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AllianceBernstein National Municipal Income Fund, Inc.
AFBFinancial ServicesNYSEUS
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Estimates, scoring, valuation assumptions, and peer comparison in one research surface.
Change the assumptions to see how revenue growth, margins, and exit multiples can move fair value.
| Year | Revenue | Margin | Profit | Free cash flow | Present value |
|---|---|---|---|---|---|
| 2026 | $14.50M | 23.8% | $3.45M | $7.61M | N/A |
| 2027 | $15.95M | 23.8% | $3.80M | $8.37M | $7.61M |
| 2028 | $17.54M | 23.8% | $4.18M | $9.21M | $7.61M |
| 2029 | $19.30M | 23.8% | $4.59M | $10.13M | $7.61M |
| 2030 | $21.23M | 23.8% | $5.05M | $11.15M | $7.61M |
| 2031 | $23.35M | 23.8% | $5.56M | $12.26M | $7.61M |
Projects EPS forward, applies an exit P/E, then discounts the result back to today.
| Base EPS | $0.12 | 2025-10-31 |
| EPS growth | -40.0% | Forecast years: 5 |
| Future EPS | $0.009 | EPS × (1 + G)^5 |
| Base P/E | 91.7 | P/E |
| Future price | $0.856 | Future EPS × P/E |
| Fair value today | $0.531 | PV @ 10.0% |
| 30% safety price | $0.372 | Margin of safety |
| 50% safety price | $0.266 | Margin of safety |
| Discount rate \\ Terminal growth | 1.5% | 2.5% | 3.5% |
|---|---|---|---|
| 9.0% | -$2.851 | -$2.225 | -$1.37 |
| 10.0% | -$3.484 | -$3.022 | -$2.418 |
| 11.0% | -$3.983 | -$3.631 | -$3.186 |