(CSWC) Capital Southwest - Ratings and Ratios
Credit, Equity, Debt, Growth, Buyouts
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 12.63% |
| Yield on Cost 5y | 30.51% |
| Yield CAGR 5y | -0.20% |
| Payout Consistency | 83.3% |
| Payout Ratio | 35.2% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 20.1% |
| Value at Risk 5%th | 34.1% |
| Relative Tail Risk | 3.05% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.59 |
| Alpha | 1.82 |
| CAGR/Max DD | 0.72 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.488 |
| Beta | 0.829 |
| Beta Downside | 0.929 |
| Drawdowns 3y | |
|---|---|
| Max DD | 27.74% |
| Mean DD | 6.61% |
| Median DD | 5.31% |
Description: CSWC Capital Southwest January 19, 2026
Capital Southwest Corporation (NASDAQ: CSWC) is a business-development company that focuses on credit-linked and private-equity investments in lower-middle-market firms. Its mandate covers mezzanine, later-stage, and mature growth-capital deals, typically structured as unitranche, senior, or subordinated debt, as well as preferred and common equity. The firm avoids startups, public equities, real-estate, oil-and-gas exploration, distressed turnarounds, and any transaction where senior management is exiting, and it limits equity co-investments to ≤20 % of the total check while staying non-controlling.
As of the latest filing (Q4 2023), CSWC reported approximately $1.2 billion in assets under management, a net asset value (NAV) per share of roughly $18.70, and an annualized dividend yield near 7.5 %, reflecting its high-yield BDC model. The company’s performance is sensitive to three macro drivers: (1) the health of the U.S. lower-middle-market M&A pipeline, which has been expanding at a 4-5 % YoY rate; (2) the level of corporate credit spreads, which dictate the risk-adjusted return on its unitranche and senior debt positions; and (3) interest-rate trends, because higher rates can compress the spread between its borrowing costs and the yields earned on portfolio assets. Recent sector focus on industrial automation, specialty chemicals, and SaaS-enabled business services aligns with a broader shift toward digital transformation and supply-chain resiliency, sectors that have seen earnings growth averaging 9 % YoY over the past two years.
For a deeper quantitative view of CSWC’s risk-adjusted return profile and peer comparison, you might explore the ValueRay analytics platform.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 86.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.13 > 0.02 and ΔFCF/TA -8.50 > 1.0 |
| NWC/Revenue: -53.64% < 20% (prev 49.30%; Δ -102.9% < -1%) |
| CFO/TA -0.13 > 3% & CFO -269.4m > Net Income 86.4m |
| Net Debt (307.3m) to EBITDA (108.3m): 2.84 < 3 |
| Current Ratio: 0.54 > 1.5 & < 3 |
| Outstanding Shares: last quarter (64.8m) vs 12m ago 37.23% < -2% |
| Gross Margin: 68.36% > 18% (prev 0.67%; Δ 6769 % > 0.5%) |
| Asset Turnover: 10.67% > 50% (prev 9.85%; Δ 0.82% > 0%) |
| Interest Coverage Ratio: 1.66 > 6 (EBITDA TTM 108.3m / Interest Expense TTM 61.2m) |
Altman Z'' -0.22
| A: -0.05 (Total Current Assets 123.2m - Total Current Liabilities 226.9m) / Total Assets 2.02b |
| B: -0.05 (Retained Earnings -107.5m / Total Assets 2.02b) |
| C: 0.06 (EBIT TTM 101.6m / Avg Total Assets 1.81b) |
| D: -0.09 (Book Value of Equity -93.2m / Total Liabilities 1.07b) |
| Altman-Z'' Score: -0.22 = B |
Beneish M
| DSRI: 0.93 (Receivables 35.7m/31.5m, Revenue 193.4m/158.0m) |
| GMI: 0.98 (GM 68.36% / 66.88%) |
| AQI: none (AQ_t none / AQ_t-1 none) |
| SGI: 1.22 (Revenue 193.4m / 158.0m) |
| TATA: 0.18 (NI 86.4m - CFO -269.4m) / TA 2.02b) |
| Beneish M-Score: cannot calculate (missing components) |
ValueRay F-Score (Strict, 0-100) 46.86
| 1. Piotroski: 4.0pt |
| 2. FCF Yield: -16.13% |
| 3. FCF Margin: data missing |
| 4. Debt/Equity: 0.42 |
| 5. Debt/Ebitda: 2.84 |
| 6. ROIC - WACC: -2.98% |
| 7. RoE: 9.92% |
| 8. Revenue Trend: 79.95% |
| 9. EPS Trend: -22.62% |
What is the price of CSWC shares?
Over the past week, the price has changed by -2.70%, over one month by +8.23%, over three months by +15.91% and over the past year by +16.62%.
Is CSWC a buy, sell or hold?
- Strong Buy: 2
- Buy: 1
- Hold: 4
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the CSWC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 23.9 | 3.6% |
| Analysts Target Price | 23.9 | 3.6% |
| ValueRay Target Price | 29.5 | 27.9% |
CSWC Fundamental Data Overview January 21, 2026
P/E Forward = 10.917
P/S = 6.2632
P/B = 1.437
P/EG = 12.5538
Revenue TTM = 193.4m USD
EBIT TTM = 101.6m USD
EBITDA TTM = 108.3m USD
Long Term Debt = 170.9m USD (estimated: total debt 394.8m - short term 223.8m)
Short Term Debt = 223.8m USD (from shortTermDebt, last quarter)
Debt = 394.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 307.3m USD (from netDebt column, last quarter)
Enterprise Value = 1.67b USD (1.36b + Debt 394.8m - CCE 87.4m)
Interest Coverage Ratio = 1.66 (Ebit TTM 101.6m / Interest Expense TTM 61.2m)
EV/FCF = -6.20x (Enterprise Value 1.67b / FCF TTM -269.1m)
FCF Yield = -16.13% (FCF TTM -269.1m / Enterprise Value 1.67b)
FCF Margin = -139.1% (FCF TTM -269.1m / Revenue TTM 193.4m)
Net Margin = 44.69% (Net Income TTM 86.4m / Revenue TTM 193.4m)
Gross Margin = 68.36% ((Revenue TTM 193.4m - Cost of Revenue TTM 61.2m) / Revenue TTM)
Gross Margin QoQ = 69.43% (prev 71.58%)
Tobins Q-Ratio = 0.83 (Enterprise Value 1.67b / Total Assets 2.02b)
Interest Expense / Debt = 4.06% (Interest Expense 16.0m / Debt 394.8m)
Taxrate = 13.06% (3.85m / 29.5m)
NOPAT = 88.4m (EBIT 101.6m * (1 - 13.06%))
Current Ratio = 0.54 (Total Current Assets 123.2m / Total Current Liabilities 226.9m)
Debt / Equity = 0.42 (Debt 394.8m / totalStockholderEquity, last quarter 947.0m)
Debt / EBITDA = 2.84 (Net Debt 307.3m / EBITDA 108.3m)
Debt / FCF = -1.14 (negative FCF - burning cash) (Net Debt 307.3m / FCF TTM -269.1m)
Total Stockholder Equity = 871.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.77% (Net Income 86.4m / Total Assets 2.02b)
RoE = 9.92% (Net Income TTM 86.4m / Total Stockholder Equity 871.3m)
RoCE = 9.75% (EBIT 101.6m / Capital Employed (Equity 871.3m + L.T.Debt 170.9m))
RoIC = 4.77% (NOPAT 88.4m / Invested Capital 1.85b)
WACC = 7.75% (E(1.36b)/V(1.76b) * Re(8.97%) + D(394.8m)/V(1.76b) * Rd(4.06%) * (1-Tc(0.13)))
Discount Rate = 8.97% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 24.97%
Fair Price DCF = unknown (Cash Flow -269.1m)
EPS Correlation: -22.62 | EPS CAGR: -44.34% | SUE: -4.0 | # QB: 0
Revenue Correlation: 79.95 | Revenue CAGR: 23.51% | SUE: -0.23 | # QB: 0
EPS current Year (2026-03-31): EPS=2.33 | Chg30d=+0.010 | Revisions Net=+0 | Growth EPS=-5.2% | Growth Revenue=+11.7%
EPS next Year (2027-03-31): EPS=2.23 | Chg30d=-0.016 | Revisions Net=+0 | Growth EPS=-4.5% | Growth Revenue=+7.6%
Additional Sources for CSWC Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle