Western Asset Intermediate Muni Fund Inc Common Stock (SBI)

FairStock Score: 35/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I see SBI as a closed-end municipal bond fund, not an operating company. It invests in U.S. fixed-income markets, primarily investment-grade municipal securities, aiming for federal tax-exempt income. At the close on 2026-10-13, the price was $7.06 against a market cap of $108.4M. FairStock's P/B is 0.83, so the fund trades below reported net assets; its Graham Number is $10.83, implying a 34.81% margin of safety, and the dividend yield is 6.90%. Those are classic Graham attractions. But quality and health are mixed. FairStock shows ROE of 7.27%, ROCE of 1.49%, D/E of 0.42, a Piotroski F-Score of 1/9, and an Altman Z-Score of 1.23. The F-Score and Z-Score warn of weak financial strength, even if closed-end fund accounting makes them imperfect. The beta is 0.39, so price swings have been mild, but low volatility is not the same as low credit or rate risk. Growth is not measurable: revenue and profit growth are N/A, and the Lynch category is none because only 0 years of filed results are available and 3 are needed. The moat for a muni fund is not brand but manager research, access, and tax exemption. A discount to book and a high yield may reward patience if distributions hold, but I would need stable NAV and covered payouts before calling it a true bargain.

In plain English: This is a closed-end fund that owns U.S. municipal bonds, mostly investment grade, and seeks federal tax-free income. The numbers show a high dividend and a price below what its assets and earnings suggest, but its financial health signals look weak. Overall, it looks somewhat cheap but risky.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer