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Upturn AI SWOT - About
FSK 
FS KKR Capital Corp (FSK)
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Upturn Advisory Summary
10/10/2025: FSK (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
10 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $18.35
1 Year Target Price $18.35
| 1 | Strong Buy |
| 0 | Buy |
| 8 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 17.24% | Avg. Invested days 63 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/10/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.97B USD | Price to earnings Ratio 18.15 | 1Y Target Price 18.35 |
Price to earnings Ratio 18.15 | 1Y Target Price 18.35 | ||
Volume (30-day avg) 10 | Beta 0.98 | 52 Weeks Range 14.05 - 21.74 | Updated Date 10/12/2025 |
52 Weeks Range 14.05 - 21.74 | Updated Date 10/12/2025 | ||
Dividends yield (FY) 17.81% | Basic EPS (TTM) 0.78 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
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 18.15 | Forward PE 7.02 | Enterprise Value 11631740928 | Price to Sales(TTM) 2.41 |
Enterprise Value 11631740928 | Price to Sales(TTM) 2.41 | ||
Enterprise Value to Revenue 39.13 | Enterprise Value to EBITDA - | Shares Outstanding 280066433 | Shares Floating - |
Shares Outstanding 280066433 | Shares Floating - | ||
Percent Insiders 0.18 | Percent Institutions 31.55 |
Upturn AI SWOT
FS KKR Capital Corp
Company Overview
History and Background
FS KKR Capital Corp. (FSK) was formed in 2007 and is a business development company (BDC) focused on providing debt financing to middle-market companies. It was co-founded by Franklin Square Capital Partners (now FS Investments) and KKR Credit Advisors. It has grown through acquisitions and strategic investments, becoming a major player in the BDC space.
Core Business Areas
- Direct Lending: Provides senior secured loans, junior secured loans, and mezzanine debt to private middle-market companies, generating income through interest payments.
- Strategic Investments: Makes investments in other debt instruments and equity securities to enhance overall portfolio returns.
Leadership and Structure
Michael J. Forman serves as Chairman and Daniel Pietrzak serves as CEO. The company operates as an externally managed BDC, with investment advisory services provided by FS/KKR Advisor, LLC.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: Provides first lien loans, typically secured by company assets, that offer a lower risk profile. FSK competes with other BDCs like Ares Capital (ARCC), Golub Capital BDC (GBDC), and Owl Rock Capital Corporation (ORCC). Market share is difficult to quantify precisely but FSK is a significant player. No market share data available. Revenue from senior secured loans is the primary source of income for FSK. Competitors include Ares Capital (ARCC), Golub Capital BDC (GBDC), and Owl Rock Capital Corporation (ORCC).
- Subordinated Debt and Equity: Offers higher-yielding, riskier investments in the form of second lien loans, mezzanine debt, and equity stakes. Competitors include Ares Capital (ARCC), Golub Capital BDC (GBDC), and Owl Rock Capital Corporation (ORCC). Market share is difficult to quantify precisely but FSK is a significant player. No market share data available. Competitors include Ares Capital (ARCC), Golub Capital BDC (GBDC), and Owl Rock Capital Corporation (ORCC).
Market Dynamics
Industry Overview
The BDC industry is characterized by providing financing to small and middle-market companies that may not have access to traditional capital markets. It's influenced by interest rate movements, economic conditions, and regulatory changes.
Positioning
FSK is a large BDC with a diversified portfolio of investments. It leverages the expertise of both FS Investments and KKR to source and manage investments. Its competitive advantage lies in its scale and access to deal flow through its affiliations.
Total Addressable Market (TAM)
The TAM for direct lending to middle-market companies is estimated to be in the hundreds of billions of dollars. FSK captures a portion of this TAM by targeting companies with EBITDA between $10 million and $75 million. FSK is positioned well within this TAM, holding significant investments across diverse companies.
Upturn SWOT Analysis
Strengths
- Large asset base
- Experienced management team (FS Investments and KKR)
- Diversified investment portfolio
- Established track record in BDC industry
Weaknesses
- External management structure (potential conflicts of interest)
- Exposure to credit risk in middle-market lending
- Sensitivity to interest rate fluctuations
- Leverage can amplify both gains and losses
Opportunities
- Growing demand for alternative financing from middle-market companies
- Expansion of investment strategies into new sectors
- Strategic acquisitions to increase scale
- Favorable regulatory changes
Threats
- Economic downturn could lead to increased defaults
- Increased competition among BDCs
- Rising interest rates could increase borrowing costs
- Regulatory changes could impact BDC operations
Competitors and Market Share
Key Competitors
- ARCC
- GBDC
- ORCC
- TPVG
Competitive Landscape
FSK faces intense competition in the BDC sector. Its scale and KKR affiliation provide an advantage, but it must manage credit risk effectively and maintain attractive dividend yields to compete with peers.
Growth Trajectory and Initiatives
Historical Growth: FSK has grown its asset base through both organic growth and acquisitions. Past performance doesn't guarantee future results.
Future Projections: Analyst estimates vary but generally project continued growth in assets and earnings, driven by demand for middle-market lending.
Recent Initiatives: Recent initiatives include strategic portfolio management and diversification, and managing the impacts of interest rate changes.
Summary
FS KKR Capital Corp. is a major player in the BDC sector, leveraging a large asset base and experienced management. It faces challenges related to credit risk and competition. Effective portfolio management and access to deal flow from its affiliations are key to its success, but economic downturns could significantly impact its performance. FSK must also navigate the complexities of its external management structure.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Investor presentations
- Analyst reports
- Industry publications
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual due diligence and consultation with a financial advisor. Market share data are estimates and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 - | Website https://www.fskkradvisor.com |
Full time employees - | Website https://www.fskkradvisor.com | ||
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.
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