(NMFC) New Mountain Finance - Overview

Sector: Financial Services | Industry: Asset Management | Exchange: NASDAQ (USA) | Market Cap: 815m USD | Total Return: -1.3% in 12m

Private Equity, Buyouts, Middle-Market Lending, Senior Debt, Mezzanine
Total Rating 30
Safety 63
Buy Signal -0.26
Asset Management
Industry Rotation: -1.5
Market Cap: 815M
Avg Turnover: 8.93M USD
ATR: 2.77%
Peers RS (IBD): 32.5
Risk 5d forecast
Volatility18.7%
Rel. Tail Risk-0.01%
Reward TTM
Sharpe Ratio-0.38
Alpha-24.81
Character TTM
Beta0.626
Beta Downside0.842
Drawdowns 3y
Max DD27.77%
CAGR/Max DD-0.05
EPS (Earnings per Share) EPS (Earnings per Share) of NMFC over the last years for every Quarter: "2021-03": 0.3, "2021-06": 0.23, "2021-09": 0.27, "2021-12": 0.23, "2022-03": 0.26, "2022-06": 0.32, "2022-09": 0.3, "2022-12": 0.35, "2023-03": 0.31, "2023-06": 0.39, "2023-09": 0.38, "2023-12": 0.4, "2024-03": 0.36, "2024-06": 0.36, "2024-09": 0.28, "2024-12": 0.3124, "2025-03": 0.32, "2025-06": 0.32, "2025-09": 0.32, "2025-12": 0.2954,
EPS CAGR: 3.46%
EPS Trend: -0.3%
Last SUE: -0.89
Qual. Beats: 0
Revenue Revenue of NMFC over the last years for every Quarter: 2021-03: 57.212, 2021-06: 66.741, 2021-09: 91.482, 2021-12: 51.66, 2022-03: 88.135, 2022-06: 89.628, 2022-09: 78.227, 2022-12: 91.343, 2023-03: 92.618, 2023-06: 98.058, 2023-09: 99.022, 2023-12: 52.284, 2024-03: 78.729, 2024-06: 63.422, 2024-09: 94.796, 2024-12: 92.887, 2025-03: 123.488, 2025-06: 96.879, 2025-09: 80.538, 2025-12: 69.337,
Rev. CAGR: -6.20%
Rev. Trend: -4.1%
Last SUE: 1.59
Qual. Beats: 1

Warnings

Share dilution 865.2% YoY - potential capital distress

Tailwinds

No distinct edge detected

Description: NMFC New Mountain Finance

New Mountain Finance Corporation (NASDAQ: NMFC) is a business-development company 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 enterprise software. The fund typically invests $10 million-$125 million per transaction, targeting companies with EBITDA of $10 million-$200 million, and often seeks a majority equity stake while also holding first- and second-lien debt, unsecured notes, and mezzanine securities.

As of the latest filing (Q4 2025), NMFC reported a net asset value (NAV) of $14.12 per share, a dividend yield of roughly 7.5%, and a leverage ratio of 1.5×, reflecting a balance between income generation and risk management. The BDC sector has benefited from a modest rise in interest rates, which enhances spread income on its loan portfolio, while the firm’s exposure to renewable-energy assets aligns with the broader $150 billion U.S. investment pipeline in clean-power infrastructure.

For deeper insight, consider reviewing ValueRay’s analytical tools.

Headlines to Watch Out For
  • Middle market loan demand impacts investment volume
  • Interest rate fluctuations affect net investment income
  • Credit quality of portfolio companies drives returns
  • Regulatory changes for BDCs create compliance costs
  • Economic slowdowns reduce portfolio company performance
Piotroski VR‑10 (Strict) 2.0
Net Income: 16.5m TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA 7.37 > 1.0
NWC/Revenue: -25.42% < 20% (prev -41.7k%; Δ 41.6k% < -1%)
CFO/TA 0.03 > 3% & CFO 76.4m > Net Income 16.5m
Net Debt (1.59b) to EBITDA (130.0m): 12.23 < 3
Current Ratio: 0.57 > 1.5 & < 3
Outstanding Shares: last quarter (121.1m) vs 12m ago 865.2% < -2%
Gross Margin: 75.96% > 18% (prev 0.59%; Δ 7.54k% > 0.5%)
Asset Turnover: 0.02% > 50% (prev 0.01%; Δ 0.01% > 0%)
Interest Coverage Ratio: 0.00 > 6 (EBITDA TTM 130.0m / Interest Expense TTM 187.99b)
Altman Z'' -0.07
A: -0.03 (Total Current Assets 123.8m - Total Current Liabilities 217.9m) / Total Assets 2.90b
B: 0.07 (Retained Earnings 192.6m / Total Assets 2.90b)
C: 0.00 (EBIT TTM 68.9m / Avg Total Assets 1624.80b)
D: -0.07 (Book Value of Equity -120.6m / Total Liabilities 1.71b)
Altman-Z'' Score: -0.07 = B
What is the price of NMFC shares? As of April 11, 2026, the stock is trading at USD 7.99 with a total of 1,167,910 shares traded.
Over the past week, the price has changed by -1.11%, over one month by +4.03%, over three months by -8.93% and over the past year by -1.33%.
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.
  • StrongBuy: 3
  • Buy: 0
  • Hold: 4
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the NMFC price?
Analysts Target Price 8.5 6.4%
New Mountain Finance (NMFC) - Fundamental Data Overview as of 08 April 2026
P/E Trailing = 50.5
P/E Forward = 6.9686
P/S = 2.4902
P/B = 0.662
P/EG = 1.3404
Revenue TTM = 370.2m USD
EBIT TTM = 68.9m USD
EBITDA TTM = 130.0m USD
Long Term Debt = 1.45b USD (estimated: total debt 1.67b - short term 217.9m)
Short Term Debt = 217.9m USD (from shortTermDebt, last quarter)
Debt = 1.67b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.59b USD (from netDebt column, last quarter)
Enterprise Value = 2.40b USD (814.5m + Debt 1.67b - CCE 80.7m)
Interest Coverage Ratio = 0.00 (Ebit TTM 68.9m / Interest Expense TTM 187.99b)
EV/FCF = 11.24x (Enterprise Value 2.40b / FCF TTM 214.0m)
FCF Yield = 8.90% (FCF TTM 214.0m / Enterprise Value 2.40b)
FCF Margin = 57.80% (FCF TTM 214.0m / Revenue TTM 370.2m)
Net Margin = 4.45% (Net Income TTM 16.5m / Revenue TTM 370.2m)
Gross Margin = 75.96% ((Revenue TTM 370.2m - Cost of Revenue TTM 89.0m) / Revenue TTM)
Gross Margin QoQ = 81.04% (prev 83.44%)
Tobins Q-Ratio = 0.83 (Enterprise Value 2.40b / Total Assets 2.90b)
 Interest Expense / Debt = 11.2k% (Interest Expense 187.90b / Debt 1.67b)
 Taxrate = 2.47% (430k / 17.4m)
NOPAT = 67.2m (EBIT 68.9m * (1 - 2.47%))
Current Ratio = 0.57 (Total Current Assets 123.8m / Total Current Liabilities 217.9m)
Debt / Equity = 1.41 (Debt 1.67b / totalStockholderEquity, last quarter 1.18b)
Debt / EBITDA = 12.23 (Net Debt 1.59b / EBITDA 130.0m)
Debt / FCF = 7.43 (Net Debt 1.59b / FCF TTM 214.0m)
Total Stockholder Equity = 1.27b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.00% (Net Income 16.5m / Total Assets 2.90b)
RoE = 1.29% (Net Income TTM 16.5m / Total Stockholder Equity 1.27b)
RoCE = 2.53% (EBIT 68.9m / Capital Employed (Equity 1.27b + L.T.Debt 1.45b))
RoIC = 2.22% (NOPAT 67.2m / Invested Capital 3.02b)
WACC = 2.68% (E(814.5m)/V(2.49b) * Re(8.18%) + (debt cost/tax rate unavailable))
Discount Rate = 8.18% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 218.6%
[DCF] Terminal Value 86.54% ; FCFF base≈159.5m ; Y1≈162.7m ; Y5≈179.7m
[DCF] Fair Price = 37.93 (EV 5.33b - Net Debt 1.59b = Equity 3.74b / Shares 98.5m; r=6.0% [WACC]; 5y FCF grow 1.82% → 3.0% )
EPS Correlation: -0.30 | EPS CAGR: 3.46% | SUE: -0.89 | # QB: 0
Revenue Correlation: -4.07 | Revenue CAGR: -6.20% | SUE: 1.59 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.26 | Chg7d=-0.029 | Chg30d=-0.061 | Revisions Net=-7 | Analysts=7
EPS current Year (2026-12-31): EPS=1.11 | Chg7d=-0.001 | Chg30d=-0.160 | Revisions Net=-7 | Growth EPS=-1.6% | Growth Revenue=-22.1%
EPS next Year (2027-12-31): EPS=1.06 | Chg7d=+0.015 | Chg30d=+0.060 | Revisions Net=+2 | Growth EPS=-3.9% | Growth Revenue=-1.2%
[Analyst] Revisions Ratio: -1.00 (0 Up / 7 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 6.2% (Discount Rate 8.2% - Earnings Yield 2.0%)
[Growth] Growth Spread = -32.0% (Analyst -25.8% - Implied 6.2%)
External Resources
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