Financials Sixth Street Specialty Lending, Inc.

Equities

TSLX

US83012A1097

Closed End Funds

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
21.68 USD +2.60% Intraday chart for Sixth Street Specialty Lending, Inc. +3.68% +0.37%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 1,427 1,403 1,710 1,442 1,891 1,991 -
Enterprise Value (EV) 1 2,508 2,500 2,880 2,858 3,646 3,697 3,686
P/E ratio 9.18 x 7.83 x 8.38 x 12.9 x 8.28 x 9.26 x 9.51 x
Yield 8.43% 11.1% 15.3% 10.3% 8.52% 9.61% 9.47%
Capitalization / Revenue 5.68 x 5.2 x 6.14 x 4.66 x 4.32 x 4.26 x 4.38 x
EV / Revenue 9.97 x 9.26 x 10.3 x 9.24 x 8.32 x 7.92 x 8.1 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.28 x 1.21 x 1.39 x 1.08 x 1.27 x 1.25 x 1.25 x
Nbr of stocks (in thousands) 66,481 67,628 73,104 80,983 87,546 91,829 -
Reference price 2 21.47 20.75 23.39 17.80 21.60 21.68 21.68
Announcement Date 2/19/20 2/17/21 2/17/22 2/16/23 2/15/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 251.5 270 278.6 309.3 438.1 467.1 455
EBITDA - - - - - - -
EBIT 1 181.1 192.2 181.4 231.9 332.5 207 190.1
Operating Margin 72.03% 71.16% 65.11% 74.99% 75.9% 44.32% 41.78%
Earnings before Tax (EBT) 1 - - - - - 210.6 195.3
Net income 1 154.6 178.1 211.8 108.1 222 208.3 207.2
Net margin 61.47% 65.96% 76.02% 34.93% 50.68% 44.6% 45.54%
EPS 2 2.340 2.650 2.790 1.380 2.610 2.340 2.279
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 1.810 2.300 3.590 1.840 1.840 2.084 2.052
Announcement Date 2/19/20 2/17/21 2/17/22 2/16/23 2/15/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 71.2 78.32 67.43 63.89 77.84 100.2 96.5 107.6 114.4 119.5 118.1 117.9 116 115.2 114.7
EBITDA - - - - - - - - - - - - - - -
EBIT 1 46.43 55.61 45.66 53.54 56.39 76.35 71.84 82.13 85.5 93.03 50.91 52.65 52.88 50.57 -
Operating Margin 65.21% 71% 67.72% 83.8% 72.44% 76.24% 74.44% 76.32% 74.71% 77.85% 43.12% 44.66% 45.6% 43.89% -
Earnings before Tax (EBT) 1 36.57 45.85 36.06 41.57 37.54 53.78 43.35 49.69 50.46 55.27 53 53.3 52.2 52.2 -
Net income 1 54.96 41.82 40.88 -13.52 34.43 46.26 52.95 53.09 64.82 51.2 51.97 52.3 51.82 52.33 51.54
Net margin 77.19% 53.39% 60.63% -21.17% 44.23% 46.19% 54.87% 49.34% 56.64% 42.85% 44.02% 44.37% 44.69% 45.42% 44.92%
EPS 2 0.7000 0.6000 0.5100 -0.1800 0.4300 0.5800 0.6500 0.6300 0.7400 0.5800 0.5900 0.5878 0.5800 0.5822 0.5671
Dividend per Share 2 0.4300 0.9800 0.4500 0.4100 0.4200 0.4500 0.5500 0.4600 0.4600 0.4600 0.5127 0.5091 0.5082 0.5536 0.4943
Announcement Date 11/2/21 2/17/22 5/3/22 8/2/22 11/1/22 2/16/23 5/8/23 8/3/23 11/2/23 2/15/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 1,080 1,097 1,170 1,416 1,755 1,706 1,695
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 14.2% 12.9% 17.4% 12.7% 14.4% 13.7% 13.3%
ROA (Net income/ Total Assets) 6.4% 6.36% 8.66% 6.17% 6.36% 6.21% 6.09%
Assets 1 2,417 2,800 2,445 1,750 3,494 3,354 3,403
Book Value Per Share 2 16.80 17.20 16.80 16.50 17.00 17.30 17.40
Cash Flow per Share 2 - 2.160 1.480 -2.870 -2.780 1.870 1.750
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 2/19/20 2/17/21 2/17/22 2/16/23 2/15/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
21.68 USD
Average target price
22.68 USD
Spread / Average Target
+4.62%
Consensus
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