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MSC INCOME FUND INC (MSIF) Stock Fundamental Analysis

NYSE:MSIF - New York Stock Exchange, Inc. - US55374X2080 - Common Stock - Currency: USD

14.43  +0.06 (+0.42%)

After market: 14.5 +0.07 (+0.49%)

Fundamental Rating

4

MSIF gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 237 industry peers in the Capital Markets industry. While MSIF is still in line with the averages on profitability rating, there are concerns on its financial health. MSIF is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year MSIF was profitable.
The reported net income has been mixed in the past 5 years: MSIF reported negative net income in multiple years.
In multiple years MSIF reported negative operating cash flow during the last 5 years.
MSIF Yearly Net Income VS EBIT VS OCF VS FCFMSIF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200M -400M

1.2 Ratios

MSIF's Return On Assets of 4.68% is fine compared to the rest of the industry. MSIF outperforms 67.51% of its industry peers.
Looking at the Return On Equity, with a value of 8.60%, MSIF is in line with its industry, outperforming 51.05% of the companies in the same industry.
MSIF has a Return On Invested Capital of 3.65%. This is comparable to the rest of the industry: MSIF outperforms 45.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MSIF is below the industry average of 7.85%.
Industry RankSector Rank
ROA 4.68%
ROE 8.6%
ROIC 3.65%
ROA(3y)4.85%
ROA(5y)N/A
ROE(3y)9.06%
ROE(5y)N/A
ROIC(3y)3.92%
ROIC(5y)N/A
MSIF Yearly ROA, ROE, ROICMSIF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

MSIF has a better Profit Margin (46.11%) than 90.72% of its industry peers.
The Operating Margin of MSIF (44.42%) is better than 77.22% of its industry peers.
In the last couple of years the Operating Margin of MSIF has remained more or less at the same level.
MSIF's Gross Margin of 56.31% is fine compared to the rest of the industry. MSIF outperforms 66.67% of its industry peers.
Industry RankSector Rank
OM 44.42%
PM (TTM) 46.11%
GM 56.31%
OM growth 3Y-19.55%
OM growth 5Y1.23%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
MSIF Yearly Profit, Operating, Gross MarginsMSIF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

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3

2. Health

2.1 Basic Checks

MSIF has less shares outstanding than it did 1 year ago.
MSIF has less shares outstanding than it did 5 years ago.
The debt/assets ratio for MSIF is higher compared to a year ago.
MSIF Yearly Shares OutstandingMSIF Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
MSIF Yearly Total Debt VS Total AssetsMSIF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

Based on the Altman-Z score of 0.87, we must say that MSIF is in the distress zone and has some risk of bankruptcy.
MSIF has a Altman-Z score of 0.87. This is comparable to the rest of the industry: MSIF outperforms 48.52% of its industry peers.
MSIF has a Debt/Equity ratio of 0.79. This is a neutral value indicating MSIF is somewhat dependend on debt financing.
MSIF's Debt to Equity ratio of 0.79 is fine compared to the rest of the industry. MSIF outperforms 61.60% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF N/A
Altman-Z 0.87
ROIC/WACCN/A
WACCN/A
MSIF Yearly LT Debt VS Equity VS FCFMSIF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200T 400T 600T

2.3 Liquidity

MSIF has a Current Ratio of 1.28. This is a normal value and indicates that MSIF is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.28, MSIF is in line with its industry, outperforming 55.27% of the companies in the same industry.
MSIF has a Quick Ratio of 1.28. This is a normal value and indicates that MSIF is financially healthy and should not expect problems in meeting its short term obligations.
MSIF's Quick ratio of 1.28 is in line compared to the rest of the industry. MSIF outperforms 55.70% of its industry peers.
Industry RankSector Rank
Current Ratio 1.28
Quick Ratio 1.28
MSIF Yearly Current Assets VS Current LiabilitesMSIF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 70.67% over the past year.
The Revenue has been growing slightly by 2.62% in the past year.
MSIF shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.62% yearly.
EPS 1Y (TTM)70.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)2.62%
Revenue growth 3Y15.63%
Revenue growth 5Y7.62%
Sales Q2Q%N/A

3.2 Future

The Earnings Per Share is expected to grow by 6.72% on average over the next years.
Based on estimates for the next years, MSIF will show a decrease in Revenue. The Revenue will decrease by -1.96% on average per year.
EPS Next Y4%
EPS Next 2Y4.49%
EPS Next 3Y6.72%
EPS Next 5YN/A
Revenue Next Year14.09%
Revenue Next 2Y12.5%
Revenue Next 3Y-1.96%
Revenue Next 5YN/A

3.3 Evolution

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.
MSIF Yearly Revenue VS EstimatesMSIF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
MSIF Yearly EPS VS EstimatesMSIF Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 0.5 1 1.5

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 9.25, which indicates a very decent valuation of MSIF.
Compared to the rest of the industry, the Price/Earnings ratio of MSIF indicates a somewhat cheap valuation: MSIF is cheaper than 78.48% of the companies listed in the same industry.
MSIF's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.93.
MSIF is valuated reasonably with a Price/Forward Earnings ratio of 9.16.
Based on the Price/Forward Earnings ratio, MSIF is valued cheaply inside the industry as 81.43% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.31, MSIF is valued rather cheaply.
Industry RankSector Rank
PE 9.25
Fwd PE 9.16
MSIF Price Earnings VS Forward Price EarningsMSIF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MSIF Per share dataMSIF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MSIF does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.31
PEG (5Y)N/A
EPS Next 2Y4.49%
EPS Next 3Y6.72%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 9.74%, MSIF is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.82, MSIF pays a bit more dividend than its industry peers.
MSIF's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
Industry RankSector Rank
Dividend Yield 9.74%

5.2 History

MSIF has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
MSIF Yearly Dividends per shareMSIF Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

MSIF pays out 80.45% of its income as dividend. This is not a sustainable payout ratio.
DP80.45%
EPS Next 2Y4.49%
EPS Next 3Y6.72%
MSIF Yearly Income VS Free CF VS DividendMSIF Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200M -400M
MSIF Dividend Payout.MSIF Dividend Payout, showing the Payout Ratio.MSIF Dividend Payout.PayoutRetained Earnings

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MSC INCOME FUND INC

NYSE:MSIF (8/14/2025, 8:04:01 PM)

After market: 14.5 +0.07 (+0.49%)

14.43

+0.06 (+0.42%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)08-13 2025-08-13/amc
Earnings (Next)N/A N/A
Inst Owners5.48%
Inst Owner Change68.78%
Ins Owners0.41%
Ins Owner Change0%
Market Cap680.37M
Analysts75
Price Target18.11 (25.5%)
Short Float %0.23%
Short Ratio1.45
Dividend
Industry RankSector Rank
Dividend Yield 9.74%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP80.45%
Div Incr Years1
Div Non Decr Years1
Ex-Date06-30 2025-06-30 (0.01)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.56%
Min EPS beat(2)-3.34%
Max EPS beat(2)4.45%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
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)-0.99%
Min Revenue beat(2)-5.22%
Max Revenue beat(2)3.25%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)1.43%
PT rev (3m)0%
EPS NQ rev (1m)-0.46%
EPS NQ rev (3m)-1.83%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.76%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.69%
Valuation
Industry RankSector Rank
PE 9.25
Fwd PE 9.16
P/S 5.07
P/FCF N/A
P/OCF N/A
P/B 0.95
P/tB 0.95
EV/EBITDA N/A
EPS(TTM)1.56
EY10.81%
EPS(NY)1.58
Fwd EY10.92%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS2.84
BVpS15.25
TBVpS15.25
PEG (NY)2.31
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 4.68%
ROE 8.6%
ROCE 4.62%
ROIC 3.65%
ROICexc 3.77%
ROICexgc 3.77%
OM 44.42%
PM (TTM) 46.11%
GM 56.31%
FCFM N/A
ROA(3y)4.85%
ROA(5y)N/A
ROE(3y)9.06%
ROE(5y)N/A
ROIC(3y)3.92%
ROIC(5y)N/A
ROICexc(3y)4.02%
ROICexc(5y)N/A
ROICexgc(3y)4.02%
ROICexgc(5y)N/A
ROCE(3y)4.97%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-19.55%
OM growth 5Y1.23%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.28
Quick Ratio 1.28
Altman-Z 0.87
F-ScoreN/A
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)70.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
EPS Next Y4%
EPS Next 2Y4.49%
EPS Next 3Y6.72%
EPS Next 5YN/A
Revenue 1Y (TTM)2.62%
Revenue growth 3Y15.63%
Revenue growth 5Y7.62%
Sales Q2Q%N/A
Revenue Next Year14.09%
Revenue Next 2Y12.5%
Revenue Next 3Y-1.96%
Revenue Next 5YN/A
EBIT growth 1Y-0.6%
EBIT growth 3Y-6.98%
EBIT growth 5Y8.94%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-155.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-155.9%
OCF growth 3YN/A
OCF growth 5YN/A