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FSK logo FSK
Upturn stock ratingUpturn stock rating
FSK logo

FS KKR Capital Corp (FSK)

Upturn stock ratingUpturn stock rating
$17.99
Last Close (24-hour delay)
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PASS
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Upturn Advisory Summary

08/28/2025: FSK (2-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

10 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $18.65

1 Year Target Price $18.65

Analysts Price Target For last 52 week
$18.65 Target price
52w Low $16.84
Current$17.99
52w High $22.68

Analysis of Past Performance

Type Stock
Historic Profit 28.12%
Avg. Invested days 72
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 5.05B USD
Price to earnings Ratio 23.1
1Y Target Price 18.65
Price to earnings Ratio 23.1
1Y Target Price 18.65
Volume (30-day avg) 10
Beta 0.99
52 Weeks Range 16.84 - 22.68
Updated Date 08/27/2025
52 Weeks Range 16.84 - 22.68
Updated Date 08/27/2025
Dividends yield (FY) 14.28%
Basic EPS (TTM) 0.78

Earnings Date

Report Date 2025-08-06
When -
Estimate 0.63
Actual 0.6

Profitability

Profit Margin 13.24%
Operating Margin (TTM) 74.87%

Management Effectiveness

Return on Assets (TTM) 5.22%
Return on Equity (TTM) 3.39%

Valuation

Trailing PE 23.1
Forward PE 7.63
Enterprise Value 12712797184
Price to Sales(TTM) 3.07
Enterprise Value 12712797184
Price to Sales(TTM) 3.07
Enterprise Value to Revenue 41.55
Enterprise Value to EBITDA -
Shares Outstanding 280065984
Shares Floating -
Shares Outstanding 280065984
Shares Floating -
Percent Insiders 0.18
Percent Institutions 31.53

ai summary icon Upturn AI SWOT

FS KKR Capital Corp

stock logo

Company Overview

overview logo History and Background

FS KKR Capital Corp. (formerly FS Investment Corporation) was founded in 2007 and is a business development company (BDC). It provides financing to private middle market companies. It merged with FS Investment Corporation II, III, and IV between 2018 and 2021.

business area logo Core Business Areas

  • Direct Lending: Providing senior secured loans, mezzanine debt, and other types of financing to private middle-market companies. This is their primary business focus.
  • Equity Investments: Making equity and equity-related investments in portfolio companies, often in conjunction with debt financing.
  • Investment Management: Externally managed by FS/KKR Advisor, LLC, a joint venture between FS Investments and KKR & Co. Inc.

leadership logo Leadership and Structure

Michael J. Forman is the Chairman and Co-Chief Executive Officer. Daniel Pietrzak is the Co-Chief Executive Officer and Chief Investment Officer. The company is externally managed by FS/KKR Advisor, LLC.

Top Products and Market Share

overview logo Key Offerings

  • Senior Secured Loans: Directly originating and investing in senior secured loans. BDCs compete in this market. Market share data is difficult to directly attribute to this product. Competitors include Ares Capital (ARCC), and Golub Capital BDC (GBDC).
  • Mezzanine Debt: Offering mezzanine debt, which is subordinated to senior debt. BDCs compete in this market. Market share data is difficult to directly attribute to this product. Competitors include Ares Capital (ARCC), and Golub Capital BDC (GBDC).
  • Equity Co-Investments: Participating in equity co-investments alongside private equity sponsors. BDCs compete in this market. Market share data is difficult to directly attribute to this product. Competitors include Ares Capital (ARCC), and Golub Capital BDC (GBDC).

Market Dynamics

industry overview logo Industry Overview

The BDC industry provides capital to middle-market companies that may not have access to traditional sources of financing. This is a competitive market with fluctuating interest rates impacting profitability.

Positioning

FS KKR Capital Corp. is a major player in the BDC industry, leveraging its relationship with KKR to source and manage investments. It focuses on direct lending, offering flexibility in deal structures and benefitting from KKR's industry expertise.

Total Addressable Market (TAM)

The TAM for private credit is estimated to be in the trillions of dollars. FSK leverages its scale and KKR partnership to capture a portion of this large market.

Upturn SWOT Analysis

Strengths

  • Relationship with KKR
  • Experienced management team
  • Scale and access to capital
  • Diversified investment portfolio

Weaknesses

  • External management structure (potential conflicts of interest)
  • Reliance on KKR for deal sourcing
  • Sensitivity to interest rate changes
  • Credit risk associated with lending to middle-market companies

Opportunities

  • Growing demand for private credit
  • Expansion into new investment strategies
  • Increased regulatory scrutiny of traditional banks
  • Consolidation within the BDC industry

Threats

  • Economic downturn
  • Increased competition from other BDCs and private credit funds
  • Rising interest rates
  • Regulatory changes

Competitors and Market Share

competitor logo Key Competitors

  • ARCC
  • GBDC
  • BXSL
  • TPVG
  • OCSL

Competitive Landscape

FS KKR Capital Corp. benefits from its affiliation with KKR, but faces competition from other large BDCs. It needs to maintain its investment discipline and manage its capital structure effectively.

Major Acquisitions

FS Investment Corporation II, FS Investment Corporation III, FS Investment Corporation IV

  • Year: 2018
  • Acquisition Price (USD millions):
  • Strategic Rationale: Increased scale, diversification, and operating efficiencies.

Growth Trajectory and Initiatives

Historical Growth: FS KKR Capital Corp's growth has been driven by increased investment activity and acquisitions.

Future Projections: Future growth depends on the economic environment, interest rate conditions, and the company's ability to source attractive investment opportunities.

Recent Initiatives: Recent initiatives may include new investment strategies, portfolio optimization, and strategic partnerships.

Summary

FS KKR Capital Corp is a major BDC player leveraging the KKR brand. It has a diversified portfolio providing consistent dividend income. The company faces risks of interest rate volatility and economic downturn. However, their relationship with KKR offers potential for growth. The externally managed structure creates the need for vigilance on governance.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings, Investor Presentations, Financial News Outlets (e.g., Bloomberg, Reuters)

Disclaimers:

The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market share percentages are estimates and may vary.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About FS KKR Capital Corp

Exchange NYSE
Headquaters Philadelphia, PA, United States
IPO Launch date 2014-04-16
Chairman & CEO Mr. Michael Craig Forman J.D.
Sector Financial Services
Industry Asset Management
Full time employees -
Full time employees -

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S. companies. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans. In connection with the debt investments, the firm also receives equity interests such as warrants or options as additional consideration. It also seek to purchase minority interests in the form of common or preferred equity in our target companies, either in conjunction with one of the debt investments or through a co-investment with a financial sponsor. Additionally, on an opportunistic basis, the fund may also invest in corporate bonds and similar debt securities. The fund does not seek to invest in start-up companies, turnaround situations, or companies with speculative business plans. It seeks to invest in small and middle-market companies based in United States. The fund seeks to invest in firms with annual revenue between $10 million to $2.5 billion. It focus on providing customized one-stop credit solutions to private upper middle market companies with annual EBITDA of $50 million to $100 million at the time of investment. It seeks to exit from securities by selling them in a privately negotiated over- the- counter market. For any investments that are not able to be sold within the secondary market, the firm seeks to exit such investments through repayment, an initial public offering of equity securities, merger, sale or recapitalization.