Solar Capital Ltd. invests primarily in leveraged middle markets companies in the form of senior secured loans, mezzanine loans and equity securities. The company was founded in 2007 and is based in New York, New York.
SLRC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Solar Capital Ltd. To summarize, we found that Solar Capital Ltd ranked in the 87th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Solar Capital Ltd, consider:
Interest coverage, a measure of earnings relative to interest payments, is 0.82; that's higher than merely 21.76% of US stocks in the Financial Services sector that have positive free cash flow.
Solar Capital Ltd'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.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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Investment Thesis Solar Capital (SLRC) showed resilience during the pandemic. The company's portfolio had ZERO non-performing loans in FQ2. The quality of SLRC's portfolio will enable the company to maintain its dividend distributions, which currently yield an eye-watering 9.5%. SLRC is trading at a 19% discount on NAV, opening an...
Solar Capital (SLRC) Q2 2020 Earnings Conference Call August 5, 2020, 10:00 AM ET Company Participants Michael Gross - Chairman, CEO Richard Peteka - CFO Bruce Spohler - Co-CEO Conference Call Participants Finian O'Shea - Wells Fargo Securities Paul Johnson - KBW Chris Kotowski - Oppenheimer Presentation Operator Ladies and...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Solar Capital Ltd. New York, July 23, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Solar Capital Ltd. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Solar Capital Ltd. (the “Company”) (SLRC) today announced that it will release its financial results for the quarter ended June 30, 2020 on Tuesday, August 4, 2020 after the close of the financial markets. The Company will host an earnings conference call and audio webcast at 10:00 a.m. (Eastern Time) on Wednesday, August 5, 2020. All interested parties may participate in the conference call by dialing (844) 889-7786 approximately 5-10 minutes prior to the call, international callers should dial (661) 378-9930.
In this article you are going to find out whether hedge funds think Solar Capital Ltd. (NASDAQ:SLRC) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks