BlackRock Municipal Income Fund
Financial ratios & Valuation

Historical Multiples (2016 – 2022)

2016 2017 2019 2020 2022 TTM Median
Valuation Ratios
Price/Earnings ratio
12.04-78.8313.30-52.52-9.45336.71-32.76
Price/Sales ratio
15.5714.7813.12-55.08-9.52245.6413.95
Price/Book Value ratio
8.150.920.890.890.910.910.90
Price/Cash Flow ratio
22.0314.8232.4823.6854.356.6828.08
Price/Free Cash Flow ratio
22.0314.8232.4823.6854.356.6028.08
Price/Earnings Growth ratio
0.560.680.070.420.05-2.720.24
Dividend Yield
6.35%5.87%4.10%4.09%2.74%5.45%4.77%
Profitability Indicator Ratios
Gross Profit Margin
75.96%69.96%90.43%100%100%100%80.20%
Operating Profit Margin
74.62%68.50%76.11%-328.09%-54.33%1606.22%72.31%
Pretax Profit Margin
129.28%-18.75%98.68%104.88%100.79%73.84%101.78%
Net Profit Margin
129.28%-18.75%98.68%104.88%100.79%73.84%101.78%
Effective Tax Rate
N/AN/A19.27%426.69%-248.40%-2939.31%222.98%
Return on Assets
N/A-0.72%4.09%-1.00%-5.37%0.16%2.12%
Return On Equity
67.72%-1.16%6.75%-1.69%-9.64%0.26%3.51%
Return on Capital Employed
N/A4.26%5.21%5.30%5.10%5.91%4.74%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A0.02N/A
Quick Ratio
N/A0.040.030.030.030.020.03
Cash ratio
N/AN/A0.00N/A0.00N/A0.00
Days of Sales Outstanding
N/AN/A131.98-576.28-166.291.62K880.06
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/A131.98N/AN/A1.62K880.06
Days of Payables Outstanding
N/A39.02196.26N/AN/AN/A98.13
Cash Conversion Cycle
N/A-39.02-64.28N/AN/A1.62K-51.65
Debt Ratios
Debt Ratio
N/AN/AN/A0.00N/A0.000.00
Debt Equity Ratio
N/AN/AN/A0.00N/A0.000.00
Long-term Debt to Capitalization
N/AN/AN/A0.00N/A0.000.00
Total Debt to Capitalization
N/AN/AN/A0.00N/A0.000.00
Interest Coverage Ratio
N/AN/AN/AN/AN/A2.46N/A
Cash Flow to Debt Ratio
N/AN/AN/A282.92N/A1.07K538.39
Company Equity Multiplier
N/A1.601.651.691.791.681.62
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.700.990.40-2.32-0.1737.200.70
Free Cash Flow / Operating Cash Flow Ratio
1111111
Cash Flow Coverage Ratio
N/AN/AN/A282.92N/A1.07K538.39
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
76.51%-463.15%54.55%-215.20%-25.89%1457.61%-204.29%