BlackRock MuniYield Quality Fund III, Inc. Fundamental Analysis (NYSE: MYI)
BlackRock MuniYield Quality Fund III, Inc. Fundamental Analysis (NYSE: MYI)
BlackRock MuniYield Quality Fund III, Inc. (NYSE: MYI) shows moderate financial fundamentals with a PE ratio of 28.22, profit margin of 60.09%, and ROE of 3.23%. The company generates $0.0B in annual revenue with N/A year-over-year growth of N/A.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 52.5/100 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 MYI's fundamental strength across five key dimensions:
Efficiency Score
WeakMYI struggles to generate sufficient returns from assets.
Valuation Score
ModerateMYI shows balanced valuation metrics.
Growth Score
ModerateMYI shows steady but slowing expansion.
Financial Health Score
ExcellentMYI maintains a strong and stable balance sheet.
Profitability Score
ModerateMYI maintains healthy but balanced margins.
Key Financial Metrics
Is MYI Expensive or Cheap?
P/E Ratio
MYI trades at 28.22 times earnings. This indicates a fair valuation.
PEG Ratio
When adjusting for growth, MYI's PEG of -0.03 indicates potential undervaluation.
Price to Book
The market values BlackRock MuniYield Quality Fund III, Inc. at 0.90 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at 3.80 times EBITDA. This is generally considered low.
How Well Does MYI Make Money?
Net Profit Margin
For every $100 in sales, BlackRock MuniYield Quality Fund III, Inc. keeps $60.09 as profit after all expenses.
Operating Margin
Core operations generate 1.05 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $3.23 in profit for every $100 of shareholder equity.
ROA
BlackRock MuniYield Quality Fund III, Inc. generates $1.83 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
BlackRock MuniYield Quality Fund III, Inc. generates strong operating cash flow of $33.18M, reflecting robust business health.
Free Cash Flow
BlackRock MuniYield Quality Fund III, Inc. generates strong free cash flow of $34.65M, providing ample flexibility for dividends, buybacks, or growth.
FCF Per Share
Each share generates $0.52 in free cash annually.
FCF Yield
MYI converts 4.87% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
28.22
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
-0.03
vs 25 benchmark
P/B Ratio
Price to book value ratio
0.90
vs 25 benchmark
P/S Ratio
Price to sales ratio
17.22
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.70
vs 25 benchmark
Current Ratio
Current assets to current liabilities
26.45
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.03
vs 25 benchmark
ROA
Return on assets percentage
0.02
vs 25 benchmark
ROCE
Return on capital employed
0.03
vs 25 benchmark
How MYI Stacks Against Its Sector Peers
| Metric | MYI Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 28.22 | 21.05 | Worse (Expensive) |
| ROE | 3.23% | 653.00% | Weak |
| Net Margin | 60.09% | -610.00% (disorted) | Strong |
| Debt/Equity | 0.70 | 0.88 | Strong (Low Leverage) |
| Current Ratio | 26.45 | 891.58 | Strong Liquidity |
| ROA | 1.83% | 6602.00% | Weak |
MYI outperforms its industry in 3 out of 6 key metrics, particularly excelling in Net Margin, but lagging in P/E Ratio.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews BlackRock MuniYield Quality Fund III, Inc.'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
N/A
Industry Style: Value, Dividend, Cyclical
EPS CAGR
N/A
Industry Style: Value, Dividend, Cyclical
FCF CAGR
N/A
Industry Style: Value, Dividend, Cyclical