GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary
Oaktree Specialty Lending Corp (NAS:OCSL)
[1]
Significantly Overvalued[5]$ 14.07
GF Score: 49/100Market Cap: $ 1,239 Mil
Industry: Financial Services - Asset Management
IPO Date: 1997-12-23
Oaktree Specialty Lending Corp is a specialty finance company. The company provides lending services and invests in small and mid-sized companies. The company's investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. The company provides customized, one-stop ... read more
Latest FY Operating Revenue by Business Segment
Business Segment Name2024Percentage
Single Segment264.41100.00%
Financial Strength
Rank: 5 /10CurrentIndustry MedianHistorical Median
Cash-to-Debt0.075.770.07
Equity-to-Asset0.480.830.51
Piotroski F-Score555
Profitability Rank
Rank: 4 /10CurrentIndustry MedianHistorical Median
Net Margin %-585.1588.2894.63
ROE %0.616.3654.06
ROA %0.283.852.16
Growth Rank(* per share data)
Rank: 6 /1010-Yr5-Yr1-Yr
Revenue Growth %N/A-18.8-99.9
EPS w/o NRI Growth %N/A-17.6-90.4
FCF Growth %N/AN/A-19.0
Book Value Growth %-3.3-1.4-10.6
Momentum Rank
Rank: 2 /10CurrentIndustry MedianHistorical Median
5-Day RSI70.0464.44N/A
9-Day RSI53.6760.18N/A
14-Day RSI49.1057.62N/A
6-1M Momentum %-5.35-1.86N/A
12-1M Momentum %-22.83-0.13N/A
Quarterly
Mar24Jun24Sep24Dec24Mar25
Revenue10.24-0.9236.473.10-40.19
Net Income9.341.1236.917.24-36.25
EPS0.120.010.450.09-0.42
Revenue YoY %-56.66-102.43-25.64-73.77-492.59
Net Income YoY %-56.62-96.95-19.67-31.29-488.23
EPS YoY %-58.62-97.92-27.42-35.71-450.00
Warning Signs
SEVERERevenue per Share: Declined
Good Signs
GOODDividend Yield %: Close to 5-year high
Insider Trades
InsiderPositionDateTradesCur. Shares
Gero Deborah AnnDirector06/30/25250022,411
Panossian ArmenSee Remarks05/15/25800020,789
Caldwell Phyllis RDirector05/07/25200018,000
Jacobson Craig ADirector05/06/251491071,667
Caldwell Phyllis RDirector02/25/25250016,000
Caldwell Phyllis RDirector09/20/24100013,500
Caldwell Phyllis RDirector08/13/24133412,500
GF Value Rank
Rank: 0 /10CurrentIndustry MedianHistorical Median
PE Ratio108.2311.7713.87
Forward P/E8.5311.37N/A
PB Ratio0.840.950.84
PS Ratio7,0477.86512.32
P/FCF4.8713.775.53
Shiller P/E20.1012.9518.61
PEG RatioN/A1.8957.28
Valuation Analysis
Current% of Price
GF Value0.030
Graham Number7.0050
Price14.07
Tangible Book16.75119
Dividend & Ownership
Dividend Yield (TTM) %14.16
Dividend Yield (Forward) %14.16
Dividend Payout Ratio16.31
Dividend Growth (5Y) %16.80
Yield on Cost (5Y) %30.78
Continuous Div. since2019
Insider Ownership %20.59
Institution Ownership %35.97
As of 07-03-2025
* All financial numbers are in millions except for per share data, ratios and percentage change. "Neg. E" means negative equity.
20152016201720182019202020212022202320242025Performance
%GainSP500
1W3.762.20
1M-0.045.22
3M-3.5616.86
6M-2.486.27
YTD-2.227.34
1Y-14.8314.81
3Y0.5519.56
5Y12.7516.53
10Y7.0913.58
25.47
9.20
7.08
1M
0.6M
2015201620172018201920202021202220232024CurrentKey Data
27.8119.5017.7017.6417.1316.9522.0523.2521.6021.5418.78Highest Stock Price
18.3313.6211.7612.6312.457.0813.6517.8217.8515.7212.50Lowest Stock Price
9278327716997306821,2731,1001,5541,3411,239Market Cap
53.750.447.147.047.047.054.060.772.180.485.9Shares Outstanding-Diluted
61.70At LossAt Loss15.035.8217.294.8237.5012.3422.65108.23PE Ratio
0.690.730.890.810.780.750.970.881.030.900.84PB Ratio
34.15----12.205.7413.054.6127.9511.5922.787,047PS Ratio
68.33-42.74-7.5923.089.3525.8510.1260.7924.1150.62-1,680EV-to-Revenue
2015201620172018201920202021202220232024TTMPer Share Data
0.54-0.86-3.901.222.711.114.600.641.740.720.00Revenue per Share
0.30-1.35-4.170.992.670.844.390.481.630.720.13Earnings per Share
2.733.2710.331.144.59-3.25-4.270.373.170.242.90Free Cash Flow per Share
2.272.161.221.201.141.171.521.952.192.202.12Dividends per Share
27.0223.9218.4718.2619.8119.4721.8420.3819.6318.0916.75Tangible Book per Share
----------------------Median PS Value
13.50----20.1734.4919.1846.4414.8326.8317.127.00Graham Number
2015201620172018201920202021202220232024TTMIncome Statement
29.09-43.61-183.6757.32127.1352.32248.3139.11125.2057.61-1.54Revenue
----------------------Credit Losses Provision
13.6922.9513.309.93-0.0414.867.476.256.14-0.18-10.77Total Noninterest Expense
15.40-66.56-196.9747.38127.1737.45240.8432.86119.0757.809.23Pretax Income
15.40-66.56-196.9746.76126.1639.22237.2629.22117.3357.919.02Net Income
52.93152.63107.2481.5999.2474.9895.5574.7193.71100.51-585.15Net Margin %
1,2591,7851,1742,52997,928--6,9677,8844,3082,0151,768Net Interest Margin-Bank %
1.09-5.33-19.605.4214.114.2521.302.288.503.860.61ROE %
0.59-2.70-9.952.958.322.5111.091.114.001.800.28ROA %
2015201620172018201920202021202220232024Mar25Balance Sheet
138.38117.9253.0213.3815.4139.1029.3323.53136.4563.9797.84Cash & Equivalents & MS
----------------------Total Current Assets
2,5862,3431,6161,5511,4811,6412,6362,6463,2183,1983,079Total Assets
----------------------Short-Term Debt & CLO
----------------------Total Current Liabilities
1,1991,149675.37637.21473.37709.321,2691,3011,6011,6391,448Long-Term Debt & CLO
1,2331,201748.39693.42550.41725.831,3241,4011,7021,7111,604Total Liabilities
1,3531,142867.66858.04930.63914.881,3131,2461,5161,4881,475Total Stockholders Equity
1,3531,142867.66858.04930.63914.881,3131,2461,5161,4881,475Total Equity
2015201620172018201920202021202220232024TTMCashflow Statement
146.19164.76486.9053.51215.82-152.88-230.5222.40228.7619.08241.53Cash Flow from Operations
----------------------Cash Flow from Investing
-94.55-185.21-557.35-99.93-214.11176.33224.19-26.82-110.41-86.77-272.51Cash Flow from Financing
51.65-20.45-70.45-46.421.9223.69-7.46-5.27119.18-67.00-29.28Net Change in Cash
138.38117.9259.9113.4915.4139.1031.6426.36145.5478.54108.21Ending Cash Position
----------------------Capital Expenditure
146.19164.76486.9053.51215.82-152.88-230.5222.40228.7619.08241.53Free Cash Flow
Competitor(* Up to 5 competitors are listed here. See full competitors list in the Competitive Comparison section below)
TickerCompanyMarket Cap
($M)
PE RatioGF Score
/100
Financial
Strength /10
Profitability
Rank /10
GF Value
Rank /10
Growth
Rank /10
Momentum
Rank /10
NAS:CSWCCapital Southwest Corp1,25015.515633904
NAS:OCSLOaktree Specialty Lending Corp1,239108.234954062
AMEX:EVVEaton Vance Ltd Duration Income Fund1,20614.6242430010
NYSE:PXP10 Inc1,20571.6791578108
NYSE:NMZNuveen Municipal High Income Opp Fund1,1994.4544630010
GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Financial Strength[2] (Quarterly data, as of Mar. 2025) : Fair (5/10)

0
1
2
3
4
5
6
7
8
9

Cash-to-Debt : 0.07

Cash-to-Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. A high ratio indicates that a company is better able to pay back its debt, and is thus able to take on more debt if necessary.


Equity-to-Asset : 0.48

Equity-to-Asset ratio is calculated as total stockholders equity divided by its total assets. Equity-to-Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity-to-Asset ratio (more leveraged) may have higher ROE % because of the leverage.


Debt-to-Equity : 0.98

A high Debt-to-Equity ratio generally means that a company has been aggressive in financing its growth with debt.


Piotroski F-Score : 5

The Piotroski F-Score is used to determine the strength of a firm's financial position, with 9 being the best and 0 being the worst.

0
1
2
3
4
5
6
7
8
9


WACC : 7.55% vs ROIC : N/A%

The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. Return on invested capital (ROIC) measures how well a company generates cash flow relative to the capital it has invested in its business.


Dividend Yield : 13.80%

Dividend yield is a way to measure how much cash flow you are getting for each dollar invested in an equity position.

GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Profitability[3] (Annual data, as of Sep. 2024) : Fair (4/10)

0
1
2
3
4
5
6
7
8
9

Revenue : $-40 Mil vs Net Income : $-36 Mil

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. Net Income is a company's total profit. Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses.


Cash & Equivalents : $98 Mil vs Long-Term Debt* : $1,448 Mil

Cash & equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash. Long-Term Debt* consists of loans and obligations lasting over one year.


Net Margin % : 90.20%

Net margin % measures the percentage of revenue remaining after all operating expenses, interest, taxes, etc have been deducted from a company's total revenue. Net Margin % is calculated as Net Income divided by its Revenue.


EPS without NRI : $-0.42

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock. In calculating earnings per share without non-recurring items, the dividends of preferred stocks and Non Operating Income need to subtracted from the total net income first.


Dividends per Share : $0.47

Dividends per Share is the amount of dividends that the shareholders of a company receive on a per-share basis. It is calculated using the total dividends paid out to shareholders over one fiscal year and the number of shares outstanding.


Free Cash Flow per Share : $0.72

Free Cash flow per Share is the amount of Free cash flow per outstanding share of the company's stock.

GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Valuation (Quarterly data, as of Mar. 2025)

These valuation metrics should give you a sense of reasonable prices, but be careful with them. Always seek to understand why a valuation is changing over time.


Valuation Chart (Current stock price : $14.07)


PE Ratio without NRI : 118.15

The price-to-earnings ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.


PB Ratio : 0.92

The price-to-book ratio measures the valuation of the stock relative to the underlying asset of the company.


PS Ratio : 7,680.00

The price-to-sales ratio is a valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the value placed on each dollar of a company’s sales or revenues.


Price-to-Free-Cash-Flow : 5.29

Price-to-free-cash-flow is very similar to the valuation metric of price-to-operating-cash-flow but is considered a more exact measure, owing to the fact that it uses free cash flow, which subtracts capital expenditures from a company's total operating cash flow, thereby reflecting the actual cash flow available to fund non-asset-related growth.


EV-to-Revenue : -1,753.34

Enterprise value of a company divided by its trailing 12 months revenue.

GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Valuation Bands

In these charts the 10-year valuation bands of the price-to-earnings ratio (PE Ratio), price-to-book ratio (PB Ratio), price-to-sales ratio (PS Ratio) and price-to-operating-cash-flow ratio (POCF) are drawn together with the historical stock prices. For example, the upper line of the PE band is where the stock price would have been if it were always traded at the maximum PE ratio of the past 10 years. The lower line of the PE band is where the stock price would have been if it were always traded at the lowest PE ratio of the past 10 years. It is always better if the stock price is close to the lower line, which indicates a lower valuation.


Historical Price and PE Band


Historical Price and PS Band


Historical Price and PB Band


Historical Price and Price-to-Operating-Cash-Flow (POCF) Band

GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Warning Signs

GuruFocus conducted a thorough checkup using a checklist of 32 items that cover the areas of financial strength, profitability, growth, and valuation of each company. The purpose of Warning Signs is to warn you that the company may have red flags in certain areas, helping to avoid overlooking them. These warning signs do not necessarily mean you should not invest in the stock. But you should be aware of them before you invest.


Severe Warning Signs

Revenue per Share : Declined

Oaktree Specialty Lending Corp revenue per share has been in decline for the last 5 years.

Good Signs

Dividend Yield % : Close to 5-year high

Oaktree Specialty Lending Corp stock Dividend Yield % is close to 5-year high.

Price : Close to 5-year low

Oaktree Specialty Lending Corp stock Price is close to 5-year low.

PB Ratio : Close to 3-year low

Oaktree Specialty Lending Corp stock PB Ratio (=0.84) is close to 3-year low of 0.81.

Insider Buy : Insider Buying

There were 4 insider buying transactions over the past 3 months. The total number of shares bought is 27,410.

Medium Warning Signs

Dividend Payout Ratio : Too high

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Oaktree Specialty Lending Corp is 16.31, which seems too high.

PE Ratio : Close to 2-year high

Oaktree Specialty Lending Corp stock PE Ratio (=108.46) is close to 2-year high of 112.92.

PS Ratio : Close to 10-year high

Oaktree Specialty Lending Corp stock PS Ratio (=7049.95) is close to 10-year high of 7340.
GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Competitive Comparison


5 Year Price Change Comparison



Financial Strength

CompanyFinancial StrengthCash-to-DebtEquity-to-AssetDebt-to-EquityInterest CoveragePiotroski F-ScoreAltman Z-ScoreBeneish M-ScoreWACC %ROIC %
NYSE:NFJVirtus Dividend, Interest & Premium Strategy Fund8/10No Debt1.000.00N/A60.000.001.81N/A
LSE:III3i Group PLC6/100.330.950.05N/A70.00-1.364.95N/A
NYSE:APOApollo Asset Management, Inc.6/1020.460.050.5921.5850.10-1.5912.89N/A
NYSE:BLKBlackRock Inc6/100.680.340.3012.4851.95-2.4711.78N/A
TSX:BAMBrookfield Asset Management Ltd6/100.520.570.083.49612.982.5410.46N/A
NYSE:NMZNuveen Municipal High Income Opp Fund6/100.260.600.01N/A70.0023.914.22N/A
NYSE:AAMIAcadian Asset Management Inc5/100.290.0319.357.5383.21-1.989.72N/A
NYSE:AMPAmeriprise Financial Inc5/101.290.031.1412.4260.00-2.6311.67N/A
OSTO:INVE AInvestor AB5/100.380.860.13N/A30.00-3.099.38N/A
NAS:OCSLOaktree Specialty Lending Corp5/100.070.480.98N/A50.000.007.55N/A
NYSE:PXP10 Inc5/100.190.381.152.4681.77-2.759.02N/A
AMEX:EVVEaton Vance Ltd Duration Income Fund4/100.020.570.46N/A20.00-1.833.61N/A
NYSE:FPFFirst Trust Inter Dur Pref& Income Fund4/100.030.670.49N/A50.000.003.46N/A
NYSE:KKRKKR & Co Inc4/102.340.071.850.0050.95-2.2113.35N/A
NYSE:BXBlackstone Inc3/100.180.181.68N/A50.00-2.4214.26N/A
TSX:BNBrookfield Corp3/100.050.095.431.1150.47-2.677.11N/A
NAS:CSWCCapital Southwest Corp3/100.050.471.08N/A10.00-1.757.74N/A
NAS:MFICMidCap Financial Investment Corp3/100.040.421.39N/A30.00-0.478.31N/A
NAS:NMFCNew Mountain Finance Corp3/100.050.421.33N/A30.00-2.547.56N/A
NYSE:JFRNuveen Floating Rate Income Fund3/100.010.590.39N/A70.000.044.82N/A
GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Competitive Comparison - Cont.


Profitability

CompanyProfitability RankOperating
Margin %
Net Margin %ROE %ROA %Price-to-Free-Cash-FlowROC (Joel Greenblatt) %3-Year Revenue Growth %3-Year EBITDA Growth %3-Year EPS w/o NRI Growth %
NYSE:AAMIAcadian Asset Management Inc9/10N/A17.41Neg. E15.0139.23N/A26.60N/A23.40
NYSE:BLKBlackRock Inc9/10N/A30.0914.564.7641.49N/A2.40N/A3.80
NYSE:APOApollo Asset Management, Inc.8/10N/A14.5921.600.9920.33N/A19.80N/A0.00
TSX:BNBrookfield Corp8/10N/A0.771.370.130.00N/A8.20N/A235.30
NYSE:AMPAmeriprise Financial Inc7/10N/A17.1457.051.658.31N/A14.60N/A14.80
NYSE:KKRKKR & Co Inc7/10N/A14.639.330.6216.93N/A-3.20N/A0.00
NYSE:PXP10 Inc7/10N/A6.115.192.1416.17N/A22.50N/A-2.70
LSE:III3i Group PLC6/10N/A97.0922.6721.2952.46N/A7.80N/A7.90
NYSE:BXBlackstone Inc5/10N/A23.7634.396.0133.02N/A-14.90N/A-23.60
TSX:BAMBrookfield Asset Management Ltd5/10N/A71.6125.2416.530.00N/A0.00N/A0.00
NAS:NMFCNew Mountain Finance Corp5/10N/A92.628.063.3117.80N/A-18.90N/A-18.60
NAS:MFICMidCap Financial Investment Corp4/10N/A91.368.333.510.00N/A-10.00N/A-9.40
NAS:OCSLOaktree Specialty Lending Corp4/10N/A-585.150.610.284.87N/A-46.20N/A-45.30
NAS:CSWCCapital Southwest Corp3/10N/A64.818.734.210.00N/A-16.40N/A-7.70
AMEX:EVVEaton Vance Ltd Duration Income Fund3/10N/A98.118.114.70122.24N/A0.00N/A0.00
OSTO:INVE AInvestor AB3/10N/A43.565.284.5662.39N/A-13.90N/A-20.80
NYSE:JFRNuveen Floating Rate Income Fund3/10N/A97.5210.376.158.45N/A-9.20N/A-9.50
NYSE:NMZNuveen Municipal High Income Opp Fund3/10N/A99.4622.1012.9964.82N/A5.20N/A5.20
NYSE:NFJVirtus Dividend, Interest & Premium Strategy Fund3/10N/A99.269.569.520.00N/A-12.10N/A-12.10
NYSE:FPFFirst Trust Inter Dur Pref& Income Fund2/10N/A99.0724.7416.2414.91N/A6.30N/A6.20

Valuation

CompanyPE RatioPB RatioPS RatioPrice-to-Intrinsic-Value-Projected-FCFPrice-to-Intrinsic-Value-DCF (Earnings Based)Price-to-Median-PS-ValuePrice-to-Peter-Lynch-Fair-ValuePrice-to-Graham-NumberEarnings Yield (Joel Greenblatt) %Forward Rate of Return (Yacktman) %
NYSE:FPFFirst Trust Inter Dur Pref& Income Fund4.140.964.100.570.000.000.000.42N/A2.64
NYSE:NMZNuveen Municipal High Income Opp Fund4.450.934.4220.840.000.000.000.43N/A-20.23
LSE:III3i Group PLC7.781.597.551.580.001.270.310.74N/A20.82
NYSE:JFRNuveen Floating Rate Income Fund8.910.938.710.720.000.000.000.61N/A6.79
NYSE:NFJVirtus Dividend, Interest & Premium Strategy Fund9.200.879.111.100.000.000.000.60N/A-0.89
NAS:MFICMidCap Financial Investment Corp10.420.858.980.930.000.000.000.63N/A15.79
NAS:NMFCNew Mountain Finance Corp10.700.8611.441.140.000.000.000.64N/A12.76
AMEX:EVVEaton Vance Ltd Duration Income Fund14.621.0011.840.470.000.000.000.81N/A9.10
NAS:CSWCCapital Southwest Corp15.511.3710.700.000.001.460.000.97N/A-22.98
NYSE:AAMIAcadian Asset Management Inc15.5963.692.7332.960.001.210.0023.94N/A6.69
NYSE:AMPAmeriprise Financial Inc18.469.573.160.940.651.580.742.55N/A27.72
OSTO:INVE AInvestor AB20.041.078.731.100.000.001.371.04N/A16.12
NYSE:APOApollo Asset Management, Inc.25.304.973.562.320.001.270.002.57N/A9.85
NYSE:BLKBlackRock Inc26.293.497.892.111.561.383.540.00N/A9.11
TSX:BAMBrookfield Asset Management Ltd40.1710.2738.080.000.000.000.004.16N/A0.00
NYSE:BXBlackstone Inc46.7315.0311.042.990.001.500.006.48N/A3.29
NYSE:KKRKKR & Co Inc59.744.948.550.000.001.720.000.00N/A-6.43
NYSE:PXP10 Inc71.673.554.310.000.000.002.300.00N/A0.00
NAS:OCSLOaktree Specialty Lending Corp108.230.847047.460.800.000.000.002.01N/A-3.14
TSX:BNBrookfield Corp218.602.221.222.030.891.542.020.00N/A15.46
GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Peter Lynch Chart[4]

GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Per Share Data


Per Share Data

Sep09
Sep10
Sep11
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Sep24
TTM Fiscal Period
4.24
1.80
1.60
2.99
2.82
2.51
0.54
-0.86
-3.90
1.22
2.71
1.11
4.60
0.64
1.74
0.72
0.00
Revenue per Share
0.75
1.47
1.41
2.91
2.70
2.37
0.30
-1.35
-4.17
0.99
2.67
0.84
4.39
0.48
1.63
0.72
0.13
Earnings per Share (Diluted)
1.89
1.47
1.41
2.91
2.70
2.37
0.30
-1.35
-4.17
0.99
2.67
0.84
4.39
0.48
1.63
0.72
0.13
EPS without NRI
-2.39
-15.79
-22.61
-3.13
-11.73
-10.94
2.73
3.27
10.33
1.14
4.59
-3.25
-4.27
0.37
3.17
0.24
2.90
Free Cash Flow per Share
-2.39
-15.79
-22.61
-3.13
-11.73
-10.94
2.73
3.27
10.33
1.14
4.59
-3.25
-4.27
0.37
3.17
0.24
2.90
Operating Cash Flow per Share
8.97
4.22
2.80
2.45
3.09
1.70
2.76
2.47
1.13
0.29
0.33
0.83
0.49
0.39
1.77
0.78
1.11
Cash per Share
3.45
3.27
3.86
3.51
3.45
2.99
2.27
2.16
1.22
1.20
1.14
1.17
1.52
1.95
2.19
2.20
2.12
Dividends per Share
32.52
31.30
30.20
29.77
29.54
28.93
27.02
23.92
18.47
18.26
19.81
19.47
21.84
20.38
19.63
18.09
16.75
Book Value per Share
32.52
31.30
30.20
29.77
29.54
28.93
27.02
23.92
18.47
18.26
19.81
19.47
21.84
20.38
19.63
18.09
16.75
Tangible Book per Share
--
--
19.19
15.36
13.94
22.54
23.94
24.07
14.37
13.56
10.07
15.10
21.10
21.29
20.73
19.93
16.44
Total Debt per Share
32.79
33.42
27.96
32.94
30.86
27.54
18.51
17.43
16.41
14.88
15.54
14.52
21.18
18.00
20.12
16.31
14.07
Month End Stock Price
8.22
15.15
22.91
29.24
39.35
49.93
53.65
50.45
47.15
46.99
46.99
46.99
54.04
60.73
72.12
80.42
85.92
Shares Outstanding (Diluted Average)

Ratios

Sep09
Sep10
Sep11
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Sep24
TTM Fiscal Period
1.76
4.58
4.66
9.73
8.96
7.90
1.09
-5.33
-19.60
5.42
14.11
4.25
21.30
2.28
8.50
3.86
0.61
ROE %
1.74
4.28
5.01
8.77
8.62
8.32
1.58
-7.30
-22.02
6.69
18.09
5.67
21.96
2.59
8.25
4.29
0.73
ROE % Adjusted to Book Value
1.73
4.20
3.25
6.11
5.88
4.75
0.59
-2.70
-9.95
2.95
8.32
2.51
11.09
1.11
4.00
1.80
0.28
ROA %
1.76
4.58
4.66
9.73
8.96
7.90
1.09
-5.33
-19.60
5.42
14.11
4.25
21.30
2.28
8.50
3.86
0.61
Return-on-Tangible-Equity
1.73
4.20
3.25
6.11
5.88
4.75
0.59
-2.70
-9.95
2.95
8.32
2.51
11.09
1.11
4.00
1.80
0.28
Return-on-Tangible-Asset
--
--
--
-23.89
-23.86
-13.10
17.16
56.38
56.06
11.78
-25.47
-27.81
-661
-19.19
-48.77
14.91
-437
5-Year RORE %
9.31
8.37
7.32
6.53
7.27
5.53
3.78
3.55
3.70
5.48
6.18
6.92
7.42
7.11
8.20
7.43
7.55
WACC %
--
--
3.27
5.00
6.02
5.72
4.82
4.65
5.47
5.44
5.84
4.45
3.09
3.65
7.69
7.94
7.71
Effective Interest Rate on Debt %
16.65
--
--
--
3,445
1,405
1,259
1,785
1,174
2,529
97,928
--
6,967
7,884
4,308
2,015
1,768
Net Interest Margin (Bank Only) %
17.79
82.28
82.38
90.78
91.64
89.85
52.93
153
107
81.59
99.24
74.98
95.55
74.71
93.71
101
-585
Net Margin %
-56.51
-878
-1,412
-105
-416
-436
503
-378
-265
93.36
170
-292
-92.84
57.26
183
33.11
-15,663
FCF Margin %
--
--
0.64
0.52
0.47
0.78
0.89
1.01
0.78
0.74
0.51
0.78
0.97
1.05
1.06
1.10
0.98
Debt-to-Equity
0.99
0.87
0.60
0.65
0.66
0.55
0.52
0.49
0.54
0.55
0.63
0.56
0.50
0.47
0.47
0.47
0.48
Equity-to-Asset
--
--
0.38
0.34
0.31
0.43
0.46
0.49
0.42
0.41
0.32
0.43
0.48
0.49
0.50
0.51
0.47
Debt-to-Asset
0.01
0.13
0.40
0.35
0.34
0.45
0.48
0.51
0.46
0.45
0.37
0.44
0.50
0.53
0.53
0.54
0.52
Liabilities-to-Assets
0.10
0.05
0.04
0.07
0.06
0.05
0.01
-0.02
-0.09
0.04
0.08
0.03
0.12
0.02
0.04
0.02
-- Asset Turnover
1.83
2.22
2.74
1.21
1.28
1.26
7.55
--
--
1.21
0.43
1.39
0.35
4.06
1.34
3.06
16.31
Dividend Payout Ratio
* All financial numbers are in millions except for per share data, ratios and percentage change. When Return-on-Tangible-Equity displays Neg. E, it means the the tangible equity is negative. When ROE % or ROE % Adjusted to Book Value displays Neg. E, it means the the total shareholders equity is negative.
GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Financial Statement

Income Statement

Sep09
Sep10
Sep11
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Sep24
TTM Fiscal Period
46.23
64.13
108
133
174
237
229
211
163
124
139
133
191
249
369
367
341
  Interest Income
-0.64
-1.93
-15.14
-23.25
-33.47
-51.47
-56.65
-54.62
-49.94
-35.73
-32.43
-26.29
-30.52
-46.93
-112
-129
-123
  Interest Expense
45.59
62.20
93.14
110
140
185
173
157
113
88.55
107
107
160
203
257
238
218
Net Interest Income (for Banks)
-10.77
-34.96
-56.47
-22.47
-29.11
-60.10
-144
-200
-297
-31.24
20.39
-54.83
88.00
-163
-132
-181
-219
Non Interest Income
34.82
27.24
36.67
87.47
111
125
29.09
-43.61
-184
57.32
127
52.32
248
39.11
125
57.61
-1.54
Revenue
16.51
5.55
7.94
9.64
11.60
13.40
14.24
23.22
14.79
11.15
7.95
7.12
9.07
9.25
11.66
9.50
9.96
Selling, General, & Admin. Expense
1.32
20.03
36.44
-1.57
-2.32
-0.69
-0.55
-0.27
-1.50
-1.22
-7.99
7.74
-1.61
-3.00
-5.53
-9.69
-20.73
Other Noninterest Expense
17.83
25.58
44.38
8.07
9.28
12.71
13.69
22.95
13.30
9.93
-0.04
14.86
7.47
6.25
6.14
-0.18
-10.77
Total Noninterest Expense
--
--
-1.48
--
--
--
--
--
--
--
--
--
--
--
--
--
-- SpecialCharges
-16.99
20.76
36.44
--
--
--
--
--
--
--
--
--
--
--
--
--
-- Other Income (Expense)
--
22.42
30.21
79.40
102
113
15.40
-66.56
-197
47.38
127
37.45
241
32.86
119
57.80
9.23
Pre-Tax Income
--
--
--
--
--
--
--
--
--
-0.62
-1.01
1.77
-3.58
-3.64
-1.73
0.11
-0.21
Tax Provision
--
--
--
--
--
--
--
--
--
1.31
0.79
-4.73
1.49
11.07
1.46
-0.19
2.24
Tax Rate %
6.19
--
--
--
--
--
--
--
--
--
-0.00
-0.00
--
--
--
0.00
-0.00
Other Net Income (Loss)
6.19
22.42
30.21
79.40
102
113
15.40
-66.56
-197
46.76
126
39.22
237
29.22
117
57.91
9.02
Net Income Including Noncontrolling Interests
6.19
22.42
30.21
79.40
102
113
15.40
-66.56
-197
46.76
126
39.22
237
29.22
117
57.91
9.02
  Net Income (Continuing Operations)
6.19
22.42
30.21
79.40
102
113
15.40
-66.56
-197
46.76
126
39.22
237
29.22
117
57.91
9.02
Net Income
17.79
82.28
82.38
90.78
91.64
89.85
52.93
153
107
81.59
99.24
74.98
95.55
74.71
93.71
101
-585
Net Margin %
0.75
1.47
1.41
3.00
2.76
2.37
0.30
-1.35
-4.17
0.99
2.67
0.84
4.39
0.48
1.63
0.72
0.13
EPS (Basic)
0.75
1.47
1.41
2.91
2.70
2.37
0.30
-1.35
-4.17
0.99
2.67
0.84
4.39
0.48
1.63
0.72
0.13
EPS (Diluted)
8.22
15.15
22.91
29.24
39.35
49.93
53.65
50.45
47.15
46.99
46.99
46.99
54.04
60.73
72.12
80.42
85.92
Shares Outstanding (Diluted Average)
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Financial Statement

Cashflow Statement

Sep09
Sep10
Sep11
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Sep24
TTM Fiscal Period
6.19
22.42
30.21
79.40
102
113
15.40
-66.56
-197
46.76
126
39.22
237
29.22
117
57.91
9.02
Net Income From Continuing Operations
3.83
-0.90
-2.16
-5.69
0.98
-30.34
18.79
-20.06
32.16
-25.83
20.02
-0.41
-6.26
-77.05
-42.61
70.52
32.50
  Change In Receivables
0.42
2.34
10.38
--
--
--
--
--
--
--
--
--
--
--
--
--
--   Change In Payables And Accrued Expense
-43.41
-0.39
-0.94
-0.19
35.76
-37.85
13.18
10.22
21.33
-19.73
21.22
-59.38
27.46
5.64
-64.79
1.08
33.45
  Change In Other Working Capital
-39.16
1.06
7.28
-5.88
36.74
-68.20
31.96
-9.85
53.49
-45.56
41.24
-59.80
21.20
-71.41
-107
71.60
65.95
Change In Working Capital
13.29
-263
-555
-165
-600
-591
98.83
241
630
52.31
48.42
-132
-489
64.58
219
-110
167
Cash Flow from Others
-19.68
-239
-518
-91.56
-462
-546
146
165
487
53.51
216
-153
-231
22.40
229
19.08
242
Cash Flow from Operations
139
179
207
189
480
138
--
--
--
--
--
--
--
20.84
1.37
92.75
117
Issuance of Stock
-0.46
--
--
--
--
-8.06
-25.99
-43.99
-15.42
-1.41
-1.34
-1.88
-2.17
-1.86
-2.42
-1.55
-5.74
Repurchase of Stock
59.00
159
1,546
581
1,255
1,385
818
695
219
434
299
583
854
300
869
255
810
  Issuance of Debt
-59.00
-86.00
-1,154
-576
-1,080
-890
-771
-736
-698
-471
-456
-347
-539
-230
-787
-255
-1,020
  Payments of Debt
--
73.00
392
5.29
174
495
47.06
-40.56
-479
-37.37
-158
236
315
70.00
81.51
--
-210
Net Issuance of Debt
-27.14
-41.82
-76.70
-91.87
-115
-132
-115
-100
-62.53
-54.97
-52.22
-53.10
-79.85
-115
-180
-177
-168
Cash Flow for Dividends
-1.01
-7.59
-13.24
-5.16
-6.64
-3.30
-0.93
-0.40
-0.36
-6.18
-2.88
-4.90
-8.89
-0.55
-10.83
-1.16
-6.11
Other Financing
110
203
509
96.97
532
490
-94.55
-185
-557
-99.93
-214
176
224
-26.82
-110
-86.77
-273
Cash Flow from Financing
22.91
113
76.77
67.36
72.76
143
86.73
138
130
59.91
13.49
15.41
39.10
31.64
26.36
146
137
Beginning Cash Position
--
--
--
--
--
--
--
--
--
--
0.20
0.23
-1.13
-0.85
0.83
0.70
1.69
  Effect of Exchange Rate Changes
90.30
-36.44
-9.12
5.40
70.53
-56.56
51.65
-20.45
-70.45
-46.42
1.92
23.69
-7.46
-5.27
119
-67.00
-29.28
Net Change in Cash
113
76.77
67.64
72.76
143
86.73
138
118
59.91
13.49
15.41
39.10
31.64
26.36
146
78.54
108
Ending Cash Position
-19.68
-239
-518
-91.56
-462
-546
146
165
487
53.51
216
-153
-231
22.40
229
19.08
242
Free Cash Flow
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Financial Satement

Balance Sheet

Sep09
Sep10
Sep11
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Sep24
TTM Fiscal Period
113
76.77
67.64
74.39
143
86.73
138
118
53.02
13.38
15.41
39.10
29.33
23.53
136
63.97
97.84
Balance Sheet Cash And Cash Equivalents
--
--
--
--
4.07
22.32
5.11
12.44
6.90
0.11
--
--
2.30
2.84
9.09
14.58
10.37
Money Market Investments
3.02
--
7.30
12.69
12.19
42.92
23.50
44.72
12.56
38.39
18.37
18.78
33.91
108
161
85.94
66.80
  Other Current Receivables
3.02
--
7.30
12.69
12.19
42.92
23.50
44.72
12.56
38.39
18.37
18.78
33.91
108
161
85.94
66.80
Total Receivables
300
575
1,135
1,302
1,913
2,516
2,419
2,168
1,544
1,500
1,447
1,583
2,571
2,512
2,912
3,034
2,904
Other Assets for Banks
416
652
1,210
1,389
2,072
2,668
2,586
2,343
1,616
1,551
1,481
1,641
2,636
2,646
3,218
3,198
3,079
Total Assets
5.14
--
16.86
18.00
56.30
33.76
28.82
49.13
70.61
52.21
74.75
15.45
49.69
54.04
50.87
51.50
133
Accounts Payable & Accrued Expense
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
-- Short-Term Debt & Capital Lease Obligation
--
--
463
466
646
1,152
1,199
1,149
675
637
473
709
1,269
1,301
1,601
1,639
1,448
Long-Term Debt & Capital Lease Obligation
--
--
0.64
0.52
0.47
0.78
0.89
1.01
0.78
0.74
0.51
0.78
0.97
1.05
1.06
1.10
0.98
Debt-to-Equity
0.19
82.75
1.21
1.18
1.17
3.91
4.95
2.53
2.42
4.00
2.29
1.07
5.13
45.67
50.47
20.34
22.67
Other Liabilities for Banks
5.33
82.75
481
485
703
1,190
1,233
1,201
748
693
550
726
1,324
1,401
1,702
1,711
1,604
Total Liabilities
0.38
0.55
0.72
0.91
1.39
1.53
1.51
1.43
1.41
1.41
1.41
1.41
1.80
0.61
0.77
0.82
0.88
Common Stock
12.12
11.41
-2.26
-8.33
-20.87
-20.91
-26.62
-26.55
-713
-636
-559
-574
-493
-583
-651
-777
-893
Retained Earnings
-41.93
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
-- Accumulated other comprehensive income (loss)
440
620
830
1,019
1,510
1,649
1,632
1,591
1,579
1,493
1,488
1,488
1,804
1,828
2,166
2,264
2,367
Additional Paid-In Capital
--
--
--
--
--
--
-2.54
--
--
--
--
--
--
--
--
--
-- Treasury Stock
-0.00
-62.54
-99.46
-108
-121
-151
-251
-424
-0.00
-0.00
--
--
--
--
--
-0.00
0.00
Other Stockholders Equity
411
569
729
904
1,369
1,478
1,353
1,142
868
858
931
915
1,313
1,246
1,516
1,488
1,475
Total Stockholders Equity
411
569
729
904
1,369
1,478
1,353
1,142
868
858
931
915
1,313
1,246
1,516
1,488
1,475
Total Equity
0.99
0.87
0.60
0.65
0.66
0.55
0.52
0.49
0.54
0.55
0.63
0.56
0.50
0.47
0.47
0.47
0.48
Equity-to-Asset
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Valuation Ratios

Valuation Ratios

Sep09
Sep10
Sep11
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Sep24
TTM Fiscal Period
43.72
22.73
19.83
11.32
11.43
11.62
61.70
At Loss
At Loss
15.03
5.82
17.29
4.82
37.50
12.34
22.65
108
PE Ratio
17.38
22.73
19.83
11.32
11.43
11.62
61.70
At Loss
At Loss
15.03
5.82
17.29
4.82
37.50
12.34
22.65
108
PE Ratio without NRI
1.01
1.07
0.93
1.11
1.04
0.95
0.69
0.73
0.89
0.81
0.78
0.75
0.97
0.88
1.03
0.90
0.84
PB Ratio
1.01
1.07
0.93
1.11
1.04
0.95
0.69
0.73
0.89
0.81
0.78
0.75
0.97
0.88
1.03
0.90
0.84
Price-to-Tangible-Book
--
--
--
--
--
--
6.79
5.34
1.59
13.06
3.38
--
--
48.78
6.34
68.82
4.87
Price-to-Free-Cash-Flow
--
--
--
--
--
--
6.79
5.34
1.59
13.06
3.38
--
--
48.78
6.34
68.82
4.87
Price-to-Operating-Cash-Flow
7.74
18.58
17.46
11.01
10.93
10.98
34.15
--
--
12.20
5.74
13.05
4.61
27.95
11.59
22.78
7,047
PS Ratio
--
--
--
--
--
--
--
--
--
--
--
--
--
9.01
6.53
--
-- PEG Ratio
8.64
19.49
29.18
15.91
17.40
19.75
68.33
-42.74
-7.59
23.08
9.35
25.85
10.12
60.79
24.11
50.62
-1,680
EV-to-Revenue
--
--
--
--
-45.74
-49.41
-56.20
-30.54
-19.53
-4.23
19.91
11.65
8.82
6.26
0.75
-3.60
-3.14
Forward Rate of Return (Yacktman) %
--
--
--
--
--
--
--
--
19.95
17.78
14.91
15.24
16.27
16.51
21.49
22.81
20.10
Shiller PE Ratio
--
--
--
--
--
--
--
--
0.52
0.49
0.54
0.53
0.79
0.65
0.76
0.65
0.57
Cyclically Adjusted PB Ratio
--
--
--
--
--
--
--
--
9.00
11.82
11.39
11.88
13.77
13.31
16.77
16.90
15.26
Cyclically Adjusted PS Ratio
--
--
--
--
--
--
--
--
--
--
--
--
--
--
29.12
7.21
5.30
Cyclically Adjusted Price-to-FCF
10.52
8.89
13.73
10.77
11.18
10.89
14.24
12.39
8.50
8.06
7.34
8.06
7.15
10.83
10.88
13.49
14.16
Dividend Yield %
-4.75
-39.36
-76.78
-9.16
-32.28
-38.81
15.77
19.79
63.15
7.65
29.56
-22.41
-18.10
2.04
14.72
1.42
19.49
FCF Yield %

Valuation and Quality

Sep09
Sep10
Sep11
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Sep24
TTM Fiscal Period
414
608
675
1,000
1,430
1,408
927
832
771
699
730
682
1,273
1,100
1,554
1,341
1,239
Market Cap
301
531
1,070
1,392
1,933
2,473
1,987
1,864
1,393
1,323
1,188
1,352
2,513
2,378
3,018
2,916
2,590
Enterprise Value
32.79
33.42
27.96
32.94
30.86
27.54
18.51
17.43
16.41
14.88
15.54
14.52
21.18
18.00
20.12
16.31
14.07
Month End Stock Price
8.54
-0.33
-17.14
-13.54
-12.09
-21.58
-21.85
-22.68
-14.80
-14.47
-11.39
-14.62
-21.53
-22.53
-20.27
-20.02
-17.10
Net Cash per Share
8.54
-0.33
-17.14
-13.54
-12.09
-21.58
-21.85
-22.68
-14.80
-14.47
-11.39
-14.62
-21.53
-22.53
-20.27
-20.02
-17.10
Net-Net Working Capital
--
--
--
--
-10.01
-33.36
-28.49
-24.27
2.19
7.29
31.74
48.54
28.39
28.22
21.57
15.26
17.67
Intrinsic Value: Projected FCF
37.16
32.18
30.95
44.15
42.36
39.27
13.50
--
--
20.17
34.49
19.18
46.44
14.83
26.83
17.12
7.00
Graham Number
--
--
--
2.87
4.43
0.60
1.69
--
--
--
--
--
--
--
--
--
-- Earnings Power Value (EPV)
N/A
5.00
2.00
6.00
6.00
1.00
4.00
4.00
5.00
6.00
9.00
2.00
4.00
3.00
7.00
4.00
5.00
Piotroski F-Score
--
--
--
-0.79
-1.16
0.61
-2.79
--
--
--
-2.21
-1.41
1.21
13.57
-1.07
-2.90
-- Beneish M-Score
0.99
1.18
1.72
1.07
1.35
1.23
0.91
0.84
0.64
0.92
0.90
1.07
1.56
0.96
1.13
0.95
0.92
Scaled Net Operating Assets
33.51
40.50
41.85
32.94
33.21
31.08
27.81
19.50
17.70
17.64
17.13
16.95
22.05
23.25
21.60
21.54
18.78
Highest Stock Price
16.77
28.50
25.59
26.97
29.61
27.03
18.33
13.62
11.76
12.63
12.45
7.08
13.65
17.82
17.85
15.72
12.50
Lowest Stock Price
-67.50
-44.01
-32.68
-25.80
-52.71
-10.28
2.02
4.65
1.60
--
--
--
-27.95
-1.67
-26.34
-6.50
-8.22
Shares Buyback Ratio %
-33.36
-29.48
-30.66
-18.88
-33.56
-9.25
2.80
5.29
2.00
0.20
0.18
0.28
0.17
-1.73
0.07
-6.80
-8.98
Buyback Yield %
-32.11
-57.54
-11.01
86.82
-5.62
-11.16
-78.39
-259
-351
131
122
-58.87
313
-85.98
170
-58.76
-99.86
YoY Rev. per Sh. Growth
19.05
96.00
-4.08
106
-7.22
-12.22
-87.34
-550
-209
124
170
-68.54
423
-89.07
240
-55.83
-90.44
YoY EPS Growth
8.22
15.15
21.35
26.52
36.76
47.33
51.06
49.14
47.15
46.99
46.99
46.99
54.04
60.73
72.12
80.42
85.92
Shares Outstanding (Basic Average)
12.63
18.18
24.13
30.35
46.35
51.11
50.08
47.75
46.99
46.99
46.99
46.99
60.12
61.13
77.23
82.25
88.09
Shares Outstanding (EOP)
--
--
1.05
0.92
0.91
0.62
0.10
0.07
-0.10
0.38
0.82
1.47
1.54
1.33
0.80
0.52
0.55
Beta
12/09/09
12/02/10
11/29/11
11/28/12
11/25/13
12/01/14
12/01/15
11/29/16
11/29/17
11/29/18
11/20/19
11/19/20
11/16/21
11/15/22
11/14/23
11/19/24
  Filing Date
12/02/10
11/28/12
11/25/13
12/01/14
12/01/15
11/29/16
11/29/17
11/29/18
11/20/19
11/19/20
11/16/21
11/15/22
11/14/23
11/19/24
11/19/24
11/19/24
  Restated Filing Date
12/09/09
11/30/11
11/29/12
11/26/13
12/01/14
11/30/16
11/29/17
11/29/18
11/20/19
11/19/20
11/16/21
11/15/22
11/14/23
11/19/24
  Earnings Release Date
16.00
13.00
70.00
73.00
72.00
70.00
72.00
69.00
66.00
62.00
59.00
61.00
59.00
58.00
54.00
49.00
49.00
Number of Shareholders
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Business & Geographic Segmentation

Business Segments

Sep09
Sep10
Sep11
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Sep24
TTM Fiscal Period
--
--
--
--
--
--
--
74.59
-91.66
139
207
110
350
143
318
264
190
Single Segment

Geographic Segments

Sep09
Sep10
Sep11
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Sep24
TTM Fiscal Period
--
--
--
--
--
--
--
74.59
-91.66
139
207
109
350
143
318
264
-- United States
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Jul 03, 2025
Oaktree Specialty Lending Corp (NAS:OCSL)
www.gurufocus.com/stock/NAS:OCSL/summary

Explanation

1. Predictability Rank

GuruFocus Predictability Rank is a proprietary ranking of the consistency of a business. We rank the predictability of companies based on the consistency of their revenue per share and EBITDA (earnings before interest, tax, depreciation and amortization) per share over the past 10 fiscal years. Our study found that there is a strong correlation between the stock performance and the predictability of a business. Over the long term, companies with higher predictability also have better stock performance.

The rank is from 1-star to 5-star, with 5-star as the best.

2. Financial Strength

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

  1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
  2. Debt to revenue ratio. The lower, the better.
  3. Altman Z-Score.

The rank is from 1 to 10, with 10 as the highest.

A Financial Strength rank of 8 or above indicates good financial strength; between 4-7 indicates fair financial strength; 3 or below means poor financial strength.

3. Profitability Rank

GuruFocus Profitability Rank indicates how profitable a company is and how likely it is that the company's business will stay that way. It is based on these factors:

  1. Operating Margin %.
  2. Piotroski F-Score.
  3. Trend of the Operating Margin percentage (five-year average). A company with an uptrend in profit margin will have a higher rank.
  4. Consistency of the profitability.
  5. Predictability Rank.

The rank is from 1 to 10, with 10 as the highest.

A Profitability Rank of 8 or above indicates good profitability; between 4-7 indicates fair profitability; 3 or below means poor profitability.

4. Peter Lynch Chart

In Peter Lynch's excellent book, "One Up on Wall Street," he used many charts to illustrate the valuation of stocks. “A quick way to tell if a stock is overpriced is to compare the price line to the earnings line. If you bought familiar growth companies – such as Shoney’s, The Limited, or Marriott – when the stock price fell well below the earnings line, and sold them when the stock price rose dramatically above it, the chances are you’d do pretty well.”

The original Peter Lynch Chart does have limitations due to the right side price scale is pre-set at 15 times the earnings scale on the left side. When the stock price and earnings line coincide, the price-to-earnings ratio is always 15 times. Instead of using the fixed PE Ratio of 15, our approach is using 15-year historical median PE without NRI Ratio for each stock.

The Peter Lynch Chart with earnings line at median PE without NRI ratio works well for the companies with steady growth and earnings trends, or the stalwarts, as coined by Lynch. These companies tend to be found in sectors such as consumer staples, healthcare, and utilities, where the consumption of the product or service is relatively independent of economic conditions. It does not work well with the sectors that are cyclical: industrials, chemicals, durable goods, and so forth.

5. GF Value

Based on the relationship between the current stock price and the GF Value, GuruFocus provides the following 6 evaluations:

  1. Possible Value Trap, Think Twice
  2. Significantly Overvalued
  3. Modestly Overvalued
  4. Fairly Valued
  5. Modestly Undervalued
  6. Significantly Undervalued
There is only a sufficient margin of safety when the stock is undervalued.

Disclaimer

GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.