Cameron Intl Corp. (CAM) Fund Overview

Cameron Intl Corp. (CAM) Financial Services Profile

Cameron Intl Corp. is an actively-managed ETF focused on California municipal securities, targeting tax-exempt income for investors. With a market capitalization of $2.97 billion and a dividend yield of 0.56%, the fund offers exposure to the California municipal bond market.

What Is the Investment Thesis for CAM?

Cameron Intl Corp. presents a focused investment opportunity within the California municipal bond market. The fund's strategy of investing at least 80% of its assets in California municipal securities offers tax advantages for California residents. With a market capitalization of $2.97 billion, the fund's performance is closely tied to the creditworthiness and economic health of California municipalities. The fund's dividend yield of 0.56% and a P/E ratio of 92.51 reflect its income-generating potential and valuation relative to earnings. A beta of 0.58 suggests lower volatility compared to the broader market. Growth catalysts include increased demand for tax-exempt income and favorable developments in California's municipal finance landscape. However, potential risks include interest rate fluctuations and credit risk associated with California municipal bonds.

Based on FMP financials and quantitative analysis

CAM Key Highlights

Market capitalization of $2.97 billion, indicating a significant presence in the municipal bond ETF market.

• P/E ratio of 92.51, reflecting the valuation of the fund relative to its earnings.
• Profit margin of 1.6%, showcasing the fund's profitability in managing its investments.
• Gross margin of 30.2%, indicating the efficiency of the fund's investment strategies.
• Dividend yield of 0.56%, providing a steady income stream for investors seeking tax-exempt returns.

Who Are CAM's Competitors?

CAM is benchmarked below against 3 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are CAM's Key Strengths?

Focus on California municipal securities.

• Tax-exempt income stream.
• Actively managed portfolio.
• ETF structure provides liquidity.

What Are CAM's Weaknesses?

Non-diversified nature increases risk.

• Performance is tied to the economic health of California.
• Subject to interest rate risk.
• Higher expense ratio compared to passively managed ETFs.

What Are the Key Risks for CAM?

Rich valuation — a P/E of 92.51 runs well above the Financial Services sector’s ~17.20x, leaving little room for a miss.

• Rising interest rates could decrease the value of municipal bonds.
• Credit downgrades of California municipal bonds could negatively impact performance.
• Changes in tax laws could reduce the attractiveness of tax-exempt income.
• Non-diversified nature increases risk compared to diversified funds.

What Are CAM's Competitive Advantages?

• Focus on California municipal securities provides a niche market.
• Tax-exempt income stream is attractive to California residents.
• Actively managed portfolio allows for flexibility in responding to market changes.
• ETF structure provides liquidity and transparency.

What Does CAM Do?

Cameron Intl Corp. is an actively-managed Exchange Traded Fund (ETF) designed to provide investors with exposure to the municipal bond market, with a specific focus on securities issued within the State of California. The fund was established to offer a vehicle for investors seeking tax-exempt income, primarily through investments in municipal bonds that are exempt from California state income tax. The fund operates under the fundamental policy of investing at least 80% of its net assets in municipal securities. Furthermore, it concentrates its investments by allocating at least 80% of its net assets to municipal securities issued by the State of California or its political subdivisions. This targeted approach aims to maximize the tax benefits for California-based investors. As a non-diversified fund, Cameron Intl Corp. may have a higher degree of risk compared to diversified funds, as its performance is closely tied to the economic and financial conditions within California and the municipal bond market. The fund's investment strategy is actively managed, meaning that the portfolio composition is subject to change based on the investment manager's assessment of market conditions and opportunities. This active management seeks to optimize returns and manage risks within the constraints of the fund's investment policies.

What Products and Services Does CAM Offer?

• Invests primarily in municipal securities.
• Focuses on municipal bonds issued by the State of California or its political subdivisions.
• Aims to provide tax-exempt income for California residents.
• Actively manages the portfolio to optimize returns.
• Operates as a non-diversified fund.
• Offers exposure to the California municipal bond market through an ETF structure.

How Does CAM Make Money?

• Generates income from interest payments on municipal bonds.
• Distributes income to shareholders in the form of dividends.
• Manages the portfolio to maximize returns and minimize risks.
• Charges a management fee for its services.

What Industry Does CAM Operate In?

Cameron Intl Corp. operates within the municipal bond market, a segment of the fixed-income market focused on debt securities issued by state and local governments. The municipal bond market is influenced by factors such as interest rates, credit ratings, and economic conditions within specific regions. The demand for municipal bonds is driven by investors seeking tax-exempt income, particularly those in high-tax states like California. The competitive landscape includes other municipal bond ETFs and mutual funds, each with varying investment strategies and regional focuses. Cameron Intl Corp. differentiates itself by concentrating its investments in California municipal securities.

Who Are CAM's Key Customers?

• Individual investors seeking tax-exempt income.
• California residents looking to reduce their state income tax burden.
• Financial advisors seeking to provide tax-efficient investment solutions for their clients.
• Institutional investors seeking exposure to the California municipal bond market.

Return on equity for Cameron Intl Corp. stands at 3.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.2%, showing how much profit it generates from its asset base. CAM trades at a trailing price-to-earnings ratio of 92.51, above the Financial Services sector average of ~17.20x. Its free cash flow yield is 23.1%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.22 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 1.1%, the inverse of the P/E and a quick read on earnings relative to price.

CAM Financials

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CAM Analyst Consensus

CAM MoonshotScore

Cameron Intl Corp. Financials Stock: Key Questions Answered

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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