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PIM

Putnam Master Intermediate Income TrustNYSE:PIM Stock Report

Last Price

US$3.79

Market Cap

US$196.3m

7D

-2.8%

1Y

-9.5%

Updated

19 Jan, 2022

Data

Company Financials
PIM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends3/6

PIM Stock Overview

Putnam Master Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC.

Price History & Performance

Summary of all time highs, changes and price drops for Putnam Master Intermediate Income Trust
Historical stock prices
Current Share PriceUS$3.79
52 Week HighUS$4.47
52 Week LowUS$3.79
Beta0.34
1 Month Change-2.07%
3 Month Change-5.96%
1 Year Change-9.55%
3 Year Change-12.47%
5 Year Change-17.97%
Change since IPO-51.10%

Recent News & Updates

Nov 20

Putnam Master Intermediate Income Trust declares $0.022 dividend

Putnam Master Intermediate Income Trust (PIM) declares $0.022/share monthly dividend, -26.7% decrease from prior dividend of $0.030.Forward yield 6.36%Payable Jan. 4; for shareholders of record Dec. 23; ex-div Dec. 22.Payable Feb. 1; for shareholders of record Jan. 22; ex-div Jan. 21.See PIM Dividend Scorecard, Yield Chart, & Dividend Growth.

Nov 10

Putnam Master Intermediate Income Trust declares $0.03 dividend

Putnam Master Intermediate Income Trust (PIM) declares $0.03/share monthly dividend, in line with previous.Forward yield 8.67%Payable Dec. 1; for shareholders of record Nov. 24; ex-div Nov. 23.See PIM Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

PIMUS Capital MarketsUS Market
7D-2.8%-5.5%-4.6%
1Y-9.5%24.6%7.7%

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

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

Price Volatility

Is PIM's price volatile compared to industry and market?
PIM volatility
PIM Average Weekly Movement1.3%
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: PIM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: PIM's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1988n/an/ahttps://www.putnam.com/individual/mutual-funds/closed-end-funds/funds/59-master-intermediate-income-trust

Putnam Master Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States.

Putnam Master Intermediate Income Trust Fundamentals Summary

How do Putnam Master Intermediate Income Trust's earnings and revenue compare to its market cap?
PIM fundamental statistics
Market CapUS$196.30m
Earnings (TTM)US$3.16m
Revenue (TTM)US$11.96m

62.2x

P/E Ratio

16.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PIM income statement (TTM)
RevenueUS$11.96m
Cost of RevenueUS$0
Gross ProfitUS$11.96m
ExpensesUS$8.81m
EarningsUS$3.16m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.061
Gross Margin100.00%
Net Profit Margin26.38%
Debt/Equity Ratio0.0%

How did PIM perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

454%

Payout Ratio

Does PIM pay a reliable dividends?

See PIM dividend history and benchmarks
When do you need to buy PIM by to receive an upcoming dividend?
Putnam Master Intermediate Income Trust dividend dates
Ex Dividend DateJan 21 2022
Dividend Pay DateFeb 01 2022
Days until Ex dividend1 day
Days until Dividend pay date12 days

Does PIM pay a reliable dividends?

See PIM dividend history and benchmarks

Valuation

Is Putnam Master Intermediate Income Trust undervalued compared to its fair value and its price relative to the market?

62.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PIM ($3.79) is trading above our estimate of fair value ($0.83)

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


Price To Earnings Ratio

PE vs Industry: PIM is poor value based on its PE Ratio (62.2x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: PIM is poor value based on its PE Ratio (62.2x) compared to the US market (17x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PIM is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (42.2x).

Future Growth

How is Putnam Master Intermediate Income Trust 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 Putnam Master Intermediate Income Trust 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 Putnam Master Intermediate Income Trust performed over the past 5 years?

-25.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PIM has a large one-off loss of $5.6M impacting its September 30 2021 financial results.

Growing Profit Margin: PIM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PIM's earnings have declined by 25% per year over the past 5 years.

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

Earnings vs Industry: PIM 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: PIM's Return on Equity (1.5%) is considered low.

Financial Health

How is Putnam Master Intermediate Income Trust's financial position?


Financial Position Analysis

Short Term Liabilities: PIM's short term assets ($39.2M) do not cover its short term liabilities ($154.2M).

Long Term Liabilities: PIM's short term assets ($39.2M) exceed its long term liabilities ($16.1M).


Debt to Equity History and Analysis

Debt Level: PIM is debt free.

Reducing Debt: PIM has not had any debt for past 5 years.

Debt Coverage: PIM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PIM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Dividend

What is Putnam Master Intermediate Income Trust current dividend yield, its reliability and sustainability?

6.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PIM's dividend (6.97%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: PIM's dividend (6.97%) is in the top 25% of dividend payers in the US market (3.48%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (454.1%), PIM's dividend payments are not well 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?

18.5yrs

Average board tenure


CEO

Putnam Master Intermediate Income Trust has no CEO, or we have no data on them.


Board Members

Experienced Board: PIM's board of directors are seasoned and experienced ( 18.5 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

Putnam Master Intermediate Income Trust's employee growth, exchange listings and data sources


Key Information


Location

  • Putnam Master Intermediate Income Trust
  • 100 Federal Street
  • Boston
  • Massachusetts
  • 2110
  • 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 23:35
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2021/09/30


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.