(MSIF) MSC Income Fund - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 541m USD | Total Return: -14.2% in 12m
Avg Turnover: 3.73M
Qual. Beats: 0
Rev. Trend: 96.8%
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
MSC Income Fund, Inc. (MSIF) is a Business Development Company (BDC) that provides debt and equity capital to middle market and lower middle market firms. The fund targets companies with annual revenues ranging from $10 million to $150 million, supporting activities such as management buyouts, recapitalizations, and growth financings.
As a BDC, the fund is structured to provide financing to private businesses that may lack access to traditional public capital markets. This business model requires the company to distribute at least 90% of its taxable income to shareholders annually to maintain its regulated investment company status and avoid corporate-level taxation.
For a detailed analysis of the funds underlying portfolio performance, consider reviewing the latest metrics on ValueRay. The fund operates within the Asset Management and Custody Banks sub-industry, focusing on senior secured loans and mezzanine debt to generate income for its investors.
- Net investment income sensitivity to fluctuating Federal Reserve benchmark interest rates
- Credit performance and default rates within the lower middle market portfolio
- Management fee structure and expense ratios under the external adviser model
- Strategic deployment of capital into senior secured debt and equity co-investments
- Availability and cost of debt capital through revolving credit facilities
| Net Income: 86.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 5.58 > 1.0 |
| NWC/Revenue: -2.81% < 20% (prev 29.25%; Δ -32.05% < -1%) |
| CFO/TA 0.01 > 3% & CFO 15.9m > Net Income 86.1m |
| Net Debt (633.5m) to EBITDA (38.2m): 16.57 < 3 |
| Current Ratio: 0.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (46.1m) vs 12m ago 3.22% < -2% |
| Gross Margin: 73.35% > 18% (prev 0.70%; Δ 7.26k% > 0.5%) |
| Asset Turnover: 9.40% > 50% (prev 7.10%; Δ 2.31% > 0%) |
| Interest Coverage Ratio: 3.12 > 6 (EBITDA TTM 38.2m / Interest Expense TTM 34.6m) |
| A: -0.00 (Total Current Assets 27.5m - Total Current Liabilities 31.1m) / Total Assets 1.41b |
| B: -0.03 (Retained Earnings -46.5m / Total Assets 1.41b) |
| C: 0.08 (EBIT TTM 107.9m / Avg Total Assets 1.37b) |
| D: -0.07 (Book Value of Equity -46.5m / Total Liabilities 690.4m) |
| Altman-Z'' = 0.34 = B |
As of May 24, 2026, the stock is trading at USD 12.18 with a total of 342,879 shares traded.
Over the past week, the price has changed by -2.16%,
over one month by -4.14%,
over three months by -0.67% and
over the past year by -14.18%.
MSC Income Fund has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold MSIF.
- StrongBuy: 1
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 15.2 | 24.5% |
P/E Forward = 8.1169
P/S = 3.8637
P/B = 0.7518
Revenue TTM = 128.5m USD
EBIT TTM = 107.9m USD
EBITDA TTM = 38.2m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 649.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 633.5m USD (calculated: Debt 649.1m - CCE 15.6m)
Enterprise Value = 1.17b USD (541.0m + Debt 649.1m - CCE 15.6m)
Interest Coverage Ratio = 3.12 (Ebit TTM 107.9m / Interest Expense TTM 34.6m)
EV/FCF = -72.31x (Enterprise Value 1.17b / FCF TTM -16.2m)
FCF Yield = -1.38% (FCF TTM -16.2m / Enterprise Value 1.17b)
FCF Margin = -12.64% (FCF TTM -16.2m / Revenue TTM 128.5m)
Net Margin = 66.99% (Net Income TTM 86.1m / Revenue TTM 128.5m)
Gross Margin = 73.35% ((Revenue TTM 128.5m - Cost of Revenue TTM 34.2m) / Revenue TTM)
Gross Margin QoQ = 73.83% (prev 79.59%)
Tobins Q-Ratio = 0.83 (Enterprise Value 1.17b / Total Assets 1.41b)
Interest Expense / Debt = 5.33% (Interest Expense 34.6m / Debt 649.1m)
Taxrate = 9.19% (1.13m / 12.3m)
NOPAT = 98.0m (EBIT 107.9m * (1 - 9.19%))
Current Ratio = 0.88 (Total Current Assets 27.5m / Total Current Liabilities 31.1m)
Debt / Equity = 0.90 (Debt 649.1m / totalStockholderEquity, last quarter 719.5m)
Debt / EBITDA = 16.57 (Net Debt 633.5m / EBITDA 38.2m)
Debt / FCF = -39.00 (negative FCF - burning cash) (Net Debt 633.5m / FCF TTM -16.2m)
Total Stockholder Equity = 728.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.30% (Net Income 86.1m / Total Assets 1.41b)
RoE = 11.10% (Net Income TTM 86.1m / Total Stockholder Equity 775.3m)
RoCE = 7.83% (EBIT 107.9m / Capital Employed (Total Assets 1.41b - Current Liab 31.1m))
RoIC = 7.19% (NOPAT 98.0m / Invested Capital 1.36b)
WACC = 5.81% (E(541.0m)/V(1.19b) * Re(6.98%) + D(649.1m)/V(1.19b) * Rd(5.33%) * (1-Tc(0.09)))
Discount Rate = 6.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 73.33 | Cagr: 6.37%
[DCF] Fair Price = unknown (Cash Flow -16.2m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.49 | # QB: 0
Revenue Correlation: 96.83 | Revenue CAGR: 27.18% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.36 | Chg30d=-2.80% | Revisions=-25% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.37 | Chg30d=-2.01% | Revisions=-25% | Analysts=5
EPS current Year (2026-12-31): EPS=1.44 | Chg30d=-2.62% | Revisions=-25% | GrowthEPS=+8.1% | GrowthRev=+6.3%
EPS next Year (2027-12-31): EPS=1.50 | Chg30d=-1.39% | Revisions=-14% | GrowthEPS=+4.3% | GrowthRev=+8.8%
[Analyst] Revisions Ratio: -25%