Morgan Stanley Direct Lending Fund (MSDL) vs Prospect Capital Corporation (PSEC)
Morgan Stanley Direct Lending Fund and Prospect Capital Corporation are both Asset Management companies. Morgan Stanley Direct Lending Fund and Prospect Capital Corporation are of similar size ($1.2B and $1.2B). Morgan Stanley Direct Lending Fund trades at the lower P/E: 20.7× against 43.8×. 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%). Across the 22 metrics below, Morgan Stanley Direct Lending Fund leads on 11 and Prospect Capital Corporation on 11.
Valuation
Profitability
| Metric | MSDL | PSEC | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 75.38% | 100.00% |
| Operating margin | 79.74% | 71.35% | 33.03% |
| Net margin | 15.97% | 4.66% | 13.53% |
| Free cash flow margin | 75.61% | 80.74% | 12.44% |
| Return on equity | 3.48% | 1.01% | 4.83% |
| Return on assets | 1.57% | 0.45% | 1.57% |
| Return on invested capital | 2.95% | 3.23% | 3.04% |
Growth
Health
Dividend
Size
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