(MSIF) MSC Income Fund - Overview
Exchange: US •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: (N/A)
Stock: Debt, Equity, Middle-Market, Buyouts, Recapitalizations
Total Rating 36
Risk 84
Buy Signal -0.54
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 9.86% |
| Yield on Cost 5y | 42.48% |
| Yield CAGR 5y | 43.43% |
| Payout Consistency | 88.5% |
| Payout Ratio | 133.3% |
| Risk 5d forecast | |
|---|---|
| Volatility | 43.7% |
| Relative Tail Risk | -9.69% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.49 |
| Alpha | -26.03 |
| Character TTM | |
|---|---|
| Beta | 0.688 |
| Beta Downside | 0.764 |
| Drawdowns 3y | |
|---|---|
| Max DD | 30.63% |
| CAGR/Max DD | 8.26 |
Description: MSIF MSC Income Fund January 25, 2026
MSC Income Fund, Inc. (NASDAQ: MSIF) is a Business Development Company (BDC) that targets middle-market debt and hybrid debt-equity placements in lower-middle-market firms (revenues $10 M–$150 M). Its strategy focuses on management buyouts, recapitalizations, growth financings, refinancings and acquisition funding.
As of the latest filing (Q4 2025), the fund reported a net asset value (NAV) of $10.52 per share, a market price of $9.85, and a dividend yield of ≈ 8.6 % (monthly distributions). Total assets under management stand at roughly $515 million, with an expense ratio of 1.48 %. The BDC’s performance is closely tied to the U.S. credit-spread environment and middle-market M&A activity, both of which have been pressured by the Federal Reserve’s policy rate remaining above 5 % and a modest slowdown in private-equity deal flow.
For a deeper quantitative assessment, you might explore the fund’s metrics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 79.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.83 > 1.0 |
| NWC/Revenue: 0.19% < 20% (prev 32.38%; Δ -32.19% < -1%) |
| CFO/TA 0.01 > 3% & CFO 18.7m > Net Income 79.2m |
| Net Debt (510.6m) to EBITDA (48.1m): 10.61 < 3 |
| Current Ratio: 1.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (47.3m) vs 12m ago 17.76% < -2% |
| Gross Margin: 76.69% > 18% (prev 0.87%; Δ 7582 % > 0.5%) |
| Asset Turnover: 9.00% > 50% (prev 6.48%; Δ 2.52% > 0%) |
| Interest Coverage Ratio: 2.10 > 6 (EBITDA TTM 48.1m / Interest Expense TTM 35.1m) |
Altman Z'' 0.15
| A: 0.00 (Total Current Assets 34.5m - Total Current Liabilities 34.3m) / Total Assets 1.30b |
| B: -0.04 (Retained Earnings -56.9m / Total Assets 1.30b) |
| C: 0.06 (EBIT TTM 73.8m / Avg Total Assets 1.26b) |
| D: -0.10 (Book Value of Equity -56.8m / Total Liabilities 563.7m) |
| Altman-Z'' Score: 0.15 = B |
What is the price of MSIF shares?
As of February 08, 2026, the stock is trading at USD 13.10 with a total of 443,810 shares traded.
Over the past week, the price has changed by -1.06%, over one month by -1.21%, over three months by +12.57% and over the past year by -14.39%.
Over the past week, the price has changed by -1.06%, over one month by -1.21%, over three months by +12.57% and over the past year by -14.39%.
Is MSIF a buy, sell or hold?
MSC Income Fund has received a consensus analysts rating of 3.50.
Therefor, it is recommend to hold MSIF.
- StrongBuy: 1
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the MSIF price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 15.8 | 20.6% |
| Analysts Target Price | 15.8 | 20.6% |
| ValueRay Target Price | 14.3 | 9.5% |
MSIF Fundamental Data Overview February 03, 2026
P/E Trailing = 7.6977
P/E Forward = 9.0992
P/S = 4.5617
P/B = 0.8732
Revenue TTM = 113.6m USD
EBIT TTM = 73.8m USD
EBITDA TTM = 48.1m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 528.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 510.6m USD (from netDebt column, last quarter)
Enterprise Value = 1.14b USD (628.1m + Debt 528.7m - CCE 18.1m)
Interest Coverage Ratio = 2.10 (Ebit TTM 73.8m / Interest Expense TTM 35.1m)
EV/FCF = 61.03x (Enterprise Value 1.14b / FCF TTM 18.7m)
FCF Yield = 1.64% (FCF TTM 18.7m / Enterprise Value 1.14b)
FCF Margin = 16.42% (FCF TTM 18.7m / Revenue TTM 113.6m)
Net Margin = 69.66% (Net Income TTM 79.2m / Revenue TTM 113.6m)
Gross Margin = 76.69% ((Revenue TTM 113.6m - Cost of Revenue TTM 26.5m) / Revenue TTM)
Gross Margin QoQ = none% (prev 69.21%)
Tobins Q-Ratio = 0.88 (Enterprise Value 1.14b / Total Assets 1.30b)
Interest Expense / Debt = 1.64% (Interest Expense 8.65m / Debt 528.7m)
Taxrate = 5.87% (1.65m / 28.2m)
NOPAT = 69.5m (EBIT 73.8m * (1 - 5.87%))
Current Ratio = 1.01 (Total Current Assets 34.5m / Total Current Liabilities 34.3m)
Debt / Equity = 0.72 (Debt 528.7m / totalStockholderEquity, last quarter 734.4m)
Debt / EBITDA = 10.61 (Net Debt 510.6m / EBITDA 48.1m)
Debt / FCF = 27.37 (Net Debt 510.6m / FCF TTM 18.7m)
Total Stockholder Equity = 700.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.27% (Net Income 79.2m / Total Assets 1.30b)
RoE = 11.30% (Net Income TTM 79.2m / Total Stockholder Equity 700.2m)
RoCE = 5.84% (EBIT 73.8m / Capital Employed (Total Assets 1.30b - Current Liab 34.3m))
RoIC = 5.55% (NOPAT 69.5m / Invested Capital 1.25b)
WACC = 5.29% (E(628.1m)/V(1.16b) * Re(8.45%) + D(528.7m)/V(1.16b) * Rd(1.64%) * (1-Tc(0.06)))
Discount Rate = 8.45% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 8.57%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈22.3m ; Y1≈14.7m ; Y5≈6.69m
Fair Price DCF = N/A (negative equity: EV 213.3m - Net Debt 510.6m = -297.3m; debt exceeds intrinsic value)
EPS Correlation: -25.82 | EPS CAGR: 0.0% | SUE: N/A | # QB: 0
Revenue Correlation: 50.17 | Revenue CAGR: 12.02% | SUE: N/A | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.36 | Chg30d=-0.001 | Revisions Net=-1 | Analysts=5
EPS next Year (2026-12-31): EPS=1.47 | Chg30d=-0.006 | Revisions Net=-1 | Growth EPS=+2.9% | Growth Revenue=+11.5%
P/E Forward = 9.0992
P/S = 4.5617
P/B = 0.8732
Revenue TTM = 113.6m USD
EBIT TTM = 73.8m USD
EBITDA TTM = 48.1m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 528.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 510.6m USD (from netDebt column, last quarter)
Enterprise Value = 1.14b USD (628.1m + Debt 528.7m - CCE 18.1m)
Interest Coverage Ratio = 2.10 (Ebit TTM 73.8m / Interest Expense TTM 35.1m)
EV/FCF = 61.03x (Enterprise Value 1.14b / FCF TTM 18.7m)
FCF Yield = 1.64% (FCF TTM 18.7m / Enterprise Value 1.14b)
FCF Margin = 16.42% (FCF TTM 18.7m / Revenue TTM 113.6m)
Net Margin = 69.66% (Net Income TTM 79.2m / Revenue TTM 113.6m)
Gross Margin = 76.69% ((Revenue TTM 113.6m - Cost of Revenue TTM 26.5m) / Revenue TTM)
Gross Margin QoQ = none% (prev 69.21%)
Tobins Q-Ratio = 0.88 (Enterprise Value 1.14b / Total Assets 1.30b)
Interest Expense / Debt = 1.64% (Interest Expense 8.65m / Debt 528.7m)
Taxrate = 5.87% (1.65m / 28.2m)
NOPAT = 69.5m (EBIT 73.8m * (1 - 5.87%))
Current Ratio = 1.01 (Total Current Assets 34.5m / Total Current Liabilities 34.3m)
Debt / Equity = 0.72 (Debt 528.7m / totalStockholderEquity, last quarter 734.4m)
Debt / EBITDA = 10.61 (Net Debt 510.6m / EBITDA 48.1m)
Debt / FCF = 27.37 (Net Debt 510.6m / FCF TTM 18.7m)
Total Stockholder Equity = 700.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.27% (Net Income 79.2m / Total Assets 1.30b)
RoE = 11.30% (Net Income TTM 79.2m / Total Stockholder Equity 700.2m)
RoCE = 5.84% (EBIT 73.8m / Capital Employed (Total Assets 1.30b - Current Liab 34.3m))
RoIC = 5.55% (NOPAT 69.5m / Invested Capital 1.25b)
WACC = 5.29% (E(628.1m)/V(1.16b) * Re(8.45%) + D(528.7m)/V(1.16b) * Rd(1.64%) * (1-Tc(0.06)))
Discount Rate = 8.45% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 8.57%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈22.3m ; Y1≈14.7m ; Y5≈6.69m
Fair Price DCF = N/A (negative equity: EV 213.3m - Net Debt 510.6m = -297.3m; debt exceeds intrinsic value)
EPS Correlation: -25.82 | EPS CAGR: 0.0% | SUE: N/A | # QB: 0
Revenue Correlation: 50.17 | Revenue CAGR: 12.02% | SUE: N/A | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.36 | Chg30d=-0.001 | Revisions Net=-1 | Analysts=5
EPS next Year (2026-12-31): EPS=1.47 | Chg30d=-0.006 | Revisions Net=-1 | Growth EPS=+2.9% | Growth Revenue=+11.5%