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Nuveen California AMT-Free Quality Municipal Income Fund NKX

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Price alert · NKX

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11.29 USD +0.14 (+1.26%)

Nov 4, 2026, 3:27 PM EST

11.16 Day range 11.33
10.30 52-week range 13.20
YTD
-9.24%
1 year
-12.55%

Financial health

Altman Z-Score

0.97 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

4 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B3 / 5 overall

  • DCF 3
  • Return on Equity 2
  • Return on Assets 4
  • Debt / Equity 3
  • P/E 1
  • P/B 3

Valuation

P/E -15.8×
FY 2016: 0.3×FY 2017: 0.0×FY 2018: 0.0×FY 2019: 5.7×FY 2020: -0.1×FY 2021: -78.6×FY 2022: -5.7×FY 2023: 13.5×FY 2024: 22.2×FY 2025: -15.8×
FY 2016 5y median -5.7× FY 2025
P/S 13.7×
FY 2016: 107×FY 2017: 18.1×FY 2018: 21.8×FY 2019: 5.6×FY 2020: 16.0×FY 2021: 15.0×FY 2022: 28.9×FY 2023: 12.9×FY 2024: 14.4×FY 2025: 13.7×
FY 2016 5y median 14.4× FY 2025
P/B 1.0×
FY 2016: 1.0×FY 2017: 0.9×FY 2018: 0.9×FY 2019: 0.9×FY 2020: 0.9×FY 2021: 0.9×FY 2022: 0.9×FY 2023: 0.9×FY 2024: 1.0×FY 2025: 1.0×
FY 2016 5y median 0.9× FY 2025
P/FCF 64.4×
FY 2016: -12.1×FY 2017: 63.4×FY 2018: 14.5×FY 2019: 29.3×FY 2020: 22.0×FY 2021: 25.9×FY 2022: 10.1×FY 2023: 20.5×FY 2024: 86.1×FY 2025: 64.4×
FY 2016 5y median 25.9× FY 2025
EV/EBITDA -47.9×
FY 2016: 17.9×FY 2017: 16.2×FY 2018: 17.6×FY 2019: 5.4×FY 2020: -1183×FY 2021: -250×FY 2022: -11.6×FY 2023: 16.6×FY 2024: 22.4×FY 2025: -47.9×
FY 2016 5y median -11.6× FY 2025
EV/Sales 23.9×
FY 2016: 108×FY 2017: 18.3×FY 2018: 21.7×FY 2019: 5.6×FY 2020: 26.0×FY 2021: 25.1×FY 2022: 51.2×FY 2023: 23.1×FY 2024: 24.2×FY 2025: 23.9×
FY 2016 5y median 24.2× FY 2025
FCF Yield 1.6%
FY 2016: -8.3%FY 2017: 1.6%FY 2018: 6.9%FY 2019: 3.4%FY 2020: 4.5%FY 2021: 3.9%FY 2022: 9.9%FY 2023: 4.9%FY 2024: 1.2%FY 2025: 1.6%
FY 2016 5y median 3.9% FY 2025

Profitability

Gross Margin 85.9%
FY 2016: -11.5%FY 2017: 80.2%FY 2018: 0.2%FY 2019: 0.0%FY 2020: 100.0%FY 2021: 84.0%FY 2022: 66.3%FY 2023: 85.3%FY 2024: 85.7%FY 2025: 85.9%
FY 2016 5y median 85.3% FY 2025
Operating Margin -50.0%
FY 2016: 35.1%FY 2017: 103.4%FY 2018: 0.1%FY 2019: 0.0%FY 2020: -2.2%FY 2021: -10.1%FY 2022: -443.3%FY 2023: 139.4%FY 2024: 107.8%FY 2025: -50.0%
FY 2016 5y median -10.1% FY 2025
Net Margin -87.4%
FY 2016: 35.1%FY 2017: 88.5%FY 2018: 87.6%FY 2019: 97.4%FY 2020: -15.1%FY 2021: -18.6%FY 2022: -502.5%FY 2023: 95.9%FY 2024: 65.3%FY 2025: -87.4%
FY 2016 5y median -18.6% FY 2025
ROE -6.5%
FY 2016: 0.3%FY 2017: 4.5%FY 2018: 3.6%FY 2019: 15.7%FY 2020: -0.9%FY 2021: -1.1%FY 2022: -15.7%FY 2023: 6.4%FY 2024: 4.6%FY 2025: -6.5%
FY 2016 5y median -1.1% FY 2025
ROIC -2.1%
FY 2016: -2.9%FY 2017: -0.7%FY 2018: 0.0%FY 2019: 0.0%FY 2020: -0.1%FY 2021: -0.4%FY 2022: -8.1%FY 2023: 5.4%FY 2024: 4.5%FY 2025: -2.1%
FY 2016 5y median -0.4% FY 2025
ROA -3.7%
FY 2016: 0.2%FY 2017: 2.7%FY 2018: 2.2%FY 2019: 10.1%FY 2020: -0.5%FY 2021: -0.7%FY 2022: -9.2%FY 2023: 3.8%FY 2024: 2.7%FY 2025: -3.7%
FY 2016 5y median -0.7% FY 2025

Growth (YoY)

Revenue -2.5%
FY 2016: -88.3%FY 2017: 465.7%FY 2018: -20.1%FY 2019: 351.1%FY 2020: -66.0%FY 2021: -0.4%FY 2022: -57.0%FY 2023: 118.3%FY 2024: 4.3%FY 2025: -2.5%
FY 2016 FY 2025
Operating Income -145.2%
FY 2016: -95.6%FY 2017: 1564.4%FY 2018: -99.9%FY 2019: -4.0%FY 2020: -2759.7%FY 2021: -356.5%FY 2022: -1793.7%FY 2023: 168.7%FY 2024: -19.4%FY 2025: -145.2%
FY 2016 FY 2025
EPS (diluted) -225.0%
FY 2016: -95.6%FY 2017: 1325.1%FY 2018: -20.5%FY 2019: -99.5%FY 2020: -5367.6%FY 2021: 99.9%FY 2022: -1033.3%FY 2023: 141.7%FY 2024: -29.4%FY 2025: -225.0%
FY 2016 FY 2025
Free Cash Flow 23.8%
FY 2016: -235.2%FY 2017: 118.2%FY 2018: 321.1%FY 2019: -43.1%FY 2020: 29.6%FY 2021: -20.4%FY 2022: 111.7%FY 2023: -51.5%FY 2024: -72.4%FY 2025: 23.8%
FY 2016 FY 2025

Financial Health

Current Ratio 3.9×
FY 2016: 3.3×FY 2017: 2.7×FY 2018: 8.0×FY 2019: 7.0×FY 2020: 2.3×FY 2021: 6.1×FY 2022: 6.6×FY 2023: 4.3×FY 2024: 0.4×FY 2025: 3.9×
FY 2016 5y median 4.3× FY 2025
Quick Ratio 3.9×
FY 2016: 3.3×FY 2017: 2.7×FY 2018: 8.0×FY 2019: 7.0×FY 2020: 2.3×FY 2021: 6.1×FY 2022: 6.6×FY 2023: 4.3×FY 2024: 0.4×FY 2025: 3.9×
FY 2016 5y median 4.3× FY 2025
Debt / Equity 0.8×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.0×FY 2019: 0.0×FY 2020: 0.6×FY 2021: 0.6×FY 2022: 0.7×FY 2023: 0.7×FY 2024: 0.7×FY 2025: 0.8×
FY 2016 5y median 0.7× FY 2025
Net Debt / EBITDA -20.4×
FY 2016: 0.0×FY 2017: 0.2×FY 2018: -0.1×FY 2019: 0.0×FY 2020: -455×FY 2021: -101×FY 2022: -5.1×FY 2023: 7.3×FY 2024: 9.0×FY 2025: -20.4×
FY 2016 5y median -5.1× FY 2025
Interest Coverage -1.3×
FY 2016: 0.8×FY 2017: 7.0×FY 2018: 0.0×FY 2019: 0.0×FY 2020: -0.3×FY 2021: -5.0×FY 2022: -10.0×FY 2023: 3.8×FY 2024: 0.0×FY 2025: -1.3×
FY 2016 5y median -1.3× FY 2025

Dividends

Dividend Yield 7.1%
FY 2016: 5.9%FY 2017: 5.5%FY 2018: 4.9%FY 2019: 4.0%FY 2020: 4.2%FY 2021: 4.7%FY 2022: 5.3%FY 2023: 4.4%FY 2024: 2.6%FY 2025: 7.1%
FY 2016 5y median 4.7% FY 2025
Payout Ratio -112.1%
FY 2016: 1811.6%FY 2017: 112.7%FY 2018: 121.2%FY 2019: 22.7%FY 2020: -448.1%FY 2021: -379.2%FY 2022: -30.4%FY 2023: 60.0%FY 2024: 58.5%FY 2025: -112.1%
FY 2016 5y median -30.4% FY 2025

Annual · latest fiscal year ends 2025-08-31