(CSWC) Capital Southwest - Ratings and Ratios
Credit, Mezzanine, Equity, Debt, Buyout
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 18.3% |
| Value at Risk 5%th | 31.5% |
| Relative Tail Risk | 4.66% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.11 |
| Alpha | -7.27 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.530 |
| Beta | 0.810 |
| Beta Downside | 0.858 |
| Drawdowns 3y | |
|---|---|
| Max DD | 27.74% |
| Mean DD | 6.51% |
| Median DD | 5.15% |
Description: CSWC Capital Southwest November 16, 2025
Capital Southwest Corporation (NASDAQ:CSWC) focuses on credit, private-equity, and venture-capital investments in middle-market companies, targeting mezzanine, later-stage, mature, and emerging-growth opportunities, as well as buyouts, industry consolidation, recapitalizations, and growth-capital transactions.
The firm explicitly avoids startups, publicly traded entities, real-estate projects, project-finance deals, oil-and-gas exploration, distressed or turnaround situations, and companies experiencing significant senior-management turnover.
In the lower middle market, CSWC typically provides growth financing, funds bolt-on and platform acquisitions, supports refinancing and dividend recapitalizations, and participates in sponsor-led and management-buyout structures.
Investment vehicles include unitranche, subordinated, senior, first- and second-lien debt, as well as preferred and common equity; equity co-investments may reach up to 20 % of the total check, but the firm remains non-controlling.
While industry-agnostic, CSWC shows a preference for industrial manufacturing and services, value-added distribution, healthcare products and services, business services, specialty chemicals, food & beverage, tech-enabled services, and SaaS models. Specific sub-focuses include energy services (excluding exploration & production), industrial automation & process controls, and specialty chemicals.
Key market data that shape CSWC’s opportunity set: as of Q3 2024 the firm reported approximately $1.2 billion in assets under management; median deal size in its target segment is roughly $45 million; and unitranche spreads in the middle market are trading around 350 bps over LIBOR, reflecting modest credit tightening. Additionally, SaaS revenue growth in the mid-market continues at an 18 % CAGR, while industrial automation spending is projected to rise 6 % annually, both supporting CSWC’s sector tilt.
For a deeper quantitative view of CSWC’s valuation metrics and peer comparison, the ValueRay platform offers a free, data-driven dashboard worth exploring.
Overview
Ticker Symbol: CSWC
Type: Common Stock
Country of Origin: United States
GICS Sub-Industry: Asset Management & Custody Banks
CSWC Stock Overview
| Market Cap in USD | 1,180m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 1990-03-27 |
| Return 12m vs S&P 500 | -7.31% |
| Analyst Rating | 3.71 of 5 |
CSWC Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 15.16% |
| Yield on Cost 5y | 32.55% |
| Yield CAGR 5y | 5.53% |
| Payout Consistency | 23.7% |
| Payout Ratio | 37.8% |
CSWC Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | 18.51% |
| CAGR/Max DD Calmar Ratio | 0.67 |
| CAGR/Mean DD Pain Ratio | 2.84 |
| Current Volume | 607.1k |
| Average Volume | 662.2k |
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (86.4m TTM) > 0 and > 6% of Revenue (6% = 11.6m TTM) |
| FCFTA -0.13 (>2.0%) and ΔFCFTA -8.50pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -72.11% (prev 49.76%; Δ -121.9pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.13 (>3.0%) and CFO -269.4m <= Net Income 86.4m (YES >=105%, WARN >=100%) |
| Net Debt (307.3m) to EBITDA (108.3m) ratio: 2.84 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.39 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (64.8m) change vs 12m ago 37.23% (target <= -2.0% for YES) |
| Gross Margin 68.36% (prev 82.50%; Δ -14.14pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 10.67% (prev 9.76%; Δ 0.91pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.66 (EBITDA TTM 108.3m / Interest Expense TTM 61.2m) >= 6 (WARN >= 3) |
Altman Z'' -0.34
| (A) -0.07 = (Total Current Assets 87.4m - Total Current Liabilities 226.9m) / Total Assets 2.02b |
| (B) -0.05 = Retained Earnings (Balance) -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 |
| Total Rating: -0.34 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 45.10
| 1. Piotroski 3.0pt |
| 2. FCF Yield -18.10% |
| 3. FCF Margin data missing |
| 4. Debt/Equity 0.42 |
| 5. Debt/Ebitda 2.84 |
| 6. ROIC - WACC (= -2.86)% |
| 7. RoE 9.92% |
| 8. Rev. Trend 71.36% |
| 9. EPS Trend -27.76% |
What is the price of CSWC shares?
Over the past week, the price has changed by +0.53%, over one month by +1.79%, over three months by -3.80% and over the past year by +4.14%.
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 | 23.6 | 12.8% |
| Analysts Target Price | 23.6 | 12.8% |
| ValueRay Target Price | 25.9 | 23.9% |
CSWC Fundamental Data Overview November 20, 2025
P/E Trailing = 12.8313
P/E Forward = 9.7561
P/S = 5.4301
P/B = 1.2446
P/EG = 12.5538
Beta = 0.808
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 = 1.49b USD (1.18b + Debt 394.8m - CCE 87.4m)
Interest Coverage Ratio = 1.66 (Ebit TTM 101.6m / Interest Expense TTM 61.2m)
FCF Yield = -18.10% (FCF TTM -269.1m / Enterprise Value 1.49b)
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 = 0.74 (Enterprise Value 1.49b / 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 = 0.39 (Total Current Assets 87.4m / 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 = 4.28% (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 = 7.63% (E(1.18b)/V(1.57b) * Re(9.0%) + D(394.8m)/V(1.57b) * Rd(4.06%) * (1-Tc(0.13)))
Discount Rate = 9.0% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 24.97%
Fair Price DCF = unknown (Cash Flow -269.1m)
EPS Correlation: -27.76 | EPS CAGR: -3.01% | SUE: -0.08 | # QB: 0
Revenue Correlation: 71.36 | Revenue CAGR: 42.40% | SUE: -0.21 | # QB: 0
Additional Sources for CSWC Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle