NBB

Nuveen Taxable Municipal Income Fund [NBB] Stock Forecast

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RSI : 000

NBB Stock Summary

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In the News

06:30 29 Mar 2024 NBB

The Month In Closed-End Funds: December 2023

For the second consecutive month, both equity (+3.42% on a NAV basis) and fixed income (+3.14%) CEFs on average posted plus-side returns. At month end, 9% of all CEFs traded at a premium to their NAV, with 9% of equity CEFs and 8% of fixed income CEFs trading in premium territory. Developed Markets CEFs (+6.45%), for the second straight month, outpaced the other classifications in the equity CEF universe for December.

02:32 29 Mar 2024 NBB

NBB: Yield Is Low Versus Alternatives And Bonds Are Overpriced

The Nuveen Taxable Municipal Income Fund has a lower current yield compared to other comparable closed-end fixed-income funds. The NBB closed-end fund's price performance has been worse than the ICE BofAML US Taxable Municipal Securities Index over the past five years. The NBB fund's use of leverage and exposure to states with strained finances pose risks for investors.

09:23 29 Mar 2024 NBB

NBB: A Few Reasons Why I'm More Bullish Going Forward (Rating Upgrade)

Nuveen Taxable Municipal Income Fund is currently undervalued with a discount to NAV of almost 9%. Taxable munis offer higher income compared to tax-exempt munis, making them attractive for investors in lower tax brackets. NBB has maintained its distribution in the short-term, providing reassurance to investors despite the challenges posed by the inverted yield curve.

03:30 29 Mar 2024 NBB

NBB: Still A Reasonable Option In 2023, But Income Cuts Hurt (Rating Downgrade)

NBB has had a pretty strong 2023 so far and is in positive territory since my last bullish review. The fund did see an income cut in January, which was not a great sign. Then this month, we were hit with another cut announcement. This makes me less bullish on the fund.

09:00 29 Mar 2024 NBB

How This Income Method Could Lead To Financial Freedom

We will go over our thesis as to how a diversified income method with low volatility could make you financially independent. We regularly write about multi-basket income strategies with an in-built hedging mechanism to keep the drawdowns to a minimum. They provide not only consistent income but also long-term growth with 30% less volatility.

05:43 29 Mar 2024 NBB

CEF Weekly Review: Key CEF Lessons Of 2022

We review closed-end fund market valuation and performance through the second week of January and highlight recent market action. CEFs continue to power ahead, stringing together two strong weeks in a row.

09:00 29 Mar 2024 NBB

The 8% Income Portfolio: 2022 Year-End Review

Presenting our 2022 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions (including year-end special distributions) amounting to over 14% yield-on-cost basis.

08:00 29 Mar 2024 NBB

BBN Vs. NBB: Comparing Taxable CEFs From Different Managers

The BlackRock Taxable Municipal Bond Trust benchmarks against the Bloomberg Taxable Municipal Bond USD index. The Nuveen Taxable Municipal Income Fund benchmarks against the same benchmark. I wasn't able to find information on the benchmark, but not critical since both are actively managed.

02:13 29 Mar 2024 NBB

NBB: Hard Not To Like This Taxable Muni Fund At This Price

The municipal bond sector has been hit very hard in 2022. While this is unnerving, I believe it offers long-term investors an opportunity for buys. NBB in particular looks attractive because it has a discount to NAV nearing 8%, and it is relatively cheaper than its chief CEF rival.

06:14 29 Mar 2024 NBB

NBB: Mixed Outlook For The Year Ahead

Taxable munis continue to take on a more important role within the broader muni sector, so having some exposure helps to round out a portfolio.

NBB Financial details

Company Rating
Sell
Market Cap
450.62M
Income
-129.69M
Revenue
143.14M
Book val./share
16.01
Cash/share
0.78
Dividend
1.32
Dividend %
8.16%
Employees
-
Optionable
No
Shortable
Yes
Earnings
-
P/E
-9.19
Forward P/E
-
PEG
-0.22
P/S
-9.14
P/B
0.96
P/C
19.64
P/FCF
4.99
Quick Ratio
2.12
Current Ratio
2.12
Debt / Equity
0.8
LT Debt / Equity
0.4
-
-
EPS (TTM)
-4.46
EPS next Y
-
EPS next Q
1.58
EPS this Y
110.34%
EPS next Y
-
EPS next 5Y
-
EPS last 5Y
NAN%
Revenue last 5Y
NAN%
Revenue Q/Q
-44.22%
EPS Q/Q
-79.67%
-
-
-
-
SMA20
-
SMA50
-6.25%
SMA100
7.14%
Inst Own
32.32%
Inst Trans
1.07%
ROA
-7%
ROE
-10%
ROC
-0.07%
Gross Margin
100%
Oper. Margin
101%
Profit Margin
101%
Payout
-65%
Shs Outstand
29.39M
Shs Float
29.39M
-
-
-
-
Target Price
-
52W Range
13.67-16.66
52W High
-4.25%
52W Low
+17.85%
RSI
43
Rel Volume
0.79
Avg Volume
74.2K
Volume
58.87K
Perf Week
0.13%
Perf Month
-2.73%
Perf Quarter
8.27%
Perf Half Y
5.15%
-
-
-
-
Beta
0.55
-
-
Volatility
0.02%, 0.15%
Prev Close
-0.13%
Price
15.32
Change
0.2%

NBB Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2023-03-31

Metric History 2019-03-312020-03-312021-03-312022-03-31 2023-03-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
0.66-0.273.35-0.86-1.82
Net income per share
0.63-0.283.34-0.87-1.83
Operating cash flow per share
5.03-1.02-0.52-0.523.33
Free cash flow per share
5.03-1.02-0.52-0.523.33
Cash per share
000.2300
Book value per share
17.8819.8922.362017.54
Tangible book value per share
17.8819.8922.362017.54
Share holders equity per share
17.8819.8922.362017.54
Interest debt per share
7.1814.8116.9118.286.89
Market cap
671.97M523.92M619.41M571.92M460.29M
Enterprise value
787.39M723.93M850.13M832.35M649.15M
P/E ratio
32.65-67.356.76-22.86-8.81
Price to sales ratio
31.01-71.36.74-23.17-8.87
POCF ratio
4.09-18.72-43.39-38.24.85
PFCF ratio
4.09-18.72-43.39-38.24.85
P/B Ratio
1.150.961.0110.92
PTB ratio
1.150.961.0110.92
EV to sales
36.33-98.529.25-33.72-12.51
Enterprise value over EBITDA
32.33-269.989.28-36.24-12.42
EV to operating cash flow
4.79-25.86-59.56-55.66.83
EV to free cash flow
4.79-25.86-59.56-55.66.83
Earnings yield
0.03-0.010.15-0.04-0.11
Free cash flow yield
0.24-0.05-0.02-0.030.21
Debt to equity
0.40.740.750.910.38
Debt to assets
0.310.510.520.60.26
Net debt to EBITDA
4.74-74.592.52-11.34-3.61
Current ratio
0.110.162.944.792.12
Interest coverage
6.45-0.5339.34-11.21-6.57
Income quality
7.993.6-0.160.6-1.82
Dividend Yield
0.050.060.050.060.07
Payout ratio
1.7-4.170.33-1.4-0.65
Sales general and administrative to revenue
0.02-0.050-0.01-0.01
Research and developement to revenue
00000
Intangibles to total assets
00000
Capex to operating cash flow
00000
Capex to revenue
00000
Capex to depreciation
00000
Stock based compensation to revenue
00000
Graham number
15.9211.2840.9919.8326.87
ROIC
0.0300.09-0.02-0.08
Return on tangible assets
0.03-0.010.1-0.03-0.07
Graham Net
-4.97-7.98-9.32-10.18-7.86
Working capital
-106.15M-173.37M10.31M11.64M7.4M
Tangible asset value
584.1M544.17M613.16M572.09M500.78M
Net current asset value
-159.24M-210.18M-258.18M-287.59M-220.82M
Invested capital
0.40.740.750.910.38
Average receivables
12.27M22.65M24M15.17M14.35M
Average payables
2.8M3.99M5.19M4.19M4.83M
Average inventory
00000
Days sales outstanding
217.47-1.61K62.02-217.51-98.39
Days payables outstanding
204.12323.01339.29182.680
Days of inventory on hand
00000
Receivables turnover
1.68-0.235.89-1.68-3.71
Payables turnover
1.791.131.0820
Inventory turnover
00000
ROE
0.04-0.010.15-0.04-0.1
Capex per share
00000

Quarterly Fundamentals Overview

Last date of statement is 2023-09-30 for Q2

Metric History 2021-09-302022-03-312022-09-302023-03-31 2023-09-30
2.02K2.02K2.02K2.02K2.02K
Revenue per share
0.341.232.1801.2
Net income per share
1.33-2.18-30-0.61
Operating cash flow per share
0.380.932.1401.37
Free cash flow per share
0.380.932.1401.37
Cash per share
0.4600.0400.78
Book value per share
23.152016.65016.01
Tangible book value per share
23.152016.65016.01
Share holders equity per share
23.152016.65016.01
Interest debt per share
17.8918.2414.1013.07
Market cap
643.25M571.92M453.01M0427.11M
Enterprise value
893.96M832.35M655.13M188.86M616.17M
P/E ratio
4.31-2.29-1.310-5.91
Price to sales ratio
66.9216.227.18012.14
POCF ratio
59.8521.597.32010.57
PFCF ratio
59.8521.597.32010.57
P/B Ratio
0.9910.9400.91
PTB ratio
0.9910.9400.91
EV to sales
9323.610.39017.51
Enterprise value over EBITDA
23.33-13.58-7.810-51.05
EV to operating cash flow
83.1831.4310.59015.25
EV to free cash flow
83.1831.4310.59015.25
Earnings yield
0.06-0.11-0.190-0.04
Free cash flow yield
0.020.050.1400.09
Debt to equity
0.770.910.840.380.8
Debt to assets
0.530.60.560.260.54
Net debt to EBITDA
6.54-4.25-2.410-15.66
Current ratio
1.134.794.792.125.64
Interest coverage
39.02-57.49-30.750-2.02
Income quality
0.29-0.42-0.710-2.24
Dividend Yield
0.030.030.0400.03
Payout ratio
0.45-0.29-0.210-0.67
Sales general and administrative to revenue
00000
Research and developement to revenue
00000
Intangibles to total assets
00000
Capex to operating cash flow
00000
Capex to revenue
00000
Capex to depreciation
00000
Stock based compensation to revenue
00000
Graham number
26.3231.3133.53014.88
ROIC
0.03-0.06-0.090-0.01
Return on tangible assets
0.04-0.07-0.120-0.03
Graham Net
-9.88-10.18-7.970-6.07
Working capital
1.69M11.64M12.47M7.4M10.78M
Tangible asset value
650.11M572.09M480.83M500.78M470.72M
Net current asset value
-286.61M-287.59M-227.12M-220.82M-216.09M
Invested capital
0.770.910.840.380.8
Average receivables
15.08M14.62M15.24M14.88M13.54M
Average payables
9.08M7.96M3.18M4.94M4.46M
Average inventory
000017.98M
Days sales outstanding
136.1137.5422.5033.51
Days payables outstanding
378.3789.79109.43084.62
Days of inventory on hand
00001.31K
Receivables turnover
0.662.4402.69
Payables turnover
0.2410.8201.06
Inventory turnover
00000.07
ROE
0.06-0.11-0.180-0.04
Capex per share
00000

NBB Frequently Asked Questions

What is Nuveen Taxable Municipal Income Fund stock symbol ?

Nuveen Taxable Municipal Income Fund is a US stock , located in Chicago of Il and trading under the symbol NBB

What is Nuveen Taxable Municipal Income Fund stock quote today ?

Nuveen Taxable Municipal Income Fund stock price is $15.32 today.

Is Nuveen Taxable Municipal Income Fund stock public?

Yes, Nuveen Taxable Municipal Income Fund is a publicly traded company.

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