Oaktree Strategic Income Corporation (OCSI) Company Bio
OakStreet Strategic Income Corporation, formerly Fifth Street Senior Floating Rate Corp., is a business development company specializing in providing financing solutions in the form of floating rate senior secured loans to mid-sized companies. The company is based in Greenwich, Connecticut.
OCSI Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Oaktree Strategic Income Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Oaktree Strategic Income Corp ranked in the 11th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. The most interesting components of our discounted cash flow analysis for Oaktree Strategic Income Corp ended up being:
Its compound free cash flow growth rate, as measured over the past 3.4 years, is -0.21% -- higher than only 8.51% of stocks in our DCF forecasting set.
As a business, Oaktree Strategic Income Corp experienced a tax rate of about 0% over the past twelve months; relative to its sector (Financial Services), this tax rate is higher than only 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Financial Services that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as OCSI, try ERIE, MDLY, HALL, VIRT, and MAIN.
Now I would like to introduce Michael Mosticchio of Investor Relations, who will host today's conference call. Before we begin, I want to remind you that our comments today will include forward-looking statements reflecting our current views with respect to, among other things, our future operating results and financial performance.
Oaktree Strategic Income (OCSI) delivered earnings and revenue surprises of -11.76% and -13.66%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Oaktree Strategic Income (NASDAQ:OCSI) remained unaffected at $6.10 after the company reported Q2 results.Quarterly Results Earnings per share were down 16.67% year over year to $0.15, which missed the estimate of $0.16.Revenue of $10,343,000 lower by 17.14% from the same period last year, which missed the estimate of $11,590,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Oaktree Strategic Income hasn't issued any revenue guidance for the time being.Conference Call Details Date: May 07, 2020View more earnings on OCSITime: 09:00 AM ETWebcast URL: https://investors.oaktreestrategicincome.com/events/event-details/q2-2020-oaktree-strategic-income-corporation-earnings-conference-call-0Price Action 52-week high: $8.6952-week low: $4.28Price action over...