RiverNorth (RMI) Fundamental Analysis: Revenue, Earnings & Valuation

2.12 / 10

Underperform

RiverNorth Opportunistic Municipal Income Fund's fundamental score is 2.1/10, indicating weak quality. Key concerns include a negative rate of return on total assets (-7.69%) and a significant decline in basic earnings per share (-150.4% YoY). Although the fixed assets turnover ratio is high, it is not sufficient to offset other fundamental weaknesses, leading to an overall underperform rating.

Analysis Checks(2/7)

Current liabilities / Total liabilities (%)

Value53.71

Score1/3

Weight13.58%

1M Return1.49%

Basic earnings per share (YoY growth rate %)

Value-150.40

Score2/3

Weight12.54%

1M Return1.47%

Rate of return on total assets (%)

Value-7.69

Score1/3

Weight12.43%

1M Return1.42%

Fixed assets turnover ratio

Value28052.73

Score3/3

Weight24.69%

1M Return2.65%

Annualized return on total assets (%)

Value-7.69

Score1/3

Weight12.43%

1M Return1.42%

Diluted earnings per share (YoY growth rate %)

Value33.93

Score1/3

Weight11.09%

1M Return1.22%

Current assets / Total assets (%)

Value42.04

Score1/3

Weight13.24%

1M Return1.44%

Is RMI fundamentally strong?

RMI scores 2.12/10 on fundamentals and holds a Premium valuation at present. Backed by its -3.83% ROE, -53.12% net margin, -24.11 P/E ratio, 0.98 P/B ratio, and -150.40% earnings growth, these metrics solidify its Underperform investment rating.