# Nuveen Municipal Credit Income Fund (NZF) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Financial Services / Capital Markets. Price $11.25, market value $2.2 billion.

## Valuation
- **P/E (trailing): 12.4×** (5-yr avg 33.1×, 3-yr avg 33.1×). Nuveen Municipal Credit Income Fund trades at 12.4× 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: 35.9×**. Each dollar of revenue is priced at 35.9×, 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: 5.4%** (5-yr avg 4.7%). Free cash flow equals 5.4% of the market value, in line with its five-year average of 4.7%. Above 5% is generally attractive.
- **Earnings yield: 8.1%**. The inverse of the P/E: 8.1% 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: 8.48%** ($0.95 per share, trailing). Nuveen Municipal Credit Income Fund yields 8.48%, 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): -5.6%** (YTD -6.4%, 3-mo -7.6%). The shares are down 5.6% over twelve months including dividends.
- **From 52-week high: -13.6%** (7.7% above the low). Trading 14% 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): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 0.36** (volatility 13%). Beta of 0.36 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.