NYSE:MUA

Stock Analysis Report

Executive Summary

BlackRock MuniAssets Fund, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc.

Rewards


Snowflake Analysis

Share Price & News

How has BlackRock MuniAssets Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MUA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.6%

MUA

-8.0%

US Capital Markets

-7.4%

US Market


1 Year Return

13.6%

MUA

8.3%

US Capital Markets

10.5%

US Market

Return vs Industry: MUA exceeded the US Capital Markets industry which returned 8.3% over the past year.

Return vs Market: MUA exceeded the US Market which returned 10.5% over the past year.


Shareholder returns

MUAIndustryMarket
7 Day0.6%-8.0%-7.4%
30 Day1.7%-4.0%-3.6%
90 Day8.2%-2.1%-0.6%
1 Year18.6%13.6%10.4%8.3%12.8%10.5%
3 Year30.8%13.8%27.5%20.4%37.4%28.6%
5 Year45.2%14.2%70.2%54.4%61.3%43.6%

Price Volatility Vs. Market

How volatile is BlackRock MuniAssets Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is BlackRock MuniAssets Fund undervalued compared to its fair value and its price relative to the market?

13.27x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MUA ($15.96) is trading above our estimate of fair value ($6.67)

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


Price To Earnings Ratio

PE vs Industry: MUA is good value based on its PE Ratio (13.3x) compared to the Capital Markets industry average (32.3x).

PE vs Market: MUA is good value based on its PE Ratio (13.3x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MUA is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (6.6x).

Future Growth

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

8.5%

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 MuniAssets 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 MuniAssets Fund performed over the past 5 years?

-17.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MUA has a large one-off gain of $22.6M impacting its October 31 2019 financial results.

Growing Profit Margin: MUA's current net profit margins are higher than last year (41.5%).


Past Earnings Growth Analysis

Earnings Trend: MUA's earnings have declined by -17.7% per year over the past 5 years.

Accelerating Growth: MUA's earnings growth over the past year (257.8%) exceeds its 5-year average (-17.7% per year).

Earnings vs Industry: MUA earnings growth over the past year (257.8%) exceeded the Capital Markets industry 8.4%.


Return on Equity

High ROE: MUA's Return on Equity (8.4%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is BlackRock MuniAssets Fund's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MUA has a low level of unsold assets or inventory.

Debt Coverage by Assets: MUA's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

Asset Level: MUA's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if MUA has a sufficient allowance for bad loans.

Low Risk Liabilities: MUA reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if MUA has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MUA has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if MUA has an appropriate level of bad loans.

Dividend

What is BlackRock MuniAssets Fund's current dividend yield, its reliability and sustainability?

4.08%

Current Dividend Yield


Dividend Yield vs Market

company4.1%marketbottom25%1.5%markettop25%3.9%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: MUA's dividend (4.08%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: MUA's dividend (4.08%) is in the top 25% of dividend payers in the US market (3.9%)


Stability and Growth of Payments

Stable Dividend: MUA's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (53.7%), MUA'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?

15.6yrs

Average board tenure


CEO

BlackRock MuniAssets Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Paul Audet
9.1yrsno datano data
Richard Cavanagh
Chairman13.1yrsUS$5.76k0.00052% $3.0k
Frank Fabozzi
Independent Trustee32.1yrsUS$4.67k0.000050% $285.8
Kathleen Feldstein
Independent Trustee15.1yrsUS$3.65kno data
W. Kester
Independent Trustee22.1yrsUS$4.37k0.00028% $1.6k
Jerrold Harris
Independent Trustee21.1yrsUS$3.94kno data
Karen Robards
Vice Chairman13.1yrsUS$5.47kno data
James Flynn
24.1yrsUS$4.01kno data
Michael Castellano
Independent Trustee8.8yrsUS$4.01k0.0042% $23.8k
Robert Hubbard
Independent Trustee16.1yrsUS$3.79kno data

15.6yrs

Average Tenure

72yo

Average Age

Experienced Board: MUA's board of directors are seasoned and experienced ( 15.6 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 MuniAssets Fund, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information


Location

  • BlackRock MuniAssets Fund, Inc.
  • 100 Bellevue Parkway
  • Wilmington
  • Delaware
  • 19809
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MUANYSE (New York Stock Exchange)YesCommon StockUSUSDJul 1993

Biography

BlackRock MuniAssets 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 seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes. The fund was formerly known as MuniAssets Fund, Inc. BlackRock MuniAssets Fund, Inc. was formed on June 25, 1993 and is domiciled in United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 00:48
End of Day Share Price2020/02/25 00:00
Earnings2019/10/31
Annual Earnings2019/04/30


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.