MFS High Yield Municipal Trust
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
6.4416.623.2012.0732.4610.10246.0912.59-3.2663.8124.6224.62
Price/Sales ratio
11.3711.071.1911.7129.699.88155.5712.23-3.299.7911.389.88
Price/Book Value ratio
0.880.600.060.980.830.960.910.930.860.860.930.83
Price/Cash Flow ratio
15.2117.471.9317.5115.3121.1120.2521.279.023.496.1221.11
Price/Free Cash Flow ratio
15.2117.471.9317.5115.3121.1120.2521.279.023.496.1221.11
Price/Earnings Growth ratio
-0.01-0.270.00-0.16-0.480.03-2.550.000.00-0.600.79-0.48
Dividend Yield
6.57%6.23%53.04%5.70%6.53%4.82%5.02%4.56%5.55%4.72%4.70%4.82%
Profitability Indicator Ratios
Gross Profit Margin
77.86%78.62%87.45%73.52%7.15%89.03%-80.13%85.90%104.73%84.51%85.55%7.15%
Operating Profit Margin
84.20%66.59%77.19%126.09%-12.49%97.81%63.21%97.16%95.57%81.93%76.93%-12.49%
Pretax Profit Margin
176.53%66.59%27.24%97.02%91.46%97.81%63.21%97.16%100.99%15.34%46.22%97.81%
Net Profit Margin
176.49%66.59%37.14%97.02%91.46%97.81%63.21%97.16%100.99%15.34%46.22%97.81%
Effective Tax Rate
52.30%0.00%414.08%113.59%-232.02%49.44%1186.28%55.47%-22.41%N/A-35.93%-232.02%
Return on Assets
9.08%3.60%2.15%5.21%1.63%6.17%0.23%4.63%-15.79%0.81%2.33%1.63%
Return On Equity
13.78%3.62%2.16%8.15%2.58%9.53%0.37%7.41%-26.44%1.36%3.86%2.58%
Return on Capital Employed
4.37%3.62%4.50%6.83%-0.22%6.18%0.23%4.80%-15.00%4.41%3.89%-0.22%
Liquidity Ratios
Current Ratio
0.552.320.720.280.541.87N/AN/AN/AN/A4.140.54
Quick Ratio
2.135.944.180.410.6612.514.570.754.271.404.140.66
Cash ratio
0.000.340.36N/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Sales Outstanding
130.18158.18104.28120.82407.34112.621.84K205.23-39.98110.07121.21112.62
Days of Inventory outstanding
N/AN/AN/A-27.67-23.49N/AN/AN/AN/AN/AN/A-23.49
Operating Cycle
130.18158.18104.2893.15383.85112.621.84K205.23-39.98110.07121.21112.62
Days of Payables Outstanding
248.98100.74169.51182.76146.2430.19195.251.90K192.88554.7494.7230.19
Cash Conversion Cycle
-118.7957.44-65.22-89.60237.6182.431.64K-1.69K-232.87-444.6626.4982.43
Debt Ratios
Debt Ratio
0.330.330.350.350.350.340.350.33N/A0.380.380.35
Debt Equity Ratio
0.500.330.360.550.560.530.560.54N/A0.640.630.56
Long-term Debt to Capitalization
0.330.250.260.350.360.350.350.35N/A0.390.380.36
Total Debt to Capitalization
0.330.250.260.350.360.350.350.35N/A0.390.380.36
Interest Coverage Ratio
0.75-8.75-1.682.33-1.870.97N/AN/AN/AN/A3.81-1.87
Cash Flow to Debt Ratio
0.110.100.090.100.090.080.080.08N/A0.380.240.09
Company Equity Multiplier
1.511.001.001.561.581.541.561.601.671.661.631.58
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.740.630.610.661.930.467.680.57-0.362.801.851.85
Free Cash Flow / Operating Cash Flow Ratio
111111111111
Cash Flow Coverage Ratio
0.110.100.090.100.090.080.080.08N/A0.380.240.09
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
42.34%103.69%170.00%68.94%212.01%48.75%1236.31%57.50%-18.15%301.28%128.26%128.26%