MORGAN STANLEY DIRECT LENDIN (MSDL) Stock Fundamental Analysis

NYSE:MSDL • US61774A1034

15.93 USD
-0.04 (-0.25%)
At close: Feb 12, 2026
15.93 USD
0 (0%)
After Hours: 2/12/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to MSDL. MSDL was compared to 238 industry peers in the Capital Markets industry. Both the profitability and financial health of MSDL have multiple concerns. MSDL is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • MSDL had positive earnings in the past year.
  • In the past year MSDL had a positive cash flow from operations.
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 0 -500M -1B -1.5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.69%, MSDL is in line with its industry, outperforming 58.40% of the companies in the same industry.
  • MSDL has a Return On Equity (8.18%) which is in line with its industry peers.
  • MSDL's Return On Invested Capital of 3.83% is in line compared to the rest of the industry. MSDL outperforms 54.62% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MSDL is below the industry average of 7.22%.
Industry RankSector Rank
ROA 3.69%
ROE 8.18%
ROIC 3.83%
ROA(3y)4.71%
ROA(5y)N/A
ROE(3y)9.53%
ROE(5y)N/A
ROIC(3y)4.33%
ROIC(5y)N/A
MSDL Yearly ROA, ROE, ROICMSDL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • MSDL has a Profit Margin of 35.91%. This is amongst the best in the industry. MSDL outperforms 81.09% of its industry peers.
  • MSDL's Profit Margin has declined in the last couple of years.
  • The Operating Margin of MSDL (46.21%) is better than 82.77% of its industry peers.
  • In the last couple of years the Operating Margin of MSDL has declined.
  • With a Gross Margin value of 47.20%, MSDL perfoms like the industry average, outperforming 52.94% of the companies in the same industry.
  • MSDL's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 46.21%
PM (TTM) 35.91%
GM 47.2%
OM growth 3Y-4.23%
OM growth 5YN/A
PM growth 3Y-9.32%
PM growth 5YN/A
GM growth 3Y-2.84%
GM growth 5YN/A
MSDL Yearly Profit, Operating, Gross MarginsMSDL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • MSDL has more shares outstanding than it did 1 year ago.
  • Compared to 1 year ago, MSDL has a worse debt to assets ratio.
MSDL Yearly Shares OutstandingMSDL Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 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 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 0.65, we must say that MSDL is in the distress zone and has some risk of bankruptcy.
  • MSDL has a Altman-Z score (0.65) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of MSDL is 2156.50, which is on the high side as it means it would take MSDL, 2156.50 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2156.50, MSDL is in line with its industry, outperforming 49.58% of the companies in the same industry.
  • MSDL has a Debt/Equity ratio of 1.17. This is a high value indicating a heavy dependency on external financing.
  • MSDL has a Debt to Equity ratio of 1.17. This is comparable to the rest of the industry: MSDL outperforms 42.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF 2156.5
Altman-Z 0.65
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 0 1B -1B

2.3 Liquidity

  • A Current Ratio of 1.46 indicates that MSDL should not have too much problems paying its short term obligations.
  • MSDL has a better Current ratio (1.46) than 67.65% of its industry peers.
  • A Quick Ratio of 1.46 indicates that MSDL should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.46, MSDL is in the better half of the industry, outperforming 68.49% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.46
Quick Ratio 1.46
MSDL Yearly Current Assets VS Current LiabilitesMSDL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 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. Growth

3.1 Past

  • MSDL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.31%.
  • Measured over the past years, MSDL shows a very strong growth in Earnings Per Share. The EPS has been growing by 37.13% on average per year.
  • MSDL shows a decrease in Revenue. In the last year, the revenue decreased by -2.43%.
  • MSDL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 51.43% yearly.
EPS 1Y (TTM)-19.31%
EPS 3Y37.13%
EPS 5YN/A
EPS Q2Q%-24.24%
Revenue 1Y (TTM)-2.43%
Revenue growth 3Y51.43%
Revenue growth 5YN/A
Sales Q2Q%-9.14%

3.2 Future

  • The Earnings Per Share is expected to decrease by -9.83% on average over the next years.
  • The Revenue is expected to decrease by -5.38% on average over the next years.
EPS Next Y-17.25%
EPS Next 2Y-12.85%
EPS Next 3Y-9.83%
EPS Next 5YN/A
Revenue Next Year-5.21%
Revenue Next 2Y-6.57%
Revenue Next 3Y-5.38%
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 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

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 7.62, the valuation of MSDL can be described as very cheap.
  • MSDL's Price/Earnings ratio is a bit cheaper when compared to the industry. MSDL is cheaper than 78.15% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of MSDL to the average of the S&P500 Index (27.67), we can say MSDL is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 8.42, the valuation of MSDL can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MSDL indicates a rather cheap valuation: MSDL is cheaper than 82.35% of the companies listed in the same industry.
  • MSDL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.69.
Industry RankSector Rank
PE 7.62
Fwd PE 8.42
MSDL Price Earnings VS Forward Price EarningsMSDL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • MSDL's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 1439
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

  • MSDL's earnings are expected to decrease with -9.83% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-12.85%
EPS Next 3Y-9.83%

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

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 13.18%, MSDL is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 6.12, MSDL pays a better dividend. On top of this MSDL pays more dividend than 84.87% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, MSDL pays a better dividend.
Industry RankSector Rank
Dividend Yield 13.18%

5.2 History

  • MSDL does not have a reliable dividend history as it only pays dividend since a couple or years.
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 0.5 1 1.5 2 2.5

5.3 Sustainability

  • 133.85% of the earnings are spent on dividend by MSDL. This is not a sustainable payout ratio.
DP133.85%
EPS Next 2Y-12.85%
EPS Next 3Y-9.83%
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 0 -500M -1B -1.5B
MSDL Dividend Payout.MSDL Dividend Payout, showing the Payout Ratio.MSDL Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

MORGAN STANLEY DIRECT LENDIN

NYSE:MSDL (2/12/2026, 8:04:00 PM)

After market: 15.93 0 (0%)

15.93

-0.04 (-0.25%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)11-06
Earnings (Next)02-26
Inst Owners26.53%
Inst Owner Change3.9%
Ins Owners0.18%
Ins Owner Change35.01%
Market Cap1.38B
Revenue(TTM)403.72M
Net Income(TTM)145.00M
Analysts75.38
Price Target17.89 (12.3%)
Short Float %0.61%
Short Ratio0.64
Dividend
Industry RankSector Rank
Dividend Yield 13.18%
Yearly Dividend1.91
Dividend Growth(5Y)N/A
DP133.85%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.81%
Min EPS beat(2)-4.82%
Max EPS beat(2)-2.79%
EPS beat(4)0
Avg EPS beat(4)-6.27%
Min EPS beat(4)-10.16%
Max EPS beat(4)-2.79%
EPS beat(8)1
Avg EPS beat(8)-3.77%
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)0
Avg Revenue beat(2)-5.44%
Min Revenue beat(2)-9.79%
Max Revenue beat(2)-1.1%
Revenue beat(4)0
Avg Revenue beat(4)-5.71%
Min Revenue beat(4)-9.79%
Max Revenue beat(4)-1.1%
Revenue beat(8)3
Avg Revenue beat(8)-2.83%
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)-0.81%
PT rev (3m)-3.03%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.99%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.97%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.12%
Valuation
Industry RankSector Rank
PE 7.62
Fwd PE 8.42
P/S 3.43
P/FCF 1439
P/OCF 1439
P/B 0.78
P/tB 0.78
EV/EBITDA N/A
EPS(TTM)2.09
EY13.12%
EPS(NY)1.89
Fwd EY11.87%
FCF(TTM)0.01
FCFY0.07%
OCF(TTM)0.01
OCFY0.07%
SpS4.65
BVpS20.41
TBVpS20.41
PEG (NY)N/A
PEG (5Y)N/A
Graham Number30.98
Profitability
Industry RankSector Rank
ROA 3.69%
ROE 8.18%
ROCE 4.85%
ROIC 3.83%
ROICexc 3.9%
ROICexgc 3.9%
OM 46.21%
PM (TTM) 35.91%
GM 47.2%
FCFM 0.24%
ROA(3y)4.71%
ROA(5y)N/A
ROE(3y)9.53%
ROE(5y)N/A
ROIC(3y)4.33%
ROIC(5y)N/A
ROICexc(3y)4.43%
ROICexc(5y)N/A
ROICexgc(3y)4.43%
ROICexgc(5y)N/A
ROCE(3y)5.48%
ROCE(5y)N/A
ROICexgc growth 3Y24.43%
ROICexgc growth 5YN/A
ROICexc growth 3Y24.43%
ROICexc growth 5YN/A
OM growth 3Y-4.23%
OM growth 5YN/A
PM growth 3Y-9.32%
PM growth 5YN/A
GM growth 3Y-2.84%
GM growth 5YN/A
F-Score4
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF 2156.5
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 1.55
Cash Conversion N/A
Profit Quality 0.66%
Current Ratio 1.46
Quick Ratio 1.46
Altman-Z 0.65
F-Score4
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)-19.31%
EPS 3Y37.13%
EPS 5YN/A
EPS Q2Q%-24.24%
EPS Next Y-17.25%
EPS Next 2Y-12.85%
EPS Next 3Y-9.83%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.43%
Revenue growth 3Y51.43%
Revenue growth 5YN/A
Sales Q2Q%-9.14%
Revenue Next Year-5.21%
Revenue Next 2Y-6.57%
Revenue Next 3Y-5.38%
Revenue Next 5YN/A
EBIT growth 1Y-18.14%
EBIT growth 3Y45.02%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-345.62%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-345.62%
OCF growth 3YN/A
OCF growth 5YN/A

MORGAN STANLEY DIRECT LENDIN / MSDL FAQ

What is the fundamental rating for MSDL stock?

ChartMill assigns a fundamental rating of 3 / 10 to MSDL.


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

ChartMill assigns a valuation rating of 5 / 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 3 / 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 -17.25% in the next year.