Morgan Stanley Direct Lending Fund (MSDL)
NYSE: MSDL · Real-Time Price · USD
14.29
-0.04 (-0.28%)
At close: Sep 25, 2026, 4:00 PM EDT
14.30
+0.01 (0.07%)
After-hours: Sep 25, 2026, 7:30 PM EDT

MSDL Statistics

Total Valuation

MSDL has a market cap or net worth of $1.20 billion. The enterprise value is $3.13 billion.

Market Cap1.20B
Enterprise Value 3.13B

Important Dates

The next estimated earnings date is Friday, November 6, 2026.

Earnings Date Nov 6, 2026
Ex-Dividend Date Sep 30, 2026

Share Statistics

MSDL has 84.11 million shares outstanding. The number of shares has decreased by -2.70% in one year.

Current Share Class 84.11M
Shares Outstanding 84.11M
Shares Change (YoY) -2.70%
Shares Change (QoQ) -1.19%
Owned by Insiders (%) 0.38%
Owned by Institutions (%) 46.10%
Float n/a

Valuation Ratios

The trailing PE ratio is 20.57 and the forward PE ratio is 8.03.

PE Ratio 20.57
Forward PE 8.03
PS Ratio 3.21
Forward PS 3.38
PB Ratio 0.73
P/TBV Ratio 0.73
P/FCF Ratio 4.25
P/OCF Ratio 4.25
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings 52.33
EV / Sales 8.36
EV / EBITDA n/a
EV / EBIT 10.48
EV / FCF 11.05

Financial Position

The company has a current ratio of 1.52, with a Debt / Equity ratio of 1.20.

Current Ratio 1.52
Quick Ratio 1.41
Debt / Equity 1.20
Debt / EBITDA n/a
Debt / FCF 7.01
Interest Coverage 2.39

Financial Efficiency

Return on equity (ROE) is 3.48% and return on invested capital (ROIC) is 7.78%.

Return on Equity (ROE) 3.48%
Return on Assets (ROA) 4.89%
Return on Invested Capital (ROIC) 7.78%
Return on Capital Employed (ROCE) 8.22%
Weighted Average Cost of Capital (WACC) 6.63%
Revenue Per Employee n/a
Profits Per Employee n/a
Employee Count n/a
Asset Turnover 0.10
Inventory Turnover n/a

Taxes

In the past 12 months, MSDL has paid $3.62 million in taxes.

Income Tax 3.62M
Effective Tax Rate 5.71%

Stock Price Statistics

The stock price has decreased by -15.49% in the last 52 weeks. The beta is 0.64, so MSDL's price volatility has been lower than the market average.

Beta (5Y) 0.64
52-Week Price Change -15.49%
50-Day Moving Average 15.08
200-Day Moving Average 15.40
Relative Strength Index (RSI) 28.97
Average Volume (20 Days) 385,321

Short Selling Information

The latest short interest is 3.91 million, so 4.65% of the outstanding shares have been sold short.

Short Interest 3.91M
Short Previous Month 3.81M
Short % of Shares Out 4.65%
Short % of Float n/a
Short Ratio (days to cover) 8.99

Income Statement

In the last 12 months, MSDL had revenue of $374.16 million and earned $59.75 million in profits. Earnings per share was $0.69.

Revenue374.16M
Gross Profit 374.16M
Operating Income 298.36M
Pretax Income 63.37M
Net Income 59.75M
EBITDA n/a
EBIT 298.36M
Earnings Per Share (EPS) $0.69
Full Income Statement

Balance Sheet

The company has $57.46 million in cash and $1.98 billion in debt, with a net cash position of -$1.92 billion or -$22.88 per share.

Cash & Cash Equivalents 57.46M
Total Debt 1.98B
Net Cash -1.92B
Net Cash Per Share -$22.88
Equity (Book Value) 1.65B
Book Value Per Share 19.50
Working Capital 42.11M
Full Balance Sheet

Cash Flow

Operating Cash Flow 282.91M
Capital Expenditures n/a
Depreciation & Amortization n/a
Net Borrowing -53.25M
Free Cash Flow 282.91M
FCF Per Share $3.36
Full Cash Flow Statement

Margins

Gross margin is 100.00%, with operating and profit margins of 79.74% and 15.97%.

Gross Margin 100.00%
Operating Margin 79.74%
Pretax Margin 16.94%
Profit Margin 15.97%
EBITDA Margin n/a
EBIT Margin 79.74%
FCF Margin 75.61%

Dividends & Yields

This stock pays an annual dividend of $1.80, which amounts to a dividend yield of 12.60%.

Dividend Per Share $1.80
Dividend Yield 12.60%
Dividend Growth (YoY) -7.50%
Years of Dividend Growth n/a
Payout Ratio 266.30%
FCF Payout Ratio 55.00%
Buyback Yield 2.70%
Shareholder Yield 15.30%
Earnings Yield 4.97%
FCF Yield 23.54%
Dividend Details

Analyst Forecast

The average price target for MSDL is $15.61, which is 9.24% higher than the current price. The consensus rating is "Hold".

Price Target $15.61
Price Target Difference 9.24%
Analyst Consensus Hold
Analyst Count 7
Revenue Growth Forecast (3Y) -4.46%
EPS Growth Forecast (3Y) -4.92%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

MSDL has an Altman Z-Score of 0.76 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 0.76
Piotroski F-Score 6