NYSE:FSK

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Executive Summary

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. More Details

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Snowflake Analysis


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: FSK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.1%

FSK

-5.2%

US Capital Markets

-4.1%

US Market


1 Year Return

-36.0%

FSK

0.6%

US Capital Markets

12.0%

US Market

Return vs Industry: FSK underperformed the US Capital Markets industry which returned 0.6% over the past year.

Return vs Market: FSK underperformed the US Market which returned 12% over the past year.


Shareholder returns

FSKIndustryMarket
7 Day-6.1%-5.2%-4.1%
30 Day-7.3%-0.9%-0.2%
90 Day-7.5%-1.1%2.8%
1 Year-15.2%-36.0%3.2%0.6%14.6%12.0%
3 Year-20.4%-52.9%14.1%5.4%35.8%26.8%
5 Year-23.9%-62.8%53.8%34.7%75.2%55.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is FS KKR Capital undervalued compared to its fair value and its price relative to the market?

46.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FSK ($14.71) is trading below our estimate of fair value ($27.67)

Significantly Below Fair Value: FSK is trading below fair value by more than 20%.


Price To Earnings Ratio

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

PE vs Market: FSK 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 FSK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FSK is good value based on its PB Ratio (0.6x) compared to the US Capital Markets industry average (4.4x).

Future Growth

How is FS KKR Capital forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

114.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: FSK is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FSK's is expected to become profitable in the next 3 years.

Revenue vs Market: FSK's revenue is expected to decline over the next 3 years (-6.5% per year).

High Growth Revenue: FSK's revenue is forecast to decline over the next 3 years (-6.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FSK's Return on Equity is forecast to be low in 3 years time (10%).

Past Performance

How has FS KKR Capital performed over the past 5 years?

-0.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FSK is currently unprofitable.

Growing Profit Margin: FSK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FSK is unprofitable, and losses have increased over the past 5 years at a rate of 0.5% per year.

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

Earnings vs Industry: FSK is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.1%).


Return on Equity

High ROE: FSK has a negative Return on Equity (-24.7%), as it is currently unprofitable.

Financial Health

How is FS KKR Capital's financial position?


Financial Position Analysis

Short Term Liabilities: FSK's short term assets ($319.0M) exceed its short term liabilities ($162.0M).

Long Term Liabilities: FSK's short term assets ($319.0M) do not cover its long term liabilities ($3.9B).


Debt to Equity History and Analysis

Debt Level: FSK's debt to equity ratio (135%) is considered high.

Reducing Debt: FSK's debt to equity ratio has increased from 76.7% to 135% over the past 5 years.

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

Interest Coverage: FSK is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Dividend

What is FS KKR Capital current dividend yield, its reliability and sustainability?

16.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FSK's dividend (16.32%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: FSK's dividend (16.32%) is in the top 25% of dividend payers in the US market (4.78%)


Stability and Growth of Payments

Stable Dividend: FSK has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: FSK has only been paying a dividend for 6 years, and since then payments have fallen.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: FSK's dividends in 3 years are not forecast to be well covered by earnings (100.1% payout ratio).

Management

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

2.8yrs

Average management tenure


CEO

Michael Forman (59 yo)

2.75yrs

Tenure

Mr. Michael Craig Forman, JD, serves as the Chief Executive Officer at FS Structured Products Advisor, LLC. He also serves as the Chief Executive Officer at FS/KKR Advisor, LLC. Mr. Forman serves as the Ch ...


Leadership Team

NamePositionTenureCompensationOwnership
Michael Forman
Chairman & CEO2.75yrsno data0.050%
$ 903.7k
Brian Gerson
President & Head of Private Credit at FS Investments2.83yrsno data0%
$ 0
Daniel Pietrzak
Chief Investment Officer2.5yrsno data0.010%
$ 183.9k
William Goebel
Chief Accounting Officer0.92yrno data0.0010%
$ 18.4k
Marc Yaklofsky
Senior Vice Presidentno datano datano data
Stephen Sypherd
General Counsel & Secretary2.75yrsno data0.0034%
$ 62.4k
James Volk
Chief Compliance Officer5.5yrsno data0.00023%
$ 4.2k
Michael Kelly
President & Chief Investment Officer of FS Investments3.25yrsno datano data
Zach Chalfant
Treasurer0.33yrno datano data
Robert Paun
Director of Investor Relationsno datano datano data

2.8yrs

Average Tenure

47.5yo

Average Age

Experienced Management: FSK's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Forman
Chairman & CEO2.75yrsno data0.050%
$ 903.7k
Osagie Imasogie
Independent Director1.25yrsUS$80.00k0.0070%
$ 127.4k
Jeffrey Harrow
Director10.75yrsUS$175.00k0.0056%
$ 101.2k
Michael Hagan
Lead Independent Director7.17yrsUS$190.00k0.023%
$ 412.3k
James Kropp
Director1.83yrsUS$185.00k0.0080%
$ 145.5k
Richard Goldstein
Director1.83yrsUS$160.00k0.012%
$ 209.9k
Todd Builione
Director1yrno data0.0025%
$ 46.1k
Brian Ford
Director1.83yrsUS$185.00k0.0027%
$ 49.7k
Barbara Adams
Director1.83yrsUS$160.00k0.00081%
$ 14.7k
Jerel Hopkins
Director1.83yrsUS$160.00kno data
Elizabeth Sandler
Independent Director1yrno data0.00072%
$ 13.1k

1.8yrs

Average Tenure

59yo

Average Age

Experienced Board: FSK's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FS KKR Capital Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FS KKR Capital Corp.
  • Ticker: FSK
  • Exchange: NYSE
  • Founded: 2007
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$1.820b
  • Shares outstanding: 123.76m
  • Website: https://www.fsinvestmentcorp.com

Location

  • FS KKR Capital Corp.
  • 201 Rouse Boulevard
  • Philadelphia
  • Pennsylvania
  • 19112
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FSKNYSE (New York Stock Exchange)YesCommon StockUSUSDApr 2014
FS5ADB (Deutsche Boerse AG)YesCommon StockDEEURApr 2014

Biography

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the tar ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 04:33
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.