OFS Capital (OFS Capital) Intrinsic Value: Projected FCF : $6.67 (As of Apr. 25, 2024)

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What is OFS Capital Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-25), OFS Capital's Intrinsic Value: Projected FCF is $6.67. The stock price of OFS Capital is $9.72. Therefore, OFS Capital's Price-to-Intrinsic-Value-Projected-FCF of today is 1.5.

The historical rank and industry rank for OFS Capital's Intrinsic Value: Projected FCF or its related term are showing as below:

OFS' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.73 Med: 1.04 Max: 4.82
Current: 1.46

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of OFS Capital was 4.82. The lowest was 0.73. And the median was 1.04.

OFS's Price-to-Projected-FCF is ranked worse than
77.91% of 928 companies
in the Asset Management industry
Industry Median: 0.92 vs OFS: 1.46

OFS Capital Intrinsic Value: Projected FCF Historical Data

The historical data trend for OFS Capital's Intrinsic Value: Projected 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.

OFS Capital Intrinsic Value: Projected FCF Chart

OFS Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intrinsic Value: Projected FCF

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-10.16

-0.72

-3.75

-4.79

6.67

OFS Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Intrinsic Value: Projected FCF	Get a 7-Day Free Trial															-4.79	-2.51	-5.89	3.31	6.67

Competitive Comparison of OFS Capital's Intrinsic Value: Projected FCF

For the Asset Management subindustry, OFS Capital's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.

OFS Capital's Price-to-Projected-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, OFS Capital's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where OFS Capital's Price-to-Projected-FCF falls into.

OFS Capital Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)

Add all the Free Cash Flow together and divide 6 will get OFS Capital's Free Cash Flow(6 year avg) = $-4.23.

OFS Capital's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF	=	(Growth Multiple	*	Free Cash Flow (6 year avg)	+	Total Stockholders Equity (Dec23)	*	0.8)	/	Shares Outstanding (Diluted Average)
	=	(9.5203515959648	*	-4.23056	+	162.004	*	0.8)	/	13.398
	=	6.67

OFS Capital (NAS:OFS) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

OFS Capital's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF	=	Share Price	/	Intrinsic Value: Projected FCF
	=	9.72	/	6.6671728132688
	=	1.46

OFS Capital Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of OFS Capital's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.

OFS Capital (OFS Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » OFS Capital Corp (NAS:OFS) » Definitions » Intrinsic Value: Projected FCF

Comparable Companies

Traded in Other Exchanges

9UD:Germany

Address

10 South Wacker Drive, Suite 2500, Chicago, IL, USA, 60606

Website

https://www.ofscapital.com

OFS Capital Corp is an externally managed, closed-end, non-diversified management investment company. Its business objective is to generate current income and capital appreciation by investing primarily in middle-market companies in the United States. The company focuses on investments in senior secured loans, including first lien, second lien, and unitranche loans, as well as subordinated loans and, to a lesser extent, warrants, and other equity securities.

Executives

Kyle Spina	officer: Chief Accounting Officer	10 S. WACKER DR, SUITE 2500, CHICAGO IL 60606
Orchard First Source Asset Management Holdings, Llc	10 percent owner	10 SOUTH WACKER, SUITE 2500, CHICAGO IL 60606
Ross Teune	officer: Chief Accounting Officer	150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606
Ashwin Ranganathan	director	4700 WILSHIRE BLVD, LOS ANGELES CA 90010
Orchard Investments, Llc	10 percent owner	4700 WILSHIRE BLVD., LOS ANGELES CA 90010
Romita Shetty	director	70 E 55TH STREET, FLOOR 21, NEW YORK NY 10022
Mukya Porter	officer: Chief Compliance Officer	4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Jeffery S. Owen	officer: Chief Accounting Officer	C/O OFS CAPITAL CORPORATION, 10 S. WACKER DRIVE, SUITE 2500, CHICAGO IL 60606
Richard S Ressler	10 percent owner	C/O J2 GLOBAL COMMUNICATIONS, INC., 6922 HOLLYWOOD BLVD, 5TH FLOOR, LOS ANGELES CA 90028
Jeffrey A Cerny	officer: CFO and Treasurer	10 SOUTH WACKER DRIVE, SUITE 2500, CHICAGO IL 60606
Bilal Rashid	director	10 SOUTH WACKER DRIVE, SUITE 2500, CHICAGO IL 60606
Elaine Healy	director
Oi3 2019 Trust	10 percent owner	4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Oi3, Llc	10 percent owner	4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Eric P. Rubenfeld	officer: Chief Compliance Officer	2850 WEST GOLF ROAD, 5TH FLOOR, ROLLING MEADOWS IL 60008