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Upturn AI SWOT - About
Eaton Vance California MIT (CEV)
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Upturn Advisory Summary
06/30/2025: CEV (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.
Number of Analysts
Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $
1 Year Target Price $
| 0 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -2.17% | Avg. Invested days 49 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 68.16M USD | Price to earnings Ratio 12.58 | 1Y Target Price - |
Price to earnings Ratio 12.58 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.55 | 52 Weeks Range 9.21 - 10.70 | Updated Date 06/29/2025 |
52 Weeks Range 9.21 - 10.70 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 6.19% | Basic EPS (TTM) 0.77 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 112.18% | Operating Margin (TTM) 81.72% |
Management Effectiveness
Return on Assets (TTM) 2.23% | Return on Equity (TTM) 6.66% |
Valuation
Trailing PE 12.58 | Forward PE - | Enterprise Value 94467288 | Price to Sales(TTM) 13.96 |
Enterprise Value 94467288 | Price to Sales(TTM) 13.96 | ||
Enterprise Value to Revenue 15.98 | Enterprise Value to EBITDA - | Shares Outstanding 7033580 | Shares Floating - |
Shares Outstanding 7033580 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 27.11 |
Analyst Ratings
Rating 3 | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Eaton Vance California MIT
Company Overview
History and Background
Eaton Vance California Municipal Income Trust (EVM) is a closed-end management investment company. It was formed to seek high current income, exempt from federal income tax and California state personal income tax, consistent with the preservation of capital. EVM invests primarily in California municipal securities.
Core Business Areas
- Municipal Bond Investments: Invests primarily in California municipal securities exempt from federal and California state income taxes.
Leadership and Structure
EVM is managed by Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management. The fund operates under a board of trustees responsible for overseeing fund operations.
Top Products and Market Share
Key Offerings
- California Municipal Income Fund: EVM offers a fund investing in California municipal bonds. The fund's market share is difficult to quantify directly, as it competes with numerous other municipal bond funds and individual bond holdings. Competitors include other closed-end municipal bond funds from firms such as BlackRock and Nuveen.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit quality, and tax policy. Demand for California municipal bonds is driven by the state's high income tax rates and investors seeking tax-exempt income.
Positioning
EVM is positioned as a provider of tax-exempt income to California residents. Its competitive advantage lies in its expertise in managing California municipal bonds.
Total Addressable Market (TAM)
The TAM is the total value of the California municipal bond market, estimated to be in the hundreds of billions of dollars. EVM's position represents a small portion of this overall market.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Focus on California municipal bonds
- Tax-exempt income for California residents
Weaknesses
- Interest rate sensitivity
- Credit risk of municipal bonds
- Fund size limitations
Opportunities
- Increased demand for tax-exempt income
- Growing California economy
- Expansion into related investment products
Threats
- Rising interest rates
- Changes in tax laws
- Credit downgrades of municipal bonds
Competitors and Market Share
Key Competitors
- Nuveen CA Quality Municipal Fund (NAC)
- BlackRock CA Municipal Income Trust (BFC)
Competitive Landscape
EVM competes with other closed-end municipal bond funds. Competitive advantages include management expertise and fund performance.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is tied to performance of the California municipal bond market and fund management expertise.
Future Projections: Future growth depends on interest rate trends, credit quality of municipal bonds, and investor demand for tax-exempt income. Analyst estimates are subject to change.
Recent Initiatives: Recent initiatives involve managing the fund's portfolio to optimize risk-adjusted returns.
Summary
Eaton Vance California MIT aims to provide tax-exempt income to California residents through investments in municipal bonds. The fund's success depends on the performance of the California municipal bond market and the expertise of its management team. Rising interest rates and changes in tax laws pose potential challenges. The fund needs to carefully manage credit risk and adapt to market conditions to maintain its competitive position.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Eaton Vance Fund Factsheet
- Fund Prospectus
- Third-party financial data providers
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation 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 MIT
Exchange NYSE MKT | Headquaters Boston, MA, United States | ||
IPO Launch date 1999-01-26 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors. Eaton Vance California Municipal Income Trust was formed in 1999 and is domiciled in United States.
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