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EMD

Western Asset Emerging Markets Debt FundNYSE:EMD Stock Report

Last Price

US$12.07

Market Cap

US$730.1m

7D

-4.1%

1Y

-12.2%

Updated

19 Jan, 2022

Data

Company Financials
EMD fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends3/6

EMD Stock Overview

Western Asset Emerging Markets Debt Fund Inc.

Price History & Performance

Summary of all time highs, changes and price drops for Western Asset Emerging Markets Debt Fund
Historical stock prices
Current Share PriceUS$12.07
52 Week HighUS$14.30
52 Week LowUS$12.06
Beta0.78
1 Month Change-3.90%
3 Month Change-11.19%
1 Year Change-12.22%
3 Year Change-8.56%
5 Year Change-20.59%
Change since IPO-39.65%

Recent News & Updates

Sep 17

EMD - 7.73% Yield From This EM Closed End Fund

EMD is a robust vehicle to gain leveraged exposure to investment-grade sovereign issuers. EMD has a 5-year Sharpe ratio of 0.25 and a standard deviation of 12.3. EMD sports a 7.73% yield partially composed of return-of-capital. EMD is a good diversification vehicle for the "Income" bucket of your portfolio.

Nov 18

Western Asset Emerging Markets Debt Fund declares $0.09 dividend

Western Asset Emerging Markets Debt Fund (EMD) declares $0.09/share monthly dividend, -5.3% decrease from prior dividend of $0.095.Forward yield 8.08%Payable Dec. 31; for shareholders of record Dec. 23; ex-div Dec. 22.Payable Feb. 1; for shareholders of record Jan. 22; ex-div Jan. 21.Payable Mar. 1; for shareholders of record Feb. 19; ex-div Feb. 18.See EMD Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

EMDUS Capital MarketsUS Market
7D-4.1%-5.5%-4.6%
1Y-12.2%24.6%7.7%

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

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

Price Volatility

Is EMD's price volatile compared to industry and market?
EMD volatility
EMD Average Weekly Movement1.6%
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: EMD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2003n/aJane Trusthttps://individualinvestor.myleggmason.com/portal/server.pt?open=512&objID=1415&mktcd=SBEM&cached=true&mode=2&userID=355661

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, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd.

Western Asset Emerging Markets Debt Fund Fundamentals Summary

How do Western Asset Emerging Markets Debt Fund's earnings and revenue compare to its market cap?
EMD fundamental statistics
Market CapUS$730.13m
Earnings (TTM)US$93.20m
Revenue (TTM)US$69.72m

7.8x

P/E Ratio

10.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EMD income statement (TTM)
RevenueUS$69.72m
Cost of RevenueUS$0
Gross ProfitUS$69.72m
Expenses-US$23.48m
EarningsUS$93.20m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.54
Gross Margin100.00%
Net Profit Margin133.68%
Debt/Equity Ratio38.0%

How did EMD perform over the long term?

See historical performance and comparison

Dividends

8.9%

Current Dividend Yield

73%

Payout Ratio

Does EMD pay a reliable dividends?

See EMD dividend history and benchmarks
When do you need to buy EMD by to receive an upcoming dividend?
Western Asset Emerging Markets Debt Fund dividend dates
Ex Dividend DateJan 21 2022
Dividend Pay DateFeb 01 2022
Days until Ex dividend0 days
Days until Dividend pay date11 days

Does EMD pay a reliable dividends?

See EMD dividend history and benchmarks

Valuation

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

7.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EMD ($12.07) is trading above our estimate of fair value ($9.65)

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


Price To Earnings Ratio

PE vs Industry: EMD is good value based on its PE Ratio (7.8x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: EMD is good value based on its PE Ratio (7.8x) compared to the US market (17x).


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 (0.8x) compared to the US Capital Markets industry average (42.2x).

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?

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 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?

0.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EMD has a large one-off gain of $32.5M impacting its June 30 2021 financial results.

Growing Profit Margin: EMD became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: EMD's earnings have grown by 0.8% per year over the past 5 years.

Accelerating Growth: EMD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: EMD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).


Return on Equity

High ROE: EMD's Return on Equity (10.4%) is considered low.

Financial Health

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


Financial Position Analysis

Short Term Liabilities: EMD's short term assets ($36.9M) do not cover its short term liabilities ($363.7M).

Long Term Liabilities: EMD has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: EMD's net debt to equity ratio (37.8%) is considered satisfactory.

Reducing Debt: EMD's debt to equity ratio has increased from 27.6% to 38% over the past 5 years.

Debt Coverage: EMD's debt is well covered by operating cash flow (22.6%).

Interest Coverage: EMD's interest payments on its debt are well covered by EBIT (20.7x coverage).


Balance Sheet

Dividend

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

8.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EMD's dividend (8.95%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: EMD's dividend (8.95%) is in the top 25% of dividend payers in the US market (3.48%)


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: With its reasonable payout ratio (73.3%), EMD's dividend payments are 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?

18.6yrs

Average board tenure


CEO

Jane Trust (59 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 has been Chairman of the Board, President and Chief Executive Officer at W...


Board Members

Experienced Board: EMD's board of directors are seasoned and experienced ( 18.6 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 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:42
End of Day Share Price2022/01/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.