Pioneer Municipal Financials

MHI Stock  USD 9.58  0.09  0.95%   
Based on the analysis of Pioneer Municipal's profitability, liquidity, and operating efficiency, Pioneer Municipal High is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. As of now, Pioneer Municipal's Accounts Payable is increasing as compared to previous years. The Pioneer Municipal's current Net Receivables is estimated to increase to about 5.3 M, while Retained Earnings are forecasted to increase to (73.6 M). Key indicators impacting Pioneer Municipal's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.210.2
Sufficiently Up
Slightly volatile
Current Ratio1.821.9168
Notably Down
Pretty Stable
The financial analysis of Pioneer Municipal is a critical element in measuring its lifeblood. Investors should not minimize Pioneer Municipal's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

(1.56 Million)

  
Understanding current and past Pioneer Municipal Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Pioneer Municipal's financial statements are interrelated, with each one affecting the others. For example, an increase in Pioneer Municipal's assets may result in an increase in income on the income statement.

Pioneer Municipal Stock Summary

Pioneer Municipal competes with Nuveen Mortgage, Western Asset, Western Asset, MFS Municipal, and Invesco High. Pioneer Municipal High Income Fund, Inc. is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. Pioneer Municipal High Income Fund, Inc. was formed on March 13, 2003 and is domiciled in the United States. Pioneer Muni operates under Asset Management classification in the United States and is traded on New York Stock Exchange.
Specialization
Financial Services, Financial Services
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS7237631087
CUSIP723763108
LocationMassachusetts; U.S.A
Business Address60 State Street,
SectorCapital Markets
IndustryFinancials
BenchmarkDow Jones Industrial
Websiteus.pioneerinvestments.com/products/fund-de
Phone617 422 4700
CurrencyUSD - US Dollar

Pioneer Municipal Key Financial Ratios

Pioneer Municipal Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets407.5M447.1M394.4M361.6M276.6M319.2M
Net Tangible Assets287.9M280.3M299.3M248.3M223.5M255.7M
Retained Earnings(20.7M)(1.7M)(52.7M)(68.0M)(77.5M)(73.6M)
Other Assets107.3K1.0K104.01.4K(865.0K)(908.2K)
Net Receivables5.7M5.2M5.5M5.7M5.1M5.3M
Total Liab127.2M147.9M146.1M130.0M54.8M64.0M
Other Current Liab91.6K(2.8M)(1.1M)(853.9K)(4.6M)(4.3M)
Total Current Assets12.8M7.7M5.6M6.8M10.9M8.2M
Net Debt117.9M142.5M144.9M128.8M45.9M61.1M
Other Current Assets(12.8M)(7.7M)1.7K1.7M2.1M2.2M

Pioneer Municipal Key Income Statement Accounts

201920202021202220232024 (projected)
Total Revenue5.8M33.2M(39.4M)(4.3M)(764.7K)(726.4K)
Gross Profit3.0M17.3M16.7M(6.7M)(764.7K)(726.4K)
Operating Income15.7M13.9M13.5M13.7M4.7M4.4M
Ebit(10.6M)33.7M(25.3M)(4.9M)19.0M19.9M
Cost Of Revenue2.8M15.9M(56.2M)2.4M(17.9M)(17.0M)
Income Before Tax5.3M32.3M(40.1M)(4.9M)(1.6M)(1.6M)
Net Income5.3M32.3M(40.1M)(4.9M)(1.6M)(1.6M)
Income Tax Expense(10.4M)18.4M(53.6M)(18.6M)(167.9K)(176.3K)
Ebitda(10.4M)19.8M(38.8M)(18.6M)4.7M4.9M
Interest Income7.2M17.3M16.7M16.5M17.2M12.3M
Net Interest Income15.5M15.9M15.4M12.0M10.8M12.6M

Pioneer Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Pioneer Municipal's current stock value. Our valuation model uses many indicators to compare Pioneer Municipal value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Pioneer Municipal competition to find correlations between indicators driving Pioneer Municipal's intrinsic value. More Info.
Pioneer Municipal High is rated below average in return on equity category among its peers. It is regarded fifth in return on asset category among its peers . As of now, Pioneer Municipal's Return On Equity is decreasing as compared to previous years. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Pioneer Municipal's earnings, one of the primary drivers of an investment's value.

Pioneer Municipal High Systematic Risk

Pioneer Municipal's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Pioneer Municipal volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Pioneer Municipal High correlated with the market. If Beta is less than 0 Pioneer Municipal generally moves in the opposite direction as compared to the market. If Pioneer Municipal Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Pioneer Municipal High is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Pioneer Municipal is generally in the same direction as the market. If Beta > 1 Pioneer Municipal moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Pioneer Municipal Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Pioneer Municipal's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Pioneer Municipal growth as a starting point in their analysis.

Price Earnings To Growth Ratio

1.88

As of now, Pioneer Municipal's Price Earnings To Growth Ratio is increasing as compared to previous years.

Pioneer Municipal November 30, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Pioneer Municipal help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Pioneer Municipal High. We use our internally-developed statistical techniques to arrive at the intrinsic value of Pioneer Municipal High based on widely used predictive technical indicators. In general, we focus on analyzing Pioneer Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Pioneer Municipal's daily price indicators and compare them against related drivers.

Complementary Tools for Pioneer Stock analysis

When running Pioneer Municipal's price analysis, check to measure Pioneer Municipal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pioneer Municipal is operating at the current time. Most of Pioneer Municipal's value examination focuses on studying past and present price action to predict the probability of Pioneer Municipal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pioneer Municipal's price. Additionally, you may evaluate how the addition of Pioneer Municipal to your portfolios can decrease your overall portfolio volatility.
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