TSLX - TPG Specialty Lending Inc Stock Price, Fair Value and News

21.68USD+0.55 (+2.60%)Delayed

Market Summary

USD21.68+0.55

Delayed

2.60%

TSLX Stock Price

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TSLX RSI Chart

TSLX Valuation

Market Cap

1.9B

Price/Earnings (Trailing)

8.58

Price/Sales (Trailing)

43.25

EV/EBITDA

11.01

Price/Free Cashflow

-8.04

TSLX Price/Sales (Trailing)

TSLX Profitability

EBT Margin

451.46%

Return on Equity

14.84%

Return on Assets

6.64%

Free Cashflow Yield

-12.44%

TSLX Fundamentals

TSLX Revenue

Revenue (TTM)

44.0M

Rev. Growth (Yr)

4.88%

Rev. Growth (Qtr)

2.69%

TSLX Earnings

Earnings (TTM)

222.0M

Earnings Growth (Yr)

10.59%

Earnings Growth (Qtr)

-21.07%

Breaking Down TSLX Revenue

Last 7 days

3.7%

Last 30 days

2.1%

Last 90 days

-2.6%

How does TSLX drawdown profile look like?

TSLX Financial Health

Debt/Equity

1.19

Debt/Cashflow

-0.13

TSLX Investor Care

Shares Dilution (1Y)

7.91%

Diluted EPS (TTM)

2.61

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q2	Q3	Q4
2023	36.0M	40.5M	44.0M
2022	33.2M	33.3M	33.4M
2021	0	0	33.1M

Get all data in R, Python etc through our Historical Stock Data APIs

Which funds bought or sold TSLX recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Allworth Financial LP	reduced	-36.97	-963	1,608	-%
Apr 25, 2024	SIMPLEX TRADING, LLC	reduced	-55.39	-178,000	141,000	-%
Apr 25, 2024	Bank of New York Mellon Corp	added	9.15	25,810	336,810	-%
Apr 25, 2024	Lindbrook Capital, LLC	unchanged	-	-34.00	4,200	-%
Apr 24, 2024	BROWN ADVISORY INC	reduced	-6.43	-97,384	1,262,120	-%
Apr 24, 2024	FORT WASHINGTON INVESTMENT ADVISORS INC /OH/	unchanged	-	-	5,375,700	0.04%
Apr 24, 2024	Cambridge Investment Research Advisors, Inc.	reduced	-20.55	-57,000	209,000	-%
Apr 23, 2024	Global Retirement Partners, LLC	added	105	19,150	37,653	-%
Apr 23, 2024	NATIONS FINANCIAL GROUP INC, /IA/ /ADV	added	1.6	6,167	777,395	0.06%
Apr 23, 2024	Total Clarity Wealth Management, Inc.	added	4.29	36,673	1,095,030	0.38%

Are Funds Buying or Selling TSLX?

Are funds buying TSLX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TSLX

No. of Funds

Unveiling TPG Specialty Lending Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 08, 2022	strs ohio	577%	334,563	SC 13G/A
Jan 13, 2022	strs ohio	066%	370,355	SC 13G/A
Jan 10, 2022	strs ohio	934%	360,691	SC 13G/A

Recent SEC filings of TPG Specialty Lending Inc

View All Filings

Date Filed	Form Type	Document
Apr 26, 2024	8-K	Current Report
Apr 12, 2024	ARS	ARS
Apr 12, 2024	DEFA14A	DEFA14A
Apr 11, 2024	DEF 14A	DEF 14A
Apr 11, 2024	DEF 14A	DEF 14A
Apr 11, 2024	DEFA14A	DEFA14A
Apr 11, 2024	DEFA14A	DEFA14A
Apr 05, 2024	8-K	Current Report
Mar 22, 2024	PRE 14A	PRE 14A
Mar 15, 2024	40-17G	40-17G

Peers (Alternatives to TPG Specialty Lending Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BLK	113.5B	17.9B	-8.72%	15.04%	20.64	6.36	-0.08%	6.26%
BX	87.5B	8.0B	-6.48%	41.81%	62.9	10.9	-5.81%	-20.41%
BK	43.2B	20.6B	0.65%	36.40%	13.16	2.09	87.93%	27.71%
ARES	41.1B	3.6B	0.22%	60.06%	86.62	11.31	18.87%	183.11%
BEN	13.2B	7.9B	-9.55%	-6.12%	13.59	1.67	-1.81%	-3.56%
MID-CAP
IVZ	6.6B	5.7B	-10.76%	-14.80%	-19.76	1.15	-5.50%	-148.79%
AMG	5.3B	2.1B	-3.65%	13.18%	7.81	2.55	-11.67%	-41.28%
AB	3.9B	-	-3.22%	-3.67%	14.14	-	-	7.16%
CNS	3.5B	489.6M	-7.24%	18.80%	27.01	7.12	-13.63%	-24.55%
APAM	3.4B	1.0B	-7.86%	21.86%	14.61	3.36	6.21%	20.27%
AMK	2.5B	708.5M	-3.75%	9.49%	20.49	3.56	15.83%	19.23%
SMALL-CAP
PX	867.3M	241.7M	-10.86%	-26.04%	-126.03	3.59	21.87%	-123.56%
BSIG	863.5M	426.6M	-0.70%	-	13.12	2.02	2.25%	-34.59%
AINC	16.6M	746.8M	110.87%	-53.81%	-3.6	0.02	15.88%	-226.93%
AC	696.3K	25.3M	-0.86%	-14.47%	0.02	0.03	137.10%	176.58%

TPG Specialty Lending Inc News

Latest updates

TPG Specialty Lending Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)							(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2022Q4	2022Q3	2022Q2	2021Q4
Revenue	2.7%	11.00	11.00	11.00	11.00	8.00	7.00	-
Operating Expenses	0.6%	65.00	64.00	58.00	47.00	40.00	22.00	-
EBITDA Margin	-3.3%	7.55*	7.81*	7.55*	6.94*	6.34*	6.06*	5.49*
Interest Expenses	7.8%	38.00	35.00	32.00	23.00	19.00	12.00	-
Income Taxes	27.7%	1.00	0.00	1.00	1.00	0.00	1.00	-
Earnings Before Taxes	9.5%	55.00	50.00	50.00	54.00	38.00	42.00	-
EBT Margin	-7.4%	4.51*	4.88*	4.85*	5.06*	4.83*	4.82*	4.32*
Net Income	-21.1%	51.00	65.00	53.00	46.00	34.00	-13.52	42.00
Net Income Margin	-6.0%	5.04*	5.37*	4.91*	3.24*	3.11*	6.37*	6.41*
Free Cashflow	-336.9%	-86.87	37.00	-113	54.00	-244	-115	-73.46

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet							(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2021Q4
Assets	5.3%	3,344	3,174	3,141	2,973	2,837	2,860	2,552
Cash Equivalents	-15.7%	25.00	30.00	26.00	26.00	26.00	30.00	16.00
Liabilities	9.4%	1,847	1,688	1,681	1,617	1,495	1,532	1,276
Long Term Debt	9.7%	1,780	1,623	1,623	1,563	1,442	1,457	1,186
Shareholder's Equity	0.7%	1,496	1,486	1,461	1,356	1,342	1,328	1,276
Retained Earnings	7.0%	101	94.00	75.00	65.00	56.00	44.00	90.00
Additional Paid-In Capital	0.3%	1,405	1,401	1,395	1,301	1,295	1,290	1,189
Shares Outstanding	0.3%	88.00	88.00	87.00	82.00	81.00	81.00	76.00
Float	-	-	-	1,575	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)											(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Cashflow From Operations	-336.9%	-86,868	36,661	-113,077	-73,504	54,290	-244,096	-115,876	81,150	-	-	-
Cashflow From Financing	351.8%	82,184	-32,636	113,195	73,594	-58,923	247,199	119,559	-73,623	-	-	-
Dividend Payments	3.0%	40,608	39,442	37,855	38,516	29,577	54,266	28,376	32,512	-	-	-
Buy Backs	-	-	-	-	-	3,168	1,000	-	-	-	-	733

TSLX Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income
Total Investment Income	$ 438,087	$ 309,305	$ 278,593
Expenses
Interest	133,731	62,991	38,825
Management fees	46,382	39,900	37,081
Incentive fees on net investment income	42,590	33,401	33,062
Incentive fees on net capital gains	4,382	(8,864)	13,507
Professional fees	7,323	7,192	6,586
Directors’ fees	806	736	743
Other general and administrative	5,280	5,427	6,236
Total expenses	240,494	140,783	136,040
Management and incentive fees waived (Note 3)	(1,171)	(427)	(190)
Net Expenses	239,323	140,356	135,850
Net Investment Income Before Income Taxes	198,764	168,949	142,743
Income taxes, including excise taxes	2,365	2,622	384
Net Investment Income	196,399	166,327	142,359
Net change in unrealized gains (losses):
Net Unrealized gains (losses) on investments	18,854	(76,381)	49,738
Translation of other assets and liabilities in foreign currencies	(6,393)	8,721	(591)
Interest rate swaps	174	(6,748)	(6,699)
Income tax provision	556	(561)	(1,902)
Total net change in unrealized gains (losses)	13,191	(74,969)	40,546
Realized gains (losses):
Realized gains (losses) on investments	12,253	14,735	28,816
Interest rate swaps		2,251
Foreign currency transactions	180	(291)	59
Total net realized gains (losses)	12,433	16,695	28,875
Total Net Unrealized and Realized Gains (Losses)	25,624	(58,274)	69,421
Increase (Decrease) in Net Assets Resulting from Operations	$ 222,023	$ 108,053	$ 211,780
Earnings per common share—basic	$ 2.61	$ 1.38	$ 2.93
Weighted average shares of common stock outstanding—basic	85,131,264	78,197,826	72,169,488
Earnings per common share—diluted	$ 2.61	$ 1.38	$ 2.79
Weighted average shares of common stock outstanding—diluted	85,131,264	78,197,826	77,702,258
Non-controlled, Non-affiliated Investments
Income
Interest from investments	$ 411,022	$ 292,442	$ 261,782
Dividend income	4,181	2,159	3,426
Other income	15,122	9,502	7,751
Total Investment Income	430,325	304,103	272,959
Net change in unrealized gains (losses):
Net Unrealized gains (losses) on investments	40,571	(70,085)	17,938
Realized gains (losses):
Realized gains (losses) on investments	12,095	1,072	28,849
Non-controlled, Affiliated Investments
Income
Interest from investments		133	838
Dividend income			740
Total Investment Income		133	1,578
Net change in unrealized gains (losses):
Net Unrealized gains (losses) on investments		(14,350)	14,350
Realized gains (losses):
Realized gains (losses) on investments	158	13,608	(33)
Controlled, Affiliated Investments
Income
Interest from investments	7,756	5,064	4,039
Other income	6	5	17
Total Investment Income	7,762	5,069	4,056
Net change in unrealized gains (losses):
Net Unrealized gains (losses) on investments	$ (21,717)	8,054	$ 17,450
Realized gains (losses):
Realized gains (losses) on investments		$ 55

TSLX Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Assets

Total investments at fair value

$ 3,283,065

$ 2,787,925

Cash and cash equivalents (restricted cash of $23,979 and $15,437 respectively)

25,196

25,647

Interest receivable

27,969

18,846

Prepaid expenses and other assets

7,578

4,529

Total Assets

3,343,808

2,836,947

Liabilities

Debt (net of deferred financing costs of $21,930 and $17,760, respectively)

1,780,307

^[1],[2]

1,441,796

^[3],[4]

Management fees payable to affiliate

11,962

10,526

Incentive fees on net investment income payable to affiliate

11,451

10,918

Incentive fees on net capital gains accrued to affiliate

10,446

6,064

Other payables to affiliate

2,802

3,265

Other liabilities

30,465

22,809

Total Liabilities

1,847,433

1,495,378

Commitments and contingencies (Note 8)

Net Assets

Preferred stock, $0.01 par value; 100,000,000 shares authorized; no shares issued and outstanding

Common stock, $0.01 par value; 400,000,000 shares authorized, 88,493,749 and 82,053,537 shares issued, respectively; and 87,829,499 and 81,389,287 shares outstanding, respectively

885

821

Additional paid-in capital

1,405,173

1,294,751

Treasury stock at cost; 664,250 and 664,250 shares held, respectively

(10,459)

Distributable earnings

100,776

56,456

Total Net Assets

1,496,375

1,341,569

Total Liabilities and Net Assets

$ 3,343,808

$ 2,836,947

Net Asset Value Per Share

$ 17.04

$ 16.48

Non-controlled, Non-affiliated Investments

Assets

Total investments at fair value

$ 3,223,152

$ 2,717,170

Controlled, Affiliated Investments

Assets

Total investments at fair value

$ 59,913

$ 70,755

[1]	The carrying values of the 2024 Notes, 2026 Notes and 2028 Notes are presented inclusive of an incremental $(10.4) million, $(26.1) million and $4.7 million, respectively, which represents an adjustment in the carrying values of the 2024 Notes, 2026 Notes and 2028 Notes, each resulting from a hedge accounting relationship.
[2]	The carrying values of the Revolving Credit Facility, 2024 Notes, 2026 Notes and 2028 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $15.2 million, $1.2 million, $3.0 million and $5.7 million, respectively.
[3]	The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(19.4) million and $(35.7) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.
[4]	The carrying values of the Revolving Credit Facility, 2023 Notes, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $13.2 million, less than $0.1 million, $2.6 million and $4.1 million, respectively.

About TPG Specialty Lending Inc

Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. It seeks to finance and lending to middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1 billion or more and EBITDA between $10 million and $250 million. The transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.

CEO	Mr. Joshua Easterly
WEBSITE	sixthstreetspecialtylending.com
INDUSTRY	Asset Management

TPG Specialty Lending Inc Frequently Asked Questions

What is the ticker symbol for TPG Specialty Lending Inc? What does TSLX stand for in stocks?

TSLX is the stock ticker symbol of TPG Specialty Lending Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of TPG Specialty Lending Inc (TSLX)?

As of Fri Apr 26 2024, market cap of TPG Specialty Lending Inc is 1.9 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TSLX stock?

You can check TSLX's fair value in chart for subscribers.

What is the fair value of TSLX stock?

You can check TSLX's fair value in chart for subscribers. The fair value of TPG Specialty Lending Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of TPG Specialty Lending Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TSLX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is TPG Specialty Lending Inc a good stock to buy?

The fair value guage provides a quick view whether TSLX is over valued or under valued. Whether TPG Specialty Lending Inc is cheap or expensive depends on the assumptions which impact TPG Specialty Lending Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TSLX.

What is TPG Specialty Lending Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 26 2024, TSLX's PE ratio (Price to Earnings) is 8.58 and Price to Sales (PS) ratio is 43.25. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TSLX PE ratio will change depending on the future growth rate expectations of investors.