NMFC Stock Analysis: New Mountain Finance | NASDAQ
Asset Management | NASDAQ, USA | Market Cap: 662m USD | 12M Return: -16.6% | US6475511001 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.58M
EPS Trend: -85.9%
Qual. Beats: 0
Rev. Trend: -82.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
New Mountain Finance Corporation (NASDAQ: NMFC) is a Business Development Company (BDC) that invests in and lends to U.S. middle-market companies operating in defensive growth industries. The firm pursues both private equity/buyout transactions and direct lending, deploying capital across the capital structure through first and second lien debt, unsecured notes, mezzanine securities, and equity interests. It invests via primary originations and open-market secondary purchases, targeting companies with EBITDA between $10 million and $200 million, with individual transaction sizes typically ranging from $10 million to $125 million.
As a BDC, NMFC operates under a regulated structure that requires it to distribute the majority of its taxable income to shareholders, making it a common choice for income-oriented investors. The companys investment focus spans a wide range of sectors, including healthcare, business services, software, specialty chemicals, financial services, federal services, distribution and logistics, and energy-related industries. NMFC generally seeks majority stakes in its portfolio companies and concentrates exclusively on U.S.-based investments.
- Net interest margin expands as floating rate yields rise
- Private credit competition compresses new deal spreads
- Non-accruals rise pressuring NAV and dividend coverage
| Net Income: -57.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.27 > 0.02 and ΔFCF/TA 19.37 > 1.0 |
| NWC/Revenue: -23.46% < 20% (prev -63.75%; Δ 40.29% < -1%) |
| CFO/TA 0.26 > 3% & CFO 603.1m > Net Income -57.1m |
| Net Debt (78.1m) to EBITDA (209.1m): 0.37 < 3 |
| Current Ratio: 0.63 > 1.5 & < 3 |
| Outstanding Shares: last quarter (94.5m) vs 12m ago -24.46% < -2% |
| Gross Margin: 74.09% > 18% (prev 59.44%; Δ 14.65% > 0.5%) |
| Asset Turnover: 6.71% > 50% (prev 7.66%; Δ -0.96% > 0%) |
| Interest Coverage Ratio: 0.00 > 6 (EBIT TTM 46.6m / Interest Expense TTM 188b) |
| A: -0.02 (Total Current Assets 73.6m - Total Current Liabilities 116.4m) / Total Assets 2.35b |
| B: 0.08 (Retained Earnings 192.8m / Total Assets 2.35b) |
| C: 0.02 (EBIT TTM 46.6m / Avg Total Assets 2.72b) |
| D: 0.76 (Book Value of Equity 1.01b / Total Liabilities 1.34b) |
| Altman-Z'' = 1.06 = BB |
As of November 09, 2026, the stock is trading at USD 6.91 with a total of 704,278 shares traded. Over the past week, the price has changed by -1.71%, over one month by +1.02%, over three months by -6.43% and over the past year by -16.62%.
Current recommended Stop Loss: 6.60 (which is 4.5% or 1.8 ATR below the current price).
New Mountain Finance has received a consensus analysts rating of 2.86. Therefore, it is recommended to hold NMFC.
- StrongBuy: 0
- Buy: 0
- Hold: 6
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 8.3 | 20% |
P/E Forward = 6.7705
P/S = 2.2974
P/B = 0.6532
P/EG = 1.3404
Revenue TTM = 182.5m USD
EBIT TTM = 46.6m USD
EBITDA TTM = 209.1m USD
Long Term Debt = 3.60m USD (estimated: total debt 120.0m - short term 116.4m)
Short Term Debt = 116.4m USD (from shortTermDebt, last quarter)
Debt = 120.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 78.1m USD (calculated: Debt 120.0m - CCE 41.9m)
Enterprise Value = 740.2m USD (662.1m + Debt 120.0m - CCE 41.9m)
Interest Coverage Ratio = 0.00 (Ebit TTM 46.6m / Interest Expense TTM 188b)
EV/FCF = 1.18x (Enterprise Value 740.2m / FCF TTM 626.8m)
FCF Yield = 84.69% (FCF TTM 626.8m / Enterprise Value 740.2m)
FCF Margin = 343.5% (FCF TTM 626.8m / Revenue TTM 182.5m)
Net Margin = -31.28% (Net Income TTM -57.1m / Revenue TTM 182.5m)
Gross Margin = 74.09% ((Revenue TTM 182.5m - Cost of Revenue TTM 47.3m) / Revenue TTM)
Gross Margin QoQ = 79.49% (prev 22.94%)
Tobins Q-Ratio = 0.31 (Enterprise Value 740.2m / Total Assets 2.35b)
Interest Expense / Debt = 157k% (Interest Expense 188b / Debt 120.0m)
Taxrate = 4.30% (168k / 3.91m)
NOPAT = 44.6m (EBIT 46.6m * (1 - 4.30%))
Current Ratio = 0.63 (Total Current Assets 73.6m / Total Current Liabilities 116.4m)
Debt / Equity = 0.12 (Debt 120.0m / totalStockholderEquity, last quarter 1.01b)
Debt / EBITDA = 0.37 (Net Debt 78.1m / EBITDA 209.1m)
Debt / FCF = 0.12 (Net Debt 78.1m / FCF TTM 626.8m)
Total Stockholder Equity = 1.07b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.10% (Net Income -57.1m / Total Assets 2.35b)
RoE = -5.35% (Net Income TTM -57.1m / Total Stockholder Equity 1.07b)
RoCE = 4.35% (EBIT 46.6m / Capital Employed (Equity 1.07b + L.T.Debt 3.60m))
RoIC = 1.90% (NOPAT 44.6m / Invested Capital 2.34b)
WACC = 6.71% (E(662.1m)/V(782.1m) * Re(7.93%) + (debt cost/tax rate unavailable))
Discount Rate = 7.93% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 63.53 | Cagr: 145.0%
[DCF] Terminal Value 77.97% ; FCFF base≈465.9m ; Y1≈534.1m ; Y5≈786.0m
[DCF] Fair Price = 124.4 (EV 11.8b - Net Debt 78.1m = Equity 11.8b / Shares 94.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -85.87 | EPS CAGR: -43.74% | SUE: 0.0 | # QB: 0
Revenue Correlation: -82.32 | Revenue CAGR: -14.08% | SUE: -0.02 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.26 | Chg30d=+0.00% | Revisions=+17% | Analysts=7
EPS current Year (2026-12-31): EPS=1.09 | Chg30d=+0.00% | Revisions=-40% | GrowthEPS=-3.3% | GrowthRev=-22.7%
EPS next Year (2027-12-31): EPS=1.05 | Chg30d=+0.28% | Revisions=+25% | GrowthEPS=-3.3% | GrowthRev=-2.5%
[Analyst] Revisions Ratio: +0% (up=3, down=3)