Nuveen Municipal Credit Opportunities Fund
Market Cap
US$749.1m
Last Updated
2021/03/03 00:06 UTC
Data Sources
Company Financials
Executive Summary
Rewards
Snowflake Analysis
Share Price & News
How has Nuveen Municipal Credit Opportunities Fund's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NMCO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: NMCO's weekly volatility (1%) has been stable over the past year.
Market Performance
7 Day Return
1.4%
NMCO
1.0%
US Capital Markets
-0.7%
US Market
1 Year Return
-11.0%
NMCO
38.8%
US Capital Markets
36.6%
US Market
Return vs Industry: NMCO underperformed the US Capital Markets industry which returned 38.8% over the past year.
Return vs Market: NMCO underperformed the US Market which returned 36.6% over the past year.
Shareholder returns
| NMCO | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 1.0% | -0.7% |
| 30 Day | 0.4% | 10.8% | 4.3% |
| 90 Day | 9.7% | 17.0% | 8.1% |
| 1 Year | -5.9%-11.0% | 42.2%38.8% | 39.6%36.6% |
| 3 Year | n/a | 40.1%29.7% | 53.5%43.7% |
| 5 Year | n/a | 152.2%121.0% | 123.7%98.8% |
Long-Term Price Volatility Vs. Market
How volatile is Nuveen Municipal Credit Opportunities Fund's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Nuveen Municipal Credit Opportunities Fund undervalued compared to its fair value and its price relative to the market?
1.1x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate NMCO's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate NMCO's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: NMCO is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.
PE vs Market: NMCO is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NMCO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NMCO is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (15x).
Future Growth
How is Nuveen Municipal Credit Opportunities Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
13.7%
Forecasted Diversified Financials industry annual growth in earnings
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 Municipal Credit Opportunities 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 SimplyWall St do have past financial data.
Past Performance
How has Nuveen Municipal Credit Opportunities Fund performed over the past 5 years?
-264.3%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: NMCO is currently unprofitable.
Growing Profit Margin: NMCO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if NMCO's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare NMCO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NMCO is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (10.4%).
Return on Equity
High ROE: NMCO has a negative Return on Equity (-12.04%), as it is currently unprofitable.
Financial Health
How is Nuveen Municipal Credit Opportunities Fund's financial position?
Financial Position Analysis
Short Term Liabilities: NMCO's short term assets ($41.0M) exceed its short term liabilities ($7.7M).
Long Term Liabilities: NMCO's short term assets ($41.0M) do not cover its long term liabilities ($470.8M).
Debt to Equity History and Analysis
Debt Level: NMCO's debt to equity ratio (69%) is considered high.
Reducing Debt: Insufficient data to determine if NMCO's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NMCO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NMCO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Dividend
What is Nuveen Municipal Credit Opportunities Fund current dividend yield, its reliability and sustainability?
5.16%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NMCO's dividend (5.16%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: NMCO's dividend (5.16%) is in the top 25% of dividend payers in the US market (3.72%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether NMCO's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if NMCO's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: NMCO is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Management
How experienced are the management team and are they aligned to shareholders interests?
CEO
Nuveen Municipal Credit Opportunities Fund has no CEO, or we have no data on them.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Nuveen Municipal Credit Opportunities Fund's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Nuveen Municipal Credit Opportunities Fund
- Ticker: NMCO
- Exchange: NYSE
- Founded: NaN
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$749.062m
- Shares outstanding: 53.28m
Location
- Nuveen Municipal Credit Opportunities Fund
- 333 West Wacker Drive
- 30th Floor
- Chicago
- Illinois
- 60606
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NMCO | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Sep 2019 |
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 00:06 |
| End of Day Share Price | 2021/03/02 00:00 |
| Earnings | 2020/10/31 |
| Annual Earnings | 2020/10/31 |
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.