GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Oaktree Specialty Lending Corp (NAS:OCSL) » Definitions » Cyclically Adjusted Price-to-FCF

Oaktree Specialty Lending (Oaktree Specialty Lending) Cyclically Adjusted Price-to-FCF : 7.24 (As of May. 15, 2024)


View and export this data going back to 1997. Start your Free Trial

What is Oaktree Specialty Lending Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Oaktree Specialty Lending's current share price is $19.47. Oaktree Specialty Lending's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.69. Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF for today is 7.24.

The historical rank and industry rank for Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

OCSL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.16   Med: 28.54   Max: 123
Current: 7.18

During the past years, Oaktree Specialty Lending's highest Cyclically Adjusted Price-to-FCF was 123.00. The lowest was 7.16. And the median was 28.54.

OCSL's Cyclically Adjusted Price-to-FCF is ranked better than
55.77% of 104 companies
in the Credit Services industry
Industry Median: 9.315 vs OCSL: 7.18

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Oaktree Specialty Lending's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.221. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $2.69 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Oaktree Specialty Lending Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Oaktree Specialty Lending Cyclically Adjusted Price-to-FCF Chart

Oaktree Specialty Lending Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 28.15

Oaktree Specialty Lending Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 115.19 63.95 28.15 10.39 7.31

Competitive Comparison of Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF

For the Credit Services subindustry, Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF falls into.



Oaktree Specialty Lending Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=19.47/2.69
=7.24

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Oaktree Specialty Lending's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Oaktree Specialty Lending's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.221/129.4194*129.4194
=-0.221

Current CPI (Mar. 2024) = 129.4194.

Oaktree Specialty Lending Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.190 100.560 2.819
201409 1.944 100.428 2.505
201412 -4.064 99.070 -5.309
201503 3.224 99.621 4.188
201506 5.523 100.684 7.099
201509 -1.970 100.392 -2.540
201512 0.287 99.792 0.372
201603 1.340 100.470 1.726
201606 -0.071 101.688 -0.090
201609 1.720 101.861 2.185
201612 3.761 101.863 4.778
201703 2.315 102.862 2.913
201706 0.836 103.349 1.047
201709 3.400 104.136 4.226
201712 1.290 104.011 1.605
201803 0.385 105.290 0.473
201806 0.738 106.317 0.898
201809 -1.275 106.507 -1.549
201812 1.849 105.998 2.258
201903 -0.258 107.251 -0.311
201906 1.300 108.070 1.557
201909 1.703 108.329 2.035
201912 -0.925 108.420 -1.104
202003 -1.662 108.902 -1.975
202006 -1.834 108.767 -2.182
202009 1.167 109.815 1.375
202012 0.342 109.897 0.403
202103 -2.642 111.754 -3.060
202106 1.284 114.631 1.450
202109 -3.234 115.734 -3.616
202112 0.386 117.630 0.425
202203 -1.499 121.301 -1.599
202206 0.388 125.017 0.402
202209 1.083 125.227 1.119
202212 -1.797 125.222 -1.857
202303 0.631 127.348 0.641
202306 0.632 128.729 0.635
202309 3.158 129.860 3.147
202312 0.014 129.419 0.014
202403 -0.221 129.419 -0.221

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Oaktree Specialty Lending  (NAS:OCSL) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Oaktree Specialty Lending Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Oaktree Specialty Lending (Oaktree Specialty Lending) Business Description

Traded in Other Exchanges
Address
333 South Grand Avenue, 28th Floor, Los Angeles, CA, USA, 90071
Oaktree Specialty Lending Corp is a specialty finance company. It 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. Its investments generally range in size from ten million dollars to hundred million dollars and are principally in the form of the first lien, second lien, or collectively, senior secured, and subordinated debt investments, which may also include an equity component made in connection with investments by private equity sponsors.
Executives
Matthew Stewart officer: Chief Operating Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Christopher Mckown officer: See Remarks C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Phyllis R Caldwell director AMERICAN CAPITAL, LTD., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Ashley Pak officer: Chief Compliance Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Mathew Pendo officer: Chief Operating Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Leonard M Tannenbaum director, officer: CEO and President 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Deborah Ann Gero director 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Richard Ruben director C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Armen Panossian officer: Chief Executive Officer 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Craig A Jacobson director C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Melvin Carlisle officer: Chief Financial Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Bruce Zimmerman director C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Marc Gamsin director 1999 AVENUE OF THE STARS, SUITE 2150, LOS ANGELES CA 90067
John Frank director C/O OAKTREE CAPITAL MANAGEMENT, 333 SOUTH GRAND 28TH FLOOR, LOS ANGELES CA 90071
Edgar Lee officer: See Remarks C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVE, 28TH FLOOR, LOS ANGELES CA 90071

Oaktree Specialty Lending (Oaktree Specialty Lending) Headlines

From GuruFocus

Howard Marks' Oaktree Leans Into Oaktree Special Lending Position

By Graham Griffin Graham Griffin 06-04-2021

Top 5 4th Quarter Trades of Muzinich & Co., Inc.

By GuruFocus Research GuruFocus Editor 02-10-2023