Nuveen Churchill Direct Lending Corp
Research Nuveen Churchill Direct Lending Corp (NCDL) on Bullrun: valuation model: 15.8% undervalued, market cap USD 535.36M, P/E 11.4, dividend yield 15.0%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNCDL
- ExchangeNYSE
- CountryUnited States
- SectorFinancial Services
- IndustryAsset Management
- CurrencyUSD
- Valuation signal15.8% undervalued
- Market capUSD 535.36M
- P/E11.4
- Dividend yield15.0%
- Financial periodQ2 2026
- RevenueUSD 5.67M
- Net incomeUSD 3.59M
- Free cash flowUSD 61.02M
Valuation Snapshot
Bullrun's latest valuation model marks Nuveen Churchill Direct Lending Corp as 15.8% undervalued; latest market cap is USD 535.36M; P/E is 11.4; dividend yield is 15.0%.
Peer valuation comparison
Latest P/E is 11.43x versus a Financial Services sector median of 13.41x (14.8% below).
Latest dividend yield is 14.95% versus a Financial Services sector median of 3.66% (309.0% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 76.61M | USD 65.61M | USD 194.16M | n/a | 1.86 | USD 62.48M | USD 1.11B | USD 875.18M |
| FY2024 | USD 111.42M | USD 116.32M | -USD 297.20M | n/a | 2.26 | USD 43.25M | USD 1.11B | USD 970.32M |
| FY2023 | USD 86.03M | USD 75.94M | -USD 369.53M | n/a | 2.52 | USD 67.40M | USD 951.88M | USD 747.89M |
| FY2022 | USD 23.39M | USD 17.29M | -USD 427.84M | n/a | 1.95 | USD 39.27M | USD 705.45M | USD 524.96M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 535.36M | 11.4 | 14.9% | 1.61 |
| 2025 | 2025-12-31 | USD 658.82M | 10.2 | 14.2% | 1.9 |
| 2024 | 2024-12-31 | USD 895.84M | 7.8 | 12.5% | 2.1 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.61 USD, yield 15.0%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.9 USD |
| FY2024 | 2.1 USD |
| FY2023 | 2 USD |
| FY2022 | 1.81 USD |
About Nuveen Churchill Direct Lending Corp
Nuveen Churchill Direct Lending Corp. (the Company) is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations.
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Frequently asked questions
Is Nuveen Churchill Direct Lending Corp overvalued or undervalued?
Bullrun's valuation model currently marks Nuveen Churchill Direct Lending Corp as 15.8% undervalued.
What is Nuveen Churchill Direct Lending Corp's market cap?
Nuveen Churchill Direct Lending Corp's market capitalization is USD 535.36M.
What is Nuveen Churchill Direct Lending Corp's P/E ratio?
Nuveen Churchill Direct Lending Corp's price-to-earnings (P/E) ratio is 11.4.
Does Nuveen Churchill Direct Lending Corp pay a dividend?
Nuveen Churchill Direct Lending Corp has a dividend yield of 15.0%.
What does Nuveen Churchill Direct Lending Corp do?
Nuveen Churchill Direct Lending Corp. (the Company) is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations. The Company is a closed-end, externally managed, non-diversified management investment company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act).