(FSCO) FS Credit Opportunities - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 1.026m USD | Total Return: -23.9% in 12m
Avg Turnover: 5.08M
Rev. Trend: -100.0%
Warnings
Fakeout
Tailwinds
No distinct edge detected
FS Credit Opportunities Corp. (FSCO) is a closed-end management investment company focused on global fixed-income markets, primarily within the United States and Europe. The fund employs a dynamic credit strategy, allocating capital across both public and private markets to identify yield premiums often found in complex or illiquid credit instruments. Its portfolio typically includes secured and unsecured floating-rate loans, bonds, and other debt obligations used for corporate financing.
The fund specifically targets event-driven opportunities, investing in companies undergoing structural changes such as mergers, acquisitions, or reorganizations. As a closed-end fund, FSCO can invest in less liquid private credit assets that are often inaccessible to traditional mutual funds, potentially capturing a liquidity premium. This sector is characterized by high barriers to entry due to the specialized legal and financial analysis required to evaluate distressed or complex debt structures.
Investors can evaluate the funds historical performance and portfolio composition on ValueRay to inform their investment decisions. Managed by FS Global Advisor, LLC, the fund seeks total return by navigating non-traditional credit markets where corporate events may trigger valuation adjustments.
- Federal Reserve interest rate cuts reduce yields on floating rate loan portfolios
- Rising corporate default rates increase credit losses in non-traditional debt holdings
- Tightening credit spreads limit total return potential from opportunistic event-driven investments
- Increased demand for private credit assets drives net asset value appreciation
- Use of leverage amplifies investment returns and increases sensitivity to borrowing costs
| Net Income: 149.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.24 > 0.02 and ΔFCF/TA 20.51 > 1.0 |
| NWC/Revenue: 179.2% < 20% (prev 57.06%; Δ 122.1% < -1%) |
| CFO/TA 0.24 > 3% & CFO 512.2m > Net Income 149.7m |
| Net Debt (-113.9m) to EBITDA (153.8m): -0.74 < 3 |
| Current Ratio: 13.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (202.3m) vs 12m ago 1.97% < -2% |
| Gross Margin: 79.28% > 18% (prev 81.30%; Δ -2.02% > 0.5%) |
| Asset Turnover: 9.72% > 50% (prev 12.15%; Δ -2.43% > 0%) |
| Interest Coverage Ratio: 3.60 > 6 (EBIT TTM 153.8m / Interest Expense TTM 42.8m) |
| A: 0.17 (Total Current Assets 398.9m - Total Current Liabilities 29.2m) / Total Assets 2.16b |
| B: -0.11 (Retained Earnings -229.0m / Total Assets 2.16b) |
| C: 0.07 (EBIT TTM 153.8m / Avg Total Assets 2.12b) |
| D: 1.99 (Book Value of Equity 1.44b / Total Liabilities 720.9m) |
| Altman-Z'' = 3.36 = A |
As of June 07, 2026, the stock is trading at USD 4.80 with a total of 1,255,476 shares traded.
Over the past week, the price has changed by -4.95%,
over one month by -8.37%,
over three months by -2.60% and
over the past year by -23.90%.
FS Credit Opportunities has no consensus analysts rating.
P/E Trailing = 6.6711
P/S = 6.2688
P/B = 0.7131
Revenue TTM = 206.3m USD
EBIT TTM = 153.8m USD
EBITDA TTM = 153.8m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 285.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -113.9m USD (calculated: Debt 285.0m - CCE 398.9m)
Enterprise Value = 911.6m USD (1.03b + Debt 285.0m - CCE 398.9m)
Interest Coverage Ratio = 3.60 (Ebit TTM 153.8m / Interest Expense TTM 42.8m)
EV/FCF = 1.78x (Enterprise Value 911.6m / FCF TTM 512.2m)
FCF Yield = 56.19% (FCF TTM 512.2m / Enterprise Value 911.6m)
FCF Margin = 248.2% (FCF TTM 512.2m / Revenue TTM 206.3m)
Net Margin = 72.57% (Net Income TTM 149.7m / Revenue TTM 206.3m)
Gross Margin = 79.28% ((Revenue TTM 206.3m - Cost of Revenue TTM 42.8m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.42 (Enterprise Value 911.6m / Total Assets 2.16b)
Interest Expense / Debt = 15.00% (Interest Expense 42.8m / Debt 285.0m)
Taxrate = 2.61% (4.01m / 153.8m)
NOPAT = 149.7m (EBIT 153.8m * (1 - 2.61%))
Current Ratio = 13.64 (Total Current Assets 398.9m / Total Current Liabilities 29.2m)
Debt / Equity = 0.20 (Debt 285.0m / totalStockholderEquity, last quarter 1.44b)
Debt / EBITDA = -0.74 (Net Debt -113.9m / EBITDA 153.8m)
Debt / FCF = -0.22 (Net Debt -113.9m / FCF TTM 512.2m)
Total Stockholder Equity = 1.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.05% (Net Income 149.7m / Total Assets 2.16b)
RoE = 10.46% (Net Income TTM 149.7m / Total Stockholder Equity 1.43b)
RoCE = 7.22% (EBIT 153.8m / Capital Employed (Total Assets 2.16b - Current Liab 29.2m))
RoIC = 7.07% (NOPAT 149.7m / Invested Capital 2.12b)
WACC = 9.29% (E(1.03b)/V(1.31b) * Re(7.81%) + D(285.0m)/V(1.31b) * Rd(15.00%) * (1-Tc(0.03)))
Discount Rate = 7.81% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 57.74 | Cagr: 1.58%
[DCF] Terminal Value 74.99% ; FCFF base≈334.2m ; Y1≈383.1m ; Y5≈563.8m
[DCF] Fair Price = 36.55 (EV 7.28b - Net Debt -113.9m = Equity 7.39b / Shares 202.3m; r=9.29% [WACC]; 5y FCF grow 15.0% → 2.50% )
Revenue Correlation: -99.98 | Revenue CAGR: -18.04% | SUE: N/A | # QB: 0