NKX
Nuveen California Amt-Free Quality Municipal Income Fund·NYSE
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1.80 / 10
Underperform
NKX's fundamental analysis reveals subpar characteristics, earning a 1.8/10 score. Key concerns include negative net income relative to revenue and a low rate of return on total assets (-7.69%). Although asset-to-market value and revenue-to-market value factors show some promise, the fund's overall quality is hampered by these critical deficits, resulting in a guarded view and an 'Underperform' rating.
Analysis Checks(3/10)
Revenue-MV
Value-0.26
Score2/3
Weight18.63%
1M Return2.45%
Value-0.26
Score2/3
Weight18.63%
1M Return2.45%
Net income-Revenue
Value-0.17
Score1/3
Weight5.72%
1M Return0.82%
Value-0.17
Score1/3
Weight5.72%
1M Return0.82%
Rate of return on total assets (%)
Value-7.69
Score1/3
Weight9.31%
1M Return1.42%
Value-7.69
Score1/3
Weight9.31%
1M Return1.42%
Annualized return on total assets (%)
Value-7.69
Score1/3
Weight9.31%
1M Return1.42%
Value-7.69
Score1/3
Weight9.31%
1M Return1.42%
Asset-MV
Value-0.50
Score2/3
Weight19.01%
1M Return2.74%
Value-0.50
Score2/3
Weight19.01%
1M Return2.74%
Current liabilities / Total liabilities (%)
Value53.71
Score1/3
Weight10.17%
1M Return1.49%
Value53.71
Score1/3
Weight10.17%
1M Return1.49%
Basic earnings per share (YoY growth rate %)
Value21.54
Score0/3
Weight3.78%
1M Return0.58%
Value21.54
Score0/3
Weight3.78%
1M Return0.58%
Fixed assets turnover ratio
Value28052.73
Score2/3
Weight8.26%
1M Return1.25%
Value28052.73
Score2/3
Weight8.26%
1M Return1.25%
Diluted earnings per share (YoY growth rate %)
Value33.93
Score0/3
Weight5.88%
1M Return0.91%
Value33.93
Score0/3
Weight5.88%
1M Return0.91%
Current assets / Total assets (%)
Value42.04
Score1/3
Weight9.92%
1M Return1.44%
Value42.04
Score1/3
Weight9.92%
1M Return1.44%
Revenue-MV
Value-0.26
Score2/3
Weight18.63%
1M Return2.45%
Value-0.26
Score2/3
Weight18.63%
1M Return2.45%
Current liabilities / Total liabilities (%)
Value53.71
Score1/3
Weight10.17%
1M Return1.49%
Value53.71
Score1/3
Weight10.17%
1M Return1.49%
Net income-Revenue
Value-0.17
Score1/3
Weight5.72%
1M Return0.82%
Value-0.17
Score1/3
Weight5.72%
1M Return0.82%
Basic earnings per share (YoY growth rate %)
Value21.54
Score0/3
Weight3.78%
1M Return0.58%
Value21.54
Score0/3
Weight3.78%
1M Return0.58%
Rate of return on total assets (%)
Value-7.69
Score1/3
Weight9.31%
1M Return1.42%
Value-7.69
Score1/3
Weight9.31%
1M Return1.42%
Fixed assets turnover ratio
Value28052.73
Score2/3
Weight8.26%
1M Return1.25%
Value28052.73
Score2/3
Weight8.26%
1M Return1.25%
Annualized return on total assets (%)
Value-7.69
Score1/3
Weight9.31%
1M Return1.42%
Value-7.69
Score1/3
Weight9.31%
1M Return1.42%
Diluted earnings per share (YoY growth rate %)
Value33.93
Score0/3
Weight5.88%
1M Return0.91%
Value33.93
Score0/3
Weight5.88%
1M Return0.91%
Asset-MV
Value-0.50
Score2/3
Weight19.01%
1M Return2.74%
Value-0.50
Score2/3
Weight19.01%
1M Return2.74%
Current assets / Total assets (%)
Value42.04
Score1/3
Weight9.92%
1M Return1.44%
Value42.04
Score1/3
Weight9.92%
1M Return1.44%
Is NKX fundamentally strong?
- NKX scores 1.80/10 on fundamentals and holds a Premium valuation at present. Backed by its -6.20% ROE, -80.36% net margin, 16.81 P/E ratio, 1.18 P/B ratio, and 0.00% earnings growth, these metrics solidify its Underperform investment rating.
