BNY Mellon Strategic Municipals, Inc. Financial Ratios — LEO

Profitability (USD)

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Return on Common Equity (%)	- -	41.72	167.33	18.07	121.24	- -	- -	- -	- -
Return on Assets (%)	- -	0.63	6.29	0.94	5.76	-14.99	0.79	11.3	-1.98
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	96.46	97.28	100.07	100.8	100.02	100.03	99.29	100.07	99.42
Profit Margin (%)	96.46	97.28	100.07	100.8	100.02	100.03	99.29	100.07	99.42
Net Income to Common Margin (%)	48.21	58.4	96.15	85.55	99.82	100.74	34.89	100.07	99.42
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	1,606.99	-66.59	46.97	367.47	53.91	-17.81	805.34	19.32	-114.13
Sustainable Growth Rate (%)	- -	69.49	88.74	-48.33	55.88	- -	- -	- -	- -

Credit (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Total Debt	149	229	246	223	196	175	141	140	139
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	149	229	246	223	196	175	141	140	139
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	0.02	1.8	5.34	3.45	6.03	-12.83	-16.12	-6.1	-10.77
Long-Term Debt/Equity (%)	27.72	44.55	45.6	42.74	36.11	42.87	36.06	31.02	32.84
Long-Term Debt/Capital (%)	51.01	70.98	66.29	67.47	60.41	103.8	346.31	141.82	200.28
Long-Term Debt/Total Assets (%)	17.93	27.79	28.4	27.03	23.88	26.29	22.67	20.7	21.51
Total Debt/Equity (%)	27.72	44.55	45.6	42.74	36.11	42.87	36.06	31.02	32.84
Total Debt/Capital (%)	51.01	70.98	66.29	67.47	60.41	103.8	346.31	141.82	200.28
Total Debt/Total Assets (%)	17.93	27.79	28.4	27.03	23.88	26.29	22.67	20.7	21.51
Net Debt to Equity	-0.13	-0.01	-0.11	-0.1	-0.15	-1.02	-1.59	-0.77	-0.03
Net Debt/Capital (%)	-0.23	-0.01	-0.15	-0.16	-0.25	-2.54	-18	-3.66	-0.15
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	0.02	1.8	5.34	3.45	6.03	-12.83	-16.12	-6.1	-10.77
Long-Term Debt/Equity (%)	27.72	44.55	45.6	42.74	36.11	42.87	36.06	31.02	32.84
Long-Term Debt/Capital (%)	51.01	70.98	66.29	67.47	60.41	103.8	346.31	141.82	200.28
Long-Term Debt/Total Assets (%)	17.93	27.79	28.4	27.03	23.88	26.29	22.67	20.7	21.51
Total Debt/Equity (%)	27.72	44.55	45.6	42.74	36.11	42.87	36.06	31.02	32.84
Total Debt/Capital (%)	51.01	70.98	66.29	67.47	60.41	103.8	346.31	141.82	200.28
Total Debt/Total Assets (%)	17.93	27.79	28.4	27.03	23.88	26.29	22.67	20.7	21.51
CFO/Total Liabilities	10.25	29.11	9.62	10.12	18.91	17.58	22.93	5.69	5.68
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	1.09	0.94	1.12	1.06	1.31	0.54	0.4	1.1	0.88

Working Capital (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Market Capitalization	528	471	535	508	540	381	240	406	390
- Cash & Cash Equivalents	1	- -	1	1	1	4	6	3	- -
+ Preferred Equity and Hybrid Capital	142	79	79	79	79	79	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	149	229	246	223	196	175	141	140	139
Enterprise Value	818	779	860	809	814	630	375	542	529
Total Capital	291	323	371	330	324	168	41	99	69
Total Debt/Capital (%)	51.01	70.98	66.29	67.47	60.41	103.8	346.31	141.82	200.28
Total Debt / EV	0.18	0.29	0.29	0.28	0.24	0.28	0.38	0.26	0.26
EV/Sales	218.98	144.95	16.16	102.55	17.22	- -	72.72	7.38	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	27.3	8.62	27.31	26.41	15.51	13.94	7.05	42.3	41.79
EV/Free Cash Flow to Firm	27.3	8.62	27.31	26.41	15.51	13.94	7.05	42.3	41.79
Diluted Market Cap	528	471	535	508	540	381	240	406	390
Diluted Enterprise Value	818	779	860	809	814	630	375	542	529
EV per Share	13.63	12.41	13.78	13.19	13.11	10.07	8.34	8.7	8.48
TTM Sales	4	5	53	8	47	-111	5	73	-13
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	30	90	31	31	53	45	53	13	13
TTM Free Cash Flow to Firm	30	90	31	31	53	45	53	13	13

Multiples (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Price/Free Cash Flow	17.61	5.21	17	16.58	10.29	8.42	4.51	31.64	30.81
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	818	779	860	809	814	630	375	542	529
Low Price	8.17	7.33	7.01	5.83	7.97	6.02	5.23	4.98	5.55
EV/Sales	218.98	144.95	16.16	102.55	17.22	- -	72.72	7.38	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	293	150	10.46	75.27	11.45	- -	133.25	5.52	- -
Price/Earnings Average	291.25	160.44	9.6	74.05	11.44	-4.13	152.62	5.04	-28.93
Price/Earnings High	312.33	178.2	10.67	82	12.5	-4.92	166.5	5.63	-31.62
Price/Earnings Low	272.33	146.6	8.55	53	10.49	-3.36	130.75	4.22	-26.43
Price/Book Value	2,994.3	31.66	11.57	17.88	10.92	-4.46	-2.38	-9.82	-5.6
Price/Book Value Average	2,976.4	33.86	10.61	17.6	10.91	-5.43	-2.73	-8.97	-5.44
Price/Book Value High	3,191.87	37.61	11.8	19.48	11.93	-6.46	-2.98	-10.01	-5.95
Price/Book Value Low	2,783.1	30.94	9.45	12.59	10.01	-4.42	-2.34	-7.51	-4.97
Price/Tangible Book Value	1.34	1.08	1.16	1.15	1.17	1.16	0.61	0.9	0.92
Price/Tangible Book Value Average	1.33	1.15	1.07	1.13	1.17	1.41	0.7	0.82	0.89
Price/Tangible Book Value High	1.43	1.28	1.18	1.25	1.27	1.68	0.76	0.92	0.98
Price/Tangible Book Value Low	1.25	1.06	0.95	0.81	1.07	1.15	0.6	0.69	0.82
Price/Sales	141.26	87.59	10.06	64.4	11.43	-3.42	46.5	5.52	-29.59
Price/Sales Average	140.42	93.69	9.23	63.35	11.42	-4.16	53.26	5.05	-28.76
Price/Sales High	150.58	104.06	10.26	70.15	12.48	-4.95	58.1	5.63	-31.44
Price/Sales Low	131.3	85.61	8.22	45.34	10.47	-3.39	45.62	4.22	-26.28
Price/Cash Flow	17.61	5.21	17	16.58	10.29	8.42	4.51	31.64	30.81
Price/Cash Flow Average	17.51	5.57	15.6	16.31	10.28	10.25	5.17	28.93	29.94
Price/Cash Flow High	18.77	6.19	17.34	18.07	11.24	12.19	5.64	32.27	32.73
Price/Cash Flow Low	16.37	5.09	13.89	11.68	9.43	8.34	4.43	24.21	27.36
Price/Free Cash Flow Average	17.51	5.57	15.6	16.31	10.28	10.25	5.17	28.93	29.94
Price/Free Cash Flow High	18.77	6.19	17.34	18.07	11.24	12.19	5.64	32.27	32.73
Price/Free Cash Flow Low	16.37	5.09	13.89	11.68	9.43	8.34	4.43	24.21	27.36
EV/Sales Average	218.13	151.04	15.32	101.5	17.21	- -	79.48	6.91	- -
EV/Sales High	228.3	161.42	16.36	108.3	18.27	- -	84.32	7.49	- -
EV/Sales Low	209.01	142.96	14.32	83.49	16.26	- -	71.85	6.08	- -
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	8.79	7.5	8.58	8.28	8.7	6.08	5.33	6.51	6.25
High Price	9.37	8.91	8.75	9.02	9.5	8.8	6.66	6.64	6.64
Enterprise Value Average	815	812	816	801	814	713	410	507	518
Enterprise Value High	853	868	871	854	864	800	435	550	553
Enterprise Value Low	781	768	762	659	769	626	371	447	485

Shares Outstanding	62	62	62	62	62	62	62	62	62
Diluted Weighted Avg Shares	60	63	62	61	62	63	45	62	62
Basic Weighted Avg Shares	60	63	62	61	62	63	45	62	62
Revenue per Share	0.06	0.09	0.85	0.13	0.76	-1.78	0.11	1.18	-0.21
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.03	0.05	0.82	0.11	0.76	-1.79	0.04	1.18	-0.21
Basic EPS from Cont Ops	0.06	0.08	0.85	0.13	0.76	-1.78	0.11	1.18	-0.21
Diluted EPS, GAAP	0.03	0.05	0.82	0.11	0.76	-1.79	0.04	1.18	-0.21
Diluted EPS from Cont Ops	0.06	0.08	0.85	0.13	0.76	-1.78	0.11	1.18	-0.21
Dividend per Share	0.51	- -	0.42	0.42	0.41	0.33	0.4	0.23	0.24
Cash Flow per Share	0.5	1.44	0.5	0.5	0.85	0.72	1.18	0.21	0.2
Free Cash Flow per Basic Share	0.5	1.44	0.5	0.5	0.85	0.72	1.18	0.21	0.2
Cash & Equivalents per Share	0.01	- -	0.01	0.01	0.01	0.07	0.14	0.06	- -
Book Value per Share	- -	0.24	0.74	0.46	0.8	-1.36	-2.24	-0.66	-1.12
Tangible Book Value per Share	6.55	6.95	7.39	7.2	7.46	5.25	8.72	7.25	6.79

BNY Mellon Strategic Municipals, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)