NZF

Nuveen Municipal Credit Income Fund

Fundamental data last updated:November 6, 2026

We may earn a commission from partner links. This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate.

company profile

SECTOR

Financial Services

industry

Asset Management - Income

Exchange

NYSE

County of HQ

US

Next Earnings Date

Not Scheduled

Business Summary

The Nuveen Municipal Credit Income Fund (NZF) functions as a closed-end mutual fund that concentrates on fixed-income investments, established by Nuveen Investments, Inc. Its oversight is a joint effort between Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates its capital within the fixed income markets of the United States. Its strategy involves identifying and acquiring undervalued municipal debt instruments and related investments, specifically chosen for their ability to provide income exempt from standard federal income taxes. The fund targets investment-grade securities, requiring a rating of Baa/BBB or better, and aims for an approximate average maturity of 18 years. Portfolio creation is guided by a bottom-up security selection method, supported by thorough fundamental analysis. The performance of its portfolio is evaluated against the Standard & Poor's (S&P) National Municipal Bond Index. Formerly, this fund was known as the Nuveen Enhanced Municipal Credit Opportunities Fund. It was founded in the United States on March 21, 2001.

 


Analyze NZF on TradingView

VALUATION

P/E

12.23

Market Cap ($M USD)

$2.21B

Forward P/E

N/A

PEG

0.04

PRICE TO SALES

10.61

PRICE TO BOOK

0.90

EV / EBITDA

16.48

5-Year Average P/E

Free Cash Flow Yield

5.62%

DCF Value

$-6.11

Graham Number

$16.03

Price to FCF

17.78

EV to FCF

31.26

Earnings Yield

8.09%

FCF Yield

5.62%

DIVIDEND

Yield

8.48%

Annual Payout

$0.95

Payout Ratio

103.89%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$0.91

Next Year EPS Growth Estimate

N/A

Next Year Revenue Growth Estimate

N/A

Return on Equity (ROE)

7.18%

FREE CASH FLOW

Operating Margin

113.12%

Debt-to-Equity

0.68

Piotroski F-Score

5

Altman Z-Score

0.96

Return on Invested Capital (ROIC)

5.68%

Current Ratio

21.55

Quick Ratio

21.55

Net Debt to EBITDA

7.11

Interest Coverage

4.04

Gross Profit margin

87.68%

FCF PER SHARE

$0.64

REVENUE PER SHARE

$1.07

Analyze NZF on TradingView

Gainseekers Quantitative Analysis

Summary

The market seems to have misjudged NZF’s valuation, trading significantly above its DCF value, which suggests potential overvaluation. The Price/Book ratio near 1 indicates a fair valuation relative to assets, yet the Price/Earnings ratio of 24.33 raises questions about growth expectations. With an Earnings Yield of 4.11%, the stock offers a modest return compared to risk-free alternatives. The Altman Z-score of 1.45 flags potential financial distress, hinting at vulnerability rather than robust growth. Overall, the financial health appears precarious, demanding cautious optimism.

AI Exposure / Tech Reliance

Operating within the asset management sector, NZF's adaptability to AI and tech shifts is limited by its traditional income-focused business model. The industry is not inherently tech-driven, which may slow its integration of cutting-edge technologies. However, leveraging AI for data analytics could enhance investment strategies and operational efficiency.

The Bull Case

For value investors, NZF's appeal lies in its robust operating margin of 141.14% and a solid Piotroski F-Score of 6, indicating decent financial health. The ROIC of 5.23% suggests efficient capital use, while a TTM yield of 7.53% provides attractive income. These metrics paint a picture of a company with strong pricing power and capital efficiency, making it a potential buy for those seeking income and stability.

The Bear Case

However, the bear case is compelling. The Price/Sales ratio of 15.87 and EV to EBITDA of 23.96 highlight a potentially overvalued stock, especially given the weak cash flow metrics. The FCF Yield of just 2.89% and a high Price to FCF ratio of 34.61 suggest poor cash generation. Additionally, trading close to its 52-week high, the stock appears technically overextended, raising concerns about sustainability.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

N/A

Average Analyst Price Target

N/A

Institutional Ownership %

1-Year Beta

0.76

Insider Buying % (6 Mo)

Distance to 52-Week High

15.73%

Distance to 52-Week Low

7.11%

EARNINGS SURPRISE %

N/A

50-DAY SMA

$11.37

200-DAY SMA

$12.25

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.