BlackRock MuniYield Michi... (MIY)
BlackRock MuniYield Michigan Quality Fund Statistics
Share Statistics
BlackRock MuniYield Michigan Quality Fund has - shares outstanding. The number of shares has increased by 0% in one year.
| Shares Outstanding | - |
| Shares Change (YoY) | 0% |
| Shares Change (QoQ) | 0% |
| Owned by Institutions (%) | 21.4% |
| Shares Floating | 28.96M |
| Failed to Deliver (FTD) Shares | 12.47K |
| FTD / Avg. Volume | 25.62% |
Short Selling Information
The latest short interest is 37.22K, so 0.13% of the outstanding shares have been sold short.
| Short Interest | 37.22K |
| Short % of Shares Out | 0.13% |
| Short % of Float | 0.13% |
| Short Ratio (days to cover) | 0.41 |
Valuation Ratios
The PE ratio is 18.35 and the forward PE ratio is null. BlackRock MuniYield Michigan Quality Fund's PEG ratio is -0.03.
| PE Ratio | 18.35 |
| Forward PE | n/a |
| PS Ratio | 13.14 |
| Forward PS | null |
| PB Ratio | 0.89 |
| P/FCF Ratio | 14.81 |
| PEG Ratio | -0.03 |
Enterprise Valuation
BlackRock MuniYield Michigan Quality Fund has an Enterprise Value (EV) of 551.46M.
| EV / Sales | 21.54 |
| EV / EBITDA | 0 |
| EV / EBIT | 24.28 |
| EV / FCF | 24.28 |
Financial Position
The company has a current ratio of 8.04, with a Debt / Equity ratio of 0.61.
| Current Ratio | 8.04 |
| Quick Ratio | 8.04 |
| Debt / Equity | 0.61 |
| Debt / EBITDA | - |
| Debt / FCF | 10.2 |
| Interest Coverage | 2.19 |
Financial Efficiency
Return on Equity is 4.84% and Return on Invested Capital is 3.6%.
| Return on Equity | 4.84% |
| Return on Assets | 2.99% |
| Return on Invested Capital | 3.6% |
| Revenue Per Employee | $- |
| Profits Per Employee | $- |
| Employee Count | undefined |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 0 |
| Effective Tax Rate | 0% |
Stock Price Statistics
The stock price has increased by 0.35% in the last 52 weeks. The beta is 0.47, so BlackRock MuniYield Michigan Quality Fund's price volatility has been higher than the market average.
| Beta | 0.47 |
| 52-Week Price Change | 0.35% |
| 50-Day Moving Average | 11.53 |
| 200-Day Moving Average | 11.63 |
| Relative Strength Index (RSI) | 55.1 |
| Average Volume (20 Days) | 48.67K |
Income Statement
In the last 12 months, BlackRock MuniYield Michigan Quality Fund had revenue of 25.6M and earned 18.32M in profits. Earnings per share was 0.63.
| Revenue | 25.6M |
| Gross Profit | 20.77M |
| Operating Income | 22.39M |
| Net Income | 18.32M |
| EBITDA | 0 |
| EBIT | 22.39M |
| Earnings Per Share (EPS) | 0.63 |
Balance Sheet
The company has 16.39M in cash and 231.57M in debt, giving a net cash position of -215.18M.
| Cash & Cash Equivalents | 16.39M |
| Total Debt | 231.57M |
| Net Cash | -215.18M |
| Retained Earnings | -30.32M |
| Total Assets | 612.77M |
| Working Capital | 15.85M |
Cash Flow
In the last 12 months, operating cash flow was 22.71M and capital expenditures 4, giving a free cash flow of 22.71M.
| Operating Cash Flow | 22.71M |
| Capital Expenditures | 4 |
| Free Cash Flow | 22.71M |
| FCF Per Share | 0.78 |
Margins
Gross margin is 81.12%, with operating and profit margins of 87.46% and 71.58%.
| Gross Margin | 81.12% |
| Operating Margin | 87.46% |
| Pretax Margin | 71.58% |
| Profit Margin | 71.58% |
| EBITDA Margin | n/a |
| EBIT Margin | 87.46% |
| FCF Margin | 88.72% |
Dividends & Yields
MIY pays an annual dividend of $0.65, which amounts to a dividend yield of 5.29%.
| Dividend Per Share | $0.65 |
| Dividend Yield | 5.29% |
| Dividend Growth (YoY) | 17.2% |
| Payout Ratio | 100.38% |
| Earnings Yield | 5.45% |
| FCF Yield | 6.75% |
Analyst Forecast
Currently there are no analyst rating for MIY.
| Price Target | n/a |
| Price Target Difference | n/a |
| Analyst Consensus | n/a |
| Analyst Count | n/a |
Scores
| Altman Z-Score | 1.2 |
| Piotroski F-Score | 7 |