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NKX

NEUTRAL
$12.43 Live
Nuveen California AMT-Free Quality Municipal Income Fund · NYSE
$11.44 52W Range $13.2

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated May 01, 2026
Market cap
$652.67M
P/E
N/A
ROE
-6.2%
Profit margin
-80.4%
Debt/Equity
0.76
Dividend yield
7.34%

AI Analysis

AI-powered fundamental assessment

Confidence
80%
NKX presents a conflicted profile, characterized by a weak Piotroski F-Score of 3/9 and a bearish technical trend, which signals underlying fundamental fragility. However, as a municipal income fund, its primary value proposition is its 7.34% dividend yield and a sustainable payout ratio of 61.59%. While profitability metrics like ROE (-6.22%) and profit margins are deeply negative, the fund maintains a reasonable Price-to-Book ratio of 1.08. The asset is essentially an income vehicle trading near its net asset value, lacking growth catalysts but providing steady yield.

Key Strengths

Attractive dividend yield of 7.34%
Sustainable payout ratio at 61.59%
Positive long-term price performance (3Y Change: +31.6%)
Price-to-Book ratio (1.08) indicates it is trading close to fair asset value
Debt/Equity (0.76) is lower than the financial services sector average (1.28)

Key Risks

Weak fundamental health indicated by a Piotroski F-Score of 3/9
Severe liquidity risk suggested by a Current Ratio of 0.28
Negative profitability with a profit margin of -80.36%
Bearish technical trend (0/100) despite recent short-term gains
Low insider sentiment score (40/100)
AI Fair Value Estimate
Based on comprehensive analysis
$11.51
-7.4% below current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall
53
Moderate
Value
60
Future
30
Past
70
Health
20
Dividend
85
AI Verdict
Income-focused hold with fundamental weaknesses
Key drivers: High dividend yield, Poor Piotroski health score, Negative ROE, Stable P/B ratio
Confidence
85%
Value
60/100

Ref P/B 1.08; trades at a slight premium to book value.

Positives
  • P/B of 1.08 is reasonable for a quality muni fund
Watchpoints
  • Lack of traditional valuation metrics (P/E, Graham Number) due to fund structure
Future
30/100

Ref Growth rates: N/A; ROE -6.22%

Positives
  • Recent 1-month positive momentum (+5.1%)
Watchpoints
  • Negative ROE and profit margins suggest lack of organic growth
Past
70/100

Ref Historical price performance trends.

Positives
  • Strong 3-year return of 31.6%
  • Consistent 1-year growth of 11%
Watchpoints
  • 5-year growth is relatively flat (+4.7%)
Health
20/100

Ref Piotroski F-Score 3/9; Current Ratio 0.28

Positives
  • Debt/Equity is below sector average
Watchpoints
  • Piotroski F-Score of 3/9 is in the 'Weak' category
  • Current ratio of 0.28 indicates poor short-term liquidity
Dividend
85/100

Ref Yield 7.34%, Payout 61.59%

Positives
  • High yield of 7.34%
  • Manageable payout ratio of 61.59%
Watchpoints
  • Dividend strength score (70/100) is good but not elite

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price
$12.43

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for NKX and closest competitors.

Updated 2026-04-30
NKX
Nuveen California AMT-Free Quality Municipal Income Fund
Primary
5Y
+4.7%
3Y
+31.6%
1Y
+11.0%
6M
+0.9%
1M
+5.1%
1W
+1.9%
DGI
Donegal Group Inc.
Peer
5Y
+41.3%
3Y
+39.2%
1Y
-5.5%
6M
-3.3%
1M
+2.9%
1W
+1.3%
TIP
Tiptree Inc.
Peer
5Y
+84.0%
3Y
+31.4%
1Y
-21.3%
6M
-0.1%
1M
+2.4%
1W
+0.5%
CWB
Community West Bancshares
Peer
5Y
+39.2%
3Y
+75.3%
1Y
+48.4%
6M
+14.7%
1M
+5.5%
1W
-0.6%
DXY
Destiny Tech100 Inc.
Peer
5Y
+227.1%
3Y
+227.1%
1Y
-17.3%
6M
+18.6%
1M
-3.7%
1W
-1.9%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

P/E Ratio
N/A
Forward P/E
N/A
PEG Ratio
N/A
P/B Ratio
1.08
P/S Ratio
14.02
EV/Revenue
N/A
EV/EBITDA
N/A
Market Cap
$652.67M

Profitability

Profit margins and return metrics

Profit Margin -80.36%
Operating Margin 80.83%
Gross Margin 100.0%
ROE -6.22%
ROA 2.25%

Growth

Revenue and earnings growth rates

Revenue Growth N/A
Earnings Growth N/A
Q/Q Revenue Growth N/A
Q/Q Earnings Growth N/A

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity
0.76
Moderate
Current Ratio
0.28
Weak
Quick Ratio
0.28
Poor
Cash/Share
$N/A

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q3 2025

Total Assets
$1.0B
Liabilities
$0.4B
Equity
$0.6B
Debt/Equity
0.77x

Financial Services Sector Comparison

Comparing NKX against 956 companies in the Financial Services sector (153 bullish, 417 neutral, 386 bearish)
Return on Equity (ROE)
-6.22%
This Stock
vs
0.3%
Sector Avg
-2158.2% (Below Avg)
Profit Margin
-80.36%
This Stock
vs
89.71%
Sector Avg
-189.6% (Weaker)
Debt to Equity
0.76
This Stock
vs
1.28
Sector Avg
-40.4% (Less Debt)
Current Ratio
0.28
This Stock
vs
2.99
Sector Avg
-90.7% (Weaker)

Similar Companies

Peer comparison within the same industry

Past News Coverage

Recent headlines mentioning NKX from our newsroom.

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