Pioneer Municipal High Income Opportunities Fund Inc
Pioneer Municipal High Income Opportunities Fund Inc operates in various business sectors.
Pioneer Municipal High Income Opportunities Fund Inc (MIO) - Net Assets
Latest net assets as of April 2025: $208.03 Million USD
Based on the latest financial reports, Pioneer Municipal High Income Opportunities Fund Inc (MIO) has net assets worth $208.03 Million USD as of April 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($236.25 Million) and total liabilities ($28.22 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $208.03 Million |
| % of Total Assets | 88.05% |
| Annual Growth Rate | -5.41% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 6.58 |
Pioneer Municipal High Income Opportunities Fund Inc - Net Assets Trend (2022–2025)
This chart illustrates how Pioneer Municipal High Income Opportunities Fund Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pioneer Municipal High Income Opportunities Fund Inc (2022–2025)
The table below shows the annual net assets of Pioneer Municipal High Income Opportunities Fund Inc from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | $208.03 Million | -1.57% |
| 2024-04-30 | $211.34 Million | +0.45% |
| 2023-04-30 | $210.39 Million | -14.41% |
| 2022-04-30 | $245.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pioneer Municipal High Income Opportunities Fund Inc'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 3321337100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $331.81 Million | 159.50% |
| Total Equity | $208.03 Million | 100.00% |
Pioneer Municipal High Income Opportunities Fund Inc Competitors by Market Cap
The table below lists competitors of Pioneer Municipal High Income Opportunities Fund Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
STORA ENSO -R-
BE:ENUR
|
$107.58K |
|
African Agriculture Holdings Inc
NASDAQ:AAGRW
|
$107.62K |
|
FRBP
PINK:FRBP
|
$107.68K |
|
Centrais Electricas Brasileiras S.A.- Eletrobr?!s American Depositary Shares (Each representing one Preferred Share)
NYSE:EBRB
|
$107.72K |
|
BEPP39
SA:BEPP39
|
$107.40K |
|
Haemato AG
HM:HAEK
|
$107.32K |
|
Baltic Classifieds Group PLC
LSE:BCG
|
$107.21K |
|
NORTHLAND PWR
BE:1NR
|
$107.21K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pioneer Municipal High Income Opportunities Fund Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 211,339,690 to 208,031,379, a change of -3,308,311 (-1.6%).
- Net income of 6,822,853 contributed positively to equity growth.
- Dividend payments of 10,131,164 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.82 Million | +3.28% |
| Dividends Paid | $10.13 Million | -4.87% |
| Total Change | $- | -1.57% |
Book Value vs Market Value Analysis
This analysis compares Pioneer Municipal High Income Opportunities Fund Inc'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: 0.92x
- 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 0.78x to 0.92x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-04-30 | $14.56 | $11.39 | x |
| 2023-04-30 | $12.48 | $11.39 | x |
| 2024-04-30 | $12.53 | $11.39 | x |
| 2025-04-30 | $12.32 | $11.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pioneer Municipal High Income Opportunities Fund Inc 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): 3.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 77.20%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.14x
- Recent ROE (3.28%) is above the historical average (-1.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | -11.38% | 0.00% | -0.08x | 1.46x | $-44.98 Million |
| 2024 | 4.63% | 96.72% | 0.04x | 1.16x | $-11.35 Million |
| 2025 | 3.28% | 77.20% | 0.04x | 1.14x | $-13.98 Million |
Industry Comparison
This section compares Pioneer Municipal High Income Opportunities Fund Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pioneer Municipal High Income Opportunities Fund Inc (MIO) | $208.03 Million | -11.38% | 0.14x | $107.47K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |