US · NKX
Nuveen California AMT-Free Quality Municipal Income Fund
- Sector
- Financial Services · Asset Management - Income
- Headquarters
- Chicago, IL 60606-1220
- Website
- nuveen.com
Price · as of 2024-08-31
$12.46
Market cap 677.35M
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | — | — |
| Intrinsic Value(DCF) | $59.53 | +377.77% |
| Graham-Dodd Method(GD) | $10.97 | -11.98% |
| Graham Formula(GF) | $7.33 | -41.2% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2010 | |||||
| 2011 | |||||
| 2012 | $2.27 | ||||
| 2013 | $13.55 | $333.11 | |||
| 2014 | $0.58 | $18.77 | |||
| 2015 | $15.00 | ||||
| 2016 | $8.60 | $0.00 | |||
| 2017 | $2.57 | $0.00 | |||
| 2018 | $7.13 | $309.62 | |||
| 2019 | $8.02 | $0.00 | |||
| 2020 | $21.60 | $935.24 | |||
| 2021 | $6.13 | $7.88 | |||
| 2022 | $4.74 | $0.00 | |||
| 2023 | $0.00 | $94.66 | |||
| 2024 | $9.93 | $103.24 |
AI valuation
Our deep-learning model estimates Nuveen California AMT-Free Quality Municipal Income Fund's (NKX) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- —
- Current price
- $12.46
- AI upside
- —
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$59.53
+377.77% upside
Graham-Dodd
$10.97
-11.98% upside
Graham Formula
$7.33
-41.2% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| NKX | Nuveen California AMT-Fre… | $12.46 | 677.35M | — | +378% | -12% | -41% | 19.73 | 0.90 | 12.88 | 20.98 | — | 0.90 | 85.73% | 107.82% | 65.25% | — | — | — | 0.68 | — | 0.36 | 0.36 | 9.04 | — | — | — | 1.30% | 0.19 | — | 2.97% | 58.50% | 2.97% | 20.98 | 134.91 | 22.62 | 0.94 |
| ACP | Abrdn Income Credit Strat… | $5.53 | 693.85M | +573% | +223% | — | — | 15.29 | 0.80 | 10.72 | 21.68 | — | 0.80 | 73.41% | 70.12% | 70.12% | 4.95% | 3.80% | 3.69% | 0.33 | 2.64 | 1.74 | 1.73 | 6.39 | -7500.00% | -2707.00% | -22233.00% | 16.04% | 5.31 | 9.32% | 19.62% | 299.90% | 19.62% | 21.68 | 8.84 | 15.20 | 0.76 |
| ASGI | Abrdn Global Infrastructu… | $25.30 | 800.04M | +29% | — | — | — | 6.83 | 0.88 | 6.45 | 6.83 | — | 0.88 | 100.00% | 94.39% | 94.39% | 13.04% | 13.04% | 12.85% | 0.00 | — | 0.99 | 0.97 | 0.00 | -10000.00% | -1823.00% | 3820.00% | 11.79% | 59.60 | 10.51% | 12.83% | 87.70% | 12.83% | 6.83 | 8.48 | 6.45 | 24.59 |
| CCD | Calamos Dynamic Convertib… | $23.01 | 644.35M | +2,364% | -62% | -32% | +647% | 4.40 | 0.97 | 3.98 | 5.84 | 29.65 | 0.97 | 90.76% | 90.43% | 90.43% | 23.77% | 16.71% | 15.53% | 0.32 | 9.78 | 0.88 | 0.80 | 1.44 | 1485.00% | 2786.00% | 1270.00% | 10.75% | 15.88 | 7.91% | 9.71% | 42.80% | 24.90% | 5.84 | 12.35 | 5.29 | 1.94 |
| ETJ | Eaton Vance Risk-Managed … | $8.77 | 590.24M | +746% | -74% | -94% | +3,502% | -3.87 | 0.73 | -3.90 | -3.85 | — | 0.73 | 106.21% | 100.70% | 100.70% | -16.62% | -16.70% | -16.44% | 0.00 | — | 3.50 | 9.64 | -0.02 | -22500.00% | -22876.00% | — | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 0.00% | -3.85 | — | -3.88 | 86.61 |
| LDP | Cohen & Steers Limited Du… | $21.32 | 619.97M | +439% | -64% | -39% | +12,301% | 6.54 | 0.88 | 6.88 | 8.21 | 5.51 | 0.88 | 90.93% | 128.44% | 105.22% | 13.81% | 11.36% | 9.09% | 0.49 | 5.55 | 11.57 | 18.98 | 3.02 | 11866.00% | 93480.00% | 2920.00% | 8.00% | 27.89 | 4.87% | 8.21% | 53.70% | 9.29% | 8.21 | 19.14 | 10.54 | 1.45 |
| NBB | Nuveen Taxable Municipal … | $16.39 | 481.78M | +71% | +263,448% | -75% | -6% | 18.73 | 0.90 | 12.00 | 27.25 | — | 0.90 | 65.83% | 64.05% | 64.05% | 4.74% | 3.29% | 2.94% | 0.41 | 1.87 | 47.16 | 47.16 | 8.52 | -2752.00% | 1195.00% | -2790.00% | 7.17% | 10.73 | 4.42% | 7.37% | 138.20% | 16.52% | 27.25 | 20.29 | 17.45 | 0.96 |
| NDMO | Nuveen Dynamic Municipal … | $10.64 | 633.74M | +18,312% | — | — | — | — | — | — | — | — | — | 61.02% | 58.80% | 58.80% | 8.82% | 2.30% | 6.12% | 0.00 | 1.51 | 1.87 | 1.87 | -0.27 | -10000.00% | -7939.00% | 173489.00% | — | 13.88 | 34.81% | — | 354.90% | — | — | — | — | — |
| NQP | Nuveen Pennsylvania Quali… | $12.03 | 447.73M | — | -44% | +5% | -41% | 12.19 | 0.78 | 12.53 | — | — | 0.78 | 100.00% | 83.69% | 102.83% | — | — | — | 0.64 | 1.91 | 0.12 | 0.12 | — | — | — | — | 1.39% | 0.04 | — | 3.36% | 41.00% | 3.83% | 27.20 | 130.88 | 22.76 | 0.63 |
| NXJ | Nuveen New Jersey Quality… | $12.59 | 519.12M | — | -61% | — | — | -25.87 | 1.01 | -113.02 | -25.86 | — | 1.01 | 426.37% | 436.94% | 436.94% | — | — | — | 0.00 | -1.34 | 0.05 | 0.05 | 0.01 | — | — | — | 9.87% | 13.04 | — | 7.63% | -197.30% | 7.63% | -25.86 | 10.12 | -112.98 | 0.63 |
About Nuveen California AMT-Free Quality Municipal Income Fund
Nuveen California AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of California, United States. The fund primarily invests in undervalued municipal securities and other related investments the income which are exempt from regular federal and California income taxes and are rated Baa, BBB or higher with an average maturity of 20.17 years. It employs fundamental analysis with a bottom-up approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) California Municipal Bond Index and the S&P National Municipal Bond Index. It was formerly known as Nuveen California AMT-Free Municipal Income Fund. Nuveen California AMT-Free Quality Municipal Income Fund was formed on November 21, 2002 and is domiciled in the United States.
- Employees
- 0
- Beta
- 0.61
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($59.53 ÷ $12.46) − 1 = +377.77% (DCF, example).