(VGM) Invesco Trust Inv Grade - Ratings and Ratios
Municipal Bonds, Municipal Notes, Municipal Commercial Paper, Lease Obligations
VGM EPS (Earnings per Share)
VGM Revenue
Description: VGM Invesco Trust Inv Grade
Invesco Trust For Inv Grade Munis (NYSE:VGM) is a closed-ended fixed income mutual fund that invests primarily in investment-grade municipal securities in the United States. The fund employs a fundamental analysis with a bottom-up security selection approach to create its portfolio, focusing on municipal bonds, notes, commercial paper, and lease obligations.
From a performance perspective, key metrics to consider include the funds yield, duration, and credit quality. Given its investment-grade focus, VGM likely has a relatively low credit risk profile. To further assess its attractiveness, one could examine its distribution yield, which is a crucial metric for income-focused investors. A comparison with peers and the broader municipal bond market would provide valuable context.
Notably, the funds market capitalization is approximately $520 million, indicating a relatively modest size. This could impact liquidity, so its essential to monitor trading volumes and bid-ask spreads. Additionally, the funds return on equity (RoE) of 12.66% suggests a reasonable level of profitability. To gain a deeper understanding, one could analyze the funds expense ratio, as well as its historical returns relative to benchmarks and peers.
To make an informed investment decision, its crucial to evaluate VGMs performance in various market environments, such as rising or falling interest rates, and assess its sensitivity to changes in credit spreads. By examining these factors, investors can better understand the funds potential risks and rewards.
VGM Stock Overview
| Market Cap in USD | 543m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 1992-02-19 |
VGM Stock Ratings
| Growth Rating | 17.1% |
| Fundamental | 56.6% |
| Dividend Rating | 66.6% |
| Return 12m vs S&P 500 | -12.6% |
| Analyst Rating | 5.0 of 5 |
VGM Dividends
| Dividend Yield 12m | 7.95% |
| Yield on Cost 5y | 8.29% |
| Annual Growth 5y | 0.92% |
| Payout Consistency | 91.0% |
| Payout Ratio | 70.3% |
VGM Growth Ratios
| Growth Correlation 3m | 87.7% |
| Growth Correlation 12m | -19.2% |
| Growth Correlation 5y | -32.3% |
| CAGR 5y | 8.56% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.45 |
| CAGR/Mean DD 3y (Pain Ratio) | 2.24 |
| Sharpe Ratio 12m | -0.40 |
| Alpha | -10.92 |
| Beta | 0.663 |
| Volatility | 9.94% |
| Current Volume | 199k |
| Average Volume 20d | 184.4k |
| Stop Loss | 9.7 (-4%) |
| Signal | -0.61 |
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income (77.5m TTM) > 0 and > 6% of Revenue (6% = 3.99m TTM) |
| FCFTA 0.13 (>2.0%) and ΔFCFTA 2.49pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 14.88% (prev 20.77%; Δ -5.89pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.13 (>3.0%) and CFO 119.5m > Net Income 77.5m (YES >=105%, WARN >=100%) |
| Net Debt (48.3m) to EBITDA (29.2m) ratio: 1.66 <= 3.0 (WARN <= 3.5) |
| Current Ratio 3.24 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (54.2m) change vs 12m ago 0.0% (target <= -2.0% for YES) |
| Gross Margin 68.06% (prev 82.10%; Δ -14.04pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 7.19% (prev 6.57%; Δ 0.63pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.60 (EBITDA TTM 29.2m / Interest Expense TTM 35.8m) >= 6 (WARN >= 3) |
Altman Z'' 2.35
| (A) 0.01 = (Total Current Assets 14.3m - Total Current Liabilities 4.41m) / Total Assets 889.2m |
| (B) -0.10 = Retained Earnings (Balance) -86.2m / Total Assets 889.2m |
| (C) 0.06 = EBIT TTM 57.2m / Avg Total Assets 923.7m |
| (D) 2.07 = Book Value of Equity 599.6m / Total Liabilities 289.6m |
| Total Rating: 2.35 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 56.57
| 1. Piotroski 6.0pt = 1.0 |
| 2. FCF Yield 14.42% = 5.0 |
| 3. FCF Margin data missing |
| 4. Debt/Equity 0.48 = 2.39 |
| 5. Debt/Ebitda 9.93 = -2.50 |
| 6. ROIC - WACC (= 0.03)% = 0.03 |
| 7. RoE 12.66% = 1.05 |
| 8. Rev. Trend 15.41% = 1.16 |
| 9. EPS Trend -31.23% = -1.56 |
What is the price of VGM shares?
Over the past week, the price has changed by +0.10%, over one month by +4.69%, over three months by +7.45% and over the past year by +4.25%.
Is Invesco Trust Inv Grade a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of VGM is around 10.23 USD . This means that VGM is currently overvalued and has a potential downside of 1.29%.
Is VGM a buy, sell or hold?
- Strong Buy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the VGM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 11.2 | 11.2% |
Last update: 2025-09-30 03:58
VGM Fundamental Data Overview
CCE Cash And Equivalents = 4.45m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 26.3684
P/S = 12.8465
P/B = 0.9063
Beta = 0.663
Revenue TTM = 66.5m USD
EBIT TTM = 57.2m USD
EBITDA TTM = 29.2m USD
Long Term Debt = 285.2m USD (from nonCurrentLiabilitiesTotal, last quarter)
Short Term Debt = 4.41m USD (from totalCurrentLiabilities, last quarter)
Debt = 289.6m USD (Calculated: Short Term 4.41m + Long Term 285.2m)
Net Debt = 48.3m USD (from netDebt column, last quarter)
Enterprise Value = 828.5m USD (543.4m + Debt 289.6m - CCE 4.45m)
Interest Coverage Ratio = 1.60 (Ebit TTM 57.2m / Interest Expense TTM 35.8m)
FCF Yield = 14.42% (FCF TTM 119.5m / Enterprise Value 828.5m)
FCF Margin = 179.8% (FCF TTM 119.5m / Revenue TTM 66.5m)
Net Margin = 116.6% (Net Income TTM 77.5m / Revenue TTM 66.5m)
Gross Margin = 68.06% ((Revenue TTM 66.5m - Cost of Revenue TTM 21.2m) / Revenue TTM)
Tobins Q-Ratio = 1.38 (Enterprise Value 828.5m / Book Value Of Equity 599.6m)
Interest Expense / Debt = 4.60% (Interest Expense 13.3m / Debt 289.6m)
Taxrate = 21.0% (US default)
NOPAT = 45.2m (EBIT 57.2m * (1 - 21.00%))
Current Ratio = 3.24 (Total Current Assets 14.3m / Total Current Liabilities 4.41m)
Debt / Equity = 0.48 (Debt 289.6m / last Quarter total Stockholder Equity 599.6m)
Debt / EBITDA = 9.93 (Net Debt 48.3m / EBITDA 29.2m)
Debt / FCF = 2.42 (Debt 289.6m / FCF TTM 119.5m)
Total Stockholder Equity = 612.3m (last 4 quarters mean)
RoA = 8.72% (Net Income 77.5m, Total Assets 889.2m )
RoE = 12.66% (Net Income TTM 77.5m / Total Stockholder Equity 612.3m)
RoCE = 6.37% (Ebit 57.2m / (Equity 612.3m + L.T.Debt 285.2m))
RoIC = 6.81% (NOPAT 45.2m / Invested Capital 663.9m)
WACC = 6.78% (E(543.4m)/V(833.0m) * Re(8.46%)) + (D(289.6m)/V(833.0m) * Rd(4.60%) * (1-Tc(0.21)))
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
Discount Rate = 8.46% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 78.11% ; FCFE base≈113.6m ; Y1≈124.3m ; Y5≈157.7m
Fair Price DCF = 46.79 (DCF Value 2.54b / Shares Outstanding 54.2m; 5y FCF grow 10.68% → 3.0% )
EPS Correlation: -31.23 | EPS CAGR: -42.89% | SUE: 0.11 | # QB: 0
Revenue Correlation: 15.41 | Revenue CAGR: 10.28% | SUE: N/A | # QB: 0
Additional Sources for VGM Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle