CGBD - NASDAQ

Carlyle Secured Lending, Inc.

Carlyle Secured Lending, Inc.

CGBDยทNASDAQ

$10.58

-3.5%
Financial ServicesAsset Management

TCG BDC, Inc. is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector. The fund seeks to invest across United States of America, Luxembourg, Cayman Islands, Cyprus, and United Kingdom. It invests in companies with EBITDA between $25 million and $100 million.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$735.28M
EPS1.0200
P/E Ratio10.37
Earnings Date08/04/2026
Carlyle Secured Lending, Inc.

Carlyle Secured Lending, Inc. Fair Value Envelope

CGBD ยท NASDAQ

Our analysis suggests that CGBD has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $10.58, this represents a potential HIDDEN relative to our calculated worth for Carlyle Secured Lending, Inc..

HIDDEN
Intrinsic Value
Current Price: $10.58

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$176.3M
+ Cash & Equivalents$76.5M
Firm Value-$99.8M
- Debt$1.5B
Equity Value-$1.6B
/ Shares Outstanding72,902,981B
DCF Value-$22
OVERVALUED BY 311%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$102.3M
-$51.1M
-$25.6M
-$12.8M
-$6.4M
-$3.2M
-$1.6M
-$799.1K
-$399.5K
-$199.8K
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
-$102.3M
-$51.1M
-$25.6M
-$12.8M
-$6.4M
-$3.2M
-$1.6M
-$799.1K
-$399.5K
-$199.8K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$94.7M
-$43.8M
-$20.3M
-$9.4M
-$4.4M
-$2.0M
-$932.5K
-$431.7K
-$199.9K
-$92.5K
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.

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