AMEX:EIM

Stock Analysis Report

Eaton Vance Municipal Bond Fund

Executive Summary

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management.

Rewards


Snowflake Analysis

Share Price & News

How has Eaton Vance Municipal Bond Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EIM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.9%

EIM

-1.1%

US Capital Markets

-2.8%

US Market


1 Year Return

-4.5%

EIM

-14.5%

US Capital Markets

-15.9%

US Market

Return vs Industry: EIM exceeded the US Capital Markets industry which returned -14.1% over the past year.

Return vs Market: EIM exceeded the US Market which returned -15.1% over the past year.


Shareholder returns

EIMIndustryMarket
7 Day-2.9%-1.1%-2.8%
30 Day-12.0%-17.6%-18.8%
90 Day-9.2%-24.9%-24.0%
1 Year-0.4%-4.5%-12.8%-14.5%-14.2%-15.9%
3 Year7.6%-6.3%6.7%0.6%9.9%2.8%
5 Year18.7%-7.9%30.7%18.4%27.2%13.3%

Price Volatility Vs. Market

How volatile is Eaton Vance Municipal 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 Eaton Vance Municipal Bond Fund undervalued compared to its fair value and its price relative to the market?

7.81x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EIM ($11.78) is trading above our estimate of fair value ($0.9)

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


Price To Earnings Ratio

PE vs Industry: EIM is good value based on its PE Ratio (7.8x) compared to the Capital Markets industry average (33.8x).

PE vs Market: EIM is good value based on its PE Ratio (7.8x) compared to the US market (12.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EIM is good value based on its PB Ratio (0.8x) compared to the US Capital Markets industry average (7.7x).

Future Growth

How is Eaton Vance Municipal Bond Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.3%

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 Eaton Vance Municipal 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 Eaton Vance Municipal Bond Fund performed over the past 5 years?

-28.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EIM has a large one-off gain of $80.9M impacting its September 30 2019 financial results.

Growing Profit Margin: EIM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: EIM's earnings have declined by -28.7% per year over the past 5 years.

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

Earnings vs Industry: EIM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (9.7%).


Return on Equity

High ROE: EIM's Return on Equity (10.8%) is considered low.

Financial Health

How is Eaton Vance Municipal Bond Fund's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: EIM has a low level of unsold assets or inventory.

Debt Coverage by Assets: EIM's debt is not covered by short term assets (assets are 0x debt).


Financial Institutions Analysis

Asset Level: EIM's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if EIM has a sufficient allowance for bad loans.

Low Risk Liabilities: EIM reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if EIM has an acceptable proportion of non-loan assets held.

Low Risk Deposits: EIM has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if EIM has an appropriate level of bad loans.

Dividend

What is Eaton Vance Municipal Bond Fund's current dividend yield, its reliability and sustainability?

4.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EIM's dividend (4.48%) is higher than the bottom 25% of dividend payers in the US market (2.05%).

High Dividend: EIM's dividend (4.48%) is low compared to the top 25% of dividend payers in the US market (5.71%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.3%), EIM'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?

10.0yrs

Average board tenure


CEO

Eaton Vance Municipal Bond Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Allen Freedman
13.25yrsUS$6.39kno data
Ralph Verni
Chairman12.75yrsUS$9.04kno data
Scott Eston
8.58yrsUS$6.63kno data
William Park
17.25yrsUS$6.53kno data
Ronald Pearlman
17.25yrsUS$6.53kno data
Helen Peters
11.42yrsUS$6.03kno data
Cynthia Frost
5.92yrsUS$6.03kno data
Harriett Taggart
8.58yrsUS$6.51kno data
Valerie Mosley
5.92yrsUS$6.03kno data
George Gorman
5.92yrsUS$6.03kno data

10.0yrs

Average Tenure

71yo

Average Age

Experienced Board: EIM's board of directors are seasoned and experienced ( 10 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17%.


Top Shareholders

Company Information

Eaton Vance Municipal Bond Fund's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Eaton Vance Municipal Bond Fund
  • Two International Place
  • Suite 1400
  • Boston
  • Massachusetts
  • 2110
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EIMAMEX (NYSE MKT LLC)YesCommon SharesUSUSDAug 2002

Biography

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund’s investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors. It was formerly known as Eaton Vance Insured Municipal Bond Fund. Eaton Vance Municipal Bond Fund was founded in 2002 and is based in Boston, Massachusetts. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/04 23:44
End of Day Share Price2020/04/03 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.