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BTT

Blackrock Municipal 2030 Target Term TrustNYSE:BTT Stock Report

Last Price

US$25.05

Market Cap

US$1.8b

7D

-2.1%

1Y

-1.6%

Updated

19 Jan, 2022

Data

Company Financials
BTT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends2/6

BTT Stock Overview

Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for Blackrock Municipal 2030 Target Term Trust
Historical stock prices
Current Share PriceUS$25.05
52 Week HighUS$27.08
52 Week LowUS$24.82
Beta0.17
1 Month Change-1.65%
3 Month Change-2.53%
1 Year Change-1.61%
3 Year Change15.92%
5 Year Change11.19%
Change since IPO0.20%

Recent News & Updates

May 07

BlackRock Municipal 2030 Target Term Trust declares $0.062 dividend

BlackRock Municipal 2030 Target Term Trust (BTT) declares $0.062/share monthly dividend, in line with previous.Forward yield 2.86%Payable June 1; for shareholders of record May 14; ex-div May 13.See BTT Dividend Scorecard, Yield Chart, & Dividend Growth.

Feb 04

BlackRock Municipal 2030 Target Term Trust declares $0.0624 dividend

BlackRock Municipal 2030 Target Term Trust (BTT) declares $0.0624/share monthly dividend, in line with previous.Forward yield 2.89%Payable March 1; for shareholders of record Feb. 16; ex-div Feb. 12.See BTT Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

BTTUS Capital MarketsUS Market
7D-2.1%-5.5%-4.6%
1Y-1.6%24.6%7.7%

Return vs Industry: BTT underperformed the US Capital Markets industry which returned 25.7% over the past year.

Return vs Market: BTT underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is BTT's price volatile compared to industry and market?
BTT volatility
BTT Average Weekly Movement1.2%
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: BTT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2012n/an/ahttps://www.blackrock.com/investing/products/241461/blackrock-municipal-target-term-trust-fund

Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc. The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax.

Blackrock Municipal 2030 Target Term Trust Fundamentals Summary

How do Blackrock Municipal 2030 Target Term Trust's earnings and revenue compare to its market cap?
BTT fundamental statistics
Market CapUS$1.77b
Earnings (TTM)US$123.95m
Revenue (TTM)US$89.42m

14.2x

P/E Ratio

19.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BTT income statement (TTM)
RevenueUS$89.42m
Cost of RevenueUS$0
Gross ProfitUS$89.42m
Expenses-US$34.53m
EarningsUS$123.95m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.76
Gross Margin100.00%
Net Profit Margin138.61%
Debt/Equity Ratio51.0%

How did BTT perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

43%

Payout Ratio

Valuation

Is Blackrock Municipal 2030 Target Term Trust undervalued compared to its fair value and its price relative to the market?

0.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BTT ($25.05) is trading below our estimate of fair value ($25.27)

Significantly Below Fair Value: BTT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BTT is good value based on its PE Ratio (14.2x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: BTT is good value based on its PE Ratio (14.2x) compared to the US market (17x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BTT is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (42.2x).

Future Growth

How is Blackrock Municipal 2030 Target Term Trust 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 2030 Target 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 Municipal 2030 Target Term Trust performed over the past 5 years?

22.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BTT has a large one-off gain of $53.5M impacting its July 31 2021 financial results.

Growing Profit Margin: BTT's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: BTT's earnings have grown significantly by 22% per year over the past 5 years.

Accelerating Growth: BTT's earnings growth over the past year (20.4%) is below its 5-year average (22% per year).

Earnings vs Industry: BTT earnings growth over the past year (20.4%) underperformed the Capital Markets industry 86.4%.


Return on Equity

High ROE: BTT's Return on Equity (6.4%) is considered low.

Financial Health

How is Blackrock Municipal 2030 Target Term Trust's financial position?


Financial Position Analysis

Short Term Liabilities: BTT's short term assets ($24.6M) do not cover its short term liabilities ($242.2M).

Long Term Liabilities: BTT's short term assets ($24.6M) do not cover its long term liabilities ($749.7M).


Debt to Equity History and Analysis

Debt Level: BTT's net debt to equity ratio (51%) is considered high.

Reducing Debt: BTT's debt to equity ratio has reduced from 52.3% to 51% over the past 5 years.

Debt Coverage: BTT's debt is not well covered by operating cash flow (8.3%).

Interest Coverage: BTT's interest payments on its debt are well covered by EBIT (11.4x coverage).


Balance Sheet

Dividend

What is Blackrock Municipal 2030 Target Term Trust current dividend yield, its reliability and sustainability?

2.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BTT's dividend (2.99%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: BTT's dividend (2.99%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: BTT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BTT has only been paying a dividend for 8 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.6%), BTT's dividend payments are 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?

17.0yrs

Average board tenure


CEO

Blackrock Municipal 2030 Target Term Trust has no CEO, or we have no data on them.


Board Members

Experienced Board: BTT's board of directors are seasoned and experienced ( 17 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 Municipal 2030 Target Term Trust's employee growth, exchange listings and data sources


Key Information


Location

  • Blackrock Municipal 2030 Target Term 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 Analysis2022/01/19 23:48
End of Day Share Price2022/01/19 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.