PENNANTPARK FLOATING RATE CA (PFLT)
US70806A1060 - Common Stock
PFLT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 210 industry peers in the Capital Markets industry. Both the profitability and the financial health of PFLT get a neutral evaluation. Nothing too spectacular is happening here. PFLT has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year PFLT was profitable.
PFLT had a negative operating cash flow in the past year.
In the past 5 years PFLT has always been profitable.
In multiple years PFLT reported negative operating cash flow during the last 5 years.
1.2 Ratios
PFLT has a Return On Assets (4.66%) which is comparable to the rest of the industry.
PFLT has a Return On Equity of 9.63%. This is comparable to the rest of the industry: PFLT outperforms 48.56% of its industry peers.
PFLT has a Return On Invested Capital (4.37%) which is in line with its industry peers.
PFLT had an Average Return On Invested Capital over the past 3 years of 3.56%. This is significantly below the industry average of 10.68%.
The 3 year average ROIC (3.56%) for PFLT is below the current ROIC(4.37%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.66% | ||
| ROE | 9.63% | ||
| ROIC | 4.37% |
ROA(3y)2.81%
ROA(5y)2.21%
ROE(3y)6.06%
ROE(5y)4.86%
ROIC(3y)3.56%
ROIC(5y)3.39%
1.3 Margins
Looking at the Profit Margin, with a value of 43.40%, PFLT belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
In the last couple of years the Profit Margin of PFLT has declined.
PFLT has a better Operating Margin (50.46%) than 85.58% of its industry peers.
PFLT's Operating Margin has improved in the last couple of years.
PFLT has a Gross Margin (54.12%) which is in line with its industry peers.
In the last couple of years the Gross Margin of PFLT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 50.46% | ||
| PM (TTM) | 43.4% | ||
| GM | 54.12% |
OM growth 3Y2.33%
OM growth 5Y2.74%
PM growth 3Y13.51%
PM growth 5Y-9.49%
GM growth 3Y1.63%
GM growth 5Y-4.32%
2. Health
2.1 Basic Checks
Compared to 1 year ago, PFLT has more shares outstanding
The number of shares outstanding for PFLT has been increased compared to 5 years ago.
The debt/assets ratio for PFLT has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.83, we must say that PFLT is in the distress zone and has some risk of bankruptcy.
PFLT has a Altman-Z score (0.83) which is in line with its industry peers.
A Debt/Equity ratio of 1.02 is on the high side and indicates that PFLT has dependencies on debt financing.
PFLT has a Debt to Equity ratio of 1.02. This is comparable to the rest of the industry: PFLT outperforms 47.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.83 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
PFLT has a Current Ratio of 3.13. This indicates that PFLT is financially healthy and has no problem in meeting its short term obligations.
PFLT's Current ratio of 3.13 is fine compared to the rest of the industry. PFLT outperforms 79.33% of its industry peers.
A Quick Ratio of 3.13 indicates that PFLT has no problem at all paying its short term obligations.
With a decent Quick ratio value of 3.13, PFLT is doing good in the industry, outperforming 79.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.13 | ||
| Quick Ratio | 3.13 |
3. Growth
3.1 Past
PFLT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.24%, which is quite good.
Measured over the past years, PFLT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.70% on average per year.
The Revenue has grown by 32.10% in the past year. This is a very strong growth!
The Revenue has been growing by 14.05% on average over the past years. This is quite good.
EPS 1Y (TTM)16.24%
EPS 3Y5.9%
EPS 5Y10.7%
EPS growth Q2Q10%
Revenue 1Y (TTM)32.1%
Revenue growth 3Y13.42%
Revenue growth 5Y14.05%
Revenue growth Q2Q21.16%
3.2 Future
The Earnings Per Share is expected to decrease by -2.46% on average over the next years.
Based on estimates for the next years, PFLT will show a quite strong growth in Revenue. The Revenue will grow by 10.19% on average per year.
EPS Next Y-1%
EPS Next 2Y-1.7%
EPS Next 3Y-2.46%
EPS Next 5YN/A
Revenue Next Year13.71%
Revenue Next 2Y10.19%
Revenue Next 3YN/A
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.38, which indicates a very decent valuation of PFLT.
77.40% of the companies in the same industry are more expensive than PFLT, based on the Price/Earnings ratio.
PFLT is valuated cheaply when we compare the Price/Earnings ratio to 24.55, which is the current average of the S&P500 Index.
PFLT is valuated reasonably with a Price/Forward Earnings ratio of 8.87.
PFLT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PFLT is cheaper than 72.60% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PFLT to the average of the S&P500 Index (20.92), we can say PFLT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.38 | ||
| Fwd PE | 8.87 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PFLT's earnings are expected to decrease with -2.46% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.78
EPS Next 2Y-1.7%
EPS Next 3Y-2.46%
5. Dividend
5.1 Amount
PFLT has a Yearly Dividend Yield of 10.77%, which is a nice return.
PFLT's Dividend Yield is a higher than the industry average which is at 7.21.
Compared to an average S&P500 Dividend Yield of 2.39, PFLT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.77% |
5.2 History
The dividend of PFLT decreases each year by -1.30%.
PFLT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-1.3%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
100.88% of the earnings are spent on dividend by PFLT. This is not a sustainable payout ratio.
PFLT's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP100.88%
EPS Next 2Y-1.7%
EPS Next 3Y-2.46%
PENNANTPARK FLOATING RATE CA
NYSE:PFLT (5/1/2024, 7:15:56 PM)
After market: 11.43 +0.03 (+0.26%)11.4
+0.03 (+0.26%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap702.58M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.77% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.38 | ||
| Fwd PE | 8.87 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.66% | ||
| ROE | 9.63% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 50.46% | ||
| PM (TTM) | 43.4% | ||
| GM | 54.12% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.13 | ||
| Quick Ratio | 3.13 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)16.24%
EPS 3Y5.9%
EPS 5Y
EPS growth Q2Q
EPS Next Y-1%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)32.1%
Revenue growth 3Y13.42%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y