BNY Mellon Strategic Municipals, Inc.

BNY Mellon Strategic Municipals, Inc.

LEOยทNYSE

$6.35

-0.78%
Financial ServicesAsset Management

BNY Mellon Strategic Municipals, Inc. is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax. It employs fundamental analysis to create its portfolio. The fund was formerly known as Dreyfus Strategic Municipals, Inc. BNY Mellon Strategic Municipals, Inc. was formed on September 23, 1987 and is domiciled in the United States.

At a Glance

Live Snapshot
Market Cap$395.55M
EPS-0.2100
P/E Ratio-30.24
Earnings Date09/30/2025

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -30.2).

Valuation inputs: P/E -30.2, earnings yield N/A, momentum -0.8%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -3.1%, ROIC -2.0%).

Profitability stack: net margin +2.5%, ROE -3.1%, ROIC -2.0%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +34.5%, momentum -0.8%, net margin +2.5%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

leo

BNY Mellon Strategic Municipals, Inc. Market vs Earnings Trajectory

LEO ยท NYSE

Loading price and EPS data...

BNY Mellon Strategic Municipals, Inc.

BNY Mellon Strategic Municipals, Inc. Fair Value Envelope

LEO ยท NYSE

Our analysis suggests that LEO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $6.35, this represents a potential HIDDEN relative to our calculated worth for BNY Mellon Strategic Municipals, Inc..

Intrinsic Value
Current Price: $6.35
3Y-88.0%
5Y-291.0%
10Y-129.0%
3Y-125.0%
5Y-122.0%
10Y-112.0%
3Y-88.0%
5Y-265.0%
10Y-134.0%
3Y-72.0%
5Y-59.0%
10Y-67.0%
3Y-72.0%
5Y-59.0%
10Y-67.0%
3Y-3.0%
5Y-21.0%
10Y-24.0%
BNY Mellon Strategic Municipals, Inc.

BNY Mellon Strategic Municipals, Inc. Profit Bridge

LEO ยท NYSE
Revenue-5.18M
Cost of Goods Sold (7.99M)
Gross Profit-13.18M
Operating Expenses (-76.51K)
Operating Income-13.10M
Interest Expense (7.99M)
Other Income/Expense0.00
Pretax Income-13.10M
Income Tax (0.00)
Net Income-13.10M
Net Income
-13.10M

Profitability Analysis

Gross Margin

254.2%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

252.7%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

252.7%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

254.21%
Gross Profit Margin
154%
3Y+217.0%
5Y+211.0%
10Y+186.0%
252.73%
Operating Profit Margin
153%
3Y-148.0%
5Y+400.0%
10Y+233.0%
252.73%
Net Profit Margin
153%
3Y-147.0%
5Y+640.0%
10Y+187.0%
-3.09%
Return on Equity
-119%
3Y-86.0%
5Y-333.0%
10Y-156.0%
-2.03%
Return on Assets
-119%
3Y-88.0%
5Y-310.0%
10Y-144.0%
-2.04%
Return on Invested Capital
-119%
3Y-84.0%
5Y-281.0%
10Y-151.0%
LEO

BNY Mellon Strategic Municipals, Inc. Cash Conversion Engine

LEO ยท NYSE
Net Income-13.10M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital-1.54M
Others27.29M
Capital Expenditures0.00
Free Cash Flow12.65M

Cash Flow Quality Analysis

FCF Conversion Rate

-96.6%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

FCF Growth Trend

-1.3%

Flat FCF growth. Stable but not expandingโ€”monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$1.54M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

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BNY Mellon Strategic Municipals, Inc. Funding & Solvency Profile

LEO ยท NYSE
Cash & Cash Equivalents86.57K
Net Receivables17.70M
Inventory0.00
Other Current Assets0.00
Total Current Assets18 M
Property, Plant & Equipment0.00
Goodwill & Intangible Assets0.00
Long-Term Investments630.17M
Other Non-Current Assets59.19K
Total Non-Current Assets630 M
Total Assets
648.02M

Financial Health Analysis

Debt-to-Equity Ratio

0.54x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

18 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

3% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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BNY Mellon Strategic Municipals, Inc. Street Expectations Map

LEO ยท NYSE

No Target Data

No analyst price targets available for leo.

leo

BNY Mellon Strategic Municipals, Inc. Insider Positioning

LEO ยท NYSE

During the last 12 months, there has been no insider trading activity reported for LEO.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

2.66%
Dividend Yield
55%
3Y-5.0%
5Y-8.0%
10Y-27.0%
ย 

leo Dividend History

LEO
10Y CAGR +3%
Latest $0.03
Annual $0.318
5 year growth trend
Last Period: +15%