What is FCTFX P/E ratio?

Fidelity California Municipal Income's P/E ratio is -6.17. This is below the market average, suggesting the stock may be undervalued relative to earnings.

What is FCTFX return on equity (ROE)?

Fidelity California Municipal Income's return on equity (ROE) is -14.37%, indicating how efficiently the company generates profit from shareholders' equity. This is below the typical market average of 12-15%.

What is Fidelity California Municipal Income's market cap?

Fidelity California Municipal Income has a market capitalization of $1.90B.

NASDAQ · Asset Management

Fidelity California Municipal Income (FCTFX) Stock

Q: What is Fidelity California Municipal Income (FCTFX) stock price today?

Fidelity California Municipal Income (FCTFX) is currently trading at $12.22, up 0% today.

$12.22 +0.00% NASDAQ: FCTFX Financial Services

The fund normally invests at least 80% of assets in municipal securities whose interest is exempt from federal and California personal income taxes. It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects.

Valuation

Metric	Value
Price	$12.22
Market Cap	$1.90B
P/E Ratio	-6.17
P/B Ratio	0.98
P/S Ratio	14.54
EPS (TTM)	$-1.98
52-Week High	$12.58
52-Week Low	$11.92
Dividend Yield	3.27%

Financials & Margins

Metric	Value
ROE	-14.37%
ROA	-9.42%
ROCE	3.54%
Gross Margin	100.00%
Operating Margin	82.17%
Net Margin	-219.56%
Debt/Equity	0.68
Current Ratio	3.11

Annual Financials (USD)

Metric	2018	2019	2020	2021	2022
Revenue	$150.0M	$146.0M	$131.0M	$130.0M	$131.0M
Operating Profit	$123.0M	$120.0M	$104.0M	$104.0M	$107.0M
Net Profit	$64.0M	$348.0M	$-24.0M	$-27.0M	$-287.0M
EPS	$0.44	$2.41	$-0.16	$-0.19	$-1.98
Op Margin	81.8%	81.7%	79.4%	80.0%	82.2%

Balance Sheet (USD)

Metric	2018	2019	2020	2021	2022
Total Assets	$3.5B	$3.7B	$3.6B	$3.5B	$3.0B
Total Liabilities	$1.3B	$1.3B	$1.3B	$1.3B	$1.2B
Cash	$0	$0	$0	$0	$0
Borrowings	$0	$1.3B	$1.3B	$1.3B	$1.2B

Cash Flow (USD)

Metric	2018	2019	2020	2021	2022
Operating Cash Flow	$111.0M	$89.0M	$114.0M	$99.0M	$142.0M
Investing Cash Flow	$0	$0	$0	$0	$0
Financing Cash Flow	$-116.0M	$5.0M	$-23.0M	$-4.0M	$-57.0M
Net Cash Flow	$0	$0	$0	$0	$0
Free Cash Flow	$111.0M	$89.0M	$114.0M	$99.0M	$142.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	-0.02
EV / EBITDA	29.23
FCF Yield	7.45%
Quick Ratio	3.11
Interest Coverage	0.00
Return 1Y	5.19%
Return 3Y	11.50%
Return 5Y	3.79%

Peer Comparison

Ticker	Price	Change	P/E	Market Cap	Div Yield
AAPLApple Inc.	$313.33	+0.29%	37.72	$4.60T	0.34%
MSFTMicrosoft Corporation	$499.99	+0.03%	22.95	$3.71T	0.94%
GOOGLAlphabet Inc.	$354.30	-0.96%	27.68	$4.29T	0.23%
AMZNAmazon.com, Inc.	$274.48	+0.82%	28.76	$2.95T	0.00%
METAMeta Platforms, Inc.	$592.10	+0.37%	21.47	$1.51T	0.35%

About Fidelity California Municipal Income

Fidelity California Municipal Income is headquartered in US.

Fidelity California Municipal Income (FCTFX) stock trades at $12.22 with a market capitalization of $1.90B. The stock is valued at a price-to-earnings (P/E) ratio of -6.17, price-to-book of 0.98, price-to-sales of 14.54. Over the past 52 weeks the stock has ranged between $11.92 and $12.58, and currently trades 2.9% below its 52-week high. It pays a dividend yielding 3.27%.

On profitability, Fidelity California Municipal Income generates a return on equity (ROE) of -14.37%, return on capital employed of 3.54%, an operating margin of 82.17%, a net profit margin of -219.56%.

Official website: fundresearch.fidelity.com/mutual-funds/summary/316390772