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MYI vs NCDL

MYI
BlackRock MuniYield Quality Fund III, Inc.
NEUTRAL
Price
$10.76
Market Cap
$715.2M
Sector
Financial Services
AI Confidence
85%
NCDL
Nuveen Churchill Direct Lending Corp.
BEARISH
Price
$14.63
Market Cap
$722.5M
Sector
Financial Services
AI Confidence
85%

Valuation

P/E Ratio
MYI
28.32
NCDL
11.25
Forward P/E
MYI
--
NCDL
9.05
P/B Ratio
MYI
0.9
NCDL
--
P/S Ratio
MYI
11.6
NCDL
--
EV/EBITDA
MYI
--
NCDL
--

Profitability

Gross Margin
MYI
100.0%
NCDL
0.0%
Operating Margin
MYI
87.71%
NCDL
0.0%
Profit Margin
MYI
40.35%
NCDL
0.0%
ROE
MYI
3.11%
NCDL
--
ROA
MYI
2.49%
NCDL
--

Growth

Revenue Growth
MYI
6.3%
NCDL
--
Earnings Growth
MYI
16541.4%
NCDL
--

Financial Health

Debt/Equity
MYI
0.7
NCDL
--
Current Ratio
MYI
0.07
NCDL
--
Quick Ratio
MYI
0.06
NCDL
--

Dividends

Dividend Yield
MYI
6.19%
NCDL
10.94%
Payout Ratio
MYI
175.26%
NCDL
138.46%

AI Verdict

MYI NEUTRAL

MYI presents as a stable but stagnant closed-end fund, evidenced by a Piotroski F-Score of 5/9 and a Price-to-Book ratio of 0.90, indicating it trades at a 10% discount to its net asset value. While the current price of $10.76 sits comfortably between the Graham Number ($10.09) and Intrinsic Value ($11.21), the fund exhibits a critical sustainability issue with a payout ratio of 175.26%. The extreme earnings growth figures are likely accounting anomalies rather than organic growth. Overall, the fund is a value play for income seekers, but the bearish technical trend and unsustainable distribution profile limit upside potential.

Strengths
Trading at a discount to book value (P/B 0.90)
Stable financial health baseline (Piotroski 5/9)
Strong brand association with BlackRock management
Risks
Unsustainable payout ratio (175.26%) suggesting return of capital
Severely bearish technical trend (0/100)
Low Return on Equity (3.11%)
NCDL BEARISH

NCDL exhibits severe fundamental deterioration, highlighted by a critical Piotroski F-Score of 0/9, indicating weakness across all health dimensions. The company is currently trading at $14.63, a significant premium to its growth-based intrinsic value of $9.10. Most concerning is the unsustainable dividend payout ratio of 138.46%, suggesting the company is returning more capital than it earns. Despite a 'Buy' analyst consensus, the combination of negative YoY EPS growth (-20%) and a bearish technical trend suggests a high-risk profile.

Strengths
High current dividend yield of 10.94%
Low forward P/E ratio of 9.05
Recent short-term price momentum (1M +15%)
Risks
Critical financial health (Piotroski F-Score 0/9)
Unsustainable dividend payout ratio (138.46%)
Significant negative YoY EPS growth (-20%)

Compare Another Pair

MYI vs NCDL: Head-to-Head Comparison

This page compares BlackRock MuniYield Quality Fund III, Inc. (MYI) and Nuveen Churchill Direct Lending Corp. (NCDL) across key fundamental metrics including valuation ratios, profitability margins, growth rates, financial health indicators, and dividend metrics. Each metric highlights the better-performing stock so you can quickly identify relative strengths and weaknesses.

Our AI engine independently analyzes each company's financials, competitive position, and market conditions to produce a verdict (Bullish, Neutral, or Bearish) along with key strengths and risks. Use this comparison alongside your own research to make informed investment decisions.

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