Overview Dividends

(NMFC) New Mountain Finance - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6475511001

Debt Securities, Equity Interests, Mezzanine Securities

Asset Management & Custody Banks
Market Cap in USD: 929m

IPO / Inception: 2011-05-20
Return 12m vs S&P 500: -20.0%

EPS (Earnings per Share)

EPS CAGR: 9.21%
EPS Trend: 33.2%

Last SUE: 0.00
Qual. Beats: 0

Revenue

Rev. CAGR: 12.57%
Rev. Trend: 29.8%

Last SUE: -0.12
Qual. Beats: 0

Dividends

Dividend Yield	13.96%
Yield on Cost 5y	19.31%
Yield CAGR 5y	0.80%
Payout Consistency	94.5%
Payout Ratio	100.6%

Risk via 5d forecast
Volatility	15.4%
Value at Risk 5%th	25.5%
Relative Tail Risk	0.61%

Reward TTM
Sharpe Ratio	-0.40
Alpha	-20.05
CAGR/Max DD	0.08

Character TTM
Hurst Exponent	0.542
Beta	0.681
Beta Downside	0.808

Drawdowns 3y
Max DD	21.97%
Mean DD	4.72%
Median DD	3.14%

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) 3.0

Net Income (71.1m TTM) > 0 and > 6% of Revenue (6% = 23.6m TTM)

FCFTA 0.03 (>2.0%) and ΔFCFTA 0.28pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -38.33% (prev 20.60%; Δ -58.93pp) (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 67.22% (prev 54.14%; Δ 13.09pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 12.11% (prev 8.47%; Δ 3.64pp) >=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

(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) 53.16

1. Piotroski 3.0pt

2. FCF Yield 6.51%

3. FCF Margin 21.82%

4. Debt/Equity 0.36

5. Debt/Ebitda 5.45

6. ROIC - WACC (= -5.90)%

7. RoE 0.02%

8. Rev. Trend 29.76%

9. EPS Trend 33.16%

What is the price of NMFC shares?

As of December 27, 2025, the stock is trading at USD 9.17 with a total of 507,096 shares traded.
Over the past week, the price has changed by +1.78%, over one month by -1.28%, over three months by -2.40% and over the past year by -7.08%.

Is NMFC a buy, sell or hold?

New Mountain Finance has received a consensus analysts rating of 3.86. Therefore, it is recommended to buy NMFC.

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	9.1%
Analysts Target Price	10	9.1%
ValueRay Target Price	10.5	14.3%

NMFC Fundamental Data Overview December 21, 2025

Market Cap USD = 929.4m (929.4m USD * 1.0 USD.USD)
P/E Trailing = 13.8615
P/E Forward = 7.1174
P/S = 2.7266
P/B = 0.7478
Beta = 0.596
Revenue TTM = 393.8m 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 = 1.32b USD (929.4m + Debt 455.0m - CCE 63.7m)
Interest Coverage Ratio = 0.51 (Ebit TTM 65.8m / Interest Expense TTM 129.1m)
FCF Yield = 6.51% (FCF TTM 85.9m / Enterprise Value 1.32b)
FCF Margin = 21.82% (FCF TTM 85.9m / Revenue TTM 393.8m)
Net Margin = 18.04% (Net Income TTM 71.1m / Revenue TTM 393.8m)
Gross Margin = 67.22% ((Revenue TTM 393.8m - Cost of Revenue TTM 129.1m) / Revenue TTM)
Gross Margin QoQ = 60.61% (prev 67.86%)
Tobins Q-Ratio = 0.43 (Enterprise Value 1.32b / 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 = 8.01% (E(929.4m)/V(1.38b) * Re(8.53%) + D(455.0m)/V(1.38b) * Rd(6.97%) * (1-Tc(0.00)))
Discount Rate = 8.53% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 223.7%
[DCF Debug] Terminal Value 76.84% ; FCFE base≈85.7m ; Y1≈87.4m ; Y5≈96.5m
Fair Price DCF = 15.06 (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: 29.76 | Revenue CAGR: 12.57% | SUE: -0.12 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.32 | Chg30d=+0.002 | Revisions Net=+0 | Analysts=7
EPS next Year (2026-12-31): EPS=1.27 | Chg30d=+0.003 | Revisions Net=+1 | Growth EPS=-0.8% | Growth Revenue=-8.0%

Additional Sources for NMFC Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle