TSLX - TPG Specialty Lending Inc Stock Price, Fair Value and News

21.54USD-0.11 (-0.51%)Market Closed

Market Summary

USD21.54-0.11

Market Closed

-0.51%

TSLX Stock Price

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TSLX RSI Chart

TSLX Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

9.22

Price/Sales (Trailing)

45.35

EV/EBITDA

10.67

Price/Free Cashflow

-8.73

TSLX Price/Sales (Trailing)

TSLX Profitability

EBT Margin

473.75%

Return on Equity

13.69%

Return on Assets

6.27%

Free Cashflow Yield

-11.46%

TSLX Fundamentals

TSLX Revenue

Revenue (TTM)

44.0M

Rev. Growth (Yr)

15.26%

Rev. Growth (Qtr)

-4.57%

TSLX Earnings

Earnings (TTM)

216.6M

Earnings Growth (Yr)

-10.26%

Earnings Growth (Qtr)

-7.12%

Breaking Down TSLX Revenue

Last 7 days

2.4%

Last 30 days

3.8%

Last 90 days

0.6%

How does TSLX drawdown profile look like?

TSLX Financial Health

Debt/Equity

1.14

Debt/Cashflow

-0.13

TSLX Investor Care

Shares Dilution (1Y)

13.42%

Diluted EPS (TTM)

2.49

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	44.0M	0	0	0
2023	35.0M	38.8M	42.1M	42.6M
2022	0	33.2M	33.3M	33.4M
2021	0	0	0	33.1M

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Which funds bought or sold TSLX recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	WELLS FARGO & COMPANY/MN	reduced	-0.1	-244,090	27,328,800	0.01%
May 10, 2024	CREDIT SUISSE AG/	reduced	-20.33	-1,055,910	3,983,150	-%
May 10, 2024	Cliffwater LLC	reduced	-40.34	-7,238,680	10,500,200	2.83%
May 10, 2024	Partners Group Holding AG	reduced	-58.03	-10,629,600	7,583,430	0.69%
May 10, 2024	PARK CIRCLE Co	unchanged	-	-10,540	1,328,660	1.22%
May 10, 2024	Y-Intercept (Hong Kong) Ltd	new	-	342,216	342,216	0.03%
May 10, 2024	PREVAIL INNOVATIVE WEALTH ADVISORS, LLC	sold off	-100	-503,064	-	-%
May 10, 2024	Mach-1 Financial Group, LLC	sold off	-100	-478,319	-	-%
May 10, 2024	BlackRock Inc.	added	1.89	36,800	3,426,080	-%
May 10, 2024	CITIGROUP INC	added	62.77	21,159	55,568	-%

Are Funds Buying or Selling TSLX?

Are funds buying TSLX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TSLX

No. of Funds

Unveiling TPG Specialty Lending Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 08, 2022	strs ohio	577%	334,563	SC 13G/A
Jan 13, 2022	strs ohio	066%	370,355	SC 13G/A
Jan 10, 2022	strs ohio	934%	360,691	SC 13G/A

Recent SEC filings of TPG Specialty Lending Inc

View All Filings

Date Filed	Form Type	Document
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 26, 2024	8-K	Current Report
Apr 12, 2024	ARS	ARS
Apr 12, 2024	DEFA14A	DEFA14A
Apr 11, 2024	DEF 14A	DEF 14A
Apr 11, 2024	DEF 14A	DEF 14A
Apr 11, 2024	DEFA14A	DEFA14A
Apr 11, 2024	DEFA14A	DEFA14A
Apr 05, 2024	8-K	Current Report

Peers (Alternatives to TPG Specialty Lending Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BLK	117.4B	18.3B	3.51%	22.50%	19.84	6.4	5.32%	20.80%
BX	87.3B	10.3B	-1.08%	47.41%	40.55	8.45	116.39%	249.10%
ARES	43.4B	3.6B	6.69%	70.86%	91.49	12.21	12.70%	183.11%
BK	43.3B	19.6B	5.07%	44.06%	12.96	2.2	78.39%	20.24%
BEN	12.6B	8.1B	-5.75%	-2.20%	14.02	1.56	2.98%	5.84%
MID-CAP
IVZ	7.1B	5.8B	2.93%	3.75%	-21.06	1.23	-1.10%	-153.42%
AMG	5.0B	2.0B	-3.46%	10.70%	7.25	2.45	-8.91%	-39.33%
AB	3.8B	-	-1.39%	-4.33%	13.74	-	-	7.16%
APAM	3.6B	1.0B	3.33%	42.38%	15.64	3.59	6.21%	20.27%
CNS	3.6B	486.3M	0.77%	29.80%	27.89	7.33	-9.75%	-22.27%
AMK	2.5B	722.2M	-6.04%	21.17%	17.55	3.5	12.85%	46.40%
SMALL-CAP
PX	956.7M	250.6M	8.06%	-17.72%	-363.84	3.82	18.02%	-111.85%
BSIG	851.6M	440.5M	0.89%	-	12.45	1.93	11.01%	-22.97%
AINC	16.6M	770.8M	2.33%	-54.89%	-3.82	0.02	10.81%	-208.39%
AC	717.2K	25.3M	3.32%	-9.14%	0.02	0.03	137.10%	176.58%

TPG Specialty Lending Inc News

Latest updates

TPG Specialty Lending Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)									(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2021Q4
Revenue	-4.6%	11.00	11.00	11.00	11.00	9.00	11.00	8.00	7.00	-
Operating Expenses	0.5%	65.00	65.00	64.00	58.00	53.00	47.00	40.00	22.00	-
EBITDA Margin	2.7%	8.01*	7.81*	7.51*	7.39*	7.37*	6.94*	5.45*	5.47*	5.49*
Interest Expenses	3.4%	39.00	38.00	35.00	32.00	28.00	23.00	19.00	12.00	-
Income Taxes	44.4%	1.00	1.00	0.00	1.00	0.00	1.00	0.00	1.00	-
Earnings Before Taxes	-3.7%	53.00	55.00	50.00	50.00	43.00	54.00	38.00	42.00	-
EBT Margin	1.5%	4.74*	4.67*	4.69*	4.75*	5.03*	5.06*	4.29*	4.30*	4.32*
Net Income	-7.1%	48.00	51.00	65.00	53.00	53.00	46.00	34.00	-13.52	42.00
Net Income Margin	-5.7%	4.92*	5.21*	5.16*	4.81*	3.43*	3.24*	3.11*	3.74*	6.41*
Free Cashflow	24.6%	-65.54	-86.87	37.00	-113	-73.50	54.00	-244	-115	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet								(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2021Q4
Assets	3.2%	3,452	3,344	3,174	3,141	2,973	2,837	2,860	2,552
Cash Equivalents	42.4%	36.00	25.00	30.00	26.00	26.00	26.00	30.00	16.00
Liabilities	1.2%	1,870	1,847	1,688	1,681	1,617	1,495	1,532	1,276
Long Term Debt	1.4%	1,804	1,780	1,623	1,623	1,563	1,442	1,457	1,186
Shareholder's Equity	5.7%	1,582	1,496	1,486	1,461	1,356	1,342	1,328	1,276
Retained Earnings	-1.7%	99.00	101	94.00	75.00	65.00	56.00	44.00	90.00
Additional Paid-In Capital	6.2%	1,493	1,405	1,401	1,395	1,301	1,295	1,290	1,189
Shares Outstanding	4.9%	92.00	88.00	88.00	87.00	82.00	81.00	81.00	76.00
Float	-	-	-	-	1,575	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)												(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Cashflow From Operations	24.6%	-65,538	-86,868	36,661	-113,077	-73,504	54,290	-244,096	-115,876	81,150	-	-	-
Cashflow From Financing	-7.2%	76,232	82,184	-32,636	113,195	73,594	-58,923	247,199	119,559	-73,623	-	-	-
Dividend Payments	-100.0%	-	40,608	39,442	37,855	38,516	29,577	54,266	28,376	32,512	-	-	-
Buy Backs	-	-	-	-	-	-	3,168	1,000	-	-	-	-	733

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TSLX Income Statement

2024-03-31

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income
Total Investment Income	$ 117,783	$ 96,505
Expenses
Interest	39,032	28,486
Management fees	12,597	10,733
Incentive fees on net investment income	10,928	9,481
Incentive fees on net capital gains	(845)	1,758
Professional fees	1,751	1,756
Directors’ fees	220	183
Other general and administrative	1,286	1,014
Total expenses	64,969	53,411
Management and incentive fees waived (Note 3)	(398)	(256)
Net Expenses	64,571	53,155
Net Investment Income Before Income Taxes	53,212	43,350
Income taxes, including excise taxes	850	413
Net Investment Income	52,362	42,937
Net change in unrealized gains (losses):
Net unrealized gains (losses) on investments	(11,696)	5,550
Translation of other assets and liabilities in foreign currencies	4,727	(1,004)
Interest rate swaps	0	231
Total net change in unrealized gains (losses)	(6,969)	4,777
Realized gains (losses):
Realized gains (losses) on investments	2,234	4,814
Foreign currency transactions	(109)	424
Total net realized gains (losses)	2,125	5,238
Total Net Unrealized and Realized Gains (Losses)	(4,844)	10,015
Increase (Decrease) in Net Assets Resulting from Operations	$ 47,518	$ 52,952
Earnings per common share-basic	$ 0.53	$ 0.65
Earnings per common share-diluted	$ 0.53	$ 0.65
Weighted average shares of common stock outstanding-basic	89,032,381	81,400,843
Weighted average shares of common stock outstanding-diluted	89,032,381	81,400,843
Non-controlled, Non-affiliated Investments
Income
Interest from investments	$ 102,407	$ 88,434
Paid-in-kind interest income	8,108	3,003
Dividend income	780	608
Other income	4,254	2,757
Total Investment Income	115,549	94,802
Net change in unrealized gains (losses):
Net unrealized gains (losses) on investments	2,234	4,814
Realized gains (losses):
Realized gains (losses) on investments	(9,315)	11,754
Controlled, Affiliated Investments
Income
Interest from investments	2,230	1,702
Other income	4	1
Total Investment Income	2,234	1,703
Net change in unrealized gains (losses):
Net unrealized gains (losses) on investments	$ (2,381)	$ (6,204)

TSLX Balance Sheet

2024-03-31

Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Assets

Total investments at fair value

$ 3,380,009

$ 3,283,065

Cash and cash equivalents (restricted cash of $29,100 and $23,979, respectively)

35,890

25,196

Interest receivable

31,258

27,969

Prepaid expenses and other assets

4,865

7,578

Total Assets

3,452,022

3,343,808

Liabilities

Debt (net of deferred financing costs of $25,258 and $21,930, respectively)

1,804,347

^[1],[2]

1,780,307

^[3],[4]

Management fees payable to affiliate

12,199

11,962

Incentive fees on net investment income payable to affiliate

10,928

11,451

Incentive fees on net capital gains accrued to affiliate

9,601

10,446

Other payables to affiliate

2,701

2,802

Other liabilities

30,240

30,465

Total Liabilities

1,870,016

1,847,433

Commitments and contingencies (Note 8)

Net Assets

Preferred stock, $0.01 par value; 100,000,000 shares authorized; no shares issued and outstanding

Common stock, $0.01 par value; 400,000,000 shares authorized, 92,785,806 and 88,493,749 shares issued, respectively; and 92,121,556 and 87,829,499 shares outstanding, respectively

928

885

Additional paid-in capital

1,492,511

1,405,173

Treasury stock at cost; [664,250] and 664,250 shares held, respectively

(10,459)

Distributable earnings

99,026

100,776

Total Net Assets

1,582,006

1,496,375

Total Liabilities and Net Assets

$ 3,452,022

$ 3,343,808

Net Asset Value Per Share

$ 17.17

$ 17.04

Non-controlled, Non-affiliated Investments

Assets

Total investments at fair value

$ 3,319,997

$ 3,223,152

Controlled, Affiliated Investments

Assets

Total investments at fair value

$ 60,012

$ 59,913

[1]	The carrying values of the 2024 Notes, 2026 Notes, 2028 Notes and 2029 Notes are presented inclusive of an incremental $(8.2) million, $(27.3) million, $(1.5) million and $(5.2) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes, 2026 Notes, 2028 Notes and 2029 Notes, each resulting from a hedge accounting relationship.
[2]	The carrying values of the Revolving Credit Facility, 2024 Notes, 2026 Notes, 2028 Notes and 2029 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $14.3 million, $0.8 million, $2.7 million, $5.4 million and $8.1 million, respectively.
[3]	The carrying values of the 2024 Notes, 2026 Notes and 2028 Notes are presented inclusive of an incremental $(10.4) million, $(26.1) million and $4.7 million, respectively, which represents an adjustment in the carrying values of the 2024 Notes, 2026 Notes and 2028 Notes, each resulting from a hedge accounting relationship.
[4]	The carrying values of the Revolving Credit Facility, 2024 Notes, 2026 Notes and 2028 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $15.2 million, $1.2 million, $3.0 million and $5.7 million, respectively.

About TPG Specialty Lending Inc

Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. It seeks to finance and lending to middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1 billion or more and EBITDA between $10 million and $250 million. The transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.

CEO	Mr. Joshua Easterly
WEBSITE	sixthstreetspecialtylending.com
INDUSTRY	Asset Management

TPG Specialty Lending Inc Frequently Asked Questions

What is the ticker symbol for TPG Specialty Lending Inc? What does TSLX stand for in stocks?

TSLX is the stock ticker symbol of TPG Specialty Lending Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of TPG Specialty Lending Inc (TSLX)?

As of Mon May 13 2024, market cap of TPG Specialty Lending Inc is 2 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TSLX stock?

You can check TSLX's fair value in chart for subscribers.

What is the fair value of TSLX stock?

You can check TSLX's fair value in chart for subscribers. The fair value of TPG Specialty Lending Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of TPG Specialty Lending Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TSLX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is TPG Specialty Lending Inc a good stock to buy?

The fair value guage provides a quick view whether TSLX is over valued or under valued. Whether TPG Specialty Lending Inc is cheap or expensive depends on the assumptions which impact TPG Specialty Lending Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TSLX.

What is TPG Specialty Lending Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, TSLX's PE ratio (Price to Earnings) is 9.22 and Price to Sales (PS) ratio is 45.35. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TSLX PE ratio will change depending on the future growth rate expectations of investors.