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NZF

Nuveen Municipal Credit Income Fund NYSE:NZF Stock Report

Last Price

US$12.99

Market Cap

US$1.8b

7D

6.0%

1Y

-22.7%

Updated

25 May, 2022

Data

Company Financials
NZF fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends3/6

NZF Stock Overview

Nuveen Municipal Credit Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc.

Nuveen Municipal Credit Income Fund Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Nuveen Municipal Credit Income Fund
Historical stock prices
Current Share PriceUS$12.99
52 Week HighUS$17.59
52 Week LowUS$12.15
Beta0.37
1 Month Change-1.96%
3 Month Change-13.52%
1 Year Change-22.68%
3 Year Change-16.30%
5 Year Change-13.23%
Change since IPO-13.97%

Recent News & Updates

May 10

Nuveen Municipal Credit Income Fund declares $0.066 dividend

Nuveen Municipal Credit Income Fund (NZF) declares $0.066/share monthly dividend, in line with previous.Forward yield 4.68%Payable June 1; for shareholders of record May 14; ex-div May 13.See NZF Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

Nuveen Municipal Credit Income Fund declares $0.066 dividend

Nuveen Municipal Credit Income Fund (NZF) declares $0.066/share monthly dividend, in line with previous.Forward yield 4.95%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See NZF Dividend Scorecard, Yield Chart, & Dividend Growth.

Dec 02

Nuveen Municipal Credit Income Fund declares $0.066 dividend

Nuveen Municipal Credit Income Fund (NZF) declares $0.066/share monthly dividend, in line with previous.Forward yield 5.03%Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14.See NZF Dividend Scorecard, Yield Chart, & Dividend Growth.

Nov 03

Nuveen Municipal Credit Income Fund declares $0.066 dividend

Nuveen Municipal Credit Income Fund (NZF) declares $0.066/share monthly dividend, in line with previous.Forward yield 5.33%Payable Dec. 1; for shareholders of record Nov. 13; ex-div Nov. 12.See NZF Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

NZFUS Capital MarketsUS Market
7D6.0%3.3%1.0%
1Y-22.7%-13.5%-15.1%

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

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

Price Volatility

Is NZF's price volatile compared to industry and market?
NZF volatility
NZF Average Weekly Movement2.3%
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: NZF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2001n/an/ahttps://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NZF&refsrc=vu_nuveen.com/nzf

Nuveen Municipal Credit Income Fund 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 the United States. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes.

Nuveen Municipal Credit Income Fund Fundamentals Summary

How do Nuveen Municipal Credit Income Fund's earnings and revenue compare to its market cap?
NZF fundamental statistics
Market CapUS$1.85b
Earnings (TTM)US$258.00m
Revenue (TTM)US$150.13m

7.2x

P/E Ratio

12.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NZF income statement (TTM)
RevenueUS$150.13m
Cost of RevenueUS$0
Gross ProfitUS$150.13m
Other Expenses-US$107.87m
EarningsUS$258.00m

Last Reported Earnings

Oct 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.82
Gross Margin100.00%
Net Profit Margin171.85%
Debt/Equity Ratio57.2%

How did NZF perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

44%

Payout Ratio

Valuation

Is Nuveen Municipal Credit Income Fund undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


37.8%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: NZF ($12.99) is trading below our estimate of fair value ($20.88)

Significantly Below Fair Value: NZF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NZF is good value based on its Price-To-Earnings Ratio (7.2x) compared to the US Capital Markets industry average (29.6x).

PE vs Market: NZF is good value based on its Price-To-Earnings Ratio (7.2x) compared to the US market (14.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NZF 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 Municipal Credit Income Fund 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 Municipal Credit Income 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 Income Fund 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


32.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NZF has a large one-off gain of $146.8M impacting its October 31 2021 financial results.

Growing Profit Margin: NZF's current net profit margins are higher than last year (7.2%).


Past Earnings Growth Analysis

Earnings Trend: NZF's earnings have grown significantly by 32% per year over the past 5 years.

Accelerating Growth: NZF's earnings growth over the past year (2137%) exceeds its 5-year average (32% per year).

Earnings vs Industry: NZF earnings growth over the past year (2137%) exceeded the Capital Markets industry 96.7%.


Return on Equity

High ROE: NZF's Return on Equity (10.7%) is considered low.

Financial Health

How is Nuveen Municipal Credit Income Fund's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NZF's short term assets ($98.8M) exceed its short term liabilities ($35.7M).

Long Term Liabilities: NZF's short term assets ($98.8M) do not cover its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: NZF's net debt to equity ratio (57.2%) is considered high.

Reducing Debt: NZF's debt to equity ratio has increased from 55.6% to 57.2% over the past 5 years.

Debt Coverage: NZF's debt is not well covered by operating cash flow (8%).

Interest Coverage: NZF's interest payments on its debt are well covered by EBIT (9.4x coverage).


Balance Sheet

Dividend

What is Nuveen Municipal Credit Income Fund current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.10%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NZF's dividend (6.1%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: NZF's dividend (6.1%) is in the top 25% of dividend payers in the US market (4.06%)


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.6%), NZF's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (102.4%), NZF's dividend payments are not well 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 Municipal Credit Income Fund has no CEO, or we have no data on them.


Board Members

Experienced Board: NZF'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.


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 Income Fund's employee growth, exchange listings and data sources


Key Information


Location

  • Nuveen Municipal Credit Income Fund
  • 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
Earnings2021/10/31
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.