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's share price has been volatile over the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: FSK underperformed the US Capital Markets industry which returned -12.5% over the past year.
Return vs Market: FSK underperformed the US Market which returned -10.7% over the past year.
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
Is FS KKR Capital undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FSK ($2.99) is trading below our estimate of fair value ($9.51)
Significantly Below Fair Value: FSK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FSK is good value based on its PE Ratio (6.3x) compared to the Capital Markets industry average (32.9x).
PE vs Market: FSK is good value based on its PE Ratio (6.3x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: FSK is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: FSK is good value based on its PB Ratio (0.4x) compared to the US Capital Markets industry average (7.9x).
How is FS KKR Capital forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FSK's forecast earnings growth (18.7% per year) is above the savings rate (1.7%).
Earnings vs Market: FSK's earnings (18.7% per year) are forecast to grow faster than the US market (12.3% per year).
High Growth Earnings: FSK's earnings are forecast to grow, but not significantly.
Revenue vs Market: FSK's revenue is expected to decline over the next 3 years (-1.9% per year).
High Growth Revenue: FSK's revenue is forecast to decline over the next 3 years (-1.9% 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 (9.7%).
How has FS KKR Capital performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FSK has a large one-off loss of $164.0M impacting its December 31 2019 financial results.
Growing Profit Margin: FSK's current net profit margins (31.6%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: FSK's earnings have grown significantly by 36% per year over the past 5 years.
Accelerating Growth: FSK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FSK had negative earnings growth (-56.8%) over the past year, making it difficult to compare to the Capital Markets industry average (9.7%).
Return on Equity
High ROE: FSK's Return on Equity (6.4%) is considered low.
How is FS KKR Capital's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: FSK has a low level of unsold assets or inventory.
Debt Coverage by Assets: FSK's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: FSK's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if FSK has a sufficient allowance for bad loans.
Low Risk Liabilities: FSK reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if FSK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FSK has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if FSK has an appropriate level of bad loans.
What is FS KKR Capital's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FSK's dividend (25.42%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: FSK's dividend (25.42%) is in the top 25% of dividend payers in the US market (5.37%)
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 5 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (160.3%), FSK's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FSK's dividends in 3 years are not forecast to be well covered by earnings (94% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Forman (58yo)
Mr. Michael Craig Forman serves as the Chief Executive Officer and Chairman of FS KKR Capital Corp. (formerly known as fsic corporation). Mr. Forman has been leading Franklin Square Holdings, L.P. since co ...
|Chairman & CEO||2.25yrs||no data||0.13% $1.8m|
|President & Head of Private Credit at FS Investments||2.33yrs||no data||0.020% $282.1k|
|Chief Investment Officer||2yrs||no data||0.029% $409.8k|
|Senior Vice President||no data||no data||no data|
|General Counsel & Secretary||2.25yrs||no data||0.0034% $47.8k|
|Chief Compliance Officer||5yrs||no data||0.00019% $2.7k|
|President & Chief Investment Officer of FS Investments||2.75yrs||no data||no data|
|Director of Investor Relations||no data||no data||no data|
Experienced Management: FSK's management team is considered experienced (2.3 years average tenure).
|Chairman & CEO||2.25yrs||no data||0.13% $1.8m|
|Independent Director||0.75yr||no data||0.0069% $97.7k|
|Lead Independent Director||6.67yrs||US$166.00k||0.022% $316.1k|
|Director||1.33yrs||no data||0.0078% $111.4k|
|Director||1.33yrs||no data||0.0094% $132.9k|
|Director||0.50yr||no data||0.012% $170.1k|
|Director||1.33yrs||no data||0.0019% $26.8k|
|Director||1.33yrs||no data||0.00079% $11.2k|
|Director||1.33yrs||no data||no data|
Experienced Board: FSK's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FSK insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 106.4%.
FS KKR Capital Corp.'s company bio, employee growth, exchange listings and data sources
- Name: FS KKR Capital Corp.
- Ticker: FSK
- Exchange: NYSE
- Founded: 2007
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$1.420b
- Shares outstanding: 503.39m
- Website: https://www.fsinvestmentcorp.com
- FS KKR Capital Corp.
- 201 Rouse Boulevard
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FSK||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Apr 2014|
|FS5||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Apr 2014|
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 target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans. In connection with the debt investments, the firm also receives equity interests such as warrants or options as additional consideration. It also seek to purchase minority interests in the form of common or preferred equity in our target companies, either in conjunction with one of the debt investments or through a co-investment with a financial sponsor. Additionally, on an opportunistic basis, the fund may also invest in corporate bonds and similar debt securities. The fund does not seek to invest in start-up companies, turnaround situations, or companies with speculative business plans. It seeks to invest in small and middle-market companies based in United States. The fund seeks to invest in firms with annual revenue between $10 million to $2.5 billion. It seeks to exit from securities by selling them in a privately negotiated over- the- counter market. For any investments that are not able to be sold within the secondary market, the firm seeks to exit such investments through repayment, an initial public offering of equity securities, merger, sale or recapitalization.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/03 06:24|
|End of Day Share Price||2020/04/02 00:00|
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.