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XNYS
TSLX
Market cap1.32bUSD
May 13, Last price  
22.26USD
1D
2.06%
1Q
0.27%
Jan 2017
19.16%
IPO
38.26%
Name

Sixth Street Specialty Lending Inc

Chart & Performance

D1W1MN

Profile

Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. It seeks to finance and lending to middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1 billion or more and EBITDA between $10 million and $250 million. The transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.
IPO date
Mar 21, 2014
Employees
Domiciled in
US
Incorporated in
US

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2024‑122023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
Income
Revenues
252,974
-42.25%
438,087
220.96%
136,492
-39.05%
Cost of revenue
(472,818,081)
105,592
77,365
Unusual Expense (Income)
NOPBT
473,071,055
332,495
59,127
NOPBT Margin
187,003.82%
75.90%
43.32%
Operating Taxes
(2,609,000)
1,809
3,183
Tax Rate
0.54%
5.38%
NOPAT
475,680,055
330,686
55,944
Net income
186,566
-15.97%
222,023
105.48%
108,053
-48.98%
Dividends
(168,720)
(156,421)
(144,731)
Dividend yield
8.61%
8.51%
10.40%
Proceeds from repurchase of equity
93,308
89,204
71,474
BB yield
-4.76%
-4.85%
-5.13%
Debt
Debt current
856,116
Long-term debt
1,441,796
Deferred revenue
1,495,378
Other long-term liabilities
(1,441,796)
Net debt
(30,846,412)
(3,308,261)
(3,232,830)
Cash flow
Cash from operating activities
(45,491)
(236,788)
(224,532)
CAPEX
Cash from investing activities
(995,620)
Cash from financing activities
47,623
236,337
234,212
FCF
445,244,215
1,070,856
(664,230)
Balance
Cash
27,328,000
25,196
2,742,817
Long term investments
3,518,412
3,283,065
2,787,925
Excess cash
30,833,763
3,286,357
5,523,917
Stockholders' equity
943
101,661
1,529,882
Invested Capital
3,582,195,456
3,242,147
2,132,408
ROIC
26.53%
12.31%
3.20%
ROCE
13.21%
9.94%
1.61%
EV
Common stock shares outstanding
92,035
85,131
78,198
Price
21.30
-1.39%
21.60
21.35%
17.80
-23.90%
Market cap
1,960,349
6.61%
1,838,835
32.11%
1,391,921
-23.41%
EV
(28,886,063)
(1,469,426)
(368,304)
EBITDA
473,071,055
332,495
39,740
EV/EBITDA
Interest
106,769
96,395
50,663
Interest/NOPBT
0.02%
28.99%
85.69%