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Company Analysis

Morgan Stanley Direct Lending Fund MSDL

A comprehensive view of key metrics, scores, and financial health for Morgan Stanley Direct Lending Fund

Overview of Morgan Stanley Direct Lending Fund

MSDL NYQ
Financial Services Asset Management Small Cap
Morgan Stanley Direct Lending Fund (MSDL), is a Small Cap company, in the Asset Management industry, last closed at $14.61, about 47.2% undervalued vs fair value, -28.8% 1Y return, placing in the top 25% of its sector.
$14.61
0.48%
As of March 13, 2026
Previous close • Vol 90d: 22.5%
52-Week Range
Market Cap
$1.26B
Enterprise Value
$3.27B
Overall Score
Scores locked

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Top Beats

Quick Facts

HQ New York, NY
Fiscal year Dec 31

Next Events

Dividend Mar 31
Earnings May 7 Estimated

Fair Value Snapshot

Bear Base Bull
$12
$22
$40
Current: $14.61 +47% vs base

Engine Room Money Flow™

Small Cap

Financial Services - Where revenue goes and how value is created

Flow Steps
Interest Income
$407.1M
13.2%%
Interest Expense
$122.9M
Net Interest Income
$284.2M
15.1%%
Total Revenue
$209.6M
-2.6%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Financial Services

Quality & Reliability Indicators

Return on Equity
11.7%
Good

Net Income / Equity - key bank profitability metric

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$187.1M
86.8% of Net Income

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
1
Active Leaks
0/1
Improving
1
High Impact
0
Critical
Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Morgan Stanley Direct Lending Fund's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
59
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Moderate
71
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Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

vs Industry Peers 86% Coverage
Trade-Off Triangle Visualization A ternary plot showing MSDL's balance between Growth (39.6%), Profitability (36.8%), and Safety (23.7%). Growth 40% Safety 24% Profitability 37%

Click axes to expand details. Marker shows current allocation.

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Growth

63th percentile vs peers
63
Key Signals
Revenue CAGR 3Y 39.3% 79p EPS CAGR 3Y 37.1% 93p Rev Growth YoY -2.6% 46p EPS Growth YoY -7.1% 47p
Strengths
  • Eps Cagr 3Y in top 20% of peers (37.1%, 93th percentile)
  • Growth above peer median with strong metric coverage (90%)
  • Operating Margin in top 20% of peers (1.04, 87th percentile)
  • Net Profit Margin in top 20% of peers (1.03, 90th percentile)
  • Consistently strong margins across 4 metrics
Risks

No significant risks identified for this axis.

Profitability

58th percentile vs peers
59
Key Signals
Strengths
Risks
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Safety

37th percentile vs peers
38
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Morgan Stanley Direct Lending Fund.

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$21.51
- - -
+47.2% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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