Sixth Street Specialty Lending, Inc.

Sixth Street Specialty Lending, Inc.

TSLXยทNYSE

$17.27

-4.1%
Financial ServicesAsset Management

Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. It seeks to finance and lending to middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1 billion or more and EBITDA between $10 million and $250 million. The transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.

At a Glance

Live Snapshot
Market Cap$1.64B
EPS1.8100
P/E Ratio9.54
Earnings Date07/29/2026
Sixth Street Specialty Lending, Inc.

Sixth Street Specialty Lending, Inc. Fair Value Envelope

TSLX ยท NYSE

Our analysis suggests that TSLX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $17.27, this represents a potential HIDDEN relative to our calculated worth for Sixth Street Specialty Lending, Inc..

Intrinsic Value
Current Price: $17.27

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$2.0B
+ Cash & Equivalents$2.9M
Firm Value$2.0B
- Debt$1.7B
Equity Value$242.8M
/ Shares Outstanding94,493,900B
DCF Value$3
OVERVALUED BY 85%

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
$173.6M
$167.1M
$160.9M
$154.9M
$149.2M
$143.6M
$138.3M
$133.1M
$128.2M
$123.4M
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$173.6M
$167.1M
$160.9M
$154.9M
$149.2M
$143.6M
$138.3M
$133.1M
$128.2M
$123.4M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$160.7M
$143.3M
$127.7M
$113.9M
$101.5M
$90.5M
$80.7M
$71.9M
$64.1M
$57.2M
Terminal Value represents 49.0% of Enterprise Value