Morgan Stanley Direct Lending Fund (MSDL) vs Patria Investments Limited (PAX)
- Morgan Stanley Direct Lending Fund MSDL 13.62 −3.47%
- Patria Investments Limited PAX 9.48 −1.35%
Morgan Stanley Direct Lending Fund and Patria Investments Limited are both Asset Management companies. Patria Investments Limited is the larger, with a market value of $1.6B against $1.2B — 1.3× the size. Patria Investments Limited trades at the lower P/E: 21.9× against 284×. Patria Investments Limited grew revenue faster over the last twelve months: 9.84% against −10.7%. Patria Investments Limited has the higher net margin (13.4% vs 1.34%) and the higher return on invested capital (8.59% vs 3.06%). Both pay a dividend; Morgan Stanley Direct Lending Fund yields more (13.1% vs 6.48%). Across the 21 metrics below, Patria Investments Limited leads on 12 and Morgan Stanley Direct Lending Fund on 9.
Valuation
Profitability
| Metric | MSDL | PAX | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 40.17% | 100.00% |
| Operating margin | 0.00% | 26.73% | 27.27% |
| Net margin | 1.34% | 13.35% | 11.89% |
| Free cash flow margin | 103.35% | 0.00% | 5.96% |
| Return on equity | 0.29% | 9.67% | 4.57% |
| Return on assets | 0.13% | 3.77% | 1.40% |
| Return on invested capital | 3.06% | 8.59% | 2.12% |
Growth
Health
Dividend
Size
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