Eaton Vance California MBF (EVM) - Net Assets
Based on the latest financial reports, Eaton Vance California MBF (EVM) has net assets worth $241.55 Million USD as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($362.04 Million) and total liabilities ($120.49 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. Also explore EVM current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $241.55 Million |
| % of Total Assets | 66.72% |
| Annual Growth Rate | 1.25% |
| 5-Year Change | 107.65% |
| 10-Year Change | 141.48% |
| Growth Volatility | 45.56 |
Eaton Vance California MBF - Net Assets Trend (2006–2024)
This chart illustrates how Eaton Vance California MBF's net assets have evolved over time, based on quarterly financial data. Check Eaton Vance California MBF tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Eaton Vance California MBF (2006–2024)
The table below shows the annual net assets of Eaton Vance California MBF from 2006 to 2024. For live valuation and market cap data, see Eaton Vance California MBF stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $656.93 Million | +178.16% |
| 2023-09-30 | $236.17 Million | -1.62% |
| 2022-09-30 | $240.05 Million | -22.97% |
| 2021-09-30 | $311.64 Million | -1.49% |
| 2020-09-30 | $316.36 Million | +0.66% |
| 2019-09-30 | $314.28 Million | +24.74% |
| 2018-09-30 | $251.94 Million | -5.41% |
| 2017-09-30 | $266.35 Million | -4.63% |
| 2016-09-30 | $279.28 Million | +2.66% |
| 2015-09-30 | $272.05 Million | -1.44% |
| 2014-09-30 | $276.02 Million | +10.23% |
| 2013-09-30 | $250.41 Million | -11.31% |
| 2012-09-30 | $282.35 Million | +10.60% |
| 2011-09-30 | $255.29 Million | -6.80% |
| 2010-09-30 | $273.91 Million | +11.80% |
| 2008-09-30 | $245.01 Million | -52.84% |
| 2007-09-30 | $519.58 Million | -1.13% |
| 2006-09-30 | $525.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eaton Vance California MBF'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 286.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $246.73K | 0.10% |
| Other Components | $304.54 Million | 118.01% |
| Total Equity | $258.07 Million | 100.00% |
Eaton Vance California MBF Competitors by Market Cap
The table below lists competitors of Eaton Vance California MBF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chaince Digital Holdings Inc.
NASDAQ:CD
|
$233.46 Million |
|
BUUU Group Limited Class A Ordinary Share
NASDAQ:BUUU
|
$233.50 Million |
|
Cybin Inc. Common Stock
NYSE MKT:HELP
|
$233.50 Million |
|
Shanghai KEN Tools Co Ltd
SHE:300126
|
$233.51 Million |
|
Peña Verde S.A.B
MX:PV
|
$233.18 Million |
|
TCI Express Limited
NSE:TCIEXP
|
$233.15 Million |
|
Anhui Chaoyue Environmental Protection Technology Co. Ltd.
SHE:301049
|
$233.09 Million |
|
Artius II Acquisition Inc.
NASDAQ:AACB
|
$233.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eaton Vance California MBF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 236,167,993 to 258,067,538, a change of 21,899,545 (9.3%).
- Net income of 32,817,321 contributed positively to equity growth.
- Dividend payments of 10,917,776 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $32.82 Million | +12.72% |
| Dividends Paid | $10.92 Million | -4.23% |
| Total Change | $- | 9.27% |
Book Value vs Market Value Analysis
This analysis compares Eaton Vance California MBF'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: 0.90x
- 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 0.75x to 0.90x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-09-30 | $12.61 | $9.46 | x |
| 2011-09-30 | $11.74 | $9.46 | x |
| 2012-09-30 | $12.98 | $9.46 | x |
| 2013-09-30 | $11.53 | $9.46 | x |
| 2014-09-30 | $12.81 | $9.46 | x |
| 2015-09-30 | $12.76 | $9.46 | x |
| 2016-09-30 | $12.98 | $9.46 | x |
| 2017-09-30 | $9.88 | $9.46 | x |
| 2018-09-30 | $11.52 | $9.46 | x |
| 2019-09-30 | $12.50 | $9.46 | x |
| 2020-09-30 | $12.66 | $9.46 | x |
| 2021-09-30 | $12.44 | $9.46 | x |
| 2022-09-30 | $9.65 | $9.46 | x |
| 2023-09-30 | $9.45 | $9.46 | x |
| 2024-09-30 | $10.46 | $9.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eaton Vance California MBF 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): 12.72%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 229.89%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 3.84x
- Recent ROE (12.72%) is above the historical average (2.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 6.62% | 92.81% | 0.07x | 1.00x | $-17.75 Million |
| 2007 | 3.13% | 47.81% | 0.06x | 1.01x | $-35.71 Million |
| 2008 | -21.98% | -220.62% | 0.06x | 1.81x | $-78.35 Million |
| 2010 | 4.08% | 99.48% | 0.02x | 1.72x | $-16.23 Million |
| 2011 | -0.19% | -469.89% | 0.00x | 1.82x | $-26.02 Million |
| 2012 | 15.18% | 99.07% | 0.09x | 1.68x | $14.62 Million |
| 2013 | -7.08% | 0.00% | -0.04x | 1.74x | $-42.76 Million |
| 2014 | 15.81% | 99.34% | 0.09x | 1.70x | $16.05 Million |
| 2015 | 3.95% | 97.21% | 0.02x | 1.66x | $-16.46 Million |
| 2016 | 7.81% | 98.54% | 0.05x | 1.76x | $-6.10 Million |
| 2017 | -0.16% | 0.00% | 0.00x | 1.73x | $-27.07 Million |
| 2018 | -1.38% | 0.00% | -0.01x | 1.85x | $-28.67 Million |
| 2019 | 9.92% | 99.02% | 0.06x | 1.74x | $-239.26K |
| 2020 | 14.82% | 98.02% | 0.09x | 1.72x | $15.24 Million |
| 2021 | 2.52% | 96.17% | 0.02x | 1.70x | $-23.32 Million |
| 2022 | -23.80% | 0.00% | -0.12x | 1.95x | $-81.14 Million |
| 2023 | 2.15% | 93.89% | 0.02x | 1.51x | $-18.54 Million |
| 2024 | 12.72% | 229.89% | 0.01x | 3.84x | $7.01 Million |
Industry Comparison
This section compares Eaton Vance California MBF's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,064,056,302
- Average return on equity (ROE) among peers: 8.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eaton Vance California MBF (EVM) | $241.55 Million | 6.62% | 0.50x | $233.41 Million |
| Acadian Asset Management Inc (AAMI) | $49.50 Million | 132.93% | 11.35x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.56 Billion | 3.27% | 0.00x | $3.38 Billion |
| Associated Capital Group Inc (AC) | $757.29 Million | -0.01% | 0.10x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $168.50 Million | 39.90% | 0.07x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $4.53 Million | -55.38% | 0.03x | $5.06 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $83.45 Million | -7.38% | 0.39x | $349.41 Million |
| Affiliated Managers Group Inc (AMG) | $1.85 Billion | 3.21% | 0.83x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $5.59 Billion | 37.54% | 23.56x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $570.49 Million | 13.24% | 3.41x | $33.91 Million |
About Eaton Vance California MBF
Eaton Vance California Municipal Bond Fund is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income market of United States. It invests primarily in high grade municipal obligations comprising of various industries, such as general obligations, hospital, electric utilities, transportation, water and sewer, public education, and… Read more