Nuveen Enhanced Municipal Value Fund
Nuveen Enhanced Municipal Value Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. More info.
Add to Portfolio Compare Print
- Nuveen Enhanced Municipal Value Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
- No market cap data available for Nuveen Enhanced Municipal Value Fund.
NEV Share Price and Events
7 Day Returns
1 Year Returns
NEV Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Nuveen Enhanced Municipal Value Fund (NEV) | -0.9% | -0.1% | 7% | 3.8% | -14.3% | -0.6% |
| US Capital Markets | 3.1% | 1% | 11.6% | -11% | 57.3% | 58.2% |
| US Market | 1.6% | 2.1% | 12.8% | 3.2% | 38.6% | 43.6% |
1 Year Return vs Industry and Market
- NEV outperformed the Capital Markets industry which returned -11% over the past year.
Price Volatility
Related Companies
NEV Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
In this section, we usually try to help investors determine whether Nuveen Enhanced Municipal Value Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Nuveen Enhanced Municipal Value Fund has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.
Show me the analysis anyway
- It is not possible to calculate the future cash flow value for Nuveen Enhanced Municipal Value Fund. This is due to cash flow or dividend data being unavailable. The share price is $13.82.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Nuveen Enhanced Municipal Value Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Nuveen Enhanced Municipal Value Fund's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings () in USD | Not available |
| NYSE:NEV Share Price ** | NYSE (2019-03-19) in USD | $13.82 |
| United States of America Capital Markets Industry PE Ratio | Median Figure of 76 Publicly-Listed Capital Markets Companies | 24.96x |
| United States of America Market PE Ratio | Median Figure of 3,056 Publicly-Listed Companies | 17.77x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Nuveen Enhanced Municipal Value Fund.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to compare the PE ratio to the industry average as no data exists.
- Unable to calculate PE ratio for Nuveen Enhanced Municipal Value Fund, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Nuveen Enhanced Municipal Value Fund's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 0x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| United States of America Capital Markets Industry PEG Ratio | Median Figure of 33 Publicly-Listed Capital Markets Companies | 2.21x |
| United States of America Market PEG Ratio | Median Figure of 2,107 Publicly-Listed Companies | 1.49x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Nuveen Enhanced Municipal Value Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Nuveen Enhanced Municipal Value Fund's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings () in USD | Not available |
| NYSE:NEV Share Price * | NYSE (2019-03-19) in USD | $13.82 |
| United States of America Capital Markets Industry PB Ratio | Median Figure of 149 Publicly-Listed Capital Markets Companies | 4.83x |
| United States of America Market PB Ratio | Median Figure of 5,154 Publicly-Listed Companies | 1.89x |
* Primary Listing of Nuveen Enhanced Municipal Value Fund.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to compare the PB ratio to the industry average as no data exists.
Value checks
We assess Nuveen Enhanced Municipal Value Fund's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check) Nuveen Enhanced Municipal Value Fund has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
NEV Future Performance
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nuveen Enhanced Municipal Value Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Unable to compare Nuveen Enhanced Municipal Value Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Nuveen Enhanced Municipal Value Fund's earnings growth to the United States of America market average as no estimate data is available.
- Unable to compare Nuveen Enhanced Municipal Value Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| United States of America Capital Markets Industry Earnings Growth Rate | Market Cap Weighted Average | 6.4% |
| United States of America Capital Markets Industry Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings () | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings () | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Nuveen Enhanced Municipal Value Fund Company Filings, last reported , and in Trailing twelve months (TTM) annual period rather than quarterly.
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Nuveen Enhanced Municipal Value Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Nuveen Enhanced Municipal Value Fund's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Nuveen Enhanced Municipal Value Fund has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
NEV Past Performance
How has Nuveen Enhanced Municipal Value Fund performed over the past 5 years?
In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Nuveen Enhanced Municipal Value Fund has not provided sufficient past data to assess its track record.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data. You can see them here.
Show me the analysis anyway
- No data on Nuveen Enhanced Municipal Value Fund's last earnings update.
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Insufficient past earnings data to establish if Nuveen Enhanced Municipal Value Fund's year on year earnings growth rate was positive over the past 5 years.
- Unable to compare Nuveen Enhanced Municipal Value Fund's 1-year growth to the 5-year average as past earnings data has not been reported.
- Unable to compare Nuveen Enhanced Municipal Value Fund's 1-year growth to the US Capital Markets industry average as past earnings data has not been reported.
Earnings and Revenue History
All data from Nuveen Enhanced Municipal Value Fund Company Filings, last reported , and in Trailing twelve months (TTM) annual period rather than quarterly.
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Unable to establish if Nuveen Enhanced Municipal Value Fund has efficiently used shareholders’ funds last year as no Return on Equity data is available.
- Unable to establish if Nuveen Enhanced Municipal Value Fund has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as past financial data has not been reported.
- Unable to establish if Nuveen Enhanced Municipal Value Fund improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Nuveen Enhanced Municipal Value Fund's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Nuveen Enhanced Municipal Value Fund has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
NEV Health
How is Nuveen Enhanced Municipal Value Fund's financial health and their level of debt?
In this section we usually analyse Nuveen Enhanced Municipal Value Fund's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Nuveen Enhanced Municipal Value Fund has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information. You can see them here.
Show me the analysis anyway
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Nuveen Enhanced Municipal Value Fund's finances.
The net worth of a company is the difference between its assets and liabilities.
- Unable to compare short term assets to short term liabilities as Nuveen Enhanced Municipal Value Fund has not reported sufficient balance sheet data.
- Unable to establish if Nuveen Enhanced Municipal Value Fund's long term commitments exceed its cash and other short term assets as Nuveen Enhanced Municipal Value Fund has not reported sufficient balance sheet data.
Balance sheet
Assets
Liabilities and shares
- Unable to establish if Nuveen Enhanced Municipal Value Fund has a high level of physical assets or inventory without balance sheet data.
- Unable to verify if debt is covered by short term assets as Nuveen Enhanced Municipal Value Fund has not reported sufficient balance sheet data.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
- Unable to establish if Nuveen Enhanced Municipal Value Fund's level of debt is high without past debt data.
- Unable to establish if Nuveen Enhanced Municipal Value Fund's debt level has increased without past 5-year debt data.
- Unable to verify if debt is well covered by operating cash flow as Nuveen Enhanced Municipal Value Fund has not reported sufficient balance sheet data.
- Unable to confirm if the interest payments on Nuveen Enhanced Municipal Value Fund's debt are well covered by earnings due to lack of past financial data.
Financial health checks
We assess Nuveen Enhanced Municipal Value Fund's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Nuveen Enhanced Municipal Value Fund has a total score of 0/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
NEV Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Nuveen Enhanced Municipal Value Fund
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Nuveen Enhanced Municipal Value Fund's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Nuveen Enhanced Municipal Value Fund's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Capital Markets Industry Average Dividend Yield | Market Cap Weighted Average of 43 Stocks | 2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Nuveen Enhanced Municipal Value Fund has not reported any payouts.
- Unable to verify if Nuveen Enhanced Municipal Value Fund's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Nuveen Enhanced Municipal Value Fund's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Nuveen Enhanced Municipal Value Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Nuveen Enhanced Municipal Value Fund has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
NEV Management
CEO
| AGE | 62 |
CEO Bio
Mr. Gifford Ross Zimmerman, also known as Giff, serves as an Assistant Secretary at Nuveen Securities, LLC and has been a Managing Director since 2002. Mr. Zimmerman is the Co-General Counsel at Nuveen Fund Advisors, LLC. He has also been a Managing Director at Nuveen Investments, Inc. since 2004 and served as an Assistant Secretary since 1994. He has been a Managing Director, Assistant Secretary, and Associate General Counsel at Nuveen Asset Management Inc. since 2011. Mr. Zimmerman has been the Managing Director, Associate General Counsel, and Assistant Secretary at Symphony Asset Management LLC since 2003. He has been a Vice President and Assistant Secretary at Santa Barbara Asset Management LLC, Tradewinds Global Investors, LLC since 2006, and Winslow Capital Management Inc. since 2010. Mr. Zimmerman serves as a Vice President and Assistant Secretary at NWQ Investment Management Company, LLC. He has been a Vice President and Assistant Secretary of Nuveen Commodities Asset Management, LLC since 2013 and previously was the Chief Compliance Officer from 2010 to December 2012, Chief Administrative Officer from 2006 to 2013, and President until August 2011. Previously, Mr. Zimmerman served as a Managing Director, Associate General Counsel, and Assistant Secretary of Rittenhouse Asset Management Inc since May 2003. He served as a Managing Director, Assistant Secretary, and General Counsel at Nuveen Advisory Corp. Mr. Zimmerman served as a Vice President at Nuveen Investments Advisers, Inc. He served as the General Counsel and Assistant Secretary at Nuveen Institutional Advisory Corp. from 1998 to 2004. Mr. Zimmerman holds the Chartered Financial Analyst designation. He holds a J.D. in Law from University of Michigan Law School from 1979 to 1982 and a B.A. in Political Science from University of Illinois at Urbana-Champaign form 1974 to 1979.
CEO Compensation
- Insufficient data for Giff to compare compensation growth.
- Insufficient data for Giff to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team
Giff Zimmerman
Co-General Counsel
62
Stephen Foy
Principal Financial & Accounting Officer
64
Walter Kelly
Chief Compliance Officer and Vice President
48
Kevin McCarthy
Vice President and Secretary
52
Scott Grace
Vice President and Treasurer
48
Cedric Antosiewicz
Vice President
56
Tina Lazar
Vice President
57
Lorna Ferguson
Vice President
73
Kathleen Prudhomme
Vice President and Assistant Secretary
65
Joel Slager
Vice President and Assistant Secretary
40
Board of Directors Tenure
Average tenure and age of the Nuveen Enhanced Municipal Value Fund board of directors in years:
- The average tenure for the Nuveen Enhanced Municipal Value Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Bill Schneider
Chairman
$942
74
5.7 yrs
Judith Stockdale
Independent Trustee
$782
71
22.2 yrs
Jack Evans
Independent Trustee
$773
70
20.2 yrs
William Hunter
Independent Trustee
$686
70
15.2 yrs
Carole Stone
Independent Trustee
$791
71
12.2 yrs
Terry Toth
Independent Trustee
$839
59
11.2 yrs
Robert Bremner
Independent Trustee
$936
78
23.2 yrs
Bill Adams
62
5.5 yrs
David Kundert
Independent Trustee
$854
76
14.2 yrs
Virginia Stringer
Independent Trustee
$722
74
8.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Nuveen Enhanced Municipal Value Fund's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Nuveen Enhanced Municipal Value Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
NEV Company Info
Description
Nuveen Enhanced Municipal Value Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes. It seeks to invest in investment grade securities with an average maturity of around 23.00 years. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against Standard & Poor’s (S&P) National Municipal Bond Index. Nuveen Dividend Advantage Municipal Fund 3 was formed on July 27, 2009 and is domiciled in the United States.
Details
| Name: | Nuveen Enhanced Municipal Value Fund |
| NEV | |
| Exchange: | NYSE |
| Founded: | 2009 |
| $0 | |
| 0 | |
| Website: | http://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NEV&refsrc=vu_nuveen.com/nev |
| Address: |
Nuveen Enhanced Municipal Value Fund 333 West Wacker Drive, Chicago, Illinois, 60606, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | NEV | COM | New York Stock Exchange | US | USD | 25. Sep 2009 |
Number of employees
Current staff
Industry
| Asset Management and Custody Banks | |
| Diversified Financials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/20 00:16 |
| End of day share price update: | 2019/03/19 00:00 |
| Last earnings filing: | N/A |
| Last earnings reported: | N/A |
| Last annual earnings reported: | N/A |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
