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TSLX Sixth Street Specialty Lending Inc

Price (delayed)

$20.77

Market cap

$1.93B

P/E Ratio

8.8

Dividend/share

$2.57

EPS

$2.36

Enterprise value

$3.61B

Sixth Street Specialty Lending, Inc. is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income primarily in U.S.-domiciled middle-market companies through direct ...

Highlights
The gross profit has increased by 27% YoY and by 3.8% from the previous quarter
The revenue has increased by 24% year-on-year and by 3.1% since the previous quarter
The company's net income rose by 13% YoY but it fell by 2.6% QoQ
The debt is up by 6% YoY but it is down by 5% from the previous quarter

Key stats

What are the main financial stats of TSLX
Market
Shares outstanding
93.02M
Market cap
$1.93B
Enterprise value
$3.61B
Valuations
Price to book (P/B)
1.2
Price to sales (P/S)
4.07
EV/EBIT
9.9
EV/EBITDA
9.9
EV/Sales
7.62
Earnings
Revenue
$473.57M
EBIT
$364.54M
EBITDA
$364.54M
Free cash flow
$9.52M
Per share
EPS
$2.36
Free cash flow per share
$0.1
Book value per share
$17.25
Revenue per share
$5.11
TBVPS
$36.52
Balance sheet
Total assets
$3.39B
Total liabilities
$1.79B
Debt
$1.71B
Equity
$1.6B
Working capital
N/A
Liquidity
Debt to equity
1.07
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
4.6
Margins
EBITDA margin
77%
Gross margin
80.5%
Net margin
44.5%
Operating margin
77.5%
Efficiency
Return on assets
6.3%
Return on equity
13.7%
Return on invested capital
7.2%
Return on capital employed
N/A
Return on sales
77%
Dividend
Dividend yield
12.37%
DPS
$2.57
Payout ratio
108.9%

TSLX stock price

How has the Sixth Street Specialty Lending stock price performed over time
Intraday
0.92%
1 week
0.14%
1 month
1.32%
1 year
6.9%
YTD
-3.84%
QTD
1.17%

Financial performance

How have Sixth Street Specialty Lending's revenue and profit performed over time
Revenue
$473.57M
Gross profit
$381.2M
Operating income
$366.93M
Net income
$210.9M
Gross margin
80.5%
Net margin
44.5%
TSLX's operating income is up by 28% year-on-year and by 3.8% since the previous quarter
The gross profit has increased by 27% YoY and by 3.8% from the previous quarter
The revenue has increased by 24% year-on-year and by 3.1% since the previous quarter
The company's net income rose by 13% YoY but it fell by 2.6% QoQ

Growth

What is Sixth Street Specialty Lending's growth rate over time

Valuation

What is Sixth Street Specialty Lending stock price valuation
P/E
8.8
P/B
1.2
P/S
4.07
EV/EBIT
9.9
EV/EBITDA
9.9
EV/Sales
7.62
TSLX's EPS is down by 4.8% since the previous quarter but it is up by 3.1% year-on-year
The P/E is 4.3% below the 5-year quarterly average of 9.2 but 3.5% above the last 4 quarters average of 8.5
The company's equity rose by 9% YoY
The revenue has increased by 24% year-on-year and by 3.1% since the previous quarter
The P/S is 15% less than the 5-year quarterly average of 4.8 and 3.1% less than the last 4 quarters average of 4.2

Efficiency

How efficient is Sixth Street Specialty Lending business performance
The ROIC has grown by 9% YoY
Sixth Street Specialty Lending's return on assets has decreased by 4.5% QoQ
The ROE has contracted by 4.9% from the previous quarter
TSLX's return on sales is down by 2.5% since the previous quarter

Dividends

What is TSLX's dividend history
DPS
$2.57
Dividend yield
12.37%
Payout ratio
108.9%
Recent dividends

Special dividends are included in TTM DPS and yield

Financial health

How did Sixth Street Specialty Lending financials performed over time
The total assets is 89% more than the total liabilities
The total assets has grown by 8% YoY
Sixth Street Specialty Lending's total liabilities has increased by 6% YoY but it has decreased by 4.4% QoQ
The debt is 7% more than the equity
The company's equity rose by 9% YoY
The debt to equity is down by 6% since the previous quarter and by 3.6% year-on-year

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified. Data from and Sharadar.