SIXTH STREET SPECIALTY LENDI (TSLX) Fundamental Analysis & Valuation

NYSE:TSLX • US83012A1097

Current stock price

17.75 USD
-0.42 (-2.31%)
At close:
18 USD
+0.25 (+1.41%)
Pre-Market:

This TSLX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. TSLX Profitability Analysis

1.1 Basic Checks

  • TSLX had positive earnings in the past year.
  • In the past year TSLX had a positive cash flow from operations.
  • In the past 5 years TSLX has always been profitable.
  • The reported operating cash flow has been mixed in the past 5 years: TSLX reported negative operating cash flow in multiple years.
TSLX Yearly Net Income VS EBIT VS OCF VS FCFTSLX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M

1.2 Ratios

  • With a decent Return On Assets value of 4.98%, TSLX is doing good in the industry, outperforming 69.04% of the companies in the same industry.
  • The Return On Equity of TSLX (10.61%) is better than 63.18% of its industry peers.
  • With a decent Return On Invested Capital value of 5.43%, TSLX is doing good in the industry, outperforming 70.29% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for TSLX is in line with the industry average of 7.27%.
Industry RankSector Rank
ROA 4.98%
ROE 10.61%
ROIC 5.43%
ROA(3y)5.61%
ROA(5y)5.79%
ROE(3y)12.35%
ROE(5y)12.34%
ROIC(3y)5.57%
ROIC(5y)5.19%
TSLX Yearly ROA, ROE, ROICTSLX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • TSLX has a Profit Margin of 37.97%. This is amongst the best in the industry. TSLX outperforms 83.68% of its industry peers.
  • TSLX's Profit Margin has declined in the last couple of years.
  • TSLX has a Operating Margin of 52.00%. This is amongst the best in the industry. TSLX outperforms 91.63% of its industry peers.
  • In the last couple of years the Operating Margin of TSLX has declined.
  • Looking at the Gross Margin, with a value of 55.03%, TSLX is in the better half of the industry, outperforming 62.76% of the companies in the same industry.
  • TSLX's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 52%
PM (TTM) 37.97%
GM 55.03%
OM growth 3Y-1.62%
OM growth 5Y-1.68%
PM growth 3Y2.8%
PM growth 5Y-10.46%
GM growth 3Y-2.19%
GM growth 5Y-2.15%
TSLX Yearly Profit, Operating, Gross MarginsTSLX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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5

2. TSLX Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, TSLX has more shares outstanding
  • TSLX has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for TSLX has been reduced compared to a year ago.
TSLX Yearly Shares OutstandingTSLX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
TSLX Yearly Total Debt VS Total AssetsTSLX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • TSLX has an Altman-Z score of 0.96. This is a bad value and indicates that TSLX is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of TSLX (0.96) is comparable to the rest of the industry.
  • TSLX has a debt to FCF ratio of 4.34. This is a neutral value as TSLX would need 4.34 years to pay back of all of its debts.
  • TSLX has a better Debt to FCF ratio (4.34) than 71.55% of its industry peers.
  • TSLX has a Debt/Equity ratio of 1.08. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of TSLX (1.08) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.08
Debt/FCF 4.34
Altman-Z 0.96
ROIC/WACCN/A
WACCN/A
TSLX Yearly LT Debt VS Equity VS FCFTSLX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • TSLX has a Current Ratio of 2.19. This indicates that TSLX is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 2.19, TSLX is in the better half of the industry, outperforming 76.99% of the companies in the same industry.
  • A Quick Ratio of 2.19 indicates that TSLX has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 2.19, TSLX is in the better half of the industry, outperforming 76.99% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.19
Quick Ratio 2.19
TSLX Yearly Current Assets VS Current LiabilitesTSLX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M

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1

3. TSLX Growth Analysis

3.1 Past

  • The earnings per share for TSLX have decreased by -7.63% in the last year.
  • The Earnings Per Share has been decreasing by -0.27% on average over the past years.
  • The Revenue has decreased by -6.94% in the past year.
  • TSLX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.71% yearly.
EPS 1Y (TTM)-7.63%
EPS 3Y2.57%
EPS 5Y-0.27%
EPS Q2Q%-16.39%
Revenue 1Y (TTM)-6.94%
Revenue growth 3Y13.23%
Revenue growth 5Y10.71%
Sales Q2Q%-12.49%

3.2 Future

  • Based on estimates for the next years, TSLX will show a decrease in Earnings Per Share. The EPS will decrease by -6.09% on average per year.
  • The Revenue is expected to decrease by -5.45% on average over the next years.
EPS Next Y-6.68%
EPS Next 2Y-3.91%
EPS Next 3Y-6.09%
EPS Next 5YN/A
Revenue Next Year-5.98%
Revenue Next 2Y-2.11%
Revenue Next 3Y-5.45%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TSLX Yearly Revenue VS EstimatesTSLX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M
TSLX Yearly EPS VS EstimatesTSLX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2

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6

4. TSLX Valuation Analysis

4.1 Price/Earnings Ratio

  • TSLX is valuated reasonably with a Price/Earnings ratio of 8.14.
  • 72.38% of the companies in the same industry are more expensive than TSLX, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of TSLX to the average of the S&P500 Index (25.23), we can say TSLX is valued rather cheaply.
  • The Price/Forward Earnings ratio is 8.73, which indicates a very decent valuation of TSLX.
  • 73.22% of the companies in the same industry are more expensive than TSLX, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 22.42. TSLX is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.14
Fwd PE 8.73
TSLX Price Earnings VS Forward Price EarningsTSLX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, TSLX is valued cheaply inside the industry as 87.45% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 4.19
EV/EBITDA N/A
TSLX Per share dataTSLX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • TSLX has a very decent profitability rating, which may justify a higher PE ratio.
  • TSLX's earnings are expected to decrease with -6.09% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.91%
EPS Next 3Y-6.09%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. TSLX Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 10.13%, TSLX is a good candidate for dividend investing.
  • TSLX's Dividend Yield is a higher than the industry average which is at 6.72.
  • TSLX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 10.13%

5.2 History

  • The dividend of TSLX decreases each year by -1.43%.
  • TSLX has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-1.43%
Div Incr Years0
Div Non Decr Years0
TSLX Yearly Dividends per shareTSLX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • TSLX pays out 99.89% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of TSLX has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP99.89%
EPS Next 2Y-3.91%
EPS Next 3Y-6.09%
TSLX Yearly Income VS Free CF VS DividendTSLX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M
TSLX Dividend Payout.TSLX Dividend Payout, showing the Payout Ratio.TSLX Dividend Payout.PayoutRetained Earnings

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TSLX Fundamentals: All Metrics, Ratios and Statistics

SIXTH STREET SPECIALTY LENDI

NYSE:TSLX (3/20/2026, 8:25:59 PM)

Premarket: 18 +0.25 (+1.41%)

17.75

-0.42 (-2.31%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)04-28
Inst Owners54.73%
Inst Owner Change8.41%
Ins Owners0.37%
Ins Owner Change12.89%
Market Cap1.68B
Revenue(TTM)449.06M
Net Income(TTM)170.52M
Analysts81.18
Price Target23.21 (30.76%)
Short Float %7.1%
Short Ratio6.26
Dividend
Industry RankSector Rank
Dividend Yield 10.13%
Yearly Dividend1.81
Dividend Growth(5Y)-1.43%
DP99.89%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-16
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.49%
Min EPS beat(2)-2.31%
Max EPS beat(2)-0.67%
EPS beat(4)2
Avg EPS beat(4)0.84%
Min EPS beat(4)-2.31%
Max EPS beat(4)3.73%
EPS beat(8)4
Avg EPS beat(8)0.59%
EPS beat(12)8
Avg EPS beat(12)1.57%
EPS beat(16)9
Avg EPS beat(16)0.29%
Revenue beat(2)0
Avg Revenue beat(2)-1.1%
Min Revenue beat(2)-1.62%
Max Revenue beat(2)-0.58%
Revenue beat(4)1
Avg Revenue beat(4)-0.6%
Min Revenue beat(4)-1.99%
Max Revenue beat(4)1.78%
Revenue beat(8)2
Avg Revenue beat(8)-0.48%
Revenue beat(12)5
Avg Revenue beat(12)0.41%
Revenue beat(16)7
Avg Revenue beat(16)-0.18%
PT rev (1m)-3.19%
PT rev (3m)-3.19%
EPS NQ rev (1m)-0.59%
EPS NQ rev (3m)-0.59%
EPS NY rev (1m)-1.03%
EPS NY rev (3m)-1.03%
Revenue NQ rev (1m)-2.07%
Revenue NQ rev (3m)-2.23%
Revenue NY rev (1m)-1.4%
Revenue NY rev (3m)-2.19%
Valuation
Industry RankSector Rank
PE 8.14
Fwd PE 8.73
P/S 3.74
P/FCF 4.19
P/OCF 4.19
P/B 1.05
P/tB 1.05
EV/EBITDA N/A
EPS(TTM)2.18
EY12.28%
EPS(NY)2.03
Fwd EY11.46%
FCF(TTM)4.24
FCFY23.89%
OCF(TTM)4.24
OCFY23.89%
SpS4.74
BVpS16.98
TBVpS16.98
PEG (NY)N/A
PEG (5Y)N/A
Graham Number28.86
Profitability
Industry RankSector Rank
ROA 4.98%
ROE 10.61%
ROCE 6.88%
ROIC 5.43%
ROICexc 5.46%
ROICexgc 5.46%
OM 52%
PM (TTM) 37.97%
GM 55.03%
FCFM 89.43%
ROA(3y)5.61%
ROA(5y)5.79%
ROE(3y)12.35%
ROE(5y)12.34%
ROIC(3y)5.57%
ROIC(5y)5.19%
ROICexc(3y)5.61%
ROICexc(5y)5.23%
ROICexgc(3y)5.61%
ROICexgc(5y)5.23%
ROCE(3y)7.05%
ROCE(5y)6.57%
ROICexgc growth 3Y4.5%
ROICexgc growth 5Y0.62%
ROICexc growth 3Y4.5%
ROICexc growth 5Y0.62%
OM growth 3Y-1.62%
OM growth 5Y-1.68%
PM growth 3Y2.8%
PM growth 5Y-10.46%
GM growth 3Y-2.19%
GM growth 5Y-2.15%
F-Score6
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 1.08
Debt/FCF 4.34
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 1.95
Cash Conversion N/A
Profit Quality 235.5%
Current Ratio 2.19
Quick Ratio 2.19
Altman-Z 0.96
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.63%
EPS 3Y2.57%
EPS 5Y-0.27%
EPS Q2Q%-16.39%
EPS Next Y-6.68%
EPS Next 2Y-3.91%
EPS Next 3Y-6.09%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.94%
Revenue growth 3Y13.23%
Revenue growth 5Y10.71%
Sales Q2Q%-12.49%
Revenue Next Year-5.98%
Revenue Next 2Y-2.11%
Revenue Next 3Y-5.45%
Revenue Next 5YN/A
EBIT growth 1Y-7.44%
EBIT growth 3Y11.4%
EBIT growth 5Y8.85%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y982.76%
FCF growth 3YN/A
FCF growth 5Y22.58%
OCF growth 1Y982.76%
OCF growth 3YN/A
OCF growth 5Y22.58%

SIXTH STREET SPECIALTY LENDI / TSLX Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for SIXTH STREET SPECIALTY LENDI?

ChartMill assigns a fundamental rating of 5 / 10 to TSLX.


What is the valuation status for TSLX stock?

ChartMill assigns a valuation rating of 6 / 10 to SIXTH STREET SPECIALTY LENDI (TSLX). This can be considered as Fairly Valued.


What is the profitability of TSLX stock?

SIXTH STREET SPECIALTY LENDI (TSLX) has a profitability rating of 6 / 10.


What is the valuation of SIXTH STREET SPECIALTY LENDI based on its PE and PB ratios?

The Price/Earnings (PE) ratio for SIXTH STREET SPECIALTY LENDI (TSLX) is 8.14 and the Price/Book (PB) ratio is 1.05.


What is the earnings growth outlook for SIXTH STREET SPECIALTY LENDI?

The Earnings per Share (EPS) of SIXTH STREET SPECIALTY LENDI (TSLX) is expected to decline by -6.68% in the next year.