Sixth Street Specialty Lending Inc
NYSE:TSLX

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Sixth Street Specialty Lending Inc
NYSE:TSLX
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Price: 24 USD 1.05% Market Closed
Market Cap: 2.3B USD

Relative Value

The Relative Value of one TSLX stock under the Base Case scenario is 32.6 USD. Compared to the current market price of 24 USD, Sixth Street Specialty Lending Inc is Undervalued by 26%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

TSLX Relative Value
Base Case
32.6 USD
Undervaluation 26%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
3
vs Industry
34
Median 3Y
3.9
Median 5Y
4
Industry
3.3
Forward
5
vs History
0
vs Industry
40
Median 3Y
9.9
Median 5Y
7.7
Industry
15.7
Forward
11
vs History
9
vs Industry
Median 3Y
-3.9
Median 5Y
-3.3
Industry
10.4
vs History
0
vs Industry
Median 3Y
-16.2
Median 5Y
7.6
Industry
12.9
vs History
0
vs Industry
37
Median 3Y
1.1
Median 5Y
1
Industry
1.3
vs History
26
vs Industry
26
Median 3Y
8.1
Median 5Y
8.1
Industry
4.9
Forward
8.9
vs History
44
vs Industry
21
Median 3Y
14.7
Median 5Y
14.6
Industry
7.2
vs History
52
vs Industry
33
Median 3Y
15.6
Median 5Y
15.6
Industry
14
vs History
52
vs Industry
31
Median 3Y
15.6
Median 5Y
15.6
Industry
14.5
Forward
19.9
vs History
9
vs Industry
Median 3Y
-8.2
Median 5Y
-7.4
Industry
12.6
vs History
9
vs Industry
Median 3Y
-8.2
Median 5Y
-7.4
Industry
13.4
vs History
0
vs Industry
31
Median 3Y
1
Median 5Y
1
Industry
1

Multiples Across Competitors

TSLX Competitors Multiples
Sixth Street Specialty Lending Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Sixth Street Specialty Lending Inc
NYSE:TSLX
2.3B USD 4.7 12.8 15.4 15.4
US
Blackstone Inc
NYSE:BX
207.1B USD 15.1 72.3 30.8 30.9
US
BlackRock Inc
NYSE:BLK
173.7B USD 8.1 27.1 21.4 23.1
US
KKR & Co Inc
NYSE:KKR
128.4B USD 7.8 58.5 -934 -934
CA
Brookfield Corp
NYSE:BN
111.2B USD 1.4 249.3 11.5 17
CA
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
139.5B CAD 71.6 107.4 140.8 141.4
CA
Brookfield Asset Management Inc
NYSE:BAM
101.5B USD 71.5 107.3 140.7 141.3
ZA
Ninety One Ltd
JSE:NY1
79.9B Zac 0 0 0 0
LU
Reinet Investments SCA
JSE:RNI
72.9B Zac 0 0 0 0
US
Bank of New York Mellon Corp
NYSE:BK
72.1B USD 3.7 15.1 69.5 0
UK
3i Group PLC
LSE:III
39.6B GBP 7.7 7.9 8.1 8.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Sixth Street Specialty Lending Inc
NYSE:TSLX
Average EV/EBITDA: 54.8
15.4
N/A N/A
US
Blackstone Inc
NYSE:BX
30.8
20%
1.5
US
BlackRock Inc
NYSE:BLK
21.4
3%
7.1
US
KKR & Co Inc
NYSE:KKR
Negative Multiple: -934
124%
N/A
CA
Brookfield Corp
NYSE:BN
11.5
N/A N/A
CA
B
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
140.8
236%
0.6
CA
Brookfield Asset Management Inc
NYSE:BAM
140.7
236%
0.6
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
69.5
N/A N/A
UK
3i Group PLC
LSE:III
8.1
20%
0.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Sixth Street Specialty Lending Inc
NYSE:TSLX
Average EV/EBIT: 53.9
15.4
-10%
N/A
US
Blackstone Inc
NYSE:BX
30.9
21%
1.5
US
BlackRock Inc
NYSE:BLK
23.1
4%
5.8
US
KKR & Co Inc
NYSE:KKR
Negative Multiple: -934
108%
N/A
CA
Brookfield Corp
NYSE:BN
17
-27%
N/A
CA
B
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
141.4
235%
0.6
CA
Brookfield Asset Management Inc
NYSE:BAM
141.3
235%
0.6
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
Not Available N/A N/A
UK
3i Group PLC
LSE:III
8.1
20%
0.4