` Comparison: MSDL vs CVC - Alpha Spread

M
MSDL
vs
C
CVC

Over the past 12 months, MSDL has outperformed CVC, delivering a return of -24% compared to the CVC's 43% drop.

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MSDL
CVC
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Valuation Comparison

MSDL Intrinsic Value
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CVC Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
M
Morgan Stanley Direct Lending Fund
NYSE:MSDL
15.9 USD
C
CVC Capital Partners PLC
AEX:CVC
12.95
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Valuation Scenario:
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Growth Comparison

Growth Over Time
MSDL, CVC

MSDL
CVC
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
M
Morgan Stanley Direct Lending Fund
Revenue
C
CVC Capital Partners PLC
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
MSDL, CVC

MSDL
CVC
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
M
Morgan Stanley Direct Lending Fund
NYSE:MSDL
C
CVC Capital Partners PLC
AEX:CVC
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What is Free Cash Flow?

Gross Margin

MSDL
47.2%
CVC
0%

Operating Margin

MSDL
46.2%
CVC
59%

Net Margin

MSDL
35.9%
CVC
42.6%

FCF Margin

MSDL
0.2%
CVC
32.8%

ROE

MSDL
8%
CVC
80.8%

ROA

MSDL
3.8%
CVC
16.7%

ROIC

MSDL
4.9%
CVC
26.6%

ROCE

MSDL
4.9%
CVC
26.5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
MSDL, CVC

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Performance Gap
MSDL, CVC

Performance Gap Between MSDL and CVC
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Performance By Year
MSDL, CVC

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MSDL
CVC
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