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BlackRock MuniHoldings Quality Fund II (BlackRock MuniHoldings Quality Fund II) Piotroski F-Score

: 6 (As of Today)
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The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

BlackRock MuniHoldings Quality Fund II has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for BlackRock MuniHoldings Quality Fund II's Piotroski F-Score or its related term are showing as below:

MUE' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 6

During the past 8 years, the highest Piotroski F-Score of BlackRock MuniHoldings Quality Fund II was 7. The lowest was 4. And the median was 6.


BlackRock MuniHoldings Quality Fund II Piotroski F-Score Historical Data

The historical data trend for BlackRock MuniHoldings Quality Fund II's Piotroski F-Score 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 MuniHoldings Quality Fund II Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only 7.00 4.00 7.00 5.00 6.00

BlackRock MuniHoldings Quality Fund II Semi-Annual Data
Jul16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 5.00 - 6.00 -

Competitive Comparison

For the Asset Management subindustry, BlackRock MuniHoldings Quality Fund II's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 MuniHoldings Quality Fund II Piotroski F-Score Distribution

For the Asset Management industry and Financial Services sector, BlackRock MuniHoldings Quality Fund II's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where BlackRock MuniHoldings Quality Fund II's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* 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.

This Year (Jul23) TTM:Last Year (Jul22) TTM:
Net Income was $-6.01 Mil.
Cash Flow from Operations was $52.62 Mil.
Revenue was $-5.83 Mil.
Average Total Assets from the begining of this year (Jul22)
to the end of this year (Jul23) was (456.989 + 396.565) / 2 = $426.777 Mil.
Total Assets at the begining of this year (Jul22) was $456.99 Mil.
Long-Term Debt & Capital Lease Obligation was $0.06 Mil.
Total Assets was $396.57 Mil.
Total Liabilities was $142.31 Mil.
Net Income was $-39.71 Mil.

Revenue was $-39.58 Mil.
Average Total Assets from the begining of last year (Jul21)
to the end of last year (Jul22) was (519.207 + 456.989) / 2 = $488.098 Mil.
Total Assets at the begining of last year (Jul21) was $519.21 Mil.
Long-Term Debt & Capital Lease Obligation was $0.01 Mil.
Total Assets was $456.99 Mil.
Total Liabilities was $184.43 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

BlackRock MuniHoldings Quality Fund II's current Net Income (TTM) was -6.01. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

BlackRock MuniHoldings Quality Fund II's current Cash Flow from Operations (TTM) was 52.62. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jul22)
=-6.009/456.989
=-0.01314911

ROA (Last Year)=Net Income/Total Assets (Jul21)
=-39.707/519.207
=-0.07647624

BlackRock MuniHoldings Quality Fund II's return on assets of this year was -0.01314911. BlackRock MuniHoldings Quality Fund II's return on assets of last year was -0.07647624. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

BlackRock MuniHoldings Quality Fund II's current Net Income (TTM) was -6.01. BlackRock MuniHoldings Quality Fund II's current Cash Flow from Operations (TTM) was 52.62. ==> 52.62 > -6.01 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jul23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul22 to Jul23
=0.059/426.777
=0.00013825

Gearing (Last Year: Jul22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul21 to Jul22
=0.008/488.098
=1.639E-5

BlackRock MuniHoldings Quality Fund II's gearing of this year was 0.00013825. BlackRock MuniHoldings Quality Fund II's gearing of last year was 1.639E-5. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Jul23)=Total Assets/Total Liabilities
=396.565/142.311
=2.7866082

Current Ratio (Last Year: Jul22)=Total Assets/Total Liabilities
=456.989/184.425
=2.47791243

BlackRock MuniHoldings Quality Fund II's current ratio of this year was 2.7866082. BlackRock MuniHoldings Quality Fund II's current ratio of last year was 2.47791243. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

BlackRock MuniHoldings Quality Fund II's number of shares in issue this year was 24.037. BlackRock MuniHoldings Quality Fund II's number of shares in issue last year was 22.561. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=-6.009/-5.829
=1.03088008

Net Margin (Last Year: TTM)=Net Income/Revenue
=-39.707/-39.577
=1.00328474

BlackRock MuniHoldings Quality Fund II's net margin of this year was 1.03088008. BlackRock MuniHoldings Quality Fund II's net margin of last year was 1.00328474. ==> This year's net margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jul22)
=-5.829/456.989
=-0.01275523

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul21)
=-39.577/519.207
=-0.07622586

BlackRock MuniHoldings Quality Fund II's asset turnover of this year was -0.01275523. BlackRock MuniHoldings Quality Fund II's asset turnover of last year was -0.07622586. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+1+1+0+1+0+1+1
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

BlackRock MuniHoldings Quality Fund II has an F-score of 6 indicating the company's financial situation is typical for a stable company.

BlackRock MuniHoldings Quality Fund II  (NYSE:MUE) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


BlackRock MuniHoldings Quality Fund II Piotroski F-Score Related Terms

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BlackRock MuniHoldings Quality Fund II (BlackRock MuniHoldings Quality Fund II) Business Description

Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
BlackRock MuniHoldings Quality Fund II Inc is a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of current income and capital appreciation. The fund seeks to achieve its investment objective by investing primarily in long-term, investment-grade municipal obligations exempt from U.S. federal income taxes.
Executives
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
Kristi Manidis Santiago other: Portfolio Manager 1 UNIVERSITY SQUARE DRIVE, PRINCETON NJ 08540
Kevin Maloney other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Walter Oconnor other: Portfolio Manager 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Michael Kalinoski other: Portfolio Manager 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Lorenzo Flores director 2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Trent Walker officer: Chief Financial Officer C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Phillip Soccio other: Portfolio Manager 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Jaeckel Theodore R Jr other: Portfolio Manager 800SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Christian Romaglino other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Henry Gabbay director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert W Fairbairn director 55 EAST 52ND STREET, NEW YORK NY 10055

BlackRock MuniHoldings Quality Fund II (BlackRock MuniHoldings Quality Fund II) Headlines