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Upturn AI Summary - About
Carlyle Secured Lending Inc(CGBD)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CGBD
10/23/2026: CGBD (1-star) is currently NOT-A-BUY. Pass it for now.
Carlyle Secured Lending Inc (CGBD) is a business development company managed by The Carlyle Group that specializes in providing first-lien senior secured loans to U.S. middle-market companies. The company’s strength lies in its institutional sourcing capabilities and a disciplined focus on capital preservation within the private credit market. The primary investment story centers on capturing reliable income from high-quality, floating-rate debt investments. Investors face key risks including portfolio credit quality, interest rate sensitivity, and competition in the private lending sector. CGBD may suit income-oriented investors, and developments in middle-market default rates and interest rate trends should be monitored closely.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The company is structured for income generation rather than high capital appreciation. |
| Momentum investor | Mixed fit | Momentum is typically low for stable, income-focused BDCs unless market conditions shift significantly. |
| Value investor | Mixed fit | Value investors may look at NAV discounts, but BDC valuation depends heavily on credit quality. |
| Dividend investor | Strong fit | The company is specifically designed to provide regular income distributions to shareholders. |
| Low-risk investor | Mixed fit | While secured, credit risk in middle-market lending can lead to share price volatility during economic stress. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | BDC share prices often react sharply to broader market and interest rate sentiment. |
| Valuation risk | Medium | NAV accuracy depends on the fair-value assessment of non-traded private loans. |
| Competition risk | Medium / high | Increased competition in private credit can compress yields on new loans. |
| Business quality | Medium | The business is dependent on the credit performance of middle-market borrowers. |
| Dividend income | Medium | Dividends depend on net investment income, which can fluctuate with interest rates and defaults. |
| Execution risk | Medium | Effective management of the loan portfolio and debt leverage is essential for sustained performance. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit -13.04% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 703.18M USD | Price to earnings Ratio 20.44 | 1Y Target Price 12.21 |
Price to earnings Ratio 20.44 | 1Y Target Price 12.21 | ||
Volume (30-day avg) 452.6K shares | Beta 0.72 | 52 Weeks Range 9.59 - 11.74 | Updated Date 10/24/2026 |
52 Weeks Range 9.59 - 11.74 | Updated Date 10/24/2026 | ||
Dividends yield (FY) 15.08% | Basic EPS (TTM) 0.5 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Investment Income | Interest and fees generated from the senior secured loan portfolio. | The company earns money by lending capital to companies and collecting interest payments. |
| Capital Appreciation | Gains from the exit of investments or appreciation in equity positions. | Sometimes the company gains value when the companies it invests in grow or are sold. |
Valuation
Trailing PE 20.44 | Forward PE 7.89 | Enterprise Value 1.98B | Price to Sales(TTM) 2.71 |
Enterprise Value 1.98B | Price to Sales(TTM) 2.71 | ||
Enterprise Value to Revenue 28.02 | Enterprise Value to EBITDA 22.63 | Shares Outstanding 68.80M | Shares Floating - |
Shares Outstanding 68.80M | Shares Floating - | ||
Percent Insiders 0.36 | Percent Institutions 40.79 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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