FS KKR Capital Corp. Common Stock (FSK)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach FSK as a Graham-style asset play: at $10.70 on 2026-10-13, FairStock calculates a price-to-book ratio of 0.58, so the market values the company at only 58 cents per dollar of book value. The Lynch category supplied is ASSET PLAY on that same reason. But cheapness alone is not enough. Filed figures show why: fiscal Q2 2026, the quarter ended 2026-06-30, had net income of -$34.0M and diluted EPS of -$0.13; fiscal Q1 2026, ended 2026-03-31, had a much larger net loss of -$441.0M and diluted EPS of -$1.57. The prior year was mixed: fiscal Q4 2025 lost $114.0M, while fiscal Q3 2025 earned $214.0M. Full fiscal 2025 net income was only $11.0M, or $0.04 per diluted share, down sharply from $585.0M, or $2.09, in FY2024 and $696.0M, or $2.48, in FY2023. The supplied FairStock metrics show a negative P/E of -7.99, ROE of -6.57%, ROCE of 4.59%, and D/E of 1.23. The Altman Z-Score is -0.22, not comforting. Piotroski is 6/9, middling. The dividend yield of 18.07% and FCF yield of 65% look enormous, but with reported losses, sustainability is questionable. A BDC lending to middle-market firms can be a good business in stable credit conditions, but it has no wide moat. I would demand a larger margin of safety and evidence that book value is real before calling it a bargain.

In plain English: FS KKR Capital lends money to private U.S. companies, mostly through secured loans. Its recent filed results are weak: it lost money in the latest quarter and had a large loss earlier in 2026, after only a small profit in fiscal 2025. At $10.70 on 2026-10-13, the stock looks cheap compared with the company's accounting value, but the losses and high payout make it look risky rather than clearly strong.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer