Morgan Stanley Direct Lending Fund (MSDL)

Price$15.57

Value ScoreB

Growth ScoreD

Momentum ScoreD

Favorite Metrics

Price vs S&P 500 (26W)-22.19%

Price vs S&P 500 (4W)-7.07%

VGM Score39.72

Market Capitalization$1.31B

P/E Ratio (Annual)10.71x

Indicated Dividend Yield (Annual)12.32%

All Metrics

P/CF (Annual)8.66x

Book Value / Share (Quarterly)$19.81

Indicated Dividend (Annual)$1.80

Revenue Growth (3Y)19.88%

Cash Flow / Share (Quarterly)$2.38

Payout Ratio (TTM)150.73%

Price vs S&P 500 (YTD)-17.37%

Gross Margin (TTM)47.38%

Net Profit Margin (TTM)22.84%

EPS (TTM)$1.01

10-Day Avg Trading Volume0.58M

EPS Excl Extra (TTM)$1.01

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)$0.90

P/E Basic Excl Extra (TTM)14.87x

Revenue Growth QoQ (YoY)-12.22%

P/E Normalized (Annual)10.71x

ROA (Last FY)3.11%

Revenue Growth TTM (YoY)-8.02%

EBITD / Share (TTM)$2.00

ROE (5Y Avg)8.51%

Operating Margin (TTM)45.03%

Cash Flow / Share (Annual)$1.75

P/B Ratio0.77x

P/B Ratio (Quarterly)0.71x

EV / Revenue (TTM)8.53x

Net Interest Coverage (TTM)3.32x

ROA (TTM)2.25%

EPS Growth QoQ (YoY)-43.05%

EV / EBITDA (TTM)18.94x

EPS Incl Extra (Annual)$1.40

Current Ratio (Annual)1.39x

Quick Ratio (Quarterly)1.37x

3-Month Avg Trading Volume0.77M

52-Week Price Return-21.69%

EV / Free Cash Flow (Annual)21.76x

P/E Incl Extra (TTM)14.87x

P/S Ratio (Annual)3.29x

Asset Turnover (Annual)0.10x

52-Week High$19.94

Operating Margin (5Y Avg)53.88%

EPS Excl Extra (Annual)$1.40

26-Week Price Return-6.26%

Quick Ratio (Annual)1.27x

13-Week Price Return-0.32%

Total Debt / Equity (Annual)1.19x

Current Ratio (Quarterly)1.43x

Enterprise Value$3.28B

Asset Turnover (TTM)0.10x

Pretax Margin (Annual)31.44%

Cash / Share (Annual)$0.94

3-Month Return Std Dev22.06%

Gross Margin (5Y Avg)50.62%

ROE (Last FY)6.98%

Net Interest Coverage (Annual)2.10x

EPS Basic Excl Extra (Annual)$1.40

P/FCF (TTM)6.43x

EV / Free Cash Flow (TTM)16.16x

Total Debt / Equity (Quarterly)1.21x

EPS Incl Extra (TTM)$1.01

ROI (TTM)2.30%

P/S Ratio (TTM)3.40x

Pretax Margin (5Y Avg)47.56%

Revenue / Share (Annual)$4.55

Forward P/E8.52x

Price vs S&P 500 (52W)-49.89%

P/E Ratio (TTM)14.87x

EPS Growth TTM (YoY)-53.53%

Year-to-Date Return-6.43%

5-Day Price Return2.19%

EPS Normalized (Annual)$1.40

ROA (5Y Avg)4.12%

Net Profit Margin (Annual)30.73%

Month-to-Date Return-0.58%

EBITD / Share (Annual)$2.05

EPS Growth (3Y)36.51%

Operating Margin (Annual)45.02%

LT Debt / Equity (Annual)1.19x

P/CF (TTM)6.43x

ROI (5Y Avg)4.22%

P/E Excl Extra (TTM)14.87x

LT Debt / Equity (Quarterly)1.21x

EPS Basic Excl Extra (TTM)$1.01

Payout Ratio (Annual)150.73%

P/B Ratio (Annual)0.81x

Dividend / Share (TTM)$2.01

Pretax Margin (TTM)23.63%

Book Value / Share (Annual)$20.26

Price vs S&P 500 (13W)-10.07%

Dividend Yield (TTM)13.31%

Beta0.61x

P/FCF (Annual)8.66x

Revenue / Share (TTM)$4.49

ROE (TTM)5.02%

52-Week Low$13.66

vGradeB

gGradeD

mGradeD

vgmGradeD

Show chart for

Earnings Surprise History

Q1 260.47est. 0.47

Analyst Recommendations

Feb 2026

Mar 2026

Apr 2026

May 2026

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.