AllianceBernstein National Municipal Income Fund, Inc.
AFBFinancial ServicesNASDAQAsset Management
Scan Results
Daily timeframeAllianceBernstein National Municipal Income Fund, Inc. The company carries a $322.5M market cap, placing it firmly in the small-cap category. is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P.
Market Cap
$322.5M
Beta
0.66
P/E (TTM)
14.03
P/E (Fwd)
—
EPS (TTM)
$0.80
EPS (Fwd)
—
ROE
6.8%
ROA
2.7%
Cash
$276
Total Debt
$231.9M
Free CF
$7.3M
52W Change
11.0%
Annual Financials
Cash vs Debt
On the balance sheet, AFB has $276 in cash with $231.9M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $7.3M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 6.8% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.7% is on the lower side, which is common in asset-heavy industries. Revenue has grown from -$97.1M (2022) to $3.8M (2025), reflecting a 104% increase over the period.
With a beta below 0.7, AllianceBernstein National Municipal Income Fund, Inc. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. AllianceBernstein National Municipal Income Fund, Inc. carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence AllianceBernstein National Municipal Income Fund, Inc.'s trajectory.