(TSLX) Sixth Street Specialty - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 1.680m USD | Total Return: -12.8% in 12m
Senior Secured Loans, Mezzanine Debt, Equity Securities, Corporate Bonds
Total Rating 17
Safety 34
Buy Signal -1.19
Asset Management
Industry Rotation: +5.0
Industry Rotation: +5.0
Market Cap:
1.68B
Avg Turnover: 10.5M
Avg Turnover: 10.5M
Risk 3d forecast
Volatility39.4%
VaR 5th Pctl6.95%
VaR vs Median7.24%
Reward TTM
Sharpe Ratio-0.63
Rel. Str. IBD18.6
Rel. Str. Peer Group22
Character TTM
Beta0.531
Beta Downside0.596
Hurst Exponent0.551
Drawdowns 3y
Max DD27.94%
CAGR/Max DD0.37
CAGR/Mean DD2.02
EPS (Earnings per Share)
EPS CAGR: 0.00%
EPS Trend: 10.7%
EPS Trend: 10.7%
Last SUE: -2.09
Qual. Beats: -1
Qual. Beats: -1
Revenue
Rev. CAGR: 126.25%
Rev. Trend: 41.7%
Rev. Trend: 41.7%
Last SUE: -1.33
Qual. Beats: -2
Qual. Beats: -2
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Description: TSLX Sixth Street Specialty
Sixth Street Specialty Lending, Inc. (TSLX) is a business development company (BDC) that provides customized financing solutions to middle-market companies primarily located in the United States. The firm focuses on senior secured loans, including first-lien, second-lien, and unitranche structures, while also investing in mezzanine debt, corporate bonds, and equity securities. Its investment strategy targets companies with enterprise values ranging from $50 million to over $1,000 million across diverse sectors such as software, healthcare, and business services.
As a BDC, the company is structured to pay out at least 90% of its taxable income to shareholders as dividends, a regulatory requirement that often results in higher yields compared to traditional asset managers. The firm typically serves as a lead or sole investor, allowing for greater control over loan documentation and restructuring processes if necessary. For a deeper look into these financial metrics, ValueRay offers additional data points for your analysis. Middle-market lending has become a critical source of capital as traditional banks have tightened credit standards following increased regulatory oversight.
- Floating rate loan portfolio benefits from sustained high interest rate environment
- First-lien senior secured focus mitigates credit losses during economic volatility
- Middle market deal flow volume dictates deployment and net investment income
- Asset sensitivity profile creates earnings pressure if Federal Reserve cuts rates
- Portfolio concentration in software and business services drives stable recurring revenue
Piotroski VR‑10 (Strict)
2.0
| Net Income: 107.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -5.67 > 1.0 |
| NWC/Revenue: 18.8k% < 20% (prev -4.16%; Δ 18.8k% < -1%) |
| CFO/TA 0.00 > 3% & CFO 144.1m > Net Income 107.5m |
| Current Ratio: 2.42k > 1.5 & < 3 |
| Outstanding Shares: last quarter (94.7m) vs 12m ago 1.11% < -2% |
| Gross Margin: 72.98% > 18% (prev 0.69%; Δ 7.23k% > 0.5%) |
| Asset Turnover: 0.02% > 50% (prev 9.83%; Δ -9.81% > 0%) |
| Interest Coverage Ratio: 1.41 > 6 (EBITDA TTM 194.1m / Interest Expense TTM 104.9m) |
Altman Z''
0.12
| A: 0.02 (Total Current Assets 63.73b - Total Current Liabilities 26.3m) / Total Assets 3393.15b |
| B: 0.00 (Retained Earnings 11.1m / Total Assets 3393.15b) |
| C: 0.00 (EBIT TTM 147.9m / Avg Total Assets 1698.32b) |
| D: 0.00 (Book Value of Equity 968.1m / Total Liabilities 1850.48b) |
| Altman-Z'' Score: 0.12 = B |
What is the price of TSLX shares?
As of May 17, 2026, the stock is trading at USD 17.73 with a total of 663,413 shares traded.
Over the past week, the price has changed by -1.17%, over one month by -7.66%, over three months by -3.55% and over the past year by -12.83%.
Over the past week, the price has changed by -1.17%, over one month by -7.66%, over three months by -3.55% and over the past year by -12.83%.
Is TSLX a buy, sell or hold?
Sixth Street Specialty has received a consensus analysts rating of 4.36.
Therefore, it is recommended to buy TSLX.
- StrongBuy: 5
- Buy: 5
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the TSLX price?
| Analysts Target Price | 20.1 | 13.4% |
Sixth Street Specialty (TSLX) - Fundamental Data Overview
as of 16 May 2026
P/E Trailing = 15.3739 P/E Forward = 12.0048
P/S = 3.9426
P/B = 1.105
P/EG = 1.2751
Revenue TTM = 338.2m USD
EBIT TTM = 147.9m USD
EBITDA TTM = 194.1m USD
Long Term Debt = 1.80b USD (estimated: total debt 1.80b - short term 300k)
Short Term Debt = 300k USD (from shortTermDebt, last quarter)
Debt = 1.80b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -27.37b USD (from netDebt column, last quarter)
Enterprise Value = 1.68b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 1.41 (Ebit TTM 147.9m / Interest Expense TTM 104.9m)
EV/FCF = 11.66x (Enterprise Value 1.68b / FCF TTM 144.1m)
FCF Yield = 8.58% (FCF TTM 144.1m / Enterprise Value 1.68b)
FCF Margin = 42.61% (FCF TTM 144.1m / Revenue TTM 338.2m)
Net Margin = 31.80% (Net Income TTM 107.5m / Revenue TTM 338.2m)
Gross Margin = 72.98% ((Revenue TTM 338.2m - Cost of Revenue TTM 91.4m) / Revenue TTM)
Gross Margin QoQ = 60.42% (prev 76.83%)
Tobins Q-Ratio = 0.00 (Enterprise Value 1.68b / Total Assets 3393.15b)
Interest Expense / Debt = 1.47% (Interest Expense 26.5m / Debt 1.80b)
Taxrate = 3.26% (5.74m / 176.3m)
NOPAT = 143.1m (EBIT 147.9m * (1 - 3.26%))
Current Ratio = 2.42k (out of range, set to none) (Total Current Assets 63.73b / Total Current Liabilities 26.3m)
Debt / Equity = 0.00 (Debt 1.80b / totalStockholderEquity, last quarter 1542.67b)
Debt / EBITDA = -141.0 (out of range, set to none) (Net Debt -27.37b / EBITDA 194.1m)
Debt / FCF = -190.0 (out of range, set to none) (Net Debt -27.37b / FCF TTM 144.1m)
Total Stockholder Equity = 386.88b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.01% (Net Income 107.5m / Total Assets 3393.15b)
RoE = 0.03% (Net Income TTM 107.5m / Total Stockholder Equity 386.88b)
RoCE = 0.04% (EBIT 147.9m / Capital Employed (Equity 386.88b + L.T.Debt 1.80b))
RoIC = 4.23% (NOPAT 143.1m / Invested Capital 3.38b)
WACC = 4.52% (E(1.68b)/V(3.48b) * Re(7.85%) + D(1.80b)/V(3.48b) * Rd(1.47%) * (1-Tc(0.03)))
Discount Rate = 7.85% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 91.11 | Cagr: 3.41%
[DCF] Terminal Value 80.82% ; FCFF base≈165.9m ; Y1≈108.9m ; Y5≈49.8m
[DCF] Fair Price = 304.7 (EV 1.58b - Net Debt -27.37b = Equity 28.96b / Shares 95.0m; r=6.0% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 10.72 | EPS CAGR: 0.0% | SUE: -2.09 | # QB: -1
Revenue Correlation: 41.71 | Revenue CAGR: 126.3% | SUE: -1.33 | # QB: -2
EPS current Quarter (2026-06-30): EPS=0.42 | Chg30d=-14.51% | Revisions=-33% | Analysts=9
EPS next Quarter (2026-09-30): EPS=0.43 | Chg30d=-12.76% | Revisions=-33% | Analysts=9
EPS current Year (2026-12-31): EPS=1.71 | Chg30d=-13.37% | Revisions=-25% | GrowthEPS=-26.5% | GrowthRev=-14.5%
EPS next Year (2027-12-31): EPS=1.81 | Chg30d=-7.05% | Revisions=-25% | GrowthEPS=+5.7% | GrowthRev=+5.2%
[Analyst] Revisions Ratio: -33%