Sixth Street Specialty Lending, Inc. (TSLX)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 235 | 266 | 187 | 370 | 360 | 360 | 345 | 388 |
| Operating profit | $m | 193 | 141 | ||||||
| Net profit | $m | 178 | 212 | 108 | 222 | 187 | 171 | 89 | 165 |
| EPS reported | $ | 1.81 | 0.95 | ||||||
| Operating cashflow per share | $ | 1.90 | 1.64 | ||||||
| Capex per share | $ | 0.00 | 0.00 | ||||||
| FCF per share | $ | 1.90 | 1.64 | ||||||
| Free cash flow | $m | 180 | 156 | ||||||
| Net debt | $m | 1,740 | 1,731 | ||||||
| Book value equity | $m | 1,608 | 1,549 | ||||||
| Book value per share | $ | 16.98 | 16.30 | ||||||
| Number of shares | m | 94.71 | 95.02 | ||||||
| DPS (TTM paid) | $ | 2.05 | 1.80 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 12.00 | 19.06 | ||||||
| P/B LTM | x | 1.28 | 1.33 | ||||||
| P/S LTM | x | 5.71 | 5.97 | ||||||
| P/FCF LTM | x | 11.41 | 13.20 | ||||||
| EV/EBITDA LTM | x | 16.46 | 25.40 | ||||||
| EV/Sales LTM | x | 10.54 | 10.84 | ||||||
| Earnings Yield LTM | % | +8.33% | +5.25% | ||||||
| FCF Yield | % | +8.76% | +7.58% | ||||||
| Quality | |||||||||
| ROE | % | +10.61% | +0.02% | ||||||
| ROIC | % | +5.50% | +3.80% | ||||||
| Operating margin | % | +53.55% | +43.53% | ||||||
| Gross margin | % | +72.84% | +79.61% | ||||||
| FCF/Sales | % | +50.05% | +48.16% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -10.84% | -53.20% | ||||||
| Sales Growth YoY | % | +0.13% | -4.18% | ||||||
| Net Income Growth YoY | % | -8.60% | -52.27% | ||||||
| FCF Growth | % | -3.72% | -16.78% | ||||||
| Operating Profit Growth | % | -0.12% | -27.07% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +8.28% | +10.12% | ||||||
| Dividend Growth | % | -1.91% | -13.88% | ||||||
| Payout Ratio | % | +99.36% | +175.27% | ||||||
| FCF/Debt | x | 0.10 | 0.08 | ||||||
| Net Debt/EBITDA | x | 7.54 | 11.58 | ||||||
| EBIT/Net interest | x | 1.83 | 1.80 | ||||||
| Net debt/market cap | % | +84.75% | +1.08% | ||||||
| Net debt/Equity | x | 1.08 | 1.12 | ||||||
| Gross debt/equity | x | 1.08 | 1.24 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Sixth Street Specialty Lending, Inc. (TSLX) functions as a specialized Business Development Company. It provides a wide array of financing solutions, including various forms of debt such as senior secured loans (encompassing first-lien, second-lien, and unitranche facilities), unsecured loans, and mezzanine debt. The firm also strategically allocates capital to corporate bonds, equity securities, structured products, non-control structured equity, and common equity, frequently engaging in co-investments. These financial commitments primarily aim to facilitate corporate endeavors like organic expansion, strategic acquisitions, market or product diversification, restructuring initiatives, recapitalizations, and refinancing. Its investment focus covers a broad range of sectors, including business services, software and technology, healthcare, energy, consumer and retail, manufacturing, industrials, royalty-generating enterprises, education, and specialty finance. The company primarily targets middle-market companies, with a strong emphasis on those situated within the United States. Prospective portfolio companies typically exhibit an enterprise value between $50 million and more than $1 billion, alongside EBITDA figures ranging from $10 million to $250 million. Individual transaction sizes generally range from $15 million to $350 million. Sixth Street Specialty Lending is adept at investing across the entire capital structure, possesses the capacity to arrange syndicated transactions totaling up to $500 million, and can maintain significant ownership stakes within its credit exposures.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Sixth Street Specialty Lending, Inc. (TSLX)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Sixth Street Specialty Lending, Inc. (TSLX) functions as a specialized Business Development Company. It provides a wide array of financing solutions, including various forms of debt such as senior secured loans (encompassing first-lien, second-lien, and unitranche facilities), unsecured loans, and mezzanine debt. The firm also strategically allocates capital to corporate bonds, equity securities, structured products, non-control structured equity, and common equity, frequently engaging in co-investments. These financial commitments primarily aim to facilitate corporate endeavors like organic expansion, strategic acquisitions, market or product diversification, restructuring initiatives, recapitalizations, and refinancing. Its investment focus covers a broad range of sectors, including business services, software and technology, healthcare, energy, consumer and retail, manufacturing, industrials, royalty-generating enterprises, education, and specialty finance. The company primarily targets middle-market companies, with a strong emphasis on those situated within the United States. Prospective portfolio companies typically exhibit an enterprise value between $50 million and more than $1 billion, alongside EBITDA figures ranging from $10 million to $250 million. Individual transaction sizes generally range from $15 million to $350 million. Sixth Street Specialty Lending is adept at investing across the entire capital structure, possesses the capacity to arrange syndicated transactions totaling up to $500 million, and can maintain significant ownership stakes within its credit exposures.
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