FS Credit Opportunities Corp.

FS Credit Opportunities Corp.

FSCO·NYSE

$4.86

-1.2%
Financial ServicesAsset Management

FS Credit Opportunities Corp. is a close ended fixed income fund launched by Franklin Square Capital Partners. The fund is co-managed by FS Global Advisor, LLC and GSO Capital Partners LP. It invests in fixed income markets across the globe, with a strong focus on Europe and the United States. The fund seeks to invest in securities of companies that are operating across diversified sectors. It primarily invests in global credit, including secured and unsecured floating and fixed rate loans, bonds, and other credit instruments that companies use to finance their operations. The fund seeks to generate total return by employing an event-driven approach that focuses on companies that are undervalued by the market. It seeks companies that are expected to benefit from corporate events such as mergers, acquisitions, or corporate reorganizations. FS Credit Opportunities Corp. was formed on January 28, 2013 and is domiciled in the United States.

At a Glance

Live Snapshot
Market Cap$983.03M
EPS0.7600
P/E Ratio6.39
Earnings Date05/26/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is compressed (P/E 6.4).

Valuation inputs: P/E 6.4, earnings yield +15.6%, momentum -1.2%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +10.4%, ROIC +7.0%).

Profitability stack: net margin +72.6%, ROE +10.4%, ROIC +7.0%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +33.4%, momentum -1.2%, net margin +72.6%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

fsco

FS Credit Opportunities Corp. Market vs Earnings Trajectory

FSCO · NYSE

Loading price and EPS data...

FS Credit Opportunities Corp.

FS Credit Opportunities Corp. Fair Value Envelope

FSCO · NYSE

Our analysis suggests that FSCO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $4.86, this represents a potential HIDDEN relative to our calculated worth for FS Credit Opportunities Corp..

Intrinsic Value
Current Price: $4.86
3Y-196.0%
5Y-196.0%
10Y-196.0%
3Y-309.0%
5Y-309.0%
10Y-309.0%
3Y-196.0%
5Y-196.0%
10Y-196.0%
3Y+101.0%
5Y+101.0%
10Y+101.0%
3Y+101.0%
5Y+101.0%
10Y+101.0%
3Y+7.0%
5Y+7.0%
10Y+7.0%
FS Credit Opportunities Corp.

FS Credit Opportunities Corp. Profit Bridge

FSCO · NYSE
Revenue206.35M
Cost of Goods Sold (42.76M)
Gross Profit163.59M
Operating Expenses (9.84M)
Operating Income153.75M
Interest Expense (42.76M)
Other Income/Expense0.00
Pretax Income153.75M
Income Tax (4.01M)
Net Income149.75M
Net Income
149.75M

Profitability Analysis

Gross Margin

79.3%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

74.5%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

72.6%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

2.6%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

79.28%
Gross Profit Margin
-2%
3Y-42.0%
5Y-42.0%
10Y-42.0%
74.51%
Operating Profit Margin
-4%
3Y-51.0%
5Y-51.0%
10Y-51.0%
72.57%
Net Profit Margin
-2%
3Y-54.0%
5Y-54.0%
10Y-54.0%
10.41%
Return on Equity
-21%
3Y-184.0%
5Y-184.0%
10Y-184.0%
6.94%
Return on Assets
-14%
3Y-190.0%
5Y-190.0%
10Y-190.0%
7.03%
Return on Invested Capital
-14%
3Y-190.0%
5Y-190.0%
10Y-190.0%
FSCO

FS Credit Opportunities Corp. Cash Conversion Engine

FSCO · NYSE
Net Income149.75M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital17.84M
Others344.63M
Capital Expenditures0.00
Free Cash Flow512.21M

Cash Flow Quality Analysis

FCF Conversion Rate

342.1%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

FCF Growth Trend

+663.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$17.84M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

fsco

FS Credit Opportunities Corp. Funding & Solvency Profile

FSCO · NYSE
Cash & Cash Equivalents398.93M
Net Receivables0.00
Inventory0.00
Other Current Assets0.00
Total Current Assets399 M
Property, Plant & Equipment0.00
Goodwill & Intangible Assets0.00
Long-Term Investments196.00K
Other Non-Current Assets1.76B
Total Non-Current Assets2 B
Total Assets
2.16B

Financial Health Analysis

Current Ratio

13.64x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.50x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

370 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

18% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

fsco

FS Credit Opportunities Corp. Street Expectations Map

FSCO · NYSE

No Target Data

No analyst price targets available for fsco.

fsco

FS Credit Opportunities Corp. Insider Positioning

FSCO · NYSE

During the last 12 months, insiders have purchased $259K worth of FSCO shares, with no selling activity reported.

3 Months

Bought

2.5K

12.10K

Sold

0

0.00

Net Activity

+12K

+$12K

3-6 Months

Bought

41.5K

218.66K

Sold

0

0.00

Net Activity

+219K

+$219K

6-9 Months

Bought

1.6K

9.81K

Sold

0

0.00

Net Activity

+10K

+$10K

9-12 Months

Bought

2.5K

18.11K

Sold

0

0.00

Net Activity

+18K

+$18K

Top Buyers

1
FMC

Forman Michael C.

Director, Officer: See Remarks

38.5K shares3 transactions

$200K

2
BK

Bethel Keith

Director

5.0K shares2 transactions

$30K

3
CD

Clark Della

Director

3.0K shares1 transactions

$19K

4
FBJ

Fouss Barbara J

Director

1.6K shares1 transactions

$10K

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $259K net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

∞:1

Perfect buy/sell ratio. Only buying activity with zero selling—the most bullish possible insider signal.

Recent Trend (3 Months)

$12K

Very strong recent buying momentum. Recent insider purchases significantly outpace sales, suggesting near-term optimism.

Insider Participation

High Buying

4 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Strong confluence of bullish signals: High buy/sell ratio, multiple insiders participating, and recent buying momentum all point to significant insider confidence. This level of coordinated buying often precedes positive developments.

No Dividend Yield Data

FSCO has not reported any dividend yield values in the available annual periods.

 

fsco Dividend History

FSCO
10Y CAGR +2%
Latest $0.058
Annual $0.8496
5 year growth trend
Last Period: +0%