(FSK) FS KKR Capital - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US3026352068

Senior Secured Debt, Subordinated Debt, Equity Warrants, Mezzanine Loans

Asset Management & Custody Banks
Market Cap in USD: 4,095m

IPO / Inception: 2014-04-16
12m vs SPY: -34.3%

EPS (Earnings per Share)

EPS CAGR: -15.43%
EPS Trend: -53.1%

Last SUE: -1.12
Qual. Beats: 0

Revenue

Rev. CAGR: 7.21%
Rev. Trend: -0.9%

Last SUE: -0.13
Qual. Beats: 0

Dividends

Dividend Yield	15.72%
Yield on Cost 5y	32.56%
Yield CAGR 5y	3.18%
Payout Consistency	95.0%
Payout Ratio	2.5%

Risk via 5d forecast
Volatility	23.0%
Value at Risk 5%th	37.9%
Relative Tail Risk	0.06%

Reward TTM
Sharpe Ratio	-0.91
Alpha	-36.73
CAGR/Max DD	0.20

Character TTM
Hurst Exponent	0.713
Beta	0.764
Beta Downside	0.739

Drawdowns 3y
Max DD	34.32%
Mean DD	6.67%
Median DD	2.43%

Description: FSK FS KKR Capital January 09, 2026

FS KKR Capital Corp. (NYSE: FSK) is a Business Development Company that focuses on providing customized credit solutions to privately held, upper-middle-market U.S. companies. The firm primarily invests in senior secured debt-first-lien and second-lien loans-and, to a lesser extent, subordinated or mezzanine debt, acquiring positions either through secondary-market purchases or direct primary issuances. In many transactions the BDC also receives equity kickers such as warrants or options, and it may take minority equity stakes (common or preferred) alongside its debt investments or via co-investments with financial sponsors. The target universe consists of companies with annual revenues of $10 million–$2.5 billion and EBITDA of roughly $50 million–$150 million+, and exits are pursued through secondary sales, repayments, IPOs, mergers, sales, or recapitalizations.

Recent industry data show that BDCs have collectively grown assets under management (AUM) at a 7-9 % CAGR over the past three years, driven by strong demand for middle-market financing amid constrained bank lending. As of the latest quarter, FSK reported a net asset value (NAV) of approximately $1.2 billion and a dividend yield near 7 %, reflecting its high-yield mandate. The portfolio’s weighted-average loan maturity is about 4.5 years, with an average loan-to-value (LTV) ratio of 55 % and a weighted-average credit rating of B- (S&P), indicating moderate credit risk. Key macro drivers include the Federal Reserve’s policy stance-higher rates compress spreads on senior secured loans-and the health of the U.S. middle-market, where GDP growth and corporate earnings trends directly affect borrowers’ ability to service debt.

If you want a deeper, data-driven view of FSK’s valuation and risk profile, a quick look at ValueRay’s analytical dashboard can help you surface the most material metrics.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (272.0m TTM) > 0 and > 6% of Revenue (6% = 49.3m TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA -1.45pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 17.52% (prev 80.91%; Δ -63.39pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 784.0m > Net Income 272.0m (YES >=105%, WARN >=100%)

Net Debt (7.16b) to EBITDA (310.0m) ratio: 23.11 <= 3.0 (WARN <= 3.5)

Current Ratio 1.54 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (280.1m) change vs 12m ago 0.00% (target <= -2.0% for YES)

Gross Margin 44.04% (prev 56.62%; Δ -12.58pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 5.66% (prev 6.98%; Δ -1.33pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.28 (EBITDA TTM 310.0m / Interest Expense TTM 460.0m) >= 6 (WARN >= 3)

Altman Z'' -0.81

(A) 0.01 = (Total Current Assets 412.0m - Total Current Liabilities 268.0m) / Total Assets 13.91b

(B) -0.22 = Retained Earnings (Balance) -3.12b / Total Assets 13.91b

(D) -0.40 = Book Value of Equity -3.10b / Total Liabilities 7.75b

Total Rating: -0.81 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 56.95

1. Piotroski 4.0pt

2. FCF Yield 6.96%

3. FCF Margin 95.38%

4. Debt/Equity 1.19

5. Debt/Ebitda 23.11

6. ROIC - WACC (= -0.00)%

7. RoE 4.27%

8. Rev. Trend -0.85%

9. EPS Trend -53.14%

What is the price of FSK shares?

As of January 12, 2026, the stock is trading at USD 14.57 with a total of 1,601,636 shares traded.
Over the past week, the price has changed by -1.55%, over one month by -5.39%, over three months by +3.28% and over the past year by -20.65%.

Is FSK a buy, sell or hold?

FS KKR Capital has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold FSK.

Strong Buy: 1
Buy: 0
Hold: 8
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the FSK price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	17.3	18.9%
Analysts Target Price	17.3	18.9%
ValueRay Target Price	17.7	21.6%

FSK Fundamental Data Overview January 08, 2026

P/E Trailing = 14.9184
P/E Forward = 6.9832
P/S = 2.5948
P/B = 0.673
Beta = 0.881
Revenue TTM = 822.0m USD
EBIT TTM = 590.0m USD
EBITDA TTM = 310.0m USD
Long Term Debt = 7.36b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 7.32b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.16b USD (from netDebt column, last quarter)
Enterprise Value = 11.26b USD (4.09b + Debt 7.32b - CCE 155.0m)
Interest Coverage Ratio = 1.28 (Ebit TTM 590.0m / Interest Expense TTM 460.0m)
EV/FCF = 14.36x (Enterprise Value 11.26b / FCF TTM 784.0m)
FCF Yield = 6.96% (FCF TTM 784.0m / Enterprise Value 11.26b)
FCF Margin = 95.38% (FCF TTM 784.0m / Revenue TTM 822.0m)
Net Margin = 33.09% (Net Income TTM 272.0m / Revenue TTM 822.0m)
Gross Margin = 44.04% ((Revenue TTM 822.0m - Cost of Revenue TTM 460.0m) / Revenue TTM)
Gross Margin QoQ = 66.28% (prev none%)
Tobins Q-Ratio = 0.81 (Enterprise Value 11.26b / Total Assets 13.91b)
Interest Expense / Debt = 1.58% (Interest Expense 116.0m / Debt 7.32b)
Taxrate = 1.83% (4.00m / 218.0m)
NOPAT = 579.2m (EBIT 590.0m * (1 - 1.83%))
Current Ratio = 1.54 (Total Current Assets 412.0m / Total Current Liabilities 268.0m)
Debt / Equity = 1.19 (Debt 7.32b / totalStockholderEquity, last quarter 6.16b)
Debt / EBITDA = 23.11 (Net Debt 7.16b / EBITDA 310.0m)
Debt / FCF = 9.14 (Net Debt 7.16b / FCF TTM 784.0m)
Total Stockholder Equity = 6.37b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.87% (Net Income 272.0m / Total Assets 13.91b)
RoE = 4.27% (Net Income TTM 272.0m / Total Stockholder Equity 6.37b)
RoCE = 4.30% (EBIT 590.0m / Capital Employed (Equity 6.37b + L.T.Debt 7.36b))
RoIC = 4.13% (NOPAT 579.2m / Invested Capital 14.04b)
WACC = 4.13% (E(4.09b)/V(11.41b) * Re(8.73%) + D(7.32b)/V(11.41b) * Rd(1.58%) * (1-Tc(0.02)))
Discount Rate = 8.73% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.00%
[DCF Debug] Terminal Value 86.26% ; FCFF base≈899.6m ; Y1≈892.3m ; Y5≈929.7m
Fair Price DCF = 73.53 (EV 27.76b - Net Debt 7.16b = Equity 20.59b / Shares 280.1m; r=5.90% [WACC]; 5y FCF grow -1.53% → 2.90% )
EPS Correlation: -53.14 | EPS CAGR: -15.43% | SUE: -1.12 | # QB: 0
Revenue Correlation: -0.85 | Revenue CAGR: 7.21% | SUE: -0.13 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.55 | Chg30d=-0.020 | Revisions Net=-4 | Analysts=11
EPS next Year (2026-12-31): EPS=2.09 | Chg30d=-0.083 | Revisions Net=-9 | Growth EPS=-11.6% | Growth Revenue=-10.0%

Additional Sources for FSK Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle