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Blackrock Muniyield Pennsylvania Quality Fund (Blackrock Muniyield Pennsylvania Quality Fund) Free Cash Flow per Share : $1.05 (TTM As of Jan. 2024)


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What is Blackrock Muniyield Pennsylvania Quality Fund Free Cash Flow per Share?

Blackrock Muniyield Pennsylvania Quality Fund's Free Cash Flow per Share for the six months ended in Jan. 2024 was $0.79. Its Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jan. 2024 was $1.05.

During the past 12 months, the average Free Cash Flow per Share Growth Rate of Blackrock Muniyield Pennsylvania Quality Fund was -60.00% per year. During the past 3 years, the average Free Cash Flow per Share Growth Rate was 77.90% per year. During the past 5 years, the average Free Cash Flow per Share Growth Rate was 26.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the FCF Growth Rate using Free Cash Flow per Share data.

The historical rank and industry rank for Blackrock Muniyield Pennsylvania Quality Fund's Free Cash Flow per Share or its related term are showing as below:

MPA' s 3-Year FCF Growth Rate Range Over the Past 10 Years
Min: -9.5   Med: 36.05   Max: 77.9
Current: 77.9

During the past 7 years, Blackrock Muniyield Pennsylvania Quality Fund's highest 3-Year average Free Cash Flow per Share Growth Rate was 77.90% per year. The lowest was -9.50% per year. And the median was 36.05% per year.

MPA's 3-Year FCF Growth Rate is ranked better than
93.79% of 1046 companies
in the Asset Management industry
Industry Median: 4.85 vs MPA: 77.90

Blackrock Muniyield Pennsylvania Quality Fund Free Cash Flow per Share Historical Data

The historical data trend for Blackrock Muniyield Pennsylvania Quality Fund's Free Cash Flow per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Blackrock Muniyield Pennsylvania Quality Fund Free Cash Flow per Share Chart

Blackrock Muniyield Pennsylvania Quality Fund Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Free Cash Flow per Share
Get a 7-Day Free Trial 1.09 0.45 1.48 0.80 2.53

Blackrock Muniyield Pennsylvania Quality Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Free Cash Flow per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.36 2.28 0.27 0.79

Competitive Comparison of Blackrock Muniyield Pennsylvania Quality Fund's Free Cash Flow per Share

For the Asset Management subindustry, Blackrock Muniyield Pennsylvania Quality Fund's Price-to-Free-Cash-Flow, along with its competitors' market caps and Price-to-Free-Cash-Flow data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Blackrock Muniyield Pennsylvania Quality Fund's Price-to-Free-Cash-Flow Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackrock Muniyield Pennsylvania Quality Fund's Price-to-Free-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Blackrock Muniyield Pennsylvania Quality Fund's Price-to-Free-Cash-Flow falls into.



Blackrock Muniyield Pennsylvania Quality Fund Free Cash Flow per Share Calculation

Free Cashflow per Share is the amount of Free Cashflow per outstanding share of the company's stock.

Free Cash Flow is considered one of the most important parameters to measure a company's earnings power by value investors because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA). However, when we look at the Free Cash Flow, we should look from a long term perspective, because any year's Free Cash Flow can be drastically affected by the spending on Property, Plant, & Equipment (PPE) of the business in that year. Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company.

Note: GuruFocus does not calculate Free Cash Flow Per Share when Capital Expenditure is 0.

Blackrock Muniyield Pennsylvania Quality Fund's Free Cash Flow Per Share for the fiscal year that ended in Jul. 2023 is calculated as

Free Cash Flow Per Share(A: Jul. 2023 )
=(Cash Flow from Operations+Capital Expenditure)/Shares Outstanding (Diluted Average)
=(37.781+0)/14.952
=/14.952
=0.00

Blackrock Muniyield Pennsylvania Quality Fund's Free Cash Flow Per Share for the quarter that ended in Jan. 2024 is calculated as

Free Cash Flow Per Share(Q: Jan. 2024 )
=(Cash Flow from Operations+Capital Expenditure)/Shares Outstanding (Diluted Average)
=(9.758+0)/12.423
=/12.423
=0.00

Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jan. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1.05

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Blackrock Muniyield Pennsylvania Quality Fund  (NYSE:MPA) Free Cash Flow per Share Explanation

Free Cash Flow is very close to Warren Buffett's definition of Owner's Earnings, except that in Warren Buffett's Owner's Earnings, the spending for Property, Plant, and Equipment is only for maintenance (replacement), while in the Free Cash Flow calculation, the cost of new Property, Plant, and Equipment due to business expansion is also deducted. There, Free Cash Flow is more conservative than Owner's Earnings.

In Don Yacktman's calculation of forward rate of return, he uses Free Cash Flow for the calculation. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation.

This is what Yacktman said in his March 2012 interview - when the S&P 500 was at 1400:

If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.

The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).

For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over seven years. The reason we use seven years is because research shows that seven years is the length of the typical business cycle.

Therefore, as of Jul23, Blackrock Muniyield Pennsylvania Quality Fund's Forward Rate of Return (Yacktman) % is

Forward Rate of Return (Yacktman) % (Jul23)=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=0/11.69+0
=0.00 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Free Cash Flow within a report period can be affected by management's decisions of capital spending. Therefore, it is important to look at long term when it comes to Free Cash Flow.


Blackrock Muniyield Pennsylvania Quality Fund Free Cash Flow per Share Related Terms

Thank you for viewing the detailed overview of Blackrock Muniyield Pennsylvania Quality Fund's Free Cash Flow per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Blackrock Muniyield Pennsylvania Quality Fund (Blackrock Muniyield Pennsylvania Quality Fund) Business Description

Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
Blackrock Muniyield Pennsylvania Quality Fund is a closed-end fund with investment objective is to provide shareholders with current income exempt from U.S. federal and Pennsylvania income taxes.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Arthur Philip Steinmetz director 50 HUDSON YARDS, NEW YORK NY 10001
Aaron David Wasserman officer: Chief Compliance Officer 50 HUDSON YARDS, NEW YORK NY 10001
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Kevin Maloney other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Kristi Manidis Santiago other: Portfolio Manager 1 UNIVERSITY SQUARE DRIVE, PRINCETON NJ 08540
Walter Oconnor other: Portfolio Manager 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Michael Kalinoski other: Portfolio Manager 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Christian Romaglino other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Toronto Dominion Investments, Inc. 10 percent owner 909 FANIN, SUITE 1950, HOUSTON TX 77010
Td Group Us Holdings Llc 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Dominion Bank Toronto 10 percent owner 66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Td Securities (usa) Llc 10 percent owner ONE VANDERBILT AVENUE, NEW YORK NY 10017
Toronto Dominion Holdings Usa Inc 10 percent owner 40 WALL STREET, NEW YORK NY 10003
Lorenzo Flores director 2100 LOGIC DRIVE, SAN JOSE CA 95124