(OBDC) Blue Owl Capital - Overview
Stock: Senior Secured, Unitranche, Second Lien, Subordinated, Preferred Equity
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 11.51% |
| Yield on Cost 5y | 19.52% |
| Yield CAGR 5y | 5.91% |
| Payout Consistency | 95.8% |
| Payout Ratio | 94.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 38.5% |
| Relative Tail Risk | 0.78% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.68 |
| Alpha | -28.52 |
| Character TTM | |
|---|---|
| Beta | 0.860 |
| Beta Downside | 0.917 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.34% |
| CAGR/Max DD | 0.30 |
Description: OBDC Blue Owl Capital January 07, 2026
Blue Owl Capital Corporation (NYSE: OBDC) operates as a Business Development Company (BDC) that focuses on direct-lending and fund-of-fund strategies. Its investment mandate covers senior secured loans, unitranche and second-lien term loans, mezzanine debt, as well as equity-linked securities such as warrants, preferred stock, and common equity. Within private-equity, the firm targets growth-capital, acquisition, expansion, refinancing, and recapitalization opportunities in U.S. middle-market and upper-middle-market companies, typically with EBITDA of $10 M–$250 M and revenue of $50 M–$2.5 B. Deal sizes range from $20 M to $250 M, with maturities of three to ten years.
**Key market context (as of Q4 2023):**
• AUM stood at roughly $13 B, with a net asset value (NAV) yield of ~8.5%-above the BDC median of ~7% but sensitive to credit-spread widening.
• U.S. middle-market loan demand is being driven by a 4.2% YoY increase in corporate refinancing activity, reflecting higher leverage ratios and the need to lock in rates before further Federal Reserve tightening.
• The sector’s performance is closely linked to the health of the U.S. manufacturing and business services segments, which together account for ~45% of the target addressable market; a slowdown in these industries would likely compress deal flow and pricing.
For a deeper, data-rich view of Blue Owl’s risk-adjusted returns and how they compare to peers, you might explore the analytics platform ValueRay for additional insights.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 663.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 6.63 > 1.0 |
| NWC/Revenue: 17.50% < 20% (prev 39.12%; Δ -21.62% < -1%) |
| CFO/TA 0.06 > 3% & CFO 1.01b > Net Income 663.2m |
| Net Debt (9.25b) to EBITDA (675.5m): 13.70 < 3 |
| Current Ratio: 2.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (511.0m) vs 12m ago 30.97% < -2% |
| Gross Margin: 58.40% > 18% (prev 0.62%; Δ 5778 % > 0.5%) |
| Asset Turnover: 8.02% > 50% (prev 8.06%; Δ -0.04% > 0%) |
| Interest Coverage Ratio: -0.50 > 6 (EBITDA TTM 675.5m / Interest Expense TTM 528.8m) |
Altman Z'' -0.05
| A: 0.01 (Total Current Assets 421.5m - Total Current Liabilities 199.1m) / Total Assets 17.61b |
| B: -0.00 (Retained Earnings -67.0m / Total Assets 17.61b) |
| C: -0.02 (EBIT TTM -262.3m / Avg Total Assets 15.85b) |
| D: -0.01 (Book Value of Equity -61.8m / Total Liabilities 9.99b) |
| Altman-Z'' Score: -0.05 = B |
What is the price of OBDC shares?
Over the past week, the price has changed by -4.50%, over one month by -8.32%, over three months by -2.46% and over the past year by -14.67%.
Is OBDC a buy, sell or hold?
- StrongBuy: 7
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the OBDC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 14.5 | 26.5% |
| Analysts Target Price | 14.5 | 26.5% |
| ValueRay Target Price | 13.5 | 17.5% |
OBDC Fundamental Data Overview February 03, 2026
P/E Forward = 8.8028
P/S = 3.4109
P/B = 0.8158
Revenue TTM = 1.27b USD
EBIT TTM = -262.3m USD
EBITDA TTM = 675.5m USD
Long Term Debt = unknown (none)
Short Term Debt = 499.9m USD (from shortTermDebt, two quarters ago)
Debt = 9.53b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 9.25b USD (from netDebt column, last quarter)
Enterprise Value = 15.39b USD (6.13b + Debt 9.53b - CCE 274.3m)
Interest Coverage Ratio = -0.50 (Ebit TTM -262.3m / Interest Expense TTM 528.8m)
EV/FCF = 15.28x (Enterprise Value 15.39b / FCF TTM 1.01b)
FCF Yield = 6.54% (FCF TTM 1.01b / Enterprise Value 15.39b)
FCF Margin = 79.21% (FCF TTM 1.01b / Revenue TTM 1.27b)
Net Margin = 52.17% (Net Income TTM 663.2m / Revenue TTM 1.27b)
Gross Margin = 58.40% ((Revenue TTM 1.27b - Cost of Revenue TTM 528.8m) / Revenue TTM)
Gross Margin QoQ = 51.96% (prev 53.19%)
Tobins Q-Ratio = 0.87 (Enterprise Value 15.39b / Total Assets 17.61b)
Interest Expense / Debt = 1.47% (Interest Expense 140.2m / Debt 9.53b)
Taxrate = 3.45% (4.58m / 132.8m)
NOPAT = -253.3m (EBIT -262.3m * (1 - 3.45%)) [loss with tax shield]
Current Ratio = 2.12 (Total Current Assets 421.5m / Total Current Liabilities 199.1m)
Debt / Equity = 1.25 (Debt 9.53b / totalStockholderEquity, last quarter 7.61b)
Debt / EBITDA = 13.70 (Net Debt 9.25b / EBITDA 675.5m)
Debt / FCF = 9.19 (Net Debt 9.25b / FCF TTM 1.01b)
Total Stockholder Equity = 7.25b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.18% (Net Income 663.2m / Total Assets 17.61b)
RoE = 9.15% (Net Income TTM 663.2m / Total Stockholder Equity 7.25b)
RoCE = -1.51% (EBIT -262.3m / Capital Employed (Total Assets 17.61b - Current Liab 199.1m))
RoIC = -1.55% (negative operating profit) (NOPAT -253.3m / Invested Capital 16.34b)
WACC = 4.42% (E(6.13b)/V(15.66b) * Re(9.08%) + D(9.53b)/V(15.66b) * Rd(1.47%) * (1-Tc(0.03)))
Discount Rate = 9.08% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 14.46%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈1.01b ; Y1≈661.0m ; Y5≈301.6m
Fair Price DCF = 0.69 (EV 9.61b - Net Debt 9.25b = Equity 354.9m / Shares 511.0m; r=5.90% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: -23.54 | EPS CAGR: -42.06% | SUE: -4.0 | # QB: 0
Revenue Correlation: 44.47 | Revenue CAGR: 5.14% | SUE: -0.97 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.36 | Chg30d=-0.006 | Revisions Net=-2 | Analysts=12
EPS next Year (2026-12-31): EPS=1.39 | Chg30d=-0.021 | Revisions Net=-2 | Growth EPS=-9.5% | Growth Revenue=-4.1%