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Nuveen Churchill Direct Lending Corp.

NCDL

$11.90 ▼ -0.27 (-2.22%) at close

7 Visible periods

19 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Bearish

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Analytical Summary

Nuveen Churchill Direct Lending Corp. faces fundamental challenges with weakness in Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $598.4M

Dividend Yield —

Revenue Growth —

Op. Margin —

ROIC —

FCF / Share $3.86 ↗

Trailing P/E 6.4x

Price / Book 0.7x

FCF Yield 32.5%

Debt / Equity 1.27

info Valuation on last close. End-of-day price, Nov 5, 2026.

7-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$65.61M

↓ -43.6% —

FCF / Share Free cash flow per share

$3.86

↑ +170.3% —

Long-Term Debt Long-term obligations

$1.11B

— -0.1% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Returns →

Financial Health ↓

Cash Quality

Dividend History

Dividend / share · sourced from SEC filings

$0.50 Latest / share

+6.4% YoY

+31.0% 5-yr CAGR

$0.17

FY 2019

$0.28

FY 2020

$0.38

FY 2021

$0.47

FY 2022

$0.50

FY 2023

FY 2024

FY 2025

Financial view

Statement lens

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Cadence

Annual Quarterly

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Apr 16, 2020 10-K ↗
EPS Growth YoY (%)	-17.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-10.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	29.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	23.4% Good Good Year-over-year change in earnings per share Optimal: > 10%	—	—	—
Net Income Growth YoY (%)	-43.6% Weak ↓ Weak Declining Year-over-year change in net income	53.2% Excellent ↓ Excellent Declining Year-over-year change in net income	339.3% Excellent Excellent Year-over-year change in net income	-36.6% Weak Weak Year-over-year change in net income	—	—	—
FCF Growth YoY (%)	N/M	-49515.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	39.8% Excellent Excellent Year-over-year change in free cash flow	39.3% Excellent Excellent Year-over-year change in free cash flow	—	—	—
EPS CAGR 3Y (%)	-1.6% Weak Weak Compound annual EPS growth over 3 years	12.7% Good Good Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Apr 16, 2020 10-K ↗
FCF / Net Income (x)	2.96x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-2.55x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-4.87x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-24.75x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-14.27x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—

🎯 Is capital allocation efficient? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Apr 16, 2020 10-K ↗
Return on Common Equity (%) (%)	7.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15%	12.0% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15%	10.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15%	3.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15%	7.3% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15%	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Apr 16, 2020 10-K ↗
Debt to Equity (x)	1.27x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.15x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x	1.27x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	1.34x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	—	—	—
Net Debt (USD)	$1.11B	$1.07B	$884.48M	$666.18M	$-35.19M	—	—

📊 What does each share earn? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Apr 16, 2020 10-K ↗
Basic EPS, GAAP (USD)	$1.86	$2.26	$2.52	$1.95	$1.58	—	—
Free Cash Flow per Share (USD)	$3.86	$-5.49	$-0.01	$-0.02	$-0.03	—	—
Dividend per Share (USD)	—	—	$0.50	$0.47	$0.38	$0.28	$0.17
Book Value per Share (USD)	$17.72	$18.18	$18.13	$18.32	$19.39	$18.74	$20.00
Tangible Book Value per Share (USD)	$17.72	$18.18	$18.13	$18.32	$19.39	$18.74	$20.00
Basic Weighted Avg Shares (shares)	50.29M	54.12M	33.39B	23.28B	12.85B	—	—
Dividend Payout Ratio (%)	—	—	19.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	24.1% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	24.1% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Apr 16, 2020 10-K ↗
LT Debt (USD)	$1.11B	$1.11B	$951.88M	$705.45M	—	—	—
Total Equity (USD)	$875.18M	$970.32M	$747.88M	$524.96M	$374.05M	$157.64M	$66.21M

📋 What is driving earnings? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Apr 16, 2020 10-K ↗
Net Income, GAAP (USD)	$65.61M	$116.32M	$75.94M	$17.29M	$27.27M	—	—
Operating Cash Flow (USD)	$194.16M	$-297.20M	$-369.52M	$-427.84M	$-389.12M	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 5 days ago 7 years · 28 quarters

Nuveen Churchill Direct Lending Corp.

Analytical Summary

7-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

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