Kayne Anderson BDC, Inc. (KBDC) vs Morgan Stanley Direct Lending Fund (MSDL)
- Kayne Anderson BDC, Inc. KBDC 12.43 −1.58%
- Morgan Stanley Direct Lending Fund MSDL 13.03 −1.96%
Kayne Anderson 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 $1.1B against $834.1M — 1.3× the size. Kayne Anderson BDC, Inc. trades at the lower P/E: 11.4× against 18.9×. Kayne Anderson BDC, Inc. grew revenue faster over the last twelve months: 4.24% against −9.57%. Kayne Anderson BDC, Inc. has the higher net margin (31.5% vs 16.0%) and the higher return on invested capital (5.43% vs 2.95%). Both pay a dividend; Morgan Stanley Direct Lending Fund yields more (14.2% vs 12.9%). Across the 19 metrics below, Kayne Anderson BDC, Inc. leads on 10 and Morgan Stanley Direct Lending Fund on 9.
Valuation
Profitability
| Metric | KBDC | MSDL | Asset Management median |
|---|---|---|---|
| Gross margin | 84.96% | 100.00% | 100.00% |
| Operating margin | 83.39% | 79.74% | 33.42% |
| Net margin | 31.54% | 15.97% | 13.37% |
| Free cash flow margin | (1.50%) | 75.61% | 12.36% |
| Return on equity | 6.72% | 3.48% | 4.79% |
| Return on assets | 3.24% | 1.57% | 1.55% |
| Return on invested capital | 5.43% | 2.95% | 2.97% |
Growth
Health
Dividend
Size
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