Financials Morgan Stanley Direct Lending Fund

Equities

MSDL

US61774A1034

End-of-day quote Nyse 23:00:00 19/05/2024 BST 5-day change 1st Jan Change
22.99 USD -0.26% Intraday chart for Morgan Stanley Direct Lending Fund +3.37% 0.00%

Valuation

Fiscal Period: December 2023 2024 2025
Capitalization 1 1,959 1,959 -
Enterprise Value (EV) 1 3,385 3,781 3,976
P/E ratio 7.14 x 9.29 x 10.2 x
Yield 10.1% 10.4% 9.68%
Capitalization / Revenue 5.33 x 4.78 x 4.78 x
EV / Revenue 9.21 x 9.24 x 9.71 x
EV / EBITDA - - -
EV / FCF - - -
FCF Yield - - -
Price to Book 1.08 x 1.08 x 1.06 x
Nbr of stocks (in thousands) 88,279 88,279 -
Reference price 2 22.19 22.19 22.19
Announcement Date 01/03/24 - -
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 2.389 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 09/03/23 01/03/24 - -
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% 11.7% 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 20.60 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 09/03/23 01/03/24 - -
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
22.19 USD
Average target price
22.1 USD
Spread / Average Target
-0.41%
Consensus

Annual profits - Rate of surprise

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