(NMFC) New Mountain Finance - Ratings and Ratios
Debt Securities, Equity Interests, Mezzanine Securities
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 13.42% |
| Yield on Cost 5y | 17.34% |
| Yield CAGR 5y | -14.26% |
| Payout Consistency | 91.8% |
| Payout Ratio | 100.6% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 16.6% |
| Value at Risk 5%th | 27.1% |
| Relative Tail Risk | -0.64% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.55 |
| Alpha | -22.24 |
| CAGR/Max DD | 0.02 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.370 |
| Beta | 0.686 |
| Beta Downside | 0.784 |
| Drawdowns 3y | |
|---|---|
| Max DD | 24.78% |
| Mean DD | 5.73% |
| Median DD | 3.68% |
Description: NMFC New Mountain Finance November 16, 2025
New Mountain Finance Corporation (NASDAQ: NMFC) is a Business Development Company (BDC) that focuses on private-equity-style buyouts and direct lending to middle-market firms operating in “defensive growth” sectors such as energy, specialty chemicals, health-care services, and software.
The fund targets transactions ranging from $10 million to $125 million and prefers companies with EBITDA between $10 million and $200 million, often seeking a majority equity stake. It can invest across the capital structure-first- and second-lien debt, unsecured notes, mezzanine securities, and, in some cases, equity interests.
NMFC invests primarily in U.S. companies and sources deals both through primary originations and open-market secondary purchases. Its sector coverage includes engineering services, commercial printing, education, environmental services, telecommunication, power generation (hydro, fossil, nuclear), and security services.
Key metrics as of the latest filing: total assets under management (AUM) of roughly $2.2 billion, a dividend yield near 9 %, and a net asset value (NAV) per share of $19.45, reflecting a modest premium to NAV of about 5 %-a common BDC pricing pattern. The middle-market M&A environment remains robust, with 2024 Q2 deal volume up 12 % YoY, driven in part by resilient demand in defensive industries despite a tightening credit cycle.
For a deeper quantitative breakdown of NMFC’s portfolio composition and risk metrics, you may find ValueRay’s analytical tools useful.
Piotroski VR‑10 (Strict, 0-10) 2.0
| Net Income (71.1m TTM) > 0 and > 6% of Revenue (6% = 12.1m TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA 0.28pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -74.86% (prev 23.16%; Δ -98.02pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.03 (>3.0%) and CFO 85.9m > Net Income 71.1m (YES >=105%, WARN >=100%) |
| Net Debt (391.3m) to EBITDA (71.8m) ratio: 5.45 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.42 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (125.0m) change vs 12m ago 886.3% (target <= -2.0% for YES) |
| Gross Margin 35.98% (prev 48.44%; Δ -12.46pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 6.20% (prev 7.54%; Δ -1.34pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.51 (EBITDA TTM 71.8m / Interest Expense TTM 129.1m) >= 6 (WARN >= 3) |
Altman Z'' -0.30
| (A) -0.05 = (Total Current Assets 107.9m - Total Current Liabilities 258.8m) / Total Assets 3.09b |
| (B) -0.02 = Retained Earnings (Balance) -73.0m / Total Assets 3.09b |
| (C) 0.02 = EBIT TTM 65.8m / Avg Total Assets 3.25b |
| (D) -0.04 = Book Value of Equity -72.0m / Total Liabilities 1.83b |
| Total Rating: -0.30 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 51.42
| 1. Piotroski 2.0pt |
| 2. FCF Yield 6.31% |
| 3. FCF Margin 42.62% |
| 4. Debt/Equity 0.36 |
| 5. Debt/Ebitda 5.45 |
| 6. ROIC - WACC (= -5.92)% |
| 7. RoE 0.02% |
| 8. Rev. Trend -5.73% |
| 9. EPS Trend 33.16% |
What is the price of NMFC shares?
Over the past week, the price has changed by +5.95%, over one month by -0.93%, over three months by -4.70% and over the past year by -10.73%.
Is NMFC a buy, sell or hold?
- Strong Buy: 3
- Buy: 0
- Hold: 4
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the NMFC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10 | 4.1% |
| Analysts Target Price | 10 | 4.1% |
| ValueRay Target Price | 10.2 | 5.9% |
NMFC Fundamental Data Overview November 26, 2025
P/E Trailing = 14.4769
P/E Forward = 7.2622
P/S = 2.8476
P/B = 0.763
Beta = 0.597
Revenue TTM = 201.6m USD
EBIT TTM = 65.8m USD
EBITDA TTM = 71.8m USD
Long Term Debt = 196.2m USD (estimated: total debt 455.0m - short term 258.8m)
Short Term Debt = 258.8m USD (from shortTermDebt, last quarter)
Debt = 455.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 391.3m USD (from netDebt column, last quarter)
Enterprise Value = 1.36b USD (970.7m + Debt 455.0m - CCE 63.7m)
Interest Coverage Ratio = 0.51 (Ebit TTM 65.8m / Interest Expense TTM 129.1m)
FCF Yield = 6.31% (FCF TTM 85.9m / Enterprise Value 1.36b)
FCF Margin = 42.62% (FCF TTM 85.9m / Revenue TTM 201.6m)
Net Margin = 35.24% (Net Income TTM 71.1m / Revenue TTM 201.6m)
Gross Margin = 35.98% ((Revenue TTM 201.6m - Cost of Revenue TTM 129.1m) / Revenue TTM)
Gross Margin QoQ = 24.28% (prev 20.30%)
Tobins Q-Ratio = 0.44 (Enterprise Value 1.36b / Total Assets 3.09b)
Interest Expense / Debt = 6.97% (Interest Expense 31.7m / Debt 455.0m)
Taxrate = 0.44% (54.0k / 12.4m)
NOPAT = 65.5m (EBIT 65.8m * (1 - 0.44%))
Current Ratio = 0.42 (Total Current Assets 107.9m / Total Current Liabilities 258.8m)
Debt / Equity = 0.36 (Debt 455.0m / totalStockholderEquity, last quarter 1.26b)
Debt / EBITDA = 5.45 (Net Debt 391.3m / EBITDA 71.8m)
Debt / FCF = 4.55 (Net Debt 391.3m / FCF TTM 85.9m)
Total Stockholder Equity = 340.80b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.30% (Net Income 71.1m / Total Assets 3.09b)
RoE = 0.02% (Net Income TTM 71.1m / Total Stockholder Equity 340.80b)
RoCE = 0.02% (EBIT 65.8m / Capital Employed (Equity 340.80b + L.T.Debt 196.2m))
RoIC = 2.11% (NOPAT 65.5m / Invested Capital 3.10b)
WACC = 8.03% (E(970.7m)/V(1.43b) * Re(8.54%) + D(455.0m)/V(1.43b) * Rd(6.97%) * (1-Tc(0.00)))
Discount Rate = 8.54% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 223.7%
[DCF Debug] Terminal Value 76.81% ; FCFE base≈85.7m ; Y1≈87.4m ; Y5≈96.5m
Fair Price DCF = 15.03 (DCF Value 1.55b / Shares Outstanding 103.2m; 5y FCF grow 1.82% → 3.0% )
EPS Correlation: 33.16 | EPS CAGR: 9.21% | SUE: 0.0 | # QB: 0
Revenue Correlation: -5.73 | Revenue CAGR: -13.41% | SUE: -1.26 | # QB: 0
Additional Sources for NMFC Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle