AMEX:EVV

Stock Analysis Report

Eaton Vance Limited Duration Income Fund

Executive Summary

Eaton Vance Limited Duration Income 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 Limited Duration Income Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.0%

EVV

-8.0%

US Capital Markets

-7.4%

US Market


1 Year Return

2.1%

EVV

8.3%

US Capital Markets

10.5%

US Market

Return vs Industry: EVV underperformed the US Capital Markets industry which returned 8.3% over the past year.

Return vs Market: EVV underperformed the US Market which returned 10.5% over the past year.


Shareholder returns

EVVIndustryMarket
7 Day-3.0%-8.0%-7.4%
30 Day-2.0%-4.0%-3.6%
90 Day1.4%-2.1%-0.6%
1 Year10.3%2.1%10.4%8.3%12.8%10.5%
3 Year13.5%-8.3%27.5%20.4%37.4%28.6%
5 Year33.9%-9.2%70.2%54.4%61.3%43.6%

Price Volatility Vs. Market

How volatile is Eaton Vance Limited Duration Income 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 Limited Duration Income Fund undervalued compared to its fair value and its price relative to the market?

21.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EVV ($13.06) is trading above our estimate of fair value ($5.96)

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


Price To Earnings Ratio

PE vs Industry: EVV is good value based on its PE Ratio (21.4x) compared to the Capital Markets industry average (32.3x).

PE vs Market: EVV is poor value based on its PE Ratio (21.4x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EVV is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.6x).

Future Growth

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

8.5%

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 Limited Duration Income 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 Limited Duration Income Fund performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EVV has high quality earnings.

Growing Profit Margin: EVV's current net profit margins (50.9%) are higher than last year (34.1%).


Past Earnings Growth Analysis

Earnings Trend: EVV's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: EVV's earnings growth over the past year (51%) exceeds its 5-year average (4.6% per year).

Earnings vs Industry: EVV earnings growth over the past year (51%) exceeded the Capital Markets industry 8.4%.


Return on Equity

High ROE: EVV's Return on Equity (4.1%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Eaton Vance Limited Duration Income 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: EVV has a low level of unsold assets or inventory.

Debt Coverage by Assets: EVV's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

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

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

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

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

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

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

Dividend

What is Eaton Vance Limited Duration Income Fund's current dividend yield, its reliability and sustainability?

7.07%

Current Dividend Yield


Dividend Yield vs Market

company7.1%marketbottom25%1.5%markettop25%3.9%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: EVV's dividend (7.08%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: EVV's dividend (7.08%) is in the top 25% of dividend payers in the US market (3.9%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (134.4%), EVV'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?

8.4yrs

Average board tenure


CEO

Eaton Vance Limited Duration Income Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Ralph Verni
Independent Chairperson13.1yrsUS$10.19kno data
Scott Eston
Noninterested Trustee8.4yrsUS$7.48kno data
William Park
Noninterested Trustee17.1yrsUS$7.36kno data
Ronald Pearlman
Noninterested Trustee17.1yrsUS$7.36kno data
Helen Peters
Noninterested Trustee12.1yrsUS$6.87kno data
Cynthia Frost
Noninterested Trustee5.8yrsUS$6.87kno data
Harriett Taggart
Noninterested Trustee8.4yrsUS$7.42kno data
Valerie Mosley
Noninterested Trustee6.1yrsUS$1.84kno data
George Gorman
Noninterested Trustee5.8yrsUS$6.87kno data

8.4yrs

Average Tenure

71yo

Average Age

Experienced Board: EVV's board of directors are considered experienced (8.4 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Eaton Vance Limited Duration Income Fund's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eaton Vance Limited Duration Income Fund
  • Ticker: EVV
  • Exchange: AMEX
  • Founded: 2003
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$1.549b
  • Shares outstanding: 116.15m
  • Website: https://funds.eatonvance.com/Limited-Duration-Income-Fund-EVV.php

Location

  • Eaton Vance Limited Duration Income Fund
  • Two International Place
  • Suite 1400
  • Boston
  • Massachusetts
  • 2110
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EVVAMEX (NYSE MKT LLC)YesCommon SharesUSUSDMay 2003

Biography

Eaton Vance Limited Duration Income Fund is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It primarily invests in senior, secured floating-rate loans, government agency mortgage-backed securities, and corporate bonds that are rated below investment grade. The fund seeks to maintain an average duration of three and a half years and average quality BBB/BBB- in its investments. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index, the Merrill Lynch U.S. High Yield Index, and the Barclays Capital U.S. Intermediate Government Bond Index. Eaton Vance Limited Duration Income Fund was formed on May 30, 2003 and is domiciled in the United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 00:34
End of Day Share Price2020/02/25 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.