Using an unlevered Free Cash Flow to Firm (FCFF) model, we project SuRo Capital Corp.'s cash flows over 5 years with line-by-line expense modeling. Revenue is projected revenue growing from -91.6% to 30.0% annually, with expenses (COGS, SG&A, R&D) held at historical ratios. Depreciation is computed from a vintage matrix based on a 5-year useful life. Working capital is modeled using historical turnover days (DSO 248527, DPO 3259, DIO 60). At a 5.0% WACC with mid-year discounting, the terminal value (0% of enterprise value) is derived from the Gordon Growth Model on Year 6 FCFF at a 2.5% perpetual rate. After subtracting net debt, the equity value implies a fair price of $395939.45 per share, suggesting SSSS is undervalued by 2943687.7% at the current price of $13.45.
Adjust parameters to explore scenarios. Changes are for exploration only and do not affect saved valuations.
| 2026 | 2027 | 2028 | 2029 | 2030 | Terminal | |
|---|---|---|---|---|---|---|
| Profit Before Tax | -37,684 | -46,655 | -60,651 | -78,846 | -102,500 | -105,063 |
| (−) Net Interest | 2 | 3 | 4 | 5 | 6 | 6 |
| (+) D&A | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -37,682 | -46,652 | -60,648 | -78,842 | -102,494 | -105,057 |
| (−) Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| (−) CapEx | 0 | 0 | 0 | 0 | 0 | 0 |
| (−) ΔWC | -116,735 | 470 | 734 | 954 | 1,240 | 1,271 |
| Free Cash Flow (FCFF) | 79,053 | -47,122 | -61,381 | -79,795 | -103,734 | -106,327 |
| Terminal Value | -4,253,091 | |||||
| WACC / Discount Rate | 5.0% | |||||
| Long-term Growth Rate | 2.5% | |||||
| Timing of FCF (mid year) | 0.5 | 1.5 | 2.5 | 3.5 | 4.5 | 5 |
| Present Value of FCF | 77,148 | -43,797 | -54,333 | -67,269 | -83,285 | -3,332,408 |
| Enterprise Value | -3,503,944 | |||||
| Projection Period | -171,536 | 0.0% | ||||
| Terminal Value | -3,332,408 | 0.0% | ||||
| (−) Current Net Debt | (14,902,645) | |||||
| Equity Value | 11,398,701 | |||||
| (/) Outstanding Shares | 29 | |||||
| Fair Price | $395939.45 | |||||
| WACC \ Terminal Growth Rate | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 3.0% | $298763 | $192567 | $0 | $447439 | $447439 |
| 4.0% | $390005 | $359648 | $309054 | $207866 | $0 |
| 5.0% | $429012 | $415232 | $395939 | $367001 | $318771 |
| 6.0% | $450612 | $442946 | $433089 | $419947 | $401547 |
| 7.0% | $464303 | $459515 | $453664 | $446349 | $436944 |
Current price: $13.45. Green = undervalued, Red = overvalued.
Using an unlevered Free Cash Flow to Firm (FCFF) model, we project SuRo Capital Corp.'s cash flows over 10 years with analyst estimates for the first 3–5 years, fading toward long-term GDP growth for the remaining years with line-by-line expense modeling. Revenue is projected revenue growing from -91.6% to 22.6% annually, with expenses (COGS, SG&A, R&D) held at historical ratios. Depreciation is computed from a vintage matrix based on a 5-year useful life. Working capital is modeled using historical turnover days (DSO 248527, DPO 3259, DIO 60). At a 5.0% WACC with mid-year discounting, the terminal value (0% of enterprise value) is derived from the Gordon Growth Model on Year 11 FCFF at a 2.5% perpetual rate. After subtracting net debt, the equity value implies a fair price of $166615.83 per share, suggesting SSSS is undervalued by 1238679.4% at the current price of $13.45.
Adjust parameters to explore scenarios. Changes are for exploration only and do not affect saved valuations.
| 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | Terminal | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit Before Tax | -37,684 | -46,655 | -60,651 | -78,846 | -102,500 | -133,250 | -173,226 | -225,193 | -292,751 | -358,956 | -367,930 |
| (−) Net Interest | 2 | 3 | 4 | 5 | 6 | 8 | 10 | 13 | 17 | 21 | 22 |
| (+) D&A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -37,682 | -46,652 | -60,648 | -78,842 | -102,494 | -133,243 | -173,215 | -225,180 | -292,734 | -358,935 | -367,908 |
| (−) Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| (−) CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| (−) ΔWC | -116,735 | 470 | 734 | 954 | 1,240 | 1,612 | 2,095 | 2,724 | 3,541 | 3,470 | 3,556 |
| Free Cash Flow (FCFF) | 79,053 | -47,122 | -61,381 | -79,795 | -103,734 | -134,854 | -175,310 | -227,903 | -296,275 | -362,405 | -371,465 |
| Terminal Value | -14,858,588 | ||||||||||
| WACC / Discount Rate | 5.0% | ||||||||||
| Long-term Growth Rate | 2.5% | ||||||||||
| Timing of FCF (mid year) | 0.5 | 1.5 | 2.5 | 3.5 | 4.5 | 5.5 | 6.5 | 7.5 | 8.5 | 9.5 | 5 |
| Present Value of FCF | 77,148 | -43,797 | -54,333 | -67,269 | -83,285 | -103,115 | -127,667 | -158,063 | -195,697 | -227,979 | -9,121,884 |
| Enterprise Value | -10,105,942 | ||||||||||
| Projection Period | -984,058 | 0.0% | |||||||||
| Terminal Value | -9,121,884 | 0.0% | |||||||||
| (−) Current Net Debt | (14,902,645) | ||||||||||
| Equity Value | 4,796,703 | ||||||||||
| (/) Outstanding Shares | 29 | ||||||||||
| Fair Price | $166615.83 | ||||||||||
| WACC \ Terminal Growth Rate | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 3.0% | $0 | $0 | $0 | $286276 | $286276 |
| 4.0% | $132318 | $45150 | $0 | $0 | $0 |
| 5.0% | $257145 | $219425 | $166616 | $87403 | $0 |
| 6.0% | $325640 | $305626 | $279894 | $245585 | $197552 |
| 7.0% | $368595 | $356670 | $342093 | $323873 | $300448 |
Current price: $13.45. Green = undervalued, Red = overvalued.
Using an unlevered Free Cash Flow to Firm (FCFF) model, we project SuRo Capital Corp.'s cash flows over 5 years with line-by-line expense modeling. Revenue is projected revenue growing from -91.6% to 30.0% annually, with expenses (COGS, SG&A, R&D) held at historical ratios. Depreciation is computed from a vintage matrix based on a 5-year useful life. Working capital is modeled using historical turnover days (DSO 248527, DPO 3259, DIO 60). At a 5.0% WACC with mid-year discounting, the terminal value (0% of enterprise value) is derived by applying the industry peer median EV/EBITDA multiple of 8.0x to Year 6 EBITDA. After subtracting net debt, the equity value implies a fair price of $488765.83 per share, suggesting SSSS is undervalued by 3633846.7% at the current price of $13.45.
Adjust parameters to explore scenarios. Changes are for exploration only and do not affect saved valuations.
| 2026 | 2027 | 2028 | 2029 | 2030 | Terminal | |
|---|---|---|---|---|---|---|
| Profit Before Tax | -37,684 | -46,655 | -60,651 | -78,846 | -102,500 | -105,063 |
| (−) Net Interest | 2 | 3 | 4 | 5 | 6 | 6 |
| (+) D&A | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -37,682 | -46,652 | -60,648 | -78,842 | -102,494 | -105,057 |
| (−) Tax | 0 | 0 | 0 | 0 | 0 | — |
| (−) CapEx | 0 | 0 | 0 | 0 | 0 | — |
| (−) ΔWC | -116,735 | 470 | 734 | 954 | 1,240 | — |
| Free Cash Flow (FCF) | 79,053 | -47,122 | -61,381 | -79,795 | -103,734 | — |
| Peers' EBITDA Multiple | 8.0x | |||||
| Terminal Value | -842,554 | |||||
| WACC / Discount Rate | 5.00% | |||||
| Timing of FCF (mid year) | 0.5 | 1.5 | 2.5 | 3.5 | 4.5 | 5 |
| Present Value of FCF | 77,148 | -43,797 | -54,333 | -67,269 | -83,285 | -660,163 |
| Enterprise Value | -831,699 | |||||
| Projection Period | -171,536 | 0.0% | ||||
| Terminal Value | -660,163 | 0.0% | ||||
| (−) Current Net Debt | (14,902,645) | |||||
| Equity Value | 14,070,946 | |||||
| (÷) Outstanding Shares | 29M | |||||
| Fair Price | $488761 | +3633812.2% | ||||
| WACC \ EV/EBITDA Exit Multiple | 4.0x | 6.0x | 8.0x | 10.0x | 12.0x |
|---|---|---|---|---|---|
| 3.0% | $498507 | $492212 | $485916 | $479620 | $473325 |
| 4.0% | $499378 | $493379 | $487380 | $481382 | $475383 |
| 5.0% | $500203 | $494484 | $488766 | $483047 | $477329 |
| 6.0% | $500985 | $495531 | $490077 | $484623 | $479170 |
| 7.0% | $501726 | $496523 | $491319 | $486115 | $480912 |
Current price: $13.45. Green = undervalued, Red = overvalued.
Based on default parameters
Using an unlevered Free Cash Flow to Firm (FCFF) model, we project SuRo Capital Corp.'s cash flows over 10 years with analyst estimates for the first 3–5 years, fading toward long-term GDP growth for the remaining years with line-by-line expense modeling. Revenue is projected revenue growing from -91.6% to 22.6% annually, with expenses (COGS, SG&A, R&D) held at historical ratios. Depreciation is computed from a vintage matrix based on a 5-year useful life. Working capital is modeled using historical turnover days (DSO 248527, DPO 3259, DIO 60). At a 5.0% WACC with mid-year discounting, the terminal value (0% of enterprise value) is derived by applying the industry peer median EV/EBITDA multiple of 8.0x to Year 11 EBITDA. After subtracting net debt, the equity value implies a fair price of $420560.84 per share, suggesting SSSS is undervalued by 3126746.4% at the current price of $13.45.
Adjust parameters to explore scenarios. Changes are for exploration only and do not affect saved valuations.
| 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | Terminal | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit Before Tax | -37,684 | -46,655 | -60,651 | -78,846 | -102,500 | -133,250 | -173,226 | -225,193 | -292,751 | -358,956 | -367,930 |
| (−) Net Interest | 2 | 3 | 4 | 5 | 6 | 8 | 10 | 13 | 17 | 21 | 22 |
| (+) D&A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -37,682 | -46,652 | -60,648 | -78,842 | -102,494 | -133,243 | -173,215 | -225,180 | -292,734 | -358,935 | -367,908 |
| (−) Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| (−) CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| (−) ΔWC | -116,735 | 470 | 734 | 954 | 1,240 | 1,612 | 2,095 | 2,724 | 3,541 | 3,470 | — |
| Free Cash Flow (FCF) | 79,053 | -47,122 | -61,381 | -79,795 | -103,734 | -134,854 | -175,310 | -227,903 | -296,275 | -362,405 | — |
| Peers' EBITDA Multiple | 8.0x | ||||||||||
| Terminal Value | -2,950,625 | ||||||||||
| WACC / Discount Rate | 5.00% | ||||||||||
| Timing of FCF (mid year) | 0.5 | 1.5 | 2.5 | 3.5 | 4.5 | 5.5 | 6.5 | 7.5 | 8.5 | 9.5 | 5 |
| Present Value of FCF | 77,148 | -43,797 | -54,333 | -67,269 | -83,285 | -103,115 | -127,667 | -158,063 | -195,697 | -227,979 | -1,811,427 |
| Enterprise Value | -2,795,485 | ||||||||||
| Projection Period | -984,058 | 0.0% | |||||||||
| Terminal Value | -1,811,427 | 0.0% | |||||||||
| (−) Current Net Debt | (14,902,645) | ||||||||||
| Equity Value | 12,107,160 | ||||||||||
| (÷) Outstanding Shares | 29M | ||||||||||
| Fair Price | $420548 | +3126651.8% | |||||||||
| WACC \ EV/EBITDA Exit Multiple | 4.0x | 6.0x | 8.0x | 10.0x | 12.0x |
|---|---|---|---|---|---|
| 3.0% | $440085 | $421067 | $402049 | $383031 | $364012 |
| 4.0% | $446299 | $429032 | $411765 | $394499 | $377232 |
| 5.0% | $451943 | $436252 | $420561 | $404870 | $389179 |
| 6.0% | $457076 | $442804 | $428532 | $414260 | $399988 |
| 7.0% | $461749 | $448756 | $435763 | $422770 | $409778 |
Current price: $13.45. Green = undervalued, Red = overvalued.
Based on default parameters
Using the industry peer median P/E Multiples multiple (trailing + forward), SuRo Capital Corp. (SSSS) has a fair value of $10.25 based on 3 comparable companies in the Asset Management industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| SuRo Capital Corp.SSSS | 387 | 7.6x | — |
| NewtekOne, Inc. | 411 | 6.0x | 7.4x |
| TriplePoint Venture Growth BDC Corp. | 242 | 4.9x | 4.1x |
| Chicago Atlantic BDC, Inc. | 206 | 6.2x | 11.9x |
| Industry Median | 6.0x | 7.4x | |
| (*) Profit after tax | 49 | ||
| Equity Value | 295 | ||
| (/) Outstanding shares | 29 | ||
| Fair Price | $10 | ||
Using the industry peer median EV/EBITDA multiple (trailing + forward), SuRo Capital Corp. (SSSS) has a fair value of $517,659.69 based on 2 comparable companies in the Asset Management industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/EBITDA | Forward EV/EBITDA | |
|---|---|---|---|
| SuRo Capital Corp.SSSS | 387 | -277480.5x | -1418285.5x |
| NewtekOne, Inc. | 411 | 6.9x | 8.8x |
| TriplePoint Venture Growth BDC Corp. | 242 | 9.1x | 8.1x |
| Industry Median | 8.0x | 8.5x | |
| (*) EBITDA | 54 | 11 | |
| = Enterprise Value | 431 | 89 | |
| (-) Net Debt | -14,902,645 | -14,902,645 | |
| Equity Value | 14,903,076 | 14,902,734 | |
| (/) Outstanding shares | 29 | 29 | |
| Fair Price | $517666 | $517654 | |
Using the industry peer median EV/Revenue multiple (trailing + forward), SuRo Capital Corp. (SSSS) has a fair value of $517,659.98 based on 5 comparable companies in the Asset Management industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| SuRo Capital Corp.SSSS | 387 | -427137.8x | -2183228.6x |
| NewtekOne, Inc. | 411 | 2.9x | 3.8x |
| TriplePoint Venture Growth BDC Corp. | 242 | 7.1x | 6.3x |
| Horizon Technology Finance Corporation | 200 | 14.2x | 6.0x |
| Waton Financial Limited Ordinary Shares | 184 | 23.8x | — |
| TON Strategy Co. | 184 | 197.3x | 17.0x |
| Industry Median | 14.2x | 6.2x | |
| (*) Revenue | 35 | 7 | |
| = Enterprise Value | 495 | 41 | |
| (-) Net Debt | -14,902,645 | -14,902,645 | |
| Equity Value | 14,903,140 | 14,902,686 | |
| (/) Outstanding shares | 29 | 29 | |
| Fair Price | $517668 | $517652 | |
Using the PEG framework with historical EPS growth of 8.0% plus 3.5% dividend yield, the company has a fair value of $14.24 based on TTM EPS (FY2025) of $1.78.
| EPS Growth RateHistorical | -24.6% |
| Dividend Yield | +3.5% |
| Adjusted Growth (clamped 8–25%)Clamped | 8.0% |
| Fair P/E | 8.0x |
| TTM EPS (FY2025) | $1.78 |
| Fair Value | $14.24 |
No analyst estimates available.
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $147.1M | $5.52 | — |
| FY2022 | $-132.2M | $-4.40 | -179.7% |
| FY2023 | $5.1M | $0.19 | — |
| FY2024 | $-38.1M | $-1.60 | -942.1% |
| FY2025 | $48.8M | $1.78 | — |
4Y Historical EPS CAGR: -24.6%
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.