Nuveen Churchill Direct Lending Corp. (NCDL) vs New Mountain Finance Corporation (NMFC)
- Nuveen Churchill Direct Lending Corp. NCDL 10.62 −2.21%
- New Mountain Finance Corporation NMFC 6.73 −2.46%
Nuveen Churchill Direct Lending Corp. and New Mountain Finance Corporation are both Asset Management companies. New Mountain Finance Corporation is the larger, with a market value of $651.3M against $536.4M — 1.2× the size. New Mountain Finance Corporation has negative trailing earnings, so its P/E is not meaningful; Nuveen Churchill Direct Lending Corp. trades at 11.2×. Nuveen Churchill Direct Lending Corp. grew revenue faster over the last twelve months: −14.4% against −60.6%. Nuveen Churchill Direct Lending Corp. has the higher net margin (24.4% vs −41.1%) and the higher return on invested capital (12.1% vs −1.29%). Both pay a dividend; New Mountain Finance Corporation yields more (16.9% vs 4.24%). Across the 19 metrics below, Nuveen Churchill Direct Lending Corp. leads on 12 and New Mountain Finance Corporation on 7.
Valuation
Profitability
| Metric | NCDL | NMFC | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 80.82% | 0.00% | 33.42% |
| Net margin | 24.44% | (41.05%) | 13.37% |
| Free cash flow margin | 58.99% | 560.64% | 12.36% |
| Return on equity | 5.40% | (4.12%) | 4.79% |
| Return on assets | 2.31% | (1.74%) | 1.55% |
| Return on invested capital | 12.06% | (1.29%) | 2.97% |
Growth
Health
Dividend
Size
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