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OXSQ

Oxford Square CapitalNasdaqGS:OXSQ Stock Report

Last Price

US$4.18

Market Cap

US$207.6m

7D

-4.6%

1Y

16.8%

Updated

19 Jan, 2022

Data

Company Financials +
OXSQ fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health2/6
Dividends3/6

OXSQ Stock Overview

Oxford Square Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company.

Oxford Square Capital Competitors

Ares Capital

NasdaqGS:ARCC

US$9.9b

FS KKR Capital

NYSE:FSK

US$6.3b

Prospect Capital

NasdaqGS:PSEC

US$3.5b

Golub Capital BDC

NasdaqGS:GBDC

US$2.7b

Price History & Performance

Summary of all time highs, changes and price drops for Oxford Square Capital
Historical stock prices
Current Share PriceUS$4.18
52 Week HighUS$5.22
52 Week LowUS$3.43
Beta1.29
1 Month Change10.00%
3 Month Change0.24%
1 Year Change16.76%
3 Year Change-34.07%
5 Year Change-38.17%
Change since IPO-72.13%

Recent News & Updates

Nov 18

Oxford Square Capital Corp: Not A Safe Choice For Income Investors, Just Yet

Oxford Square Capital Corp is heading for a difficult 2022 due to its risky investment portfolio and likely shrinking profit margins. A 9.57% dividend yield and a 17-year consecutive dividend history seems like a dream for income investors, but data shows otherwise. For an investor looking for stable and secure dividend income, OXSQ is not among the safest choices.

Shareholder Returns

OXSQUS Capital MarketsUS Market
7D-4.6%-5.5%-4.6%
1Y16.8%24.6%7.7%

Return vs Industry: OXSQ underperformed the US Capital Markets industry which returned 25.7% over the past year.

Return vs Market: OXSQ exceeded the US Market which returned 10.2% over the past year.

Price Volatility

Is OXSQ's price volatile compared to industry and market?
OXSQ volatility
OXSQ Average Weekly Movement3.1%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: OXSQ is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: OXSQ's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/aJonathan Cohenhttps://www.oxfordsquarecapital.com

Oxford Square Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company. It is a private equity and mezzanine firm. The firm invests in both public and private companies.

Oxford Square Capital Fundamentals Summary

How do Oxford Square Capital's earnings and revenue compare to its market cap?
OXSQ fundamental statistics
Market CapUS$207.56m
Earnings (TTM)US$79.22m
Revenue (TTM)US$35.64m

2.6x

P/E Ratio

5.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OXSQ income statement (TTM)
RevenueUS$35.64m
Cost of RevenueUS$0
Gross ProfitUS$35.64m
Expenses-US$43.58m
EarningsUS$79.22m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.60
Gross Margin100.00%
Net Profit Margin222.30%
Debt/Equity Ratio74.2%

How did OXSQ perform over the long term?

See historical performance and comparison

Valuation

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

2.62x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: OXSQ is good value based on its PE Ratio (2.6x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: OXSQ is good value based on its PE Ratio (2.6x) compared to the US market (17x).


Price to Earnings Growth Ratio

PEG Ratio: OXSQ's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: OXSQ is good value based on its PB Ratio (0.8x) compared to the US Capital Markets industry average (42.2x).


Future Growth

How is Oxford Square Capital forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-91.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OXSQ's earnings are forecast to decline over the next 3 years (-91.3% per year).

Earnings vs Market: OXSQ's earnings are forecast to decline over the next 3 years (-91.3% per year).

High Growth Earnings: OXSQ's earnings are forecast to decline over the next 3 years.

Revenue vs Market: OXSQ's revenue (15.3% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: OXSQ's revenue (15.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if OXSQ's Return on Equity is forecast to be high in 3 years time


Past Performance

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

-25.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OXSQ has a high level of non-cash earnings.

Growing Profit Margin: OXSQ became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: OXSQ's earnings have declined by 25.2% per year over the past 5 years.

Accelerating Growth: OXSQ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: OXSQ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).


Return on Equity

High ROE: OXSQ's Return on Equity (31.7%) is considered high.


Financial Health

How is Oxford Square Capital's financial position?


Financial Position Analysis

Short Term Liabilities: OXSQ's short term assets ($22.8M) exceed its short term liabilities ($9.9M).

Long Term Liabilities: OXSQ's short term assets ($22.8M) do not cover its long term liabilities ($185.1M).


Debt to Equity History and Analysis

Debt Level: OXSQ's net debt to equity ratio (66.3%) is considered high.

Reducing Debt: OXSQ's debt to equity ratio has reduced from 85.6% to 74.2% over the past 5 years.

Debt Coverage: OXSQ's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: OXSQ's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

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

10.05%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 20 2022Ex Dividend DateFeb 11 2022Dividend Pay DateFeb 28 202217 days from Ex DividendBuy in the next 22 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: OXSQ's dividend (10.05%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: OXSQ's dividend (10.05%) is in the top 25% of dividend payers in the US market (3.48%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.3%), OXSQ's dividend payments are well covered by earnings.


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.


Next Steps

Management

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

6.6yrs

Average management tenure


CEO

Jonathan Cohen (56 yo)

19yrs

Tenure

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


Leadership Team

Experienced Management: OXSQ's management team is seasoned and experienced (6.6 years average tenure).


Board Members

Experienced Board: OXSQ's board of directors are seasoned and experienced ( 19 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: OXSQ insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Oxford Square Capital Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Oxford Square Capital Corp.
  • Ticker: OXSQ
  • Exchange: NasdaqGS
  • Founded: 2003
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$207.559m
  • Shares outstanding: 49.66m
  • Website: https://www.oxfordsquarecapital.com

Location

  • Oxford Square Capital Corp.
  • 8 Sound Shore Drive
  • Suite 255
  • Greenwich
  • Connecticut
  • 6830
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:42
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.