Stock fact sheet · data as of
BlackRock MuniYield Michigan Quality Fund, Inc. (MIY): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · High Growth
Is MIY undervalued?
BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) closed at 11.70 on 16 Oct 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 28.04, which puts the price 58% below it. 6 of the 8 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between DDM (9.62) and GLS Growth (64.91). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files MIY under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for MIY
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 17.01 | +45% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 60.65 | +418% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 26.51 | +127% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 64.91 | +455% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 11.36 | -3% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 22.50 | +92% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 9.62 | -18% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 11.78 | +1% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -7.64 | -165% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
BlackRock MuniYield Michigan Quality Fund, Inc. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 3.5/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 5.3%, ROE 8.7%, ROA 5.2% - with debt at 0.66 times equity and a free-cash-flow yield of 4.9%.
The dividend yield is high at 5.59% (payout ratio 56%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 2/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 5.3% |
|---|---|---|---|
| GLS Moat | 3.5 / 10 | ROE | 8.7% |
| Debt / equity | 0.66 | ROA | 5.2% |
| Free-cash-flow yield | 4.9% | Payout ratio | 56% |
| Institutions | 2 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
No options are listed on BlackRock MuniYield Michigan Quality Fund, Inc. in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 57k shares a day on a market cap of $339M, with a beta of 0.50 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 58% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 5 / 15 | moat 3.5/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 57k shares/day, $339M cap, beta 0.50 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for MIY in the nightly calendar. The shares go ex-dividend on 13 Nov 2026 (0.0545 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to BlackRock MuniYield Michigan Quality Fund, Inc. by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| AONIX American Century One Choice Portfolio: Very Conservative;Investor | 11.91 | 9.08 | -31% | 18No options | $338M |
| BCSSX Brown Capital Management Small Company Fund | 27.97 | 676.60 | +96% | 39No options | $340M |
| WPOIX Weitz Partners III Opportunity Fund | 12.12 | 137.33 | +91% | 39No options | $338M |
| CION CION Investment Corporation | 6.94 | 13.22 | +48% | 76Good | $341M |
| CCAP Crescent Capital BDC, Inc. | 9.13 | 47.59 | +81% | 45Weak | $336M |
| JOF Japan Smaller Capitalization Fund, Inc. | 12.08 | 142.32 | +92% | 39No options | $342M |
| FNORX Fidelity Investment Trust - Fidelity Nordic Fund | 68.73 | 8,442.71 | +99% | 39No options | $336M |
| TCPC BlackRock TCP Capital Corp. | 4.08 | 53.22 | +92% | 45Weak | $342M |
| ACUSX Advisors Capital Total Return – Equity | 15.42 | 47.73 | +68% | 39No options | $343M |
| FOF Cohen & Steers Closed-End Opportunity Fund, Inc. | 12.34 | 57.71 | +79% | 35No options | $343M |
| SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 18.63 | 50.17 | +63% | 39No options | $335M |
| EDD Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | 5.38 | 21.68 | +75% | 39No options | $347M |
⚖ Compare MIY with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about MIY
Is MIY undervalued right now?
By the GLS models, yes: at 11.70 the stock is 58% below the average fair value of 28.04 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of MIY and what does it mean?
MIY has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for MIY?
28.04 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does BlackRock MuniYield Michigan Quality Fund, Inc. report earnings next?
No upcoming earnings date is recorded for MIY in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does MIY have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on MIY, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.