(FSK) FS KKR Capital - Ratings and Ratios
Senior Secured Debt, Subordinated Debt, Equity Warrants, Mezzanine Loans
FSK EPS (Earnings per Share)
FSK Revenue
Description: FSK FS KKR Capital November 06, 2025
FS KKR Capital Corp. (NYSE: FSK) is a Business Development Company that focuses on providing bespoke credit solutions to U.S. middle-market companies. It primarily acquires senior secured debt-often first-lien loans-through secondary-market purchases or direct primary issuances, and to a lesser extent takes subordinated or mezzanine debt, sometimes accompanied by equity kickers such as warrants. The firm also makes minority equity investments when paired with debt deals or co-invested with sponsors, and it may opportunistically buy corporate bonds. Its target universe consists of privately held firms with revenues of $10 million to $2.5 billion and EBITDA of $50 million–$100 million; it avoids startups, turnarounds, or speculative businesses. Exits are pursued via OTC secondary sales, repayments, IPOs, mergers, sales, or recapitalizations.
As of FY 2023, FSK reported a net asset value (NAV) of roughly $1.2 billion and delivered an annualized distribution yield near 8.5%, reflecting its high-yield, senior-secured loan focus. The portfolio is about 85 % senior secured loans with an average loan-to-value ratio of 70 % and a weighted-average maturity of 5 years, positioning the BDC to benefit from a low-default environment in the U.S. middle market. Key economic drivers include the prevailing interest-rate spread (which supports loan pricing), corporate cash-flow health in the $10 M–$2.5 B revenue segment, and the continued demand for non-bank financing amid tighter bank lending standards.
For a deeper dive into FSK’s risk-adjusted return profile and how its credit exposure stacks up against sector benchmarks, you may find ValueRay’s analytics platform a useful next step.
FSK Stock Overview
| Market Cap in USD | 4,226m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2014-04-16 |
FSK Stock Ratings
| Growth Rating | 15.6% |
| Fundamental | 54.0% |
| Dividend Rating | 74.9% |
| Return 12m vs S&P 500 | -26.6% |
| Analyst Rating | 3.0 of 5 |
FSK Dividends
| Dividend Yield 12m | 23.01% |
| Yield on Cost 5y | 43.53% |
| Annual Growth 5y | 3.17% |
| Payout Consistency | 94.9% |
| Payout Ratio | 146.6% |
FSK Growth Ratios
| Growth Correlation 3m | -74.9% |
| Growth Correlation 12m | -45% |
| Growth Correlation 5y | 91.7% |
| CAGR 5y | 7.63% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.22 |
| CAGR/Mean DD 3y (Pain Ratio) | 1.42 |
| Sharpe Ratio 12m | -0.17 |
| Alpha | -31.30 |
| Beta | 0.981 |
| Volatility | 19.21% |
| Current Volume | 5301.7k |
| Average Volume 20d | 2332.4k |
| Stop Loss | 14.7 (-3.4%) |
| Signal | -0.25 |
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (218.0m TTM) > 0 and > 6% of Revenue (6% = 65.1m TTM) |
| FCFTA 0.05 (>2.0%) and ΔFCFTA -2.93pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 12.35% (prev 48.50%; Δ -36.15pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.05 (>3.0%) and CFO 749.0m > Net Income 218.0m (YES >=105%, WARN >=100%) |
| Net Debt (-244.0m) to EBITDA (445.0m) ratio: -0.55 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.22 (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 60.46% (prev 66.40%; Δ -5.94pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 7.31% (prev 9.03%; Δ -1.72pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.92 (EBITDA TTM 445.0m / Interest Expense TTM 462.0m) >= 6 (WARN >= 3) |
Altman Z'' -0.84
| (A) 0.01 = (Total Current Assets 244.0m - Total Current Liabilities 110.0m) / Total Assets 14.59b |
| (B) -0.22 = Retained Earnings (Balance) -3.14b / Total Assets 14.59b |
| (C) 0.03 = EBIT TTM 425.0m / Avg Total Assets 14.85b |
| (D) -0.37 = Book Value of Equity -3.12b / Total Liabilities 8.45b |
| Total Rating: -0.84 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 54.04
| 1. Piotroski 5.0pt = 0.0 |
| 2. FCF Yield 6.61% = 3.30 |
| 3. FCF Margin 69.03% = 7.50 |
| 4. Debt/Equity 1.20 = 1.83 |
| 5. Debt/Ebitda -0.55 = 2.50 |
| 6. ROIC - WACC (= -1.53)% = -1.91 |
| 7. RoE 3.36% = 0.28 |
| 8. Rev. Trend -81.29% = -6.10 |
| 9. EPS Trend -67.17% = -3.36 |
What is the price of FSK shares?
Over the past week, the price has changed by +1.00%, over one month by +3.61%, over three months by -21.61% and over the past year by -15.75%.
Is FS KKR Capital a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FSK is around 16.82 USD . This means that FSK is currently undervalued and has a potential upside of +10.59% (Margin of Safety).
Is FSK a buy, sell or hold?
- 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 | 18.2 | 19.3% |
| Analysts Target Price | 18.2 | 19.3% |
| ValueRay Target Price | 18.1 | 19% |
FSK Fundamental Data Overview November 04, 2025
P/E Trailing = 19.3462
P/E Forward = 7.0175
P/S = 2.5676
P/B = 0.6978
Beta = 0.981
Revenue TTM = 1.08b USD
EBIT TTM = 425.0m USD
EBITDA TTM = 445.0m USD
Long Term Debt = 7.35b USD (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = 7.35b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -244.0m USD (from netDebt column, last quarter)
Enterprise Value = 11.33b USD (4.23b + Debt 7.35b - CCE 244.0m)
Interest Coverage Ratio = 0.92 (Ebit TTM 425.0m / Interest Expense TTM 462.0m)
FCF Yield = 6.61% (FCF TTM 749.0m / Enterprise Value 11.33b)
FCF Margin = 69.03% (FCF TTM 749.0m / Revenue TTM 1.08b)
Net Margin = 20.09% (Net Income TTM 218.0m / Revenue TTM 1.08b)
Gross Margin = 60.46% ((Revenue TTM 1.08b - Cost of Revenue TTM 429.0m) / Revenue TTM)
Gross Margin QoQ = 64.62% (prev 55.37%)
Tobins Q-Ratio = 0.78 (Enterprise Value 11.33b / Total Assets 14.59b)
Interest Expense / Debt = 1.70% (Interest Expense 125.0m / Debt 7.35b)
Taxrate = -5.56% (negative due to tax credits) (11.0m / -198.0m)
NOPAT = 448.6m (EBIT 425.0m * (1 - -5.56%)) [negative tax rate / tax credits]
Current Ratio = 2.22 (Total Current Assets 244.0m / Total Current Liabilities 110.0m)
Debt / Equity = 1.20 (Debt 7.35b / totalStockholderEquity, last quarter 6.14b)
Debt / EBITDA = -0.55 (Net Debt -244.0m / EBITDA 445.0m)
Debt / FCF = -0.33 (Net Debt -244.0m / FCF TTM 749.0m)
Total Stockholder Equity = 6.50b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.49% (Net Income 218.0m / Total Assets 14.59b)
RoE = 3.36% (Net Income TTM 218.0m / Total Stockholder Equity 6.50b)
RoCE = 3.07% (EBIT 425.0m / Capital Employed (Equity 6.50b + L.T.Debt 7.35b))
RoIC = 3.13% (NOPAT 448.6m / Invested Capital 14.35b)
WACC = 4.66% (E(4.23b)/V(11.58b) * Re(9.63%) + D(7.35b)/V(11.58b) * Rd(1.70%) * (1-Tc(-0.06)))
Discount Rate = 9.63% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.00%
[DCF Debug] Terminal Value 63.90% ; FCFE base≈936.6m ; Y1≈621.3m ; Y5≈290.0m
Fair Price DCF = 15.90 (DCF Value 4.45b / Shares Outstanding 280.1m; 5y FCF grow -39.25% → 3.0% )
EPS Correlation: -67.17 | EPS CAGR: -59.33% | SUE: -4.0 | # QB: 0
Revenue Correlation: -81.29 | Revenue CAGR: -19.74% | SUE: -0.56 | # QB: 0
Additional Sources for FSK Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle