NASDAQ$CSWC

Capital Southwest Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Capital Southwest reported pre-tax net investment income and announced total dividends for Q4 2020.

Capital Southwest Corporation announced its financial results for the fourth fiscal quarter and fiscal year ended March 31, 2020. The company reported pre-tax net investment income of $0.40 per share and declared total dividends of $0.51 per share for the quarter ended September 30, 2020.

  • Total Investment Portfolio: $553.1 million
  • Pre-Tax Net Investment Income: $7.4 million, or $0.40 per weighted average diluted share
  • Dividends: Paid $0.41 per share in a Regular Dividend, plus $0.10 per share in a Supplemental Dividend
  • Net Realized and Unrealized Portfolio Depreciation: $31.9 million

Headline financials

Total Revenue

$15M

Previous: $14.3M+5.1%
EPS (adj)

$0.37

Previous: $0.40-7.5%
Weighted avg yield on debt

10.5%

No prior period
Cash & Equivalents

$13.7M

No prior period
Total Assets

$585M

No prior period

Revenue & EPS history

Capital Southwest · Revenue · Quarterly

$15M

Q4 2020+5.1%vs Q4 2019
Beat estimate in 8 of 12 quarters(67%)
ActualEstimate

Revenue by segment

Capital Southwest · $18.3M total across 2 segments · Q1 2023

  • Non-control/Non-affiliate Investments
    $15.7M
  • Affiliate Investments
    $2.51M

Forward guidance

Capital Southwest believes that its conservative underwriting and proactive strategic planning prior to the pandemic have prepared them to weather the impacts from COVID-19 and thrive in the long term.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+0.7%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+1.6%

Avg return

30 days after

62%

26 / 42 earnings

Positive

+9.7%

Q2 2021

Best reaction

-13.0%

Q1 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+2.4%-1.5%+0.3%
Q3 2026+0.5%+0.2%-3.0%
Q2 2026-2.3%+1.7%+7.0%
Q4 2025-0.2%+2.5%-1.4%
Q3 2025+2.2%+3.1%+0.8%
Q2 2025-4.5%-6.4%-8.9%
Q1 2025-0.7%-2.5%+2.5%
Q4 2024-1.3%-2.0%-2.3%
Q3 2024+2.7%-2.0%-4.8%
Q2 2024+4.0%+3.8%+7.2%
Q1 2024+4.3%+2.0%+1.3%
Q4 2023+1.1%+1.6%+6.1%
Q3 2023+3.6%+2.6%-2.4%
Q2 2023+3.5%+3.5%-2.7%
Q1 2023+0.6%+1.4%-2.4%
Q4 2022+3.2%+5.5%-15.0%
Q3 2022+7.6%+6.3%+0.5%
Q2 2022-8.1%-2.6%-6.0%
Q1 2022+6.9%+5.9%+8.9%
Q4 2021+3.0%+5.2%-2.5%
Q3 2021+3.5%+8.5%+22.0%
Q2 2021+9.7%+17.9%+33.8%
Q1 2021+5.7%+9.5%+10.3%
Q4 2020+3.6%+9.2%-3.1%
Q3 2020-1.1%-2.0%-9.8%
Q2 2020-4.2%-5.0%-0.3%
Q1 2020+0.5%+4.0%+1.7%
Q4 2019-0.2%+0.4%-3.1%
Q3 2019+1.6%+0.5%+0.9%
Q1 2019+0.3%+1.8%+5.4%
Q4 2018+0.0%+10.9%+8.1%
Q3 2018+0.1%+0.7%+7.5%
Q1 2017+0.9%-0.3%+0.2%
Q4 2017+1.7%+2.3%+1.4%
Q3 2016-0.7%-2.5%-1.1%
Q3 2013
Q2 2013+2.9%
Q1 2013
Q4 2012+0.6%
Q3 2012-0.2%
Q2 2012-3.0%
Q1 2012-13.0%
Q4 2011-1.0%
Q4 2010-5.5%

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