(OCSL) Oaktree Specialty Lending - Ratings and Ratios
Debt, Equity, Mezzanine, Bridge, Buyout
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 19.0% |
| Value at Risk 5%th | 33.2% |
| Relative Tail Risk | 6.42% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.19 |
| Alpha | -11.77 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.643 |
| Beta | 0.600 |
| Beta Downside | 0.692 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.78% |
| Mean DD | 11.99% |
| Median DD | 10.54% |
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.
OCSL Stock Overview
| Market Cap in USD | 1,174m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2008-06-12 |
| Return 12m vs S&P 500 | -12.8% |
| Analyst Rating | 3.33 of 5 |
OCSL Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 13.66% |
| Yield on Cost 5y | 19.49% |
| Yield CAGR 5y | 52.67% |
| Payout Consistency | 91.8% |
| Payout Ratio | 135.3% |
OCSL Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | -2.51% |
| CAGR/Max DD Calmar Ratio | -0.08 |
| CAGR/Mean DD Pain Ratio | -0.21 |
| Current Volume | 984.5k |
| Average Volume | 688.9k |
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income (46.3m TTM) > 0 and > 6% of Revenue (6% = 14.9m TTM) |
| FCFTA 0.11 (>2.0%) and ΔFCFTA 1.04pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 19.39% (prev 51.88%; Δ -32.49pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.11 (>3.0%) and CFO 322.5m > Net Income 46.3m (YES >=105%, WARN >=100%) |
| Net Debt (-79.8m) to EBITDA (103.2m) ratio: -0.77 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.88 (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 7.65% (target <= -2.0% for YES) |
| Gross Margin 60.15% (prev 73.59%; Δ -13.44pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 7.90% (prev 5.23%; Δ 2.67pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -1.59 (EBITDA TTM 103.2m / Interest Expense TTM 121.9m) >= 6 (WARN >= 3) |
Altman Z'' -1.92
| (A) 0.02 = (Total Current Assets 103.1m - Total Current Liabilities 55.0m) / Total Assets 2.96b |
| (B) -0.30 = Retained Earnings (Balance) -891.7m / Total Assets 2.96b |
| (C) -0.06 = EBIT TTM -193.2m / Avg Total Assets 3.14b |
| (D) -0.60 = Book Value of Equity -890.9m / Total Liabilities 1.49b |
| Total Rating: -1.92 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 49.30
| 1. Piotroski 6.0pt |
| 2. FCF Yield 11.80% |
| 3. FCF Margin data missing |
| 4. Debt/Equity 1.11 |
| 5. Debt/Ebitda -0.77 |
| 6. ROIC - WACC (= -10.92)% |
| 7. RoE 3.14% |
| 8. Rev. Trend 64.81% |
| 9. EPS Trend -74.76% |
What is the price of OCSL shares?
Over the past week, the price has changed by -1.03%, over one month by -2.81%, over three months by +1.70% and over the past year by -1.97%.
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 | 13.6 | 1% |
| Analysts Target Price | 13.6 | 1% |
| ValueRay Target Price | 16.1 | 19.8% |
OCSL Fundamental Data Overview November 18, 2025
P/E Trailing = 23.386
P/E Forward = 9.0171
P/S = 3.5145
P/B = 0.8123
P/EG = 0.9343
Beta = 0.564
Revenue TTM = 248.3m USD
EBIT TTM = -193.2m USD
EBITDA TTM = 103.2m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 1.64b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -79.8m USD (from netDebt column, last quarter)
Enterprise Value = 2.73b USD (1.17b + Debt 1.64b - CCE 79.8m)
Interest Coverage Ratio = -1.59 (Ebit TTM -193.2m / Interest Expense TTM 121.9m)
FCF Yield = 11.80% (FCF TTM 322.5m / Enterprise Value 2.73b)
FCF Margin = 129.9% (FCF TTM 322.5m / Revenue TTM 248.3m)
Net Margin = 18.63% (Net Income TTM 46.3m / Revenue TTM 248.3m)
Gross Margin = 60.15% ((Revenue TTM 248.3m - Cost of Revenue TTM 98.9m) / Revenue TTM)
Gross Margin QoQ = 86.86% (prev 66.55%)
Tobins Q-Ratio = 0.92 (Enterprise Value 2.73b / Total Assets 2.96b)
Interest Expense / Debt = 1.90% (Interest Expense 31.1m / Debt 1.64b)
Taxrate = 0.84% (325.0k / 38.7m)
NOPAT = -191.6m (EBIT -193.2m * (1 - 0.84%)) [loss with tax shield]
Current Ratio = 1.88 (Total Current Assets 103.1m / Total Current Liabilities 55.0m)
Debt / Equity = 1.11 (Debt 1.64b / totalStockholderEquity, last quarter 1.48b)
Debt / EBITDA = -0.77 (Net Debt -79.8m / EBITDA 103.2m)
Debt / FCF = -0.25 (Net Debt -79.8m / FCF TTM 322.5m)
Total Stockholder Equity = 1.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.56% (Net Income 46.3m / Total Assets 2.96b)
RoE = 3.14% (Net Income TTM 46.3m / Total Stockholder Equity 1.47b)
RoCE = -6.64% (EBIT -193.2m / Capital Employed (Total Assets 2.96b - Current Liab 55.0m))
RoIC = -6.39% (negative operating profit) (NOPAT -191.6m / Invested Capital 3.00b)
WACC = 4.53% (E(1.17b)/V(2.81b) * Re(8.23%) + D(1.64b)/V(2.81b) * Rd(1.90%) * (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≈324.3m ; Y1≈288.5m ; Y5≈242.2m
Fair Price DCF = 48.14 (DCF Value 4.24b / Shares Outstanding 88.1m; 5y FCF grow -13.62% → 3.0% )
EPS Correlation: -74.76 | EPS CAGR: -59.48% | SUE: -4.0 | # QB: 0
Revenue Correlation: 64.81 | Revenue CAGR: 59.66% | SUE: -0.19 | # QB: 0
Additional Sources for OCSL Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle