| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$12.99 |
| 52 Week High | US$17.59 |
| 52 Week Low | US$12.15 |
| Beta | 0.37 |
| 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
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.
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.
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.
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
| NZF | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 6.0% | 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
| NZF volatility | |
|---|---|
| NZF Average Weekly Movement | 2.3% |
| Capital Markets Industry Average Movement | 0.4% |
| Market Average Movement | 7.8% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 2.9% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | n/a | n/a | https://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
| NZF fundamental statistics | |
|---|---|
| Market Cap | US$1.85b |
| Earnings (TTM) | US$258.00m |
| Revenue (TTM) | US$150.13m |
7.2x
P/E Ratio12.3x
P/S RatioIs NZF overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NZF income statement (TTM) | |
|---|---|
| Revenue | US$150.13m |
| Cost of Revenue | US$0 |
| Gross Profit | US$150.13m |
| Other Expenses | -US$107.87m |
| Earnings | US$258.00m |
Last Reported Earnings
Oct 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.82 |
| Gross Margin | 100.00% |
| Net Profit Margin | 171.85% |
| Debt/Equity Ratio | 57.2% |
How did NZF perform over the long term?
See historical performance and comparisonDividends
6.1%
Current Dividend Yield44%
Payout RatioValuation
Is Nuveen Municipal Credit Income Fund undervalued compared to its fair value and its price relative to the market?
Valuation Score
4/6Valuation 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
0/6Future 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
4/6Past 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
2/6Financial 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
3/6Dividend 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
- Name: Nuveen Municipal Credit Income Fund
- Ticker: NZF
- Exchange: NYSE
- Founded: 2001
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$1.846b
- Shares outstanding: 142.13m
- Website: https://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NZF&refsrc=vu_nuveen.com/nzf
Location
- Nuveen Municipal Credit Income Fund
- 333 West Wacker Drive
- Chicago
- Illinois
- 60606
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/25 00:00 |
| End of Day Share Price | 2022/05/25 00:00 |
| Earnings | 2021/10/31 |
| Annual Earnings | 2021/10/31 |
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.