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NXN

Nuveen New York Select Tax-Free Income Portfolio NYSE:NXN Stock Report

Last Price

US$11.82

Market Cap

US$46.4m

7D

3.1%

1Y

-15.6%

Updated

25 May, 2022

Data

Company Financials
NXN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends2/6

NXN Stock Overview

Nuveen New York Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc.

Nuveen New York Select Tax-Free Income Portfolio Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Nuveen New York Select Tax-Free Income Portfolio
Historical stock prices
Current Share PriceUS$11.82
52 Week HighUS$14.50
52 Week LowUS$11.31
Beta0.21
1 Month Change-2.64%
3 Month Change-11.33%
1 Year Change-15.63%
3 Year Change-14.78%
5 Year Change-14.41%
Change since IPO-21.20%

Recent News & Updates

May 10

Nuveen New York Select Tax-Free Income Portfolio declares $0.0345 dividend

Nuveen New York Select Tax-Free Income Portfolio (NXN) declares $0.0345/share monthly dividend, in line with previous.Forward yield 2.92%Payable June 1; for shareholders of record May 14; ex-div May 13.See NXN Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

Nuveen New York Select Tax-Free Income Portfolio declares $0.037 dividend

Nuveen New York Select Tax-Free Income Portfolio (NXN) declares $0.037/share monthly dividend, -6.3% decrease from prior dividend of $0.040.Forward yield 3.17%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See NXN Dividend Scorecard, Yield Chart, & Dividend Growth.

Dec 02

Nuveen New York Select Tax-Free Income Portfolio declares $0.0395 dividend

Nuveen New York Select Tax-Free Income Portfolio (NXN) declares $0.0395/share monthly dividend, in line with previous.Forward yield 3.6%Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14.See NXN Dividend Scorecard, Yield Chart, & Dividend Growth.

Nov 03

Nuveen New York Select Tax-Free Income Portfolio declares $0.0395 dividend

Nuveen New York Select Tax-Free Income Portfolio (NXN) declares $0.0395/share monthly dividend, in line with previous.Forward yield 3.56%Payable Dec. 1; for shareholders of record Nov. 13; ex-div Nov. 12.See NXN Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

NXNUS Capital MarketsUS Market
7D3.1%3.3%1.0%
1Y-15.6%-13.5%-15.1%

Return vs Industry: NXN underperformed the US Capital Markets industry which returned -14% over the past year.

Return vs Market: NXN underperformed the US Market which returned -13.2% over the past year.

Price Volatility

Is NXN's price volatile compared to industry and market?
NXN volatility
NXN Average Weekly Movement2.1%
Capital Markets Industry Average Movement0.4%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: NXN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: NXN's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992n/an/ahttps://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NXN

Nuveen New York Select Tax-Free Income Portfolio 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 New York. The fund invests in the securities of companies that operate across diversified sectors.

Nuveen New York Select Tax-Free Income Portfolio Fundamentals Summary

How do Nuveen New York Select Tax-Free Income Portfolio's earnings and revenue compare to its market cap?
NXN fundamental statistics
Market CapUS$46.39m
Earnings (TTM)US$2.32m
Revenue (TTM)US$1.93m

20.0x

P/E Ratio

24.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NXN income statement (TTM)
RevenueUS$1.93m
Cost of RevenueUS$0
Gross ProfitUS$1.93m
Other Expenses-US$381.24k
EarningsUS$2.32m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.59
Gross Margin100.00%
Net Profit Margin119.71%
Debt/Equity Ratio0.0%

How did NXN perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

74%

Payout Ratio

Valuation

Is Nuveen New York Select Tax-Free Income Portfolio undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


20.03x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: NXN ($11.82) is trading above our estimate of fair value ($6.23)

Significantly Below Fair Value: NXN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NXN is good value based on its Price-To-Earnings Ratio (20x) compared to the US Capital Markets industry average (29.6x).

PE vs Market: NXN is poor value based on its Price-To-Earnings Ratio (20x) compared to the US market (14.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NXN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NXN is overvalued based on its Price-To-Book Ratio (0.8x) compared to the US Capital Markets industry average (-18.8x).

Future Growth

How is Nuveen New York Select Tax-Free Income Portfolio forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.8%

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 New York Select Tax-Free Income Portfolio 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 New York Select Tax-Free Income Portfolio performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


14.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NXN has a large one-off gain of $610.6K impacting its September 30 2021 financial results.

Growing Profit Margin: NXN's current net profit margins are higher than last year (52.3%).


Past Earnings Growth Analysis

Earnings Trend: NXN's earnings have grown by 14.9% per year over the past 5 years.

Accelerating Growth: NXN's earnings growth over the past year (109.3%) exceeds its 5-year average (14.9% per year).

Earnings vs Industry: NXN earnings growth over the past year (109.3%) exceeded the Capital Markets industry 96.7%.


Return on Equity

High ROE: NXN's Return on Equity (4.1%) is considered low.

Financial Health

How is Nuveen New York Select Tax-Free Income Portfolio's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NXN's short term assets ($2.0M) exceed its short term liabilities ($202.4K).

Long Term Liabilities: NXN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NXN is debt free.

Reducing Debt: NXN has no debt compared to 5 years ago when its debt to equity ratio was 1.7%.

Debt Coverage: NXN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NXN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Dividend

What is Nuveen New York Select Tax-Free Income Portfolio current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.35%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NXN's dividend (3.35%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: NXN's dividend (3.35%) is low compared to the top 25% of dividend payers in the US market (4.06%).


Stability and Growth of Payments

Stable Dividend: NXN's dividend payments have been volatile in the past 10 years.

Growing Dividend: NXN's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (74%), NXN's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.

Management

How experienced are the management team and are they aligned to shareholders interests?

16.3yrs

Average board tenure


CEO

Nuveen New York Select Tax-Free Income Portfolio has no CEO, or we have no data on them.


Board Members

Experienced Board: NXN's board of directors are seasoned and experienced ( 16.3 years average tenure).


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 New York Select Tax-Free Income Portfolio's employee growth, exchange listings and data sources


Key Information


Location

  • Nuveen New York Select Tax-Free Income Portfolio
  • 333 West Wacker Drive
  • 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 Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.