Solar Senior Capital
Market Cap
US$293.5m
Last Updated
2020/02/19 01:47 UTC
Data Sources
Company Financials +
Executive Summary
Solar Senior Capital Ltd. is a business development company specializing in investments in leveraged, middle-market companies in the United States.
Rewards
Snowflake Analysis
Similar Companies
Share Price & News
How has Solar Senior Capital's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SUNS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.0%
SUNS
0.2%
US Capital Markets
0.06%
US Market
1 Year Return
9.2%
SUNS
17.8%
US Capital Markets
19.4%
US Market
Return vs Industry: SUNS underperformed the US Capital Markets industry which returned 17.8% over the past year.
Return vs Market: SUNS underperformed the US Market which returned 19.4% over the past year.
Shareholder returns
| SUNS | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | 0.2% | 0.06% |
| 30 Day | 2.1% | 0.2% | 1.1% |
| 90 Day | 3.6% | 6.8% | 8.9% |
| 1 Year | 18.4%9.2% | 20.2%17.8% | 21.9%19.4% |
| 3 Year | 34.1%4.8% | 38.8%30.9% | 48.9%39.3% |
| 5 Year | 81.4%18.2% | 81.4%64.5% | 71.9%53.1% |
Price Volatility Vs. Market
How volatile is Solar Senior Capital's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall St
Did Solar Senior Capital Ltd (SUNS) Create Value For Shareholders Over The Past One Year?2 years ago | Simply Wall St
Should You Expect Solar Senior Capital Ltd (SUNS) To Deliver A Superior ROE To Its Industry?Valuation
Is Solar Senior Capital undervalued compared to its fair value and its price relative to the market?
20.22x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SUNS ($18.29) is trading above our estimate of fair value ($17.57)
Significantly Below Fair Value: SUNS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SUNS is good value based on its PE Ratio (20.2x) compared to the Capital Markets industry average (36x).
PE vs Market: SUNS is poor value based on its PE Ratio (20.2x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: SUNS is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: SUNS is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (6.6x).
Future Growth
How is Solar Senior Capital forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
11.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SUNS's forecast earnings growth (11.4% per year) is above the savings rate (1.7%).
Earnings vs Market: SUNS's earnings (11.4% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: SUNS's earnings are forecast to grow, but not significantly.
Revenue vs Market: SUNS's revenue (7.3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: SUNS's revenue (7.3% 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 SUNS's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Solar Senior Capital performed over the past 5 years?
13.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SUNS has a large one-off loss of $8.0M impacting its September 30 2019 financial results.
Growing Profit Margin: SUNS's current net profit margins (35.7%) are lower than last year (58.3%).
Past Earnings Growth Analysis
Earnings Trend: SUNS's earnings have grown by 13.4% per year over the past 5 years.
Accelerating Growth: SUNS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SUNS had negative earnings growth (-36%) over the past year, making it difficult to compare to the Capital Markets industry average (8.4%).
Return on Equity
High ROE: SUNS's Return on Equity (5.5%) is considered low.
Return on Assets
Return on Capital Employed
Financial Health
How is Solar Senior Capital's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: SUNS has a low level of unsold assets or inventory.
Debt Coverage by Assets: SUNS's debt is not covered by short term assets (assets are 0.9x debt).
Financial Institutions Analysis
Asset Level: SUNS's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if SUNS has a sufficient allowance for bad loans.
Low Risk Liabilities: SUNS reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if SUNS has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SUNS has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if SUNS has an appropriate level of bad loans.
Dividend
What is Solar Senior Capital's current dividend yield, its reliability and sustainability?
7.71%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SUNS's dividend (7.71%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: SUNS's dividend (7.71%) is in the top 25% of dividend payers in the US market (3.7%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SUNS has been paying a dividend for less than 10 years.
Growing Dividend: SUNS's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (155.9%), SUNS's dividend payments are not 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.
Management
How experienced are the management team and are they aligned to shareholders interests?
4.2yrs
Average management tenure
CEO
Michael Gross (57yo)
0.7yrs
Tenure
Mr. Michael Stuart Gross serves as a Partner of Solar Capital Partners, LLC. He serves as a Managing Member of the Solar Capital Partners, LLC investment adviser. Mr. Gross has been the Chairman and Presid ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 0.7yrs | no data | 2.08% $6.1m | |
| COO, Co-CEO & Director | 9.2yrs | no data | 0.025% $73.2k | |
| CFO, Treasurer & Secretary | 7.8yrs | no data | 0.039% $114.3k | |
| Investor Relations | 0yrs | no data | no data | |
| Chief Compliance Officer | 9.2yrs | no data | no data |
4.2yrs
Average Tenure
57.5yo
Average Age
Experienced Management: SUNS's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 0.7yrs | no data | 2.08% $6.1m | |
| COO, Co-CEO & Director | 9.2yrs | no data | 0.025% $73.2k | |
| Independent Director | 9.1yrs | US$64.50k | 0.12% $365.8k | |
| Independent Director | 9.1yrs | US$62.00k | 0.057% $166.6k | |
| Independent Director | 9.1yrs | US$61.25k | 0.039% $114.3k |
9.1yrs
Average Tenure
57yo
Average Age
Experienced Board: SUNS's board of directors are considered experienced (9.1 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Solar Senior Capital Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Solar Senior Capital Ltd.
- Ticker: SUNS
- Exchange: NasdaqGS
- Founded: 2010
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$293.467m
- Shares outstanding: 16.05m
- Website: https://www.solarseniorcap.com
Location
- Solar Senior Capital Ltd.
- 500 Park Avenue
- 3rd Floor
- New York
- New York
- 10022
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SUNS | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 2011 |
| SL8 | BST (Boerse-Stuttgart) | Yes | Common Stock | DE | EUR | Feb 2011 |
Biography
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.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 01:47 |
| End of Day Share Price | 2020/02/18 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.