Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management.
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.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
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.
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
Is Eaton Vance Municipal Bond Fund 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: 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).
How is Eaton Vance Municipal Bond Fund 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 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.
How has Eaton Vance Municipal Bond Fund performed over the past 5 years?
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.
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
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.
What is Eaton Vance Municipal Bond Fund's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Eaton Vance Municipal Bond Fund has no CEO, or we have no data on them.
Experienced Board: EIM's board of directors are seasoned and experienced ( 10 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17%.
Eaton Vance Municipal Bond Fund's company bio, employee growth, exchange listings and data sources
- Name: Eaton Vance Municipal Bond Fund
- Ticker: EIM
- Exchange: AMEX
- Founded: 2002
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$892.219m
- Shares outstanding: 75.74m
- Website: https://funds.eatonvance.com/Municipal-Bond-Fund-EIM.php
- Eaton Vance Municipal Bond Fund
- Two International Place
- Suite 1400
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EIM||AMEX (NYSE MKT LLC)||Yes||Common Shares||US||USD||Aug 2002|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 23:44|
|End of Day Share Price||2020/04/03 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.