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Oxford Square Capital

DB:22T
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
22T
DB
$133M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Oxford Square Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company. The last earnings update was 31 days ago. More info.


Add to Portfolio Compare Print
  • Oxford Square Capital is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Oxford Square Capital has significant price volatility in the past 3 months.
22T Share Price and Events
7 Day Returns
26.7%
DB:22T
12.3%
DE Capital Markets
7.2%
DE Market
1 Year Returns
-53.1%
DB:22T
-8.8%
DE Capital Markets
-17.5%
DE Market
22T Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Oxford Square Capital (22T) 26.7% -49.3% -44.4% -53.1% -61.2% -58.5%
DE Capital Markets 12.3% -26.5% -16.8% -8.8% -29% -56.3%
DE Market 7.2% -22.3% -26.1% -17.5% -25.7% -29.1%
1 Year Return vs Industry and Market
  • 22T underperformed the Capital Markets industry which returned -8.8% over the past year.
  • 22T underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
22T
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Oxford Square Capital undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Oxford Square Capital to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Oxford Square Capital.

DB:22T Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $7.49 * 11.1%
$0.83
Book Value of Equity per Share Median Book Value from the past 5 years. $7.49
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:22T
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.754 (1 + (1- 21%) (100.85%))
1.238
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.238 * 5.44%)
6.34%

Discounted Cash Flow Calculation for DB:22T using Excess Returns Model Model

The calculations below outline how an intrinsic value for Oxford Square Capital is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:22T Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.1% – 6.34%) * $7.49)
$0.35
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.35 / (6.34% - -0.39%)
$5.25
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $7.49 + $5.25
$12.75
DB:22T Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:22T represents 0.97794x of NasdaqGS:OXSQ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97794x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 12.75 x 0.97794
€12.47
Value per share (EUR) From above. €12.47
Current discount Discount to share price of €2.66
= -1 x (€2.66 - €12.47) / €12.47
78.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Oxford Square Capital is available for.
Intrinsic value
>50%
Share price is €2.66 vs Future cash flow value of €12.47
Current Discount Checks
For Oxford Square Capital to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Oxford Square Capital's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Oxford Square Capital's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Oxford Square Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Oxford Square Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:22T PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.69
NasdaqGS:OXSQ Share Price ** NasdaqGS (2020-03-27) in USD $2.72
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 21.49x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Oxford Square Capital.

DB:22T PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:OXSQ Share Price ÷ EPS (both in USD)

= 2.72 ÷ -0.69

-3.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oxford Square Capital is loss making, we can't compare its value to the DE Capital Markets industry average.
  • Oxford Square Capital is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Oxford Square Capital's expected growth come at a high price?
Raw Data
DB:22T PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.49x
Germany Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Oxford Square Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Oxford Square Capital's assets?
Raw Data
DB:22T PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $5.12
NasdaqGS:OXSQ Share Price * NasdaqGS (2020-03-27) in USD $2.72
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.61x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.42x
DB:22T PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:OXSQ Share Price ÷ Book Value per Share (both in USD)

= 2.72 ÷ 5.12

0.53x

* Primary Listing of Oxford Square Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oxford Square Capital is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Oxford Square Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Oxford Square Capital has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Oxford Square Capital expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
41.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Oxford Square Capital expected to grow at an attractive rate?
  • Oxford Square Capital is expected to become profitable in the next 1-3 years, this is considered above the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Unable to compare Oxford Square Capital's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Oxford Square Capital's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:22T Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 41.2%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:22T Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:22T Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 51 33 1
2020-03-28
DB:22T Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 63 48 -33
2019-09-30 64 43 -62
2019-06-30 66 -64 -22
2019-03-31 57 -56 -8
2018-12-31 56 -34 -9
2018-09-30 55 -45 41
2018-06-30 54 97 41
2018-03-31 58 143 43
2017-12-31 61 218 44
2017-09-30 67 261 63
2017-06-30 70 270 100
2017-03-31 70 257 140

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Oxford Square Capital is expected to become profitable in the next 1-3 years, this is considered high growth.
  • Unable to determine if Oxford Square Capital is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:22T Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Oxford Square Capital Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:22T Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.68 0.68 0.68 1.00
2020-03-28
DB:22T Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.69
2019-09-30 -1.30
2019-06-30 -0.46
2019-03-31 -0.16
2018-12-31 -0.19
2018-09-30 0.82
2018-06-30 0.80
2018-03-31 0.84
2017-12-31 0.85
2017-09-30 1.23
2017-06-30 1.95
2017-03-31 2.71

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Oxford Square Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Oxford Square Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Oxford Square Capital has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Oxford Square Capital performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Oxford Square Capital's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Oxford Square Capital does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Oxford Square Capital's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Oxford Square Capital's 1-year growth to the DE Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Oxford Square Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Oxford Square Capital Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:22T Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 62.65 -32.80 14.27
2019-09-30 64.41 -62.01 15.83
2019-06-30 65.55 -22.39 17.55
2019-03-31 57.16 -7.95 15.80
2018-12-31 56.28 -9.21 15.59
2018-09-30 54.53 41.33 15.47
2018-06-30 53.80 40.83 15.16
2018-03-31 58.30 43.05 16.41
2017-12-31 61.42 43.61 17.79
2017-09-30 66.84 63.49 19.21
2017-06-30 70.44 100.38 22.33
2017-03-31 70.48 139.53 23.31
2016-12-31 69.28 110.36 25.30
2016-09-30 69.22 6.81 28.16
2016-06-30 74.26 -65.84 28.24
2016-03-31 80.99 -104.07 30.31
2015-12-31 87.46 -66.13 27.95
2015-09-30 97.21 -27.36 27.31
2015-06-30 104.25 1.11 27.77
2015-03-31 110.41 4.21 27.46
2014-12-31 117.32 -3.35 28.96
2014-09-30 119.26 38.19 29.83
2014-06-30 116.53 63.04 32.37
2014-03-31 112.02 51.36 29.53
2013-12-31 105.09 58.94 30.34
2013-09-30 91.58 60.01 28.56
2013-06-30 79.72 64.28 27.91
2013-03-31 74.76 72.08 27.78

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Oxford Square Capital has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Oxford Square Capital has efficiently used its assets last year compared to the DE Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Oxford Square Capital improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Oxford Square Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Oxford Square Capital has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Oxford Square Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Oxford Square Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Oxford Square Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Oxford Square Capital's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Oxford Square Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Oxford Square Capital Company Filings, last reported 2 months ago.

DB:22T Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 248.00 134.38 14.41
2019-09-30 258.96 153.97 8.94
2019-06-30 300.83 158.84 10.34
2019-03-31 317.94 140.05 10.08
2018-12-31 314.72 148.19 13.91
2018-09-30 368.27 150.12 8.64
2018-06-30 373.41 157.48 124.24
2018-03-31 383.81 62.42 48.81
2017-12-31 388.42 62.34 30.01
2017-09-30 382.29 156.76 119.60
2017-06-30 386.57 227.64 88.75
2017-03-31 387.75 196.14 66.05
2016-12-31 385.99 219.97 8.26
2016-09-30 364.62 313.45 34.72
2016-06-30 336.64 348.45 13.51
2016-03-31 303.30 348.10 23.97
2015-12-31 360.93 347.75 23.18
2015-09-30 468.56 501.41 21.22
2015-06-30 515.69 501.30 13.68
2015-03-31 523.05 501.18 15.97
2014-12-31 520.81 501.08 20.51
2014-09-30 567.25 451.12 27.61
2014-06-30 585.23 450.97 18.10
2014-03-31 589.11 450.82 74.57
2013-12-31 526.24 450.68 14.93
2013-09-30 528.06 450.53 29.02
2013-06-30 513.34 450.38 28.01
2013-03-31 526.44 390.11 60.18
  • Oxford Square Capital's level of debt (54.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (96.2% vs 54.2% today).
  • Debt is well covered by operating cash flow (35.5%, greater than 20% of total debt).
  • Oxford Square Capital is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Oxford Square Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Oxford Square Capital has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Oxford Square Capital's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
29.56%
Current annual income from Oxford Square Capital dividends. Estimated to be 29.41% next year.
If you bought €2,000 of Oxford Square Capital shares you are expected to receive €591 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Oxford Square Capital's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Oxford Square Capital's dividend is above the markets top 25% of dividend payers in Germany (4.96%).
Upcoming dividend payment

Purchase Oxford Square Capital before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:22T Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:22T Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.80 1.00
2020-03-28
DB:22T Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.804 25.191
2019-10-30 0.804 14.362
2019-07-31 0.804 13.103
2019-07-30 0.804 12.009
2019-05-01 0.804 12.464
2019-04-30 0.804 12.514
2019-02-28 0.800 12.356
2018-10-31 0.800 12.157
2018-10-30 0.800 12.669
2018-08-01 0.800 11.423
2018-07-31 0.800 11.381
2018-02-27 0.800 12.116
2017-11-02 0.800 13.757
2017-08-08 0.800 12.007
2017-05-08 0.800 11.586
2017-03-03 0.800 11.017
2017-03-02 0.800 11.088
2016-03-10 1.140 19.500
2015-05-11 1.160 18.633
2015-02-26 1.080 15.583
2014-08-07 1.160 13.817
2014-05-12 1.160 12.037
2014-03-10 1.160 11.882
2013-11-07 1.160 11.192
2013-08-06 1.160 11.811
2013-05-07 1.160 11.820
2013-03-12 1.160 11.767
2012-07-30 1.160 11.351
2012-05-04 1.080 11.351
2012-03-08 1.080 11.221
2011-11-08 1.000 10.880
2011-08-04 1.000 11.546
2011-05-05 1.000 10.187
2011-03-09 0.960 8.893
2010-11-04 0.960 8.328
2010-08-05 0.880 9.004
2010-05-07 0.800 9.753
2010-05-06 0.800 10.804
2010-03-11 0.600 8.644
2009-11-05 0.600 10.165
2009-08-06 0.600 11.834
2009-05-07 0.600 13.856

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Oxford Square Capital's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Oxford Square Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Oxford Square Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Oxford Square Capital has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Oxford Square Capital's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jonathan Cohen
COMPENSATION $0
AGE 54
TENURE AS CEO 17.2 years
CEO Bio

Mr. Jonathan H. Cohen has been the Chief Executive Officer of Oxford Square Capital Corp. (formerly, TICC Capital Corp.) since 2003. He is also the Chief Executive Officer of Oxford Lane Capital Corp. Mr. Cohen has been the Chief Executive Officer of Oxford Lane Management since 2010. He has been the Chief Executive Officer of T-Equity Capital Corporation since 2006. He serves as the Chief Executive Officer at TICC Management, LLC. He serves as the Managing Member of BDC Partners. He is the owner, managing member and Principal of JHC Capital Management. Mr. Cohen has also served as Chief Executive Officer of Oxford Bridge Management, LLC since November 2015. He served as the President at TICC Capital Corp. until October 27, 2004. Mr. Cohen served as the Chief Executive Officer of TAC Acquisition Corp. since 2005 and also served as its Principal Financial Officer. He served as the Chief Executive Officer of TIM since 2003. He served as the Chief Executive Officer of T2 Advisers, LLC since 2005. He served as the Principal and Managing Member of Privet Financial Securities, LLC from 2003 to 2004. Prior to establishing JHC Capital in 2001, Mr. Cohen served as the Managing Director, Director of Research and Head of the Transaction Development Group at Wit Soundview from 1999 to 2001 and Managing Director and Head of Internet and PC Software Research at Merrill Lynch from 1998 to 1999. He served as a Managing Director, Head of Technology Strategy and Head of PC Software and Internet Research at UBS from 1997 to 1998 and Managing Director, Head of Special Situations Research, Manager of the Special Situations Recommended Portfolio and Head of PC Software and Internet Research at Smith Barney from 1993 to 1997. He served as a Portfolio Manager at Royce Technology Value Fund. Mr. Cohen is a Member of the Board of Trustees of Connecticut College. He has been an Interested Director at TICC Capital Corp. since 2003. He serves as a Director of T-Equity Capital Corp. He serves as a Director of Technology Investment Capital Corp. and TAC Acquisition Corp. Mr. Cohen served as the Chairman of TAC Acquisition Corp. He was named to the 1996, 1997 and 1998 Institutional Investor All American Research Teams and has run technology research groups covering software, hardware, telecommunications and semiconductor stocks. He has many years of experience in technology-related equity research. Mr. Cohen holds an MBA from the Columbia University in 1990 and a BA in Economics from the Connecticut College in 1987.

CEO Compensation
  • Insufficient data for Jonathan to compare compensation growth.
  • Insufficient data for Jonathan to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Oxford Square Capital management team in years:

10
Average Tenure
57
Average Age
  • The average tenure for the Oxford Square Capital management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jonathan Cohen

TITLE
CEO & Interested Director
AGE
54
TENURE
17.2 yrs

Saul Rosenthal

TITLE
President & COO
AGE
50
TENURE
15.3 yrs

Bruce Rubin

TITLE
CFO, Treasurer & Secretary
AGE
60
TENURE
4.6 yrs

Eli Smoroda

TITLE
Senior Accounting Manager

Jerry Cummins

TITLE
Chief Compliance Officer
AGE
64
TENURE
4.8 yrs

Gannon McCaffery

TITLE
Head of Business Development

Debdeep Maji

TITLE
Senior Managing Director & Portfolio Manager

Michael Testa

TITLE
Controller & Vice President of Finance

Kevin Yonon

TITLE
MD & Portfolio Manager

Joe Kupka

TITLE
Principal
Board of Directors Tenure

Average tenure and age of the Oxford Square Capital board of directors in years:

10.6
Average Tenure
63
Average Age
  • The average tenure for the Oxford Square Capital board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Steven Novak

TITLE
Independent Chairman of the Board
COMPENSATION
$155K
AGE
71
TENURE
4 yrs

Jonathan Cohen

TITLE
CEO & Interested Director
AGE
54
TENURE
17.2 yrs

Rick Neu

TITLE
Lead Director
COMPENSATION
$135K
AGE
63

Chuck Royce

TITLE
Interested Director
AGE
79
TENURE
17.2 yrs

Chip Stelljes

TITLE
Independent Director
COMPENSATION
$128K
AGE
57
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Oxford Square Capital individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Mar 20 Buy George Stelljes Individual 17. Mar 20 18. Mar 20 12,000 €2.59 €30,002
17. Mar 20 Buy Jonathan Cohen Individual 13. Mar 20 13. Mar 20 7,662 €2.40 €18,376
16. Mar 20 Buy Richard Neu Individual 13. Mar 20 13. Mar 20 20,000 €2.44 €48,439
13. Mar 20 Sell Steven Novak Individual 11. Mar 20 11. Mar 20 -13,130 €3.58 €-46,951
04. Dec 19 Buy Saul Rosenthal Individual 02. Dec 19 04. Dec 19 35,744 €4.78 €169,932
02. Dec 19 Buy Saul Rosenthal Individual 27. Nov 19 29. Nov 19 12,997 €4.75 €61,435
X
Management checks
We assess Oxford Square Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Oxford Square Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Oxford Square Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company. It is a private equity and mezzanine firm. The firm invests in both public and private companies. It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, common stock and syndicated bank loans. The firm primarily invests in debt and/or equity securities of technology-related companies that operate in the computer software, Internet, information technology infrastructure and services, media, telecommunications and telecommunications equipment, semiconductors, hardware, technology-enabled services, semiconductor capital equipment, medical device technology, diversified technology, and networking systems sectors. It concentrates its investments in companies having annual revenues of less than $200 million and a market capitalization or enterprise value of less than $300 million. The firm invests between $5 million and $30 million per transaction. It seeks to exit its investments within 7 years. It serves as the investment adviser to TICC. Oxford Square Capital Corp., formerly known as TICC Capital Corp., was founded in 2003 and is headquartered in Greenwich, Connecticut.

Details
Name: Oxford Square Capital Corp.
22T
Exchange: DB
Founded: 2003
$120,182,111
48,990,575
Website: http://www.ticc.com
Address: Oxford Square Capital Corp.
8 Sound Shore Drive,
Suite 255,
Greenwich,
Connecticut, 06830,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS OXSQ Common Stock Nasdaq Global Select US USD 21. Nov 2003
DB 22T Common Stock Deutsche Boerse AG DE EUR 21. Nov 2003
Number of employees
Current staff
Staff numbers
0
Oxford Square Capital employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 23:16
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/02/27
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.