XNYSTSLX
Market cap1.32bUSD
Dec 23, Last price
20.93USD
1D
-0.33%
1Q
2.10%
Jan 2017
12.04%
IPO
30.00%
Name
Sixth Street Specialty Lending Inc
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 | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 438,087 220.96% | 136,492 -39.05% | 223,959 12.91% | |||||||
Cost of revenue | 105,592 | 77,365 | 97,025 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 332,495 | 59,127 | 126,934 | |||||||
NOPBT Margin | 75.90% | 43.32% | 56.68% | |||||||
Operating Taxes | 1,809 | 3,183 | 384 | |||||||
Tax Rate | 0.54% | 5.38% | 0.30% | |||||||
NOPAT | 330,686 | 55,944 | 126,550 | |||||||
Net income | 222,023 105.48% | 108,053 -48.98% | 211,780 18.91% | |||||||
Dividends | (156,421) | (144,731) | (221,941) | |||||||
Dividend yield | 8.51% | 10.40% | 12.21% | |||||||
Proceeds from repurchase of equity | 89,204 | 71,474 | 85,904 | |||||||
BB yield | -4.85% | -5.13% | -4.73% | |||||||
Debt | ||||||||||
Debt current | 856,116 | 99,673 | ||||||||
Long-term debt | 1,441,796 | 1,185,964 | ||||||||
Deferred revenue | 1,495,378 | 1,276,009 | ||||||||
Other long-term liabilities | (1,441,796) | (1,185,964) | ||||||||
Net debt | (3,308,261) | (3,232,830) | (1,237,524) | |||||||
Cash flow | ||||||||||
Cash from operating activities | (236,788) | (224,532) | 2,452 | |||||||
CAPEX | ||||||||||
Cash from investing activities | (995,620) | (1,198,944,000) | ||||||||
Cash from financing activities | 236,337 | 234,212 | 241 | |||||||
FCF | 1,070,856 | (664,230) | 1,116,389 | |||||||
Balance | ||||||||||
Cash | 25,196 | 2,742,817 | 1,568 | |||||||
Long term investments | 3,283,065 | 2,787,925 | 2,521,593 | |||||||
Excess cash | 3,286,357 | 5,523,917 | 2,511,963 | |||||||
Stockholders' equity | 101,661 | 1,529,882 | 1,350,964 | |||||||
Invested Capital | 3,242,147 | 2,132,408 | 1,359,685 | |||||||
ROIC | 12.31% | 3.20% | 7.29% | |||||||
ROCE | 9.94% | 1.61% | 4.84% | |||||||
EV | ||||||||||
Common stock shares outstanding | 85,131 | 78,198 | 77,702 | |||||||
Price | 21.60 21.35% | 17.80 -23.90% | 23.39 12.72% | |||||||
Market cap | 1,838,835 32.11% | 1,391,921 -23.41% | 1,817,456 30.32% | |||||||
EV | (1,469,426) | (368,304) | 1,840,032 | |||||||
EBITDA | 332,495 | 39,740 | (27,689,066) | |||||||
EV/EBITDA | ||||||||||
Interest | 96,395 | 50,663 | 40,405 | |||||||
Interest/NOPBT | 28.99% | 85.69% | 31.83% |