Overview Dividends

(OBDC) Blue Owl Capital - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US69121K1043

Senior Loans, Mezzanine, Preferred Equity, Unitranche, Second Lien

Asset Management & Custody Banks
Market Cap in USD: 6,598m

IPO / Inception: 2019-07-18
Return 12m vs S&P 500: -20.9%

EPS (Earnings per Share)

EPS CAGR: 1.63%
EPS Trend: 42.3%

Last SUE: -1.66
Qual. Beats: 0

Revenue

Rev. CAGR: 5.14%
Rev. Trend: 44.5%

Last SUE: -0.97
Qual. Beats: 0

Dividends

Dividend Yield	15.24%
Yield on Cost 5y	25.20%
Yield CAGR 5y	14.24%
Payout Consistency	100.0%
Payout Ratio	67.6%

Risk via 5d forecast
Volatility	17.2%
Value at Risk 5%th	28.2%
Relative Tail Risk	0.10%

Reward TTM
Sharpe Ratio	-0.38
Alpha	-21.09
CAGR/Max DD	0.72

Character TTM
Hurst Exponent	0.594
Beta	0.808
Beta Downside	0.921

Drawdowns 3y
Max DD	19.83%
Mean DD	4.46%
Median DD	3.64%

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

(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) 58.57

1. Piotroski 5.0pt

2. FCF Yield 6.35%

3. FCF Margin 79.21%

4. Debt/Equity 1.25

5. Debt/Ebitda 13.70

6. ROIC - WACC (= -6.07)%

7. RoE 9.15%

8. Rev. Trend 44.47%

9. EPS Trend 42.30%

What is the price of OBDC shares?

As of December 23, 2025, the stock is trading at USD 12.66 with a total of 5,564,976 shares traded.
Over the past week, the price has changed by -2.69%, over one month by +0.08%, over three months by -4.30% and over the past year by -7.82%.

Is OBDC a buy, sell or hold?

Blue Owl Capital has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy OBDC.

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	14.5	14.5%
Analysts Target Price	14.5	14.5%
ValueRay Target Price	16	26.7%

OBDC Fundamental Data Overview December 19, 2025

Market Cap USD = 6.60b (6.60b USD * 1.0 USD.USD)
P/E Trailing = 9.156
P/E Forward = 9.3545
P/S = 3.6695
P/B = 0.8668
Beta = 0.673
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 = 15.85b USD (6.60b + Debt 9.53b - CCE 274.3m)
Interest Coverage Ratio = -0.50 (Ebit TTM -262.3m / Interest Expense TTM 528.8m)
FCF Yield = 6.35% (FCF TTM 1.01b / Enterprise Value 15.85b)
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 = 0.90 (Enterprise Value 15.85b / 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 = 4.52% (E(6.60b)/V(16.13b) * Re(8.99%) + D(9.53b)/V(16.13b) * Rd(1.47%) * (1-Tc(0.03)))
Discount Rate = 8.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 14.46%
[DCF Debug] Terminal Value 66.29% ; FCFE base≈1.01b ; Y1≈661.1m ; Y5≈302.3m
Fair Price DCF = 9.98 (DCF Value 5.10b / 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: 44.47 | Revenue CAGR: 5.14% | SUE: -0.97 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.37 | Chg30d=-0.013 | Revisions Net=-6 | Analysts=12
EPS next Year (2026-12-31): EPS=1.43 | Chg30d=-0.056 | Revisions Net=-9 | Growth EPS=-7.9% | Growth Revenue=-2.6%

Additional Sources for OBDC Stock

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