Valuation
Is the price right?Insufficient data
Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.
Bringing the fundamentals into focus…
NCDL Financial Services
Nuveen Churchill Direct Lending Corp.
$11.91+4.57%
Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026
Basics
- Sector
- Financial Services
- Industry
- Asset Management
- Country
- United States
- Market cap
- 588.2M USD
- Enterprise value
- 1.6B USD
Growth
Is it growing?41/100
Moderate
3/3 inputs reported · High confidence
Since last quarter: No major change
Why
Compare with peers Mixed versus peers:
- ▲ 3-yr revenue
- ▼ EPS growth
- ▼ Revenue growth
Behind the score
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growth-51.8%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.23Sector median: 0.0999 · MAD: 0.27733-year revenue growth48.5%
Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported value33% base weight · Z-score 4.49Sector median: 0.0999 · MAD: 0.0858Revenue growth-31.2%
Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Reported value33% base weight · Z-score -2.62Sector median: 0.0742 · MAD: 0.1477Profitability
Does it earn well?Insufficient data
Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.
Risk
Debt, liquidity, price swingsInsufficient data
Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Nuveen Churchill Direct Lending
- Is Nuveen Churchill Direct Lending getting weaker?
- Its latest SEC filing (Aug 6, 2026) showed no major changes.
- How is Nuveen Churchill Direct Lending valued vs its peers?
- Insufficient data: 1 of 3 inputs reported (at least 2 needed).
- Is Nuveen Churchill Direct Lending growing?
- At about the same pace as its peers. Growth scores 41/100 against 432 financial services peers. 3-year revenue growth 48.5% vs a peer median of 10.0% (stronger than 94% of peers).3-year revenue growth 48.5% vs peers 10.0% (stronger than 94% of peers). Earnings per share growth -51.8% vs a peer median of 10.0% (weaker than 91% of peers).Earnings per share growth -51.8% vs peers 10.0% (weaker than 91% of peers).
- How profitable is Nuveen Churchill Direct Lending?
- Insufficient data: 1 of 3 inputs reported (at least 2 needed).
- How risky is Nuveen Churchill Direct Lending?
- Insufficient data: 1 of 3 inputs reported (at least 2 needed).
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026No major changes
| Previous quarter | Latest quarter | Change | |
|---|---|---|---|
| Net income (12 months) | 59.3M USD | 46.9M USD | −21.0% |
| Debt | 1.1B USD | 1.1B USD | −4.0% |
| Cash | 50.4M USD | 45.8M USD | −9.2% |
| Shares outstanding | 49.4M | 49.4M | 0.0% |
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Asset Management · 43 companiesValuations in Asset Management are near the top of their range since 2016.
- 95% of months since 2016 were valued lower than now.
- 37% of companies are in the most expensive fifth of their own price-to-sales history.
- Over 24 months, company values +10% and earnings +13% (medians): prices and earnings moved broadly together.
- Median price-to-sales is +31% vs the whole market, against a usual +6%.
Financials
Fiscal years from SEC annual filings · change vs the prior year| Key ratios | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | Change |
|---|---|---|---|---|---|---|
| Return on assets (ROA) | — | 1.4% | 4.4% | 5.4% | 3.2% | ▼ 2.2 pts |
| Return on equity (ROE) | 7.3% | 3.3% | 10.2% | 12.0% | 7.5% | ▼ 4.5 pts |
| Debt to equity | — | 1.34× | 1.27× | 1.15× | 1.27× | ▲ 11% |
NCDL price history
Price history is added with the daily price update and will appear after the next one.