abrdn National Municipal Income Fund

VFLAMEXFinancial Services● Active

$10.25

$-0.00(-0.00%)

Market Cap$125849531

P/E Ratio—

52W High$10.5

52W Low$9.38

Avg Volume35K

Open$10.25

Beta0.76

Free Cash Flow Financials Revenue

abrdn National Municipal Income Fund (VFL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

VFL · free cash flow · updated Jun 13, 2026

Core FCF metrics

VFL · FCF · TTM · margin & CAGR

Free cash flow was $5.1M for FY2024 (fiscal year ending 2024-09-30), up 193.8% year-over-year The FCF margin was 14.0%. Five-year CAGR stands at -1.6%.

FY2024 Free Cash Flow$5.1M▲ +193.8% YoY

Trailing 12M (TTM)$11.0Mtrailing 4 quarters sum

FCF Margin14.0%$5.1M ÷ revenue

3-Year CAGR-19.5%FY2021 → FY2024

5-Year CAGR-1.6%FY2019 → FY2024

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 13, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

VFL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2024Latest$5.1M(0M)$5.1M▲ +193.8%14.0%

FY2023−$5.4M(0M)−$5.4M▼ 103.7%-235.2%

FY2023$145.4M(0M)$145.4M▲ +1388.5%—

FY2022$9.8M(0M)$9.8M▲ +6875.3%—

FY2021$140,079(0M)$140,079▼ 97.5%1.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

VFL · P/FCF · FCF yield · FCF per share

abrdn National Municipal Income Fund (VFL) trades at a FCF yield of 4.71% and a price-to-free-cash-flow ratio of 11.4x. FCF per share stands at $0.90, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.71%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.90

TTM FCF ÷ Shares Outstanding

Price / FCF

x11.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x21.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2024 · 2024-09-30

Cash flow statement summary

VFL · cash flow statement · operating / investing / financing

For FY2024, abrdn National Municipal Income Fund generated $5.1M in operating cash flow and spent 0M in capital expenditures, yielding $5.1M in free cash flow.

Operating Activities

+$5.1M

Cash from core business operations

2024-09-30

Investing Activities

+$1.2M

CapEx, acquisitions & investments

2024-09-30

Financing Activities

−$6.2M

Buybacks, dividends & debt

2024-09-30

FCF FormulaOperating CF ($5.1M) − |CapEx| (0M) = FCF ($5.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

VFL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

abrdn National Municipal Income FundYOU

VFL

$5.1M+193.8%—

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

abrdn National Municipal Income Fund (VFL) reported free cash flow of $5.1M for FY2024 (fiscal year ending 2024-09-30), up 193.8% year-over-year. The FCF margin was 14.0%.

Based on available data, abrdn National Municipal Income Fund has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $145.4M in FY2023. The 5-year CAGR stands at -1.6%.

abrdn National Municipal Income Fund's FCF yield is 4.71% and price-to-FCF ratio is 11.4x for FY2024, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

VFL free cash flow · 8 questions

abrdn National Municipal Income Fund free cash flow was $5.1M for FY2024, up 193.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $11.0M.

VFL free cash flowVFL FCFVFL FCF 2024VFL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · abrdn National Municipal Income Fund · abrdn National Municipal Income Fund SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 13, 2026