Pricing Log in Create free account

Morgan Stanley Direct Lending Fund (MSDL) vs Trinity Capital Inc. (TRIN)

Morgan Stanley Direct Lending Fund and Trinity Capital Inc. are both Asset Management companies. Trinity Capital Inc. is the larger, with a market value of $1.7B against $1.2B — 1.4× the size. Trinity Capital Inc. trades at the lower P/E: 9.6× against 284×. Trinity Capital Inc. grew revenue faster over the last twelve months: 25.7% against −10.7%. Morgan Stanley Direct Lending Fund has the higher net margin (1.34% vs 0.00%) and the higher return on invested capital (3.06% vs 0.00%). Both pay a dividend; Morgan Stanley Direct Lending Fund yields more (13.1% vs 12.5%). Across the 18 metrics below, Morgan Stanley Direct Lending Fund leads on 9 and Trinity Capital Inc. on 9.

Valuation

Metric MSDL TRIN Asset Management median
P/E 283.60 9.58 13.38
P/S 3.30 5.01 2.99
P/B 0.76 1.27 0.91
Price to free cash flow 3.20 n/m 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 0.35% 10.44% 4.67%
Free cash flow yield 31.27% (28.30%) 4.85%

Profitability

Metric MSDL TRIN Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 0.00% 77.39% 27.27%
Net margin 1.34% 0.00% 11.89%
Free cash flow margin 103.35% 0.00% 5.96%
Return on equity 0.29% 13.82% 4.57%
Return on assets 0.13% 6.20% 1.40%
Return on invested capital 3.06% 0.00% 2.12%

Growth

Metric MSDL TRIN Asset Management median
Revenue growth (TTM) (10.69%) 25.65% 7.26%
EPS growth (last fiscal year) (42.39%) (6.67%) (5.64%)
Revenue growth, 5-year CAGR 78.53% 39.81% 11.84%
Net income growth, 5-year CAGR 46.17% 0.00% 0.00%

Health

Metric MSDL TRIN Asset Management median
Debt to equity 1.21 0.00 0.40
Current ratio 0.00 0.00 1.23
Net debt to EBITDA 5.42 1.55 1.06

Dividend

Metric MSDL TRIN Asset Management median
Dividend yield 13.05% 12.47% 6.43%
Payout ratio 37.00 1.19 0.91

Size

Metric MSDL TRIN Asset Management median
Market cap 1.19b 1.68b 692.54m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack