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Solar Senior Capital

Nasdaq:SUNS
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SUNS
Nasdaq
$276M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Solar Senior Capital Ltd. is a business development company specializing in investments in leveraged, middle-market companies in the United States. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
  • Solar Senior Capital is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
SUNS Share Price and Events
7 Day Returns
0.6%
NasdaqGS:SUNS
3.1%
US Capital Markets
1.6%
US Market
1 Year Returns
1.1%
NasdaqGS:SUNS
-11%
US Capital Markets
3.2%
US Market
SUNS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Solar Senior Capital (SUNS) 0.6% 2.4% 17.3% 1.1% 20.5% -0.5%
US Capital Markets 3.1% 1% 11.6% -11% 57.3% 58.2%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • SUNS outperformed the Capital Markets industry which returned -11% over the past year.
  • SUNS underperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
SUNS
Industry
5yr Volatility vs Market

SUNS Value

 Is Solar Senior Capital undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Solar Senior Capital to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Solar Senior Capital.

NasdaqGS:SUNS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $16.80 * 8.3%
$1.39
Book Value of Equity per Share Median Book Value from the past 5 years. $16.80
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:SUNS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 21%) (61.26%))
1.054
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.054 * 5.96%)
9.01%

Discounted Cash Flow Calculation for NasdaqGS:SUNS using Excess Returns Model Model

The calculations below outline how an intrinsic value for Solar Senior Capital is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:SUNS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.3% – 9.01%) * $16.80)
$-0.12
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.12 / (9.01% - 2.73%)
$-1.94
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $16.80 + $-1.94
$14.86
NasdaqGS:SUNS Discount to Share Price
Calculation Result
Value per share (USD) From above. $14.86
Current discount Discount to share price of $17.19
= -1 x ($17.19 - $14.86) / $14.86
-15.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Solar Senior Capital is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Solar Senior Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Solar Senior Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:SUNS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.86
NasdaqGS:SUNS Share Price ** NasdaqGS (2019-03-19) in USD $17.19
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 24.96x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Solar Senior Capital.

NasdaqGS:SUNS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SUNS Share Price ÷ EPS (both in USD)

= 17.19 ÷ 0.86

19.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solar Senior Capital is good value based on earnings compared to the US Capital Markets industry average.
  • Solar Senior Capital is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Solar Senior Capital's expected growth come at a high price?
Raw Data
NasdaqGS:SUNS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
27.5%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.21x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

NasdaqGS:SUNS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.96x ÷ 27.5%

0.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solar Senior Capital is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Solar Senior Capital's assets?
Raw Data
NasdaqGS:SUNS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $16.30
NasdaqGS:SUNS Share Price * NasdaqGS (2019-03-19) in USD $17.19
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NasdaqGS:SUNS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SUNS Share Price ÷ Book Value per Share (both in USD)

= 17.19 ÷ 16.30

1.05x

* Primary Listing of Solar Senior Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solar Senior Capital is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Solar Senior Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Solar Senior Capital has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SUNS Future Performance

 How is Solar Senior Capital expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
27.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Solar Senior Capital expected to grow at an attractive rate?
  • Solar Senior Capital's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Solar Senior Capital's earnings growth is expected to exceed the United States of America market average.
  • Solar Senior Capital's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:SUNS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:SUNS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 27.5%
NasdaqGS:SUNS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9.6%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:SUNS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:SUNS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 49 23 1
2019-12-31 42 24 2
NasdaqGS:SUNS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 40 -126 14
2018-09-30 39 -202 23
2018-06-30 36 -85 23
2018-03-31 34 -53 23
2017-12-31 32 -47 23
2017-09-30 30 -86 23
2017-06-30 29 44 22
2017-03-31 28 75 22
2016-12-31 27 60 24
2016-09-30 26 200 14
2016-06-30 26 17 7
2016-03-31 26 36 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Solar Senior Capital's earnings are expected to grow significantly at over 20% yearly.
  • Solar Senior Capital's revenue is expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:SUNS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Solar Senior Capital Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SUNS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.44 1.44 1.44 1.00
2019-12-31 1.49 1.65 1.40 3.00
NasdaqGS:SUNS Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.86
2018-09-30 1.41
2018-06-30 1.45
2018-03-31 1.43
2017-12-31 1.46
2017-09-30 1.44
2017-06-30 1.48
2017-03-31 1.55
2016-12-31 1.88
2016-09-30 1.18
2016-06-30 0.62
2016-03-31 0.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Solar Senior Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Solar Senior Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Solar Senior Capital has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SUNS Past Performance

  How has Solar Senior Capital performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Solar Senior Capital's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Solar Senior Capital's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Solar Senior Capital's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Solar Senior Capital's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Solar Senior Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Solar Senior Capital Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SUNS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 39.81 13.81 9.38
2018-09-30 38.87 22.68 9.82
2018-06-30 35.83 23.28 7.94
2018-03-31 34.01 22.99 6.81
2017-12-31 32.17 23.39 5.72
2017-09-30 30.29 23.15 4.32
2017-06-30 29.32 22.30 4.58
2017-03-31 28.34 21.75 5.17
2016-12-31 27.20 24.25 5.60
2016-09-30 26.16 13.82 5.98
2016-06-30 25.68 7.15 5.92
2016-03-31 25.65 5.38 5.87
2015-12-31 25.45 1.05 5.87
2015-09-30 25.23 9.50 5.81
2015-06-30 24.03 12.74 5.51
2015-03-31 22.51 11.79 5.14
2014-12-31 22.10 11.69 5.15
2014-09-30 21.85 13.30 5.52
2014-06-30 21.44 14.16 5.61
2014-03-31 21.04 13.70 5.42
2013-12-31 19.77 12.62 5.10
2013-09-30 20.25 7.75 4.91
2013-06-30 20.23 8.95 5.07
2013-03-31 21.09 11.10 5.69
2012-12-31 20.54 13.91 5.60
2012-09-30 18.67 17.38 5.16
2012-06-30 16.65 8.09 4.42
2012-03-31 12.46 5.43 3.32

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Solar Senior Capital has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Solar Senior Capital used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Solar Senior Capital has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Solar Senior Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Solar Senior Capital has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SUNS Health

 How is Solar Senior Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Solar Senior Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Solar Senior Capital's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Solar Senior Capital's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Solar Senior Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Solar Senior Capital Company Filings, last reported 2 months ago.

NasdaqGS:SUNS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 261.39 168.91 4.88
2018-09-30 269.68 191.65 4.76
2018-06-30 269.92 184.16 71.03
2018-03-31 270.04 140.40 113.71
2017-12-31 270.13 124.20 108.60
2017-09-30 269.50 91.00 128.53
2017-06-30 269.09 109.30 103.40
2017-03-31 269.45 86.80 136.00
2016-12-31 269.15 98.30 151.83
2016-09-30 268.87 43.00 189.30
2016-06-30 193.26 141.60 37.65
2016-03-31 192.65 129.10 48.06
2015-12-31 188.30 116.20 53.07
2015-09-30 196.81 146.80 34.56
2015-06-30 202.37 143.40 38.36
2015-03-31 203.54 140.90 39.84
2014-12-31 203.52 143.20 42.47
2014-09-30 203.57 76.40 102.86
2014-06-30 205.89 50.70 2.52
2014-03-31 208.01 56.60 7.74
2013-12-31 208.02 61.40 2.77
2013-09-30 206.35 34.80 7.24
2013-06-30 207.65 39.40 2.05
2013-03-31 210.07 22.60 2.27
2012-12-31 174.10 39.10 2.65
2012-09-30 176.70 55.90 3.63
2012-06-30 176.10 44.90 4.03
2012-03-31 175.30 18.15 1.82
  • Solar Senior Capital's level of debt (64.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (29.5% vs 64.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess Solar Senior Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Solar Senior Capital has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SUNS Dividends

 What is Solar Senior Capital's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.2%
Current annual income from Solar Senior Capital dividends. Estimated to be 8.2% next year.
If you bought $2,000 of Solar Senior Capital shares you are expected to receive $164 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Solar Senior Capital's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Solar Senior Capital's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:SUNS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:SUNS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.41 1.00
2019-12-31 1.41 3.00
NasdaqGS:SUNS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-06 1.410 8.341
2019-01-08 1.410 8.659
2018-12-06 1.410 9.159
2018-10-04 1.410 8.780
2018-09-06 1.410 8.403
2018-07-03 1.410 8.396
2018-06-06 1.410 8.472
2018-05-07 1.410 8.346
2018-04-03 1.410 8.322
2018-02-22 1.410 8.405
2018-02-07 1.410 8.398
2018-01-05 1.410 8.044
2017-12-07 1.410 7.886
2017-09-14 1.410 8.014
2017-07-06 1.410 8.377
2017-06-07 1.410 8.323
2017-04-06 1.410 7.960
2017-02-07 1.410 8.049
2017-01-05 1.410 8.384
2016-12-08 1.410 8.564
2016-10-05 1.410 8.763
2016-09-12 1.410 8.717
2016-08-02 1.410 8.444
2016-04-07 1.410 8.973
2016-02-24 1.410 9.962
2016-02-04 1.410 10.614
2016-01-08 1.410 10.123
2015-12-02 1.410 9.321
2015-10-07 1.410 9.253
2015-09-09 1.410 9.472
2015-08-04 1.410 9.285
2015-07-08 1.410 9.119
2015-06-09 1.410 8.745
2015-04-09 1.410 8.724
2015-02-03 1.410 8.802
2015-01-08 1.410 9.197
2014-12-04 1.410 9.355
2014-11-04 1.410 9.170
2014-10-08 1.410 9.295
2014-09-09 1.410 8.996
2014-08-04 1.410 8.848
2014-07-09 1.410 8.463
2014-06-06 1.410 8.397
2014-05-05 1.410 8.461
2014-04-08 1.410 8.322
2014-02-25 1.410 8.029
2014-02-06 1.410 7.747
2014-01-09 1.410 7.763
2013-12-05 1.410 7.697
2013-10-30 1.410 7.749
2013-10-08 1.410 7.578
2013-09-05 1.410 7.760
2013-07-31 1.410 7.856
2013-07-09 1.410 7.379
2013-06-05 1.410 7.579
2013-05-07 1.410 7.407
2013-04-08 1.410 7.460
2013-02-25 1.410 7.449
2013-02-05 1.410 7.503
2013-01-08 1.410 7.472
2012-12-06 1.410 7.634
2012-11-01 1.410 7.939
2012-09-11 1.410 7.848
2012-07-31 1.380 7.916
2012-07-09 1.260 7.425
2012-06-11 1.200 7.177
2012-05-01 1.200 7.216
2012-04-05 1.200 7.483
2012-02-22 1.200 7.230
2012-02-03 1.200 7.067
2012-01-09 1.200 7.360
2011-12-06 1.200 7.552
2011-11-01 1.080 6.956
2011-10-07 0.960 6.233
2011-09-12 0.960 6.415
2011-08-02 0.960 6.104
2011-07-07 0.840 4.674
2011-06-06 0.600 3.353

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Solar Senior Capital has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Solar Senior Capital only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Solar Senior Capital's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Solar Senior Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Solar Senior Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Solar Senior Capital has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SUNS Management

 What is the CEO of Solar Senior Capital's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Gross
COMPENSATION $0
AGE 56
TENURE AS CEO 8.3 years
CEO Bio

Mr. Michael S. Gross serves as a Partner of Solar Capital Partners, LLC. Mr. Gross has been the Chairman, Chief Executive Officer and President of Solar Senior Capital, Ltd. since December 2010. He has been Chief Executive Officer and President of SCP Private Credit Income BDC LLC since June 2018 and also has been its Director since May 2018 and serves as its Chairman. He serves as President and Principal Financial Officer at Marathon Acquisition Corp., where he served as the Chairman, Chief Executive Officer and Secretary from April 2006 to August 2008. He is employed at Laureate Education Inc. From July 2006 to 2009, Mr. Gross served as Senior Partner of Magnetar Capital LLC and was previously its Chief Investment Officer of Credit and Private Investment Business. He was a Founder and served as a Senior Partner from 1990 to February 2006 at Apollo Global Management LLC. He had primary responsibility for Apollo Management, L.P.'s debt-oriented activities. He also served as the Managing Partner of Apollo Investment Management, L.P. From 1987 to 1990, he worked in mergers and acquisitions at Drexel Burnham Lambert. Mr. Gross has been the Chairman and Director at GSL Holdings, Inc. since September 2008. He served as the Chairman of the Board of Global Ship Lease, Inc. since September 2008 until November 15, 2018. He has been a Director of Saks Inc., since 1994 and Solar Capital Ltd. since February 2007. Mr. Gross serves as a Director of Marathon Acquisition Corp. He has been a Director of Encompass Services Corp. since February 2000 and Solar Senior Capital Ltd. since December 2010. Mr. Gross has been a Director of Imagyn Medical Technologies Inc. since June 1996. He has been a Member of Supervisory Board of Memorex Telex N.V. since June 1994 and Crumbs Bake Shop, Inc. since April 2010. Mr. Gross is the Chairman of the Board of Mt. Sinai Children's Center Foundation and serves as a Trustee of The Mount Sinai Hospital. He is a Founding Member of the Youth Renewal Fund. He serves as a Director of Global Ship Lease, Inc. He serves on the Board of Trustees of the Trinity School and on the Corporate Advisory Board of the University of Michigan Business School. He serves as a Director at Clark Retail Enterprises Inc., Furniture Brands International Inc. and Proffitts Inc. Mr. Gross served as a Director at Educate Inc. from April 2004 to February 2, 2004, CVEO Corporation since 1992, Florsheim Group Inc. from 1994 to August 7, 2002 and Allied Waste Industries Inc. from May 1997 to September 29, 2005. Mr. Gross served as a Director at Jarden Corporation from March 26, 2007 to April 15, 2016 and as its Lead Director until April 15, 2016. He served as a Director of Pacer International Inc. since April 1, 2000, United Rentals (North America), Inc. since April 2000, Alternative Asset Management Acquisition Corp since March 2007 and SkyTerra Communications Inc. from August 1999 to June 8, 2005. He served as a Director of Breuners Home Furnishings Corporation. He served as a Director of Laureate Education, Inc. Mr. Gross served as a Director of United Rentals Inc. from January 1999 to June 10, 2008 and Lead Director since April 12, 2006. He was a Member of the Advisory Board of 57th Street General Acquisition Corp. since April 2010. He has over 25 years of experience in the private equity, distressed debt and mezzanine lending businesses. Mr. Gross received an M.B.A. from the Kellogg Graduate School of Management at Northwestern University and graduated with high distinction, beta gamma sigma, from the University of Michigan with a B.B.A. in Accounting.

CEO Compensation
  • Insufficient data for Michael to compare compensation growth.
  • Michael's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Solar Senior Capital management team in years:

8.3
Average Tenure
56.5
Average Age
  • The average tenure for the Solar Senior Capital management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michael Gross

TITLE
Chairman
AGE
56
TENURE
8.3 yrs

Bruce Spohler

TITLE
Chief Operating Officer
AGE
57
TENURE
8.3 yrs

Rich Peteka

TITLE
Treasurer
AGE
56
TENURE
6.8 yrs

Richard Pivirotto

TITLE
Investor Relations

Guy Talarico

TITLE
Chief Compliance Officer
AGE
63
TENURE
8.3 yrs
Board of Directors Tenure

Average tenure and age of the Solar Senior Capital board of directors in years:

8.2
Average Tenure
56
Average Age
  • The tenure for the Solar Senior Capital board of directors is about average.
Board of Directors

Michael Gross

TITLE
Chairman
AGE
56
TENURE
8.3 yrs

Bruce Spohler

TITLE
Chief Operating Officer
AGE
57
TENURE
8.3 yrs

Steve Hochberg

TITLE
Director
COMPENSATION
$65K
AGE
56
TENURE
8.2 yrs

David Wachter

TITLE
Director
COMPENSATION
$62K
AGE
55
TENURE
8.2 yrs

Len Potter

TITLE
Director
COMPENSATION
$61K
AGE
56
TENURE
8.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Solar Senior Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Solar Senior Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SUNS News

Simply Wall St News

SUNS Company Info

Description

Solar Senior Capital Ltd. is a business development company specializing in investments in leveraged, middle-market companies in the United States. The fund invests in the form of senior secured loans, including first lien, unitranche, and second lien debt instruments. It does not invest in start-up companies or companies having speculative business plans. The fund prefers debt investments between $5 million and $30 million in companies with EBITDA between $20 million and $60 million.

Details
Name: Solar Senior Capital Ltd.
SUNS
Exchange: NasdaqGS
Founded: 2010
$275,735,937
16,040,485
Website: http://www.solarseniorcap.com
Address: Solar Senior Capital Ltd.
500 Park Avenue,
3rd Floor,
New York,
New York, 10022,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SUNS Common Stock Nasdaq Global Select US USD 25. Feb 2011
BST SL8 Common Stock Boerse-Stuttgart DE EUR 25. Feb 2011
Number of employees
Current staff
Staff numbers
0
Solar Senior Capital employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 00:20
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/02/26
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.