Morgan Stanley Direct Lending Fund (Morgan Stanley Direct Lending Fund) Book Value per Share : $20.67 (As of Mar. 2024)

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What is Morgan Stanley Direct Lending Fund Book Value per Share?

Morgan Stanley Direct Lending Fund's book value per share for the quarter that ended in Mar. 2024 was $20.67.

During the past 12 months, Morgan Stanley Direct Lending Fund's average Book Value Per Share Growth Rate was 29.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 78.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Morgan Stanley Direct Lending Fund was 78.70% per year. The lowest was 78.70% per year. And the median was 78.70% per year.

Morgan Stanley Direct Lending Fund's current price is $23.32. Its book value per share for the quarter that ended in Mar. 2024 was $20.67. Hence, today's PB Ratio of Morgan Stanley Direct Lending Fund is 1.13.

During the past 4 years, the highest P/B Ratio of Morgan Stanley Direct Lending Fund was 1.15. The lowest was 1.02. And the median was 1.05.

Morgan Stanley Direct Lending Fund Book Value per Share Historical Data

The historical data trend for Morgan Stanley Direct Lending Fund's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Morgan Stanley Direct Lending Fund Book Value per Share Chart

Morgan Stanley Direct Lending Fund Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Book Value per Share

3.42

13.46

15.83

19.50

Morgan Stanley Direct Lending Fund Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Book Value per Share	Get a 7-Day Free Trial									16.02	16.31	16.78	19.50	20.67

Competitive Comparison of Morgan Stanley Direct Lending Fund's Book Value per Share

For the Asset Management subindustry, Morgan Stanley Direct Lending Fund's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Morgan Stanley Direct Lending Fund's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Morgan Stanley Direct Lending Fund's PB Ratio distribution charts can be found below:

* The bar in red indicates where Morgan Stanley Direct Lending Fund's PB Ratio falls into.

Morgan Stanley Direct Lending Fund Book Value per Share Calculation

Morgan Stanley Direct Lending Fund's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(1,721.2	-	0.0)	/	88.3
	=	19.50

Morgan Stanley Direct Lending Fund's Book Value Per Share for the quarter that ended in Mar. 2024 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(1,837.0	-	0.0)	/	88.9
	=	20.67

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Morgan Stanley Direct Lending Fund (NYSE:MSDL) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Morgan Stanley Direct Lending Fund Book Value per Share Related Terms

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Morgan Stanley Direct Lending Fund (Morgan Stanley Direct Lending Fund) Business Description

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Morgan Stanley Direct Lending Fund is a fund whose investment objective is to achieve attractive risk-adjusted returns via current income and, to a lesser extent, capital appreciation by investing primarily in directly originated senior secured term loans issued by U.S. middle-market companies backed by private equity sponsors. They invest primarily in directly originated senior secured term loans including first lien senior secured term loans including unitranche loans and second lien senior secured term loans, with the balance of our investments expected to be in higher-yielding assets such as mezzanine debt, unsecured debt, equity investments and other opportunistic asset purchases.

Morgan Stanley Direct Lending Fund (Morgan Stanley Direct Lending Fund) Headlines

From GuruFocus

Morgan Stanley Direct Lending Fund Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

By Business Wire • 02-14-2024