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OFS Capital

Nasdaq:OFS
Snowflake Description

Very undervalued with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OFS
Nasdaq
$47M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. The last earnings update was 23 days ago. More info.


Add to Portfolio Compare Print
  • OFS Capital is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • OFS Capital has significant price volatility in the past 3 months.
OFS Share Price and Events
7 Day Returns
-22.5%
NasdaqGS:OFS
-1.1%
US Capital Markets
-2.8%
US Market
1 Year Returns
-70.7%
NasdaqGS:OFS
-14.5%
US Capital Markets
-15.9%
US Market
OFS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
OFS Capital (OFS) -22.5% -64.9% -68.3% -70.7% -75.5% -71.5%
US Capital Markets -1.1% -17.6% -24.9% -14.5% 0.6% 18.4%
US Market -2.8% -18.8% -24% -15.9% 2.8% 13.3%
1 Year Return vs Industry and Market
  • OFS underperformed the Capital Markets industry which returned -14.5% over the past year.
  • OFS underperformed the Market in United States of America which returned -15.9% over the past year.
Price Volatility
OFS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is OFS 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 OFS 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 OFS Capital.

NasdaqGS:OFS 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
= $13.70 * 5.5%
$0.75
Book Value of Equity per Share Median Book Value from the past 5 years. $13.70
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NasdaqGS:OFS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.743 (1 + (1- 21%) (748.58%))
1.123
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.123 * 5.44%)
7.85%

Discounted Cash Flow Calculation for NasdaqGS:OFS using Excess Returns Model Model

The calculations below outline how an intrinsic value for OFS 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.

NasdaqGS:OFS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.5% – 7.85%) * $13.70)
$-0.33
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.33 / (7.85% - 1.74%)
$-5.34
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $13.70 + $-5.34
$8.36
NasdaqGS:OFS Discount to Share Price
Calculation Result
Value per share (USD) From above. $8.36
Current discount Discount to share price of $3.52
= -1 x ($3.52 - $8.36) / $8.36
57.9%

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

Current Discount
Amount off the current price OFS Capital is available for.
Intrinsic value
>50%
Share price is $3.52 vs Future cash flow value of $8.36
Current Discount Checks
For OFS Capital to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • OFS Capital's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • OFS 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 OFS Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are OFS Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:OFS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.71
NasdaqGS:OFS Share Price ** NasdaqGS (2020-04-03) in USD $3.52
United States of America Capital Markets Industry PE Ratio Median Figure of 92 Publicly-Listed Capital Markets Companies 33.66x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.21x

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

** Primary Listing of OFS Capital.

NasdaqGS:OFS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 3.52 ÷ 0.71

4.92x

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

  • OFS Capital is good value based on earnings compared to the US Capital Markets industry average.
  • OFS Capital is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does OFS Capital's expected growth come at a high price?
Raw Data
NasdaqGS:OFS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
29%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 2.03x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

NasdaqGS:OFS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.92x ÷ 29%

0.17x

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

  • OFS Capital is good value based on expected growth next year.
Price based on value of assets
What value do investors place on OFS Capital's assets?
Raw Data
NasdaqGS:OFS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $12.46
NasdaqGS:OFS Share Price * NasdaqGS (2020-04-03) in USD $3.52
United States of America Capital Markets Industry PB Ratio Median Figure of 182 Publicly-Listed Capital Markets Companies 7.67x
United States of America Market PB Ratio Median Figure of 5,146 Publicly-Listed Companies 1.2x
NasdaqGS:OFS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.52 ÷ 12.46

0.28x

* Primary Listing of OFS Capital.

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

  • OFS Capital is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess OFS 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. OFS Capital has a total score of 6/6, 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 OFS Capital expected to perform in the next 1 to 3 years based on estimates from 2 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
29%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is OFS Capital expected to grow at an attractive rate?
  • OFS Capital's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • OFS Capital's earnings growth is expected to exceed the United States of America market average.
  • OFS Capital's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:OFS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:OFS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 29%
NasdaqGS:OFS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 1.3%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.3%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
NasdaqGS:OFS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:OFS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 55 18 1
2020-12-31 51 17 2
2020-04-05
NasdaqGS:OFS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 53 -102 10
2019-09-30 52 -101 5
2019-06-30 49 -71 8
2019-03-31 46 -89 10
2018-12-31 43 -101 10
2018-09-30 39 -73 18
2018-06-30 37 -51 14
2018-03-31 34 -75 7
2017-12-31 33 11 8
2017-09-30 33 -29 9
2017-06-30 32 -43 10
2017-03-31 31 7 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • OFS Capital's earnings are expected to grow significantly at over 20% yearly.
  • OFS Capital's revenue is expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).
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
NasdaqGS:OFS 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 2 Analyst Estimates (S&P Global) See Below

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

NasdaqGS:OFS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.36 1.36 1.36 1.00
2020-12-31 1.26 1.32 1.19 2.00
2020-04-05
NasdaqGS:OFS Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.71
2019-09-30 0.36
2019-06-30 0.61
2019-03-31 0.73
2018-12-31 0.72
2018-09-30 1.33
2018-06-30 1.03
2018-03-31 0.49
2017-12-31 0.64
2017-09-30 0.75
2017-06-30 0.93
2017-03-31 1.69

*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 OFS Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess OFS 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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
OFS Capital has a total score of 3/6, 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 OFS 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 OFS 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.
  • OFS Capital's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • OFS Capital's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • OFS Capital's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
OFS 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 OFS Capital Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:OFS 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 52.52 9.55 17.59
2019-09-30 51.67 4.75 17.21
2019-06-30 48.80 8.17 16.57
2019-03-31 46.18 9.81 15.73
2018-12-31 42.83 9.57 15.22
2018-09-30 38.56 17.82 13.89
2018-06-30 36.70 13.81 13.21
2018-03-31 34.40 6.54 11.98
2017-12-31 33.43 7.91 11.74
2017-09-30 33.34 8.58 11.95
2017-06-30 31.58 9.80 11.48
2017-03-31 31.29 16.42 12.07
2016-12-31 31.09 13.83 11.65
2016-09-30 31.76 15.18 11.82
2016-06-30 32.09 14.21 11.95
2016-03-31 32.49 17.28 11.68
2015-12-31 32.26 18.23 11.89
2015-09-30 30.34 15.55 10.66
2015-06-30 28.85 17.97 9.87
2015-03-31 25.43 11.12 8.59
2014-12-31 22.82 9.94 8.11
2014-09-30 20.32 7.62 7.91
2014-06-30 18.14 4.16 7.42
2014-03-31 17.72 6.86 7.80
2013-12-31 17.07 7.68 7.00
2013-09-30 16.85 2.32 6.49
2013-06-30 16.87 10.20 5.83

*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.
  • OFS Capital has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • OFS Capital used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • OFS Capital has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess OFS 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.
OFS Capital has a total score of 2/6, 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 OFS 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 OFS Capital's finances.

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

NasdaqGS:OFS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 166.63 352.48 13.45
2019-09-30 170.41 335.96 7.97
2019-06-30 173.13 281.51 9.40
2019-03-31 174.26 278.79 15.16
2018-12-31 175.02 254.83 38.17
2018-09-30 183.60 212.82 6.04
2018-06-30 182.93 203.71 22.67
2018-03-31 182.45 188.27 31.93
2017-12-31 188.34 164.82 72.95
2017-09-30 188.66 164.23 53.87
2017-06-30 192.00 153.03 46.92
2017-03-31 145.39 154.94 44.09
2016-12-31 143.78 156.34 17.66
2016-09-30 142.21 146.75 27.99
2016-06-30 143.08 146.65 44.59
2016-03-31 142.01 146.56 42.23
2015-12-31 143.01 146.46 32.71
2015-09-30 140.12 149.88 41.51
2015-06-30 141.84 149.88 35.57
2015-03-31 137.57 205.23 21.30
2014-12-31 137.47 199.91 12.45
2014-09-30 137.10 146.14 14.29
2014-06-30 136.52 118.39 21.39
2014-03-31 139.19 129.46 37.00
2013-12-31 140.38 134.96 28.57
2013-09-30 139.16 84.08 6.84
2013-06-30 142.05 94.16 9.95
  • OFS Capital's level of debt (211.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (145.5% vs 211.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess OFS 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. OFS Capital has a total score of 0/6, 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 OFS 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
38.64%
Current annual income from OFS Capital dividends. Estimated to be 38.64% next year.
If you bought $2,000 of OFS Capital shares you are expected to receive $773 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?
  • OFS Capital's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.07%).
  • OFS Capital's dividend is above the markets top 25% of dividend payers in United States of America (5.82%).
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
NasdaqGS:OFS 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 2 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1936 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

NasdaqGS:OFS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.36 1.00
2020-12-31 1.36 2.00
2020-04-05
NasdaqGS:OFS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-13 1.360 30.504
2019-11-08 1.360 12.314
2019-08-02 1.360 11.767
2019-03-08 1.360 11.263
2018-11-02 1.360 12.119
2018-05-04 1.360 11.678
2018-02-12 1.360 12.094
2017-11-03 1.360 11.345
2017-08-04 1.360 10.387
2017-05-05 1.360 9.609
2016-11-04 1.360 9.706
2016-08-08 1.360 9.965
2016-08-05 1.360 10.041
2016-05-06 1.360 10.308
2016-04-15 1.360 10.413
2015-11-06 1.360 11.999
2015-08-07 1.360 12.581
2015-05-08 1.360 11.469
2015-03-06 1.360 11.111
2014-08-08 1.360 11.283
2014-05-09 1.360 10.718
2014-01-21 1.360 10.742
2013-09-25 1.360 10.999
2013-06-25 1.360 11.303
2013-03-26 1.360 10.658
2012-12-13 1.360 9.599

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

  • Whilst dividend payments have been stable, OFS Capital has been paying a dividend for less than 10 years.
  • OFS Capital has only been paying a dividend for 7 years, and since then there has been no growth.
Current Payout to shareholders
What portion of OFS Capital's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess OFS Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 OFS Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. OFS Capital has a total score of 2/6, 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 OFS 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
Bilal Rashid
COMPENSATION $0
AGE 48
TENURE AS CEO 5.8 years
CEO Bio

Mr. Bilal Rashid serves as President, Chief Executive Officer since 2017 and Chairman at OFS Credit Company, Inc since 2018. He serves as the Chief Executive Officer and President at OFS Capital Management, LLC. Mr. Rashid is responsible for the strategic initiatives and capital markets related activities of OFS Management. Prior to joining the firm in 2008, Mr. Rashid was a Managing Director in the Global Markets & Investment Banking (GMI) division at Merrill Lynch. Over the years, he has advised and arranged financing for commercial finance companies including Business Development Companies (BDCs), banks and asset management companies including hedge funds and private equity firms. Before joining Merrill Lynch, he was a Vice President at Natixis Capital Markets from 2003 to 2005. Mr. Rashid joined Natixis as part of a large team move from CIBC World Markets. Prior to that, he worked as a Financial Analyst at Lehman Brothers from 1993 to 1995 and as an Investment Analyst in the project finance area at the International Finance Corporation (IFC), which is part of the World Bank from 1995 to 1997. He served as a Director of CIBC World Markets from 1999 to 2003. Mr. Rashid has experience in investment banking, debt capital markets and investing as it relates to corporate credit, structured credit and securitization. Mr. Rashid holds an MBA from Columbia University in 1999 and a BS in Electrical Engineering from Carnegie Mellon University in 1993.

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

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

4.8
Average Tenure
55.5
Average Age
  • The tenure for the OFS Capital management team is about average.
Management Team

Bilal Rashid

TITLE
Chairman & CEO
AGE
48
TENURE
5.8 yrs

Jeff Cerny

TITLE
CFO, Treasurer & Director
AGE
56
TENURE
5.8 yrs

Jeffery Owen

TITLE
Chief Accounting Officer
AGE
55
TENURE
4.3 yrs

Steve Altebrando

TITLE
VP of Investor Relations
TENURE
5.3 yrs

Mukya Porter

TITLE
Chief Compliance Officer
AGE
45
TENURE
3.3 yrs

Tod Reichert

TITLE
Corporate Secretary
AGE
57
TENURE
3.3 yrs

Richard Ressler

TITLE
Chairman of the Board
AGE
61
Board of Directors Tenure

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

7.5
Average Tenure
56
Average Age
  • The tenure for the OFS Capital board of directors is about average.
Board of Directors

Bilal Rashid

TITLE
Chairman & CEO
AGE
48
TENURE
5.8 yrs

Jeff Cerny

TITLE
CFO, Treasurer & Director
AGE
56
TENURE
4.8 yrs

Marc Abrams

TITLE
Independent Director
COMPENSATION
$100K
AGE
73
TENURE
9.3 yrs

Robert Cresci

TITLE
Lead Independent Director
COMPENSATION
$100K
AGE
75

Elaine Healy

TITLE
Independent Director
COMPENSATION
$100K
AGE
56
TENURE
9.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess OFS 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. OFS 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

OFS Capital Corporation (OFS): What Are The Future Prospects?

Analysts covering OFS Capital Corporation (NASDAQ:OFS) are predicting double-digit earnings per share growth of 29.44% over the next 12 months. … This illustrates a relatively optimistic outlook in the near term, with a relatively solid earnings per share growth rate of 29.44% over the next 1-2 years. … In the same period revenue is predicted to increase from $32M $37M NasdaqGS:OFS Past Future Earnings Nov 3rd 17 Basis for the growth The past can be an insightful indicator for future performance for a stock.

Simply Wall St -

Company Info

Description

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It does not invest in operational turnarounds or start-up businesses. For direct, it specializes in debt and structured equity investments, recapitalizations and refinancing, management and leveraged buyouts, acquisition financings, shareholder liquidity events, growth capital, independent sponsor transactions, ESOPs, and minority investments in the lower middle market companies. It invests in the aerospace and defense, business services, consumer products and services, food and beverage, health care services, specialty chemicals, transportation and logistics, value added distribution, franchising, and industrial and niche manufacturing sectors. The firm invests in companies based in United States. It seeks to invest between $5 million and $20 million, revenues between $10 million and $200 million, Annual EBITDA more than $3 million, and Enterprise value between $10 million and $500 million. The firm seeks to invest in companies with debt investment values between $5 million and $25 million. The fund uses senior secured, unitranche loans, first-lien, second-lien, subordinated/ mezzanine loans, warrants, and preferred equity securities and common equity securities. It prefers to take a minority stake in the investments made. It also co-invests with its partners for additional capital.

Details
Name: OFS Capital Corporation
OFS
Exchange: NasdaqGS
Founded: 2001
$47,086,462
13,376,836
Website: http://www.ofscapital.com
Address: OFS Capital Corporation
10 South Wacker Drive,
Suite 2500,
Chicago,
Illinois, 60606,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS OFS Common Stock Nasdaq Global Select US USD 08. Nov 2012
Number of employees
Current staff
Staff numbers
44
OFS Capital employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 07:37
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/13
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.