MORGAN STANLEY DIRECT LENDIN (MSDL) Fundamental Analysis & Valuation

NYSE:MSDL • US61774A1034

Current stock price

14.01 USD
-0.42 (-2.91%)
At close:
14.1 USD
+0.09 (+0.64%)
After Hours:

This MSDL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. MSDL Profitability Analysis

1.1 Basic Checks

  • In the past year MSDL was profitable.
  • MSDL had a positive operating cash flow in the past year.
  • MSDL had positive earnings in each of the past 5 years.
  • In the past 5 years MSDL reported 4 times negative operating cash flow.
MSDL Yearly Net Income VS EBIT VS OCF VS FCFMSDL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 2024 2025 0 -500M -1B -1.5B

1.2 Ratios

  • MSDL's Return On Assets of 3.11% is in line compared to the rest of the industry. MSDL outperforms 52.72% of its industry peers.
  • MSDL's Return On Equity of 6.98% is in line compared to the rest of the industry. MSDL outperforms 46.86% of its industry peers.
  • With a Return On Invested Capital value of 3.68%, MSDL perfoms like the industry average, outperforming 51.88% of the companies in the same industry.
  • MSDL had an Average Return On Invested Capital over the past 3 years of 4.40%. This is below the industry average of 7.28%.
Industry RankSector Rank
ROA 3.11%
ROE 6.98%
ROIC 3.68%
ROA(3y)5.2%
ROA(5y)4.12%
ROE(3y)10.7%
ROE(5y)8.52%
ROIC(3y)4.4%
ROIC(5y)3.81%
MSDL Yearly ROA, ROE, ROICMSDL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 30.73%, MSDL is in the better half of the industry, outperforming 76.99% of the companies in the same industry.
  • MSDL's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 45.02%, MSDL belongs to the top of the industry, outperforming 83.26% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MSDL has declined.
  • MSDL's Gross Margin of 47.07% is in line compared to the rest of the industry. MSDL outperforms 53.97% of its industry peers.
  • In the last couple of years the Gross Margin of MSDL has remained more or less at the same level.
Industry RankSector Rank
OM 45.02%
PM (TTM) 30.73%
GM 47.07%
OM growth 3Y-6.83%
OM growth 5YN/A
PM growth 3Y13.44%
PM growth 5YN/A
GM growth 3Y-1.19%
GM growth 5YN/A
MSDL Yearly Profit, Operating, Gross MarginsMSDL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2024 2025 20 40 60

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3

2. MSDL Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, MSDL has less shares outstanding
  • The debt/assets ratio for MSDL is higher compared to a year ago.
MSDL Yearly Shares OutstandingMSDL Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 2025 20M 40M 60M 80M
MSDL Yearly Total Debt VS Total AssetsMSDL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • MSDL has an Altman-Z score of 0.60. This is a bad value and indicates that MSDL is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of MSDL (0.60) is comparable to the rest of the industry.
  • The Debt to FCF ratio of MSDL is 13.83, which is on the high side as it means it would take MSDL, 13.83 years of fcf income to pay off all of its debts.
  • MSDL has a Debt to FCF ratio (13.83) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.19 is on the high side and indicates that MSDL has dependencies on debt financing.
  • MSDL's Debt to Equity ratio of 1.19 is in line compared to the rest of the industry. MSDL outperforms 41.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.19
Debt/FCF 13.83
Altman-Z 0.6
ROIC/WACCN/A
WACCN/A
MSDL Yearly LT Debt VS Equity VS FCFMSDL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 2024 2025 0 1B -1B 2B

2.3 Liquidity

  • MSDL has a Current Ratio of 1.39. This is a normal value and indicates that MSDL is financially healthy and should not expect problems in meeting its short term obligations.
  • MSDL has a Current ratio of 1.39. This is in the better half of the industry: MSDL outperforms 64.44% of its industry peers.
  • MSDL has a Quick Ratio of 1.39. This is a normal value and indicates that MSDL is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of MSDL (1.39) is better than 64.85% of its industry peers.
Industry RankSector Rank
Current Ratio 1.39
Quick Ratio 1.39
MSDL Yearly Current Assets VS Current LiabilitesMSDL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. MSDL Growth Analysis

3.1 Past

  • The earnings per share for MSDL have decreased strongly by -14.06% in the last year.
  • The Earnings Per Share has been growing by 36.51% on average over the past years. This is a very strong growth
  • MSDL shows a decrease in Revenue. In the last year, the revenue decreased by -4.52%.
  • The Revenue has been growing by 19.88% on average over the past years. This is quite good.
EPS 1Y (TTM)-14.06%
EPS 3Y36.51%
EPS 5YN/A
EPS Q2Q%8.77%
Revenue 1Y (TTM)-4.52%
Revenue growth 3Y19.88%
Revenue growth 5YN/A
Sales Q2Q%5.12%

3.2 Future

  • The Earnings Per Share is expected to decrease by -7.79% on average over the next years.
  • Based on estimates for the next years, MSDL will show a decrease in Revenue. The Revenue will decrease by -9.67% on average per year.
EPS Next Y-12.57%
EPS Next 2Y-7.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-9.26%
Revenue Next 2Y-10.29%
Revenue Next 3Y-9.67%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MSDL Yearly Revenue VS EstimatesMSDL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M
MSDL Yearly EPS VS EstimatesMSDL Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 0.5 1 1.5 2 2.5

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Find the best growth stocksShow best growing peers

6

4. MSDL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 6.55, the valuation of MSDL can be described as very cheap.
  • 82.01% of the companies in the same industry are more expensive than MSDL, based on the Price/Earnings ratio.
  • MSDL is valuated cheaply when we compare the Price/Earnings ratio to 24.88, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 7.49, the valuation of MSDL can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, MSDL is valued cheaply inside the industry as 81.17% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 22.19. MSDL is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 6.55
Fwd PE 7.49
MSDL Price Earnings VS Forward Price EarningsMSDL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 76.15% of the companies in the same industry are more expensive than MSDL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.95
EV/EBITDA N/A
MSDL Per share dataMSDL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • A cheap valuation may be justified as MSDL's earnings are expected to decrease with -7.79% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.79%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. MSDL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 13.54%, MSDL is a good candidate for dividend investing.
  • MSDL's Dividend Yield is rather good when compared to the industry average which is at 6.73. MSDL pays more dividend than 81.17% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.90, MSDL pays a better dividend.
Industry RankSector Rank
Dividend Yield 13.54%

5.2 History

  • MSDL has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
MSDL Yearly Dividends per shareMSDL Yearly Dividends per shareYearly Dividends per share 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • MSDL pays out 150.73% of its income as dividend. This is not a sustainable payout ratio.
DP150.73%
EPS Next 2Y-7.79%
EPS Next 3YN/A
MSDL Yearly Income VS Free CF VS DividendMSDL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2021 2022 2023 2024 2025 0 -500M -1B -1.5B
MSDL Dividend Payout.MSDL Dividend Payout, showing the Payout Ratio.MSDL Dividend Payout.PayoutRetained Earnings

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MSDL Fundamentals: All Metrics, Ratios and Statistics

MORGAN STANLEY DIRECT LENDIN

NYSE:MSDL (3/27/2026, 8:04:00 PM)

After market: 14.1 +0.09 (+0.64%)

14.01

-0.42 (-2.91%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-26
Earnings (Next)05-06
Inst Owners32.36%
Inst Owner Change17.35%
Ins Owners0.18%
Ins Owner Change20.73%
Market Cap1.20B
Revenue(TTM)397.29M
Net Income(TTM)122.09M
Analysts73.85
Price Target17.89 (27.69%)
Short Float %1.87%
Short Ratio1.79
Dividend
Industry RankSector Rank
Dividend Yield 13.54%
Yearly Dividend2.11
Dividend Growth(5Y)N/A
DP150.73%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)10.09%
Min EPS beat(2)-2.79%
Max EPS beat(2)22.97%
EPS beat(4)1
Avg EPS beat(4)2.01%
Min EPS beat(4)-7.31%
Max EPS beat(4)22.97%
EPS beat(8)2
Avg EPS beat(8)-0.8%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)2.08%
Min Revenue beat(2)-1.1%
Max Revenue beat(2)5.27%
Revenue beat(4)1
Avg Revenue beat(4)-2.08%
Min Revenue beat(4)-9.79%
Max Revenue beat(4)5.27%
Revenue beat(8)3
Avg Revenue beat(8)-2.34%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-0.81%
EPS NQ rev (1m)-3.57%
EPS NQ rev (3m)-3.28%
EPS NY rev (1m)-1.08%
EPS NY rev (3m)-0.85%
Revenue NQ rev (1m)-1.75%
Revenue NQ rev (3m)-1.75%
Revenue NY rev (1m)-1.46%
Revenue NY rev (3m)-1.46%
Valuation
Industry RankSector Rank
PE 6.55
Fwd PE 7.49
P/S 3.02
P/FCF 7.95
P/OCF 7.95
P/B 0.69
P/tB 0.69
EV/EBITDA N/A
EPS(TTM)2.14
EY15.27%
EPS(NY)1.87
Fwd EY13.35%
FCF(TTM)1.76
FCFY12.58%
OCF(TTM)1.76
OCFY12.58%
SpS4.64
BVpS20.41
TBVpS20.41
PEG (NY)N/A
PEG (5Y)N/A
Graham Number31.35
Profitability
Industry RankSector Rank
ROA 3.11%
ROE 6.98%
ROCE 4.66%
ROIC 3.68%
ROICexc 3.76%
ROICexgc 3.76%
OM 45.02%
PM (TTM) 30.73%
GM 47.07%
FCFM 37.98%
ROA(3y)5.2%
ROA(5y)4.12%
ROE(3y)10.7%
ROE(5y)8.52%
ROIC(3y)4.4%
ROIC(5y)3.81%
ROICexc(3y)4.49%
ROICexc(5y)3.9%
ROICexgc(3y)4.49%
ROICexgc(5y)3.9%
ROCE(3y)5.57%
ROCE(5y)4.82%
ROICexgc growth 3Y1.78%
ROICexgc growth 5YN/A
ROICexc growth 3Y1.78%
ROICexc growth 5YN/A
OM growth 3Y-6.83%
OM growth 5YN/A
PM growth 3Y13.44%
PM growth 5YN/A
GM growth 3Y-1.19%
GM growth 5YN/A
F-Score5
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 1.19
Debt/FCF 13.83
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 1.41
Cash Conversion N/A
Profit Quality 123.59%
Current Ratio 1.39
Quick Ratio 1.39
Altman-Z 0.6
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-14.06%
EPS 3Y36.51%
EPS 5YN/A
EPS Q2Q%8.77%
EPS Next Y-12.57%
EPS Next 2Y-7.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-4.52%
Revenue growth 3Y19.88%
Revenue growth 5YN/A
Sales Q2Q%5.12%
Revenue Next Year-9.26%
Revenue Next 2Y-10.29%
Revenue Next 3Y-9.67%
Revenue Next 5YN/A
EBIT growth 1Y-19.68%
EBIT growth 3Y11.69%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y139.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y139.45%
OCF growth 3YN/A
OCF growth 5YN/A

MORGAN STANLEY DIRECT LENDIN / MSDL Fundamental Analysis FAQ

What is the fundamental rating for MSDL stock?

ChartMill assigns a fundamental rating of 4 / 10 to MSDL.


What is the valuation status of MORGAN STANLEY DIRECT LENDIN (MSDL) stock?

ChartMill assigns a valuation rating of 6 / 10 to MORGAN STANLEY DIRECT LENDIN (MSDL). This can be considered as Fairly Valued.


What is the profitability of MSDL stock?

MORGAN STANLEY DIRECT LENDIN (MSDL) has a profitability rating of 4 / 10.


What is the financial health of MORGAN STANLEY DIRECT LENDIN (MSDL) stock?

The financial health rating of MORGAN STANLEY DIRECT LENDIN (MSDL) is 3 / 10.


Can you provide the expected EPS growth for MSDL stock?

The Earnings per Share (EPS) of MORGAN STANLEY DIRECT LENDIN (MSDL) is expected to decline by -12.57% in the next year.