Blue Owl: Take Out The Lumpy Deal Fees, And It Still Trades Below Intrinsic Value
Blue Owl Capital reported Q3 fee-related earnings growth of 14% year over year, though some growth came from non-recurring deal fees and core growth remained in the low single digits, with its Credit platform flat. The article says OWL trades at 11.7x DE and an 8.8% yield, and estimates intrinsic value at $12–$14 per share.
Why it matters — OWL watchers may weigh the reported earnings growth against the limited underlying growth and the article’s valuation comparison.