| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
BTT Stock Overview
Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$25.05 |
| 52 Week High | US$27.08 |
| 52 Week Low | US$24.82 |
| Beta | 0.17 |
| 1 Month Change | -1.65% |
| 3 Month Change | -2.53% |
| 1 Year Change | -1.61% |
| 3 Year Change | 15.92% |
| 5 Year Change | 11.19% |
| Change since IPO | 0.20% |
Recent News & Updates
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.
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
| BTT | US Capital Markets | US 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
| BTT volatility | |
|---|---|
| BTT Average Weekly Movement | 1.2% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2012 | n/a | n/a | https://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
| BTT fundamental statistics | |
|---|---|
| Market Cap | US$1.77b |
| Earnings (TTM) | US$123.95m |
| Revenue (TTM) | US$89.42m |
14.2x
P/E Ratio19.8x
P/S RatioIs BTT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BTT income statement (TTM) | |
|---|---|
| Revenue | US$89.42m |
| Cost of Revenue | US$0 |
| Gross Profit | US$89.42m |
| Expenses | -US$34.53m |
| Earnings | US$123.95m |
Last Reported Earnings
Jul 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.76 |
| Gross Margin | 100.00% |
| Net Profit Margin | 138.61% |
| Debt/Equity Ratio | 51.0% |
How did BTT perform over the long term?
See historical performance and comparisonDividends
3.0%
Current Dividend Yield43%
Payout RatioValuation
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
- Name: Blackrock Municipal 2030 Target Term Trust
- Ticker: BTT
- Exchange: NYSE
- Founded: 2012
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$1.766b
- Shares outstanding: 70.51m
- Website: https://www.blackrock.com/investing/products/241461/blackrock-municipal-target-term-trust-fund
Location
- Blackrock Municipal 2030 Target Term Trust
- 100 Bellevue Parkway
- Wilmington
- Delaware
- 19809
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:48 |
| End of Day Share Price | 2022/01/19 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.