SLR Investment Corp. (SLRC) 10-Year Financial Performance & Capital Metrics

SLRC • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

AboutSLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and defense; air freight & logistics; asset management; automotive; banking; beverage, food and tobacco; building products; buildings and real estate; broadcasting and entertainment; cargo transport; commercial services and supplies; communications equipment; chemicals, plastics and rubber; containers, packaging and glass; construction & engineering; diversified/conglomerate manufacturing; consumer Finance; distributors; diversified/conglomerate services; diversified financial services; diversified real estate activities; food products; Footwear; Education Services; diversified telecommunications services; electronics; farming and agriculture; finance; grocery; health care equipment and supplies; health care facilities; education and childcare; home and office furnishing, durable consumer products; hotels, motels, inns and gaming; insurance; restaurants, leisure, amusement, and entertainment; leisure equipment tolls and services, media, multiline retail, multi sector holdings; paper and forest products; personal products; professional services, research and consulting services, software; specialty retail; textiles apparel and luxury goods, thrifts and mortgage finance, trading companies and distributors, utilities, and wireless telecommunication services; industrial conglomerates; internet software and services, IT services, machinery; mining, steel, iron, and non-precious metals; oil and gas; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities. It also invests in life sciences with focus on specialty pharmaceuticals, medical devices, biotech, health Care Providers and services; health Care technology, enabling technologies and tools. The fund primarily invests in United States. The fund's investments generally range between $5 million and $100 million. The fund invests in companies with revenues between $50 million and $1 billion and EBITDA between $15 million and $100 million. It invests in the form of senior secured loans, mezzanine loans, and equity securities. It may also seek investments in thinly traded public companies and also make secondary investments. The fund makes non-control equity investments. It primarily exits within three years of the initial capital commitment.Show more

Net Interest Income $100M -5.0%
Total Revenue $176M +10.9%
Net Income $96M +25.4%
Return on Equity 9.67% +25.8%
Net Interest Margin 4.06% -2.1%
Efficiency Ratio 5.23% -18.1%
ROA 3.85% +27.6%
Equity / Assets 40.54% +3.7%
Book Value per Share 18.25 +0.9%
Tangible BV/Share 18.25 +0.9%
Debt/Equity 1.04 -13.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 9/9
✓Strong NIM of 4.1%
✓Efficient operations: 5.2% efficiency ratio
✓Well capitalized: 40.5% equity/assets
✓Trading at only 0.9x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.44%

5Y13.12%

3Y21.08%

TTM-

Profit (Net Income) CAGR

10Y7.05%

5Y11.32%

3Y17.15%

TTM-6.92%

EPS CAGR

10Y4.53%

5Y5.76%

3Y7.67%

TTM-6.78%

ROCE

10Y Avg3.63%

5Y Avg2.76%

3Y Avg3.02%

Latest4.53%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	65.5M	85.65M	67.57M	76.27M	82.63M	65.85M	67.6M	84.92M	104.77M	99.55M
NII Growth %	-0.11%	0.31%	-0.21%	0.13%	0.08%	-0.2%	0.03%	0.26%	0.23%	-0.05%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	81.1M	110.22M	89.24M	101M	111.53M	93M	97.48M	131.01M	177.27M	171.01M
Interest Expense	15.6M	24.57M	21.67M	24.73M	28.9M	27.16M	29.88M	46.09M	72.51M	71.46M
Loan Loss Provision	0	0	0	0	0	0	0	0	0	0
Non-Interest Income+	-44.87M	31.44M	14.49M	1K	-16.28M	-42.25M	1.93M	-56.6M	-18.22M	5.44M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	36.23M	141.66M	103.72M	101M	95.25M	50.76M	99.41M	74.4M	159.05M	176.45M
Revenue Growth %	-0.49%	2.91%	-0.27%	-0.03%	-0.06%	-0.47%	0.96%	-0.25%	1.14%	0.11%
Non-Interest Expense	6.55M	10.28M	11.63M	9.4M	10.33M	8.15M	9.96M	9.97M	10.15M	9.23M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	14.08M	106.81M	70.43M	66.87M	56.02M	15.45M	59.57M	18.34M	76.39M	95.76M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.71%	6.59%	-0.34%	-0.05%	-0.16%	-0.72%	2.86%	-0.69%	3.16%	0.25%
Pretax Income+	14.08M	106.81M	70.43M	66.87M	56.02M	15.45M	59.57M	18.34M	76.39M	95.76M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	14.08M	106.81M	70.43M	66.87M	56.02M	15.45M	59.57M	18.34M	76.39M	95.76M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.71%	6.59%	-0.34%	-0.05%	-0.16%	-0.72%	2.86%	-0.69%	3.16%	0.25%
Net Income (Continuing)	14.08M	106.81M	70.43M	66.87M	56.02M	15.45M	59.57M	18.34M	76.39M	95.76M
EPS (Diluted)+	0.33	2.53	1.67	1.58	1.33	0.37	1.41	1.28	1.40	1.76
EPS Growth %	-0.71%	6.67%	-0.34%	-0.05%	-0.16%	-0.72%	2.81%	-0.09%	0.09%	0.26%
EPS (Basic)	0.33	2.53	1.67	1.58	1.33	0.37	1.41	1.28	1.40	1.76
Diluted Shares Outstanding	42.47M	42.26M	42.26M	42.26M	42.26M	42.26M	42.26M	51.68M	54.55M	54.41M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	277.57M	312.05M	150.79M	207.22M	436.35M	388.78M	322.94M	428.33M	344.15M	414.27M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	1.31B	1.3B	1.46B	1.46B	0	0	0	0	0	0
Investments Growth %	0.29%	-0.01%	0.12%	-0%	-1%	-	-	-	-	-
Long-Term Investments	1.31B	1.3B	1.46B	1.46B	0	0	0	0	0	0
Accounts Receivables	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	-1.31B	-1.65B	-1.64B	-1.68B	1.49B	1.53B	1.67B	2.09B	2.15B	2.01B
Total Current Assets	283.98M	10.23M	158.42M	226.57M	455.06M	404.01M	340.43M	451.02M	369.1M	443.78M
Total Non-Current Assets	1.31B	1.3B	1.46B	1.46B	1.49B	1.53B	1.67B	2.09B	2.15B	2.01B
Total Assets+	1.62B	1.65B	1.64B	1.68B	1.95B	1.94B	2.01B	2.54B	2.52B	2.45B
Asset Growth %	-0.04%	0.02%	-0.01%	0.03%	0.16%	-0.01%	0.04%	0.26%	-0.01%	-0.03%
Return on Assets (ROA)	0.01%	0.07%	0.04%	0.04%	0.03%	0.01%	0.03%	0.01%	0.03%	0.04%
Accounts Payable	18.65M	329.02M	164.51M	273.43M	440.67M	400.78M	341.86M	433.04M	339.82M	405.35M
Total Debt+	432.9M	387.31M	539.47M	473.54M	587.12M	671.45M	812.04M	1.09B	1.18B	1.03B
Net Debt	155.33M	75.27M	388.68M	266.32M	150.76M	282.68M	489.1M	657.66M	833.62M	617.42M
Long-Term Debt	0	312.31M	539.47M	0	587.12M	671.45M	812.04M	1.09B	1.18B	1.03B
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	-312.31M	-539.47M	0	16.23M	11.7M	14.83M	18.93M	19.63M	19.45M
Total Current Liabilities	225M	272.11M	293.87M	273.65M	440.67M	400.78M	341.86M	433.04M	339.82M	405.35M
Total Non-Current Liabilities	512.6M	459.93M	426.09M	473.54M	603.34M	683.15M	826.87M	1.1B	1.2B	1.05B
Total Liabilities	737.6M	732.04M	719.96M	764.26M	1.04B	1.08B	1.17B	1.54B	1.54B	1.46B
Total Equity+	882.7M	993.77M	1.31B	1.19B	905.88M	852.02M	842.28M	999.73M	986.64M	992.93M
Equity Growth %	-0.06%	0.13%	0.32%	-0.1%	-0.24%	-0.06%	-0.01%	0.19%	-0.01%	0.01%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.02%	0.11%	0.06%	0.05%	0.05%	0.02%	0.07%	0.02%	0.08%	0.1%
Book Value per Share	20.79	23.52	31.01	28.05	21.44	20.16	19.93	19.34	18.09	18.25
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	425K	422K	423K	423K	423K	423K	423K	546K	546K	546K
Additional Paid-in Capital	993.99M	989.73M	991.34M	992.44M	988.79M	962.48M	937M	1.16B	1.12B	1.12B
Retained Earnings	-15.59M	-11.85M	-13.32M	-73.69M	-83.33M	-110.88M	-95.14M	-163.38M	-131.84M	-125.23M
Accumulated OCI	-64M	-63M	-70M	-74M	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-497.99M	148.16M	-246.09M	191.03M	186.72M	-62.6M	-135.1M	91.06M	-3.71M	156.13M
Operating CF Growth %	-4.18%	1.3%	-2.66%	1.78%	-0.02%	-1.34%	-1.16%	1.67%	-1.04%	43.13%
Net Income	14.08M	106.81M	70.43M	66.87M	56.02M	15.45M	59.57M	18.34M	76.39M	95.76M
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-291.85M	7.81M	-156.39M	5.09M	-36.89M	-37.13M	-138.63M	-29.44M	17.82M	4.2M
Working Capital Changes	-220.21M	33.53M	-160.13M	119.07M	167.59M	-40.93M	-56.04M	102.16M	-97.91M	56.18M
Cash from Investing+	-341.66M	0	-154.25M	-2.76M	-43.68M	-43.68M	-127.72M	-78.26M	-73.18M	153.18M
Purchase of Investments	-480.7M	0	-480.73M	-776.81M	-403.69M	-403.69M	-596.26M	-609.64M	-786.82M	-450.01M
Sale/Maturity of Investments	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	140.22M	-113.68M	84.83M	-134.6M	42.42M	15.03M	69.26M	14.34M	-7.3M	-239.2M
Dividends Paid	-67.94M	-67.69M	-67.33M	-68.67M	-69.31M	-69.31M	-69.31M	-94.54M	-96.95M	-89.47M
Share Repurchases	-6K	-3.41M	0	0	0	0	0	-3.04M	-10K	0
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	-1000K
Other Financing	267K	110K	2.92M	61.67M	969K	1.23M	0	0	0	0
Net Change in Cash+	-357.77M	34.48M	-161.26M	56.43M	229.14M	-47.58M	-65.84M	105.4M	-84.18M	70.12M
Exchange Rate Effect	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Cash at Beginning	635.34M	277.57M	312.05M	150.79M	207.22M	436.35M	388.78M	322.94M	428.33M	344.15M
Cash at End	277.57M	312.05M	150.79M	207.22M	436.35M	388.78M	322.94M	428.33M	344.15M	414.27M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	-497.99M	148.16M	-246.09M	191.03M	186.72M	-62.6M	-135.1M	91.06M	-3.71M	156.13M
FCF Growth %	-4.18%	1.3%	-2.66%	1.78%	-0.02%	-1.34%	-1.16%	1.67%	-1.04%	43.13%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1.55%	11.38%	6.11%	5.36%	5.36%	1.76%	7.03%	1.99%	7.69%	9.67%
Return on Assets (ROA)	0.85%	6.53%	4.28%	4.02%	3.08%	0.8%	3.02%	0.81%	3.02%	3.85%
Net Interest Margin	4.04%	5.19%	4.12%	4.53%	4.24%	3.4%	3.36%	3.35%	4.15%	4.06%
Efficiency Ratio	18.09%	7.25%	11.21%	9.3%	10.85%	16.06%	10.02%	13.4%	6.38%	5.23%
Equity / Assets	54.48%	60.21%	79.82%	70.42%	46.46%	44.01%	41.88%	39.4%	39.09%	40.54%
Book Value / Share	20.79	23.52	31.01	28.05	21.44	20.16	19.93	19.34	18.09	18.25
NII Growth	-11.46%	30.76%	-21.11%	12.88%	8.33%	-20.31%	2.66%	25.62%	23.37%	-4.98%
Dividend Payout	482.56%	63.37%	95.59%	102.69%	123.73%	448.57%	116.36%	515.42%	-	-

Frequently Asked Questions

Valuation & Price

SLR Investment Corp. (SLRC) has a price-to-earnings (P/E) ratio of 8.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

SLR Investment Corp. (SLRC) grew revenue by 10.9% over the past year. This is steady growth.

Yes, SLR Investment Corp. (SLRC) is profitable, generating $90.1M in net income for fiscal year 2024 (54.3% net margin).

Dividend & Returns

Yes, SLR Investment Corp. (SLRC) pays a dividend with a yield of 10.58%. This makes it attractive for income-focused investors.

SLR Investment Corp. (SLRC) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.

Industry Metrics

SLR Investment Corp. (SLRC) has a net interest margin (NIM) of 4.1%. This indicates healthy earnings from lending activities.

SLR Investment Corp. (SLRC) has an efficiency ratio of 5.2%. This is excellent, indicating strong cost control.

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