Oxford Square Capital Corp. - Closed End Fund (OXSQ) Company Bio
Oxford Square Capital Corp. (formerly TICC Capital Corp.), a business development company, operates as a closed-end, non-diversified management investment company. The firm invests in both public and private companies. The company was founded in 2003 and is based in Greenwich, Connecticut.
OXSQ Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for OXSQ, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Oxford Square Capital Corp ranked in the 84th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 792.67%. As for the metrics that stood out in our discounted cash flow analysis of Oxford Square Capital Corp, consider:
Oxford Square Capital Corp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Oxford Square Capital Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -9.73. This coverage rate is greater than that of just 8.54% of stocks we're observing for the purpose of forecasting via discounted cash flows.
The weighted average cost of capital for the company is 13. This value is greater than 86.1% stocks in the Financial Services sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
RGA, SLRC, MCC, AAME, and AFG can be thought of as valuation peers to OXSQ, in the sense that they are in the Financial Services sector and have a similar price forecast based on DCF valuation.
Oxford Square Capital (OXSQ) declares $0.035/share monthly dividend, in line with previous.Forward yield 16.18%Payable Oct. 30; for shareholders of record Oct. 16; ex-div Oct. 15.Payable Nov. 30; for shareholders of record Nov. 13; ex-div Nov. 12.Payable Dec. 31; for shareholders of record Dec. 16; ex-div Dec. 15See OXSQ Dividend Scorecard,...
Oxford Square Capital Corp. (OXSQ) Q2 2020 Results Conference Call July 28, 2020 09:00 ET Company Participants Jonathan Cohen - Chief Executive Officer Bruce Rubin - Chief Financial Officer Kevin Yonon - Managing Director & Portfolio Manager Debdeep Maji - Senior Managing Director & Portfolio Manager Conference Call Participants Mickey...
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