NYSE:NZF

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Nuveen Municipal Credit Income Fund

Executive Summary

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


Snowflake Analysis

Share Price & News

How has Nuveen Municipal Credit Income Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

0.8%

NZF

1.5%

US Capital Markets

-0.4%

US Market


1 Year Return

-3.8%

NZF

45.4%

US Capital Markets

36.2%

US Market

Return vs Industry: NZF underperformed the US Capital Markets industry which returned 45.5% over the past year.

Return vs Market: NZF underperformed the US Market which returned 36.3% over the past year.


Shareholder returns

NZFIndustryMarket
7 Day0.8%1.5%-0.4%
30 Day-1.4%3.3%-2.3%
90 Day1.3%14.5%5.0%
1 Year1.3%-3.8%49.0%45.4%39.1%36.2%
3 Year32.8%13.6%35.9%25.9%48.4%39.0%
5 Year44.6%10.3%145.9%115.5%116.6%92.4%

Long-Term Price Volatility Vs. Market

How volatile is Nuveen Municipal Credit Income Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

198.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NZF ($16.08) is trading above our estimate of fair value ($5.12)

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


Price To Earnings Ratio

PE vs Industry: NZF is poor value based on its PE Ratio (198.2x) compared to the US Capital Markets industry average (23.4x).

PE vs Market: NZF is poor value based on its PE Ratio (198.2x) compared to the US market (21.5x).


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 good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (19x).

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?

13.5%

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?

10.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NZF has a large one-off loss of $102.0M impacting its October 31 2020 financial results.

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


Past Earnings Growth Analysis

Earnings Trend: NZF's earnings have grown by 10.9% per year over the past 5 years.

Accelerating Growth: NZF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NZF had negative earnings growth (-96.5%) over the past year, making it difficult to compare to the Capital Markets industry average (10.4%).


Return on Equity

High ROE: NZF's Return on Equity (0.5%) is considered low.

Financial Health

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


Financial Position Analysis

Short Term Liabilities: NZF's short term assets ($56.3M) exceed its short term liabilities ($37.2M).

Long Term Liabilities: NZF's short term assets ($56.3M) do not cover its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: NZF's debt to equity ratio (60.8%) is considered high.

Reducing Debt: NZF's debt to equity ratio has increased from 47.6% to 60.8% over the past 5 years.

Debt Coverage: NZF's debt is not well covered by operating cash flow (8.5%).

Interest Coverage: NZF's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet

Dividend

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

4.71%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: NZF's dividend (4.71%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: NZF's dividend (4.71%) is in the top 25% of dividend payers in the US market (3.64%)


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.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (932.9%), NZF's dividend payments are not 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?

13.5yrs

Average board tenure


CEO

Nuveen Municipal Credit Income Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
David Kundert
16.08yrsUS$2.37kno data
William Adams
8.17yrsno datano data
William Schneider
Chairman7.67yrsUS$2.65kno data
Robert Bremner
25.17yrsUS$2.60kno data
Judith Stockdale
24.17yrsUS$2.17kno data
Jack Evans
22.17yrsUS$2.18kno data
Thomas Schreier
Board Member8.17yrsno datano data
Virginia Stringer
10.17yrsUS$2.00kno data
William Hunter
17.17yrsUS$1.94kno data
Terence Toth
12.75yrsUS$2.33kno data
John Nelson
Board Member7.5yrsUS$138.00no data
Carole Stone
14.17yrsUS$2.23kno data

13.5yrs

Average Tenure

72.5yo

Average Age

Experienced Board: NZF's board of directors are seasoned and experienced ( 13.5 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 Municipal Credit Income Fund's company bio, 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NZFNYSE (New York Stock Exchange)YesCommon SharesUSUSDSep 2001

Biography

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 i...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 23:05
End of Day Share Price2021/03/05 00:00
Earnings2020/10/31
Annual Earnings2020/10/31


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.