NYSE:WEA

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Western Asset Premier Bond Fund

Executive Summary

Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. More Details

Rewards


Snowflake Analysis

Share Price & News

How has Western Asset Premier Bond Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WEA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

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


Market Performance


7 Day Return

-2.4%

WEA

-2.6%

US Capital Markets

-3.6%

US Market


1 Year Return

4.1%

WEA

38.2%

US Capital Markets

36.5%

US Market

Return vs Industry: WEA underperformed the US Capital Markets industry which returned 38.1% over the past year.

Return vs Market: WEA underperformed the US Market which returned 36.4% over the past year.


Shareholder returns

WEAIndustryMarket
7 Day-2.4%-2.6%-3.6%
30 Day-0.9%8.2%2.7%
90 Day0.9%16.2%7.5%
1 Year10.6%4.1%41.5%38.2%39.5%36.5%
3 Year29.2%8.0%39.5%29.2%53.5%43.6%
5 Year57.6%14.6%140.6%110.9%117.5%93.2%

Long-Term Price Volatility Vs. Market

How volatile is Western Asset Premier Bond Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Western Asset Premier Bond Fund undervalued compared to its fair value and its price relative to the market?

13.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WEA ($13.96) is trading below our estimate of fair value ($16.05)

Significantly Below Fair Value: WEA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: WEA is poor value based on its PE Ratio (114.6x) compared to the US Capital Markets industry average (23.5x).

PE vs Market: WEA is poor value based on its PE Ratio (114.6x) compared to the US market (21.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WEA is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (14.4x).

Future Growth

How is Western Asset Premier Bond Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.8%

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 Western Asset Premier Bond 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 Western Asset Premier Bond Fund performed over the past 5 years?

21.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WEA has a large one-off loss of $8.4M impacting its June 30 2020 financial results.

Growing Profit Margin: WEA's current net profit margins (11%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: WEA has become profitable over the past 5 years, growing earnings by 21.1% per year.

Accelerating Growth: WEA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: WEA had negative earnings growth (-92.3%) over the past year, making it difficult to compare to the Capital Markets industry average (9%).


Return on Equity

High ROE: WEA's Return on Equity (0.9%) is considered low.

Financial Health

How is Western Asset Premier Bond Fund's financial position?


Financial Position Analysis

Short Term Liabilities: WEA's short term assets ($5.2M) do not cover its short term liabilities ($16.2M).

Long Term Liabilities: WEA's short term assets ($5.2M) do not cover its long term liabilities ($57.5M).


Debt to Equity History and Analysis

Debt Level: WEA's debt to equity ratio (40.9%) is considered high.

Reducing Debt: WEA's debt to equity ratio has increased from 34.1% to 40.9% over the past 5 years.

Debt Coverage: WEA's debt is not well covered by operating cash flow (9.6%).

Interest Coverage: WEA's interest payments on its debt are well covered by EBIT (7.3x coverage).


Balance Sheet

Dividend

What is Western Asset Premier Bond Fund current dividend yield, its reliability and sustainability?

5.67%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: WEA's dividend (5.67%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: WEA's dividend (5.67%) is in the top 25% of dividend payers in the US market (3.77%)


Stability and Growth of Payments

Stable Dividend: WEA's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (650%), WEA'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?

14.9yrs

Average board tenure


CEO

Ken Fuller (62 yo)

7.75yrs

Tenure

Mr. Kenneth Donald Fuller, also known as Ken, has been Chief Executive Officer and President of Western Asset High Income Opportunity Fund Inc. and LMP Corporate Loan Fund Inc. since June 1, 2013. Mr. Full...


Board Members

NamePositionTenureCompensationOwnership
Kenneth Fuller
Chief Executive Officer7.75yrsno datano data
William Siart
Chairman of the Board of Trusteesno datano datano data
Robert Abeles
7.75yrsno datano data
Ronald Olson
Interested Trustee15.75yrsno datano data
Jaynie Studenmund
17.08yrsno datano data
Michael Larson
0.92yrno datano data
Avedick Poladian
14yrsno datano data
Anita DeFrantz
19.08yrsno datano data
Ronald Arnault
19.08yrsUS$3.11kno data

14.9yrs

Average Tenure

69yo

Average Age

Experienced Board: WEA's board of directors are seasoned and experienced ( 14.9 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

Western Asset Premier Bond Fund's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Western Asset Premier Bond Fund
  • 385 East Colorado Boulevard
  • Pasadena
  • California
  • 91101
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WEANYSE (New York Stock Exchange)YesCommon SharesUSUSDMar 2002

Biography

Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. The fund is co-managed by Western Asset Management Company Limited, West...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/28 23:48
End of Day Share Price2021/02/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.