AllianceBernstein National Municipal Income Fund, Inc.
AllianceBernstein National Municipal Income Fund, Inc. Fundamental Analysis
AllianceBernstein National Municipal Income Fund, Inc. (AFB) shows weak financial fundamentals with a PE ratio of 91.47, profit margin of 18.92%, and ROE of 1.00%. The company generates $0.0B in annual revenue with weak year-over-year growth of 1.50%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 50.1/100 based on profitability, valuation, growth, and balance sheet metrics. The C grade reflects average fundamentals, with notable risks in certain areas.
Fundamental Health Score
We analyze AFB's fundamental strength across five key dimensions:
Efficiency Score
WeakAFB struggles to generate sufficient returns from assets.
Valuation Score
ModerateAFB shows balanced valuation metrics.
Growth Score
ModerateAFB shows steady but slowing expansion.
Financial Health Score
ModerateAFB shows balanced financial health with some risks.
Profitability Score
ExcellentAFB achieves industry-leading margins.
Key Financial Metrics
Is AFB Expensive or Cheap?
P/E Ratio
AFB trades at 91.47 times earnings. This suggests a premium valuation.
PEG Ratio
When adjusting for growth, AFB's PEG of 0.91 indicates potential undervaluation.
Price to Book
The market values AllianceBernstein National Municipal Income Fund, Inc. at 0.90 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at 4.13 times EBITDA. This is generally considered low.
How Well Does AFB Make Money?
Net Profit Margin
For every $100 in sales, AllianceBernstein National Municipal Income Fund, Inc. keeps $18.92 as profit after all expenses.
Operating Margin
Core operations generate 18.92 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $1.00 in profit for every $100 of shareholder equity.
ROA
AllianceBernstein National Municipal Income Fund, Inc. generates $0.59 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
AllianceBernstein National Municipal Income Fund, Inc. generates strong operating cash flow of $28.53M, reflecting robust business health.
Free Cash Flow
AllianceBernstein National Municipal Income Fund, Inc. generates strong free cash flow of $28.53M, providing ample flexibility for dividends, buybacks, or growth.
FCF Per Share
Each share generates $0.99 in free cash annually.
FCF Yield
AFB converts 9.06% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
91.47
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
0.91
vs 25 benchmark
P/B Ratio
Price to book value ratio
0.90
vs 25 benchmark
P/S Ratio
Price to sales ratio
17.31
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.66
vs 25 benchmark
Current Ratio
Current assets to current liabilities
0.00
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.01
vs 25 benchmark
ROA
Return on assets percentage
0.006
vs 25 benchmark
ROCE
Return on capital employed
0.006
vs 25 benchmark
How AFB Stacks Against Its Sector Peers
| Metric | AFB Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 91.47 | 19.05 | Worse (Expensive) |
| ROE | 1.00% | 820.00% | Weak |
| Net Margin | 18.92% | 1618.00% | Weak |
| Debt/Equity | 0.66 | 1.00 | Strong (Low Leverage) |
| Current Ratio | 0.00 | 657.68 | Weak Liquidity |
| ROA | 0.59% | -24974.00% (disorted) | Weak |
AFB outperforms its industry in 1 out of 6 key metrics, but lagging in P/E Ratio.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews AllianceBernstein National Municipal Income Fund, Inc.'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
12.36%
Industry Style: Value, Dividend, Cyclical
High GrowthEPS CAGR
12.51%
Industry Style: Value, Dividend, Cyclical
High GrowthFCF CAGR
-28.83%
Industry Style: Value, Dividend, Cyclical
Declining