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MCA

BlackRock MuniYield California Quality Fund NYSE:MCA Stock Report

Last Price

US$12.51

Market Cap

US$430.4m

7D

-4.2%

1Y

-16.2%

Updated

11 Apr, 2022

Data

Company Financials
MCA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends2/6

MCA Stock Overview

BlackRock MuniYield California Quality Fund, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for BlackRock MuniYield California Quality Fund
Historical stock prices
Current Share PriceUS$12.51
52 Week HighUS$16.74
52 Week LowUS$12.50
Beta0.19
1 Month Change-6.57%
3 Month Change-18.77%
1 Year Change-16.21%
3 Year Change-7.68%
5 Year Change-16.21%
Change since IPO-16.60%

Recent News & Updates

May 07

BlackRock MuniYield California Quality Fund declares $0.053 dividend

BlackRock MuniYield California Quality Fund (MCA) declares $0.053/share monthly dividend, in line with previous.Forward yield 4.18%Payable June 1; for shareholders of record May 14; ex-div May 13.See MCA Dividend Scorecard, Yield Chart, & Dividend Growth.

Feb 04

BlackRock MuniYield California Quality Fund declares $0.053 dividend

BlackRock MuniYield California Quality Fund (MCA) declares $0.053/share monthly dividend, in line with previous.Forward yield 4.23%Payable March 1; for shareholders of record Feb. 16; ex-div Feb. 12.See MCA Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

BlackRock MuniYield California Quality Fund declares $0.053 dividend

BlackRock MuniYield California Quality Fund (MCA) declares $0.053/share monthly dividend, in line with previous.Forward yield 4.25%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See MCA Dividend Scorecard, Yield Chart, & Dividend Growth.

Nov 03

BlackRock MuniYield California Quality Fund declares $0.053 dividend

BlackRock MuniYield California Quality Fund (MCA) declares $0.053/share monthly dividend, in line with previous.Forward yield 4.41%Payable Dec. 1; for shareholders of record Nov. 16; ex-div Nov. 13.See MCA Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

MCAUS Capital MarketsUS Market
7D-4.2%1.0%1.5%
1Y-16.2%3.0%0.6%

Return vs Industry: MCA underperformed the US Capital Markets industry which returned 5.5% over the past year.

Return vs Market: MCA underperformed the US Market which returned 0.6% over the past year.

Price Volatility

Is MCA's price volatile compared to industry and market?
MCA volatility
MCA Average Weekly Movement1.5%
Capital Markets Industry Average Movement0.5%
Market Average Movement7.5%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market2.6%

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

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

About the Company

FoundedEmployeesCEOWebsite
1992n/an/ahttps://www.blackrock.com/investing/products/240263/blackrock-muniyield-california-quality-fund-inc-fund

BlackRock MuniYield California Quality Fund, Inc. 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 invests in a portfolio of long-term investment-grade municipal obligations, the interest on which is exempt from Federal and California income taxes.

BlackRock MuniYield California Quality Fund Fundamentals Summary

How do BlackRock MuniYield California Quality Fund's earnings and revenue compare to its market cap?
MCA fundamental statistics
Market CapUS$430.42m
Earnings (TTM)-US$15.80m
Revenue (TTM)US$30.36m

14.2x

P/S Ratio

-27.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCA income statement (TTM)
RevenueUS$30.36m
Cost of RevenueUS$0
Gross ProfitUS$30.36m
Other ExpensesUS$46.16m
Earnings-US$15.80m

Last Reported Earnings

Jan 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.46
Gross Margin100.00%
Net Profit Margin-52.05%
Debt/Equity Ratio70.0%

How did MCA perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

-143%

Payout Ratio

Valuation

Is BlackRock MuniYield California Quality Fund undervalued compared to its fair value and its price relative to the market?

0.82x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MCA ($12.51) is trading above our estimate of fair value ($10.15)

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


Price To Earnings Ratio

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

PE vs Market: MCA 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 MCA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MCA is overvalued based on its PB Ratio (0.8x) compared to the US Capital Markets industry average (-15.2x).

Future Growth

How is BlackRock MuniYield California Quality Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.6%

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 MuniYield California Quality 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 BlackRock MuniYield California Quality Fund performed over the past 5 years?

20.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MCA is currently unprofitable.

Growing Profit Margin: MCA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MCA is unprofitable, but has reduced losses over the past 5 years at a rate of 20.3% per year.

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

Earnings vs Industry: MCA is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (69.9%).


Return on Equity

High ROE: MCA has a negative Return on Equity (-3.01%), as it is currently unprofitable.

Financial Health

How is BlackRock MuniYield California Quality Fund's financial position?


Financial Position Analysis

Short Term Liabilities: MCA's short term assets ($10.8M) do not cover its short term liabilities ($205.1M).

Long Term Liabilities: MCA's short term assets ($10.8M) do not cover its long term liabilities ($166.2M).


Debt to Equity History and Analysis

Debt Level: MCA's net debt to equity ratio (70%) is considered high.

Reducing Debt: MCA's debt to equity ratio has increased from 66.4% to 70% over the past 5 years.

Debt Coverage: MCA's debt is not well covered by operating cash flow (4.7%).

Interest Coverage: MCA's interest payments on its debt are well covered by EBIT (61.9x coverage).


Balance Sheet

Dividend

What is BlackRock MuniYield California Quality Fund current dividend yield, its reliability and sustainability?

5.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MCA's dividend (5.37%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: MCA's dividend (5.37%) is in the top 25% of dividend payers in the US market (3.75%)


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: MCA is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (134.3%), MCA's dividend payments are not well covered by cash flows.

Management

How experienced are the management team and are they aligned to shareholders interests?

18.3yrs

Average board tenure


CEO

BlackRock MuniYield California Quality Fund has no CEO, or we have no data on them.


Board Members

Experienced Board: MCA's board of directors are seasoned and experienced ( 18.3 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 MuniYield California Quality Fund, Inc.'s employee growth, exchange listings and data sources


Key Information


Location

  • BlackRock MuniYield California Quality Fund, Inc.
  • 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 Analysis2022/04/11 00:00
End of Day Share Price2022/04/08 00:00
Earnings2022/01/31
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.