Morgan Stanley Direct Lending Fund (MSDL)

Price$15.26

Favorite Metrics

Price vs S&P 500 (26W)-11.42%

Price vs S&P 500 (4W)-1.11%

Market Capitalization$1.29B

P/E Ratio (Annual)10.55x

All Metrics

P/CF (Annual)8.53x

Book Value / Share (Quarterly)$20.26

Indicated Dividend (Annual)$2.00

Revenue Growth (3Y)19.88%

Cash Flow / Share (Quarterly)$1.75

Payout Ratio (TTM)150.73%

Price vs S&P 500 (YTD)-9.68%

Gross Margin (TTM)47.07%

Net Profit Margin (TTM)30.73%

EPS (TTM)$1.40

10-Day Avg Trading Volume0.73M

EPS Excl Extra (TTM)$1.40

EPS (Annual)$1.40

Dividend / Share (Annual)$2.11

ROI (Annual)3.18%

Gross Margin (Annual)47.07%

Net Profit Margin (5Y Avg)47.18%

Cash / Share (Quarterly)$0.94

P/E Basic Excl Extra (TTM)10.55x

Revenue Growth QoQ (YoY)-6.25%

P/E Normalized (Annual)10.55x

ROA (Last FY)3.11%

Revenue Growth TTM (YoY)-4.52%

EBITD / Share (TTM)$2.05

ROE (5Y Avg)8.51%

Operating Margin (TTM)45.02%

Cash Flow / Share (Annual)$1.75

P/B Ratio0.74x

P/B Ratio (Quarterly)0.81x

EV / Revenue (TTM)8.29x

Net Interest Coverage (TTM)3.32x

ROA (TTM)3.11%

EPS Growth QoQ (YoY)-43.05%

EV / EBITDA (TTM)18.41x

EPS Incl Extra (Annual)$1.40

Current Ratio (Annual)1.39x

Quick Ratio (Quarterly)1.27x

3-Month Avg Trading Volume0.85M

52-Week Price Return-19.87%

EV / Free Cash Flow (Annual)21.82x

P/E Incl Extra (TTM)10.55x

P/S Ratio (Annual)3.24x

Asset Turnover (Annual)0.10x

52-Week High$20.00

Operating Margin (5Y Avg)53.88%

EPS Excl Extra (Annual)$1.40

26-Week Price Return-7.43%

Quick Ratio (Annual)1.27x

13-Week Price Return-6.47%

Total Debt / Equity (Annual)1.19x

Current Ratio (Quarterly)1.39x

Enterprise Value$3,293.065

Asset Turnover (TTM)0.10x

Pretax Margin (Annual)31.44%

Cash / Share (Annual)$0.94

3-Month Return Std Dev25.04%

Gross Margin (5Y Avg)50.62%

ROE (Last FY)6.98%

Net Interest Coverage (Annual)3.32x

EPS Basic Excl Extra (Annual)$1.40

P/FCF (TTM)8.53x

EV / Free Cash Flow (TTM)21.82x

Total Debt / Equity (Quarterly)1.19x

EPS Incl Extra (TTM)$1.40

ROI (TTM)3.18%

P/S Ratio (TTM)3.24x

Pretax Margin (5Y Avg)47.56%

Revenue / Share (Annual)$4.55

Price vs S&P 500 (52W)-49.70%

P/E Ratio (TTM)10.55x

EPS Growth TTM (YoY)-42.46%

Year-to-Date Return-7.04%

5-Day Price Return7.66%

EPS Normalized (Annual)$1.40

ROA (5Y Avg)4.12%

Net Profit Margin (Annual)30.73%

Month-to-Date Return9.74%

EBITD / Share (Annual)$2.05

EPS Growth (3Y)36.51%

Operating Margin (Annual)45.02%

LT Debt / Equity (Annual)1.19x

P/CF (TTM)8.53x

ROI (5Y Avg)4.22%

P/E Excl Extra (TTM)10.55x

LT Debt / Equity (Quarterly)1.19x

EPS Basic Excl Extra (TTM)$1.40

Payout Ratio (Annual)150.73%

P/B Ratio (Annual)0.81x

Dividend / Share (TTM)$2.11

Pretax Margin (TTM)31.44%

Book Value / Share (Annual)$20.26

Price vs S&P 500 (13W)-7.16%

Dividend Yield (TTM)14.29%

P/FCF (Annual)8.53x

Revenue / Share (TTM)$4.58

ROE (TTM)6.85%

52-Week Low$13.66

Analyst Recommendations

Jan 2026

Feb 2026

Mar 2026

Apr 2026

3.77

3.69

About

Morgan Stanley Direct Lending Fund seeks attractive risk-adjusted returns primarily through current income from senior secured term loans extended to U.S. middle-market companies backed by private equity sponsors. The portfolio is weighted toward first and second lien senior secured loans, including unitranche structures, supplemented by higher-yielding mezzanine debt, unsecured debt, and opportunistic equity investments. Returns derive mainly from loan interest income, with secondary potential for capital appreciation.