XNYSRFMZ
Market cap326mUSD
Dec 24, Last price
13.39USD
1D
0.53%
1Q
-7.27%
IPO
-33.12%
Name
Rivernorth Flexible Municipal Income Fund II Inc
Chart & Performance
P/E
10.25
P/S
10.21
EPS
1.31
Div Yield, %
7.76%
Shrs. gr., 5y
—
Rev. gr., 5y
%
Revenues
32m
+103.47%
Net income
32m
+103.58%
CFO
28m
-8.60%
Dividend
Dec 13, 20240.0866 USD/sh
Profile
RiverNorth Flexible Municipal Income Fund II, Inc. operates as a closed-end management investment fund company. The Fund’s primary investment objective is current income exempt from regular U.S. federal income taxes and secondary investment objective is total return. The company was founded in June 11, 2020 and is headquartered in West Palm Beach, FL.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY |
|---|---|---|---|---|
| 2024‑06 | 2023‑06 | 2022‑06 | 2021‑06 | |
| Income | ||||
Revenues | 31,945 103.47% | 15,700 -116.81% | (93,395) | |
Cost of revenue | 143 | 79 | 42 | |
Unusual Expense (Income) | ||||
NOPBT | 31,802 | 15,622 | (93,437) | |
NOPBT Margin | 99.55% | 99.50% | 100.04% | |
Operating Taxes | (228) | (237) | ||
Tax Rate | ||||
NOPAT | 31,802 | 15,850 | (93,200) | |
Net income | 31,802 103.58% | 15,622 -116.72% | (93,437) | |
Dividends | (25,292) | (26,198) | (28,170) | |
Dividend yield | 7.44% | 7.58% | 7.96% | |
Proceeds from repurchase of equity | ||||
BB yield | ||||
| Debt | ||||
Debt current | ||||
Long-term debt | 239,175 | 242,030 | 259,250 | |
Deferred revenue | ||||
Other long-term liabilities | (242,030) | (259,250) | ||
Net debt | (370,867) | (365,099) | (401,667) | |
| Cash flow | ||||
Cash from operating activities | 27,583 | 30,179 | (40,815) | |
CAPEX | ||||
Cash from investing activities | ||||
Cash from financing activities | (28,098) | (43,418) | 57,615 | |
FCF | 40,714 | 88,445 | ||
| Balance | ||||
Cash | 14,041 | |||
Long term investments | 610,042 | 607,129 | 646,876 | |
Excess cash | 608,445 | 606,344 | 665,586 | |
Stockholders' equity | 380,042 | 373,531 | 384,107 | |
Invested Capital | 239,931 | 246,343 | 361,356 | |
ROIC | 13.08% | 5.22% | ||
ROCE | 5.13% | 2.52% | ||
| EV | ||||
Common stock shares outstanding | 24,033 | 24,033 | 24,333 | |
Price | 14.14 -1.67% | 14.38 -1.10% | 14.54 | |
Market cap | 339,830 -1.67% | 345,598 -2.32% | 353,795 | |
EV | (31,038) | (19,501) | (47,871) | |
EBITDA | 31,802 | 15,622 | (93,437) | |
EV/EBITDA | 0.51 | |||
Interest | 9,881 | 7,649 | 2,260 | |
Interest/NOPBT | 31.07% | 48.97% | ||