abrdn National Municipal Income Fund Past Earnings Performance
Past criteria checks 2/6
abrdn National Municipal Income Fund's earnings have been declining at an average annual rate of -59.7%, while the Capital Markets industry saw earnings growing at 9.1% annually. Revenues have been growing at an average rate of 31.8% per year. abrdn National Municipal Income Fund's return on equity is 1.6%, and it has net margins of 16.3%.
Key information
-59.7%
Earnings growth rate
-51.1%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 31.8% |
| Return on equity | 1.6% |
| Net Margin | 16.3% |
| Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses Breakdown
How abrdn National Municipal Income Fund makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 23 | 13 | 2 | 6 | 0 |
| 30 Jun 23 | 14 | -12 | 6 | 0 |
| 31 Mar 23 | 15 | -27 | 7 | 0 |
| 31 Dec 22 | 13 | -44 | 4 | 0 |
| 30 Sep 22 | 11 | -61 | 2 | 0 |
| 30 Jun 22 | 8 | -37 | 2 | 0 |
| 31 Mar 22 | 5 | -14 | 1 | 0 |
| 31 Dec 21 | 4 | -4 | 1 | 0 |
| 30 Sep 21 | 4 | 6 | 1 | 0 |
| 30 Jun 21 | 4 | 7 | 1 | 0 |
| 31 Mar 21 | 4 | 8 | 1 | 0 |
| 31 Dec 20 | 4 | 4 | 1 | 0 |
| 30 Sep 20 | 4 | 0 | 1 | 0 |
| 30 Jun 20 | 4 | 0 | 1 | 0 |
| 31 Mar 20 | 4 | 0 | 1 | 0 |
| 31 Dec 19 | 4 | 3 | 1 | 0 |
| 30 Sep 19 | 4 | 6 | 1 | 0 |
| 30 Jun 19 | 4 | 5 | 1 | 0 |
| 31 Mar 19 | 4 | 3 | 1 | 0 |
| 31 Dec 18 | 4 | 2 | 1 | 0 |
| 30 Sep 18 | 4 | 0 | 1 | 0 |
| 30 Jun 18 | 4 | 2 | 1 | 0 |
| 31 Mar 18 | 4 | 3 | 1 | 0 |
| 31 Dec 17 | 4 | 1 | 1 | 0 |
| 30 Sep 17 | 4 | 0 | 1 | 0 |
| 30 Jun 17 | 4 | 0 | 1 | 0 |
| 31 Mar 17 | 4 | 0 | 1 | 0 |
| 31 Dec 16 | 4 | 3 | 1 | 0 |
| 30 Sep 16 | 4 | 6 | 1 | 0 |
| 30 Jun 16 | 4 | 5 | 1 | 0 |
| 31 Mar 16 | 4 | 4 | 1 | 0 |
| 31 Dec 15 | 4 | 4 | 1 | 0 |
| 30 Sep 15 | 4 | 4 | 1 | 0 |
| 30 Jun 15 | 4 | 6 | 1 | 0 |
| 31 Mar 15 | 4 | 9 | 1 | 0 |
| 31 Dec 14 | 4 | 9 | 1 | 0 |
| 30 Sep 14 | 4 | 9 | 1 | 0 |
| 30 Jun 14 | 4 | 3 | 1 | 0 |
| 31 Mar 14 | 4 | -2 | 1 | 0 |
| 31 Dec 13 | 4 | -4 | 1 | 0 |
| 30 Sep 13 | 4 | -4 | 1 | 0 |
| 30 Jun 13 | 4 | 2 | 1 | 0 |
Quality Earnings: VFL has a large one-off loss of $3.9M impacting its last 12 months of financial results to 30th September, 2023.
Growing Profit Margin: VFL became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VFL has become profitable over the past 5 years, growing earnings by -59.7% per year.
Accelerating Growth: VFL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: VFL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (7.2%).
Return on Equity
High ROE: VFL's Return on Equity (1.6%) is considered low.