ORCC - Ares Capital's NAV Dividend And Valuation Vs. 14 BDC Peers (Post Q2 2020 Earnings - Very Attractive Valuation)

• Part 1 of this article compares ARCC’s recent quarterly change in NAV, quarterly and trailing twelve-month economic return, NII, and current valuation to fourteen BDC peers.
• Part 1 also performs a comparative analysis between each company’s investment portfolio as of 3/31/2020 and 6/30/2020. This includes an updated percentage of investments on non-accrual status.
• Other metrics analyzed include each company’s cumulative realized gain (loss) per share, NII per share, price to annualized NII ratio, and percentage of income attributable to capitalized PIK income.
• By providing these comparable sector metrics, this article sheds light on some useful quantitative data when assessing each company’s past, current, and likely future performance.
• I also provide a list of the BDC stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), and appropriately valued (a hold recommendation).

For further details see: