Nuveen Churchill Direct Lending Corp. NCDL

11.70 (0.01) (0.09%) as of 25 Sep
Market cap
$578.3M
P/E
12.3×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.24
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — 1 — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 14.57%

Capital & Financial Ratios

Market Cap 578.32
Revenue 191.73
Net Income 46.86
Free Cash Flow 113.10
Net Debt (45.76)
Current Ratio 0.06
Debt/Equity 0.00
P/E ratio 12.32
P/S ratio 3.01
P/B ratio 0.68
Past 5Y EPS Growth 3.71%
This Y EPS Growth (15.24%)
Next Y EPS Growth (2.54%)
Next 5Y EPS Growth (7.42%)
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2027 Powerpack
2026 1.51
0.04
0.02
0.02
2025 1.80
0.10
0.45
0.45
0.45
0.45
2024 1.90
0.45
0.10
0.45
0.10
0.45
0.10
0.45
2023 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 67 43 62 46
Receivables 22 19 14 14
Inventory — — — —
Other — — 15 9
89 62 92 69
2023 2024 2025 Q'26
Payables 35 61 41 36
ST’ Debt — — — —
Other 1 — — 1,089
39 65 49 1,130
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 73.29% 36.10%
Cash Flow — 0.00% 0.00%
Earnings — 98.20% 55.99%
Book Value — 40.89% 18.57%

Revenue

Mar Jun Sep Dec Year
’26 46 44 — — —
’25 54 53 51 50 208
’24 52 55 60 57 224
’23 34 37 42 49 162
’22 14 16 23 29 82
’21 6 8 10 13 36
’20 3 3 3 5 13
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (14) 61 — — —
’25 (9) 137 37 29 194
’24 (98) (169) (42) 12 (297)
’23 (41) (79) (114) (135) (370)
’22 (69) (157) (113) (88) (428)
’21 (25) (124) (158) (83) (389)
’20 11 4 (38) (129) (152)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (14) 61 — — —
’25 (9) 137 37 29 194
’24 (98) (169) (42) 12 (297)
’23 (41) (79) (114) (135) (370)
’22 (69) (157) (113) (88) (428)
’21 (25) (124) (158) (83) (389)
’20 11 4 (38) (129) (152)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.18 0.07 — — —
’25 0.29 0.32 0.38 0.32 1.30
’24 0.57 0.37 0.67 0.54 2.15
’23 0.44 0.47 0.58 0.73 2.27
’22 0.33 (0.12) 0.24 0.29 0.74
’21 0.45 0.50 0.60 0.56 2.12
’20 (1.03) (0.54) 0.92 1.09 0.43
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — — — — 16.00 13.16

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — — — — 18.10 18.01
High Price
— — — — — — — — — —
Employees
— — — 0 0 0 0 0 0 0
Revenue/Emp
— — — 15 13 36 82 162 224 208
Revenue
— — — 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Gross Margin
— — — 7 2 27 17 77 116 66
EBT
— — — 47.32% 16.12% 75.13% 20.99% 47.46% 51.99% 31.64%
EBT Margin
— — — 7 2 27 17 76 116 66
Net Income
— — — 0 3 (6) 27 (1) (7) 21
Depreciation
— — — 3.79 2.68 2.82 3.54 4.85 4.14 4.13
Revenue/Sh
— — — 1.79 0.43 2.12 0.74 2.27 2.15 1.30
Earnings/Sh
— — — (4.42) (30.64) (30.28) (18.38) (11.07) (5.49) 3.86
Cash Flow/Sh
— — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capex/Sh
— — — (4.42) (30.64) (30.28) (18.38) (11.07) (5.49) 3.86
Free CF/Sh
— — — 16.29 31.75 29.11 22.55 22.40 17.93 17.40
Book Value/Sh
— — — 4 5 13 23 33 54 50
Shares
— — — 8.05 8.05 8.05 8.05 8.05 7.80 10.18
PE Ratio
— — — 3.68 3.68 3.68 3.68 3.68 4.05 3.23
PS Ratio
— — — 0.80 0.80 0.80 0.80 0.80 0.94 0.77
PB Ratio
— — — 9.10 9.10 9.10 9.10 9.10 8.81 8.29
EV/Sales
— — — (3.98) (3.98) (3.98) (3.98) (3.98) (6.64) 8.88
EV/FCF
— — — (18) (152) (389) (428) (370) (297) 194
Op' Cash Flow
— — — — — — — — — —
Capex
— — — (18) (152) (389) (428) (370) (297) 194
FCF
— — — 6 11 7 24 50 (3) 42
Working Cap'
— — — 118 188 406 700 944 1,108 1,115
Total Debt
— — — 115 176 371 660 876 1,065 1,053
Net Debt
— — — 66 158 374 525 748 970 875
Sh' Equity
— — — 0.00% 0.79% 4.64% 1.67% 5.09% 6.00% 3.13%
ROA
— — — 4.54% 1.82% 2.52% 3.75% 5.59% 6.23% 5.56%
ROIC
— — — 0.00% 1.92% 10.26% 3.85% 11.93% 13.54% 7.11%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Nuveen Churchill Direct Lending Corp. (NCDL) key facts

  • Nuveen Churchill Direct Lending Corp. (NCDL) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
  • Nuveen Churchill Direct Lending Corp.’s revenue for fiscal 2025 (year ended December 2025) was $207.9 million, down 7.22% from fiscal 2024.
  • As of September 25, 2026, NCDL traded at $11.70, a market capitalization of $578.3 million.
  • Return on equity was 7.11% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Nuveen Churchill Direct Lending Corp. (NCDL) Latest News

News by impact score

Fine-tune

9 Sep

3

Nuveen Churchill Direct Lending Corp. experiences a widening payout cushion alongside rising risk flags. Mixed payout gains and rising risks point to moderate effects on NCDL performance.

8 Aug

3 transcript

Nuveen Churchill Direct Lending Corp. held Q2 earnings call covering financial results, portfolio performance, and outlook for direct lending operations. Q2 earnings updates can moderately shift near-term investor sentiment and stock performance without altering long-term strategy.

6 Aug

3

Nuveen Churchill Direct Lending Corp (NCDL) Q2 2026 earnings call highlights show NII covering dividends within its direct lending portfolio. Quarterly earnings metrics shape NCDL dividend coverage and near-term investor views.

3

Nuveen Churchill Direct Lending Corp. held its Q2 2026 earnings call. Q2 2026 earnings call delivers financial updates that may shift short-term market views without major strategic overhaul.

3

Nuveen Churchill Direct Lending Corp. reported its second quarter 2026 financial results. Quarterly earnings releases deliver updated financial metrics that moderately influence short-term market reactions and investor views.

3

Nuveen Churchill Direct Lending Corp. (NCDL) has reported its Q2 earnings, meeting analysts' estimates. The company continues to navigate the lending market effectively, maintaining its performance amidst economic fluctuations. Investors are encouraged by the results, which reflect stability and adherence to financial expectations. Earnings meeting estimates indicates stable performance, but does not signal a significant shift in the company's trajectory.

3

Nuveen Churchill Direct Lending Corp. (NCDL) reported its financial results for the second quarter of 2025, highlighting key metrics such as net investment income and changes in net asset value. The company emphasized its strategic focus on direct lending and maintaining a diversified portfolio to navigate market conditions. Management expressed optimism about future growth opportunities and the overall performance of the lending sector, despite potential economic challenges. The financial results indicate moderate performance that may influence investor sentiment and operational aspects but are not expected to drastically change the company's trajectory.

10 Jul

3

Nuveen Churchill Direct Lending Corp. closed a public offering of additional $100 million 6.650% notes due 2030. The $100 million notes issuance expands available capital for core lending activities and alters the debt profile.

29 Jun

3

Wells Fargo downgraded Nuveen Churchill Direct Lending (NCDL) citing expected pressure on dividend coverage. Analyst downgrade flags dividend risks likely to weigh on NCDL stock near term.

12 May

4

Nuveen Churchill Direct Lending Corp. (NCDL) released Q1 earnings call highlights detailing financial performance, portfolio metrics, dividend declarations, and outlook amid market conditions. Q1 earnings highlights disclose core financial metrics, investment activity, and guidance that significantly shape NCDL's valuation and investor expectations.

7 May

4

Nuveen Churchill Direct Lending Corp. announced first quarter 2026 results, reporting key financial metrics including net investment income, portfolio performance, and dividend declarations. Quarterly earnings results directly shape investor sentiment, stock valuation, and projections for future performance in direct lending operations.

27 Feb

4

Nuveen Churchill Direct Lending Corp. (NCDL) Q4 2025 earnings call summary details financial results, portfolio performance, investment activity, dividend declarations, and outlook amid market conditions. Q4 earnings summary provides key financial metrics, guidance, and strategic insights directly influencing NCDL's valuation and investor sentiment.

4

Nuveen Churchill Direct Lending Corp. (NCDL) reported a fourth quarter net investment income of $0.56 per share and declared a first quarter regular distribution of $0.45 per share. For the full year 2024, NCDL achieved a return on equity exceeding 12% and paid $2.10 per share in distributions, fully covered by net investment income. The company deployed over $950 million in new investments, marking a 40% increase year-over-year. As of December 31, 2024, NCDL's portfolio was valued at $2.08 billion across 210 companies, with a net asset value per share of $18.18. The company also issued $300 million in unsecured notes to optimize its capital structure and maintain liquidity for future investments. The significant increase in investment activity and the declaration of distributions indicate a strong financial position and strategic growth potential.

4

Nuveen Churchill Direct Lending Corp. reports financial results for Q4 and full year 2023, with record net investment income and active investment quarter. The article highlights significant financial performance and investment activity that could impact NCDL's future trajectory.

26 Feb

4

Nuveen Churchill Direct Lending Corp (NCDL) reported strong ROE in Q4 2025 earnings call highlights. Strong ROE demonstrates robust profitability, likely enhancing investor sentiment and future performance.

4

Nuveen Churchill Direct Lending Corp. (NCDL) surpassed Q4 earnings estimates, reporting stronger-than-expected results. Surpassing Q4 earnings estimates signals robust financial performance and enhances investor sentiment for future growth.

4

Nuveen Churchill Direct Lending Corp. (NCDL) announced fourth quarter 2025 results, highlighting key financial metrics including net investment income, NAV per share, and portfolio performance. Quarterly earnings announcements like Q4 2025 results significantly influence NCDL's financial trajectory, investor sentiment, and stock performance.

5 Nov

3

Nuveen Churchill Direct Lending Corp. released Q3 2025 earnings call summary detailing financial results, portfolio performance, and outlook. Q3 2025 earnings call summary reveals financial performance and updates with moderately noticeable influence on market sentiment and trajectory.

4 Nov

4 transcript

Nuveen Churchill Direct Lending Corp. (NCDL) reported its Q3 2025 earnings, highlighting strategic initiatives to navigate market challenges and enhance portfolio performance. The company emphasized its focus on maintaining credit quality while pursuing growth opportunities in direct lending. Key financial metrics showed resilience despite economic headwinds, with management expressing confidence in future prospects and ongoing efforts to optimize operations. Significant strategic initiatives and market navigation efforts are likely to impact future performance and investor sentiment.

3

Nuveen Churchill Direct Lending Corp. (NCDL) reported Q3 earnings and revenues that fell short of analysts' estimates, raising concerns about its financial performance. The company faced challenges in its lending operations, which may impact future growth and investor sentiment. Despite the miss, management remains optimistic about long-term strategies and market conditions. Earnings and revenue misses can moderately influence investor sentiment and financial performance.

3

Nuveen Churchill Direct Lending Corp. (NCDL) reported its financial results for the third quarter of 2025, highlighting key performance metrics and updates on its investment portfolio. The company demonstrated resilience in its lending operations, with a focus on maintaining strong credit quality and managing risks amid market fluctuations. NCDL's earnings reflect strategic initiatives aimed at enhancing shareholder value and navigating the evolving economic landscape. The financial results indicate moderate performance that may influence investor sentiment and operational aspects but are not expected to significantly alter the company's overall trajectory.

9 May

4 transcript

Nuveen Churchill Direct Lending Corp. (NCDL) reported its Q1 2025 earnings, highlighting strategies for growth amid a challenging market environment. The company emphasized its focus on maintaining a strong portfolio while navigating interest rate fluctuations and economic uncertainties. Key performance indicators showed resilience, with management outlining plans for future investments and risk management to enhance shareholder value. Overall, NCDL remains committed to its growth trajectory despite external pressures. Significant strategic moves and market dynamics discussed could alter the company's trajectory and investor sentiment.

3

Nuveen Churchill Direct Lending Corp. reports first quarter 2024 results, including net investment income of $0.56 per share and a regular distribution of $0.45 per share for the second quarter. The financial results and distribution declaration are expected to moderately influence NCDL's future performance and market sentiment.

8 May

3

Nuveen Churchill Direct Lending Corp. (NCDL) reported its first quarter 2025 results, showing a net investment income of $0.53 per share and a net asset value of $17.96 per share. The company declared a second quarter regular distribution of $0.45 per share. Despite a net realized and unrealized loss of $(0.24) per share, NCDL's diversified portfolio remains stable, with only 0.4% on non-accrual status. The company issued $300 million in unsecured notes to optimize its capital structure and reduce borrowing costs. As of March 31, 2025, NCDL's portfolio investments totaled $2.08 billion across 210 companies, with a weighted average yield of 10.10%. The company continues to focus on high-quality investments and maintaining underwriting discipline. The financial results indicate moderate changes in performance and portfolio management that could influence investor sentiment.

22 Jan

3

Nuveen Churchill Direct Lending Corp. (NCDL) has successfully closed a public offering of $300 million in 6.650% notes due in 2030. The offering is expected to enhance the company's capital structure and provide additional liquidity for future investments. Proceeds from the notes will be used for general corporate purposes, which may include funding new loans and investments. The public offering of notes is expected to provide additional liquidity and support future investments, impacting financial performance moderately.

7 Nov

4

Nuveen Churchill Direct Lending Corp. reported strong third quarter results with net investment income of $0.58 per share, an increase in net asset value, and declared a fourth quarter regular distribution of $0.45 per share. The article describes significant financial performance and strategic moves that are expected to impact NCDL's future trajectory and investor sentiment.

9 Oct

3

Nuveen Churchill Direct Lending Corp. (NCDL) will release its third quarter 2024 financial results on November 7, 2024, followed by an earnings conference call. The financial results and conference call may moderately influence NCDL's future financial performance and market sentiment.

7 Aug

4

Nuveen Churchill Direct Lending Corp. reported net investment income of $0.57 per share for the second quarter of 2024 and declared a third quarter regular distribution of $0.45 per share. The company's portfolio value increased to $2.0 billion, with a focus on the middle market. The article discusses significant financial results and strategic positioning that could impact NCDL's future performance and market standing.

17 Jul

3

Nuveen Churchill Direct Lending Corp. to report Q2 2024 financial results on August 7, 2024, followed by an earnings conference call. The financial results and conference call may moderately influence NCDL's financial performance and market sentiment.

17 Apr

3

Nuveen Churchill Direct Lending Corp. to release first quarter 2024 earnings on May 9, 2024. The earnings release and conference call may moderately influence the company's financial performance and market sentiment.

stockrow.com/NCDL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com