Bny Mellon Municipal Income Inc
BNY Mellon Municipal Income, Inc. is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations that are rated investment grade and have maturities of less than one year. It employs fundamental analysis to create its portfolio. The fund was form… Read more
Bny Mellon Municipal Income Inc (DMF) - Net Assets
Latest net assets as of September 2024: $163.18 Million USD
Based on the latest financial reports, Bny Mellon Municipal Income Inc (DMF) has net assets worth $163.18 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($245.09 Million) and total liabilities ($81.91 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 | $163.18 Million |
| % of Total Assets | 66.58% |
| Annual Growth Rate | -0.23% |
| 5-Year Change | -13.06% |
| 10-Year Change | -34.13% |
| Growth Volatility | 11.71 |
Bny Mellon Municipal Income Inc - Net Assets Trend (1989–2024)
This chart illustrates how Bny Mellon Municipal Income 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 Bny Mellon Municipal Income Inc (1989–2024)
The table below shows the annual net assets of Bny Mellon Municipal Income Inc from 1989 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $163.18 Million | +15.20% |
| 2023-09-30 | $141.65 Million | -1.60% |
| 2022-09-30 | $143.95 Million | -25.33% |
| 2021-09-30 | $192.79 Million | +2.71% |
| 2020-09-30 | $187.70 Million | -16.33% |
| 2019-09-30 | $224.34 Million | +4.44% |
| 2018-09-30 | $214.81 Million | -11.99% |
| 2017-09-30 | $244.06 Million | -3.94% |
| 2016-09-30 | $254.07 Million | +2.56% |
| 2015-09-30 | $247.73 Million | -1.15% |
| 2014-09-30 | $250.60 Million | -0.08% |
| 2013-09-30 | $250.81 Million | +16.24% |
| 2012-09-30 | $215.76 Million | +10.77% |
| 2011-09-30 | $194.78 Million | -2.22% |
| 2010-09-30 | $199.20 Million | +3.20% |
| 2009-09-30 | $193.03 Million | -29.47% |
| 2008-09-30 | $273.70 Million | -6.40% |
| 2007-09-30 | $292.40 Million | -2.14% |
| 2006-09-30 | $298.80 Million | -0.20% |
| 2005-09-30 | $299.40 Million | +1.35% |
| 2004-09-30 | $295.40 Million | +0.34% |
| 2003-09-30 | $294.40 Million | -1.67% |
| 2002-09-30 | $299.40 Million | +0.81% |
| 2001-09-30 | $297.00 Million | +6.15% |
| 2000-09-30 | $279.80 Million | -0.53% |
| 1999-09-30 | $281.30 Million | +42.43% |
| 1998-09-30 | $197.50 Million | +2.01% |
| 1997-09-30 | $193.60 Million | +0.21% |
| 1996-09-30 | $193.20 Million | +2.38% |
| 1994-09-30 | $188.70 Million | -8.84% |
| 1993-09-30 | $207.00 Million | +5.61% |
| 1992-09-30 | $196.00 Million | +4.03% |
| 1991-09-30 | $188.40 Million | +6.80% |
| 1990-09-30 | $176.40 Million | -0.17% |
| 1989-09-30 | $176.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bny Mellon Municipal Income 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 820.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $20.76K | 0.01% |
| Other Components | $179.01 Million | 109.70% |
| Total Equity | $163.18 Million | 100.00% |
Bny Mellon Municipal Income Inc Competitors by Market Cap
The table below lists competitors of Bny Mellon Municipal Income Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aspo PLC
BE:ZYD
|
$63.28K |
|
BAADER BANK - Dusseldorf Stock Exchang
DU:BWB
|
$63.32K |
|
Waraba Gold Limited
PINK:WARAF
|
$63.39K |
|
HBX Group International plc
MC:HBX
|
$63.39K |
|
SOL STRATEGIES INC. O.N.
F:1X00
|
$63.26K |
|
MAK Acquisition Corp.
TO:MAK-V
|
$63.25K |
|
Mayfair Acquisition Corporation
V:MFA-P
|
$63.25K |
|
Sazgar Engineering Works Ltd
KAR:SAZEW
|
$63.25K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bny Mellon Municipal Income Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 141,654,189 to 163,181,544, a change of 21,527,355 (15.2%).
- Net income of 25,595,779 contributed positively to equity growth.
- Dividend payments of 3,985,261 reduced retained earnings.
- Other comprehensive income increased equity by 30,225,000.
- Other factors decreased equity by 30,308,163.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $25.60 Million | +15.69% |
| Dividends Paid | $3.99 Million | -2.44% |
| Other Comprehensive Income | $30.23 Million | +18.52% |
| Other Changes | $-30.31 Million | -18.57% |
| Total Change | $- | 15.20% |
Book Value vs Market Value Analysis
This analysis compares Bny Mellon Municipal Income 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: 0.88x
- 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 0.73x to 0.88x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-09-30 | $9.52 | $6.93 | x |
| 1990-09-30 | $9.34 | $6.93 | x |
| 1991-09-30 | $9.83 | $6.93 | x |
| 1992-09-30 | $10.06 | $6.93 | x |
| 1993-09-30 | $10.45 | $6.93 | x |
| 1994-09-30 | $9.41 | $6.93 | x |
| 1996-09-30 | $9.49 | $6.93 | x |
| 1997-09-30 | $9.55 | $6.93 | x |
| 1998-09-30 | $9.71 | $6.93 | x |
| 1999-09-30 | $13.80 | $6.93 | x |
| 2000-09-30 | $13.73 | $6.93 | x |
| 2001-09-30 | $14.57 | $6.93 | x |
| 2002-09-30 | $14.69 | $6.93 | x |
| 2003-09-30 | $14.40 | $6.93 | x |
| 2004-09-30 | $14.37 | $6.93 | x |
| 2005-09-30 | $14.54 | $6.93 | x |
| 2006-09-30 | $14.51 | $6.93 | x |
| 2007-09-30 | $14.20 | $6.93 | x |
| 2008-09-30 | $13.29 | $6.93 | x |
| 2009-09-30 | $9.37 | $6.93 | x |
| 2010-09-30 | $9.67 | $6.93 | x |
| 2011-09-30 | $9.44 | $6.93 | x |
| 2012-09-30 | $10.43 | $6.93 | x |
| 2013-09-30 | $12.09 | $6.93 | x |
| 2014-09-30 | $12.10 | $6.93 | x |
| 2015-09-30 | $12.02 | $6.93 | x |
| 2016-09-30 | $12.34 | $6.93 | x |
| 2017-09-30 | $11.76 | $6.93 | x |
| 2018-09-30 | $10.28 | $6.93 | x |
| 2019-09-30 | $10.81 | $6.93 | x |
| 2020-09-30 | $9.05 | $6.93 | x |
| 2021-09-30 | $9.29 | $6.93 | x |
| 2022-09-30 | $6.94 | $6.93 | x |
| 2023-09-30 | $6.82 | $6.93 | x |
| 2024-09-30 | $7.86 | $6.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bny Mellon Municipal Income 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): 15.69%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 97.38%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.50x
- Recent ROE (15.69%) is above the historical average (4.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 8.07% | 107.79% | 0.07x | 1.04x | $-3.42 Million |
| 1990 | 5.73% | 66.45% | 0.09x | 1.00x | $-7.54 Million |
| 1991 | 12.25% | 150.29% | 0.08x | 1.00x | $4.23 Million |
| 1992 | 9.89% | 125.99% | 0.08x | 1.01x | $-210.00K |
| 1993 | 10.94% | 144.66% | 0.08x | 1.00x | $1.94 Million |
| 1994 | -2.78% | -34.84% | 0.08x | 1.01x | $-24.12 Million |
| 1996 | 5.11% | 68.30% | 0.07x | 1.00x | $-9.45 Million |
| 1997 | 6.12% | 85.25% | 0.07x | 1.00x | $-7.51 Million |
| 1998 | 7.80% | 119.83% | 0.07x | 1.00x | $-4.34 Million |
| 1999 | -1.49% | -33.10% | 0.04x | 1.14x | $-32.31 Million |
| 2000 | 4.77% | 75.65% | 0.06x | 1.00x | $-14.62 Million |
| 2001 | 10.52% | 176.55% | 0.06x | 1.00x | $1.55 Million |
| 2002 | 5.19% | 86.53% | 0.06x | 1.00x | $-14.39 Million |
| 2003 | 3.33% | 56.46% | 0.06x | 1.00x | $-19.65 Million |
| 2004 | 5.41% | 95.75% | 0.06x | 1.00x | $-13.56 Million |
| 2005 | 6.11% | 110.45% | 0.05x | 1.01x | $-11.66 Million |
| 2006 | 4.42% | 79.42% | 0.05x | 1.07x | $-16.68 Million |
| 2007 | 2.49% | 41.51% | 0.06x | 1.05x | $-21.95 Million |
| 2008 | -1.85% | -29.29% | 0.06x | 1.03x | $-32.42 Million |
| 2009 | 15.92% | 98.34% | 0.11x | 1.52x | $11.43 Million |
| 2010 | 9.01% | 97.45% | 0.06x | 1.52x | $-1.97 Million |
| 2011 | 4.32% | 95.30% | 0.03x | 1.54x | $-11.06 Million |
| 2012 | 15.58% | 98.71% | 0.11x | 1.48x | $12.05 Million |
| 2013 | -6.56% | 0.00% | -0.05x | 1.18x | $-41.53 Million |
| 2014 | 10.85% | 98.43% | 0.09x | 1.21x | $2.14 Million |
| 2015 | 4.10% | 95.99% | 0.04x | 1.21x | $-14.61 Million |
| 2016 | 6.90% | 97.07% | 0.06x | 1.18x | $-7.86 Million |
| 2017 | 0.34% | 64.75% | 0.00x | 1.21x | $-23.57 Million |
| 2018 | -0.23% | -557.99% | 0.00x | 1.35x | $-21.97 Million |
| 2019 | 8.49% | 98.27% | 0.06x | 1.38x | $-3.39 Million |
| 2020 | 1.45% | 88.42% | 0.01x | 1.54x | $-16.04 Million |
| 2021 | 7.16% | 97.43% | 0.05x | 1.51x | $-5.48 Million |
| 2022 | -28.77% | 0.00% | -0.18x | 1.63x | $-55.81 Million |
| 2023 | 2.40% | 90.15% | 0.02x | 1.56x | $-10.77 Million |
| 2024 | 15.69% | 97.38% | 0.11x | 1.50x | $9.28 Million |
Industry Comparison
This section compares Bny Mellon Municipal Income 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 |
|---|---|---|---|---|
| Bny Mellon Municipal Income Inc (DMF) | $163.18 Million | 8.07% | 0.50x | $63.26K |
| 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 |