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WEA

Western Asset Premier Bond FundNYSE:WEA Stock Report

Last Price

US$13.56

Market Cap

US$160.9m

7D

-2.9%

1Y

-3.7%

Updated

19 Jan, 2022

Data

Company Financials
WEA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends3/6

WEA Stock Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Western Asset Premier Bond Fund
Historical stock prices
Current Share PriceUS$13.56
52 Week HighUS$14.87
52 Week LowUS$13.52
Beta0.58
1 Month Change-4.37%
3 Month Change-4.37%
1 Year Change-3.69%
3 Year Change7.62%
5 Year Change2.11%
Change since IPO-9.60%

Recent News & Updates

Dec 21

Western Asset Premier Bond Fund goes ex-dividend tomorrow

Western Asset Premier Bond Fund (WEA) had declared $0.066/share monthly dividend, in line with previous.Payable Dec. 31; for shareholders of record Dec. 23; ex-div Dec. 22.Additionally declared distributions for January and February.Payable Feb. 1; for shareholders of record Jan. 22; ex-div Jan. 21.Payable Mar. 1; for shareholders of record Feb. 19; ex-div Feb. 18.See WEA Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

WEAUS Capital MarketsUS Market
7D-2.9%-5.5%-4.6%
1Y-3.7%24.6%7.7%

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

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

Price Volatility

Is WEA's price volatile compared to industry and market?
WEA volatility
WEA Average Weekly Movement1.7%
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: WEA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2002n/aKen Fullerhttps://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=WEA

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, Western Asset Management Company Pte. Ltd., and Western Asset Management Company Ltd.

Western Asset Premier Bond Fund Fundamentals Summary

How do Western Asset Premier Bond Fund's earnings and revenue compare to its market cap?
WEA fundamental statistics
Market CapUS$160.87m
Earnings (TTM)US$21.42m
Revenue (TTM)US$12.50m

7.5x

P/E Ratio

12.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WEA income statement (TTM)
RevenueUS$12.50m
Cost of RevenueUS$0
Gross ProfitUS$12.50m
Expenses-US$8.92m
EarningsUS$21.42m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.81
Gross Margin100.00%
Net Profit Margin171.41%
Debt/Equity Ratio40.0%

How did WEA perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

44%

Payout Ratio

Does WEA pay a reliable dividends?

See WEA dividend history and benchmarks
When do you need to buy WEA by to receive an upcoming dividend?
Western Asset Premier Bond Fund dividend dates
Ex Dividend DateJan 21 2022
Dividend Pay DateFeb 01 2022
Days until Ex dividend1 day
Days until Dividend pay date12 days

Does WEA pay a reliable dividends?

See WEA dividend history and benchmarks

Valuation

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

3.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WEA ($13.56) is trading below our estimate of fair value ($13.99)

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 good value based on its PE Ratio (7.5x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: WEA is good value based on its PE Ratio (7.5x) compared to the US market (17x).


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 (0.9x) compared to the US Capital Markets industry average (42.2x).

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?

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 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?

0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WEA has a large one-off gain of $11.1M impacting its June 30 2021 financial results.

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


Past Earnings Growth Analysis

Earnings Trend: WEA's earnings have grown by 0.7% per year over the past 5 years.

Accelerating Growth: WEA's earnings growth over the past year (1381.8%) exceeds its 5-year average (0.7% per year).

Earnings vs Industry: WEA earnings growth over the past year (1381.8%) exceeded the Capital Markets industry 86.4%.


Return on Equity

High ROE: WEA's Return on Equity (12.3%) 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 ($5.4M) do not cover its short term liabilities ($16.5M).

Long Term Liabilities: WEA's short term assets ($5.4M) do not cover its long term liabilities ($57.5M).


Debt to Equity History and Analysis

Debt Level: WEA's net debt to equity ratio (39.9%) is considered satisfactory.

Reducing Debt: WEA's debt to equity ratio has increased from 35.7% to 40% over the past 5 years.

Debt Coverage: WEA's debt is not well covered by operating cash flow (8.9%).

Interest Coverage: WEA's interest payments on its debt are well covered by EBIT (21.7x coverage).


Balance Sheet

Dividend

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

5.84%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WEA's dividend (5.84%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: WEA's dividend (5.84%) is in the top 25% of dividend payers in the US market (3.48%)


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 reasonably low payout ratio (43.9%), WEA's dividend payments are 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?

16.7yrs

Average board tenure


CEO

Ken Fuller (63 yo)

8.67yrs

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. He serve...


Board Members

Experienced Board: WEA's board of directors are seasoned and experienced ( 16.7 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 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:41
End of Day Share Price2022/01/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.