Pioneer Municipal Financials

MAV Stock  USD 8.67  0.03  0.35%   
Based on the analysis of Pioneer Municipal's profitability, liquidity, and operating efficiency, Pioneer Municipal High is doing better financially today then in previous quarter. It has a moderate probability of reporting better financial numbers in December. At this time, Pioneer Municipal's Other Current Assets are fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to climb to about 403.5 M in 2024, whereas Accounts Payable is likely to drop slightly above 704.3 K in 2024. Key indicators impacting Pioneer Municipal's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio7.0E-48.0E-4
Fairly Down
Slightly volatile
Operating Income16.9 M16.8 M
Slightly Up
Slightly volatile
Current Ratio4.694.9367
Notably Down
Very volatile
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

3.76 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.
Please note, the imprecision that can be found in Pioneer Municipal's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Pioneer Municipal High. Check Pioneer Municipal's Beneish M Score to see the likelihood of Pioneer Municipal's management manipulating its earnings.

Pioneer Municipal Stock Summary

Pioneer Municipal competes with New America, DWS Municipal, RiverNorth Specialty, Putnam Managed, and Western Asset. Pioneer Municipal High Income Advantage Fund, Inc. is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. Pioneer Municipal High Income Advantage Fund, Inc. was formed on August 6, 2003 and is domiciled in the United States. Pioneer Municipal is traded on New York Stock Exchange in the United States.
Specialization
Financial Services, Financial Services
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS7237621005
CUSIP723762100
Business Address60 State Street,
SectorCapital Markets
IndustryFinancials
BenchmarkDow Jones Industrial
Phone617 422 4700
CurrencyUSD - US Dollar

Pioneer Municipal Key Financial Ratios

Pioneer Municipal Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets441.8M471.6M439.4M365.6M271.1M345.2M
Net Tangible Assets279.2M281.4M290.6M257.0M231.3M261.8M
Retained Earnings(4.3M)4.9M(28.8M)(59.7M)(64.1M)(60.9M)
Other Assets178.0K85.2K9.5K137.0(33.8K)(32.1K)
Net Receivables5.3M5.2M5.3M5.2M3.4M6.1M
Total Liab160.4M181.0M182.4M1.0M1.0M993.5K
Other Current Liab146K1.0M1.4M215.4K304.4K418.4K
Total Current Assets17.6M5.2M6.2M6.4M5.2M8.1M

Pioneer Municipal Key Income Statement Accounts

The reason investors look at the income statement is to determine what Pioneer Municipal's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Total Revenue13.6M23.4M(20.3M)(20.1M)19.6M15.6M
Gross Profit13.6M17.8M17.0M17.6M4.6M4.3M
Operating Income16.1M14.4M13.3M14.6M16.8M16.9M
Ebit(7.4M)20.8M41.8M44.7M11.3M15.3M
Cost Of Revenue(5.6M)5.6M(37.4M)(37.6M)15.0M15.8M
Income Before Tax13.1M22.7M(21.3M)(20.7M)3.9M3.7M
Net Income13.1M22.7M(21.3M)(20.7M)3.9M3.8M
Income Tax Expense(7.2M)6.4M(36.2M)(40.1M)(167.9K)(176.3K)
Ebitda(7.2M)6.4M28.6M30.2M(5.5M)(5.2M)
Interest Income1.3M17.8M17.0M17.6M19.6M13.8M
Net Interest Income15.0M16.0M15.4M12.8M12.1M12.8M

Pioneer Municipal Key Cash Accounts

201920202021202220232024 (projected)
Net Income13.1M22.7M(21.3M)(20.7M)3.9M3.8M
Other Non Cash Items10.7M(42.3M)34.2M72.9M93.3M97.9M
End Period Cash Flow12.3M2.6M1.5M291.4K973.4K924.8K

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 rated below average in return on asset category among its peers reporting about  2.70  of Return On Asset per Return On Equity. At this time, Pioneer Municipal's Return On Equity is fairly stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Pioneer Municipal by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

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 twelve with a total number of output elements of fourty-nine. 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

(0.4)

At this time, Pioneer Municipal's Price Earnings To Growth Ratio is fairly stable compared to the past year.

Pioneer Municipal November 25, 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.

Additional 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.