MSD (Morgan Stanley Emerg Mkts Debt Fd) Intrinsic Value: Projected FCF: $6.33 (As of Sep. 01, 2026)

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MSD Morgan Stanley Emerg Mkts Debt Fd Inc MSD
58 GF Score
Price $7.29
GF Value $9.63
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Morgan Stanley Emerg Mkts Debt Fd Intrinsic Value: Projected FCF?

Morgan Stanley Emerg Mkts Debt Fd MSD 58 Intrinsic Value: Projected FCF is $6.33 as of Sep. 01, 2026. GuruFocus rates MSD with a GF Score™ of 58/100 and a GF Value™ of $9.63 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,215 Asset Management companies, Morgan Stanley Emerg Mkts Debt Fd ranks worse than 63.79% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-01), Morgan Stanley Emerg Mkts Debt Fd's Intrinsic Value: Projected FCF is $6.33. The stock price of Morgan Stanley Emerg Mkts Debt Fd is $7.29. Therefore, Morgan Stanley Emerg Mkts Debt Fd's Price-to-Intrinsic-Value-Projected-FCF of today is 1.2.

The historical rank and industry rank for Morgan Stanley Emerg Mkts Debt Fd's Intrinsic Value: Projected FCF or its related term are showing as below:

MSD' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.12   Med: 1.17   Max: 1.27
Current: 1.15

During the past 9 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Morgan Stanley Emerg Mkts Debt Fd was 1.27. The lowest was 1.12. And the median was 1.17.

MSD's Price-to-Projected-FCF is ranked worse than
63.79% of 1215 companies
in the Asset Management industry
Industry Median: 0.91 vs MSD: 1.15

Morgan Stanley Emerg Mkts Debt Fd  (NYSE:MSD) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Morgan Stanley Emerg Mkts Debt Fd's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=7.29/6.3270559006211
=1.15

* 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.


Morgan Stanley Emerg Mkts Debt Fd Intrinsic Value: Projected FCF Related Terms


Morgan Stanley Emerg Mkts Debt Fd Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Morgan Stanley Emerg Mkts Debt Fd's Intrinsic Value: Projected FCF 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.

Morgan Stanley Emerg Mkts Debt Fd Intrinsic Value: Projected FCF Chart

Morgan Stanley Emerg Mkts Debt Fd Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 6.19 6.04 6.33

Morgan Stanley Emerg Mkts Debt Fd Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.19 0.00 6.04 0.00 6.33

MSD vs OXSQ, GRX, PFD: Intrinsic Value: Projected FCF Comparison

For the Asset Management subindustry, Morgan Stanley Emerg Mkts Debt Fd's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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 Emerg Mkts Debt Fd Price-to-Projected-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Morgan Stanley Emerg Mkts Debt Fd's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Morgan Stanley Emerg Mkts Debt Fd's Price-to-Projected-FCF falls into.


MSD
58GF Score
Morgan Stanley Emerg Mkts Debt Fd Inc MSD
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morgan Stanley Emerg Mkts Debt Fd Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Morgan Stanley Emerg Mkts Debt Fd's Free Cash Flow(6 year avg) = $0.00.

Morgan Stanley Emerg Mkts Debt Fd's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*0+159.165*0.8)/20.125
=6.33

* 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.

What does a Intrinsic Value: Projected FCF of $6.33 mean?
Morgan Stanley Emerg Mkts Debt Fd (MSD) has a Intrinsic Value: Projected FCF of $6.33 as of Sep. 01, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Morgan Stanley Emerg Mkts Debt Fd and its competitors. According to the industry distribution chart, Morgan Stanley Emerg Mkts Debt Fd ranks #775 out of 1215 companies in the Asset Management industry, placing it in the top 63.8%.
Is Morgan Stanley Emerg Mkts Debt Fd's Intrinsic Value: Projected FCF too high?
Morgan Stanley Emerg Mkts Debt Fd's current Intrinsic Value: Projected FCF is $6.33. The Asset Management industry median Intrinsic Value: Projected FCF is 0.91. Morgan Stanley Emerg Mkts Debt Fd's value of $6.33 is 595.6% above this industry median. Based on the distribution chart, Morgan Stanley Emerg Mkts Debt Fd ranks #775 out of 1215 companies in the Asset Management industry, which is below the industry midpoint. Overall, Morgan Stanley Emerg Mkts Debt Fd has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley Emerg Mkts Debt Fd's Intrinsic Value: Projected FCF compare to OXSQ and GRX?
According to the Asset Management industry distribution chart, Morgan Stanley Emerg Mkts Debt Fd ranks #775 out of 1215 companies for Intrinsic Value: Projected FCF. This places Morgan Stanley Emerg Mkts Debt Fd in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.91. Morgan Stanley Emerg Mkts Debt Fd's value of $6.33 is 595.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Asset Management company?
The median Intrinsic Value: Projected FCF among Asset Management companies is 0.91, based on 1,215 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morgan Stanley Emerg Mkts Debt Fd's current Intrinsic Value: Projected FCF of $6.33 is 595.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Morgan Stanley Emerg Mkts Debt Fd and its competitors. For the Asset Management industry, the median Intrinsic Value: Projected FCF is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morgan Stanley Emerg Mkts Debt Fd's current Intrinsic Value: Projected FCF is $6.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morgan Stanley Emerg Mkts Debt Fd stock overvalued right now?
Based on GuruFocus' analysis, Morgan Stanley Emerg Mkts Debt Fd (MSD) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.63, compared to a current price of $7.29 — trading 24.3% below its estimated fair value. The current Intrinsic Value: Projected FCF is $6.33 and 595.6% above the Asset Management industry median of 0.91. Morgan Stanley Emerg Mkts Debt Fd's overall GF Score™ is 58/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Morgan Stanley Emerg Mkts Debt Fd (MSD), the current Intrinsic Value: Projected FCF is $6.33 as of Sep. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Morgan Stanley Emerg Mkts Debt Fd (MSD) Overvalued in 2026?

Based on GuruFocus' analysis, Morgan Stanley Emerg Mkts Debt Fd stock appears to be undervalued. The current stock price of $7.29 is trading 24.3% below its estimated GF Value™ of $9.63. GuruFocus considers Morgan Stanley Emerg Mkts Debt Fd to be Modestly Undervalued.

Key valuation signals for MSD:

  • Intrinsic Value: Projected FCF: $6.33
  • GF Value™: $9.63 vs. price of $7.29 (24.3% below fair value)
  • GF Score™: 58/100 with 2 warning signs
  • Industry Position: 595.6% above the Asset Management median (#775 of 1215)

No single metric tells the full story. See the MSD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morgan Stanley Emerg Mkts Debt Fd Business Description

Address 1585 Broadway, New York, NY, USA, 10036
Morgan Stanley Emerg Mkts Debt Fd Inc is a diversified, closed-end management investment company. The Fund's primary investment objective is to produce high current income and as a secondary objective to seek capital appreciation, through investments mainly in debt securities of government and government-related issuers located in emerging countries, of entities organized to restructure the outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.
58GF Score

Get the complete analysis for MSD

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.29
Price
$9.63
GF Value