Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund Common Shares of Beneficial Interest (ETB)

FairStock Score: 52/100 — MIXED

Key Financials

Strengths

• Solid return on equity of 12.8% above cost of capital
• Altman Z-Score of 123.6 confirms minimal bankruptcy risk and strong solvency
• Attractive 8.2% dividend yield providing steady income returns

Concerns

• Weak Piotroski F-Score of 1/9 suggests deteriorating financial quality across multiple dimensions

AI Analysis

Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund Common Shares of Beneficial Interest is a micro-cap financial services company valued at $443 million. Revenue stands at $6 million. From a quality standpoint, Eaton shows weak Piotroski F-Score of 1/9 signaling deteriorating fundamentals and Altman Z-Score of 123.6 confirms fortress-level solvency. On valuation, the stock is deeply undervalued on a P/E basis at 7.4x, with offers a 45% margin of safety vs Graham Number of $27. The 8.2% dividend yield adds an income component for patient holders. Our composite FairStock Score of 52/100 reflects mixed fundamentals overall. Investors should weigh the business quality against the current price and their own margin of safety requirements.

Bull Case

The market underappreciates Eaton's consistent 13% ROE at just 7x earnings—a re-rating toward sector peers could unlock 30-50% upside. Operational leverage in the business model means incremental revenue growth could disproportionately boost bottom-line profitability.

Bear Case

Macro headwinds or sector-specific disruption could pressure margins, particularly if competitive intensity increases in the financial services space. Regulatory changes, input cost inflation, or demand normalization represent underappreciated risks that could materially impact forward estimates.

Data from SEC filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer