| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$13.56 |
| 52 Week High | US$14.87 |
| 52 Week Low | US$13.52 |
| Beta | 0.58 |
| 1 Month Change | -4.37% |
| 3 Month Change | -4.37% |
| 1 Year Change | -3.69% |
| 3 Year Change | 7.62% |
| 5 Year Change | 2.11% |
| Change since IPO | -9.60% |
Recent News & Updates
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
| WEA | US Capital Markets | US 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
| WEA volatility | |
|---|---|
| WEA Average Weekly Movement | 1.7% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2002 | n/a | Ken Fuller | https://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
| WEA fundamental statistics | |
|---|---|
| Market Cap | US$160.87m |
| Earnings (TTM) | US$21.42m |
| Revenue (TTM) | US$12.50m |
7.5x
P/E Ratio12.9x
P/S RatioIs WEA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WEA income statement (TTM) | |
|---|---|
| Revenue | US$12.50m |
| Cost of Revenue | US$0 |
| Gross Profit | US$12.50m |
| Expenses | -US$8.92m |
| Earnings | US$21.42m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.81 |
| Gross Margin | 100.00% |
| Net Profit Margin | 171.41% |
| Debt/Equity Ratio | 40.0% |
How did WEA perform over the long term?
See historical performance and comparisonDividends
5.8%
Current Dividend Yield44%
Payout RatioDoes WEA pay a reliable dividends?
See WEA dividend history and benchmarks| Western Asset Premier Bond Fund dividend dates | |
|---|---|
| Ex Dividend Date | Jan 21 2022 |
| Dividend Pay Date | Feb 01 2022 |
| Days until Ex dividend | 1 day |
| Days until Dividend pay date | 12 days |
Does WEA pay a reliable dividends?
See WEA dividend history and benchmarksValuation
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
- Name: Western Asset Premier Bond Fund
- Ticker: WEA
- Exchange: NYSE
- Founded: 2002
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$160.867m
- Shares outstanding: 11.86m
- Website: https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=WEA
Location
- Western Asset Premier Bond Fund
- 385 East Colorado Boulevard
- Pasadena
- California
- 91101
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:41 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.