Non-Interested Trustee||13.1yrs||US$2.71k||no data|
|Vice Chair of the Boards||13.1yrs||US$3.77k||no data|
|Non-Interested Trustee||13.1yrs||US$2.76k||no data|
|Non-Interested Trustee||9.1yrs||US$2.76k||no data|
|Non-Interested Trustee||13.1yrs||US$2.61k||0.00095% $2.9k|
Experienced Board: BKK's board of directors are seasoned and experienced ( 13.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
BlackRock Municipal 2020 Term Trust's company bio, employee growth, exchange listings and data sources
- Name: BlackRock Municipal 2020 Term Trust
- Ticker: BKK
- Exchange: NYSE
- Founded: 2003
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$302.740m
- Shares outstanding: 20.24m
- Website: https://www.blackrock.com/investing/products/240230/blackrock-municipal-2020-term-trust-usd-fund
- BlackRock Municipal 2020 Term Trust
- 100 Bellevue Parkway
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BKK||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Sep 2003|
BlackRock 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. BlackRock Municipal 2020 Term Trust was formed on September 30, 2003 and is domiciled in the United States.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 23:59|
|End of Day Share Price||2020/02/20 00:00|
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.