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BLE

BlackRock Municipal Income Trust IINYSE:BLE Stock Report

Last Price

US$13.98

Market Cap

US$680.4m

7D

-5.8%

1Y

-9.9%

Updated

21 Jan, 2022

Data

Company Financials
BLE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends3/6

BLE Stock Overview

BlackRock Municipal Income Trust II 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 Municipal Income Trust II
Historical stock prices
Current Share PriceUS$13.98
52 Week HighUS$16.29
52 Week LowUS$13.95
Beta0.32
1 Month Change-7.84%
3 Month Change-8.09%
1 Year Change-9.92%
3 Year Change-0.85%
5 Year Change-4.90%
Change since IPO-6.86%

Recent News & Updates

May 07

BlackRock Municipal Income Trust II declares $0.062 dividend

BlackRock Municipal Income Trust II (BLE) declares $0.062/share monthly dividend, -3.1% decrease from prior dividend of $0.064.Forward yield 4.82%Payable June 1; for shareholders of record May 14; ex-div May 13.See BLE Dividend Scorecard, Yield Chart, & Dividend Growth.

Feb 04

BlackRock Municipal Income Trust II declares $0.062 dividend

BlackRock Municipal Income Trust II (BLE) declares $0.062/share monthly dividend, in line with previous.Forward yield 4.83%Payable March 1; for shareholders of record Feb. 16; ex-div Feb. 12.See BLE Dividend Scorecard, Yield Chart, & Dividend Growth.

Nov 03

BlackRock Municipal Income Trust II declares $0.062 dividend

BlackRock Municipal Income Trust II (BLE) declares $0.062/share monthly dividend, in line with previous.Forward yield 5.1%Payable Dec. 1; for shareholders of record Nov. 16; ex-div Nov. 13.See BLE Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

BLEUS Capital MarketsUS Market
7D-5.8%-5.5%-4.6%
1Y-9.9%24.6%7.7%

Return vs Industry: BLE underperformed the US Capital Markets industry which returned 24.6% over the past year.

Return vs Market: BLE underperformed the US Market which returned 7.7% over the past year.

Price Volatility

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

Stable Share Price: BLE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: BLE's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/an/ahttps://www.blackrock.com/investing/products/240222/blackrock-municipal-income-trust-ii-usd-fund

BlackRock Municipal Income Trust II 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 primarily invests long-term and short-term investments, and money market funds.

BlackRock Municipal Income Trust II Fundamentals Summary

How do BlackRock Municipal Income Trust II's earnings and revenue compare to its market cap?
BLE fundamental statistics
Market CapUS$680.39m
Earnings (TTM)US$36.82m
Revenue (TTM)US$30.74m

18.5x

P/E Ratio

22.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BLE income statement (TTM)
RevenueUS$30.74m
Cost of RevenueUS$0
Gross ProfitUS$30.74m
Expenses-US$6.08m
EarningsUS$36.82m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.76
Gross Margin100.00%
Net Profit Margin119.78%
Debt/Equity Ratio62.1%

How did BLE perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

98%

Payout Ratio

Valuation

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

18.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BLE ($13.98) is trading above our estimate of fair value ($9.51)

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


Price To Earnings Ratio

PE vs Industry: BLE is poor value based on its PE Ratio (18.5x) compared to the US Capital Markets industry average (15.2x).

PE vs Market: BLE is poor value based on its PE Ratio (18.5x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BLE is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (37.6x).

Future Growth

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

6.3%

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

9.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BLE has a large one-off gain of $16.4M impacting its August 31 2021 financial results.

Growing Profit Margin: BLE's current net profit margins are higher than last year (32.9%).


Past Earnings Growth Analysis

Earnings Trend: BLE's earnings have grown by 9% per year over the past 5 years.

Accelerating Growth: BLE's earnings growth over the past year (365.8%) exceeds its 5-year average (9% per year).

Earnings vs Industry: BLE earnings growth over the past year (365.8%) exceeded the Capital Markets industry 87.1%.


Return on Equity

High ROE: BLE's Return on Equity (5%) is considered low.

Financial Health

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


Financial Position Analysis

Short Term Liabilities: BLE's short term assets ($16.9M) do not cover its short term liabilities ($171.2M).

Long Term Liabilities: BLE's short term assets ($16.9M) do not cover its long term liabilities ($302.7M).


Debt to Equity History and Analysis

Debt Level: BLE's net debt to equity ratio (62.1%) is considered high.

Reducing Debt: BLE's debt to equity ratio has increased from 60.4% to 62.1% over the past 5 years.

Debt Coverage: BLE's debt is not well covered by operating cash flow (7.6%).

Interest Coverage: BLE's interest payments on its debt are well covered by EBIT (9x coverage).


Balance Sheet

Dividend

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

5.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BLE's dividend (5.32%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: BLE's dividend (5.32%) is in the top 25% of dividend payers in the US market (3.49%)


Stability and Growth of Payments

Stable Dividend: BLE's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (98.3%), BLE's dividend payments are not well 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?

15.0yrs

Average board tenure


CEO

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


Board Members

Experienced Board: BLE's board of directors are seasoned and experienced ( 15 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 been substantially diluted in the past year, with total shares outstanding growing by 106.6%.


Top Shareholders

Company Information

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


Key Information


Location

  • BlackRock Municipal Income Trust II
  • 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 Analysis2022/01/21 00:02
End of Day Share Price2022/01/20 00:00
Earnings2021/08/31
Annual Earnings2021/08/31


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.