PIMCO Municipal Income Fund III is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC.
Share Price & News
How has PIMCO Municipal Income Fund III's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PMX has not had significant price volatility in the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: PMX underperformed the US Capital Markets industry which returned 19% over the past year.
Return vs Market: PMX underperformed the US Market which returned 20.1% over the past year.
Price Volatility Vs. Market
How volatile is PIMCO Municipal Income Fund III's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is PIMCO Municipal Income Fund III undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PMX ($12.41) is trading above our estimate of fair value ($3.08)
Significantly Below Fair Value: PMX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PMX is good value based on its PE Ratio (12.3x) compared to the Capital Markets industry average (36x).
PE vs Market: PMX is good value based on its PE Ratio (12.3x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PMX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PMX is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (6.7x).
How is PIMCO Municipal Income Fund III forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 PIMCO Municipal Income 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.
How has PIMCO Municipal Income Fund III performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PMX has a large one-off gain of $12.7M impacting its June 30 2019 financial results.
Growing Profit Margin: PMX's current net profit margins are higher than last year (47%).
Past Earnings Growth Analysis
Earnings Trend: PMX's earnings have declined by -30.3% per year over the past 5 years.
Accelerating Growth: PMX's earnings growth over the past year (132.8%) exceeds its 5-year average (-30.3% per year).
Earnings vs Industry: PMX earnings growth over the past year (132.8%) exceeded the Capital Markets industry 8.4%.
Return on Equity
High ROE: PMX's Return on Equity (7.2%) is considered low.
Return on Assets
Return on Capital Employed
How is PIMCO Municipal Income Fund III's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: PMX has a low level of unsold assets or inventory.
Debt Coverage by Assets: PMX's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: PMX's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if PMX has a sufficient allowance for bad loans.
Low Risk Liabilities: PMX reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if PMX has an acceptable proportion of non-loan assets held.
Low Risk Deposits: PMX has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if PMX has an appropriate level of bad loans.
What is PIMCO Municipal Income Fund III's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PMX's dividend (4.91%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: PMX's dividend (4.91%) is in the top 25% of dividend payers in the US market (3.69%)
Stability and Growth of Payments
Stable Dividend: PMX's dividends per share have been stable in the past 10 years.
Growing Dividend: PMX's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.9%), PMX'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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
PIMCO Municipal Income Fund III has no CEO, or we have no data on them.
|Independent Trustee||9.7yrs||US$4.11k||no data|
|Independent Trustee||8.9yrs||US$4.11k||no data|
|Chairman of Board of Trustees||0yrs||US$5.34k||no data|
|Interested Trustee||13.2yrs||no data||no data|
|Trustee Nominee||0yrs||no data||no data|
|Independent Trustee||13.4yrs||US$4.11k||no data|
|Independent Trustee||9.2yrs||US$4.11k||no data|
|Independent Trustee||10.2yrs||US$4.93k||no data|
Experienced Board: PMX's board of directors are considered experienced (9.9 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
PIMCO Municipal Income Fund III's company bio, employee growth, exchange listings and data sources
- Name: PIMCO Municipal Income Fund III
- Ticker: PMX
- Exchange: NYSE
- Founded: 2002
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$409.943m
- Shares outstanding: 33.03m
- Website: https://www.investments.pimco.com/Products/pages/672.aspx
- PIMCO Municipal Income Fund III
- 650 Newport Center Drive
- Newport Beach
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PMX||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Oct 2002|
PIMCO Municipal Income Fund III is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in in municipal bonds that pay interest that is exempt from federal income tax. PIMCO Municipal Income Fund III was formed on October 31, 2002 and is domiciled in United States.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/16 23:50|
|End of Day Share Price||2020/02/14 00:00|
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.