Morgan Stanley Direct Lending Fund (MSDL) vs Prospect Capital Corporation (PSEC)
- Morgan Stanley Direct Lending Fund MSDL 13.03 −1.96%
- Prospect Capital Corporation PSEC 1.60 −1.84%
Morgan Stanley Direct Lending Fund and Prospect Capital Corporation are both Asset Management companies. Morgan Stanley Direct Lending Fund is the larger, with a market value of $1.1B against $870.1M — 1.3× the size. Morgan Stanley Direct Lending Fund trades at the lower P/E: 18.9× against 32.0×. Morgan Stanley Direct Lending Fund grew revenue faster over the last twelve months: −9.57% against −11.1%. Morgan Stanley Direct Lending Fund has the higher net margin (16.0% vs 4.66%) and the lower return on invested capital (2.95% vs 3.23%). Both pay a dividend; Prospect Capital Corporation yields more (32.8% vs 14.2%). Across the 21 metrics below, Morgan Stanley Direct Lending Fund leads on 11 and Prospect Capital Corporation on 10.
Valuation
Profitability
| Metric | MSDL | PSEC | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 75.38% | 100.00% |
| Operating margin | 79.74% | 71.35% | 33.42% |
| Net margin | 15.97% | 4.66% | 13.37% |
| Free cash flow margin | 75.61% | 80.74% | 12.36% |
| Return on equity | 3.48% | 1.01% | 4.79% |
| Return on assets | 1.57% | 0.45% | 1.55% |
| Return on invested capital | 2.95% | 3.23% | 2.97% |
Growth
Health
Dividend
Size
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