GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MFS Municipal Income Trust (NYSE:MFM) » Definitions » Net Cash per Share

MFS Municipalome Trust (MFS Municipalome Trust) Net Cash per Share

: $-2.91 (As of Oct. 2023)
View and export this data going back to . Start your Free Trial

Net Cash per Share is calculated as Balance Sheet Cash And Cash Equivalents plus Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). MFS Municipalome Trust's Net Cash per Share for the quarter that ended in Oct. 2023 was $-2.91.

The historical rank and industry rank for MFS Municipalome Trust's Net Cash per Share or its related term are showing as below:

MFM's Price-to-Net-Cash is not ranked *
in the Asset Management industry.
Industry Median: 6.71
* Ranked among companies with meaningful Price-to-Net-Cash only.

MFS Municipalome Trust Net Cash per Share Historical Data

The historical data trend for MFS Municipalome Trust's Net Cash 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.

MFS Municipalome Trust Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Net Cash per Share
Premium Member Only Premium Member Only -2.95 -2.80 -2.91 -2.82 -2.91

MFS Municipalome Trust Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Net Cash per Share Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.91 -2.83 -2.82 -2.83 -2.91

Competitive Comparison

For the Asset Management subindustry, MFS Municipalome Trust's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.


MFS Municipalome Trust Price-to-Net-Cash Distribution

For the Asset Management industry and Financial Services sector, MFS Municipalome Trust's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where MFS Municipalome Trust's Price-to-Net-Cash falls into.



MFS Municipalome Trust Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

MFS Municipalome Trust's Net Cash per Share for the fiscal year that ended in Oct. 2023 is calculated as

Net Cash per Share (A: Oct. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.003+0-119.791-0)/41.1876
=-2.91

MFS Municipalome Trust's Net Cash per Share for the quarter that ended in Oct. 2023 is calculated as

Net Cash per Share (Q: Oct. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.003+0-119.791-0)/41.1876
=-2.91

* 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.


MFS Municipalome Trust  (NYSE:MFM) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


MFS Municipalome Trust Net Cash per Share Related Terms

Thank you for viewing the detailed overview of MFS Municipalome Trust's Net Cash per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


MFS Municipalome Trust (MFS Municipalome Trust) Business Description

Traded in Other Exchanges
N/A
Address
111 Huntington Avenue, Boston, MA, USA, 02199
MFS Municipal Income Trust is a diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The fund invests a majority of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds.
Executives
Linda Dougherty other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
Rosa Licea-mailloux other: CHIEF COMPLIANCE OFFICER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Michael L Dawson other: PORTFOLIO MANAGER 500 BOYLSTON STREET, BOSTON MA 02116
Robert J Manning director 1201 THIRD AVE, STE 4900, SEATTLE WA 98101
Jpmorgan Chase Bank, N.a. 10 percent owner 1111 POLARIS PARKWAY, COLUMBUS OH 43240
Manjit Singh director 111 HUNTINGTON AVENUE, BOSTON MA 02072
Jason Kosty other: PORTFOLIO MANAGER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Jacques Jr Goulet other: ADVISOR TO OFFICER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Melissa Kennedy other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
James W. Kilman director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Edward M. Maloney officer: Officer of Advisor 111 HUNTINGTON AVENUE, BOSTON MA 02199
Peter Darrell Jones director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Carol W. Geremia officer: PRESIDENT 111 HUNTINGTON AVENUE, BOSTON MA 02199
Kevin D Strain other: Officer of Advisor MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 02199
Clarence Jr Otis director 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036

MFS Municipalome Trust (MFS Municipalome Trust) Headlines

From GuruFocus

MFS Municipal Income Trust's Dividend Analysis

By GuruFocus Research 10-16-2023