| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
NMCO Stock Overview
No business description
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$14.97 |
| 52 Week High | US$17.31 |
| 52 Week Low | US$13.56 |
| Beta | 0.38 |
| 1 Month Change | -5.13% |
| 3 Month Change | -1.71% |
| 1 Year Change | 10.16% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -2.09% |
Recent News & Updates
Nuveen Municipal Credit Opportunities Fund declares $0.062 dividend
Nuveen Municipal Credit Opportunities Fund (NMCO) declares $0.062/share monthly dividend, in line with previous.Forward yield 4.98%Payable June 1; for shareholders of record May 14; ex-div May 13.See NMCO Dividend Scorecard, Yield Chart, & Dividend Growth.
Nuveen Municipal Credit Opportunities Fund declares $0.062 dividend
Nuveen Municipal Credit Opportunities Fund (NMCO) declares $0.062/share monthly dividend, in line with previous.Forward yield 5.73%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See NMCO Dividend Scorecard, Yield Chart, & Dividend Growth.
Nuveen Municipal Credit Opportunities Fund declares $0.062 dividend
Nuveen Municipal Credit Opportunities Fund (NMCO) declares $0.062/share monthly dividend, in line with previous.Forward yield 5.79%Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14.See NMCO Dividend Scorecard, Yield Chart, & Dividend Growth.
Nuveen Municipal Credit Opportunities Fund declares $0.062 dividend
Nuveen Municipal Credit Opportunities Fund (NMCO) declares $0.062/share monthly dividend, in line with previous.Forward yield 6.26%Payable Dec. 1; for shareholders of record Nov. 13; ex-div Nov. 12.See NMCO Dividend Scorecard, Yield Chart, & Dividend Growth.
Shareholder Returns
| NMCO | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -3.4% | -1.6% | -0.5% |
| 1Y | 10.2% | 30.2% | 13.7% |
Return vs Industry: NMCO underperformed the US Capital Markets industry which returned 30.2% over the past year.
Return vs Market: NMCO underperformed the US Market which returned 13.7% over the past year.
Price Volatility
| NMCO volatility | |
|---|---|
| NMCO Average Weekly Movement | 1.4% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
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.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | n/a | n/a |
Nuveen Municipal Credit Opportunities Fund Fundamentals Summary
| NMCO fundamental statistics | |
|---|---|
| Market Cap | US$797.69m |
| Earnings (TTM) | US$181.24m |
| Revenue (TTM) | US$61.21m |
4.4x
P/E Ratio13.0x
P/S RatioIs NMCO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NMCO income statement (TTM) | |
|---|---|
| Revenue | US$61.21m |
| Cost of Revenue | US$0 |
| Gross Profit | US$61.21m |
| Expenses | -US$120.03m |
| Earnings | US$181.24m |
Last Reported Earnings
Oct 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.40 |
| Gross Margin | 100.00% |
| Net Profit Margin | 296.11% |
| Debt/Equity Ratio | 57.6% |
How did NMCO perform over the long term?
See historical performance and comparisonDividends
5.0%
Current Dividend Yield22%
Payout RatioValuation
Is Nuveen Municipal Credit Opportunities Fund undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NMCO ($14.97) is trading below our estimate of fair value ($40.32)
Significantly Below Fair Value: NMCO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NMCO is good value based on its PE Ratio (4.4x) compared to the US Capital Markets industry average (15.9x).
PE vs Market: NMCO is good value based on its PE Ratio (4.4x) compared to the US market (17.4x).
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 (1x) compared to the US Capital Markets industry average (42.4x).
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?
3.7%
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?
10.8%
Last years revenue growth
Earnings and Revenue History
Quality Earnings: NMCO has a large one-off gain of $137.4M impacting its October 31 2021 financial results.
Growing Profit Margin: NMCO became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if NMCO's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: NMCO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NMCO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).
Return on Equity
High ROE: NMCO's Return on Equity (22%) is considered high.
Financial Health
How is Nuveen Municipal Credit Opportunities Fund's financial position?
Financial Position Analysis
Short Term Liabilities: NMCO's short term assets ($25.6M) exceed its short term liabilities ($4.6M).
Long Term Liabilities: NMCO's short term assets ($25.6M) do not cover its long term liabilities ($474.7M).
Debt to Equity History and Analysis
Debt Level: NMCO's net debt to equity ratio (57.2%) is considered high.
Reducing Debt: Insufficient data to determine if NMCO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NMCO's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: NMCO's interest payments on its debt are well covered by EBIT (10.2x coverage).
Balance Sheet
Dividend
What is Nuveen Municipal Credit Opportunities Fund current dividend yield, its reliability and sustainability?
4.97%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NMCO's dividend (4.97%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: NMCO's dividend (4.97%) is in the top 25% of dividend payers in the US market (3.44%)
Stability and Growth of Payments
Stable Dividend: NMCO has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NMCO has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.9%), NMCO's dividend payments are well covered by earnings.
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.
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 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
- Implied Market Cap: US$797.693m
- Shares outstanding: 53.29m
Location
- Nuveen Municipal Credit Opportunities Fund
- 333 West Wacker Drive
- 30th Floor
- Chicago
- Illinois
- 60606
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:18 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/10/31 |
| Annual Earnings | 2021/10/31 |
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.