MSIF Stock Analysis: MSC Income Fund | NYSE
Asset Management | NYSE, USA | Market Cap: 564m USD | 12M Return: -0.3% | US55374X2080 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.46M
Qual. Beats: -1
Rev. Trend: 97.6%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 3 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.
MSC Income Fund, Inc. (MSIF) is a Business Development Company (BDC) that focuses on providing debt and debt-and-equity financing to lower middle market companies in the United States. The fund targets management buyouts, recapitalizations, growth financings, refinancings, and acquisitions, generally investing in companies generating between $10 million and $150 million in revenue. Listed on the NYSE as a small-cap stock in the Financials sector, MSIF falls within the Asset Management & Custody Banks sub-industry.
As a BDC, MSC Income Fund operates under a regulated structure designed to channel capital to small and mid-sized private businesses that often lack access to traditional bank or public market financing. This structure typically allows the fund to offer flexible financing solutions-such as first-lien loans, second-lien debt, and mezzanine capital-to support companies through various stages of growth and ownership transitions.
- Fed rate cuts compress floating-rate portfolio yields
- Middle market credit losses pressure NAV and dividends
- Lower middle market deal flow expands investment pipeline
| Net Income: 99.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -1.21 > 1.0 |
| NWC/Revenue: 18.17% < 20% (prev 11.40%; Δ 6.77% < -1%) |
| CFO/TA -0.02 > 3% & CFO -36.1m > Net Income 99.1m |
| Net Debt (633.1m) to EBITDA (62.4m): 10.15 < 3 |
| Current Ratio: 3.00 > 1.5 & < 3 |
| Outstanding Shares: last quarter (45.7m) vs 12m ago -2.80% < -2% |
| Gross Margin: 74.70% > 18% (prev 63.10%; Δ 11.60% > 0.5%) |
| Asset Turnover: 10.66% > 50% (prev 7.73%; Δ 2.93% > 0%) |
| Interest Coverage Ratio: 3.69 > 6 (EBIT TTM 131.9m / Interest Expense TTM 35.8m) |
| A: 0.02 (Total Current Assets 39.8m - Total Current Liabilities 13.3m) / Total Assets 1.44b |
| B: -0.01 (Retained Earnings -17.2m / Total Assets 1.44b) |
| C: 0.10 (EBIT TTM 131.9m / Avg Total Assets 1.37b) |
| D: 1.08 (Book Value of Equity 748.8m / Total Liabilities 695.0m) |
| Altman-Z'' = 1.86 = BBB |
As of August 23, 2026, the stock is trading at USD 12.77 with a total of 184,066 shares traded. Over the past week, the price has changed by +2.65%, over one month by +15.98%, over three months by +6.88% and over the past year by -0.31%.
Current recommended Stop Loss: 11.80 (which is 7.6% or 2.7 ATR below the current price).
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 | 14.4 | 13% |
P/E Trailing = 5.8131
P/E Forward = 8.6957
P/S = 4.0272
P/B = 0.7533
Revenue TTM = 145.9m USD
EBIT TTM = 131.9m USD
EBITDA TTM = 62.4m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 661.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 633.1m USD (calculated: Debt 661.2m - CCE 28.1m)
Enterprise Value = 1.20b USD (564.1m + Debt 661.2m - CCE 28.1m)
Interest Coverage Ratio = 3.69 (Ebit TTM 131.9m / Interest Expense TTM 35.8m)
EV/FCF = -24.66x (Enterprise Value 1.20b / FCF TTM -48.5m)
FCF Yield = -4.05% (FCF TTM -48.5m / Enterprise Value 1.20b)
FCF Margin = -33.28% (FCF TTM -48.5m / Revenue TTM 145.9m)
Net Margin = 67.91% (Net Income TTM 99.1m / Revenue TTM 145.9m)
Gross Margin = 74.70% ((Revenue TTM 145.9m - Cost of Revenue TTM 36.9m) / Revenue TTM)
Gross Margin QoQ = 75.11% (prev 73.83%)
Tobins Q-Ratio = 0.83 (Enterprise Value 1.20b / Total Assets 1.44b)
Interest Expense / Debt = 5.41% (Interest Expense 35.8m / Debt 661.2m)
Taxrate = 5.15% (5.38m / 104.4m)
NOPAT = 125.1m (EBIT 131.9m * (1 - 5.15%))
Current Ratio = 3.00 (Total Current Assets 39.8m / Total Current Liabilities 13.3m)
Debt / Equity = 0.88 (Debt 661.2m / totalStockholderEquity, last quarter 748.8m)
Debt / EBITDA = 10.15 (Net Debt 633.1m / EBITDA 62.4m)
Debt / FCF = -13.04 (negative FCF - burning cash) (Net Debt 633.1m / FCF TTM -48.5m)
Total Stockholder Equity = 735.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.24% (Net Income 99.1m / Total Assets 1.44b)
RoE = 13.47% (Net Income TTM 99.1m / Total Stockholder Equity 735.3m)
RoCE = 9.22% (EBIT 131.9m / Capital Employed (Total Assets 1.44b - Current Liab 13.3m))
RoIC = 8.79% (NOPAT 125.1m / Invested Capital 1.42b)
WACC = 11.26% (E(564.1m)/V(1.23b) * Re(18.43%) + D(661.2m)/V(1.23b) * Rd(5.41%) * (1-Tc(0.05)))
Discount Rate = 18.43% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 84.27 | Cagr: 5.98%
[DCF] Fair Price = unknown (Cash Flow -48.5m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.06 | # QB: -1
Revenue Correlation: 97.61 | Revenue CAGR: 31.83% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.35 | Chg30d=-2.58% | Revisions=+25% | Analysts=7
EPS current Year (2026-12-31): EPS=1.39 | Chg30d=-3.07% | Revisions=+0% | GrowthEPS=+4.6% | GrowthRev=+3.2%
EPS next Year (2027-12-31): EPS=1.47 | Chg30d=-1.07% | Revisions=+40% | GrowthEPS=+5.4% | GrowthRev=+9.8%
[Analyst] Revisions Ratio: +38% (up=4, down=1)