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Oaktree Specialty Lending (Oaktree Specialty Lending) Cyclically Adjusted FCF per Share : $2.69 (As of Mar. 2024)


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What is Oaktree Specialty Lending Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Oaktree Specialty Lending's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-0.221. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $2.69 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Oaktree Specialty Lending's average Cyclically Adjusted FCF Growth Rate was 1581.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Oaktree Specialty Lending was 39.50% per year. The lowest was 27.90% per year. And the median was 37.60% per year.

As of today (2024-05-16), Oaktree Specialty Lending's current stock price is $19.38. Oaktree Specialty Lending's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.69. Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF of today is 7.20.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Oaktree Specialty Lending was 123.00. The lowest was 7.15. And the median was 28.54.


Oaktree Specialty Lending Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Oaktree Specialty Lending's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Oaktree Specialty Lending Cyclically Adjusted FCF per Share Chart

Oaktree Specialty Lending Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.46 -3.84 -1.49 -1.21 0.71

Oaktree Specialty Lending Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.30 0.71 1.97 2.69

Competitive Comparison of Oaktree Specialty Lending's Cyclically Adjusted FCF per Share

For the Credit Services subindustry, Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF falls into.



Oaktree Specialty Lending Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Oaktree Specialty Lending's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.221/131.7762*131.7762
=-0.221

Current CPI (Mar. 2024) = 131.7762.

Oaktree Specialty Lending Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.190 100.560 2.870
201409 1.944 100.428 2.551
201412 -4.064 99.070 -5.406
201503 3.224 99.621 4.265
201506 5.523 100.684 7.229
201509 -1.970 100.392 -2.586
201512 0.287 99.792 0.379
201603 1.340 100.470 1.758
201606 -0.071 101.688 -0.092
201609 1.720 101.861 2.225
201612 3.761 101.863 4.865
201703 2.315 102.862 2.966
201706 0.836 103.349 1.066
201709 3.400 104.136 4.302
201712 1.290 104.011 1.634
201803 0.385 105.290 0.482
201806 0.738 106.317 0.915
201809 -1.275 106.507 -1.578
201812 1.849 105.998 2.299
201903 -0.258 107.251 -0.317
201906 1.300 108.070 1.585
201909 1.703 108.329 2.072
201912 -0.925 108.420 -1.124
202003 -1.662 108.902 -2.011
202006 -1.834 108.767 -2.222
202009 1.167 109.815 1.400
202012 0.342 109.897 0.410
202103 -2.642 111.754 -3.115
202106 1.284 114.631 1.476
202109 -3.234 115.734 -3.682
202112 0.386 117.630 0.432
202203 -1.499 121.301 -1.628
202206 0.388 125.017 0.409
202209 1.083 125.227 1.140
202212 -1.797 125.222 -1.891
202303 0.631 127.348 0.653
202306 0.632 128.729 0.647
202309 3.158 129.860 3.205
202312 0.014 129.419 0.014
202403 -0.221 131.776 -0.221

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Oaktree Specialty Lending  (NAS:OCSL) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Oaktree Specialty Lending's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=19.38/2.69
=7.20

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Oaktree Specialty Lending was 123.00. The lowest was 7.15. And the median was 28.54.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Oaktree Specialty Lending Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Oaktree Specialty Lending's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Oaktree Specialty Lending (Oaktree Specialty Lending) Business Description

Traded in Other Exchanges
Address
333 South Grand Avenue, 28th Floor, Los Angeles, CA, USA, 90071
Oaktree Specialty Lending Corp is a specialty finance company. It provides lending services and invests in small and mid-sized companies. The company's investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. Its investments generally range in size from ten million dollars to hundred million dollars and are principally in the form of the first lien, second lien, or collectively, senior secured, and subordinated debt investments, which may also include an equity component made in connection with investments by private equity sponsors.
Executives
Matthew Stewart officer: Chief Operating Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Christopher Mckown officer: See Remarks C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Phyllis R Caldwell director AMERICAN CAPITAL, LTD., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Ashley Pak officer: Chief Compliance Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Mathew Pendo officer: Chief Operating Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Leonard M Tannenbaum director, officer: CEO and President 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Deborah Ann Gero director 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Richard Ruben director C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Armen Panossian officer: Chief Executive Officer 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Craig A Jacobson director C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Melvin Carlisle officer: Chief Financial Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Bruce Zimmerman director C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Marc Gamsin director 1999 AVENUE OF THE STARS, SUITE 2150, LOS ANGELES CA 90067
John Frank director C/O OAKTREE CAPITAL MANAGEMENT, 333 SOUTH GRAND 28TH FLOOR, LOS ANGELES CA 90071
Edgar Lee officer: See Remarks C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVE, 28TH FLOOR, LOS ANGELES CA 90071

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