StockData

Morgan Stanley Direct Lending Fund (MSDL) stock analysis

MSDLNYSEFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 5/30
$13.94−0.06 (-0.43%)

Close on Nov 11, 2026Market cap $1.17BP/E 278.8Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value1Growth1Performance0Health0Dividend3

Weak5 of 30 checks passed

Morgan Stanley Direct Lending Fund passes 5 of the 30 checks behind our score; 19 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
1/6
Growth
1/6
Past performance
0/6
Financial health
0/6
Dividend
3/6

What stands out

  • EPS growing 10%+ a year

    Diluted EPS grew 21.0% a year over the last three fiscal years.

  • P/B below the industry

    Morgan Stanley Direct Lending Fund's price-to-book of 0.75 is below the US market median of 1.92.

  • Pays a dividend

    Morgan Stanley Direct Lending Fund paid dividends worth 13.3% of the share price over the last twelve months.

  • Yield above Treasuries

    The 13.3% yield is above the 4.4% on a 1-year Treasury.

What to watch

  • Return on equity under 15%

    Return on equity was 0.3% over the last twelve months and averaged 9.7% over five years; we look for 15% on both.

  • Elevated bankruptcy risk

    The Altman Z-score is 0.29; above 3 is the safe zone and below 1.8 the distress zone.

  • P/E above its 5-year median

    Morgan Stanley Direct Lending Fund's P/E of 278.8 is above its own 5-year median of 8.7.

  • P/E above the industry

    Morgan Stanley Direct Lending Fund's P/E of 278.8 is above the US market median of 19.5.

Valuation1/6

  • P/E above its 5-year median

    Morgan Stanley Direct Lending Fund's P/E of 278.8 is above its own 5-year median of 8.7.

  • P/E above the industry

    Morgan Stanley Direct Lending Fund's P/E of 278.8 is above the US market median of 19.5.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B below the industry

    Morgan Stanley Direct Lending Fund's price-to-book of 0.75 is below the US market median of 1.92.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth1/6

  • Revenue growth over 3 years

    Needs three years of positive revenue.

  • EPS growing 10%+ a year

    Diluted EPS grew 21.0% a year over the last three fiscal years.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growth against the industry

    Needs revenue for this year and last.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin trend

    This company does not report gross profit.

Past performance0/6

  • Return on equity under 15%

    Return on equity was 0.3% over the last twelve months and averaged 9.7% over five years; we look for 15% on both.

  • Return on invested capital

    Needs operating income and invested capital.

  • Return on equity below the industry

    Morgan Stanley Direct Lending Fund's return on equity of 0.3% is below the US market median of 3.5%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin against its history

    Needs five years of revenue and net income.

  • Net margin against the industry

    Needs revenue and net income.

Financial health0/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt coverage

    Needs operating cash flow.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term liquidity

    The balance sheet is not split into current and non-current items.

  • Elevated bankruptcy risk

    The Altman Z-score is 0.29; above 3 is the safe zone and below 1.8 the distress zone.

Dividend3/6

  • Pays a dividend

    Morgan Stanley Direct Lending Fund paid dividends worth 13.3% of the share price over the last twelve months.

  • Yield above Treasuries

    The 13.3% yield is above the 4.4% on a 1-year Treasury.

  • Yield in the top quarter

    The top quarter of US dividend payers yield 3.8% or more; Morgan Stanley Direct Lending Fund yields 13.3%.

  • Dividend stability

    Fewer than five years of dividend history.

  • Not covered by earnings

    Dividends take 3367% of net income, leaving little room.

  • Cash-flow cover

    Needs dividends paid and free cash flow.

Fair value

How we estimate it

We don't publish a fair value for Morgan Stanley Direct Lending Fund. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 8.7
  • US market median 19.5

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Medium risk

Average value traded per day
$8.65M
Value traded per 1% price move
$6.90M

Downside

Low risk

Typical loss in a bad month
11.1%
Volatility (annualized)
23%
Sharpe ratio, 1 year
-0.87
Beta to the S&P 500 (5Y)
0.57

Typical bad-month loss, week by week

25%: high

Margins need revenue and profit figures

This company does not report the lines needed to calculate margins.

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