Nuveen Churchill Direct Lending Corp. (NCDL) vs PennantPark Floating Rate Capital Ltd. (PFLT)
- Nuveen Churchill Direct Lending Corp. NCDL 10.62 −2.21%
- PennantPark Floating Rate Capital Ltd. PFLT 6.51 −2.11%
Nuveen Churchill Direct Lending Corp. and PennantPark Floating Rate Capital Ltd. are both Asset Management companies. PennantPark Floating Rate Capital Ltd. is the larger, with a market value of $660.1M against $536.4M — 1.2× the size. Nuveen Churchill Direct Lending Corp. trades at the lower P/E: 11.2× against 12.8×. PennantPark Floating Rate Capital Ltd. grew revenue faster over the last twelve months: 9.33% against −14.4%. Nuveen Churchill Direct Lending Corp. has the higher net margin (24.4% vs 18.5%) and the higher return on invested capital (12.1% vs 3.51%). Both pay a dividend; PennantPark Floating Rate Capital Ltd. yields more (15.9% vs 4.24%). Across the 19 metrics below, Nuveen Churchill Direct Lending Corp. leads on 14 and PennantPark Floating Rate Capital Ltd. on 5.
Valuation
Profitability
| Metric | NCDL | PFLT | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 80.82% | 76.57% | 33.42% |
| Net margin | 24.44% | 18.53% | 13.37% |
| Free cash flow margin | 58.99% | (21.54%) | 12.36% |
| Return on equity | 5.40% | 4.77% | 4.79% |
| Return on assets | 2.31% | 1.95% | 1.55% |
| Return on invested capital | 12.06% | 3.51% | 2.97% |
Growth
Health
Dividend
Size
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