BARINGS BDC, INC. (BBDC) vs Morgan Stanley Direct Lending Fund (MSDL)
BARINGS BDC, INC. and Morgan Stanley Direct Lending Fund are both Asset Management companies. Morgan Stanley Direct Lending Fund is the larger, with a market value of $1.2B against $902.6M — 1.3× the size. BARINGS BDC, INC. trades at the lower P/E: 10.4× against 20.7×. BARINGS BDC, INC. grew revenue faster over the last twelve months: −5.06% against −9.57%. BARINGS BDC, INC. has the higher net margin (32.7% vs 16.0%) and the higher return on invested capital (10.9% vs 2.95%). Across the 21 metrics below, BARINGS BDC, INC. leads on 17 and Morgan Stanley Direct Lending Fund on 4.
Valuation
Profitability
| Metric | BBDC | MSDL | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 88.68% | 79.74% | 33.03% |
| Net margin | 32.73% | 15.97% | 13.53% |
| Free cash flow margin | 114.50% | 75.61% | 12.44% |
| Return on equity | 7.50% | 3.48% | 4.83% |
| Return on assets | 3.24% | 1.57% | 1.57% |
| Return on invested capital | 10.90% | 2.95% | 3.04% |
Growth
Health
Dividend
Size
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