SIXTH STREET SPECIALTY LENDI (TSLX) Fundamental Analysis & Valuation
NYSE:TSLX • US83012A1097
18.33 USD
-0.12 (-0.65%)
At close: Mar 6, 2026
18.34 USD
+0.01 (+0.05%)
After Hours: 3/6/2026, 8:04:00 PM
This TSLX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall TSLX gets a fundamental rating of 5 out of 10. We evaluated TSLX against 238 industry peers in the Capital Markets industry. TSLX has an average financial health and profitability rating. TSLX is valued correctly, but it does not seem to be growing.
1. TSLX Profitability Analysis
1.1 Basic Checks
- In the past year TSLX was profitable.
- 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.
1.2 Ratios
- With a decent Return On Assets value of 4.98%, TSLX is doing good in the industry, outperforming 67.65% of the companies in the same industry.
- The Return On Equity of TSLX (10.61%) is better than 61.34% of its industry peers.
- The Return On Invested Capital of TSLX (5.43%) is better than 70.59% of its industry peers.
- TSLX had an Average Return On Invested Capital over the past 3 years of 5.57%. This is in line with the industry average of 7.26%.
| Industry Rank | Sector 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%
1.3 Margins
- TSLX has a better Profit Margin (37.97%) than 83.19% of its industry peers.
- In the last couple of years the Profit Margin of TSLX has declined.
- With an excellent Operating Margin value of 52.00%, TSLX belongs to the best of the industry, outperforming 90.76% of the companies in the same industry.
- 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 63.45% of the companies in the same industry.
- TSLX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector 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%
2. TSLX Health Analysis
2.1 Basic Checks
- TSLX has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for TSLX has been increased compared to 5 years ago.
- Compared to 1 year ago, TSLX has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.98, we must say that TSLX is in the distress zone and has some risk of bankruptcy.
- TSLX has a Altman-Z score (0.98) which is in line with its industry peers.
- The Debt to FCF ratio of TSLX is 4.34, which is a neutral value as it means it would take TSLX, 4.34 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of TSLX (4.34) is better than 72.69% 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.
- With a Debt to Equity ratio value of 1.08, TSLX perfoms like the industry average, outperforming 46.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | 4.34 | ||
| Altman-Z | 0.98 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 2.19 indicates that TSLX has no problem at all paying its short term obligations.
- With a decent Current ratio value of 2.19, TSLX is doing good in the industry, outperforming 74.79% 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.
- The Quick ratio of TSLX (2.19) is better than 75.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.19 | ||
| Quick Ratio | 2.19 |
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.
- TSLX shows a decrease in Revenue. In the last year, the revenue decreased by -6.94%.
- The Revenue has been growing by 10.71% on average over the past years. This is quite good.
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
- The Earnings Per Share is expected to decrease by -4.97% on average over the next years.
- Based on estimates for the next years, TSLX will show a decrease in Revenue. The Revenue will decrease by -2.15% on average per year.
EPS Next Y-5.72%
EPS Next 2Y-4.97%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.53%
Revenue Next 2Y-2.15%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. TSLX Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 8.41, the valuation of TSLX can be described as very reasonable.
- TSLX's Price/Earnings ratio is a bit cheaper when compared to the industry. TSLX is cheaper than 71.43% of the companies in the same industry.
- TSLX is valuated cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 8.92, the valuation of TSLX can be described as reasonable.
- Based on the Price/Forward Earnings ratio, TSLX is valued a bit cheaper than the industry average as 75.21% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 24.57. TSLX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.41 | ||
| Fwd PE | 8.92 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, TSLX is valued cheaply inside the industry as 87.82% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.31 | ||
| EV/EBITDA | N/A |
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 -4.97% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.97%
EPS Next 3YN/A
5. TSLX Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 10.10%, TSLX is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 6.33, TSLX pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, TSLX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.1% |
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
5.3 Sustainability
- 99.89% of the earnings are spent on dividend by TSLX. This is not a sustainable payout ratio.
- TSLX's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP99.89%
EPS Next 2Y-4.97%
EPS Next 3YN/A
TSLX Fundamentals: All Metrics, Ratios and Statistics
18.33
-0.12 (-0.65%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12 2026-02-12/amc
Earnings (Next)04-28 2026-04-28
Inst Owners53.57%
Inst Owner Change8.41%
Ins Owners0.36%
Ins Owner Change2.93%
Market Cap1.73B
Revenue(TTM)449.06M
Net Income(TTM)170.52M
Analysts81.18
Price Target23.21 (26.62%)
Short Float %5.13%
Short Ratio5.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.1% |
Yearly Dividend1.81
Dividend Growth(5Y)-1.43%
DP99.89%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-16 2026-03-16 (0.46)
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)-4.12%
EPS NQ rev (1m)-0.59%
EPS NQ rev (3m)-0.47%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.88%
Revenue NQ rev (1m)-1.88%
Revenue NQ rev (3m)-2.58%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)-0.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.41 | ||
| Fwd PE | 8.92 | ||
| P/S | 3.86 | ||
| P/FCF | 4.31 | ||
| P/OCF | 4.31 | ||
| P/B | 1.08 | ||
| P/tB | 1.08 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.18
EY11.89%
EPS(NY)2.06
Fwd EY11.21%
FCF(TTM)4.25
FCFY23.19%
OCF(TTM)4.25
OCFY23.19%
SpS4.75
BVpS17.01
TBVpS17.01
PEG (NY)N/A
PEG (5Y)N/A
Graham Number28.89
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.98 |
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-5.72%
EPS Next 2Y-4.97%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-6.94%
Revenue growth 3Y13.23%
Revenue growth 5Y10.71%
Sales Q2Q%-12.49%
Revenue Next Year-4.53%
Revenue Next 2Y-2.15%
Revenue Next 3YN/A
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 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 8.41 and the Price/Book (PB) ratio is 1.08.
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 -5.72% in the next year.