NUVEEN CHURCHILL DIRECT LEND (NCDL) Fundamental Analysis & Valuation

NYSE:NCDL • US67090S1087

13.33 USD
+0.13 (+0.98%)
At close: Mar 9, 2026
13.3258 USD
0 (-0.03%)
After Hours: 3/9/2026, 8:25:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This NCDL 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, NCDL scores 4 out of 10 in our fundamental rating. NCDL was compared to 242 industry peers in the Capital Markets industry. While NCDL is still in line with the averages on profitability rating, there are concerns on its financial health. NCDL has a bad growth rate and is valued cheaply.


Dividend Valuation Growth Profitability Health

6

1. NCDL Profitability Analysis

1.1 Basic Checks

  • In the past year NCDL was profitable.
  • NCDL had a positive operating cash flow in the past year.
  • Of the past 5 years NCDL 4 years were profitable.
  • In the past 5 years NCDL always reported negative operating cash flow.
NCDL Yearly Net Income VS EBIT VS OCF VS FCFNCDL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M -300M -400M

1.2 Ratios

  • The Return On Assets of NCDL (3.88%) is better than 61.16% of its industry peers.
  • NCDL's Return On Equity of 8.98% is in line compared to the rest of the industry. NCDL outperforms 53.72% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.11%, NCDL is in the better half of the industry, outperforming 62.40% of the companies in the same industry.
  • NCDL had an Average Return On Invested Capital over the past 3 years of 3.88%. This is below the industry average of 7.04%.
  • The 3 year average ROIC (3.88%) for NCDL is below the current ROIC(4.11%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.88%
ROE 8.98%
ROIC 4.11%
ROA(3y)3.73%
ROA(5y)3.02%
ROE(3y)8.48%
ROE(5y)6.82%
ROIC(3y)3.88%
ROIC(5y)3.04%
NCDL Yearly ROA, ROE, ROICNCDL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 36.83%, NCDL belongs to the top of the industry, outperforming 81.41% of the companies in the same industry.
  • NCDL's Profit Margin has improved in the last couple of years.
  • NCDL's Operating Margin of 48.11% is amongst the best of the industry. NCDL outperforms 85.95% of its industry peers.
  • In the last couple of years the Operating Margin of NCDL has grown nicely.
  • NCDL has a Gross Margin (48.15%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of NCDL has remained more or less at the same level.
Industry RankSector Rank
OM 48.11%
PM (TTM) 36.83%
GM 48.15%
OM growth 3Y-2.41%
OM growth 5Y4.58%
PM growth 3Y-11.59%
PM growth 5Y1.87%
GM growth 3Y-7.32%
GM growth 5Y0.38%
NCDL Yearly Profit, Operating, Gross MarginsNCDL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. NCDL Health Analysis

2.1 Basic Checks

  • There is no outstanding debt for NCDL. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
NCDL Yearly Shares OutstandingNCDL Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
NCDL Yearly Total Debt VS Total AssetsNCDL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • Based on the Altman-Z score of 0.57, we must say that NCDL is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.57, NCDL is in line with its industry, outperforming 41.74% of the companies in the same industry.
  • The Debt to FCF ratio of NCDL is 6.23, which is on the high side as it means it would take NCDL, 6.23 years of fcf income to pay off all of its debts.
  • NCDL's Debt to FCF ratio of 6.23 is fine compared to the rest of the industry. NCDL outperforms 66.12% of its industry peers.
  • NCDL has a Debt/Equity ratio of 1.25. This is a high value indicating a heavy dependency on external financing.
  • NCDL has a Debt to Equity ratio of 1.25. This is in the lower half of the industry: NCDL underperforms 62.40% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.25
Debt/FCF 6.23
Altman-Z 0.57
ROIC/WACCN/A
WACCN/A
NCDL Yearly LT Debt VS Equity VS FCFNCDL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 0.86 indicates that NCDL may have some problems paying its short term obligations.
  • With a Current ratio value of 0.86, NCDL is not doing good in the industry: 61.16% of the companies in the same industry are doing better.
  • NCDL has a Quick Ratio of 0.86. This is a bad value and indicates that NCDL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • NCDL has a worse Quick ratio (0.86) than 60.74% of its industry peers.
Industry RankSector Rank
Current Ratio 0.86
Quick Ratio 0.86
NCDL Yearly Current Assets VS Current LiabilitesNCDL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 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

0

3. NCDL Growth Analysis

3.1 Past

  • NCDL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17.70%.
EPS 1Y (TTM)-17.7%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-5.73%

3.2 Future

  • The Earnings Per Share is expected to decrease by -9.00% on average over the next years.
  • The Revenue is expected to decrease by -8.74% on average over the next years.
EPS Next Y-10.34%
EPS Next 2Y-9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-12.71%
Revenue Next 2Y-8.74%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

NCDL Yearly Revenue VS EstimatesNCDL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M
NCDL Yearly EPS VS EstimatesNCDL Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 0.5 1 1.5 2

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Find the best growth stocksShow best growing peers

7

4. NCDL Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 7.17 indicates a rather cheap valuation of NCDL.
  • Based on the Price/Earnings ratio, NCDL is valued a bit cheaper than the industry average as 77.69% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of NCDL to the average of the S&P500 Index (26.46), we can say NCDL is valued rather cheaply.
  • A Price/Forward Earnings ratio of 7.99 indicates a rather cheap valuation of NCDL.
  • Based on the Price/Forward Earnings ratio, NCDL is valued cheaply inside the industry as 80.99% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of NCDL to the average of the S&P500 Index (24.65), we can say NCDL is valued rather cheaply.
Industry RankSector Rank
PE 7.17
Fwd PE 7.99
NCDL Price Earnings VS Forward Price EarningsNCDL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, NCDL is valued cheaply inside the industry as 88.43% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 3.71
EV/EBITDA N/A
NCDL Per share dataNCDL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The decent profitability rating of NCDL may justify a higher PE ratio.
  • A cheap valuation may be justified as NCDL's earnings are expected to decrease with -9.00% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-9%
EPS Next 3YN/A

More info and screens

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

5

5. NCDL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 13.26%, NCDL is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 6.64, NCDL pays a better dividend. On top of this NCDL pays more dividend than 80.58% of the companies listed in the same industry.
  • NCDL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 13.26%

5.2 History

  • NCDL 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 Years0
Div Non Decr Years0
NCDL Yearly Dividends per shareNCDL Yearly Dividends per shareYearly Dividends per share 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

DPN/A
EPS Next 2Y-9%
EPS Next 3YN/A
NCDL Yearly Income VS Free CF VS DividendNCDL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M -300M -400M

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Find the best dividend stocksShow peers with best dividend

NCDL Fundamentals: All Metrics, Ratios and Statistics

NUVEEN CHURCHILL DIRECT LEND

NYSE:NCDL (3/9/2026, 8:25:02 PM)

After market: 13.3258 0 (-0.03%)

13.33

+0.13 (+0.98%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-26
Earnings (Next)05-06
Inst Owners31.64%
Inst Owner Change1.41%
Ins Owners0.64%
Ins Owner Change0.06%
Market Cap658.37M
Revenue(TTM)N/A
Net Income(TTM)79.15M
Analysts78.33
Price Target15.98 (19.88%)
Short Float %1.35%
Short Ratio1.85
Dividend
Industry RankSector Rank
Dividend Yield 13.26%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.49%
Min EPS beat(2)-6.32%
Max EPS beat(2)-2.67%
EPS beat(4)0
Avg EPS beat(4)-6.08%
Min EPS beat(4)-7.76%
Max EPS beat(4)-2.67%
EPS beat(8)2
Avg EPS beat(8)-2.28%
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)-4.41%
Min Revenue beat(2)-4.57%
Max Revenue beat(2)-4.26%
Revenue beat(4)0
Avg Revenue beat(4)-6.86%
Min Revenue beat(4)-12.42%
Max Revenue beat(4)-4.26%
Revenue beat(8)2
Avg Revenue beat(8)-3.97%
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)-2.34%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.22%
EPS NY rev (3m)0.22%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 7.17
Fwd PE 7.99
P/S 3.06
P/FCF 3.71
P/OCF 3.71
P/B 0.75
P/tB 0.75
EV/EBITDA N/A
EPS(TTM)1.86
EY13.95%
EPS(NY)1.67
Fwd EY12.51%
FCF(TTM)3.6
FCFY26.97%
OCF(TTM)3.6
OCFY26.97%
SpS4.35
BVpS17.85
TBVpS17.85
PEG (NY)N/A
PEG (5Y)N/A
Graham Number27.33
Profitability
Industry RankSector Rank
ROA 3.88%
ROE 8.98%
ROCE 5.2%
ROIC 4.11%
ROICexc 4.21%
ROICexgc 4.23%
OM 48.11%
PM (TTM) 36.83%
GM 48.15%
FCFM 82.63%
ROA(3y)3.73%
ROA(5y)3.02%
ROE(3y)8.48%
ROE(5y)6.82%
ROIC(3y)3.88%
ROIC(5y)3.04%
ROICexc(3y)4.01%
ROICexc(5y)3.14%
ROICexgc(3y)4.01%
ROICexgc(5y)3.14%
ROCE(3y)4.92%
ROCE(5y)3.85%
ROICexgc growth 3Y28.07%
ROICexgc growth 5Y10.13%
ROICexc growth 3Y28.07%
ROICexc growth 5Y10.13%
OM growth 3Y-2.41%
OM growth 5Y4.58%
PM growth 3Y-11.59%
PM growth 5Y1.87%
GM growth 3Y-7.32%
GM growth 5Y0.38%
F-Score5
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 1.25
Debt/FCF 6.23
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 1.28
Cash Conversion N/A
Profit Quality 224.37%
Current Ratio 0.86
Quick Ratio 0.86
Altman-Z 0.57
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)-17.7%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20%
EPS Next Y-10.34%
EPS Next 2Y-9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-5.73%
Revenue Next Year-12.71%
Revenue Next 2Y-8.74%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-13.79%
EBIT growth 3Y79.02%
EBIT growth 5Y78.66%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y154.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y154.96%
OCF growth 3YN/A
OCF growth 5YN/A

NUVEEN CHURCHILL DIRECT LEND / NCDL FAQ

What is the ChartMill fundamental rating of NUVEEN CHURCHILL DIRECT LEND (NCDL) stock?

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


What is the valuation status for NCDL stock?

ChartMill assigns a valuation rating of 7 / 10 to NUVEEN CHURCHILL DIRECT LEND (NCDL). This can be considered as Undervalued.


What is the profitability of NCDL stock?

NUVEEN CHURCHILL DIRECT LEND (NCDL) has a profitability rating of 6 / 10.


What are the PE and PB ratios of NUVEEN CHURCHILL DIRECT LEND (NCDL) stock?

The Price/Earnings (PE) ratio for NUVEEN CHURCHILL DIRECT LEND (NCDL) is 7.17 and the Price/Book (PB) ratio is 0.75.


What is the earnings growth outlook for NUVEEN CHURCHILL DIRECT LEND?

The Earnings per Share (EPS) of NUVEEN CHURCHILL DIRECT LEND (NCDL) is expected to decline by -10.34% in the next year.