(OBDC) Blue Owl Capital - Ratings and Ratios
Senior Secured Loans, Mezzanine Debt, Preferred Equity, Unitranche, Equity Warrants
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 12.26% |
| Yield on Cost 5y | 20.20% |
| Yield CAGR 5y | 14.24% |
| Payout Consistency | 100.0% |
| Payout Ratio | 46.1% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 18.5% |
| Value at Risk 5%th | 30.5% |
| Relative Tail Risk | 0.17% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.21 |
| Alpha | -16.83 |
| CAGR/Max DD | 0.66 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.640 |
| Beta | 0.805 |
| Beta Downside | 0.903 |
| Drawdowns 3y | |
|---|---|
| Max DD | 19.83% |
| Mean DD | 4.41% |
| Median DD | 3.65% |
Description: OBDC Blue Owl Capital November 04, 2025
Blue Owl Capital Corporation (NYSE: OBDC) operates as a Business Development Company (BDC) that focuses on direct and fund-of-fund investments across the private credit and private equity spectrum. Its credit strategy includes senior secured, first-lien, unitranche, and second-lien term loans, as well as unsecured, subordinated, and mezzanine debt, while its equity side encompasses warrants, preferred stock, and common equity positions.
Within private equity, Blue Owl targets growth-stage and acquisition-driven opportunities, emphasizing market or product expansion, refinancing, and recapitalization transactions. The firm concentrates on middle-market and upper-middle-market U.S. companies with EBITDA ranging from $10 million to $250 million (or revenue between $50 million and $2.5 billion) at the time of investment.
Typical investment sizes are $20 million to $250 million, with maturities of three to ten years, allowing the BDC to balance yield generation with manageable credit risk.
**Key industry context:** The private credit market has expanded to roughly $1.5 trillion in the United States, driven by banks’ de-leveraging and heightened demand for flexible financing solutions. Rising interest rates have compressed traditional loan spreads, making senior secured and unitranche structures more attractive for yield-seeking investors.
**Recent performance metrics:** As of the latest filing, Blue Owl reported assets under management of approximately $12.4 billion, a net asset value (NAV) growth of 8 % year-over-year, and a portfolio weighted average credit rating of B-, reflecting a disciplined risk profile amid a tightening monetary environment.
**Economic driver to watch:** Corporate cash-flow resilience in the middle-market segment remains a critical determinant of default rates; a slowdown in U.S. consumer spending could pressure EBITDA targets and affect loan performance.
For a deeper quantitative look at OBDC’s risk-adjusted returns, you might explore the analytics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (663.2m TTM) > 0 and > 6% of Revenue (6% = 76.3m TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA 6.63pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 17.50% (prev 39.12%; Δ -21.62pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.06 (>3.0%) and CFO 1.01b > Net Income 663.2m (YES >=105%, WARN >=100%) |
| Net Debt (9.25b) to EBITDA (675.5m) ratio: 13.70 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.12 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (511.0m) change vs 12m ago 30.97% (target <= -2.0% for YES) |
| Gross Margin 58.40% (prev 61.83%; Δ -3.43pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 8.02% (prev 8.06%; Δ -0.04pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -0.50 (EBITDA TTM 675.5m / Interest Expense TTM 528.8m) >= 6 (WARN >= 3) |
Altman Z'' -0.05
| (A) 0.01 = (Total Current Assets 421.5m - Total Current Liabilities 199.1m) / Total Assets 17.61b |
| (B) -0.00 = Retained Earnings (Balance) -67.0m / Total Assets 17.61b |
| (C) -0.02 = EBIT TTM -262.3m / Avg Total Assets 15.85b |
| (D) -0.01 = Book Value of Equity -61.8m / Total Liabilities 9.99b |
| Total Rating: -0.05 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 58.81
| 1. Piotroski 5.0pt |
| 2. FCF Yield 6.47% |
| 3. FCF Margin 79.21% |
| 4. Debt/Equity 1.25 |
| 5. Debt/Ebitda 13.70 |
| 6. ROIC - WACC (= -5.98)% |
| 7. RoE 9.15% |
| 8. Rev. Trend 45.38% |
| 9. EPS Trend 42.30% |
What is the price of OBDC shares?
Over the past week, the price has changed by +9.14%, over one month by -0.53%, over three months by -4.80% and over the past year by -3.07%.
Is OBDC a buy, sell or hold?
- Strong Buy: 7
- Buy: 2
- Hold: 3
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the OBDC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 14.7 | 12% |
| Analysts Target Price | 14.7 | 12% |
| ValueRay Target Price | 15.6 | 18.5% |
OBDC Fundamental Data Overview November 25, 2025
P/E Trailing = 8.7518
P/E Forward = 8.8106
P/S = 3.5075
P/B = 0.8286
Beta = 0.675
Revenue TTM = 1.27b USD
EBIT TTM = -262.3m USD
EBITDA TTM = 675.5m USD
Long Term Debt = unknown (none)
Short Term Debt = 499.9m USD (from shortTermDebt, two quarters ago)
Debt = 9.53b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 9.25b USD (from netDebt column, last quarter)
Enterprise Value = 15.56b USD (6.31b + Debt 9.53b - CCE 274.3m)
Interest Coverage Ratio = -0.50 (Ebit TTM -262.3m / Interest Expense TTM 528.8m)
FCF Yield = 6.47% (FCF TTM 1.01b / Enterprise Value 15.56b)
FCF Margin = 79.21% (FCF TTM 1.01b / Revenue TTM 1.27b)
Net Margin = 52.17% (Net Income TTM 663.2m / Revenue TTM 1.27b)
Gross Margin = 58.40% ((Revenue TTM 1.27b - Cost of Revenue TTM 528.8m) / Revenue TTM)
Gross Margin QoQ = 51.96% (prev 53.19%)
Tobins Q-Ratio = 0.88 (Enterprise Value 15.56b / Total Assets 17.61b)
Interest Expense / Debt = 1.47% (Interest Expense 140.2m / Debt 9.53b)
Taxrate = 3.45% (4.58m / 132.8m)
NOPAT = -253.3m (EBIT -262.3m * (1 - 3.45%)) [loss with tax shield]
Current Ratio = 2.12 (Total Current Assets 421.5m / Total Current Liabilities 199.1m)
Debt / Equity = 1.25 (Debt 9.53b / totalStockholderEquity, last quarter 7.61b)
Debt / EBITDA = 13.70 (Net Debt 9.25b / EBITDA 675.5m)
Debt / FCF = 9.19 (Net Debt 9.25b / FCF TTM 1.01b)
Total Stockholder Equity = 7.25b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.77% (Net Income 663.2m / Total Assets 17.61b)
RoE = 9.15% (Net Income TTM 663.2m / Total Stockholder Equity 7.25b)
RoCE = -1.51% (EBIT -262.3m / Capital Employed (Total Assets 17.61b - Current Liab 199.1m))
RoIC = -1.55% (negative operating profit) (NOPAT -253.3m / Invested Capital 16.34b)
WACC = 4.43% (E(6.31b)/V(15.83b) * Re(8.98%) + D(9.53b)/V(15.83b) * Rd(1.47%) * (1-Tc(0.03)))
Discount Rate = 8.98% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 14.46%
[DCF Debug] Terminal Value 66.33% ; FCFE base≈1.01b ; Y1≈661.1m ; Y5≈302.3m
Fair Price DCF = 9.99 (DCF Value 5.11b / Shares Outstanding 511.0m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 42.30 | EPS CAGR: 1.63% | SUE: -1.66 | # QB: 0
Revenue Correlation: 45.38 | Revenue CAGR: 5.14% | SUE: -0.97 | # QB: 0
Additional Sources for OBDC Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle