EMD

Western Asset Emerging Markets Debt Fund Inc.

Fundamental data last updated:September 27, 2026

We may earn a commission from partner links. This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate.

company profile

SECTOR

Financial Services

industry

Asset Management

Exchange

NYSE

County of HQ

US

Next Earnings Date

Not Scheduled

Business Summary

Western Asset Emerging Markets Debt Fund Inc. is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe. It seeks to invest in fixed income securities issued by governments, government-related entities, and corporations which are of any maturity and quality. The fund employs fundamental analysis along with a top-down security picking approach focusing on factors like currency, inflation and interest rate trends, growth rate forecasts, liquidity of markets for that country's debt, political outlook, tax environment to create its portfolio. It benchmarks the performance of its portfolio against the JPMorgan Emerging Markets Bond Index Global. The fund was formerly known as Salomon Brothers Emerging Markets Debt Fund Inc. Western Asset Emerging Markets Debt Fund Inc. was formed on December 1, 2003 and is domiciled in the United States.

 


Analyze EMD on TradingView

VALUATION

P/E

6.17

Market Cap ($M USD)

$624.32M

Forward P/E

N/A

PEG

N/A

PRICE TO SALES

9.24

PRICE TO BOOK

0.96

EV / EBITDA

12.27

5-Year Average P/E

Free Cash Flow Yield

2.01%

DCF Value

$-1.78

Graham Number

$20.97

Price to FCF

49.73

EV to FCF

68.68

Earnings Yield

16.20%

FCF Yield

2.01%

DIVIDEND

Yield

10.57%

Annual Payout

$1.14

Payout Ratio

63.80%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$1.74

Next Year EPS Growth Estimate

N/A

Next Year Revenue Growth Estimate

N/A

Return on Equity (ROE)

15.86%

FREE CASH FLOW

Operating Margin

147.40%

Debt-to-Equity

0.37

Piotroski F-Score

6

Altman Z-Score

1.87

Return on Invested Capital (ROIC)

11.41%

Current Ratio

0.79

Quick Ratio

0.79

Net Debt to EBITDA

3.39

Interest Coverage

8.89

Gross Profit margin

94.09%

FCF PER SHARE

$0.22

REVENUE PER SHARE

$1.16

Analyze EMD on TradingView

Gainseekers Quantitative Analysis

Summary

EMD Western Asset Emerging Markets Debt Fund Inc. presents a perplexing valuation case. Despite a low Price/Book ratio of 0.95, indicating potential undervaluation, the DCF Value is negative, suggesting the market might be overestimating its intrinsic worth. The Earnings Yield of 16.24% is compelling, yet the Altman Z-score of 1.86 raises red flags about financial distress. With no Forward P/E available, future earnings visibility is murky, adding to the uncertainty. Overall, the stock’s valuation is a mixed bag, with some metrics hinting at value while others suggest caution.

AI Exposure / Tech Reliance

Operating within the Asset Management industry, EMD is not directly tied to AI or tech innovation. However, its financial services focus means it must adapt to digital transformation trends to remain competitive. The company's resilience will depend on its ability to integrate tech-driven efficiencies into its operations.

The Bull Case

For value or GARP investors, EMD offers enticing prospects. A robust ROIC of 11.41% and a Piotroski F-Score of 6 suggest efficient capital use and financial health. The operating margin of 147.40% underscores significant pricing power, while a TTM yield of 10.55% provides attractive income. These metrics paint a picture of a company with strong capital efficiency and potential for rewarding shareholders.

The Bear Case

Despite some strengths, EMD faces notable risks. The Price to FCF ratio of 49.60 and EV to FCF of 68.54 indicate poor cash flow efficiency, a critical concern for long-term sustainability. Trading close to its 52-week high, the stock appears technically overextended. Additionally, a Current Ratio of 0.79 highlights liquidity challenges, suggesting potential short-term financial strain.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

N/A

Average Analyst Price Target

N/A

Institutional Ownership %

1-Year Beta

0.84

Insider Buying % (6 Mo)

Distance to 52-Week High

5.21%

Distance to 52-Week Low

10.89%

EARNINGS SURPRISE %

N/A

50-DAY SMA

$10.47

200-DAY SMA

$10.57

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.