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GLADSTONE INVESTMENT CORP (GAIN) Stock Fundamental Analysis

NASDAQ:GAIN - Nasdaq - US3765461070 - Common Stock - Currency: USD

13.6  -0.29 (-2.09%)

Fundamental Rating

2

Overall GAIN gets a fundamental rating of 2 out of 10. We evaluated GAIN against 227 industry peers in the Capital Markets industry. There are concerns on the financial health of GAIN while its profitability can be described as average. GAIN does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year GAIN was profitable.
GAIN had a negative operating cash flow in the past year.
GAIN had positive earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: GAIN reported negative operating cash flow in multiple years.
GAIN Yearly Net Income VS EBIT VS OCF VS FCFGAIN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M

1.2 Ratios

The Return On Assets of GAIN (6.44%) is better than 77.53% of its industry peers.
The Return On Equity of GAIN (14.29%) is better than 73.57% of its industry peers.
GAIN's Return On Invested Capital of 4.10% is in line compared to the rest of the industry. GAIN outperforms 54.19% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GAIN is below the industry average of 7.09%.
Industry RankSector Rank
ROA 6.44%
ROE 14.29%
ROIC 4.1%
ROA(3y)9.18%
ROA(5y)6.58%
ROE(3y)16.11%
ROE(5y)11.5%
ROIC(3y)4.35%
ROIC(5y)5.63%
GAIN Yearly ROA, ROE, ROICGAIN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15 20

1.3 Margins

Looking at the Profit Margin, with a value of 59.64%, GAIN belongs to the top of the industry, outperforming 94.27% of the companies in the same industry.
GAIN's Profit Margin has improved in the last couple of years.
The Operating Margin of GAIN (45.86%) is better than 81.50% of its industry peers.
GAIN's Operating Margin has declined in the last couple of years.
The Gross Margin of GAIN (40.85%) is worse than 61.23% of its industry peers.
In the last couple of years the Gross Margin of GAIN has declined.
Industry RankSector Rank
OM 45.86%
PM (TTM) 59.64%
GM 40.85%
OM growth 3Y0.9%
OM growth 5Y-5.7%
PM growth 3Y5.1%
PM growth 5Y2.66%
GM growth 3Y-9.39%
GM growth 5Y-11.13%
GAIN Yearly Profit, Operating, Gross MarginsGAIN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80 100

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0

2. Health

2.1 Basic Checks

GAIN has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, GAIN has more shares outstanding
GAIN has a worse debt/assets ratio than last year.
GAIN Yearly Shares OutstandingGAIN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
GAIN Yearly Total Debt VS Total AssetsGAIN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

GAIN has an Altman-Z score of 0.73. This is a bad value and indicates that GAIN is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.73, GAIN perfoms like the industry average, outperforming 43.61% of the companies in the same industry.
GAIN has a Debt/Equity ratio of 1.12. This is a high value indicating a heavy dependency on external financing.
GAIN's Debt to Equity ratio of 1.12 is in line compared to the rest of the industry. GAIN outperforms 47.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.12
Debt/FCF N/A
Altman-Z 0.73
ROIC/WACCN/A
WACCN/A
GAIN Yearly LT Debt VS Equity VS FCFGAIN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

2.3 Liquidity

GAIN has a Current Ratio of 0.24. This is a bad value and indicates that GAIN is not financially healthy enough and could expect problems in meeting its short term obligations.
GAIN's Current ratio of 0.24 is on the low side compared to the rest of the industry. GAIN is outperformed by 83.26% of its industry peers.
A Quick Ratio of 0.24 indicates that GAIN may have some problems paying its short term obligations.
GAIN has a worse Quick ratio (0.24) than 83.26% of its industry peers.
Industry RankSector Rank
Current Ratio 0.24
Quick Ratio 0.24
GAIN Yearly Current Assets VS Current LiabilitesGAIN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

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3

3. Growth

3.1 Past

The earnings per share for GAIN have decreased by -5.94% in the last year.
GAIN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 33.90% yearly.
The Revenue has decreased by -8.68% in the past year.
The Revenue has been decreasing by -1.72% on average over the past years.
EPS 1Y (TTM)-5.94%
EPS 3Y22.39%
EPS 5Y33.9%
EPS Q2Q%-11.54%
Revenue 1Y (TTM)-8.68%
Revenue growth 3Y20.02%
Revenue growth 5Y-1.72%
Sales Q2Q%7.31%

3.2 Future

Based on estimates for the next years, GAIN will show a decrease in Earnings Per Share. The EPS will decrease by -1.59% on average per year.
Based on estimates for the next years, GAIN will show a small growth in Revenue. The Revenue will grow by 5.00% on average per year.
EPS Next Y-2.81%
EPS Next 2Y-2.43%
EPS Next 3Y-1.59%
EPS Next 5YN/A
Revenue Next Year4.77%
Revenue Next 2Y7.47%
Revenue Next 3Y5%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
GAIN Yearly Revenue VS EstimatesGAIN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
GAIN Yearly EPS VS EstimatesGAIN Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6 0.8 1

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2

4. Valuation

4.1 Price/Earnings Ratio

GAIN is valuated correctly with a Price/Earnings ratio of 14.32.
GAIN's Price/Earnings is on the same level as the industry average.
GAIN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.29.
With a Price/Forward Earnings ratio of 14.43, GAIN is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GAIN is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 21.32. GAIN is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 14.32
Fwd PE 14.43
GAIN Price Earnings VS Forward Price EarningsGAIN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
GAIN Per share dataGAIN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.42
EPS Next 2Y-2.43%
EPS Next 3Y-1.59%

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5

5. Dividend

5.1 Amount

GAIN has a Yearly Dividend Yield of 6.91%, which is a nice return.
GAIN's Dividend Yield is comparable with the industry average which is at 8.41.
GAIN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.51.
Industry RankSector Rank
Dividend Yield 6.91%

5.2 History

The dividend of GAIN is nicely growing with an annual growth rate of 18.35%!
GAIN has been paying a dividend for at least 10 years, so it has a reliable track record.
GAIN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)18.35%
Div Incr Years3
Div Non Decr Years3
GAIN Yearly Dividends per shareGAIN Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

86.81% of the earnings are spent on dividend by GAIN. This is not a sustainable payout ratio.
GAIN's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP86.81%
EPS Next 2Y-2.43%
EPS Next 3Y-1.59%
GAIN Yearly Income VS Free CF VS DividendGAIN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M
GAIN Dividend Payout.GAIN Dividend Payout, showing the Payout Ratio.GAIN Dividend Payout.PayoutRetained Earnings

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GLADSTONE INVESTMENT CORP

NASDAQ:GAIN (4/21/2025, 3:44:49 PM)

13.6

-0.29 (-2.09%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12 2025-02-12/bmo
Earnings (Next)05-13 2025-05-13/amc
Inst Owners14.46%
Inst Owner Change-0.23%
Ins Owners2.3%
Ins Owner Change0%
Market Cap501.02M
Analysts80
Price Target14.08 (3.53%)
Short Float %7.78%
Short Ratio23.57
Dividend
Industry RankSector Rank
Dividend Yield 6.91%
Yearly Dividend2.16
Dividend Growth(5Y)18.35%
DP86.81%
Div Incr Years3
Div Non Decr Years3
Ex-Date06-20 2025-06-20 (0.08)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.96%
Min EPS beat(2)-5.12%
Max EPS beat(2)-2.81%
EPS beat(4)0
Avg EPS beat(4)-6.54%
Min EPS beat(4)-10.87%
Max EPS beat(4)-2.81%
EPS beat(8)0
Avg EPS beat(8)-6.35%
EPS beat(12)3
Avg EPS beat(12)-0.45%
EPS beat(16)4
Avg EPS beat(16)-15.66%
Revenue beat(2)0
Avg Revenue beat(2)-5.52%
Min Revenue beat(2)-8.43%
Max Revenue beat(2)-2.61%
Revenue beat(4)1
Avg Revenue beat(4)-5.12%
Min Revenue beat(4)-9.57%
Max Revenue beat(4)0.14%
Revenue beat(8)1
Avg Revenue beat(8)-9.89%
Revenue beat(12)4
Avg Revenue beat(12)-2.93%
Revenue beat(16)8
Avg Revenue beat(16)8.14%
PT rev (1m)0%
PT rev (3m)2.22%
EPS NQ rev (1m)0.65%
EPS NQ rev (3m)0.86%
EPS NY rev (1m)-1.39%
EPS NY rev (3m)8.85%
Revenue NQ rev (1m)3.39%
Revenue NQ rev (3m)10.76%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.14%
Valuation
Industry RankSector Rank
PE 14.32
Fwd PE 14.43
P/S 4.27
P/FCF N/A
P/OCF N/A
P/B 1.02
P/tB 1.02
EV/EBITDA N/A
EPS(TTM)0.95
EY6.99%
EPS(NY)0.94
Fwd EY6.93%
FCF(TTM)-2.46
FCFYN/A
OCF(TTM)-2.46
OCFYN/A
SpS3.19
BVpS13.3
TBVpS13.3
PEG (NY)N/A
PEG (5Y)0.42
Profitability
Industry RankSector Rank
ROA 6.44%
ROE 14.29%
ROCE 5.19%
ROIC 4.1%
ROICexc 4.11%
ROICexgc 4.12%
OM 45.86%
PM (TTM) 59.64%
GM 40.85%
FCFM N/A
ROA(3y)9.18%
ROA(5y)6.58%
ROE(3y)16.11%
ROE(5y)11.5%
ROIC(3y)4.35%
ROIC(5y)5.63%
ROICexc(3y)4.38%
ROICexc(5y)5.66%
ROICexgc(3y)4.39%
ROICexgc(5y)5.68%
ROCE(3y)5.5%
ROCE(5y)7.13%
ROICexcg growth 3Y7.59%
ROICexcg growth 5Y-14.13%
ROICexc growth 3Y7.61%
ROICexc growth 5Y-14.12%
OM growth 3Y0.9%
OM growth 5Y-5.7%
PM growth 3Y5.1%
PM growth 5Y2.66%
GM growth 3Y-9.39%
GM growth 5Y-11.13%
F-Score1
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 1.12
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 2.22
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.24
Quick Ratio 0.24
Altman-Z 0.73
F-Score1
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.94%
EPS 3Y22.39%
EPS 5Y33.9%
EPS Q2Q%-11.54%
EPS Next Y-2.81%
EPS Next 2Y-2.43%
EPS Next 3Y-1.59%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.68%
Revenue growth 3Y20.02%
Revenue growth 5Y-1.72%
Sales Q2Q%7.31%
Revenue Next Year4.77%
Revenue Next 2Y7.47%
Revenue Next 3Y5%
Revenue Next 5YN/A
EBIT growth 1Y-24.34%
EBIT growth 3Y21.1%
EBIT growth 5Y-7.32%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-462.69%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-462.69%
OCF growth 3YN/A
OCF growth 5YN/A