OFS Credit Company, Inc. (OCCI) 10-Year Financial Performance & Capital Metrics

OCCI • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)CLO & Structured Credit Investors

AboutOFS Credit Company, Inc. is a fund of OFS Advisor.Show more

Net Interest Income $29M +6.8%
Total Revenue $19M -39.1%
Net Income $15M +895.5%
Return on Equity 11.18% +734.5%
Net Interest Margin 12.01% -17.5%
Efficiency Ratio 19.61% -38.8%
ROA 7.04% +743.1%
Equity / Assets 61.72% -4.5%
Book Value per Share 8.90 -15.4%
Tangible BV/Share 8.90 -15.4%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 12.0%
✓Efficient operations: 19.6% efficiency ratio
✓Well capitalized: 61.7% equity/assets
✓Trading at only 0.5x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Dividend payout exceeds 100% of earnings
✗Shares diluted 46.2% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-6.65%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-9.56%

TTM-62.02%

EPS CAGR

10Y-

5Y-

3Y-38.18%

TTM-67.54%

ROCE

10Y Avg0.89%

5Y Avg2.86%

3Y Avg-1.27%

Latest7.04%

Peer Comparison

CLO & Structured Credit Investors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OXLCGOxford Lane Capital Corp. 7.95% Notes due 2032		25.35	237.14	-67.05%	50.6%	10.15%		0.25
OXLCOxford Lane Capital Corp.	1.45B	14.92	139.57	-65.74%	50.6%	10.15%		0.25
PDPAPearl Diver Credit Company Inc.		25.32	29.79	6.8%	86.65%	13.08%		0.05
ECCUEagle Point Credit Company Inc.		25.20	29.30	-14.94%	69.26%	3.08%		0.29
ECCXEagle Point Credit Company Inc. 6.6875% NT 28	454.98M	25.15	29.24	-14.94%	69.26%	3.08%	22.76%	0.29
ECCFEagle Point Credit Company Inc.		24.93	28.99	-14.94%	69.26%	3.08%		0.29
ECCWEagle Point Credit Company Inc.		24.90	28.95	-14.94%	69.26%	3.08%		0.29
ECCCEagle Point Credit Company Inc.		24.65	28.66	-14.94%	69.26%	3.08%		0.29

Profit & Loss

	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Net Interest Income+	0	7.88M	9.44M	12.83M	22.17M	27.07M	28.92M
NII Growth %	-	-	0.2%	0.36%	0.73%	0.22%	0.07%
Net Interest Margin %	-	-	-	-	-	-	-
Interest Income	0	8.86M	11.07M	15.55M	26.22M	30.7M	32.55M
Interest Expense	69.47K	982.2K	1.63M	2.72M	4.05M	3.62M	3.63M
Loan Loss Provision	-59.47K	1.7M	1.54M	2.15M	3.29M	0	-3.63M
Non-Interest Income+	350.83K	-15.33M	-12.71M	7.42M	0	0	-13.87M
Non-Interest Income %	-	-	-	-	-	-	-
Total Revenue+	350.83K	-6.47M	-1.64M	22.97M	26.22M	30.7M	18.69M
Revenue Growth %	-	-19.45%	0.75%	15.04%	0.14%	0.17%	-0.39%
Non-Interest Expense	771.9K	1.38M	4.33M	6.33M	8.91M	9.83M	3.66M
Efficiency Ratio	-	-	-	-	-	-	-
Operating Income+	2.6M	-7.86M	-2.04M	23.03M	-9.15M	-8.81M	15.02M
Operating Margin %	-	-	-	-	-	-	-
Operating Income Growth %	-	-4.02%	0.74%	12.26%	-1.4%	0.04%	2.7%
Pretax Income+	286.51K	-7.86M	-3.68M	20.31M	-13.59M	-1.89M	15.02M
Pretax Margin %	-	-	-	-	-	-	-
Income Tax+	286.51K	0	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-
Net Income+	286.51K	-7.86M	-3.68M	20.31M	-13.59M	-1.89M	15.02M
Net Margin %	-	-	-	-	-	-	-
Net Income Growth %	-	-28.43%	0.53%	6.52%	-1.67%	0.86%	8.95%
Net Income (Continuing)	286.51K	-7.86M	-3.68M	20.31M	-13.59M	-1.89M	15.02M
EPS (Diluted)+	0.11	-3.02	-1.14	3.81	-1.65	-0.17	0.90
EPS Growth %	-	-28.45%	0.62%	4.34%	-1.43%	0.9%	6.29%
EPS (Basic)	0.11	-3.02	-1.14	3.81	-1.65	-0.17	0.90
Diluted Shares Outstanding	2.51M	2.6M	3.24M	7.86M	8.24M	11.42M	16.69M

Balance Sheet

	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	9.06M	3.93M	6.45M	15M	12.54M	16.78M	24.7M
Short Term Investments	0	0	0	0	0	0	0
Total Investments+	0	0	0	0	0	168.1M	0
Investments Growth %	-	-	-	-	-	-	-1%
Long-Term Investments	0	0	0	0	0	168.1M	0
Accounts Receivables	155.44K	0	0	289.2K	607.29K	833.14K	800.88K
Goodwill & Intangibles+	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0	0
Other Assets	41.88M	64.15M	57.15M	149.92M	145.88M	0	215.28M
Total Current Assets	9.23M	3.99M	6.45M	15.28M	13.15M	17.61M	25.5M
Total Non-Current Assets	41.88M	64.15M	57.15M	149.92M	145.88M	168.1M	215.28M
Total Assets+	51.1M	68.13M	63.59M	165.21M	159.03M	185.93M	240.77M
Asset Growth %	-	0.33%	-0.07%	1.6%	-0.04%	0.17%	0.29%
Return on Assets (ROA)	0.01%	-0.13%	-0.06%	0.18%	-0.08%	-0.01%	0.07%
Accounts Payable	590K	320K	0	5.9M	0	0	0
Total Debt+	0	0	0	0	0	62.77M	0
Net Debt	-9.06M	-3.93M	-6.45M	-15M	-12.54M	45.99M	-24.7M
Long-Term Debt	0	0	0	0	0	62.77M	0
Short-Term Debt	0	0	0	0	0	0	0
Other Liabilities	124.73K	21.96M	22.12M	51.21M	64.82M	0	92.17M
Total Current Liabilities	590K	320K	0	5.9M	0	2.77M	0
Total Non-Current Liabilities	124.73K	21.96M	22.12M	51.21M	64.82M	62.77M	92.17M
Total Liabilities	714.73K	22.28M	22.12M	57.11M	64.82M	65.74M	92.17M
Total Equity+	50.39M	45.86M	41.48M	108.1M	94.21M	120.19M	148.61M
Equity Growth %	-	-0.09%	-0.1%	1.61%	-0.13%	0.28%	0.24%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-
Return on Equity (ROE)	0.01%	-0.16%	-0.08%	0.27%	-0.13%	-0.02%	0.11%
Book Value per Share	20.11	17.63	12.81	13.75	11.44	10.53	8.90
Tangible BV per Share	-	-	-	-	-	-	-
Common Stock	2.5K	3.06K	3.58K	7.72K	9.44K	15.92K	20.7K
Additional Paid-in Capital	49.96M	50.95M	53.3M	96.35M	109.54M	163.08M	193.76M
Retained Earnings	420.08K	-5.09M	-11.83M	11.74M	-15.34M	-42.91M	-45.17M
Accumulated OCI	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0

Cash Flow

	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Cash from Operations+	2.57M	-28.93M	3.46M	-65.72M	-14.6M	-23.68M	-30.55M
Operating CF Growth %	-	-12.25%	1.12%	-20%	0.78%	-0.62%	-0.29%
Net Income	286.51K	-7.86M	-3.68M	20.31M	-13.59M	-1.89M	15.02M
Depreciation & Amortization	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0
Other Non-Cash Items	1.3M	-22.17M	7.43M	-92.5M	4.75M	-21.87M	-46.29M
Working Capital Changes	545.74K	1.09M	-292.9K	6.48M	-5.76M	82.22K	716K
Cash from Investing+	-43.62M	-38.74M	-5.18M	-86.58M	-31.47M	-49.78M	0
Purchase of Investments	-43.62M	-40.92M	-5.18M	-117.6M	-49.96M	-62.88M	-124.23M
Sale/Maturity of Investments	0	1000K	0	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	64.74M
Cash from Financing+	50M	23.81M	-942.65K	74.27M	12.14M	27.92M	38.47M
Dividends Paid	0	-5.48M	-3.49M	-2.23M	-3.63M	-5M	-19.01M
Share Repurchases	50M	0	0	0	0	0	0
Stock Issued	50M	9.17M	2.82M	48.66M	3.33M	32.91M	31.96M
Net Stock Activity	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	0	1000K	0	0
Other Financing	50M	-1.21M	-267.23K	-182.11K	0	0	-246.72K
Net Change in Cash+	8.96M	-5.13M	2.52M	8.55M	-2.45M	4.24M	7.92M
Exchange Rate Effect	0	1000K	1000K	1000K	1000K	0	0
Cash at Beginning	100K	9.06M	3.93M	6.45M	15M	12.54M	16.78M
Cash at End	9.06M	3.93M	6.45M	15M	12.54M	16.78M	24.7M
Interest Paid	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0
Free Cash Flow+	2.57M	-28.93M	3.46M	-65.72M	-14.6M	-23.68M	-30.55M
FCF Growth %	-	-12.25%	1.12%	-20%	0.78%	-0.62%	-0.29%

Banking Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.57%	-16.33%	-8.42%	27.15%	-13.43%	-1.76%	11.18%
Return on Assets (ROA)	0.56%	-13.18%	-5.58%	17.75%	-8.38%	-1.09%	7.04%
Net Interest Margin	0%	11.56%	14.84%	7.77%	13.94%	14.56%	12.01%
Efficiency Ratio	220.02%	-21.38%	-264.67%	27.55%	33.98%	32.03%	19.61%
Equity / Assets	98.6%	67.3%	65.22%	65.43%	59.24%	64.64%	61.72%
Book Value / Share	20.11	17.63	12.81	13.75	11.44	10.53	8.9
NII Growth	-	-	19.85%	35.96%	72.78%	22.09%	6.84%
Dividend Payout	-	-	-	11%	-	-	126.53%

Frequently Asked Questions

Valuation & Price

OFS Credit Company, Inc. (OCCI) has a price-to-earnings (P/E) ratio of 5.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

OFS Credit Company, Inc. (OCCI) saw revenue decline by 39.1% over the past year.

Yes, OFS Credit Company, Inc. (OCCI) is profitable, generating $4.5M in net income for fiscal year 2024 (80.4% net margin).

Dividend & Returns

Yes, OFS Credit Company, Inc. (OCCI) pays a dividend with a yield of 23.38%. This makes it attractive for income-focused investors.

OFS Credit Company, Inc. (OCCI) has a return on equity (ROE) of 11.2%. This is reasonable for most industries.

Industry Metrics

OFS Credit Company, Inc. (OCCI) has a net interest margin (NIM) of 12.0%. This indicates healthy earnings from lending activities.

OFS Credit Company, Inc. (OCCI) has an efficiency ratio of 19.6%. This is excellent, indicating strong cost control.

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