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Sixth Street Specialty Lending (Sixth Street Specialty Lending) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


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What is Sixth Street Specialty Lending Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sixth Street Specialty Lending Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Sixth Street Specialty Lending's Cyclically Adjusted Price-to-FCF 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.

Sixth Street Specialty Lending Cyclically Adjusted Price-to-FCF Chart

Sixth Street Specialty Lending Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Sixth Street Specialty Lending Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Sixth Street Specialty Lending's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Sixth Street 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.


Sixth Street Specialty Lending's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Sixth Street Specialty Lending Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Sixth Street Specialty Lending's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Sixth Street Specialty Lending's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.992/129.4194*129.4194
=-0.992

Current CPI (Dec. 2023) = 129.4194.

Sixth Street Specialty Lending Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -2.920 99.695 -3.791
201406 1.481 100.560 1.906
201409 -1.191 100.428 -1.535
201412 -0.233 99.070 -0.304
201503 -1.432 99.621 -1.860
201506 -0.892 100.684 -1.147
201509 0.721 100.392 0.929
201512 -1.930 99.792 -2.503
201603 -0.626 100.470 -0.806
201606 -0.364 101.688 -0.463
201609 0.078 101.861 0.099
201612 0.204 101.863 0.259
201703 1.674 102.862 2.106
201706 1.091 103.349 1.366
201709 0.515 104.136 0.640
201712 -1.895 104.011 -2.358
201803 -2.781 105.290 -3.418
201806 -0.162 106.317 -0.197
201809 0.136 106.507 0.165
201812 4.437 105.998 5.417
201903 -1.326 107.251 -1.600
201906 -2.770 108.070 -3.317
201909 0.722 108.329 0.863
201912 -2.349 108.420 -2.804
202003 2.314 108.902 2.750
202006 2.470 108.767 2.939
202009 -0.453 109.815 -0.534
202012 -1.290 109.897 -1.519
202103 -0.334 111.754 -0.387
202106 -1.528 114.631 -1.725
202109 2.787 115.734 3.117
202112 -0.998 117.630 -1.098
202203 0.995 121.301 1.062
202206 -1.416 125.017 -1.466
202209 -3.071 125.227 -3.174
202212 0.670 125.222 0.692
202303 -0.903 127.348 -0.918
202306 -1.343 128.729 -1.350
202309 0.420 129.860 0.419
202312 -0.992 129.419 -0.992

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


Sixth Street Specialty Lending  (NYSE:TSLX) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Sixth Street Specialty Lending Cyclically Adjusted Price-to-FCF Related Terms

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


Sixth Street Specialty Lending (Sixth Street Specialty Lending) Business Description

Traded in Other Exchanges
Address
2100 McKinney Avenue, Suite 1500, Dallas, TX, USA, 75201
Sixth Street Specialty Lending Inc is a specialty finance company focused on providing flexible, fully committed financing solutions to middle market companies located in the united states of america. It partners with companies across a variety of industries and excel at providing creative solutions to companies with complex business models that may have limited access to capital. The company seeks to generate income in U.S.-domiciled middle-market companies through direct originations of interest income from the investments we hold. In addition, we may generate income from dividends on equity investments, capital gains on the sale of investments and various loan origination and other fees.
Executives
P Emery Covington director 2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Hurley Doddy director 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Michael Graf officer: Principal Accounting Officer 301 COMMERCE STREET, FORT WORTH TX 76102
Anton Brett officer: Chief Compliance Officer C/O SIXTH STREET PARTNERS, LLC, 2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Steven Pluss officer: Vice President C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, FORT WORTH TX 76102
Joshua Peck officer: Vice President C/O SIXTH STREET PARTNERS, LLC, 2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Jennifer Gordon officer: Chief Compliance Officer C/O TPG GLOBAL, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Ian Simmonds officer: Chief Financial Officer 301 COMMERCE STREET, FORT WORTH TX 76102
Judy S Slotkin director 888 PARK AVENUE, NEW YORK NY 10021
Richard A Higginbotham director FLEETBOSTON FINANCIAL CORP, 100 FEDERAL STREET, BOSTON MA 02110
Joshua Easterly director, officer: Vice President 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
John Ross director 830 PARK AVENUE, APARTMENT 11B, NEW YORK NY 10021
Kenneth Joseph Burke officer: Chief Compliance Officer 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Robert J. Stanley officer: President 301 COMMERCE STREET, FORT WORTH TX 76102
Ronald Tanemura director 1010 36TH AVENUE EAST, SEATTLE WA 98112

Sixth Street Specialty Lending (Sixth Street Specialty Lending) Headlines

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