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Nuveen Churchill Direct Lending Corp
NYSE:NCDL

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Nuveen Churchill Direct Lending Corp
NYSE:NCDL
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Price: 17.5 USD Market Closed
Updated: May 18, 2024
Section:
 

Intrinsic Value

Nuveen Churchill Direct Lending Corp is a US-based company operating in Capital Markets industry. [ Read More ]

The intrinsic value of one NCDL stock under the Base Case scenario is 27.35 USD. Compared to the current market price of 17.5 USD, Nuveen Churchill Direct Lending Corp is Undervalued by 36%.

Key Points:
NCDL Intrinsic Value
Base Case
27.35 USD
Undervaluation 36%
Intrinsic Value
Price
N
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Base Case
Best Case
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Nuveen Churchill Direct Lending Corp

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Fundamental Analysis

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Nuveen Churchill Direct Lending Corp

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trend over the past five years for Nuveen Churchill Direct Lending Corp.

Popular Strategic Analysis Valuation Future Outlook Peer Analysis Profitability Solvency Financials
Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM
Revenue
Operating Income
Net Income
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Balance Sheet Decomposition
Nuveen Churchill Direct Lending Corp

1.7B
Assets
983m
Liabilities
1.7B
Assets
983m
Liabilities
Current Assets 71.5m
Cash & Short-Term Investments 67.4m
Receivables 4m
Other Current Assets 13k
Non-Current Assets 1.7B
Long-Term Investments 1.6B
Other Non-Current Assets 17.7m
Current Liabilities 39m
Accounts Payable 2.8m
Accrued Liabilities 9.8m
Other Current Liabilities 26.4m
Non-Current Liabilities 943.9m
Long-Term Debt 943.9m
Efficiency

Earnings Waterfall
Nuveen Churchill Direct Lending Corp

Revenue
161.8m USD
Cost of Revenue
-73.5m USD
Gross Profit
88.2m USD
Operating Expenses
-3.2m USD
Operating Income
85m USD
Other Expenses
-9.1m USD
Net Income
75.9m USD
Gross Margin
Operating Margin
Net Margin
FCF Margin
ROE
ROA
ROIC
ROCE

Free Cash Flow Analysis
Nuveen Churchill Direct Lending Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
Fundamental Scores

NCDL Profitability Score
Profitability Due Diligence

Nuveen Churchill Direct Lending Corp's profitability score is 55/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Operating Income
Positive Net Income
Exceptional 1-Year Revenue Growth
55/100
Profitability
Score

Nuveen Churchill Direct Lending Corp's profitability score is 55/100. The higher the profitability score, the more profitable the company is.

NCDL Solvency Score
Solvency Due Diligence

Nuveen Churchill Direct Lending Corp's solvency score is 27/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Long-Term Solvency
Average D/E
Positive Net Debt
27/100
Solvency
Score

Nuveen Churchill Direct Lending Corp's solvency score is 27/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

NCDL Price Targets Summary
Nuveen Churchill Direct Lending Corp

Wall Street analysts forecast NCDL stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for NCDL is 18.87 USD with a low forecast of 18.18 USD and a high forecast of 19.95 USD.

NCDL Lowest Forecast
Wall Street Target
18.18 USD
4% Upside
NCDL Average Forecast
Wall Street Target
18.87 USD
8% Upside
NCDL Highest Forecast
Wall Street Target
19.95 USD
14% Upside
Lowest
Price Target
18.18 USD
4% Upside
Average
Price Target
18.87 USD
8% Upside
Highest
Price Target
19.95 USD
14% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Competitors Analysis
Nuveen Churchill Direct Lending Corp

Ownership

NCDL Insider Trading
Buy and sell transactions by insiders

Summary Transactions
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Shareholder Return

NCDL Price
Nuveen Churchill Direct Lending Corp

1M 1M
-1%
6M 6M
-2%
1Y 1Y
-2%
3Y 3Y
-2%
5Y 5Y
-2%
10Y 10Y
-2%
Annual Price Range
17.5
52w Low
16.11
52w High
18.06
Price Metrics
Average Annual Return
N/A
Standard Deviation of Annual Returns
N/A
Max Drawdown -10%
Shares Statistics
Market Capitalization 959.3m USD
Shares Outstanding 54 820 000
Percentage of Shares Shorted
N/A

NCDL Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Nuveen Churchill Direct Lending Corp

Country

United States of America

Industry

Financial Services

Market Cap

959.3m USD

Dividend Yield

0%

Description

Nuveen Churchill Direct Lending Corp is a US-based company operating in Capital Markets industry. The company is headquartered in New York City, New York and currently employs 0 full-time employees. The company went IPO on 2024-01-25. Nuveen Churchill Direct Lending Corp. is a specialty finance company. The Company’s investment objective is to generate attractive risk-adjusted returns through current income by investing primarily in senior secured loans to private equity-owned U.S. middle market companies. The firm invest in directly originated senior secured loans that typically pay floating interest rates and are senior in the capital structure to junior debt and equity. The firm targets an investment portfolio comprised of at least 80% and up to 100% in first-lien senior secured debt and unitranche loans. The firm seeks to partner with private equity-owned middle market companies that have robust management teams executing on long-term growth strategies. The company also invests in junior capital opportunities, including second-lien loans, subordinated debt, equity co-investments and similar equity-related securities. The firm is externally managed by its Adviser, Churchill DLC Advisor LLC.

Contact

NEW YORK
New York City
375 Park Avenue, 9Th Floor
+12122072003
https://www.churchillam.com/nuveen-churchill-direct-lending-corp/

IPO

2024-01-25

Employees

-

Officers

See Also

Summary
NCDL intrinsic value, competitors valuation, and company profile.
DCF Valuation
NCDL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
NCDL stock valuation using valuation multiples.
Wall Street Estimates
NCDL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
NCDL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
What is the Intrinsic Value of one NCDL stock?

The intrinsic value of one NCDL stock under the Base Case scenario is 27.35 USD.

Is NCDL stock undervalued or overvalued?

Compared to the current market price of 17.5 USD, Nuveen Churchill Direct Lending Corp is Undervalued by 36%.

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