NYSE:FSK

Stock Analysis Report

Executive Summary

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

Snowflake

Risks

  • FS KKR Capital is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.

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


Market Performance


7 Day Return

-3.2%

NYSE:FSK

0.6%

US Capital Markets

-1.2%

US Market


1 Year Return

-24.4%

NYSE:FSK

-4.0%

US Capital Markets

3.4%

US Market

FSK underperformed the Capital Markets industry which returned -4% over the past year.

FSK underperformed the Market in United States of America which returned 3.4% over the past year.


Share holder returns

FSKIndustryMarket
7 Day-3.2%0.6%-1.2%
30 Day-0.3%4.8%1.2%
90 Day-4.8%1.8%1.7%
1 Year-13.6%-24.4%-1.9%-4.0%5.7%3.4%
3 Year-10.7%-35.7%64.2%54.6%45.0%35.5%
5 Year-5.0%-43.6%75.9%59.6%59.3%41.6%

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 based on future cash flows and its price relative to the stock market?

27%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

FS KKR Capital's share price is below the future cash flow value, and at a moderate discount (> 20%).

FS KKR Capital's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

FS KKR Capital is good value based on earnings compared to the US Capital Markets industry average.

FS KKR Capital is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

FS KKR Capital earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

FS KKR Capital is good value based on assets compared to the US Capital Markets industry average.

Future Growth

How is FS KKR Capital expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

-15.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

FS KKR Capital's revenue is expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).

FS KKR Capital's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

FS KKR Capital's revenue growth is expected to exceed the United States of America market average.

FS KKR Capital's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

FS KKR Capital's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if FS KKR Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Past Performance

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

12.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

FS KKR Capital's year on year earnings growth rate has been positive over the past 5 years.

FS KKR Capital's 1-year earnings growth exceeds its 5-year average (399.5% vs 12.5%)

FS KKR Capital's earnings growth has exceeded the US Capital Markets industry average in the past year (399.5% vs 54.5%).


Return on Equity

FS KKR Capital has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

FS KKR Capital used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.


Return on Capital Employed

FS KKR Capital's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).

Financial Health

How is FS KKR Capital's financial position?


Financial Position Analysis

FS KKR Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

FS KKR Capital's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

FS KKR Capital's level of debt (82.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (63% vs 82.5% today).

Debt is not well covered by operating cash flow (8.2%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.1x debt.

Dividend

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

12.73%

Expected Dividend Yield


Dividend Yield and Payments Analysis

FS KKR Capital's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

FS KKR Capital's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).

FS KKR Capital has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

FS KKR Capital has only been paying a dividend for 5 years, and since then dividends per share have fallen.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.7x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.

Management

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

1.6yrs

Average management tenure


CEO

Michael Forman (58yo)

1.5yrs

Tenure

Mr. Michael Craig Forman serves as the Chief Executive Officer and Chairman of FS KKR Capital Corp. (formerly, fsic corporation). Mr. Forman has been leading Franklin Square Holdings, L.P. since co-foundin ...


Management Age and Tenure

1.6yrs

Average Tenure

46.5yo

Average Age

The average tenure for the FS KKR Capital management team is less than 2 years, this suggests a new team.


Board Age and Tenure

0.6yrs

Average Tenure

60yo

Average Age

The average tenure for the FS KKR Capital board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by FS KKR Capital individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$15,00010 Jun 19
Brian Ford
EntityIndividual
Role
Member of the Board of Directors
Shares2,500
Max PriceUS$6.00
BuyUS$59,40007 Jun 19
Daniel Pietrzak
EntityIndividual
Role
Chief Investment Officer
Shares10,000
Max PriceUS$5.94
BuyUS$19,80007 Jun 19
Richard Goldstein
EntityIndividual
Role
Member of the Board of Directors
Shares3,300
Max PriceUS$6.00
BuyUS$100,00206 Jun 19
Stephen Sypherd
EntityIndividual
Role
General Counsel & Secretary
Shares16,807
Max PriceUS$5.95
BuyUS$29,94005 Jun 19
Richard Goldstein
EntityIndividual
Role
Member of the Board of Directors
Shares5,000
Max PriceUS$5.99
BuyUS$23,05922 Jan 19
Richard Goldstein
EntityIndividual
Role
Member of the Board of Directors
Shares3,800
Max PriceUS$6.07
BuyUS$293,99518 Jan 19
Daniel Pietrzak
EntityIndividual
Role
Chief Investment Officer
Shares50,000
Max PriceUS$5.88
BuyUS$29,25018 Jan 19
Richard Goldstein
EntityIndividual
Role
Member of the Board of Directors
Shares5,000
Max PriceUS$5.85
BuyUS$4,761,73627 Dec 18
Franklin Square Holdings, L.P.
EntityCompany
Shares924,609
Max PriceUS$5.15
SellUS$4,761,73627 Dec 18
Franklin Square Holdings, L.P.
EntityCompany
Shares924,609
Max PriceUS$5.15
SellUS$1,019,69027 Dec 18
Michael Forman
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares197,998
Max PriceUS$5.15
BuyUS$1,019,69027 Dec 18
Michael Forman
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares197,998
Max PriceUS$5.15
BuyUS$2,37815 Aug 18
James Volk
EntityIndividual
Role
Chief Compliance Officer
Shares316
Max PriceUS$7.52

Ownership Breakdown


Management Team

  • Marc Yaklofsky

    Senior Vice President

  • Robert Paun

    Investor Relations Professional

  • Stephen Sypherd (42yo)

    General Counsel & Secretary

    • Tenure: 1.5yrs
  • Jim Volk (56yo)

    Chief Compliance Officer

    • Tenure: 4.3yrs
  • Brian Gerson (51yo)

    Head of Private Credit - FS Investments

    • Tenure: 1.7yrs
  • Dan Pietrzak (44yo)

    Chief Investment Officer

    • Tenure: 1.5yrs
  • William Goebel (44yo)

    CFO & Treasurer

    • Tenure: 8.3yrs
  • Todd Builione (44yo)

    President & Director

    • Tenure: 1.5yrs
  • Mike Kelly (49yo)

    President & Chief Investment Officer of FS Investments

    • Tenure: 2.0yrs
  • Michael Forman (58yo)

    Chairman & CEO

    • Tenure: 1.5yrs

Board Members

  • Mike Hagan (57yo)

    Lead Independent Director

    • Tenure: 5.9yrs
    • Compensation: $166.00k
  • Barbara Adams (67yo)

    Director

    • Tenure: 0.6yrs
  • Brian Ford (70yo)

    Director

    • Tenure: 0.6yrs
  • Fred Arnold (64yo)

    Director

    • Tenure: 0.6yrs
  • Jeffrey Harrow (62yo)

    Director

    • Tenure: 9.5yrs
    • Compensation: $156.00k
  • Jerel Hopkins (47yo)

    Director

    • Tenure: 0.6yrs
  • Todd Builione (44yo)

    President & Director

    • Tenure: 1.5yrs
  • Richard Goldstein (58yo)

    Director

    • Tenure: 0.6yrs
  • Michael Forman (58yo)

    Chairman & CEO

    • Tenure: 1.5yrs
  • Jim Kropp (70yo)

    Director

    • Tenure: 0.6yrs

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$3.120b
  • Shares outstanding: 522.65m
  • Website: Click here

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
FS5DB (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 Analysis2019/07/21 00:49
End of Day Share Price2019/07/19 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.