GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Franklin BSP Lending Corp (OTCPK:BDVC) » Definitions » Return-on-Tangible-Equity

Franklin BSP Lending (Franklin BSP Lending) Return-on-Tangible-Equity : 9.28% (As of Sep. 2023)


View and export this data going back to 2016. Start your Free Trial

What is Franklin BSP Lending Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Franklin BSP Lending's annualized net income for the quarter that ended in Sep. 2023 was $156.6 Mil. Franklin BSP Lending's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $1,687.1 Mil. Therefore, Franklin BSP Lending's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 9.28%.

The historical rank and industry rank for Franklin BSP Lending's Return-on-Tangible-Equity or its related term are showing as below:

BDVC' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.5   Med: 5.61   Max: 14.17
Current: 6.84

During the past 12 years, Franklin BSP Lending's highest Return-on-Tangible-Equity was 14.17%. The lowest was -2.50%. And the median was 5.61%.

BDVC's Return-on-Tangible-Equity is ranked better than
57.01% of 1677 companies
in the Asset Management industry
Industry Median: 5.07 vs BDVC: 6.84

Franklin BSP Lending Return-on-Tangible-Equity Historical Data

The historical data trend for Franklin BSP Lending's Return-on-Tangible-Equity 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.

Franklin BSP Lending Return-on-Tangible-Equity Chart

Franklin BSP Lending Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.90 6.27 -2.50 14.17 5.16

Franklin BSP Lending Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Return-on-Tangible-Equity 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 5.70 3.00 7.88 7.05 9.28

Competitive Comparison of Franklin BSP Lending's Return-on-Tangible-Equity

For the Asset Management subindustry, Franklin BSP Lending's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


Franklin BSP Lending's Return-on-Tangible-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Franklin BSP Lending's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Franklin BSP Lending's Return-on-Tangible-Equity falls into.



Franklin BSP Lending Return-on-Tangible-Equity Calculation

Franklin BSP Lending's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=81.982/( (1509.492+1665.457 )/ 2 )
=81.982/1587.4745
=5.16 %

Franklin BSP Lending's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=156.568/( (1681.535+1692.764)/ 2 )
=156.568/1687.1495
=9.28 %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Franklin BSP Lending  (OTCPK:BDVC) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Franklin BSP Lending Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Franklin BSP Lending's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Franklin BSP Lending (Franklin BSP Lending) Business Description

Traded in Other Exchanges
N/A
Address
9 West 57th Street, Suite 4920, 49th Floor, New York, NY, USA, 10019
Franklin BSP Lending Corp is an externally managed, non-diversified closed-end management investment company. The company has elected to be regulated as a business development company. The company's investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in senior secured loans, and to a lesser extent, mezzanine loans, unsecured loans and equity of predominantly private U.S. middle-market companies. It also purchases interests in loans or corporate bonds through secondary market transactions.
Executives
Michael Frick officer: Secretary 9 WEST 57TH STREET, 49TH FLOOR, SUITE 4920, NEW YORK NY 10019
Nina Kang Baryski officer: CFO & Treasurer 9 WEST 57TH STREET, SUITE 4920, NEW YORK NY 10019
Dennis M Schaney director MORGAN STANLEY INVESTMENT MANAGEMENT, 522 FIFTH AVENUE, FLOOR 6, NEW YORK NY 10036
Lee S Hillman director 222 S RIVERSIDE PLAZE STE 2800, CHICAGO IL 60606
Ronald J Kramer director 712 FIFTH AVENUE, NEW YORK NY 10019
Richard J Byrne director, officer: See Remarks 350 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Leeor P. Avigdor officer: Corporate Secretary C/O 9 WEST 57TH ST., SUITE 4920, NEW YORK NY 10019
Weil Edward M Jr. director C/O AMERICAN REALTY CAPITAL 405 PARK AVE, NEW YORK NY 10022
Pankovcin Corinne officer: CFO, Secretary and Treasurer BUSINESS DEVELOPMENT CORP OF AMERICA, 405 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022
James A. Fisher officer: President, COO C/O BUSINESS DEVELOPMENT CORP OF AMERICA, 405 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022
Randolph C Read director C/O NEW YORK REIT, INC., 405 PARK AVENUE, NEW YORK NY 10022
Nicholas Radesca officer: CFO and Treasurer C/O SOLAR CAPITAL LLC, 500 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10022
Robert Grunewald officer: Chief Investment Officer 405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022
Bdca Adviser, Llc 10 percent owner 405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022
Brian S Block officer: CFO and Treasurer C/O AMERICAN FINANCIAL REALTY TRUST, 1725 THE FALWAY, JENKINTOWN PA 19048