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NMCO

Nuveen Municipal Credit Opportunities FundNYSE:NMCO Stock Report

Last Price

US$14.97

Market Cap

US$797.7m

7D

-3.4%

1Y

10.2%

Updated

16 Jan, 2022

Data

Company Financials
NMCO fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends3/6

NMCO Stock Overview

No business description

Price History & Performance

Summary of all time highs, changes and price drops for Nuveen Municipal Credit Opportunities Fund
Historical stock prices
Current Share PriceUS$14.97
52 Week HighUS$17.31
52 Week LowUS$13.56
Beta0.38
1 Month Change-5.13%
3 Month Change-1.71%
1 Year Change10.16%
3 Year Changen/a
5 Year Changen/a
Change since IPO-2.09%

Recent News & Updates

May 10

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.

Jan 05

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.

Dec 02

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.

Nov 03

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

NMCOUS Capital MarketsUS Market
7D-3.4%-1.6%-0.5%
1Y10.2%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

Is NMCO's price volatile compared to industry and market?
NMCO volatility
NMCO Average Weekly Movement1.4%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
n/an/an/a

Nuveen Municipal Credit Opportunities Fund Fundamentals Summary

How do Nuveen Municipal Credit Opportunities Fund's earnings and revenue compare to its market cap?
NMCO fundamental statistics
Market CapUS$797.69m
Earnings (TTM)US$181.24m
Revenue (TTM)US$61.21m

4.4x

P/E Ratio

13.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NMCO income statement (TTM)
RevenueUS$61.21m
Cost of RevenueUS$0
Gross ProfitUS$61.21m
Expenses-US$120.03m
EarningsUS$181.24m

Last Reported Earnings

Oct 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.40
Gross Margin100.00%
Net Profit Margin296.11%
Debt/Equity Ratio57.6%

How did NMCO perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

22%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:18
End of Day Share Price2022/01/14 00:00
Earnings2021/10/31
Annual Earnings2021/10/31


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.