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GBAB
In the News
GBAB: A Few Reasons I Wouldn't Get Too Aggressive Here
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust offers exposure to taxable municipal bonds and has a primary objective of providing current income. GBAB has seen strong performance in the short term, but there are concerns about its ability to sustain this performance. I recommend looking for better value elsewhere and am downgrading my outlook to "hold" for this CEF.
GBAB: Raising Outlook As Bonds Have Merit Going Forward (Rating Upgrade)
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust offers exposure to taxable municipal bonds and other IG and high yield credit products. GBAB has struggled and experienced negative returns over the past six months, but I believe the next six months will offer gains. The fund's excessive premium no longer exists, although the extensive use of leverage and the potential for an income cut need to be weighed carefully.
GBAB: Look For Rallies To Switch Out
The Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a high-duration municipal bond fund that suffered heavy losses in 2022 as interest rates rose. Long-term interest rates are still rising, which may continue to negatively impact GBAB's net asset value in the short-to-medium term. The fund's distribution yield of 9.8% of NAV may not be sustainable, as the portfolio only yields 5.9%, potentially leading to a distribution shortfall.
GBAB: A Year Later, The Fund's Outlook Remains Challenging
I saw some value in GBAB a year ago, but that thesis did not pan out. With 2023 off to a rocky start, I think caution is warranted here. The fund's diversity is a plus, but it brings about risk with high yield exposure. This can amplify the yield but pose challenges if the economy deteriorates.
Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)
16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.
GBAB: Strong Yield Not Supported By Fundamentals
Average coupon or interest rate earned on investments of GBAB is 5.46 percent while it pays dividend with an average yield in excess of 7 percent. Historical price performance of GBAB has been extremely poor, both in the short and the long term.
GBAB: Buy Case Starting To Emerge
GBAB has been falling steadily, but a bottom could be at hand.
NBB: Mixed Outlook For The Year Ahead
NBB: Mixed Outlook For The Year Ahead
GBAB: Staying Patient Has Paid Off
GBAB traded at a fairly steep premium during my last review, and that made me cautious on the fund. After a sell-off, the fund has a more reasonable valuation, and I continue to find its diversified holding list attractive compared to its peers.
Taxable Munis Deserve Attention
The taxable municipal bond market is growing and mature. Taxable munis offer a range of benefits for certain investors, in particular insurance companies.
GBAB Financial details
GBAB Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-05-31
Metric | History | 2019-05-31 | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-05-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 1.58 | 0.94 | 2.28 | -2.96 | -0.78 | |
Net income per share | 1.53 | 0.89 | 2.22 | -3 | -0.83 | |
Operating cash flow per share | 1.15 | 0.3 | -6.42 | 1.55 | 2.46 | |
Free cash flow per share | 1.15 | 0.3 | -6.42 | 1.55 | 2.46 | |
Cash per share | 0 | 0.01 | 0.03 | 0.01 | 0.01 | |
Book value per share | 22.74 | 25.38 | 25.33 | 18.35 | 16.61 | |
Tangible book value per share | 22.74 | 25.38 | 25.33 | 18.35 | 16.61 | |
Share holders equity per share | 22.74 | 25.38 | 25.33 | 18.35 | 16.61 | |
Interest debt per share | 9.18 | 10.91 | 15.81 | 15.42 | 11.72 | |
Market cap | 406.85M | 383.48M | 455.21M | 425.26M | 361.59M | |
Enterprise value | 507.56M | 476.27M | 650.35M | 592.95M | 488.52M | |
P/E ratio | 15.28 | 26.4 | 10.99 | -6.47 | -19.66 | |
Price to sales ratio | 14.8 | 25.07 | 10.71 | -6.57 | -21.01 | |
POCF ratio | 20.27 | 77.08 | -3.8 | 12.57 | 6.62 | |
PFCF ratio | 20.27 | 77.08 | -3.8 | 12.57 | 6.62 | |
P/B Ratio | 1.03 | 0.93 | 0.96 | 1.06 | 0.98 | |
PTB ratio | 1.03 | 0.93 | 0.96 | 1.06 | 0.98 | |
EV to sales | 18.47 | 31.13 | 15.31 | -9.17 | -28.39 | |
Enterprise value over EBITDA | 17.23 | 27.49 | 15.26 | -9.23 | -26.57 | |
EV to operating cash flow | 25.29 | 95.73 | -5.43 | 17.53 | 8.95 | |
EV to free cash flow | 25.29 | 95.73 | -5.43 | 17.53 | 8.95 | |
Earnings yield | 0.07 | 0.04 | 0.09 | -0.15 | -0.05 | |
Free cash flow yield | 0.05 | 0.01 | -0.26 | 0.08 | 0.15 | |
Debt to equity | 0.4 | 0.42 | 0.62 | 0.84 | 0.69 | |
Debt to assets | 0.31 | 0.34 | 0.39 | 0.59 | 0.51 | |
Net debt to EBITDA | 3.42 | 5.36 | 4.58 | -2.61 | -6.9 | |
Current ratio | 1.7 | 13.31 | 1.45 | 17.36 | 50.43 | |
Interest coverage | 10.42 | 6.18 | 36.27 | -44.4 | -3.31 | |
Income quality | 0.75 | 0.34 | -2.89 | -0.52 | -2.97 | |
Dividend Yield | 0.06 | 0.07 | 0.06 | 0.07 | 0.09 | |
Payout ratio | 0.98 | 1.81 | 0.68 | -0.46 | -1.76 | |
Sales general and administrative to revenue | 0.02 | 0.04 | 0.02 | -0.02 | -0.07 | |
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 | 27.98 | 22.54 | 35.57 | 35.21 | 17.61 | |
ROIC | 0.05 | 0.03 | 0.06 | -0.09 | -0.03 | |
Return on tangible assets | 0.05 | 0.03 | 0.05 | -0.12 | -0.04 | |
Graham Net | -5.5 | -5.4 | -10.09 | -7.2 | -5.42 | |
Working capital | 3.45M | 7.19M | 23.79M | 8.98M | 6.06M | |
Tangible asset value | 395.72M | 414.17M | 472.69M | 401.12M | 367.97M | |
Net current asset value | -97.82M | -86.18M | -207.74M | -160.01M | -121.63M | |
Invested capital | 0.4 | 0.42 | 0.62 | 0.84 | 0.69 | |
Average receivables | 8.59M | 7.99M | 41.56M | 42.36M | 7.62M | |
Average payables | 2.6M | 2.74M | 26.44M | 26.43M | 335.63K | |
Average inventory | 4.16M | 4.16M | 38.26M | 43.16M | 8.04M | |
Days sales outstanding | 110.22 | 183.04 | 648.23 | -52.25 | -126.64 | |
Days payables outstanding | 556.21 | 60.84 | 4.84K | 46.22 | 13.07 | |
Days of inventory on hand | 944.22 | 0 | 7.09K | 825.69 | 670.04 | |
Receivables turnover | 3.31 | 1.99 | 0.56 | -6.99 | -2.88 | |
Payables turnover | 0.66 | 6 | 0.08 | 7.9 | 27.94 | |
Inventory turnover | 0.39 | 0 | 0.05 | 0.44 | 0.54 | |
ROE | 0.07 | 0.04 | 0.09 | -0.16 | -0.05 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-11-30 for Q2
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 | 0 | 0.61 | 0.57 | 0.57 | |
Net income per share | 0 | 0 | -1.31 | 0.45 | -0.02 | |
Operating cash flow per share | 0 | 0 | 0.55 | 0.45 | 0.57 | |
Free cash flow per share | 0 | 0 | 0.55 | 0.45 | 0.57 | |
Cash per share | 0 | 0 | 0.01 | 0.01 | 0.01 | |
Book value per share | 0 | 0 | 16.74 | 16.01 | 15.23 | |
Tangible book value per share | 0 | 0 | 16.74 | 16.01 | 15.23 | |
Share holders equity per share | 0 | 0 | 16.74 | 16.01 | 15.23 | |
Interest debt per share | 0 | 0 | 12.01 | 11.21 | 6.15 | |
Market cap | 0 | 0 | 370.44M | 375.02M | 367.92M | |
Enterprise value | 177.62M | 167.69M | 497.38M | 501.96M | 508.38M | |
P/E ratio | 0 | 0 | -3.22 | 9.01 | -159.8 | |
Price to sales ratio | 0 | 0 | 27.69 | 28.68 | 27.51 | |
POCF ratio | 0 | 0 | 30.43 | 36.03 | 27.27 | |
PFCF ratio | 0 | 0 | 30.43 | 36.03 | 27.27 | |
P/B Ratio | 0 | 0 | 1.01 | 1.02 | 1.03 | |
PTB ratio | 0 | 0 | 1.01 | 1.02 | 1.03 | |
EV to sales | 0 | 0 | 37.18 | 38.39 | 38.01 | |
Enterprise value over EBITDA | 0 | 0 | -18.73 | 36.62 | 147.04 | |
EV to operating cash flow | 0 | 0 | 40.86 | 48.23 | 37.68 | |
EV to free cash flow | 0 | 0 | 40.86 | 48.23 | 37.68 | |
Earnings yield | 0 | 0 | -0.08 | 0.03 | 0 | |
Free cash flow yield | 0 | 0 | 0.03 | 0.03 | 0.04 | |
Debt to equity | 0.35 | 0.42 | 0.71 | 0.69 | 0.39 | |
Debt to assets | 0.26 | 0.29 | 0.53 | 0.51 | 0.28 | |
Net debt to EBITDA | 0 | 0 | -4.78 | 9.26 | 40.63 | |
Current ratio | 1.02 | 17.36 | 50.43 | 50.43 | 0 | |
Interest coverage | 0 | 0 | -11.93 | 4.11 | 0.89 | |
Income quality | 0 | 0 | -0.42 | 1 | -23.44 | |
Dividend Yield | 0 | 0 | 0.04 | 0.04 | 0.05 | |
Payout ratio | 0 | 0 | -0.55 | 1.58 | -29.37 | |
Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
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 | 0 | 0 | 22.21 | 12.78 | 2.9 | |
ROIC | 0 | 0 | -0.04 | 0.02 | 0.01 | |
Return on tangible assets | 0 | 0 | -0.06 | 0.02 | 0 | |
Graham Net | 0 | 0 | -5.36 | -5.22 | -6.01 | |
Working capital | 109.25K | 8.98M | 6.06M | 6.06M | -145.94M | |
Tangible asset value | 501.98M | 401.12M | 367.97M | 367.97M | 358.08M | |
Net current asset value | -181.08M | -160.01M | -121.63M | -121.63M | -146.74M | |
Invested capital | 0.35 | 0.42 | 0.71 | 0.69 | 0.39 | |
Average receivables | 41.2M | 8.1M | 7.62M | 5.97M | 6.46M | |
Average payables | 29.57M | 3.69M | 335.63K | 122.64K | 2.75M | |
Average inventory | 0 | 0 | 5.4M | 8.54M | 3.14M | |
Days sales outstanding | 0 | 0 | 40.17 | 41.1 | 46.77 | |
Days payables outstanding | 0 | 0 | 6.28 | 6.61 | 293.45 | |
Days of inventory on hand | 0 | 0 | 552.8 | 339.15 | 0 | |
Receivables turnover | 0 | 0 | 2.24 | 2.19 | 1.92 | |
Payables turnover | 0 | 0 | 14.33 | 13.61 | 0.31 | |
Inventory turnover | 0 | 0 | 0.16 | 0.27 | 0 | |
ROE | 0 | 0 | -0.08 | 0.03 | 0 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
GBAB Frequently Asked Questions
What is Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock symbol ?
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a US stock , located in Chicago of Il and trading under the symbol GBAB
What is Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock quote today ?
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock price is $16.3 today.
Is Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock public?
Yes, Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a publicly traded company.