Nuveen Churchill Direct Lending Corp. (NCDL) vs SLR Investment Corp. (SLRC)

Nuveen Churchill Direct Lending Corp. and SLR Investment Corp. are both Asset Management companies. Nuveen Churchill Direct Lending Corp. and SLR Investment Corp. are of similar size ($643.0M and $585.9M). SLR Investment Corp. trades at the lower P/E: 11.3× against 13.8×. SLR Investment Corp. grew revenue faster over the last twelve months: −8.08% against −14.2%. SLR Investment Corp. has the higher net margin (28.8% vs 24.0%) and the lower return on invested capital (2.96% vs 11.5%). Both pay a dividend; SLR Investment Corp. yields more (12.0% vs 3.77%). Across the 20 metrics below, SLR Investment Corp. leads on 14 and Nuveen Churchill Direct Lending Corp. on 6.

Valuation

Metric NCDL SLRC Asset Management median
P/E 13.83 11.32 13.38
P/S 3.20 3.24 2.99
P/B 0.70 0.67 0.91
Price to free cash flow 4.23 3.00 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.23% 8.83% 4.67%
Free cash flow yield 23.63% 33.32% 4.85%

Profitability

Metric NCDL SLRC Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 80.72% 70.35% 27.27%
Net margin 23.98% 28.75% 11.89%
Free cash flow margin 75.67% 107.93% 5.96%
Return on equity 5.12% 5.91% 4.57%
Return on assets 2.23% 2.28% 1.40%
Return on invested capital 11.52% 2.96% 2.12%

Growth

Metric NCDL SLRC Asset Management median
Revenue growth (TTM) (14.24%) (8.08%) 7.26%
EPS growth (last fiscal year) (39.53%) (3.41%) (5.64%)
Revenue growth, 5-year CAGR 73.29% 12.41% 11.84%
Net income growth, 5-year CAGR 98.20% 43.04% 0.00%

Health

Metric NCDL SLRC Asset Management median
Debt to equity 0.00 1.14 0.40
Current ratio 0.06 1.09 1.23
Net debt to EBITDA 5.46 5.05 1.06

Dividend

Metric NCDL SLRC Asset Management median
Dividend yield 3.77% 12.01% 6.43%
Payout ratio 0.52 1.36 0.91

Size

Metric NCDL SLRC Asset Management median
Market cap 585.87m 642.97m 692.54m

Compare with another peer

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