Loading...

BlackRock MuniAssets Fund

NYSE:MUA
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MUA
NYSE
$516M
Market Cap
Add to portfolio
  1. Home
    2. ›
  2. US
    3. ›
  3. Diversified Financials
Last updated 2019/03/18 23:58
Company description

BlackRock MuniAssets Fund, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. The last earnings update was 73 days ago. More info.


Add to Portfolio Compare Print
  • BlackRock MuniAssets Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
MUA Share Price and Events
7 Day Returns
-0.9%
NYSE:MUA
2.6%
US Capital Markets
2.4%
US Market
1 Year Returns
6.1%
NYSE:MUA
-12.6%
US Capital Markets
1.9%
US Market
MUA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BlackRock MuniAssets Fund (MUA) -0.9% 1.2% 11.7% 6.1% -2.5% 15.4%
US Capital Markets 2.6% -0% 10.2% -12.6% 54.7% 55.6%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • MUA outperformed the Capital Markets industry which returned -12.6% over the past year.
  • MUA outperformed the Market in United States of America which returned 1.9% over the past year.
Price Volatility
MUA
Industry
5yr Volatility vs Market

Value

 Is BlackRock MuniAssets Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BlackRock MuniAssets Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for BlackRock MuniAssets Fund.

NYSE:MUA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $14.07 * 4.4% 		$0.62
Book Value of Equity per Share Median Book Value from the past 5 years. $14.07
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:MUA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.726 (1 + (1- 21%) (13.9%)) 		0.87
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.87 * 5.96%) 		7.91%

Discounted Cash Flow Calculation for NYSE:MUA using Excess Returns Model Model

The calculations below outline how an intrinsic value for BlackRock MuniAssets Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:MUA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.4% – 7.91%) * $14.07) 		$-0.49
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.49 / (7.91% - 2.73%) 		$-9.48
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $14.07 + $-9.48 		$4.58
NYSE:MUA Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.58
Current discount Discount to share price of $14.32
= -1 x ($14.32 - $4.58) / $4.58 		-212.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of BlackRock MuniAssets Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BlackRock MuniAssets Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BlackRock MuniAssets Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:MUA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in USD $0.34
NYSE:MUA Share Price ** NYSE (2019-03-18) in USD $14.32
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 24.89x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BlackRock MuniAssets Fund.

NYSE:MUA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MUA Share Price ÷ EPS (both in USD)

= 14.32 ÷ 0.34

 42.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BlackRock MuniAssets Fund is overvalued based on earnings compared to the US Capital Markets industry average.
  • BlackRock MuniAssets Fund is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does BlackRock MuniAssets Fund's expected growth come at a high price?
Raw Data
NYSE:MUA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 42.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.2x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for BlackRock MuniAssets Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BlackRock MuniAssets Fund's assets?
Raw Data
NYSE:MUA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in USD $13.83
NYSE:MUA Share Price * NYSE (2019-03-18) in USD $14.32
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.76x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
NYSE:MUA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MUA Share Price ÷ Book Value per Share (both in USD)

= 14.32 ÷ 13.83

 1.04x

* Primary Listing of BlackRock MuniAssets Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BlackRock MuniAssets Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess BlackRock MuniAssets Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
    5. BlackRock MuniAssets Fund has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BlackRock MuniAssets Fund expected to grow at an attractive rate?
  • Unable to compare BlackRock MuniAssets Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare BlackRock MuniAssets Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare BlackRock MuniAssets Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:MUA Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:MUA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:MUA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-10-31 29 20 12
2018-07-31 29 20 17
2018-04-30 29 21 22
2018-01-31 29 21 18
2017-10-31 29 22 13
2017-07-31 30 22 12
2017-04-30 30 22 11
2017-01-31 30 25 26
2016-10-31 30 29 41
2016-07-31 30 25 39
2016-04-30 30 21 38
2016-01-31 30 24 33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if BlackRock MuniAssets Fund is high growth as no earnings estimate data is available.
  • Unable to determine if BlackRock MuniAssets Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:MUA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from BlackRock MuniAssets Fund Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MUA Past Financials Data
Date (Data in USD Millions) EPS *
2018-10-31 0.34
2018-07-31 0.48
2018-04-30 0.62
2018-01-31 0.50
2017-10-31 0.37
2017-07-31 0.34
2017-04-30 0.32
2017-01-31 0.72
2016-10-31 1.13
2016-07-31 1.10
2016-04-30 1.07
2016-01-31 0.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if BlackRock MuniAssets Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess BlackRock MuniAssets Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BlackRock MuniAssets Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has BlackRock MuniAssets Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BlackRock MuniAssets Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BlackRock MuniAssets Fund's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • BlackRock MuniAssets Fund's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • BlackRock MuniAssets Fund's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
BlackRock MuniAssets Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BlackRock MuniAssets Fund Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MUA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 29.25 12.13 3.52
2018-07-31 29.28 17.23 3.53
2018-04-30 29.31 22.33 3.54
2018-01-31 29.33 17.85 3.52
2017-10-31 29.35 13.36 3.50
2017-07-31 29.55 12.36 3.52
2017-04-30 29.75 11.36 3.54
2017-01-31 29.84 25.94 3.57
2016-10-31 29.93 40.52 3.60
2016-07-31 29.87 39.36 3.57
2016-04-30 29.81 38.20 3.54
2016-01-31 30.02 32.64 3.56
2015-10-31 30.23 27.09 3.58
2015-07-31 30.31 37.04 3.58
2015-04-30 30.39 46.98 3.58
2015-01-31 30.62 56.76 3.48
2014-10-31 30.85 66.54 3.39
2014-07-31 31.13 32.47 3.36
2014-04-30 31.40 -1.60 3.32
2014-01-31 31.41 -7.45 3.41
2013-10-31 31.41 -13.31 3.49
2013-07-31 31.62 23.10 3.52
2013-04-30 31.82 59.50 3.55
2013-01-31 31.61 68.61 3.47
2012-10-31 31.40 77.72 3.40
2012-07-31 31.12 76.18 3.30
2012-04-30 30.84 74.63 3.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BlackRock MuniAssets Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BlackRock MuniAssets Fund used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • BlackRock MuniAssets Fund's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BlackRock MuniAssets Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BlackRock MuniAssets Fund has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is BlackRock MuniAssets Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BlackRock MuniAssets Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BlackRock MuniAssets Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • BlackRock MuniAssets Fund has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BlackRock MuniAssets Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BlackRock MuniAssets Fund Company Filings, last reported 4 months ago.

NYSE:MUA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 497.81 71.66 0.03
2018-07-31 497.81 71.66 0.03
2018-04-30 504.47 71.92
2018-01-31 504.47 71.92
2017-10-31 508.98 67.76
2017-07-31 508.98 67.76
2017-04-30 505.31 67.76
2017-01-31 505.31 67.76
2016-10-31 519.36 66.09
2016-07-31 519.36 66.09
2016-04-30 517.70 66.16
2016-01-31 517.70 66.16
2015-10-31 503.00 70.42
2015-07-31 503.00 70.42
2015-04-30 505.34 61.07
2015-01-31 505.34 61.07
2014-10-31 502.79 71.14
2014-07-31 502.79 71.14
2014-04-30 485.32 71.14
2014-01-31 485.32 71.14
2013-10-31 463.25 71.14
2013-07-31 463.25 71.14
2013-04-30 513.92 76.45
2013-01-31 513.92 76.45
2012-10-31 503.75 64.15
2012-07-31 503.75 64.15
2012-04-30 481.60 61.51
  • BlackRock MuniAssets Fund's level of debt (14.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (15.3% vs 14.4% today).
  • Debt is well covered by operating cash flow (27.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18x coverage).
X
Financial health checks
We assess BlackRock MuniAssets Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. BlackRock MuniAssets Fund has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.6%
Current annual income from BlackRock MuniAssets Fund dividends.
If you bought $2,000 of BlackRock MuniAssets Fund shares you are expected to receive $92 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BlackRock MuniAssets Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • BlackRock MuniAssets Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:MUA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:MUA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.658 4.616
2019-02-01 0.658 4.682
2019-01-02 0.658 4.785
2018-12-03 0.658 5.048
2018-11-01 0.657 5.145
2018-10-01 0.657 5.187
2018-09-04 0.657 4.990
2018-08-01 0.657 4.919
2018-07-02 0.657 4.968
2018-06-01 0.657 4.985
2018-05-01 0.657 4.988
2018-04-02 0.657 4.935
2018-03-01 0.657 4.855
2018-02-01 0.657 4.769
2018-01-02 0.657 4.504
2017-12-01 0.657 4.376
2017-11-01 0.693 4.613
2017-10-02 0.693 4.539
2017-09-01 0.693 4.556
2017-08-01 0.693 4.541
2017-07-03 0.693 4.573
2017-06-01 0.693 4.653
2017-04-04 0.693 4.737
2017-02-01 0.693 4.942
2017-01-03 0.693 5.006
2016-12-01 0.693 5.217
2016-11-01 0.690 5.031
2016-10-03 0.690 4.729
2016-09-01 0.690 4.522
2016-08-01 0.690 4.427
2016-07-01 0.690 4.424
2016-06-01 0.690 4.517
2016-05-02 0.720 4.814
2016-04-01 0.720 4.875
2016-03-01 0.720 4.909
2016-02-01 0.720 4.967
2016-01-05 0.720 4.974
2015-12-01 0.720 5.145
2015-11-02 0.720 5.323
2015-10-01 0.720 5.305
2015-09-01 0.750 5.511
2015-08-03 0.750 5.486
2015-06-01 0.750 5.502
2015-05-01 0.750 5.426
2015-04-02 0.750 5.290
2015-03-03 0.750 5.382
2015-02-02 0.750 5.425
2015-01-02 0.750 5.367
2014-11-03 0.755 5.567
2014-10-01 0.755 5.682
2014-09-02 0.750 5.695
2014-08-01 0.755 5.734
2014-07-01 0.750 5.850
2014-06-02 0.750 5.850
2014-05-01 0.755 5.838
2014-04-01 0.750 5.974
2014-03-03 0.755 6.096
2014-02-03 0.755 6.148
2014-01-02 0.755 6.299
2013-12-02 0.755 6.620
2013-11-01 0.750 6.425
2013-10-01 0.750 6.319
2013-09-03 0.750 6.394
2013-08-01 0.777 6.642
2013-07-01 0.777 6.353
2013-06-03 0.777 6.126
2013-05-01 0.777 5.683
2013-04-01 0.777 5.631
2013-03-01 0.777 5.640
2013-02-01 0.777 5.448
2013-01-02 0.777 5.392
2012-12-05 0.777 5.532
2012-11-01 0.753 5.274
2012-10-01 0.753 5.376
2012-09-04 0.750 5.439
2012-08-01 0.753 5.504
2012-07-02 0.753 5.496
2012-06-01 0.753 5.655
2012-05-01 0.753 5.699
2012-04-02 0.753 5.757
2012-03-01 0.753 5.830
2012-02-01 0.753 5.780
2012-01-03 0.753 5.858
2011-12-05 0.753 6.084
2011-10-03 0.750 6.239
2011-09-01 0.750 6.314
2011-08-01 0.750 6.426
2011-04-01 0.750 6.485
2011-03-01 0.750 6.625
2011-02-02 0.750 6.538
2011-01-03 0.750 6.547
2010-12-07 0.750 6.528
2010-11-01 0.750 6.064
2010-10-04 0.750 5.776
2010-09-02 0.750 5.761
2010-08-02 0.750 5.772
2010-07-01 0.750 5.914
2010-06-02 0.750 5.990
2010-05-03 0.750 5.976
2010-04-01 0.750 5.994
2010-03-01 0.750 6.048
2010-02-01 0.810 6.557
2010-01-04 0.810 6.501
2009-12-07 0.810 6.724
2009-11-02 0.810 6.729
2009-10-01 0.810 6.779
2009-09-01 0.810 6.633
2009-08-03 0.810 7.044
2009-07-02 0.810 7.362
2009-06-01 0.810 7.168
2009-05-01 0.810 7.226
2009-04-01 0.810 7.577
2009-03-19 0.810 7.794

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of BlackRock MuniAssets Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess BlackRock MuniAssets Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BlackRock MuniAssets Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. BlackRock MuniAssets Fund has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of BlackRock MuniAssets Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Perlowski
AGE 54
CEO Bio

Mr. John M. Perlowski, CPA served the Chief Executive Officer, President and Chief Financial Officer of BlackRock Science and Technology Trust. Mr. Perlowski served as the Chief Financial Officer and President of Blackrock Utility & Infrastructure Trust. Mr. Perlowski served as the President and Chief Executive Officer of various funds in BlackRock Fund Complex and also served as its Managing Director. He served as the President at BlackRock Floating Rate Income Strategies Fund, Inc. He served as the Chief Executive Officer and President of Blackrock Real Asset Equity Trust, The BlackRock Pennsylvania Strategic Municipal Trust, BlackRock Dividend Income Trust and BlackRock Income Opportunity Trust, Inc. He served as the Chief Executive Officer at BlackRock MuniYield Investment Fund. He has management responsibility for the Goldman Sachs Asset Management (GSAM) Global Fund Services organization which is composed of the Transfer Agent and Fund Treasury functions. Mr. Perlowski served as Chief Financial Officer of various funds in BlackRock Fund Complex. He served as an Executive Officer of Goldman Sachs Group Inc. He joined Goldman Sachs in July 1995. He served as the Managing Director, Principal Financial Officer, Chief Operating Officer, Senior Vice President, Treasurer and Vice President of various funds in the fund complex of Goldman Sachs Trust. Mr. Perlowski served as Fund Accounting/Custody Manager of Investors Bank and Trust Company. He served as a Manager in the Financial Services Division at Arthur Andersen & Co. until 1993. Mr. Perlowski serves as a Trustee of BlackRock Science and Technology Trust. He serves as a Sole Initial Trustee of Blackrock Utility & Infrastructure Trust. He served as Trustee of various funds in BlackRock Fund Complex. He served as a Director at Goldman Sachs Administration Services Company Limited until October 15, 2009. He served as a Director of Goldman Sachs Global Alpha Fund from May 27, 2004 to October 15, 2009. He served as a Director of Goldman Sachs Offshore Funds from 2002 to 2009. Mr. Perlowski became a Certified Public Accountant in 1988 and holds BBA degree from the University of Notre Dame in 1986.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

John Perlowski

TITLE
Chief Executive Officer and President
AGE
54

Neal Andrews

TITLE
Chief Financial Officer
AGE
52

Charles Choon Park

TITLE
Chief Compliance Officer and Anti Money Laundering Officer
AGE
51

Jay Fife

TITLE
Treasurer
AGE
48

Janey Ahn

TITLE
Secretary
AGE
43

Brendan Kyne

TITLE
Vice President
AGE
41

Robert Crothers

TITLE
Vice President
AGE
37

Ted Jaeckel

TITLE
Portfolio Manager
AGE
57

Walter O'Connor

TITLE
Portfolio Manager
AGE
56

Michael Kalinoski

TITLE
Portfolio Manager
AGE
47
Board of Directors Tenure

Average tenure and age of the BlackRock MuniAssets Fund board of directors in years:

14.7
Average Tenure
71
Average Age
  • The average tenure for the BlackRock MuniAssets Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Richard Cavanagh

TITLE
Chairman
COMPENSATION
$6K
AGE
72
TENURE
12.2 yrs

Karen Robards

TITLE
Vice Chairman
COMPENSATION
$5K
AGE
68
TENURE
12.2 yrs

Jerrold Harris

TITLE
Independent Trustee
COMPENSATION
$4K
AGE
76
TENURE
20.2 yrs

Robert Hubbard

TITLE
Independent Trustee
COMPENSATION
$4K
AGE
59
TENURE
15.2 yrs

Kathleen Feldstein

TITLE
Independent Trustee
COMPENSATION
$4K
AGE
77
TENURE
14.2 yrs

James Flynn

TITLE
COMPENSATION
$4K
AGE
79
TENURE
23.2 yrs

Frank Fabozzi

TITLE
Independent Trustee
COMPENSATION
$5K
AGE
70
TENURE
31.2 yrs

W. Kester

TITLE
Independent Trustee
COMPENSATION
$4K
AGE
67
TENURE
21.2 yrs

Mike Castellano

TITLE
Independent Trustee
COMPENSATION
$4K
AGE
72
TENURE
7.9 yrs

Paul Audet

TITLE
AGE
64
TENURE
8.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by BlackRock MuniAssets Fund insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Jan 19 Buy Henry Gabbay Individual 16. Jan 19 16. Jan 19 90 $13.64 $1,228
16. Jan 19 Buy Henry Gabbay Individual 15. Jan 19 15. Jan 19 10 $13.71 $137
19. Dec 18 Buy Theodore Jaeckel Individual 17. Dec 18 17. Dec 18 2,610 $12.82 $33,460
09. May 18 Buy Catherine Lynch Individual 09. May 18 09. May 18 757 $13.19 $9,988
X
Management checks
We assess BlackRock MuniAssets Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. BlackRock MuniAssets Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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.

Details
Name: BlackRock MuniAssets Fund, Inc.
MUA
Exchange: NYSE
Founded: 1993
$515,630,421
36,007,711
Website: http://www.blackrock.com/investing/products/240224/blackrock-muniassets-fund-inc-usd-fund
Address: BlackRock MuniAssets Fund, Inc.
100 Bellevue Parkway,
Wilmington,
Delaware, 19809,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MUA Common Stock New York Stock Exchange US USD 16. Jul 1993
Number of employees
Current staff
Staff numbers
0
BlackRock MuniAssets Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:58
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2019/01/04
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/04/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

Related Companies

© 2019 Simply Wall Street Pty Ltd, Community Design 2845206, US Design Patent #29/544/281, European Design Registration #2845206, Standard & Poor’s Financial Services LLC. All rights reserved.

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Copyright © 2019, Standard & Poor’s Financial Services LLC. Reproduction of S&P Capital IQ in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of S&P Capital IQ. (2019)