Company Analysis

53753 BMN

A comprehensive view of key metrics, scores, and financial health for 53753

Overview of Blackrock 2037 Municipal Target Term Trust

BMN NYQ

Financial Services Asset Management Framework: Asset Management & Capital Markets Micro Cap

Blackrock 2037 Municipal Target Term Trust (BMN), is a Micro Cap company, in the Asset Management industry, last closed at $24.97, about 0.0% overvalued vs fair value, +0.0% 1Y return, ranked 773/1078 in sector.

Metrics Rev Growth 75.9% ROE 4.5% Div Yield 4.29%

USD 24.97

-0.44%

(Delayed)

• Vol 90d: 17.3%

52-Week Range

Low

24.33

20%

Now 24.97

High

27.53

Market Cap

$160.33M

Enterprise Value

$211.91M

Overall Score

View breakdown

Overall

Growth

Good

Profitability

Fair

Health

Fair

Efficiency

Weak

Valuation

Fair

Growth

Good

Profitability

Fair

Health

Fair

Efficiency

Weak

Valuation

Fair

Completeness: 70%

Confidence: 38%

Updated: Sep 12

Top Beats

No strong beats yet

Quick Facts

HQ New York, NY

Fiscal year Dec 31

Next Events

Dividend Sep 15

Fair Value Snapshot

Insufficient data

Engine Room Money Flow™

Micro Cap

Asset Management & Capital Markets - Where revenue goes and how value is created

Flow Steps

Total Revenue

$7.3M

75.9%%

Net Income

$7.2M

79.7%%

Free Cash Flow

$-82.3M

Capital Allocation

$-6.9M

Money Flow Bridge

You are currently seeing a limited view of the money flow waterfall.

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Flow Direction: Money moves from left to right

Components: Breakdown shows composition of each stage

Industry-Specific: Asset Management & Capital Markets

Data Quality Notes

Note: 'Operating Income (FRE Proxy)' approximates Fee-Related Earnings (FRE), the industry-standard non-GAAP metric for asset managers. True FRE excludes performance fees and carried interest, which are not separately disclosed in standard financial statements.
Note: Owner Pocket percentages are relative to Net Income (not FCF), as distributions are earnings-driven for asset management companies.
Revenue moved 76% YoY — this may reflect lumpy performance fees or carried interest realizations rather than a structural increase.

Quality & Reliability Indicators

Net Income Margin

97.8%

Excellent

Net Income / Revenue — bottom-line earnings efficiency

Locked Metric

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$6.9M

96.1% of Net Income

Where It Leaks

Cash Flow Health critical

Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.

Analysis based on partial data. Some metrics unavailable for complete assessment.

Active Leaks

0/2

Improving

High Impact

Critical

Dividend/Buyback Overreach

Current: 200.0%

Allocation Leak

Locked Leak

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Scores based on quantitative metrics and qualitative factors

Full moat analysis

Key strengths

Durable Capital Returns Return durability is high (score 0.91).
Stable Earnings Earnings stability is solid (score 0.91).

Key risks

AUM Retention Risk Revenue stickiness is low (stability score 0.26).
Below-Peer Return on Equity Return on equity lags peers (score 0.36).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Fee Revenue Quality

Insufficient Data

—

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Client Retention & Revenue Stickiness

Weak

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Compensation Discipline

Insufficient Data

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Capital Efficiency

Moderate

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Earnings Quality & Cash Conversion

Developing

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Balance Sheet Strength

Developing

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Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Asset Managers, Capital Markets & Exchanges vs Industry Peers 68% Coverage

Click axes to expand details. Marker shows current allocation.

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Growth

62th percentile vs peers

Key Signals

Rev Growth YoY 75.9% 90p Revenue CAGR 3Y 41.0% 81p EPS Growth YoY -66.0% 18p

Strengths

Rev Growth YoY in top 20% of peers (75.9%, 90th percentile)
Revenue CAGR 3Y in top 20% of peers (41.0%, 81th percentile)
Growth above peer median with strong metric coverage (85%)
Conservative leverage compared to industry peers

Risks

EPS Growth YoY in bottom 20% of peers (-66.0%)

Profitability

42th percentile vs peers

Key Signals

Strengths

Risks

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Safety

61th percentile vs peers

Key Signals

Strengths

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Two Futures

Scenario-based fair value ranges for 53753.

WACC X.X%

X%XX%

Rev CAGR 5Y X.X%

-XX%XX%

Op Margin XX.X%

-XX%XX%

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Bear

- - -

- upside

Base

- - -

- upside

Bull

- - -

- upside

Fair Value Range Current: $-

$- $- $-

53753 BMN

Overview of Blackrock 2037 Municipal Target Term Trust

Quick Facts

Next Events

Fair Value Snapshot

Flow Steps

Money Flow Bridge

Data Quality Notes

Quality & Reliability Indicators

Net Income Margin

Locked Metric

Locked Metric

Locked Metric

Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Dividend/Buyback Overreach

Locked Leak

Key strengths

Key risks

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Fee Revenue Quality

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Client Retention & Revenue Stickiness

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Compensation Discipline

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Capital Efficiency

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Earnings Quality & Cash Conversion

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Balance Sheet Strength

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Growth

Profitability

Safety

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