MSC INCOME FUND INC (MSIF) Fundamental Analysis & Valuation

NYSE:MSIF • US55374X2080

12.85 USD
+0.09 (+0.71%)
At close: Mar 4, 2026
12.85 USD
0 (0%)
After Hours: 3/4/2026, 4:15:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

4

Taking everything into account, MSIF scores 4 out of 10 in our fundamental rating. MSIF was compared to 238 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 has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

5

1. MSIF Profitability Analysis

1.1 Basic Checks

  • In the past year MSIF was profitable.
  • MSIF had a negative operating cash flow in the past year.
  • In multiple years MSIF reported negative net income over the last 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: MSIF reported negative operating cash flow in multiple 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 6.10%, MSIF is in the better half of the industry, outperforming 75.21% of the companies in the same industry.
  • MSIF's Return On Equity of 10.78% is fine compared to the rest of the industry. MSIF outperforms 62.18% of its industry peers.
  • MSIF has a Return On Invested Capital of 4.09%. This is in the better half of the industry: MSIF outperforms 60.50% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MSIF is below the industry average of 7.27%.
  • The last Return On Invested Capital (4.09%) for MSIF is above the 3 year average (3.92%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.1%
ROE 10.78%
ROIC 4.09%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • The Profit Margin of MSIF (57.49%) is better than 91.18% of its industry peers.
  • Looking at the Operating Margin, with a value of 47.46%, MSIF belongs to the top of the industry, outperforming 84.03% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MSIF has remained more or less at the same level.
  • The Gross Margin of MSIF (59.87%) is better than 66.81% of its industry peers.
Industry RankSector Rank
OM 47.46%
PM (TTM) 57.49%
GM 59.87%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

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2

2. MSIF Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, MSIF has less shares outstanding
  • 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 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • Based on the Altman-Z score of 0.82, we must say that MSIF is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.82, MSIF perfoms like the industry average, outperforming 53.36% of the companies in the same industry.
  • MSIF has a Debt/Equity ratio of 0.72. This is a neutral value indicating MSIF is somewhat dependend on debt financing.
  • MSIF has a Debt to Equity ratio (0.72) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF N/A
Altman-Z 0.82
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200T 400T 600T

2.3 Liquidity

  • MSIF has a Current Ratio of 0.65. This is a bad value and indicates that MSIF is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of MSIF (0.65) is worse than 66.81% of its industry peers.
  • MSIF has a Quick Ratio of 0.65. This is a bad value and indicates that MSIF is not financially healthy enough and could expect problems in meeting its short term obligations.
  • MSIF's Quick ratio of 0.65 is on the low side compared to the rest of the industry. MSIF is outperformed by 66.39% of its industry peers.
Industry RankSector Rank
Current Ratio 0.65
Quick Ratio 0.65
MSIF Yearly Current Assets VS Current LiabilitesMSIF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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

5

3. MSIF Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 70.73% 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)70.73%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%510.89%
Revenue 1Y (TTM)2.62%
Revenue growth 3Y15.63%
Revenue growth 5Y7.62%
Sales Q2Q%5.65%

3.2 Future

  • Based on estimates for the next years, MSIF will show a small growth in Earnings Per Share. The EPS will grow by 3.23% on average per year.
  • MSIF is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.30% yearly.
EPS Next Y4.8%
EPS Next 2Y2.71%
EPS Next 3Y3.23%
EPS Next 5YN/A
Revenue Next Year9.98%
Revenue Next 2Y10.52%
Revenue Next 3Y9.3%
Revenue Next 5YN/A

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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. MSIF Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 8.99, which indicates a very decent valuation of MSIF.
  • Based on the Price/Earnings ratio, MSIF is valued a bit cheaper than the industry average as 70.17% of the companies are valued more expensively.
  • MSIF's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.83.
  • MSIF is valuated reasonably with a Price/Forward Earnings ratio of 8.44.
  • Based on the Price/Forward Earnings ratio, MSIF is valued a bit cheaper than 79.41% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.95. MSIF is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.99
Fwd PE 8.44
MSIF Price Earnings VS Forward Price EarningsMSIF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

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 0 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)1.87
PEG (5Y)N/A
EPS Next 2Y2.71%
EPS Next 3Y3.23%

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

5

5. MSIF Dividend Analysis

5.1 Amount

  • MSIF has a Yearly Dividend Yield of 11.09%, which is a nice return.
  • MSIF's Dividend Yield is a higher than the industry average which is at 6.44.
  • MSIF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 11.09%

5.2 History

  • MSIF has been paying a dividend for less than 5 years, so it still needs to build a track record.
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 2026 0.5 1

5.3 Sustainability

  • 56.38% of the earnings are spent on dividend by MSIF. This is a bit on the high side, but may be sustainable.
DP56.38%
EPS Next 2Y2.71%
EPS Next 3Y3.23%
MSIF Yearly Income VS Free CF VS DividendMSIF Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M
MSIF Dividend Payout.MSIF Dividend Payout, showing the Payout Ratio.MSIF Dividend Payout.PayoutRetained Earnings

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MSIF Fundamentals: All Metrics, Ratios and Statistics

MSC INCOME FUND INC

NYSE:MSIF (3/4/2026, 4:15:00 PM)

After market: 12.85 0 (0%)

12.85

+0.09 (+0.71%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-26
Earnings (Next)05-11
Inst Owners11.44%
Inst Owner Change39.26%
Ins Owners0.46%
Ins Owner Change11.65%
Market Cap591.49M
Revenue(TTM)137.69M
Net Income(TTM)79.16M
Analysts78.46
Price Target16.15 (25.68%)
Short Float %0.21%
Short Ratio0.29
Dividend
Industry RankSector Rank
Dividend Yield 11.09%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP56.38%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-31
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.14%
Min EPS beat(2)-10.04%
Max EPS beat(2)-4.24%
EPS beat(4)1
Avg EPS beat(4)-3.29%
Min EPS beat(4)-10.04%
Max EPS beat(4)4.45%
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)0
Avg Revenue beat(2)-2.64%
Min Revenue beat(2)-3.23%
Max Revenue beat(2)-2.05%
Revenue beat(4)1
Avg Revenue beat(4)-1.81%
Min Revenue beat(4)-5.22%
Max Revenue beat(4)3.25%
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)1.06%
PT rev (3m)0.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)2.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.03%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.16%
Valuation
Industry RankSector Rank
PE 8.99
Fwd PE 8.44
P/S 4.3
P/FCF N/A
P/OCF N/A
P/B 0.81
P/tB 0.81
EV/EBITDA N/A
EPS(TTM)1.43
EY11.13%
EPS(NY)1.52
Fwd EY11.85%
FCF(TTM)-0.86
FCFYN/A
OCF(TTM)-0.86
OCFYN/A
SpS2.99
BVpS15.95
TBVpS15.95
PEG (NY)1.87
PEG (5Y)N/A
Graham Number22.66
Profitability
Industry RankSector Rank
ROA 6.1%
ROE 10.78%
ROCE 5.17%
ROIC 4.09%
ROICexc 4.14%
ROICexgc 4.14%
OM 47.46%
PM (TTM) 57.49%
GM 59.87%
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
ROICexgc growth 3YN/A
ROICexgc 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-Score4
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 1.85
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.65
Quick Ratio 0.65
Altman-Z 0.82
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)70.73%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%510.89%
EPS Next Y4.8%
EPS Next 2Y2.71%
EPS Next 3Y3.23%
EPS Next 5YN/A
Revenue 1Y (TTM)2.62%
Revenue growth 3Y15.63%
Revenue growth 5Y7.62%
Sales Q2Q%5.65%
Revenue Next Year9.98%
Revenue Next 2Y10.52%
Revenue Next 3Y9.3%
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

MSC INCOME FUND INC / MSIF FAQ

What is the fundamental rating for MSIF stock?

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


What is the valuation status for MSIF stock?

ChartMill assigns a valuation rating of 4 / 10 to MSC INCOME FUND INC (MSIF). This can be considered as Fairly Valued.


Can you provide the profitability details for MSC INCOME FUND INC?

MSC INCOME FUND INC (MSIF) has a profitability rating of 5 / 10.


What is the valuation of MSC INCOME FUND INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for MSC INCOME FUND INC (MSIF) is 8.99 and the Price/Book (PB) ratio is 0.81.


Is the dividend of MSC INCOME FUND INC sustainable?

The dividend rating of MSC INCOME FUND INC (MSIF) is 5 / 10 and the dividend payout ratio is 56.38%.