OFS Capital Corporation (OFS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-674.6%

-$20.69

vs $3.60 price

Levered DCF

-$17.91

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-0.57

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-1.93×	3.81×	-337.18×	-17.5×	2.57×	25.54×	15.73×	14.72×
P/B	0.52×	0.63×	0.97×	0.75×	0.72×	0.6×	0.9×	0.81×
P/S	-5.4×	2.18×	6.46×	10.73×	1.71×	3.29×	4.99×	6.08×
EV / EBITDA	-8.82×	12.23×	-7,213.01×	-63.12×	7.85×	94.17×	50.09×	36.67×
Gross margin	239.8%	66.4%	19.7%	-34.1%	79.6%	35.5%	47.1%	60.3%
Operating margin	280.2%	57.4%	-1.9%	-59.8%	66.3%	12.7%	31.9%	41.1%
Net margin	280.2%	57.4%	-1.9%	-59.8%	66.3%	12.7%	31.9%	41.1%
Current ratio	0.74×	2.1×	3.02×	2.21×	3.24×	2.57×	0.99×	2.28×
Debt / equity	1.77×	1.43×	1.85×	1.84×	1.69×	1.95×	2.12×	1.46×
Interest coverage	-2×	1.71×	-0.02×	-0.45×	3.25×	0.2×	0.6×	1.04×
Dividend yield	25.0%	16.9%	11.5%	11.3%	8.3%	11.9%	12.0%	16.2%
Payout ratio	-48.2%	64.1%	-3861.1%	-202.8%	21.2%	307.7%	187.9%	239.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-26.9%	16.5%	-0.3%	-4.2%	27.9%	2.3%	5.7%	5.5%
Return on invested capital	-9.7%	6.8%	-0.1%	-1.5%	10.3%	0.8%	1.8%	2.2%
Return on assets	-9.5%	6.6%	-0.1%	-1.5%	10.0%	0.8%	1.8%	2.2%
Free cash flow yield	68.4%	30.5%	13.6%	2.2%	-8.2%	84.2%	-68.1%	-71.4%
Earnings yield	-51.9%	26.3%	-0.3%	-5.6%	38.9%	3.9%	6.4%	6.8%
Enterprise value	$278.1M	$348.7M	$411.1M	$453M	$448M	$367.2M	$488.3M	$358.1M
Net debt / EBITDA	-6.8×	8.44×	-4,462.88×	-44.14×	5.29×	69.61×	34.78×	22.18×
Cash conversion cycle (days)	-72	42	-36	-21	-113	-147	-196	-231