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MYI

BlackRock MuniYield Quality Fund III NYSE:MYI Stock Report

Last Price

US$11.63

Market Cap

US$792.6m

7D

4.8%

1Y

-19.8%

Updated

25 May, 2022

Data

Company Financials
MYI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends3/6

MYI Stock Overview

BlackRock MuniYield Quality Fund III, Inc.

BlackRock MuniYield Quality Fund III Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for BlackRock MuniYield Quality Fund III
Historical stock prices
Current Share PriceUS$11.63
52 Week HighUS$15.19
52 Week LowUS$11.06
Beta0.18
1 Month Change-0.68%
3 Month Change-12.43%
1 Year Change-19.85%
3 Year Change-11.22%
5 Year Change-19.29%
Change since IPO-22.47%

Recent News & Updates

May 07

BlackRock MuniYield Quality III Fund declares $0.051 dividend

BlackRock MuniYield Quality III Fund (MYI) declares $0.051/share monthly dividend, in line with previous.Forward yield 4.2%Payable June 1; for shareholders of record May 14; ex-div May 13.See MYI Dividend Scorecard, Yield Chart, & Dividend Growth.

Feb 04

BlackRock MuniYield Quality III Fund declares $0.0515 dividend

BlackRock MuniYield Quality III Fund (MYI) declares $0.0515/share monthly dividend, in line with previous.Forward yield 4.26%Payable March 1; for shareholders of record Feb. 16; ex-div Feb. 12.See MYI Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

BlackRock MuniYield Quality III Fund declares $0.0515 dividend

BlackRock MuniYield Quality III Fund (MYI) declares $0.0515/share monthly dividend, in line with previous.Forward yield 4.3%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See MYI Dividend Scorecard, Yield Chart, & Dividend Growth.

Dec 04

BlackRock MuniYield Quality III Fund declares $0.0515 dividend

BlackRock MuniYield Quality III Fund (MYI) declares $0.0515/share monthly dividend, in line with previous.Forward yield 4.37%Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14.See MYI Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

MYIUS Capital MarketsUS Market
7D4.8%3.3%1.0%
1Y-19.8%-13.5%-15.1%

Return vs Industry: MYI underperformed the US Capital Markets industry which returned -14% over the past year.

Return vs Market: MYI underperformed the US Market which returned -13.2% over the past year.

Price Volatility

Is MYI's price volatile compared to industry and market?
MYI volatility
MYI Average Weekly Movement1.8%
Capital Markets Industry Average Movement0.4%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

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

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

About the Company

FoundedEmployeesCEOWebsite
1992n/an/ahttps://www.blackrock.com/investing/products/240262/blackrock-muniyield-quality-fund-iii-inc-fund

BlackRock MuniYield Quality Fund III, 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 primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.

BlackRock MuniYield Quality Fund III Fundamentals Summary

How do BlackRock MuniYield Quality Fund III's earnings and revenue compare to its market cap?
MYI fundamental statistics
Market CapUS$792.59m
Earnings (TTM)-US$23.77m
Revenue (TTM)US$56.81m

14.0x

P/S Ratio

-33.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MYI income statement (TTM)
RevenueUS$56.81m
Cost of RevenueUS$0
Gross ProfitUS$56.81m
Other ExpensesUS$80.58m
Earnings-US$23.77m

Last Reported Earnings

Jan 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.35
Gross Margin100.00%
Net Profit Margin-41.84%
Debt/Equity Ratio60.0%

How did MYI perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

-177%

Payout Ratio

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


0.8x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: MYI ($11.63) is trading above our estimate of fair value ($11.26)

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


Price To Earnings Ratio

PE vs Industry: MYI is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US Capital Markets industry average.

PE vs Market: MYI is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MYI is overvalued based on its Price-To-Book Ratio (0.8x) compared to the US Capital Markets industry average (-18.8x).

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.8%

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 Quality Fund III 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 Quality Fund III performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


20.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MYI is currently unprofitable.

Growing Profit Margin: MYI is currently unprofitable.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: MYI is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (96.7%).


Return on Equity

High ROE: MYI has a negative Return on Equity (-2.4%), as it is currently unprofitable.

Financial Health

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

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MYI's short term assets ($15.9M) do not cover its short term liabilities ($253.7M).

Long Term Liabilities: MYI's short term assets ($15.9M) do not cover its long term liabilities ($356.1M).


Debt to Equity History and Analysis

Debt Level: MYI's net debt to equity ratio (60%) is considered high.

Reducing Debt: MYI's debt to equity ratio has reduced from 64.7% to 60% over the past 5 years.

Debt Coverage: MYI's debt is not well covered by operating cash flow (6.2%).

Interest Coverage: MYI's interest payments on its debt are well covered by EBIT (57.3x coverage).


Balance Sheet

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.31%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MYI's dividend (5.31%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: MYI's dividend (5.31%) is in the top 25% of dividend payers in the US market (4.06%)


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (114.1%), MYI's dividend payments are not well covered by cash flows.

Management

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

15.3yrs

Average board tenure


CEO

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


Board Members

Experienced Board: MYI's board of directors are seasoned and experienced ( 15.3 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 Quality Fund III, Inc.'s employee growth, exchange listings and data sources


Key Information


Location

  • BlackRock MuniYield Quality Fund III, 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 Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 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.