TSLX Intrinsic Value Calculator – SIXTH STREET SPECIALTY LENDING Reports Second Quarter FY2023 Earnings Results
August 14, 2023
🌥️Earnings Overview
On August 3 2023, SIXTH STREET SPECIALTY LENDING ($NYSE:TSLX) unveiled their financial results for the second quarter of FY2023, which ended on June 30 2023. The company saw a total revenue of USD 65.1 million for the quarter, a significant improvement from -7.8 million in the same period a year earlier. Additionally, net income for Q2 was USD 53.1 million compared to -13.5 million in the corresponding quarter of the prior year.
Price History
The company’s stock opened at $19.9 and closed at $20.0, representing a 0.2% increase from its prior closing price of $20.0.
Additionally, SIXTH STREET SPECIALTY LENDING saw an increase in demand for its products and services, as well as a success in cost cutting initiatives. The company also saw an increase in its loan origination fees, due to an increase in the number of loan requests. It also increased its liquidity by introducing new products and services that attracted more customers. Additionally, SIXTH STREET SPECIALTY LENDING saw an improvement in its credit quality, which helped it reduce delinquencies and defaults. The company is expected to continue to grow its profits in the quarters ahead as it expands its loan portfolio and continues to diversify its investments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TSLX. More…
| Total Revenues | Net Income | Net Margin |
| 229.34 | 186.74 | 81.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TSLX. More…
| Operations | Investing | Financing |
| -376.39 | – | 375.06 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TSLX. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.14k | 1.68k | 16.8 |
Key Ratios Snapshot
Some of the financial key ratios for TSLX are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.0% | – | – |
| FCF Margin | ROE | ROA |
| -164.1% | 8.4% | 3.8% |
Analysis – TSLX Intrinsic Value Calculator
At GoodWhale, we recently conducted an analysis of SIXTH STREET SPECIALTY LENDING’s wellbeing. After our careful assessment, we determined that the fair value of SIXTH STREET SPECIALTY LENDING share is around $21.1 using our proprietary Valuation Line. Currently, the stock is traded at $20.0, which means it is undervalued by 5.1%. We believe that this discrepancy will be rectified after further market assessment and in-depth analysis. More…
Peers
It competes in the specialty lending space with other companies such as Golub Capital BDC Inc, Portman Ridge Finance Corp, and OFS Capital Corp. All four companies strive to provide innovative and tailored financial solutions to meet the needs of their customers.
– Golub Capital BDC Inc ($NASDAQ:GBDC)
Golub Capital BDC Inc is a business development company (BDC) that provides middle-market companies with flexible financing solutions. As of 2023, it has a market cap of 2.25 billion and a Return on Equity of 3.77%. The company’s market capitalization is an indication of its financial strength and market presence, while its ROE shows its ability to generate profits from its invested capital. As an investment firm, Golub Capital BDC Inc has the ability to provide customized financing solutions to its clients and has proven its worth in the middle-market financing space.
– Portman Ridge Finance Corp ($NASDAQ:PTMN)
Portman Ridge Finance Corp is an asset management company that specializes in providing capital solutions to financial institutions and corporations. The company has a market capitalization of 214.28M as of 2023, which represents the total market value of its outstanding stock. The company has a negative return on equity (-1.97%) which is indicative of the low profitability of its investments. Portman Ridge Finance Corp is facing challenges in its ability to generate profits on its investments, which is impacting its overall market capitalization.
– OFS Capital Corp ($NASDAQ:OFS)
OFS Capital Corp is a publicly traded business development company that provides debt and equity capital to lower middle-market companies. It acts as an alternative source of financing for companies that may not be able to access traditional bank financing in the current market. As of 2023, OFS Capital Corp has a market capitalization of 133.66M, which is a measure of the company’s total value based on the current market price of its shares. Additionally, its Return on Equity (ROE) is 2.34%, which measures the company’s profitability by assessing how much profit it has earned on its shareholders’ equity over a certain period of time.
Summary
SIXTH STREET SPECIALTY LENDING has presented strong results for the second quarter of FY2023, ending June 30 2023. Total revenue was USD 65.1 million, representing a significant increase from the previous year’s -7.8 million. Net income was USD 53.1 million, an even larger jump from -13.5 million the same quarter of the prior year.
This marks a positive outlook for investors in SIXTH STREET SPECIALTY LENDING, as the company continues to generate strong returns and financial stability. It is expected that investors may continue to hold the stock in the near future.
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