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Upturn AI SWOT - About
EVM 
Eaton Vance California MBF (EVM)
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Upturn Advisory Summary
04/08/2025: EVM (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit 0.39% | Avg. Invested days 51 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/08/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 231.80M USD | Price to earnings Ratio 28.47 | 1Y Target Price - |
Price to earnings Ratio 28.47 | 1Y Target Price - | ||
Volume (30-day avg) 72873 | Beta 0.51 | 52 Weeks Range 8.66 - 9.64 | Updated Date 04/8/2025 |
52 Weeks Range 8.66 - 9.64 | Updated Date 04/8/2025 | ||
Dividends yield (FY) 5.33% | Basic EPS (TTM) 0.33 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 54.42% | Operating Margin (TTM) 83.1% |
Management Effectiveness
Return on Assets (TTM) 2.1% | Return on Equity (TTM) 3.2% |
Valuation
Trailing PE 28.47 | Forward PE - | Enterprise Value 333955488 | Price to Sales(TTM) 16 |
Enterprise Value 333955488 | Price to Sales(TTM) 16 | ||
Enterprise Value to Revenue 16.8 | Enterprise Value to EBITDA - | Shares Outstanding 24672900 | Shares Floating - |
Shares Outstanding 24672900 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 46.29 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Eaton Vance California MBF
Company Overview
History and Background
Eaton Vance California Municipal Bond Fund (EVM) is a closed-end management investment company. It was formed to provide current income exempt from federal and California state income taxes. Eaton Vance is now part of Morgan Stanley Investment Management.
Core Business Areas
- Municipal Bond Investments: EVM invests primarily in California municipal bonds to generate tax-exempt income for its shareholders.
Leadership and Structure
As a closed-end fund, EVM is managed by a portfolio management team at Eaton Vance, a division of Morgan Stanley Investment Management.
Top Products and Market Share
Key Offerings
- California Municipal Bond Portfolio: EVM offers investors a diversified portfolio of California municipal bonds. It does not have a direct market share in the same way as a company that sells goods or services. The fund competes with other municipal bond funds and investment options. Competitors include Nuveen, BlackRock, and Franklin Templeton municipal bond funds.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit quality of issuers, and tax policies. Demand for municipal bonds, especially those offering state tax exemptions, is driven by high-income individuals in those states.
Positioning
EVM is positioned as a provider of tax-exempt income for California residents. Its competitive advantage lies in its focus on California municipal bonds.
Total Addressable Market (TAM)
The TAM for municipal bonds is in the trillions of dollars. EVM is a small portion of this overall market, focusing specifically on California.
Upturn SWOT Analysis
Strengths
- Tax-exempt income for California residents
- Experienced portfolio management team
- Diversified portfolio of California municipal bonds
Weaknesses
- Sensitivity to interest rate changes
- Credit risk of municipal bond issuers
- Closed-end fund structure can lead to trading at a discount to NAV
Opportunities
- Increased demand for tax-exempt income in a high-tax environment
- Potential for capital appreciation from improving credit quality of issuers
- Expansion of investment strategies to include other types of municipal bonds
Threats
- Rising interest rates
- Deterioration of credit quality of municipal bond issuers
- Changes in tax laws that reduce the attractiveness of municipal bonds
Competitors and Market Share
Key Competitors
- Nuveen CA Municipal Value Fund (NCA)
- BlackRock CA Municipal Income Trust (BZN)
- Franklin CA Tax-Free Trust (FCT)
Competitive Landscape
EVM competes with other California municipal bond funds based on factors such as distribution rate, expense ratio, and investment strategy.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth is limited as EVM is a closed-end fund focused on income generation rather than capital appreciation.
Future Projections: Future projections depend on interest rate trends and the creditworthiness of California municipal bond issuers. Analyst estimates are not typically available for individual closed-end funds.
Recent Initiatives: Recent initiatives may include adjustments to the fund's portfolio composition to manage interest rate risk or enhance income generation.
Summary
Eaton Vance California MBF (EVM) is a closed-end fund designed to provide tax-exempt income to California residents, making it attractive for those seeking income within the state. While its focused strategy offers distinct advantages, it also makes the fund particularly sensitive to changes in California's municipal bond market and interest rates. EVM's strength lies in its established presence and focused investment strategy, but it faces ongoing challenges from market volatility and competition. Investors should consider these factors when evaluating EVM's long-term potential.
Similar Companies
Sources and Disclaimers
Data Sources:
- Eaton Vance/Morgan Stanley Investment Management website
- Financial websites (e.g., Bloomberg, Yahoo Finance)
- SEC filings
Disclaimers:
This analysis is based on publicly available information and does not constitute financial advice. Investment decisions should be made after consulting with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Eaton Vance California MBF
Exchange NYSE MKT | Headquaters Boston, MA, United States | ||
IPO Launch date 2002-08-28 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Eaton Vance California Municipal Bond Fund is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income market of United States. It invests primarily in high grade municipal obligations comprising of various industries, such as general obligations, hospital, electric utilities, transportation, water and sewer, public education, and private education. The fund was formerly known as Eaton Vance Insured California Municipal Bond Fund. Eaton Vance California Municipal Bond Fund was formed in 2002 and is domiciled in United States.
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