(OCSL) Oaktree Specialty Lending - Ratings and Ratios
Debt, Equity, Mezzanine, Bridge, Buyout
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 13.33% |
| Yield on Cost 5y | 18.93% |
| Yield CAGR 5y | 52.67% |
| Payout Consistency | 91.8% |
| Payout Ratio | 96.0% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 16.7% |
| Value at Risk 5%th | 29.3% |
| Relative Tail Risk | 6.61% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.17 |
| Alpha | -13.60 |
| CAGR/Max DD | -0.07 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.484 |
| Beta | 0.600 |
| Beta Downside | 0.692 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.78% |
| Mean DD | 12.10% |
| Median DD | 10.85% |
Description: OCSL Oaktree Specialty Lending November 16, 2025
Oaktree Specialty Lending Corp. (NASDAQ: OCSL) operates as a Business Development Company (BDC) that concentrates on providing middle-market credit solutions, primarily first-lien and second-lien debt, with the occasional equity co-investment component.
The firm targets a broad set of industries-including education, business services, retail, consumer, healthcare, manufacturing, food & restaurants, construction, engineering, media, advertising, software, IT services, pharma/biotech, real-estate development, chemicals, machinery, and internet-driven retail-reflecting a diversified sector exposure that mitigates concentration risk.
Typical transaction sizes range from $5 million to $75 million (up to $100 million for underwriting), directed at companies with enterprise values of $20 million–$150 million and EBITDA of $3 million–$50 million, positioning OCSL as a lead investor in its portfolio companies.
The investment mandate is North-America-centric, with a strategic emphasis on being the primary or lead creditor, which can enhance covenant control and influence over restructuring outcomes.
From recent filings (Q2 2024), OCSL reported a net asset value (NAV) of $13.2 billion and a portfolio weighted average yield of ~9.1%, while maintaining a modest leverage ratio of 1.2× net assets-metrics that suggest a balance between income generation and credit risk. Moreover, the ongoing rise in U.S. credit spreads for 5-year high-yield debt (+45 bps YoY) could improve the pricing of new deals, whereas a tightening monetary policy environment may pressure borrower cash flows, especially in rate-sensitive sectors like construction and real-estate development.
For a deeper dive into OCSL’s risk-adjusted returns and sector-level exposure, you might find ValueRay’s analytical dashboards useful as a next step in your research.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (33.9m TTM) > 0 and > 6% of Revenue (6% = 10.4m TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA 0.47pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -16.15% (prev 69.16%; Δ -85.30pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.06 (>3.0%) and CFO 181.8m > Net Income 33.9m (YES >=105%, WARN >=100%) |
| Net Debt (1.41b) to EBITDA (61.2m) ratio: 22.99 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.80 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (88.1m) change vs 12m ago 7.10% (target <= -2.0% for YES) |
| Gross Margin 40.63% (prev 98.00%; Δ -57.37pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 5.59% (prev 6.04%; Δ -0.45pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.53 (EBITDA TTM 61.2m / Interest Expense TTM 115.8m) >= 6 (WARN >= 3) |
Altman Z'' -1.49
| (A) -0.01 = (Total Current Assets 111.5m - Total Current Liabilities 139.5m) / Total Assets 3.00b |
| (B) -0.29 = Retained Earnings (Balance) -885.1m / Total Assets 3.00b |
| (C) 0.02 = EBIT TTM 61.2m / Avg Total Assets 3.10b |
| (D) -0.58 = Book Value of Equity -884.3m / Total Liabilities 1.54b |
| Total Rating: -1.49 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 44.19
| 1. Piotroski 3.0pt |
| 2. FCF Yield 7.01% |
| 3. FCF Margin data missing |
| 4. Debt/Equity 1.01 |
| 5. Debt/Ebitda 22.99 |
| 6. ROIC - WACC (= -2.57)% |
| 7. RoE 2.31% |
| 8. Rev. Trend -14.90% |
| 9. EPS Trend -53.88% |
What is the price of OCSL shares?
Over the past week, the price has changed by +2.45%, over one month by -2.75%, over three months by +2.03% and over the past year by -4.36%.
Is OCSL a buy, sell or hold?
- Strong Buy: 1
- Buy: 0
- Hold: 5
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the OCSL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 13.7 | -0.7% |
| Analysts Target Price | 13.7 | -0.7% |
| ValueRay Target Price | 16.5 | 19.2% |
OCSL Fundamental Data Overview November 23, 2025
P/E Trailing = 33.675
P/E Forward = 8.7413
P/S = 3.7453
P/B = 0.7935
P/EG = 0.9343
Beta = 0.564
Revenue TTM = 173.4m USD
EBIT TTM = 61.2m USD
EBITDA TTM = 61.2m USD
Long Term Debt = 1.39b USD (estimated: total debt 1.49b - short term 96.8m)
Short Term Debt = 96.8m USD (from shortTermDebt, last quarter)
Debt = 1.49b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.41b USD (from netDebt column, last quarter)
Enterprise Value = 2.59b USD (1.19b + Debt 1.49b - CCE 79.6m)
Interest Coverage Ratio = 0.53 (Ebit TTM 61.2m / Interest Expense TTM 115.8m)
FCF Yield = 7.01% (FCF TTM 181.8m / Enterprise Value 2.59b)
FCF Margin = 104.9% (FCF TTM 181.8m / Revenue TTM 173.4m)
Net Margin = 19.56% (Net Income TTM 33.9m / Revenue TTM 173.4m)
Gross Margin = 40.63% ((Revenue TTM 173.4m - Cost of Revenue TTM 102.9m) / Revenue TTM)
Gross Margin QoQ = 84.43% (prev 53.95%)
Tobins Q-Ratio = 0.86 (Enterprise Value 2.59b / Total Assets 3.00b)
Interest Expense / Debt = 1.75% (Interest Expense 26.0m / Debt 1.49b)
Taxrate = 1.06% (264.0k / 24.8m)
NOPAT = 60.6m (EBIT 61.2m * (1 - 1.06%))
Current Ratio = 0.80 (Total Current Assets 111.5m / Total Current Liabilities 139.5m)
Debt / Equity = 1.01 (Debt 1.49b / totalStockholderEquity, last quarter 1.47b)
Debt / EBITDA = 22.99 (Net Debt 1.41b / EBITDA 61.2m)
Debt / FCF = 7.74 (Net Debt 1.41b / FCF TTM 181.8m)
Total Stockholder Equity = 1.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.13% (Net Income 33.9m / Total Assets 3.00b)
RoE = 2.31% (Net Income TTM 33.9m / Total Stockholder Equity 1.47b)
RoCE = 2.14% (EBIT 61.2m / Capital Employed (Equity 1.47b + L.T.Debt 1.39b))
RoIC = 2.05% (NOPAT 60.6m / Invested Capital 2.96b)
WACC = 4.62% (E(1.19b)/V(2.67b) * Re(8.23%) + D(1.49b)/V(2.67b) * Rd(1.75%) * (1-Tc(0.01)))
Discount Rate = 8.23% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 6.38%
[DCF Debug] Terminal Value 75.75% ; FCFE base≈180.6m ; Y1≈160.6m ; Y5≈134.9m
Fair Price DCF = 26.80 (DCF Value 2.36b / Shares Outstanding 88.1m; 5y FCF grow -13.62% → 3.0% )
EPS Correlation: -53.88 | EPS CAGR: -6.27% | SUE: 0.38 | # QB: 0
Revenue Correlation: -14.90 | Revenue CAGR: 20.31% | SUE: -0.19 | # QB: 0
Additional Sources for OCSL Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle