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In the News
CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best
Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptionally cheap, with discounts wider than 99% of historical observations. The risk-reward in the taxable bond CEF space is on the downside, while the upside potential in municipal CEFs is significant, but dependent on a shift in Fed policy and inflation.
Municipal CEF Sector Update: A Trio Of Tailwinds
Tax-exempt municipal bonds have had a tough ride since 2022; however, the sector enjoys a number of current and upcoming tailwinds. These tailwinds include a stabilization and likely increase in net income once the Fed starts to reverse the policy rate, likely further gains in the NAV and historically wide discounts.
Municipal CEF Sector Update: 2023 Fed Pause Offers A Good Entry Point
The Municipal bond sector has taken a hit this year on the back of high and sticky inflation and the Fed's attempt to bring it to heel. We discuss the key themes driving the sector and why the upcoming Fed pause may offer an attractive entry point.
EVN And BYM: Best Performers Amongst Lightly Reviewed Muni Funds
The Eaton Vance Municipal Income Trust invests primarily in investment-grade municipal obligations of various sectors with a mixture of sectors across the full spectrum. BlackRock Municipal Income Quality Trust may invest up to 20% of its assets in bonds rated below Aaa or AAA (but not lower than BBB/Baa).
Municipal CEF Sector Update: The Distribution Cut Wave Has Begun
April saw a well above average number of net distribution cuts for the tax-exempt CEF sector - a direct outcome of rising leverage costs.
Municipal CEF Market Update: A Much-Improved Valuation Profile
2022 has not been kind to municipal bonds so far with an unusually sharp drawdown to kick off the year, driven by persistent inflation and a hawkish Fed.
CEF Weekly Market Review: Not Too Early To Think About Tax-Loss Rotations
CEF Weekly Market Review: Not Too Early To Think About Tax-Loss Rotations
Muni Market Update January 2022: The Sector Corrects
Munis are giving us a chance to own them again at some compelling discounts relative to long-term valuations.
CEF Weekly Market Review: When It Rains It Pours
CEF Weekly Market Review: When It Rains It Pours
CEF Weekly Market Review: October Mostly Erases September Losses
We review CEF market valuation and performance over the last week of October and highlight recent market events. In aggregate, October was a near mirror-image of the price action in September as the market delivered decent NAV gains as well as strong discount action.
EVN Financial details
EVN Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-11-30
Metric | History | 2019-11-30 | 2020-11-30 | 2021-11-30 | 2022-11-30 | 2023-11-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 1.71 | 0.96 | 0.73 | -2.53 | 0.41 | |
Net income per share | 1.66 | 0.9 | 0.68 | -2.59 | 0.36 | |
Operating cash flow per share | 0.47 | 0.95 | 1.03 | 2.14 | 1.94 | |
Free cash flow per share | 0.47 | 0.95 | 1.03 | 2.14 | 1.94 | |
Cash per share | 0.07 | 0.1 | 0.25 | 0.13 | 0 | |
Book value per share | 14.75 | 14.19 | 14.23 | 12.03 | 11.88 | |
Tangible book value per share | 14.75 | 14.19 | 14.23 | 12.03 | 11.88 | |
Share holders equity per share | 14.75 | 14.19 | 14.23 | 12.03 | 11.88 | |
Interest debt per share | 8.75 | 7.82 | 7.43 | 6.28 | 4.82 | |
Market cap | 477.72M | 523.22M | 543.44M | 380.18M | 353.84M | |
Enterprise value | 793.39M | 824.35M | 826.46M | 604.32M | 525M | |
P/E ratio | 7.76 | 14.71 | 20.26 | -3.96 | 26.62 | |
Price to sales ratio | 7.51 | 13.85 | 18.73 | -4.05 | 23.51 | |
POCF ratio | 27.63 | 13.9 | 13.35 | 4.78 | 4.93 | |
PFCF ratio | 27.63 | 13.9 | 13.35 | 4.78 | 4.93 | |
P/B Ratio | 0.87 | 0.93 | 0.96 | 0.85 | 0.8 | |
PTB ratio | 0.87 | 0.93 | 0.96 | 0.85 | 0.8 | |
EV to sales | 12.48 | 21.83 | 28.49 | -6.44 | 34.88 | |
Enterprise value over EBITDA | 12.89 | 23.17 | 30.81 | -6.57 | 39.5 | |
EV to operating cash flow | 45.88 | 21.9 | 20.3 | 7.6 | 7.31 | |
EV to free cash flow | 45.88 | 21.9 | 20.3 | 7.6 | 7.31 | |
Earnings yield | 0.13 | 0.07 | 0.05 | -0.25 | 0.04 | |
Free cash flow yield | 0.04 | 0.07 | 0.07 | 0.21 | 0.2 | |
Debt to equity | 0.58 | 0.54 | 0.52 | 0.51 | 0.39 | |
Debt to assets | 0.37 | 0.35 | 0.34 | 0.34 | 0.28 | |
Net debt to EBITDA | 5.13 | 8.46 | 10.55 | -2.44 | 12.88 | |
Current ratio | 8.78 | 25.66 | 2.98 | 3.44 | 2.35 | |
Interest coverage | 9.68 | 9.22 | 16.57 | -23.46 | 1.75 | |
Income quality | 0.28 | 1.06 | 1.52 | -0.83 | 5.4 | |
Dividend Yield | 0.05 | 0.04 | 0.04 | 0.06 | 0.05 | |
Payout ratio | 0.36 | 0.63 | 0.85 | -0.23 | 1.42 | |
Sales general and administrative to revenue | 0.03 | 0.06 | 0.07 | -0.02 | 0.12 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 23.46 | 16.96 | 14.71 | 26.46 | 9.79 | |
ROIC | 0.05 | 0.01 | 0 | -0.17 | -0.01 | |
Return on tangible assets | 0.07 | 0.04 | 0.03 | -0.14 | 0.02 | |
Graham Net | -8.34 | -7.46 | -7.13 | -5.95 | -4.53 | |
Working capital | 12.29M | 13.7M | 13.64M | 11.89M | 6.68M | |
Tangible asset value | 546.98M | 560.3M | 564.42M | 446.31M | 440.78M | |
Net current asset value | -306.64M | -291.93M | -280.11M | -217.69M | -165.26M | |
Invested capital | 0.58 | 0.54 | 0.52 | 0.51 | 0.39 | |
Average receivables | 9.23M | 10.88M | 10.45M | 11.2M | 11.7M | |
Average payables | 5.31M | 1.07M | 3.73M | 5.89M | 4.91M | |
Average inventory | 0 | 0 | 0 | 0 | 0 | |
Days sales outstanding | 65.16 | 100.53 | 132.02 | -46.3 | 278.67 | |
Days payables outstanding | 98.75 | 36.31 | 461.97 | 364.56 | 433.01 | |
Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
Receivables turnover | 5.6 | 3.63 | 2.76 | -7.88 | 1.31 | |
Payables turnover | 3.7 | 10.05 | 0.79 | 1 | 0.84 | |
Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
ROE | 0.11 | 0.06 | 0.05 | -0.21 | 0.03 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-11-30 for Q4
Metric | History | 2021-11-30 | 2022-05-31 | 2022-11-30 | 2023-05-31 | 2023-11-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 0.38 | 0.24 | -0.07 | 0.3 | 0.14 | |
Net income per share | 0.16 | -1.78 | -0.64 | 0.18 | 0.15 | |
Operating cash flow per share | 0.32 | 0.32 | 0.29 | 0.23 | 0.21 | |
Free cash flow per share | 0.32 | 0.32 | 0.29 | 0.23 | 0.21 | |
Cash per share | 0.25 | 0.12 | 0.12 | 0.02 | 0 | |
Book value per share | 14.23 | 12.16 | 11.25 | 11.19 | 11.11 | |
Tangible book value per share | 14.23 | 12.16 | 11.25 | 11.19 | 11.11 | |
Share holders equity per share | 14.23 | 12.16 | 11.25 | 11.19 | 11.11 | |
Interest debt per share | 7.41 | 6.93 | 5.84 | 4.93 | 4.41 | |
Market cap | 543.44M | 462.52M | 406.59M | 389.13M | 378.42M | |
Enterprise value | 826.46M | 731.44M | 630.73M | 580M | 549.58M | |
P/E ratio | 21.18 | -1.64 | -4.02 | 13.5 | 15.55 | |
Price to sales ratio | 35.8 | 48.44 | -149.65 | 32.62 | 66.37 | |
POCF ratio | 42.27 | 37.02 | 35.11 | 42.82 | 46.05 | |
PFCF ratio | 42.27 | 37.02 | 35.11 | 42.82 | 46.05 | |
P/B Ratio | 0.96 | 0.96 | 0.91 | 0.88 | 0.86 | |
PTB ratio | 0.96 | 0.96 | 0.91 | 0.88 | 0.86 | |
EV to sales | 54.44 | 76.61 | -232.15 | 48.62 | 96.38 | |
Enterprise value over EBITDA | 113.66 | -10.53 | -27.97 | 52.24 | 56.13 | |
EV to operating cash flow | 64.28 | 58.54 | 54.47 | 63.83 | 66.87 | |
EV to free cash flow | 64.28 | 58.54 | 54.47 | 63.83 | 66.87 | |
Earnings yield | 0.01 | -0.15 | -0.06 | 0.02 | 0.02 | |
Free cash flow yield | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 | |
Debt to equity | 0.52 | 0.57 | 0.51 | 0.43 | 0.39 | |
Debt to assets | 0.34 | 0.36 | 0.34 | 0.29 | 0.28 | |
Net debt to EBITDA | 38.92 | -3.87 | -9.94 | 17.19 | 17.48 | |
Current ratio | 47.99 | 3.06 | 3.44 | 2.15 | 2.35 | |
Interest coverage | 8.47 | -57.4 | -8.31 | 2.85 | 2.64 | |
Income quality | 2 | -0.18 | -0.46 | 1.26 | 1.35 | |
Dividend Yield | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | |
Payout ratio | 1.77 | -0.16 | -0.43 | 1.35 | 1.49 | |
Sales general and administrative to revenue | 0.18 | 0.28 | -0.88 | 0.19 | 0.37 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 7.19 | 22.08 | 12.7 | 6.76 | 6.19 | |
ROIC | -0.01 | -0.11 | -0.05 | -0.01 | -0.02 | |
Return on tangible assets | 0.01 | -0.09 | -0.04 | 0.01 | 0.01 | |
Graham Net | -7.13 | -6.69 | -5.56 | -4.8 | -4.24 | |
Working capital | 20.11M | 12.06M | 11.89M | 13.54M | 6.68M | |
Tangible asset value | 564.42M | 482.39M | 446.31M | 443.76M | 440.78M | |
Net current asset value | -280.11M | -262.07M | -217.69M | -184.46M | -165.26M | |
Invested capital | 0.52 | 0.57 | 0.51 | 0.43 | 0.39 | |
Average receivables | 10.16M | 11.88M | 12.59M | 18.23M | 18.02M | |
Average payables | 3.97M | 6.38M | 5.37M | 8.35M | 8.38M | |
Average inventory | 0 | 0 | 0 | 0 | 0 | |
Days sales outstanding | 62.2 | 125.02 | -394.57 | 185.27 | 181.39 | |
Days payables outstanding | 227.12 | 205.5 | 189.87 | 492.62 | 221.71 | |
Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
Receivables turnover | 1.45 | 0.72 | -0.23 | 0.49 | 0.5 | |
Payables turnover | 0.4 | 0.44 | 0.47 | 0.18 | 0.41 | |
Inventory turnover | 0 | 0 | 0 | 579742.2B | 0 | |
ROE | 0.01 | -0.15 | -0.06 | 0.02 | 0.01 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
EVN Frequently Asked Questions
What is Eaton Vance Municipal Income Trust stock symbol ?
Eaton Vance Municipal Income Trust is a US stock , located in Boston of Ma and trading under the symbol EVN
What is Eaton Vance Municipal Income Trust stock quote today ?
Eaton Vance Municipal Income Trust stock price is $10.25 today.
Is Eaton Vance Municipal Income Trust stock public?
Yes, Eaton Vance Municipal Income Trust is a publicly traded company.