NasdaqGS:OXLC

Stock Analysis Report

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Executive Summary

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. More Details


Snowflake Analysis

Share Price & News

How has Oxford Lane Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OXLC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: OXLC's weekly volatility has decreased from 16% to 5% over the past year.


Market Performance


7 Day Return

-2.3%

OXLC

-2.6%

US Capital Markets

-4.6%

US Market


1 Year Return

-22.6%

OXLC

38.0%

US Capital Markets

38.5%

US Market

Return vs Industry: OXLC underperformed the US Capital Markets industry which returned 38% over the past year.

Return vs Market: OXLC underperformed the US Market which returned 38.5% over the past year.


Shareholder returns

OXLCIndustryMarket
7 Day-2.3%-2.6%-4.6%
30 Day0.2%8.5%0.6%
90 Day24.3%14.9%1.9%
1 Year-2.4%-22.6%41.3%38.0%41.5%38.5%
3 Year7.9%-37.9%39.5%29.1%56.7%46.7%
5 Year88.3%-30.6%140.6%110.9%123.5%98.6%

Long-Term Price Volatility Vs. Market

How volatile is Oxford Lane Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Oxford Lane Capital undervalued compared to its fair value and its price relative to the market?

1.61x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate OXLC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate OXLC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: OXLC is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.

PE vs Market: OXLC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OXLC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OXLC is good value based on its PB Ratio (1.6x) compared to the US Capital Markets industry average (12.8x).

Future Growth

How is Oxford Lane Capital forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.6%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Oxford Lane Capital has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Oxford Lane Capital performed over the past 5 years?

-46.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OXLC is currently unprofitable.

Growing Profit Margin: OXLC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OXLC is unprofitable, and losses have increased over the past 5 years at a rate of 46.3% per year.

Accelerating Growth: Unable to compare OXLC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: OXLC is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (10.1%).


Return on Equity

High ROE: OXLC has a negative Return on Equity (-38.91%), as it is currently unprofitable.

Financial Health

How is Oxford Lane Capital's financial position?


Financial Position Analysis

Short Term Liabilities: OXLC's short term assets ($43.0M) exceed its short term liabilities ($20.6M).

Long Term Liabilities: OXLC's short term assets ($43.0M) do not cover its long term liabilities ($208.0M).


Debt to Equity History and Analysis

Debt Level: OXLC's debt to equity ratio (61%) is considered high.

Reducing Debt: OXLC's debt to equity ratio has reduced from 82.1% to 61% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: OXLC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: OXLC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.1% each year

Dividend

What is Oxford Lane Capital current dividend yield, its reliability and sustainability?

12.96%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: OXLC's dividend (12.96%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: OXLC's dividend (12.96%) is in the top 25% of dividend payers in the US market (3.76%)


Stability and Growth of Payments

Stable Dividend: OXLC's dividend payments have been volatile in the past 10 years.

Growing Dividend: OXLC's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: OXLC is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

8.3yrs

Average management tenure


CEO

Jonathan Cohen (55 yo)

11.08yrs

Tenure

Mr. Jonathan Harris Cohen serves as the Chief Executive Officer at Oxford Square Management, LLC. Mr. Jonathan Harris Cohen has been the Chief Executive Officer of Oxford Square Capital Corp. (formerly, TI...


Leadership Team

NamePositionTenureCompensationOwnership
Jonathan Cohen
CEO & Interested Director11.08yrsno data0.27%
$ 1.5m
Saul Rosenthal
President & Interested Director11.08yrsno data0.23%
$ 1.2m
Bruce Rubin
Corporate Secretary5.5yrsno data0.0045%
$ 24.8k
Jeffrey Faenza
Accounting Managerno datano datano data
Gerald Cummins
Chief Compliance Officerno datano datano data
Gannon McCaffery
Head of Business Development3.08yrsno datano data
Debdeep Maji
Senior Managing Director & Portfolio Managerno datano datano data
Vincent Gurrera
Controller & VP of Financeno datano datano data

8.3yrs

Average Tenure

58yo

Average Age

Experienced Management: OXLC's management team is seasoned and experienced (8.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jonathan Cohen
CEO & Interested Director11.08yrsno data0.27%
$ 1.5m
Saul Rosenthal
President & Interested Director11.08yrsno data0.23%
$ 1.2m
David Shin
Independent Director11.08yrsUS$118.00k0.0060%
$ 33.0k
John Reardon
Independent Director11.08yrsUS$108.00k0.0068%
$ 37.5k
Mark Ashenfelter
Independent Chairman of the Board11.08yrsUS$108.00k0.027%
$ 150.0k

11.1yrs

Average Tenure

53yo

Average Age

Experienced Board: OXLC's board of directors are seasoned and experienced ( 11.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 48.2%.


Top Shareholders

Company Information

Oxford Lane Capital Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oxford Lane Capital Corp.
  • Ticker: OXLC
  • Exchange: NasdaqGS
  • Founded: 2010
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$548.283m
  • Shares outstanding: 87.73m
  • Website: https://www.oxfordlanecapital.com

Location

  • Oxford Lane Capital Corp.
  • Greenwich
  • Connecticut
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OXLCNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDJan 2011
4RQDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 2011
OXLC.ONasdaqGS (Nasdaq Global Select)PFD SHS SER 2023USUSDJun 2013
OXLC.MNasdaqGS (Nasdaq Global Select)6.75% PF TRM 24USUSDJun 2017
OXLC.PNasdaqGS (Nasdaq Global Select)6.25% NT 27USUSDFeb 2020

Biography

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in tur...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/27 00:43
End of Day Share Price2021/02/26 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.