company background image
NXP

Nuveen Select Tax-Free Income PortfolioNYSE:NXP Stock Report

Last Price

US$15.31

Market Cap

US$253.7m

7D

-2.6%

1Y

-10.3%

Updated

21 Jan, 2022

Data

Company Financials
NXP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends4/6

NXP Stock Overview

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

Nuveen Select Tax-Free Income Portfolio Competitors

Infineon Technologies

XTRA:IFX

€49.2b

Allegro MicroSystems

NasdaqGS:ALGM

US$5.1b

ams-OSRAM

SWX:AMS

CHF4.1b

Melexis

ENXTBR:MELE

€4.0b

Price History & Performance

Summary of all time highs, changes and price drops for Nuveen Select Tax-Free Income Portfolio
Historical stock prices
Current Share PriceUS$15.31
52 Week HighUS$18.75
52 Week LowUS$15.28
Beta0.13
1 Month Change-3.22%
3 Month Change-10.28%
1 Year Change-10.31%
3 Year Change6.76%
5 Year Change9.75%
Change since IPO2.07%

Recent News & Updates

Dec 13

NXP Finally Swallows Up Its Sister Tax-Free CEFs

Last May, Nuveen announced the plan to merge their three Select series of Tax-Free Municipal Bond Closed-End-Funds. The original closing date was scheduled for after late September shareholder votes. The process finally closed on 12/3/21, with shareholders of NXQ and NXR becoming owners of NXP with the market opening the following Monday. The final terms will be covered here. While the larger NXP should see cost savings due to economies-of-scale, its long duration makes it unattractive when the market demands and expects rates to rise, thus my Bearish rating.

Aug 24

Nuveen Merging Their 3 Select-Tax-Free CEFs If Holders Approve

I was recently reading an article by ADS Analytics titled CEF Mergers Present Another Risk For Income Investors only to discover afterwards a CEF I own was involved. I recently was sent a proxy vote request to approve merging NXP, NXQ, and NXR (I own) into one CEF if holders approve. I am giving each CEF a Neutral rating until after the merger is completed.

May 10

Nuveen Select Tax-Free Income Portfolio declares $0.0455 dividend

Nuveen Select Tax-Free Income Portfolio (NXP) declares $0.0455/share monthly dividend, in line with previous.Forward yield 3.16%Payable June 1; for shareholders of record May 14; ex-div May 13.See NXP Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

Nuveen Select Tax-Free Income Portfolio declares $0.0455 dividend

Nuveen Select Tax-Free Income Portfolio (NXP) declares $0.0455/share monthly dividend, in line with previous.Forward yield 3.04%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See NXP Dividend Scorecard, Yield Chart, & Dividend Growth.

Dec 31

NXP: Nuveen Select Tax-Free Income Portfolio Provides Leverage-Free Municipal Bond Exposure

Introduction Over the past month, I and others have covered various Municipal Bond CEFs in detail. Picking this asset class is just the first step; an investor then faces the following questions: Do you want to buy individual bonds or a fund? If you live in a state with high tax rates, there is a state tax benefit of owning in-state bonds. There are a few funds that specialize in bonds from one state: CA

Dec 02

Nuveen Select Tax-Free Income Portfolio declares $0.0455 dividend

Nuveen Select Tax-Free Income Portfolio (NXP) declares $0.0455/share monthly dividend, in line with previous.Forward yield 3.29%Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14.See NXP Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

NXPUS Capital MarketsUS Market
7D-2.6%-5.5%-4.6%
1Y-10.3%24.6%7.7%

Return vs Industry: NXP underperformed the US Capital Markets industry which returned 24.6% over the past year.

Return vs Market: NXP underperformed the US Market which returned 7.7% over the past year.

Price Volatility

Is NXP's price volatile compared to industry and market?
NXP volatility
NXP Average Weekly Movement1.0%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: NXP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: NXP's weekly volatility (1%) has been stable over the past year.

About the Company

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

Nuveen 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 United States. The fund invests in the investment-grade municipal securities rated Baa and BBB or better.

Nuveen Select Tax-Free Income Portfolio Fundamentals Summary

How do Nuveen Select Tax-Free Income Portfolio's earnings and revenue compare to its market cap?
NXP fundamental statistics
Market CapUS$253.69m
Earnings (TTM)US$12.66m
Revenue (TTM)US$10.24m

20.0x

P/E Ratio

24.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NXP income statement (TTM)
RevenueUS$10.24m
Cost of RevenueUS$0
Gross ProfitUS$10.24m
Expenses-US$2.42m
EarningsUS$12.66m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.76
Gross Margin100.00%
Net Profit Margin123.65%
Debt/Equity Ratio0.0%

How did NXP perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

72%

Payout Ratio

Valuation

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

20.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NXP ($15.31) is trading above our estimate of fair value ($10.2)

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


Price To Earnings Ratio

PE vs Industry: NXP is poor value based on its PE Ratio (20x) compared to the US Capital Markets industry average (15.2x).

PE vs Market: NXP is poor value based on its PE Ratio (20x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NXP is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (37.6x).

Future Growth

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

6.3%

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

13.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NXP has a large one-off gain of $3.1M impacting its September 30 2021 financial results.

Growing Profit Margin: NXP's current net profit margins are higher than last year (95.3%).


Past Earnings Growth Analysis

Earnings Trend: NXP's earnings have grown by 13.3% per year over the past 5 years.

Accelerating Growth: NXP's earnings growth over the past year (30.7%) exceeds its 5-year average (13.3% per year).

Earnings vs Industry: NXP earnings growth over the past year (30.7%) underperformed the Capital Markets industry 87.1%.


Return on Equity

High ROE: NXP's Return on Equity (4.7%) is considered low.

Financial Health

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


Financial Position Analysis

Short Term Liabilities: NXP's short term assets ($8.5M) exceed its short term liabilities ($1.0M).

Long Term Liabilities: NXP has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NXP is debt free.

Reducing Debt: NXP had no debt 5 years ago.

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

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


Balance Sheet

Dividend

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

3.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NXP's dividend (3.57%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: NXP's dividend (3.57%) is in the top 25% of dividend payers in the US market (3.49%)


Stability and Growth of Payments

Stable Dividend: NXP's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (71.6%), NXP's dividend payments are 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?

16.0yrs

Average board tenure


CEO

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


Board Members

Experienced Board: NXP's board of directors are seasoned and experienced ( 16 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 Select Tax-Free Income Portfolio's employee growth, exchange listings and data sources


Key Information


Location

  • Nuveen 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 Analysis2022/01/21 00:03
End of Day Share Price2022/01/20 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.