Federated Hermes Premier Municipal Income Fund - FMN

FMN Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
FMN	-0.6	-1.4	-9.2	-5.7	-1.1	10.8	-26.2	-20.5	-23.2	-25.3
S&P 500	-1.3	-2.3	0.5	5.7	10.8	30.2	24.9	88.0	187.6	33142.5

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	FMN
name	Federated Hermes Premier Municipal Income Fund
price	11.21
changes percentage	-0.62
change	-0.07
day low	11.20
day high	11.30
year high	12.53
year low	10.12
market cap	128893701
price avg 50	12.02
price avg 200	11.49
exchange	NYSE
volume	41155
avg volume	50181
open	11.30
previous close	11.28
eps	0.46
pe	24.37
earnings announcement	2024-02-12T00:00:00.000+0000
shares outstanding	11498100
timestamp	2024-11-15 20:59:41

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 49.7%

Overall Quarterly Financial Health: 33.3%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001199004
revenue	10316215	-31517241	132.73
gross profit	3809083	-31517241	112.09
gross profit ratio	0.37	1	-63.08
research and development expenses	0	0	NaN
operating expenses	1392762	130343	968.54
interest income	10316215	9419121	9.52
interest expense	3710010	1819899	103.86
ebitda	-1535461	-69358196	97.79
ebitdaratio	-0.15	0.95	-115.73
operating income	8923453	-29827685	129.92
operating income ratio	0.86	0.95	-8.60
net income	3677982	-31647584	111.62
net income ratio	0.36	1.0	-64.49
eps	0.32	-2.76	111.59

Overall Score of Annual Income Statement

0.71 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 10 million in 2023 from -32 million in 2022 representing a change of 132.73%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 4 million in 2023 from -32 million in 2022 representing a change of 112.09%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Income: Operating income increased to 9 million in 2023 from -30 million in 2022 representing a change of 129.92%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 4 million in 2023 from -32 million in 2022 representing a change of 111.62%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 0.32 in 2023 from 0.32 in 2022 representing a change of 111.59%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 1 million in 2023 from 0 million in 2022 representing a change of 968.54%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to -2 million in 2023 from -69 million in 2022 representing a change of 97.79%. The decrease in EBITDA indicates declined operational efficiency and profitability.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0001199004
revenue	2702231	2702231	0.00
gross profit	2702231	2702231	0.00
gross profit ratio	1	1	0.00
research and development expenses	0	0	NaN
operating expenses	358445	207198	73.00
interest income	977057	977057	0.00
interest expense	0	0	NaN
ebitda	0	0	NaN
ebitdaratio	0	-0.15	100.00
operating income	2343786	2343787	-0.00
operating income ratio	0.87	0.87	-0.00
net income	1932372	1932372	0.00
net income ratio	0.72	0.72	0.00
eps	0.17	0.17	0.00

Overall Score of Quarterly Income Statement

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 73.0%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Operating Income: Operating income decreased to 2 million in 2024Q2 from 2 million in 2024Q1 representing a change of -0.0%. The decrease in operating income indicates worse operational performance and decreased profitability.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001199004
total assets	233116663	233063061	0.02
total liabilities	92890763	91358249	1.68
total equity	140225900	141704812	-1.04
cash and cash equivalents	84666	82397	2.75
short term investments	0	0	NaN
long term investments	229490082	229488272	0.00
total current assets	3626581	3574789	1.45
total non current assets	239999404	229488272	4.58
total current liabilities	3839863	2635869	45.68
total non current liabilities	0	2635869	-100.00
common stock	158805344	158805344	0.00
retained earnings	-18579444	-17100532	-8.65
total debt	88589418	88578833	0.01

Overall Score of Annual Balance Sheet

0.38 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 233 million in 2023 from 233 million in 2022 representing a change of 0.02%. Suggesting a growth in asset holdings.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 0 million in 2023 from 0 million in 2022 representing a change of 2.75%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 4 million in 2023 from 4 million in 2022 representing a change of 1.45%. This indicates a better liquidity position.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 93 million in 2023 from 91 million in 2022 representing a change of 1.68%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 140 million in 2023 from 142 million in 2022 representing a change of -1.04%. This indicates a decrease in shareholders' equity.

  Total Current Liabilities: Total Current Liabilities increased to 4 million in 2023 from 3 million in 2022 representing a change of 45.68%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -19 million in 2023 from -17 million in 2022 representing a change of -8.65%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 89 million in 2023 from 89 million in 2022 representing a change of 0.01%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0001199004
total assets	231121935	231121935	0.00
total liabilities	89445890	89445890	0.00
total equity	141676045	141676045	0.00
cash and cash equivalents	96569	96569	0.00
short term investments	0	0	NaN
long term investments	214649805	214649805	0.00
total current assets	3708068	3708068	0.00
total non current assets	227413867	227413867	0.00
total current liabilities	851181	851181	0.00
total non current liabilities	88594709	88594709	0.00
common stock	158805344	158805344	0.00
retained earnings	-17129299	-17129299	0.00
total debt	88594709	88594709	0.00

Overall Score of Quarterly Balance Sheet

0.5 out of 1

Detailed Analysis

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001199004
net change in cash	2269	13433	-83.11
operating cash flow	5217567	31737987	-83.56
free cash flow	5217567	31737987	-83.56
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	0	0	NaN
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	-25000000	100.00
dividends paid	-5225883	-6703387	22.04
net cash used provided by financing activities	-5215298	-31724554	83.56
cash at end of period	84666	82397	2.75
accounts receivables	-22023	1286293	-101.71
cash at beginning of period	82397	68964	19.48

Overall Score of Annual Cashflow Statement

0.4 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to 0 million in 2023 from 0 million in 2022 representing a change of -83.11%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow decreased to 5 million in 2023 from 32 million in 2022 representing a change of -83.56%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to 5 million in 2023 from 32 million in 2022 representing a change of -83.56%. This indicates a decrease in cash generated after accounting for capital expenditures.

• 📈 Positive Indicators

  Accounts Receivables: Accounts Receivables decreased to 0 million in 2023 from 1 million in 2022 representing a change of -101.71%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

  Dividends Paid: Dividends Paid increased to -5 million in 2023 from -7 million in 2022 representing a change of 22.04%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0001199004
operating cash flow	1210606	1210606	0.00
free cash flow	1210606	1210606	0.00
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	-16542	-16542	0.00
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	0	0	NaN
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-1207300	-1207300	0.00
net cash used provided by financing activities	-1204654	-1204654	0.00
net change in cash	5952	5952	0.00
cash at end of period	5952	5952	0.00
cash at beginning of period	0	0	NaN

Overall Score of Quarterly Cashflow Statement

0.5 out of 1

Detailed Analysis

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-11-30	2022-11-30	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0.89	-2.75	132.52
net income per share	0.32	-2.76	111.54
operating cash flow per share	0.45	2.77	-83.67
free cash flow per share	0.45	2.77	-83.67
cash per share	0.01	0.01	2.07
book value per share	12.15	12.36	-1.70
tangible book value per share	12.15	12.36	-1.70
shareholders equity per share	12.15	12.36	-1.70
interest debt per share	0.32	0.16	102.51
market cap	120044912	125902345.68	-4.65
enterprise value	208549664	214398781.68	-2.73
pe ratio	32.64	-3.98	920.43
price to sales ratio	11.64	-3.99	391.30
pocfratio	23.01	3.97	479.99
pfcf ratio	23.01	3.97	479.99
pb ratio	0.86	0.89	-3.65
ptb ratio	0.86	0.89	-3.65
ev to sales	20.22	-6.8	397.18
enterprise value over ebitda	-135.82	-3.09	-4,293.86
ev to operating cash flow	39.97	6.76	491.70
ev to free cash flow	39.97	6.76	491.70
earnings yield	0.03	-0.25	112.19
free cash flow yield	0.04	0.25	-82.76
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	-57.64	-1.28	-4,417.52
current ratio	0.94	1.36	-30.36
interest coverage	2.41	-16.39	114.68
income quality	1.42	-1.0	241.46
dividend yield	0.04	0.05	-18.24
payout ratio	1.42	-0.21	770.81
sales general and administrative to revenue	0.14	-0.01	1,141.47
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	9.33	27.7	-66.31
roic	0.06	-0.26	124.20
return on tangible assets	0.02	-0.14	111.62
graham net net	-7.82	-7.75	-0.96
working capital	-213282	938920	-122.72
tangible asset value	140225900	141704812	-1.04
net current asset value	-89264182	-87783460	-1.69
invested capital	-213282	938920	-122.72
average receivables	3377403.5	4009538.5	-15.77
average payables	2662952.5	3447852.5	-22.76
average inventory	-63000	-63000	0.00
days sales outstanding	119.89	-38.99	407.51
days payables outstanding	190.57	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	3.04	-9.36	132.52
payables turnover	1.92	0	NaN
inventory turnover	0	0	NaN
roe	0.03	-0.22	111.74
capex per share	0	0	NaN

• Negative

  ROE: Return on Equity (ROE) increased to 0.03 on 2023-11-30 from -0.22 on 2022-11-30, representing a change of 111.74%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to 0.94 on 2023-11-30 from 1.36 on 2022-11-30, representing a change of -30.36%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 32.64 on 2023-11-30 from -3.98 on 2022-11-30, representing a change of 920.43%. Indicating an increase in the relative valuation of the company's stock.

• Quarterly Financial Ratios

	2024-05-31 Q2	2024-02-29 Q1	Q/Q change %
FMN
calendar year	2024	2024	NaN
revenue per share	0.24	0.24	0.00
net income per share	0.17	0.17	0.00
operating cash flow per share	0.11	0.11	0.00
free cash flow per share	0.11	0.11	0.00
cash per share	0.01	0.01	0.00
book value per share	12.32	12.32	0.00
tangible book value per share	12.32	12.32	0.00
shareholders equity per share	12.32	12.32	0.00
interest debt per share	7.71	7.71	0.00
market cap	127628987.7	127284044.49	0.27
enterprise value	216127127.7	215782184.49	0.16
pe ratio	16.51	16.47	0.27
price to sales ratio	47.23	47.1	0.27
pocfratio	105.43	105.14	0.27
pfcf ratio	105.43	105.14	0.27
pb ratio	0.9	0.9	0.27
ptb ratio	0.9	0.9	0.27
ev to sales	79.98	79.85	0.16
enterprise value over ebitda	0	0	NaN
ev to operating cash flow	178.53	178.24	0.16
ev to free cash flow	178.53	178.24	0.16
earnings yield	0.02	0.02	-0.27
free cash flow yield	0.01	0.01	-0.27
debt to equity	0.63	0.63	0.00
debt to assets	0.38	0.38	0.00
net debt to ebitda	0	0	NaN
current ratio	4.36	4.36	0.00
interest coverage	0	0	NaN
income quality	0.63	0.63	0.00
dividend yield	0.01	0.01	-0.27
payout ratio	0.62	0.62	0.00
sales general and administrative to revenue	0.13	0.13	0.00
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	6.83	6.83	0.00
roic	0.01	0.01	-17.55
return on tangible assets	0.01	0.01	0.00
graham net net	-7.55	-7.55	-0.00
working capital	2856887	2856887	0.00
tangible asset value	141676045	141676045	0.00
net current asset value	-85737822	-85737822	0.00
invested capital	2856887	2856887	0.00
average receivables	3421499	3404957	0.49
average payables	0	1677427	-100.00
average inventory	0.5	1	-50.00
days sales outstanding	113.96	113.96	0.00
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0.79	0.79	0.00
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	0.01	0.01	0.00
capex per share	0	0	NaN

• Negative

  ROE: Return on Equity (ROE) decreased to 0.01 on 2024-05-31 Q2 from 0.01 on 2024-02-29 Q1, representing a change of 0.00%. Suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to 4.36 on 2024-05-31 Q2 from 4.36 on 2024-02-29 Q1, representing a change of 0.00%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 16.51 on 2024-05-31 Q2 from 16.47 on 2024-02-29 Q1, representing a change of 0.27%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.63 on 2024-05-31 Q2 from 0.63 on 2024-02-29 Q1, representing a change of 0.00%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is -7.47 which is lower than current price 11.21, indicates the company may be overvalued.