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General information

Country: UNITED STATES

Sector: Asset Management

Bain Capital Specialty Finance, Inc. operates as a business development company (BDC) specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt. It typically invests in companies with EBITDA between $10 million and $150 million.
Website: baincapital.com


  • Bad financial results growth rate -55.3% (average between last period year over year growth for revenue and Net Income), there is slowdown compared to average historical growth rates (35.8%)
  • Dividend yield for the last twelve months 10.7%
  • Share price is 40.8% higher than minimum and 6.2% lower than maximum for the last 3 years
  • The company is overvalued by P/E LTM multiple compared to target level (8.7x vs 8.5x)
  • Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: BCSF
Share price, USD:  (-2.1%)15.68
year average price 14.52  


year start price 11.82 2023-03-30

min close price 11.14 2023-05-04

max close price 16.71 2023-09-19

current price 15.68 2024-03-28
Common stocks: 58 447 530

Dividend Yield:  10.7%
P / E LTM: 8.7x
P / E annualized: 14.3x
Last revenue growth (y/y):  -48.6%
Last growth of Net Income (y/y):  -61.9%
Historical revenue growth:  34.9%
Historical growth of Net Income:  36.6%
EV / Sales: 8.4x
Margin (Net Income LTM / Revenue): 96.3%

Target P/E (hist percentile): 8.5x
Fundamental value created in LTM:
P/E mutiple calculation
Market Cap ($m): 916
Net Profit ($m): 105
P / E LTM: 8.7x
Price to Book: 0.8x

Revenue and Net Income

Quarterly values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

P / E

Potential dynamics

News


2024-03-22Seeking Alpha

Bain Capital Specialty Finance: I Am Getting 11.4% Yield On My Last Purchase

2024-03-11InvestorPlace

The 3 Most Undervalued Dividend Stocks to Buy in March 2024

2024-03-04Zacks Investment Research

Bain Capital Specialty (BCSF) Moves to Buy: Rationale Behind the Upgrade

2024-02-10Seeking Alpha

Bain Capital Specialty Finance: Strong Yield With Little Risk

2023-11-27Seeking Alpha

Bain Capital Specialty Finance: I Was Wrong About This 11% Yielding BDC

2023-11-22Seeking Alpha

Bain Capital Specialty Finance: 11% Dividend Yield, 14% Discount To NAV

2023-11-02Zacks Investment Research

What's in the Cards for Bain Capital's (BCSF) Q3 Earnings?

2023-09-26Zacks Investment Research

Bain Capital Specialty (BCSF) is a Great Momentum Stock: Should You Buy?

2023-09-18Seeking Alpha

Bain Capital Specialty Finance: I'm Buying The 10.5% Dividend Hike And NAV Growth

2023-07-12Business Wire

Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Second Quarter Ended June 30, 2023
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BCSF BCSF BCSF BCSF BCSF BCSF
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-27 2023-11-06 2023-08-08 2023-05-09 2022-12-31 2022-11-09
acceptedDate 2024-02-27 17:04:09 2023-11-06 16:33:43 2023-08-08 16:27:24 2023-05-09 16:35:28 2022-12-31 00:00:00 2022-11-09 16:23:03
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 95M 38M 32M 32M 47M 14M
costOfRevenue 16M -14M 13M -25M 0 0
grossProfit 79M 51M 19M 57M 47M 14M
grossProfitRatio 0.829 1.363 0.595 1.770 1.000 1.000
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 4M 3M 2M 2M 3M 3M
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 4M 3M 2M 2M 3M 3M
otherExpenses -28M 47M -11M 0 2000.000 745 000
operatingExpenses 28M 3M 2M 2M 3M 3M
costAndExpenses 44M 3M 2M 2M 3M 3M
interestIncome 56M 57M 58M 57M 49M 44M
interestExpense 19M 21M 20M 20M 16M 14M
depreciationAndAmortization 0 -57M -60M 3M -837 000 0
ebitda 51M 36M 40M 52M 60M 25M
ebitdaratio 0.535 0.963 1.235 1.620 1.266 1.779
operatingIncome 51M 36M 40M 49M 61M 25M
operatingIncomeRatio 0.535 0.963 1.235 1.531 1.284 1.779
totalOtherIncomeExpensesNet -19M -2M -10M -20M -16M -14M
incomeBeforeTax 32M 34M 30M 30M 44M 11M
incomeBeforeTaxRatio 0.338 0.916 0.934 0.925 0.940 0.773
incomeTaxExpense 1M 640 000 1M 595 000 837 000 0
netIncome 31M 34M 29M 29M 44M 11M
netIncomeRatio 0.327 0.899 0.901 0.907 0.922 0.773
eps 0.480 0.520 0.450 0.450 -0.750 0.170
epsdiluted 0.480 0.520 0.450 0.450 -0.750 0.170
weightedAverageShsOut 65M 65M 65M 65M 59M 65M
weightedAverageShsOutDil 65M 65M 65M 65M 59M 65M
link Link Link Link Link Link
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Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BCSF BCSF BCSF BCSF BCSF BCSF
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-27 2023-11-06 2023-08-08 2023-05-09 2022-12-31 2022-11-09
acceptedDate 2024-02-27 17:04:09 2023-11-06 16:33:43 2023-08-08 16:27:24 2023-05-09 16:35:28 2022-12-31 00:00:00 2022-11-09 16:23:03
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 112M 79M 92M 30M 60M 44M
shortTermInvestments 0 12M -58M -7M 0 0
cashAndShortTermInvestments 112M 91M 34M 23M 60M 44M
netReceivables 41M 50M 150M 100M 66M 147M
inventory 0 1.000 1.000 0 0 0
otherCurrentAssets -154M -155M -279M 0 0 0
totalCurrentAssets 0 125M 39M 55M 126M 192M
propertyPlantEquipmentNet 0 0 0 0 0 0
goodwill 0 0 0 0 0 0
intangibleAssets 0 0 0 0 0 0
goodwillAndIntangibleAssets 0 0 0 0 0 0
longTermInvestments 2 306M 2 396M 2 385M 2 416M 2 387M 2 306M
taxAssets 0 0 0 0 0 0
otherNonCurrentAssets -2 306M -2 396M -2 385M -2 416M -2 387M -2 306M
totalNonCurrentAssets 0 2 396M 2 385M 2 416M 2 387M 2 306M
otherAssets 2 472M 46M 251M 135M 79M 23M
totalAssets 2 472M 2 566M 2 675M 2 606M 2 592M 2 521M
accountPayables 61M 52M 46M 56M 73M 54M
shortTermDebt 0 0 0 0 0 0
taxPayables 0 0 0 0 0 0
deferredRevenue 0 0 0 0 0 0
otherCurrentLiabilities -61M -52M -46M -56M -73M -54M
totalCurrentLiabilities 61M 52M 46M 56M 73M 54M
longTermDebt 1 256M 1 370M 1 490M 1 408M 1 385M 1 360M
deferredRevenueNonCurrent 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0
otherNonCurrentLiabilities 80M -1 370M -1 490M -1 352M -1 313M -54M
totalNonCurrentLiabilities 1 336M 1 370M 1 490M 56M 73M 54M
otherLiabilities -61M 12M 14M 1 372M 1 331M 1 317M
capitalLeaseObligations 0 0 0 0 0 0
totalLiabilities 1 336M 1 434M 1 550M 1 485M 1 476M 1 425M
preferredStock 0 0 0 0 0 0
commonStock 65 000 65 000 65 000 65 000 65 000 65 000
retainedEarnings -32M -36M -43M -47M -52M -72M
accumulatedOtherComprehensiveIncomeLoss 0 0 0 0 0 0
othertotalStockholdersEquity 1 168M 1 168M 1 168M 1 168M 1 168M 1 168M
totalStockholdersEquity 1 136M 1 133M 1 126M 1 121M 1 116M 1 096M
totalEquity 1 136M 1 133M 1 147M 1 143M 1 116M 1 096M
totalLiabilitiesAndStockholdersEquity 2 472M 2 566M 2 675M 2 606M 2 592M 2 521M
minorityInterest 0 0 22M 22M 0 0
totalLiabilitiesAndTotalEquity 2 472M 2 566M 2 675M 2 606M 2 592M 2 521M
totalInvestments 2 306M 2 396M 2 385M 2 416M 2 387M 2 306M
totalDebt 1 256M 1 370M 1 490M 1 408M 1 385M 1 360M
netDebt 1 143M 1 291M 1 397M 1 378M 1 326M 1 315M
link Link Link Link Link Link
finalLink Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BCSF BCSF BCSF BCSF BCSF BCSF
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-27 2023-11-06 2023-08-08 2023-05-09 2022-12-31 2022-11-09
acceptedDate 2024-02-27 17:04:09 2023-11-06 16:33:43 2023-08-08 16:27:24 2023-05-09 16:35:28 2022-12-31 00:00:00 2022-11-09 16:23:03
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 31M 34M 29M 29M 44M 11M
depreciationAndAmortization 0 163 000 162 000 -6M 0 0
deferredIncomeTax 0 0 0 0 0 0
stockBasedCompensation 0 0 0 0 0 0
changeInWorkingCapital 10M 3M -11M 7M -7M -4M
accountsReceivables 103 000 7M -4M 0 0 0
inventory 0 0 0 0 0 0
accountsPayables 7M 351 000 -5M -120 000 0 0
otherWorkingCapital 3M -5M -1M 120 000 0 0
otherNonCashItems -17M 86M -28M -73M 27M -107M
netCashProvidedByOperatingActivities 25M 122M -9M -43M 63M -100M
investmentsInPropertyPlantAndEquipment 0 0 0 0 0 0
acquisitionsNet 0 0 0 0 0 0
purchasesOfInvestments -182M -111M -219M -327M 0 0
salesMaturitiesOfInvestments 306M 196M 183M 253M 0 0
otherInvestingActivites 0 -61M -11M 0 0 0
netCashUsedForInvestingActivites 124M 23M -47M -74M 0 0
debtRepayment -115M -140M -72M -133M -40M -265M
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased 0 0 0 0 0 0
dividendsPaid -27M -25M -25M -23M -22M -22M
otherFinancingActivites 0 20M 153M 155M 65M 376M
netCashUsedProvidedByFinancingActivities -142M -145M 56M -1M 3M 89M
effectOfForexChangesOnCash 508 000 -952 000 -194 000 -446 000 1M 713 000
netChangeInCash 7M -23M 47M -45M 67M -10M
cashAtEndOfPeriod 112M 105M 129M 81M 126M 59M
cashAtBeginningOfPeriod 105M 129M 81M 126M 59M 69M
operatingCashFlow 25M 122M -9M -43M 63M -100M
capitalExpenditure 0 0 0 0 0 0
freeCashFlow 25M 122M -9M -43M 63M -100M
link Link Link Link Link Link
finalLink Link Link Link Link Link

Earning call transcript

2023 q4
2024-02-28 ET (fiscal 2023 q4)
2023 q3
2023-11-07 ET (fiscal 2023 q3)
2023 q2
2023-08-09 ET (fiscal 2023 q2)
2023 q1
2023-05-10 ET (fiscal 2023 q1)
2022 q4
2023-03-01 ET (fiscal 2022 q4)
2022 q3
2022-11-10 ET (fiscal 2022 q3)
2022 q2
2022-08-07 ET (fiscal 2022 q2)
2022 q1
2022-05-06 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-02-27 22:00 ET
Bain Capital Specialty Finance, Inc. Announces December 31, 2023 Financial Results and Declares First Quarter 2024 Dividend of $0.42 per Share and Additional Dividends Totaling $0.12 per Share for 2024
2024-01-30 21:30 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Fourth Quarter Ended December 31, 2023
2023-11-06 22:01 ET
Bain Capital Specialty Finance, Inc. Announces September 30, 2023 Financial Results and Declares Fourth Quarter 2023 Dividend of $0.42 per Share
2023-10-17 20:30 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Third Quarter Ended September 30, 2023
2023-08-08 21:13 ET
Bain Capital Specialty Finance, Inc. Announces June 30, 2023 Financial Results and Declares Third Quarter 2023 Dividend of $0.42 per Share
2023-07-12 20:39 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Second Quarter Ended June 30, 2023
2023-06-06 13:11 ET
AqueoUS Vets® Expands National Presence With Acquisition of Dixie Tank Company, Leading Manufacturer of Carbon and Stainless-Steel Vessels
2023-05-09 21:16 ET
Bain Capital Specialty Finance, Inc. Announces March 31, 2023 Financial Results and Declares Second Quarter 2023 Dividend of $0.38 per Share
2023-04-18 21:08 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the First Quarter Ended March 31, 2023
2023-02-28 22:15 ET
Bain Capital Specialty Finance, Inc. Announces December 31, 2022 Financial Results and Declares First Quarter 2023 Dividend of $0.38 per Share
2023-02-22 21:30 ET
Bain Capital Specialty Finance, Inc. Receives Investment Grade Rating from KBRA
2023-02-06 21:30 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Fourth Quarter and Fiscal Year Ended December 31, 2022
2022-11-09 22:00 ET
Bain Capital Specialty Finance, Inc. Announces September 30, 2022 Financial Results and Declares Fourth Quarter 2022 Dividend of $0.36 per Share
2022-10-13 20:30 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Third Quarter Ended September 30, 2022
2022-08-03 21:26 ET
Bain Capital Specialty Finance, Inc. Announces June 30, 2022 Financial Results and Declares Third Quarter 2022 Dividend of $0.34 per Share
2022-07-07 20:30 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Second Quarter Ended June 30, 2022
2022-05-05 20:32 ET
Bain Capital Specialty Finance, Inc. Announces March 31, 2022 Financial Results and Declares Second Quarter 2022 Dividend of $0.34 per Share
2022-04-18 13:00 ET
Bain Capital Specialty Finance, Inc. Receives Investment Grade Rating from Fitch
2022-04-08 12:00 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the First Quarter Ended March 31, 2022
2022-02-23 22:14 ET
Bain Capital Specialty Finance, Inc. Announces December 31, 2021 Financial Results and Declares First Quarter 2022 Dividend of $0.34 per Share
2022-02-14 22:24 ET
Bain Capital Specialty Finance, Inc. Announces Formation of Bain Capital Senior Loan Program, LLC
2022-01-21 13:00 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Fourth Quarter and Fiscal Year Ended December 31, 2021
2021-11-03 21:01 ET
Bain Capital Specialty Finance, Inc. Announces September 30, 2021 Financial Results and Declares Fourth Quarter 2021 Dividend of $0.34 per Share
2021-10-08 12:00 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Third Quarter Ended September 30, 2021
2021-10-05 20:51 ET
Bain Capital Specialty Finance, Inc. Prices Public Offering of $300 Million 2.550% Unsecured Notes Due 2026
2021-08-04 21:05 ET
Bain Capital Specialty Finance, Inc. Announces June 30, 2021 Financial Results and Declares Third Quarter 2021 Dividend of $0.34 per Share
2021-07-08 20:15 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Second Quarter Ended June 30, 2021
2021-05-05 21:16 ET
Bain Capital Specialty Finance, Inc. Announces March 31, 2021 Financial Results and Declares Second Quarter 2021 Dividend of $0.34 per Share
2021-04-06 20:15 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the First Quarter Ended March 31, 2021
2021-03-03 21:44 ET
Bain Capital Specialty Finance, Inc. Prices Public Offering of $300 Million of 2.950% Unsecured Notes Due 2026
2021-02-25 12:26 ET
Bain Capital Specialty Finance, Inc. Receives Investment Grade Rating from Moody’s
2021-02-24 21:45 ET
Bain Capital Specialty Finance, Inc. Announces December 31, 2020 Financial Results and Declares First Quarter 2021 Dividend of $0.34 per Share
2021-02-11 12:00 ET
Bain Capital Specialty Finance, Inc. Announces Preliminary December 31, 2020 Financial Results
2021-02-11 12:00 ET
Bain Capital Specialty Finance, Inc. Forms Strategic Partnership With Pantheon
2021-01-21 21:15 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Fourth Quarter and Fiscal Year Ended December 31, 2020
2020-11-05 21:41 ET
Bain Capital Specialty Finance, Inc. Announces September 30, 2020 Financial Results and Declares Fourth Quarter 2020 Dividend of $0.34 per Share
2020-10-06 20:30 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Third Quarter Ended September 30, 2020
2020-08-05 20:32 ET
Bain Capital Specialty Finance, Inc. Announces June 30, 2020 Financial Results and Declares Third Quarter 2020 Dividend of $0.34 per Share
2020-07-09 20:30 ET
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Second Quarter Ended June 30, 2020
2020-06-11 21:30 ET
Bain Capital Specialty Finance, Inc. Announces Final Results of Transferable Rights Offering
2020-06-08 12:30 ET
Bain Capital Specialty Finance, Inc. Announces Expiration of Transferable Rights Offering
2020-05-29 12:31 ET
 Bain Capital Specialty Finance, Inc. Prices Offering of $115.0 Million Unsecured Notes Due 2023
2020-05-04 21:34 ET
Bain Capital Specialty Finance, Inc. Declares Second Quarter 2020 Dividend of $0.41 per Share and Announces March 31, 2020 Financial Results
2020-05-04 21:32 ET
Bain Capital Specialty Finance, Inc. Announces Transferable Rights Offering
2020-04-13 20:15 ET
Bain Capital Specialty Finance, Inc. to Release First Quarter 2020 Earnings on Wednesday, May 6
2020-03-30 12:30 ET
Bain Capital Specialty Finance, Inc. Issues Letter to Shareholders
2020-02-26 21:15 ET
Bain Capital Specialty Finance, Inc. Declares First Quarter 2020 Dividend of $0.41 Per Share and Announces December 31, 2019 Financial Results
2020-01-13 21:15 ET
Bain Capital Specialty Finance, Inc. to Release Fourth Quarter and Full Year 2019 Earnings on Wednesday, February 26
2019-11-06 21:15 ET
Bain Capital Specialty Finance, Inc. Declares Fourth Quarter 2019 Dividend of $0.41 per Share and Announces September 30, 2019 Financial Results

SEC forms

Show financial reports only

SEC form 10
2024-02-27 17:04 ET
Bain Capital Specialty Finance published news for 2023 q4
SEC form 8
2024-02-27 17:00 ET
Bain Capital Specialty Finance published news for 2023 q4
SEC form 8
2024-02-27 17:00 ET
Bain Capital Specialty Finance published news for 2023 q4
SEC form 10
2024-02-27 00:00 ET
Bain Capital Specialty Finance published news for 2023 q4
SEC form 8
2024-01-30 00:00 ET
Bain Capital Specialty Finance published news for 2023 q4
SEC form 8
2024-01-30 00:00 ET
Bain Capital Specialty Finance published news for 2023 q4
SEC form 8
2023-11-06 17:33 ET
Bain Capital Specialty Finance published news for 2023 q3
SEC form 10
2023-11-06 16:33 ET
Bain Capital Specialty Finance published news for 2023 q3
SEC form 10
2023-11-06 00:00 ET
Bain Capital Specialty Finance published news for 2023 q3
SEC form 8
2023-10-17 00:00 ET
Bain Capital Specialty Finance published news for 2023 q3
SEC form 6
2023-08-08 17:00 ET
Bain Capital Specialty Finance published news for 2023 q2
SEC form 10
2023-08-08 16:27 ET
Bain Capital Specialty Finance reported for 2023 q2
SEC form 10
2023-08-08 00:00 ET
Bain Capital Specialty Finance reported for 2023 q2
SEC form 8
2023-08-08 00:00 ET
Bain Capital Specialty Finance published news for 2023 q2
SEC form 6
2023-07-12 17:00 ET
Bain Capital Specialty Finance published news for 2023 q2
SEC form 8
2023-07-12 00:00 ET
Bain Capital Specialty Finance published news for 2023 q2
SEC form 10
2023-05-09 00:00 ET
Bain Capital Specialty Finance reported for 2023 q1
SEC form 8
2023-05-09 00:00 ET
Bain Capital Specialty Finance published news for 2023 q1
SEC form 8
2023-04-18 00:00 ET
Bain Capital Specialty Finance published news for 2023 q1
SEC form 10
2023-02-28 00:00 ET
Bain Capital Specialty Finance reported for 2022 q4
SEC form 8
2023-02-28 00:00 ET
Bain Capital Specialty Finance published news for 2022 q4
SEC form 8
2023-02-06 00:00 ET
Bain Capital Specialty Finance published news for 2022 q4
SEC form 10
2022-11-09 00:00 ET
Bain Capital Specialty Finance published news for 2022 q3
SEC form 8
2022-11-09 00:00 ET
Bain Capital Specialty Finance published news for 2022 q3
SEC form 8
2022-10-13 00:00 ET
Bain Capital Specialty Finance published news for 2022 q3
SEC form 10
2022-08-03 00:00 ET
Bain Capital Specialty Finance published news for 2022 q2
SEC form 8
2022-08-03 00:00 ET
Bain Capital Specialty Finance published news for 2022 q2