Nuveen California Select Tax-Free Income Portfolio (NXC) 10-Year Financial Performance & Capital Metrics

NXC • • Banking & Credit

Financial ServicesIncome Asset ManagementMunicipal Bond Income FundsState-Specific Municipal Bond Funds

AboutNuveen California Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California. The fund invests in the securities of companies that operate across diversified sectors. It primarily invests in municipal bonds. The fund employs fundamental analysis to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital California Municipal Bond Index and S&P California Municipal Bond Index. Nuveen California Select Tax-Free Income Portfolio was formed on June 19, 1992 and is domiciled in the United States.Show more

Net Interest Income -$7K -100.2%
Total Revenue $4M -28.6%
Net Income $2M -55.9%
Return on Equity 2.54% -56.2%
Net Interest Margin -0.01% -100.2%
Efficiency Ratio 9.16% +433.9%
ROA 2.52% -56.2%
Equity / Assets 99.59%
Book Value per Share 13.79 -1.4%
Tangible BV/Share 13.79 -1.4%
Debt/Equity 0.00

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Efficient operations: 9.2% efficiency ratio
✓Well capitalized: 99.6% equity/assets
✓Diversified revenue: 100.0% from non-interest income
✓Trading near 52-week high
✓Trading at only 1.0x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.6%
✗Profits declining 13.7% over 5 years
✗Weak Piotroski F-Score: 3/9
✗Weak NIM of -0.0%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-1.88%

5Y-5.07%

3Y1.9%

TTM-

Profit (Net Income) CAGR

10Y-13.26%

5Y-13.73%

3Y-

TTM199.51%

EPS CAGR

10Y-13.49%

5Y-13.91%

3Y-

TTM223.02%

ROCE

10Y Avg2.89%

5Y Avg2.42%

3Y Avg1.02%

Latest3.79%

Peer Comparison

State-Specific Municipal Bond Funds

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NXCNuveen California Select Tax-Free Income Portfolio	85.77M	13.29	37.97	-28.59%	60.71%	8.31%		0.00
NXNNuveen New York Select Tax-Free Income Portfolio	47.65M	12.14	30.35	5.55%	71.73%	5.13%

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Feb 2022	Feb 2023	Feb 2024	Feb 2025
Net Interest Income+	0	0	0	0	0	0	-367	3.55M	3.69M	-6.99K
NII Growth %	-	-	-	-	-	-	-	9677.47%	0.04%	-1%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	3.55M	3.7M	0
Interest Expense	0	0	0	0	0	0	367	44	1.8K	6.99K
Loan Loss Provision	296.67K	298.11K	300.16K	938.57K	1.07M	300.57K	-367	-44	-1.8K	-6.99K
Non-Interest Income+	4.52M	4.03M	4.3M	4.66M	4.8M	4.08M	3.5M	-1.7M	1.49M	3.7M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	4.52M	4.03M	4.3M	4.66M	4.8M	4.08M	3.5M	1.85M	5.19M	3.7M
Revenue Growth %	0.01%	-0.11%	0.07%	0.08%	0.03%	-0.15%	-0.14%	-0.47%	1.81%	-0.29%
Non-Interest Expense	-986.13K	3.93M	109.14K	271.81K	99.92K	94.77K	350.37K	323.17K	89K	339.3K
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	5.21M	231.34K	4.19M	3.2M	3.38M	5.85M	3.15M	-5.99M	5.1M	3.36M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.26%	-0.96%	17.13%	-0.24%	0.05%	0.73%	-0.46%	-2.9%	1.85%	-0.34%
Pretax Income+	5.21M	231.34K	4.19M	4.39M	4.7M	5.85M	-1.39M	-5.99M	5.1M	2.25M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	-3.57M	0	1.18M	0	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	5.21M	231.34K	4.19M	4.39M	4.7M	5.85M	-1.39M	-5.99M	5.1M	2.25M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.44%	-0.96%	17.13%	0.05%	0.07%	0.24%	-1.24%	-3.31%	1.85%	-0.56%
Net Income (Continuing)	5.21M	231.34K	4.19M	4.39M	4.7M	5.85M	-1.39M	-5.99M	5.1M	2.25M
EPS (Diluted)+	0.83	0.04	0.66	0.69	0.74	0.92	-0.20	-0.94	0.80	0.35
EPS Growth %	-0.44%	-0.96%	16.93%	0.05%	0.07%	0.24%	-1.22%	-3.7%	1.85%	-0.56%
EPS (Basic)	0.83	0.04	0.66	0.69	0.74	0.92	-0.20	-0.94	0.80	0.35
Diluted Shares Outstanding	6.28M	6.29M	6.35M	6.36M	6.35M	6.36M	6.36M	6.36M	6.36M	6.41M

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Feb 2022	Feb 2023	Feb 2024	Feb 2025
Cash & Short Term Investments+	666.88K	481.38K	1000K	206.73K	0	1000K	0	959.41K	118.75K	390.88K
Cash & Due from Banks	666.88K	481.38K	2.79M	206.73K	0	1.09M	0	959.41K	118.75K	390.88K
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	97.18M	91.98M	88.66M	95.42M	97.18M	99.37M	94.48M	85.69M	88.22M	87.46M
Investments Growth %	-0.02%	-0.05%	-0.04%	0.08%	0.02%	0.02%	-0.05%	-0.09%	0.03%	-0.01%
Long-Term Investments	97.18M	91.98M	88.66M	95.42M	97.18M	99.37M	94.48M	85.69M	88.22M	87.46M
Accounts Receivables	0	0	0	0	1000K	1000K	1000K	906.26K	812.81K	768.29K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	23.8K	23.35K	-88.66M	-95.42M	0	0	32.6K	0	0	171.71K
Total Current Assets	1.69M	2.68M	6.98M	1.47M	1.8M	2.14M	2.82M	1.87M	931.56K	1.16M
Total Non-Current Assets	97.2M	92.01M	88.66M	95.42M	97.18M	99.37M	94.51M	85.69M	88.22M	87.63M
Total Assets+	98.89M	94.69M	95.73M	96.92M	99M	101.54M	97.33M	87.59M	89.34M	88.79M
Asset Growth %	-0.02%	-0.04%	0.01%	0.01%	0.02%	0.03%	-0.04%	-0.1%	0.02%	-0.01%
Return on Assets (ROA)	0.05%	0%	0.04%	0.05%	0.05%	0.06%	-0.01%	-0.06%	0.06%	0.03%
Accounts Payable	0	0	268.98K	249.87K	266.35K	829.61K	0	267.47K	278.84K	280.64K
Total Debt+	0	0	0	0	626.46K	0	621.88K	0	0	6.48K
Net Debt	-666.88K	-481.38K	-2.79M	-206.73K	626.46K	-1.09M	621.88K	-959.41K	-118.75K	-390.88K
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Short-Term Debt	0	0	0	0	626.46K	0	621.88K	0	0	6.48K
Other Liabilities	0	0	0	0	0	113.95K	0	99.93K	96.4K	81.75K
Total Current Liabilities	395.33K	381.63K	268.98K	344.22K	266.35K	829.61K	979.06K	267.47K	278.84K	280.64K
Total Non-Current Liabilities	395.33K	381.63K	368.11K	344.22K	626.46K	113.95K	357.19K	99.93K	96.4K	81.75K
Total Liabilities	395.33K	381.63K	368.11K	344.22K	991.95K	943.57K	979.06K	267.47K	375.24K	362.39K
Total Equity+	98.49M	94.31M	95.36M	96.57M	98.01M	100.6M	96.35M	87.22M	88.97M	88.42M
Equity Growth %	0.01%	-0.04%	0.01%	0.01%	0.01%	0.03%	-0.04%	-0.09%	0.02%	-0.01%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.05%	0%	0.04%	0.05%	0.05%	0.06%	-0.01%	-0.07%	0.06%	0.03%
Book Value per Share	15.68	15.00	15.01	15.19	15.43	15.83	15.15	13.71	13.98	13.79
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	62.81K	62.87K	63.5K	63.5K	63.52K	63.56K	63.61K	63.62K	63.62K	64.12K
Additional Paid-in Capital	0	0	88.43M	88.36M	88.39M	88.45M	88.53M	88.54M	88.55M	89.24M
Retained Earnings	-19.83K	-105.51K	-167.12K	8.15M	9.56M	12.08M	7.76M	-1.38M	355.14K	-881.01K
Accumulated OCI	10.97M	6.78M	7.03M	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	1	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Feb 2022	Feb 2023	Feb 2024	Feb 2025
Cash from Operations+	0	0	0	0	0	0	0	0	0	0
Operating CF Growth %	-	-	-	-	-	-	-	-	-	-
Net Income	5.21M	231.34K	4.19M	4.39M	4.7M	5.85M	-1.39M	-5.99M	5.1M	2.25M
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-5.21M	-231.34K	-4.19M	-4.39M	-4.7M	-5.85M	1.39M	5.99M	-5.1M	-2.25M
Working Capital Changes	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	0	0	0	0	0	0	0	0	0	0
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale/Maturity of Investments	0	0	0	0	0	0	0	0	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	0	0	0	0	0	0	0	0	0	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	0	0	0	0	0	0	0
Other Financing	0	0	0	0	0	0	0	0	0	0
Net Change in Cash+	0	0	0	-2.58M	0	0	0	0	0	0
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	0	0	0	2.79M	206.73K	206.73K	1.09M	0	0	0
Cash at End	0	0	0	206.73K	206.73K	1.09M	1.09M	0	0	0
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	0	0	0	0	0	0	0	0	0	0
FCF Growth %	-	-	-	-	-	-	-	-	-	-

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.32%	0.24%	4.42%	4.57%	4.83%	5.89%	-1.41%	-6.53%	5.79%	2.54%
Return on Assets (ROA)	5.21%	0.24%	4.41%	4.55%	4.8%	5.84%	-1.4%	-6.48%	5.76%	2.52%
Net Interest Margin	0%	0%	0%	0%	0%	0%	-0%	4.05%	4.13%	-0.01%
Efficiency Ratio	-21.8%	97.53%	2.54%	5.83%	2.08%	2.32%	10.01%	17.5%	1.72%	9.16%
Equity / Assets	99.6%	99.6%	99.62%	99.64%	99%	99.07%	98.99%	99.58%	99.58%	99.59%
Book Value / Share	15.68	15	15.01	15.19	15.43	15.83	15.15	13.71	13.98	13.79
NII Growth	-	-	-	-	-	-	-	967746.87%	4.02%	-100.19%

Frequently Asked Questions

Valuation & Price

Nuveen California Select Tax-Free Income Portfolio (NXC) has a price-to-earnings (P/E) ratio of 38.0x. This suggests investors expect higher future growth.

Growth & Financials

Nuveen California Select Tax-Free Income Portfolio (NXC) saw revenue decline by 28.6% over the past year.

Yes, Nuveen California Select Tax-Free Income Portfolio (NXC) is profitable, generating $7.3M in net income for fiscal year 2024 (60.7% net margin).

Dividend & Returns

Nuveen California Select Tax-Free Income Portfolio (NXC) has a return on equity (ROE) of 2.5%. This is below average, suggesting room for improvement.

Industry Metrics

Nuveen California Select Tax-Free Income Portfolio (NXC) has a net interest margin (NIM) of -0.0%. NIM has been under pressure due to interest rate environment.

Nuveen California Select Tax-Free Income Portfolio (NXC) has an efficiency ratio of 9.2%. This is excellent, indicating strong cost control.

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