Bain Capital Specialty Finance, Inc. (BCSF) Financial Ratios
9 years of historical data (2016–2024) · Financial Services · Asset Management
EV/EBITDA
↓
18.02
↓-72% vs avg
5yr avg: 64.88
30Y Low17.2·High26.2
P/FCF
↑
7.96
↓-23% vs avg
5yr avg: 10.38
30Y Low6.7·High18.0
P/B Ratio
↑
0.78
-5% vs avg
5yr avg: 0.82
30Y Low0.7·High1.0
ROE
↑
10.5%
↓+23% vs avg
5yr avg: 8.6%
30Y Low1%·High11%
Debt/EBITDA
↓
11.22
↓-74% vs avg
5yr avg: 43.47
30Y Low9.9·High19.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BCSF Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Bain Capital Specialty Finance, Inc. trades at 7.5x earnings, 69% below its 5-year average of 23.9x, sitting at the 14th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a discount of 43%. On a free-cash-flow basis, the stock trades at 8.0x P/FCF, 23% below the 5-year average of 10.4x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $896M | $1.1B | $973M | $768M | $982M | $712M | $1.0B | $656M | — | — |
| Enterprise Value | $2.2B | $2.5B | $2.2B | $2.1B | $2.3B | $2.1B | $2.6B | $1.3B | — | — |
| P/E Ratio → | 7.46 | 9.47 | 7.89 | 7.30 | 8.18 | 86.64 | 10.57 | 24.66 | — | — |
| P/S Ratio | 4.21 | 5.31 | 4.46 | 4.55 | 5.60 | 9.22 | 6.42 | 8.91 | — | — |
| P/B Ratio | 0.78 | 0.99 | 0.86 | 0.69 | 0.89 | 0.67 | 1.02 | 0.65 | — | — |
| P/FCF | 7.96 | 10.05 | 7.73 | 6.73 | 18.02 | 9.37 | 10.15 | — | — | — |
| P/OCF | 7.96 | 10.05 | 7.73 | 6.73 | 18.02 | 9.37 | 10.15 | — | — | — |
P/E links to full P/E history page with 30-year chart
BCSF EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bain Capital Specialty Finance, Inc.'s enterprise value stands at 18.0x EBITDA, 72% below its 5-year average of 64.9x. The Financial Services sector median is 11.5x, placing the stock at a 57% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 11.59 | 10.00 | 12.40 | 13.00 | 27.39 | 15.97 | 17.33 | — | — |
| EV / EBITDA | 18.02 | 19.92 | 17.20 | 19.69 | 19.01 | 248.57 | 26.22 | 25.18 | — | — |
| EV / EBIT | 18.02 | 19.92 | 17.20 | 19.69 | 19.01 | 248.57 | 26.22 | 25.18 | — | — |
| EV / FCF | — | 21.92 | 17.32 | 18.33 | 41.83 | 27.86 | 25.24 | — | — | — |
BCSF Profitability
Margins and return-on-capital ratios measuring operating efficiency
Bain Capital Specialty Finance, Inc. earns an operating margin of 58.2%, significantly above the Financial Services sector average of 21.6%. Operating margins have compressed from 63.0% to 58.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 10.5% is modest. ROIC of 3.8% represents below-average returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.9% | 64.9% | 63.3% | 69.0% | 70.7% | 18.0% | 58.8% | 99.3% | 84.8% | 98.6% |
| Operating Margin | 58.2% | 58.2% | 58.1% | 63.0% | 68.4% | 11.0% | 60.9% | 94.1% | 74.1% | 31.2% |
| Net Profit Margin | 56.1% | 56.1% | 56.6% | 62.5% | 68.3% | 10.7% | 60.9% | 36.2% | 78.7% | 31.2% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.5% | 10.5% | 11.0% | 9.5% | 11.1% | 0.8% | 9.7% | 3.5% | 6.3% | 0.6% |
| ROA | 4.7% | 4.7% | 4.9% | 4.1% | 4.6% | 0.3% | 4.4% | 1.9% | 3.3% | 0.3% |
| ROIC | 3.8% | 3.8% | 3.9% | 3.2% | 3.6% | 0.2% | 3.5% | 4.0% | 2.4% | — |
| ROCE | 5.0% | 5.0% | 5.1% | 4.2% | 4.7% | 0.3% | 4.6% | 5.3% | 3.2% | 0.4% |
BCSF Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Bain Capital Specialty Finance, Inc. carries a Debt/EBITDA ratio of 11.2x, which is highly leveraged (171% above the sector average of 4.1x). Net debt stands at $1.3B ($1.4B total debt minus $54M cash). Interest coverage of just 1.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.22 | 1.22 | 1.11 | 1.24 | 1.29 | 1.37 | 1.55 | 0.63 | 0.89 | 0.54 |
| Debt / EBITDA | 11.22 | 11.22 | 9.91 | 13.03 | 11.80 | 171.37 | 16.05 | 12.53 | 19.24 | 97.05 |
| Net Debt / Equity | — | 1.17 | 1.06 | 1.19 | 1.18 | 1.31 | 1.51 | 0.62 | 0.61 | -0.07 |
| Net Debt / EBITDA | 10.79 | 10.79 | 9.52 | 12.47 | 10.82 | 164.95 | 15.67 | 12.23 | 13.23 | -12.53 |
| Debt / FCF | — | 11.87 | 9.59 | 11.61 | 23.81 | 18.48 | 15.09 | — | — | — |
| Interest Coverage | 1.66 | 1.66 | 1.58 | 2.03 | 2.34 | 0.13 | 1.48 | 2.88 | 5.02 | 22.54 |
BCSF Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.92x means Bain Capital Specialty Finance, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.22x to 1.92x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.92 | 1.92 | 1.80 | 2.22 | 3.30 | 1.89 | 1.58 | 0.22 | 4.98 | 9.86 |
| Quick Ratio | 1.92 | 1.92 | 1.80 | 2.22 | 3.30 | 1.89 | 1.58 | 0.22 | 4.98 | 9.86 |
| Cash Ratio | 0.52 | 0.52 | 0.98 | 0.66 | 2.09 | 1.23 | 0.71 | 0.10 | 4.65 | 9.75 |
| Asset Turnover | — | 0.08 | 0.09 | 0.07 | 0.07 | 0.03 | 0.06 | 0.04 | 0.02 | 0.01 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — |
BCSF Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bain Capital Specialty Finance, Inc. returns 12.8% to shareholders annually primarily through dividends. The payout ratio of 95.7% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 13.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 12.8% | 10.1% | 10.2% | 11.4% | 8.9% | 12.1% | 7.9% | 6.2% | — | — |
| Payout Ratio | 95.7% | 95.7% | 80.6% | 83.2% | 73.3% | 1042.0% | 82.8% | 153.8% | 40.2% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.4% | 10.6% | 12.7% | 13.7% | 12.2% | 1.2% | 9.5% | 4.1% | — | — |
| FCF Yield | 12.6% | 10.0% | 12.9% | 14.9% | 5.5% | 10.7% | 9.9% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 12.8% | 10.1% | 10.2% | 11.4% | 8.9% | 12.1% | 7.9% | 6.2% | — | — |
| Shares Outstanding | — | $65M | $65M | $65M | $65M | $59M | $52M | $39M | $20M | $20M |
Peer Comparison
Compare BCSF with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BCSFYou | $896M | 7.5 | 18.0 | 8.0 | 64.9% | 58.2% | 10.5% | 3.8% | 11.2 |
 ARCC | $14B | 10.2 | 13.1 | 11.9 | 75.7% | 69.7% | 9.4% | 5.7% | 7.3 |
 GBDC | $3B | 9.3 | 12.1 | — | 81.5% | 78.9% | 9.4% | 5.9% | 7.1 |
 TPVG | $243M | 4.9 | 9.1 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 CGBD | $859M | 7.5 | 19.6 | 8.2 | 59.2% | 54.7% | 9.8% | 3.7% | 10.6 |
 SLRC | $745M | 8.0 | 11.5 | — | 73.3% | 72.9% | 9.3% | 5.8% | 7.0 |
 PFLT | $888M | 12.4 | 37.7 | 9.3 | 45.6% | 39.4% | 6.8% | 2.1% | 26.3 |
 TRIN | $1B | 8.7 | 11.4 | — | 100.0% | 93.1% | 14.1% | 7.9% | 6.1 |
 FSK | $3B | 278.4 | 13.9 | 5.2 | 69.6% | 49.5% | 0.2% | 3.2% | 10.1 |
 BBDC | $928M | 9.1 | 12.0 | 5.8 | 74.0% | 85.2% | 8.7% | 6.1% | 7.5 |
 OCSL | $1B | 31.3 | 16.4 | 7.6 | 87.2% | 50.4% | 2.3% | 3.7% | 9.8 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
See BCSF's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs BCSF Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare BCSF vs ARCC
Side-by-side business, growth, and profitability comparison vs Ares Capital Corporation.
Start ComparisonBCSF — Frequently Asked Questions
Quick answers to the most common questions about buying BCSF stock.
What is Bain Capital Specialty Finance, Inc.'s P/E ratio?
Bain Capital Specialty Finance, Inc.'s current P/E ratio is 7.5x. The historical average is 22.1x. This places it at the 14th percentile of its historical range.
What is Bain Capital Specialty Finance, Inc.'s EV/EBITDA?
Bain Capital Specialty Finance, Inc.'s current EV/EBITDA is 18.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.2x.
What is Bain Capital Specialty Finance, Inc.'s ROE?
Bain Capital Specialty Finance, Inc.'s return on equity (ROE) is 10.5%. The historical average is 7.0%.
Is BCSF stock overvalued?
Based on historical data, Bain Capital Specialty Finance, Inc. is trading at a P/E of 7.5x. This is at the 14th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Bain Capital Specialty Finance, Inc.'s dividend yield?
Bain Capital Specialty Finance, Inc.'s current dividend yield is 12.82% with a payout ratio of 95.7%.
What are Bain Capital Specialty Finance, Inc.'s profit margins?
Bain Capital Specialty Finance, Inc. has 64.9% gross margin and 58.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Bain Capital Specialty Finance, Inc. have?
Bain Capital Specialty Finance, Inc.'s Debt/EBITDA ratio is 11.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.