Blackrock Muniyield Michigan Quality Fund (MIY) Fundamental Analysis: Revenue, Earnings & Valuation

1.32 / 10

Underperform

The company shows subpar fundamentals with a fundamental score of 1.32/10. Key concerns include a negative return on total assets (-7.69%) and a significant year-over-year decline in basic earnings per share (-213.47%). Although the fixed assets turnover ratio is high (28052.73), indicating efficient fixed asset utilization, it is not enough to offset other weaknesses. Overall, the fundamental outlook is challenging, warranting caution.

Analysis Checks(1/7)

Current liabilities / Total liabilities (%)

Value53.71

Score1/3

Weight17.96%

1M Return1.49%

Basic earnings per share (YoY growth rate %)

Value-213.47

Score0/3

Weight6.67%

1M Return0.58%

Rate of return on total assets (%)

Value-7.69

Score1/3

Weight16.44%

1M Return1.42%

Fixed assets turnover ratio

Value28052.73

Score2/3

Weight14.59%

1M Return1.25%

Annualized return on total assets (%)

Value-7.69

Score1/3

Weight16.44%

1M Return1.42%

Diluted earnings per share (YoY growth rate %)

Value33.93

Score0/3

Weight10.38%

1M Return0.91%

Current assets / Total assets (%)

Value42.04

Score1/3

Weight17.52%

1M Return1.44%

Is MIY fundamentally strong?

MIY scores 1.32/10 on fundamentals and holds a Premium valuation at present. Backed by its -5.79% ROE, -80.40% net margin, -16.87 P/E ratio, 1.03 P/B ratio, and -213.47% earnings growth, these metrics solidify its Underperform investment rating.