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Bain Capital Specialty Finance

DB:618
Snowflake Description

Solid track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
618
DB
$414M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Bain Capital Specialty Finance, Inc. operates as a business development company (BDC) specializing in direct loans to middle-market companies. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
  • Bain Capital Specialty Finance is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Bain Capital Specialty Finance has significant price volatility in the past 3 months.
618 Share Price and Events
7 Day Returns
-29.8%
DB:618
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-52.1%
DB:618
-6.9%
DE Capital Markets
-17.2%
DE Market
618 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bain Capital Specialty Finance (618) -29.8% -50.9% -54.8% -52.1% - -
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • 618 underperformed the Capital Markets industry which returned -6.9% over the past year.
  • 618 underperformed the Market in Germany which returned -17.2% over the past year.

Value

 Is Bain Capital Specialty Finance 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 Bain Capital Specialty Finance 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 Bain Capital Specialty Finance.

DB:618 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
= $18.05 * 3.6%
$0.65
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $18.05
Discount Rate (Cost of Equity) See below 10.5%
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:618
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))
= 0.753 (1 + (1- 21%) (380.61%))
2.351
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:618 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bain Capital Specialty Finance 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:618 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.6% – 10.49%) * $18.05)
$-1.25
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.25 / (10.49% - -0.39%)
$-11.46
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $18.05 + $-11.46
$6.58
DB:618 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:618 represents 1.03371x of NYSE:BCSF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.03371x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 6.58 x 1.03371
€6.81
Value per share (EUR) From above. €6.81
Current discount Discount to share price of €8.28
= -1 x (€8.28 - €6.81) / €6.81
-21.7%

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

  • The current share price of Bain Capital Specialty Finance is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Bain Capital Specialty Finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bain Capital Specialty Finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:618 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.90
NYSE:BCSF Share Price ** NYSE (2020-04-01) in USD $8.01
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

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

** Primary Listing of Bain Capital Specialty Finance.

DB:618 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BCSF Share Price ÷ EPS (both in USD)

= 8.01 ÷ 1.90

4.21x

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

  • Bain Capital Specialty Finance is good value based on earnings compared to the DE Capital Markets industry average.
  • Bain Capital Specialty Finance is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bain Capital Specialty Finance's expected growth come at a high price?
Raw Data
DB:618 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-10.2%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:618 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.21x ÷ -10.2%

-0.41x

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

  • Bain Capital Specialty Finance earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bain Capital Specialty Finance's assets?
Raw Data
DB:618 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $19.72
NYSE:BCSF Share Price * NYSE (2020-04-01) in USD $8.01
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:618 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BCSF Share Price ÷ Book Value per Share (both in USD)

= 8.01 ÷ 19.72

0.41x

* Primary Listing of Bain Capital Specialty Finance.

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

  • Bain Capital Specialty Finance is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Bain Capital Specialty Finance'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. Bain Capital Specialty Finance 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 Bain Capital Specialty Finance expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
-10.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bain Capital Specialty Finance expected to grow at an attractive rate?
  • Bain Capital Specialty Finance's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Bain Capital Specialty Finance's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Bain Capital Specialty Finance's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:618 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:618 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -10.2%
DB:618 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -2.9%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:618 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:618 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 187 80 4
2020-12-31 196 85 4
2020-04-02
DB:618 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 198 -243 98
2019-09-30 177 -586 67
2019-06-30 151 -700 68
2019-03-31 122 -895 55
2018-12-31 99 -774 27
2018-09-30 76 -786 43
2018-06-30 57 -639 32
2018-03-31 40 -775 29
2017-12-31 25 -697 19
2017-09-30 15 -459 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bain Capital Specialty Finance's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Bain Capital Specialty Finance's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:618 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Bain Capital Specialty Finance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:618 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 1.54 1.64 1.35 4.00
2020-12-31 1.62 1.64 1.57 4.00
2020-04-02
DB:618 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.90
2019-09-30 1.32
2019-06-30 1.40
2019-03-31 1.24
2018-12-31 0.69
2018-09-30 1.32
2018-06-30 1.10
2018-03-31 1.20
2017-12-31 0.99
2017-09-30 0.56

*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.
  • Bain Capital Specialty Finance is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bain Capital Specialty Finance'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.
Bain Capital Specialty Finance has a total score of 0/6, 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 Bain Capital Specialty Finance 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 Bain Capital Specialty Finance'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.
  • Bain Capital Specialty Finance has delivered over 20% year on year earnings growth in the past 5 years.
  • Bain Capital Specialty Finance's 1-year earnings growth exceeds its 5-year average (268.1% vs 68.4%)
  • Bain Capital Specialty Finance's earnings growth has exceeded the DE Capital Markets industry average in the past year (268.1% vs 3.2%).
Earnings and Revenue History
Bain Capital Specialty Finance'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 Bain Capital Specialty Finance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:618 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 197.95 98.09 46.75
2019-09-30 176.92 66.86 39.11
2019-06-30 150.90 67.65 33.27
2019-03-31 121.73 54.60 23.06
2018-12-31 99.29 26.65 19.35
2018-09-30 75.56 43.43 15.44
2018-06-30 56.72 31.64 11.08
2018-03-31 39.82 29.05 9.89
2017-12-31 24.61 19.30 6.45
2017-09-30 15.46 13.85 5.24
2016-12-31 0.87 0.61 1.83
2016-07-14 -0.89 0.89

*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.
  • Bain Capital Specialty Finance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bain Capital Specialty Finance used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Bain Capital Specialty Finance has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Bain Capital Specialty Finance'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.
Bain Capital Specialty Finance has a total score of 5/6, 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 Bain Capital Specialty Finance'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 Bain Capital Specialty Finance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bain Capital Specialty Finance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bain Capital Specialty Finance's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Bain Capital Specialty Finance'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 Bain Capital Specialty Finance Company Filings, last reported 3 months ago.

DB:618 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,018.40 1,574.64 37.34
2019-09-30 1,018.23 1,657.58 71.63
2019-06-30 1,021.20 1,505.10 100.96
2019-03-31 1,019.83 914.90 80.62
2018-12-31 1,001.63 634.93 15.28
2018-09-30 883.96 597.26 152.74
2018-06-30 754.56 446.52 140.99
2018-03-31 634.47 389.40 122.74
2017-12-31 506.96 451.00 140.92
2017-09-30 506.90 0.00 38.54
2016-12-31 110.34 59.10 66.73
2016-07-14 -0.67 0.00
  • Bain Capital Specialty Finance's level of debt (154.6%) compared to net worth is high (greater than 40%).
  • Unable to establish if Bain Capital Specialty Finance's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Bain Capital Specialty Finance'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. Bain Capital Specialty Finance has a total score of 1/6, 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 Bain Capital Specialty Finance'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
20.47%
Current annual income from Bain Capital Specialty Finance dividends. Estimated to be 20.04% next year.
If you bought €2,000 of Bain Capital Specialty Finance shares you are expected to receive €409 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?
  • Bain Capital Specialty Finance's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Bain Capital Specialty Finance's dividend is above the markets top 25% of dividend payers in Germany (4.87%).
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:618 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 5 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:618 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.64 1.00
2021-12-31 1.57 5.00
2020-12-31 1.63 5.00
2020-04-02
DB:618 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-26 1.640 13.118
2019-08-07 1.640 8.565
2019-05-08 1.640 8.855
2018-12-19 1.640 8.579

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

  • It is too early to tell whether Bain Capital Specialty Finance has stable dividend payments.
  • Bain Capital Specialty Finance only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Bain Capital Specialty Finance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Bain Capital Specialty Finance'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 Bain Capital Specialty Finance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bain Capital Specialty Finance 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 Bain Capital Specialty Finance'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
Michael Ewald
COMPENSATION $0
AGE 45
CEO Bio

Mr. Michael Alexander Ewald serves as President, Chief executive Officer, Managing Director and Director at Bain Capital Specialty Finance Inc. He is also Managing Director at Bain Capital Credit, LP. He also is Portfolio Manager for Bain Capital Credit's Middle Market Opportunities and Senior Direct Lending fund strategies. He joined Bain Capital Credit in 1998. Previously, Mr. Ewald was an Associate Consultant at Bain & Company for three years where he focused on strategy consulting to the Financial Services, Manufacturing and Consumer Products industries. Prior to that, he worked at Credit Suisse First Boston as an analyst in the Regulated Industries group. Mr. Ewald received an M.B.A. from the Amos Tuck School of Business at Dartmouth College and a B.A. magna cum laude from Tufts University.

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

Jeff Hawkins

TITLE
MD & Chairman of the Board
AGE
48

Michael Ewald

TITLE
President
AGE
45

Sally Fassler Dornaus

TITLE
MD & CFO
AGE
44
TENURE
3.8 yrs

Derek Kirby

TITLE
Investor Contact

James Goldman

TITLE
Vice President of Compliance
AGE
42
TENURE
3.8 yrs

Michael Boyle

TITLE
Managing Director
AGE
33
Board of Directors Tenure

Average tenure and age of the Bain Capital Specialty Finance board of directors in years:

3.8
Average Tenure
58
Average Age
  • The tenure for the Bain Capital Specialty Finance board of directors is about average.
Board of Directors

Jeff Hawkins

TITLE
MD & Chairman of the Board
AGE
48

Michael Ewald

TITLE
President
AGE
45
TENURE
3.8 yrs

Tom Hough

TITLE
Director
AGE
66
TENURE
4.3 yrs

Jay Margolis

TITLE
Director
AGE
70
TENURE
3.8 yrs

David Fubini

TITLE
Director
AGE
65
TENURE
3.8 yrs

Amy Butte

TITLE
Independent Director
AGE
51
TENURE
0.7 yrs

Clare Richer

TITLE
Independent Director
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bain Capital Specialty Finance individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Mar 20 Buy Jeffrey Hawkins Individual 12. Mar 20 12. Mar 20 16,650 €13.47 €224,345
11. Mar 20 Buy Michael Ewald Individual 11. Mar 20 11. Mar 20 9,000 €14.81 €133,281
10. Mar 20 Buy Jeffrey Hawkins Individual 10. Mar 20 10. Mar 20 14,500 €15.15 €219,708
10. Mar 20 Buy Michael Ewald Individual 10. Mar 20 10. Mar 20 18,000 €15.13 €272,211
03. Mar 20 Buy Jay Margolis Individual 03. Mar 20 03. Mar 20 6,000 €17.39 €104,322
02. Mar 20 Buy Thomas Hough Individual 02. Mar 20 02. Mar 20 8,009 €16.81 €134,630
12. Nov 19 Buy Amy Butte Individual 12. Nov 19 12. Nov 19 2,800 €17.24 €48,280
29. Aug 19 Buy Michael Boyle Individual 27. Aug 19 27. Aug 19 4,150 €16.53 €68,614
28. Aug 19 Buy Clare Richer Individual 28. Aug 19 28. Aug 19 5,417 €16.65 €90,218
22. Aug 19 Buy Michael Ewald Individual 21. Aug 19 22. Aug 19 27,483 €16.53 €451,446
X
Management checks
We assess Bain Capital Specialty Finance'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. Bain Capital Specialty Finance 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

Bain Capital Specialty Finance, Inc. operates as a business development company (BDC) specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt. It typically invests in companies with EBITDA between $10 million and $150 million.

Details
Name: Bain Capital Specialty Finance, Inc.
618
Exchange: DB
Founded: 2015
$378,342,362
51,649,812
Website: http://www.baincapital.com
Address: Bain Capital Specialty Finance, Inc.
200 Clarendon Street,
Boston,
Massachusetts, 02116,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BCSF Common Stock New York Stock Exchange US USD 15. Nov 2018
DB 618 Common Stock Deutsche Boerse AG DE EUR 15. Nov 2018
Number of employees
Current staff
Staff numbers
0
Bain Capital Specialty Finance employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 00:49
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/03/31
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.