MFS Municipal Income Trust (MFM) - Net Assets
Based on the latest financial reports, MFS Municipal Income Trust (MFM) has net assets worth $248.09 Million USD as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($362.51 Million) and total liabilities ($114.42 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read MFM total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $248.09 Million |
| % of Total Assets | 68.44% |
| Annual Growth Rate | -3.23% |
| 5-Year Change | -18.28% |
| 10-Year Change | -20.01% |
| Growth Volatility | 10.38 |
MFS Municipal Income Trust - Net Assets Trend (2006–2025)
This chart illustrates how MFS Municipal Income Trust's net assets have evolved over time, based on quarterly financial data. Also explore MFS Municipal Income Trust (MFM) total assets for the complete picture of this company's asset base.
Annual Net Assets for MFS Municipal Income Trust (2006–2025)
The table below shows the annual net assets of MFS Municipal Income Trust from 2006 to 2025. For live valuation and market cap data, see MFM stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | $248.09 Million | -2.17% |
| 2024-10-31 | $253.58 Million | +16.97% |
| 2023-10-31 | $216.79 Million | -3.44% |
| 2022-10-31 | $224.50 Million | -26.05% |
| 2021-10-31 | $303.60 Million | +3.95% |
| 2020-10-31 | $292.05 Million | -4.76% |
| 2019-10-31 | $306.65 Million | +5.31% |
| 2018-10-31 | $291.19 Million | -3.92% |
| 2017-10-31 | $303.08 Million | -2.28% |
| 2016-10-31 | $310.15 Million | +0.04% |
| 2015-10-31 | $310.01 Million | +0.12% |
| 2014-10-31 | $309.64 Million | +9.33% |
| 2013-10-31 | $283.23 Million | -10.17% |
| 2012-10-31 | $315.29 Million | -8.40% |
| 2008-10-31 | $344.19 Million | -23.46% |
| 2007-10-31 | $449.69 Million | -2.91% |
| 2006-10-31 | $463.18 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MFS Municipal Income Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 462.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $280.19 Million | 112.94% |
| Total Equity | $248.09 Million | 100.00% |
MFS Municipal Income Trust Competitors by Market Cap
The table below lists competitors of MFS Municipal Income Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pact Group Holdings Ltd
AU:PGH
|
$221.68 Million |
|
Alx Oncology Holdings
NASDAQ:ALXO
|
$221.72 Million |
|
technotrans SE
F:TTR1
|
$221.74 Million |
|
Kolmar BNH Co. Ltd
KQ:200130
|
$221.86 Million |
|
Shanghai Supezet Engineering Technology Corp Ltd
SHG:688121
|
$221.52 Million |
|
Laboratorio Reig Jofre S.A
MC:RJF
|
$221.39 Million |
|
Telecomunicações Brasileiras S.A. - TELEBRÁS
SA:TELB3
|
$221.39 Million |
|
Security National Financial
NASDAQ:SNFCA
|
$221.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MFS Municipal Income Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 253,584,213 to 248,088,365, a change of -5,495,848 (-2.2%).
- Net income of 5,666,000 contributed positively to equity growth.
- Dividend payments of 11,160,515 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.67 Million | +2.28% |
| Dividends Paid | $11.16 Million | -4.5% |
| Other Changes | $-1.33K | -0.0% |
| Total Change | $- | -2.17% |
Book Value vs Market Value Analysis
This analysis compares MFS Municipal Income Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.70x to 0.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-10-31 | $7.67 | $5.38 | x |
| 2013-10-31 | $6.88 | $5.38 | x |
| 2014-10-31 | $7.52 | $5.38 | x |
| 2015-10-31 | $7.53 | $5.38 | x |
| 2016-10-31 | $7.53 | $5.38 | x |
| 2017-10-31 | $7.25 | $5.38 | x |
| 2018-10-31 | $7.20 | $5.38 | x |
| 2019-10-31 | $7.45 | $5.38 | x |
| 2020-10-31 | $7.09 | $5.38 | x |
| 2021-10-31 | $7.37 | $5.38 | x |
| 2022-10-31 | $5.45 | $5.38 | x |
| 2023-10-31 | $5.26 | $5.38 | x |
| 2024-10-31 | $6.19 | $5.38 | x |
| 2025-10-31 | $6.02 | $5.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MFS Municipal Income Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 41.64%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.46x
- Recent ROE (2.28%) is below the historical average (2.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 5.44% | 73.24% | 0.07x | 1.01x | $-21.13 Million |
| 2007 | 1.99% | 31.20% | 0.06x | 1.03x | $-36.04 Million |
| 2008 | -16.43% | -211.80% | 0.08x | 1.03x | $-90.97 Million |
| 2012 | 15.98% | 213.76% | 0.05x | 1.40x | $18.87 Million |
| 2013 | -5.09% | -62.57% | 0.06x | 1.44x | $-42.73 Million |
| 2014 | 13.95% | 197.58% | 0.05x | 1.41x | $12.24 Million |
| 2015 | 5.34% | 74.47% | 0.05x | 1.37x | $-14.45 Million |
| 2016 | 7.45% | 104.83% | 0.05x | 1.40x | $-7.91 Million |
| 2017 | 2.89% | 96.48% | 0.02x | 1.41x | $-21.53 Million |
| 2018 | 1.11% | 93.49% | 0.01x | 1.42x | $-25.89 Million |
| 2019 | 9.58% | 99.12% | 0.07x | 1.40x | $-1.29 Million |
| 2020 | -0.54% | 0.00% | 0.00x | 1.39x | $-30.79 Million |
| 2021 | 7.95% | 98.36% | 0.06x | 1.39x | $-6.21 Million |
| 2022 | -30.41% | 0.00% | -0.20x | 1.52x | $-90.71 Million |
| 2023 | 0.54% | 89.35% | 0.00x | 1.55x | $-20.52 Million |
| 2024 | 18.43% | 99.69% | 0.13x | 1.46x | $21.37 Million |
| 2025 | 2.28% | 41.64% | 0.04x | 1.46x | $-19.14 Million |
Industry Comparison
This section compares MFS Municipal Income Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,222,611,667
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MFS Municipal Income Trust (MFM) | $248.09 Million | 5.44% | 0.46x | $221.59 Million |
| Acadian Asset Management Inc (AAMI) | $84.00 Million | 95.24% | 7.06x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $79.50 Million | 27.37% | 0.59x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $962.54 Million | 12.37% | 1.41x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $6.55 Billion | 54.41% | 28.15x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $611.58 Million | 16.58% | 4.02x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $132.30 Million | 18.75% | 3.39x | $2.65 Billion |
About MFS Municipal Income Trust
MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. MFS Municipal Income Trust was founded in Nove… Read more