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Western Asset Emerging Markets Debt Fund

Executive Summary

Western Asset Emerging Markets Debt Fund Inc. More Details


Snowflake Analysis

Share Price & News

How has Western Asset Emerging Markets Debt Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EMD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

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


Market Performance


7 Day Return

-2.1%

EMD

0.2%

US Capital Markets

-1.4%

US Market


1 Year Return

-6.2%

EMD

33.4%

US Capital Markets

37.1%

US Market

Return vs Industry: EMD underperformed the US Capital Markets industry which returned 29% over the past year.

Return vs Market: EMD underperformed the US Market which returned 34.1% over the past year.


Shareholder returns

EMDIndustryMarket
7 Day-2.1%0.2%-1.4%
30 Day-0.9%7.6%1.6%
90 Day1.0%18.4%7.3%
1 Year3.1%-6.2%36.8%33.4%40.2%37.1%
3 Year20.9%-7.6%41.4%30.9%62.5%52.1%
5 Year51.6%-1.3%152.2%120.9%133.9%108.0%

Long-Term Price Volatility Vs. Market

How volatile is Western Asset Emerging Markets Debt Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Western Asset Emerging Markets Debt Fund undervalued compared to its fair value and its price relative to the market?

0.95x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: EMD ($13.57) is trading above our estimate of fair value ($8.96)

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


Price To Earnings Ratio

PE vs Industry: EMD is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.

PE vs Market: EMD is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EMD is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (10.6x).

Future Growth

How is Western Asset Emerging Markets Debt Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.4%

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 Western Asset Emerging Markets Debt Fund 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 Western Asset Emerging Markets Debt Fund performed over the past 5 years?

12.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EMD is currently unprofitable.

Growing Profit Margin: EMD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EMD is unprofitable, but has reduced losses over the past 5 years at a rate of 12.3% per year.

Accelerating Growth: Unable to compare EMD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EMD is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (7.6%).


Return on Equity

High ROE: EMD has a negative Return on Equity (-4.36%), as it is currently unprofitable.

Financial Health

How is Western Asset Emerging Markets Debt Fund's financial position?


Financial Position Analysis

Short Term Liabilities: EMD's short term assets ($40.9M) do not cover its short term liabilities ($373.9M).

Long Term Liabilities: EMD has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: EMD's debt to equity ratio (40.1%) is considered high.

Reducing Debt: EMD's debt to equity ratio has increased from 18.7% to 40.1% over the past 5 years.

Debt Coverage: EMD's debt is well covered by operating cash flow (34.9%).

Interest Coverage: EMD is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Dividend

What is Western Asset Emerging Markets Debt Fund current dividend yield, its reliability and sustainability?

7.96%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: EMD's dividend (7.96%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: EMD's dividend (7.96%) is in the top 25% of dividend payers in the US market (3.75%)


Stability and Growth of Payments

Stable Dividend: EMD's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: EMD is paying a dividend but the company is unprofitable.


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?

15.8yrs

Average board tenure


CEO

Jane Trust (58 yo)

no data

Tenure

Ms. Jane Elizabeth Trust, CFA, serves as Chief Executive Officer and President at Legg Mason Partners Fund Advisor, LLC. Ms. Trust serves as Chairman, Chief Executive Officer and President at Western Asset...


Board Members

NamePositionTenureCompensationOwnership
Jane Trust
Chairmanno datano datano data
William Hutchinson
Lead Independent Director6.75yrsno datano data
Paolo Cucchi
Director13.92yrsno datano data
Eileen Kamerick
Director8yrsno datano data
Carol Colman
Director17.75yrsno datano data
Leslie Gelb
Director17.75yrsno datano data
Daniel Cronin
Director17.75yrsno data0.013%
$ 109.8k
Robert Agdern
Director6.08yrsno datano data
Riordan Roett
Director17.75yrsno datano data

15.8yrs

Average Tenure

74yo

Average Age

Experienced Board: EMD's board of directors are seasoned and experienced ( 15.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: EMD insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Western Asset Emerging Markets Debt Fund Inc.'s company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Western Asset Emerging Markets Debt Fund Inc.
  • 620 Eighth Avenue
  • 49th Floor
  • New York
  • New York
  • 10018
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EMDNYSE (New York Stock Exchange)YesCommon SharesUSUSDDec 2003

Biography

Western Asset Emerging Markets Debt Fund Inc. is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/25 00:02
End of Day Share Price2021/02/24 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.