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Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Page: Earnings Power Value

Western Asset Municipal Partners Fund Inc.

Ticker: MNP | Industry: Asset Management | Sector: Financial Services
$10.58 0.00 (0.00%)
As of: 2023-10-16

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Valuation Snapshot

Intrinsic Range$6.86 — $9.37
Selected Value (Mid)$8.11
Live Price$10.58
Upside / Downside-23.31%

EPV Per Share Breakdown

MetricLowMidHigh
EPV Per Share$6.86$8.11$9.37

Normalized EBIT Margin

ScenarioMargin
Low55.99%
Mid65.88%
High75.76%

Normalized Tax Rate

MetricValue
Tax Rate35.00%

Adjusted Earnings (NOPAT)

ScenarioValue
Low6,823,287
Mid8,027,396
High9,231,505

Capital Structure

ComponentValue
Net Debt2,580,000
Shares Outstanding9,723,640
WACC9.85%

Reverse EPV (Market Implied)

If "Implied" > "Actual", market expects profitability to improve.

MetricActual (LTM)Market Implied
EBIT Margin65.88%85.26%
NOPAT (Earnings)8,027,39610,389,449
Enterprise Value81,480,542105,456,111

Valuation Details

MetricLowMidHigh
Enterprise Value69,258,46181,480,54293,702,623
(-) Net Debt2,580,0002,580,0002,580,000
(=) Equity Value66,678,46178,900,54291,122,623
(/) Shares Outstanding9,723,6409,723,6409,723,640
(=) Fair Value$6.86$8.11$9.37
Live Price$10.58$10.58$10.58
Upside %-35.19%-23.31%-11.42%

High-Upside EPV Screener

US Market Global Market
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