N

Nuveen Churchill Direct Lending Corp
NYSE:NCDL

Watchlist Manager
Nuveen Churchill Direct Lending Corp
NYSE:NCDL
Watchlist
Price: 16.44 USD 0.18% Market Closed
Market Cap: 895.8m USD
Have any thoughts about
Nuveen Churchill Direct Lending Corp?
Write Note

Relative Value

The Relative Value of one NCDL stock under the Base Case scenario is 30.61 USD. Compared to the current market price of 16.44 USD, Nuveen Churchill Direct Lending Corp is Undervalued by 46%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NCDL Relative Value
Base Case
30.61 USD
Undervaluation 46%
Relative Value
Price
N
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
75
vs Industry
29
Median 3Y
4.8
Median 5Y
4.8
Industry
3.1
Forward
3.9
vs History
75
vs Industry
43
Median 3Y
9.6
Median 5Y
9.6
Industry
15.3
Forward
7
vs History
vs Industry
Median 3Y
-2.1
Median 5Y
-2.1
Industry
10.2
vs History
vs Industry
Median 3Y
-3
Median 5Y
-3
Industry
12.8
vs History
75
vs Industry
49
Median 3Y
1
Median 5Y
1
Industry
1.3
vs History
75
vs Industry
22
Median 3Y
9.6
Median 5Y
9.6
Industry
4.8
Forward
8.3
vs History
75
vs Industry
17
Median 3Y
17.8
Median 5Y
17.8
Industry
7
vs History
75
vs Industry
30
Median 3Y
17.2
Median 5Y
17.2
Industry
14.1
vs History
75
vs Industry
28
Median 3Y
17.2
Median 5Y
17.2
Industry
14.6
vs History
vs Industry
Median 3Y
-4.2
Median 5Y
-4.2
Industry
12.3
vs History
vs Industry
Median 3Y
-4.2
Median 5Y
-4.2
Industry
13.4
vs History
75
vs Industry
38
Median 3Y
1
Median 5Y
1
Industry
1

Multiples Across Competitors

NCDL Competitors Multiples
Nuveen Churchill Direct Lending Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Nuveen Churchill Direct Lending Corp
NYSE:NCDL
897.2m USD 4.2 7.8 16 16
US
Blackstone Inc
NYSE:BX
211B USD 18.5 94.9 38.8 39.1
US
BlackRock Inc
NYSE:BLK
145.9B USD 7.5 24 18.8 19.9
US
KKR & Co Inc
NYSE:KKR
131.6B USD 5.5 44 169.5 169.5
CA
Brookfield Corp
NYSE:BN
88.1B USD 1 119.4 10 14.4
LU
Reinet Investments SCA
JSE:RNI
61.4B Zac 0 0 0 0
ZA
Ninety One Ltd
JSE:NY1
60.6B Zac 0 0 0 0
MU
African Rainbow Capital Investments Ltd
JSE:AIL
58.9B Zac 0 0 0 0
US
Bank of New York Mellon Corp
NYSE:BK
56.7B USD 3.1 16.8 54.1 0
US
Ameriprise Financial Inc
NYSE:AMP
52B USD 3 19.2 18 18
UK
3i Group PLC
LSE:III
35.6B GBP 8.8 9.2 9.5 9.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
N
Nuveen Churchill Direct Lending Corp
NYSE:NCDL
Average EV/EBITDA: 41.8
16
N/A N/A
US
Blackstone Inc
NYSE:BX
38.8
49%
0.8
US
BlackRock Inc
NYSE:BLK
18.8
20%
0.9
US
KKR & Co Inc
NYSE:KKR
169.5
61%
2.8
CA
Brookfield Corp
NYSE:BN
10
-24%
N/A
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
MU
A
African Rainbow Capital Investments Ltd
JSE:AIL
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
54.1
N/A N/A
US
Ameriprise Financial Inc
NYSE:AMP
18
12%
1.5
UK
3i Group PLC
LSE:III
9.5
13%
0.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
N
Nuveen Churchill Direct Lending Corp
NYSE:NCDL
Average EV/EBIT: 40.9
16
N/A N/A
US
Blackstone Inc
NYSE:BX
39.1
46%
0.8
US
BlackRock Inc
NYSE:BLK
19.9
20%
1
US
KKR & Co Inc
NYSE:KKR
169.5
48%
3.5
CA
Brookfield Corp
NYSE:BN
14.4
-40%
N/A
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
MU
A
African Rainbow Capital Investments Ltd
JSE:AIL
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
Not Available N/A N/A
US
Ameriprise Financial Inc
NYSE:AMP
18
6%
3
UK
3i Group PLC
LSE:III
9.5
18%
0.5