# Nuveen Municipal Credit Income Fund (NZF) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $11.92, market value $2.3 billion.

## Valuation
- **P/E (trailing): 13.1×** (5-yr avg 33.1×, 3-yr avg 33.1×). Nuveen Municipal Credit Income Fund trades at 13.1× trailing earnings, well below its own five-year average of 33.1×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 38.1×**. Each dollar of revenue is priced at 38.1×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 5.1%** (5-yr avg 4.7%). Free cash flow equals 5.1% of the market value, in line with its five-year average of 4.7%. Above 5% is generally attractive.
- **Earnings yield: 7.6%**. The inverse of the P/E: 7.6% of the price is earned each year.

## Profitability
- **Net margin: 95.5%**. 95.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.4%**. 2.4% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 1.4%**. Each dollar of assets produces 1.4% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -86.5%**. Revenue fell 86.5% over the last year.
- **Free-cash-flow growth (3 yr): 17.3%/yr**. Free cash flow has compounded at 17.3% a year over three years.

## Dividends
- **Dividend yield: 8.00%** ($0.95 per share, trailing). Nuveen Municipal Credit Income Fund yields 8.00%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 315%** (156% of free cash flow). The dividend exceeds earnings (315% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 4.6%/yr** (1-yr 14.6%). The dividend has grown 4.6% a year over five years.

## Price and momentum
- **Total return (1 yr): 7.0%** (YTD -1.0%, 3-mo -4.0%). The shares are up 7.0% over twelve months including dividends.
- **From 52-week high: -8.4%** (0.9% above the low). Trading 8% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 34**. An RSI of 34 is neutral.
- **Beta (1 yr): 0.34** (volatility 11%). Beta of 0.34 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NZF · Page: https://foliofundamentals.com/stocks/nzf

Not investment advice.