Financials Morgan Stanley Direct Lending Fund

Equities

MSDL

US61774A1034

End-of-day quote Nyse 18:00:00 2024-05-30 EDT 5-day change 1st Jan Change
23.15 USD +0.17% Intraday chart for Morgan Stanley Direct Lending Fund +2.93% -.--%

Valuation

Fiscal Period: December 2023 2024 2025
Capitalization 1 2,059 2,059 -
Enterprise Value (EV) 1 3,485 3,881 4,075
P/E ratio 7.5 x 8.89 x 10.7 x
Yield 9.63% 9.91% 9.21%
Capitalization / Revenue 5.6 x 5.03 x 5.03 x
EV / Revenue 9.48 x 9.48 x 9.95 x
EV / EBITDA - - -
EV / FCF - - -
FCF Yield - - -
Price to Book 1.13 x 1.12 x 1.11 x
Nbr of stocks (in thousands) 88,279 88,279 -
Reference price 2 23.32 23.32 23.32
Announcement Date 24-03-01 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2022 2023 2024 2025
Net sales 1 230.6 367.7 409.4 409.5
EBITDA - - - -
EBIT - - - -
Operating Margin - - - -
Earnings before Tax (EBT) - - - 187.6
Net income 1 - 231 212.7 194.4
Net margin - 62.82% 51.95% 47.48%
EPS 2 0.7900 3.110 2.624 2.174
Free Cash Flow - - - -
FCF margin - - - -
FCF Conversion (EBITDA) - - - -
FCF Conversion (Net income) - - - -
Dividend per Share 2 - 2.246 2.311 2.148
Announcement Date 23-03-09 24-03-01 - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2022 2023 2024 2025
Net Debt 1 - 1,426 1,822 2,017
Net Cash position 1 - - - -
Leverage (Debt/EBITDA) - - - -
Free Cash Flow - - - -
ROE (net income / shareholders' equity) - 12.7% 12% 10.5%
ROA (Net income/ Total Assets) - 6.29% 6.17% 5.12%
Assets 1 - 3,673 3,447 3,797
Book Value Per Share 2 - 20.60 20.90 21.00
Cash Flow per Share 2 - 2.050 2.090 2.010
Capex 1 - 518 1,371 1,268
Capex / Sales - 142.21% 334.92% 309.64%
Announcement Date 23-03-09 24-03-01 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
23.32 USD
Average target price
22.1 USD
Spread / Average Target
-5.23%
Consensus

Annual profits - Rate of surprise

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