Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) Fundamental Analysis: Bull vs. Bear Case

NRK

Nuveen New York AMT-Free Quality Municipal Income Fund

Fundamental data last updated:November 6, 2026

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company profile

SECTOR

Financial Services

industry

Asset Management - Income

Exchange

NYSE

County of HQ

United States

Next Earnings Date

Not Scheduled

Business Summary

NRK operates within the Asset Management sector, focusing on municipal income funds. Its business model relies on generating consistent income through tax-exempt municipal bonds, appealing to investors seeking stable returns. The competitive moat lies in its expertise in managing these specialized assets, offering clients a blend of income and tax efficiency. However, maintaining this edge requires adept risk management and adaptation to regulatory changes.

VALUATION

P/E

-10.82

Market Cap ($M USD)

$830.48M

Forward P/E

N/A

PEG

0.03 PRICE TO SALES

11.20 PRICE TO BOOK

0.92 EV / EBITDA

-26.61

5-Year Average P/E

Free Cash Flow Yield

1.93%

DCF Value

$-8.15

Graham Number

N/A

Price to FCF

51.90 EV to FCF

94.23 Earnings Yield

-9.28%

FCF Yield

1.93%

DIVIDEND

Yield

8.51%

Annual Payout

$0.81

Payout Ratio

-46.90%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$0.88

Next Year EPS Growth Estimate

N/A

Next Year Revenue Growth Estimate

N/A

Return on Equity (ROE)

-8.57%

FREE CASH FLOW

Operating Margin

-76.39%

Debt-to-Equity

0.75 Piotroski F-Score

5 Altman Z-Score

0.46 Return on Invested Capital (ROIC)

-3.59%

Current Ratio

3.99 Quick Ratio

3.99 Net Debt to EBITDA

-11.95

Interest Coverage

-2.78

Gross Profit margin

79.40%

FCF PER SHARE

$0.18

REVENUE PER SHARE

$0.85

Gainseekers Quantitative Analysis

Summary

NRK’s valuation paints a grim picture. The stock has traded below its DCF Value, suggesting potential mispricing, yet the negative Price/Earnings ratio and Earnings Yield indicate severe profitability issues. The Altman Z-score of 0.46 signals distress, hinting at financial instability. With a Forward P/E unavailable and a negative ROIC, the market seems skeptical about its growth prospects. This is a precarious position for any investor seeking safety or growth.

AI Exposure / Tech Reliance

In the realm of AI and tech adaptation, NRK's position in Asset Management - Income suggests limited direct exposure to technological shifts. However, the industry must increasingly leverage AI for data analysis and customer engagement. NRK's ability to integrate these technologies will be crucial for maintaining competitiveness.

The Bull Case

For the value-driven investor, NRK offers some intriguing metrics. The Piotroski F-Score of 5 indicates moderate financial health, while a high TTM Yield of 8.51% provides attractive income potential. Despite negative ROIC, the company maintains a strong Current Ratio of 3.99, suggesting robust liquidity. These factors could appeal to those seeking undervalued opportunities with income stability.

The Bear Case

The bear case for NRK is compelling. With an Operating Margin of -76.39% and a Price to FCF ratio of 51.90, the company struggles with profitability and cash flow efficiency. The Price/Book ratio of 0.92 might seem attractive, but the negative EPS and ROE of -8.57% highlight deeper structural issues. The stock's proximity to its 52-week low further underscores market skepticism.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

N/A

Institutional Ownership %

1-Year Beta

0.66 Insider Buying % (6 Mo)

Distance to 52-Week High

14.50%

Distance to 52-Week Low

5.36%

EARNINGS SURPRISE %

N/A

50-DAY SMA

$9.64

200-DAY SMA

$10.24

⚠️ 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.