PENNANTPARK FLOATING RATE CA (PFLT) Stock Fundamental Analysis
NYSE:PFLT - New York Stock Exchange, Inc. - US70806A1060 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to PFLT. PFLT was compared to 233 industry peers in the Capital Markets industry. PFLT has a medium profitability rating, but doesn't score so well on its financial health evaluation. PFLT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
PFLT had positive earnings in the past year.
PFLT had a negative operating cash flow in the past year.
Each year in the past 5 years PFLT has been profitable.
The reported operating cash flow has been mixed in the past 5 years: PFLT reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.74%, PFLT is in line with its industry, outperforming 52.36% of the companies in the same industry.
The Return On Equity of PFLT (6.35%) is comparable to the rest of the industry.
With a Return On Invested Capital value of 3.09%, PFLT is not doing good in the industry: 62.66% of the companies in the same industry are doing better.
PFLT had an Average Return On Invested Capital over the past 3 years of 3.65%. This is below the industry average of 7.84%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.74% | ||
| ROE | 6.35% | ||
| ROIC | 3.09% |
ROA(3y)2.66%
ROA(5y)2.88%
ROE(3y)5.71%
ROE(5y)6.5%
ROIC(3y)3.65%
ROIC(5y)3.35%
1.3 Margins
The Profit Margin of PFLT (29.11%) is better than 72.96% of its industry peers.
PFLT's Profit Margin has improved in the last couple of years.
PFLT has a better Operating Margin (40.80%) than 71.24% of its industry peers.
PFLT's Operating Margin has declined in the last couple of years.
PFLT has a Gross Margin of 47.60%. This is comparable to the rest of the industry: PFLT outperforms 49.79% of its industry peers.
In the last couple of years the Gross Margin of PFLT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 40.8% | ||
| PM (TTM) | 29.11% | ||
| GM | 47.6% |
OM growth 3Y-4.36%
OM growth 5Y-2.89%
PM growth 3Y-10.32%
PM growth 5Y32.06%
GM growth 3Y-2.45%
GM growth 5Y-2.77%
2. Health
2.1 Basic Checks
The number of shares outstanding for PFLT has been increased compared to 1 year ago.
The number of shares outstanding for PFLT has been increased compared to 5 years ago.
PFLT has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.64, we must say that PFLT is in the distress zone and has some risk of bankruptcy.
PFLT has a Altman-Z score of 0.64. This is in the lower half of the industry: PFLT underperforms 61.80% of its industry peers.
A Debt/Equity ratio of 1.28 is on the high side and indicates that PFLT has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.28, PFLT is doing worse than 63.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.64 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
PFLT has a Current Ratio of 3.33. This indicates that PFLT is financially healthy and has no problem in meeting its short term obligations.
PFLT has a better Current ratio (3.33) than 81.12% of its industry peers.
A Quick Ratio of 3.33 indicates that PFLT has no problem at all paying its short term obligations.
PFLT's Quick ratio of 3.33 is amongst the best of the industry. PFLT outperforms 81.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.33 | ||
| Quick Ratio | 3.33 |
3. Growth
3.1 Past
PFLT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.09%.
Measured over the past 5 years, PFLT shows a small growth in Earnings Per Share. The EPS has been growing by 0.51% on average per year.
Looking at the last year, PFLT shows a very strong growth in Revenue. The Revenue has grown by 49.56%.
PFLT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.94% yearly.
EPS 1Y (TTM)-9.09%
EPS 3Y3.61%
EPS 5Y0.51%
EPS Q2Q%-9.68%
Revenue 1Y (TTM)49.56%
Revenue growth 3Y31.1%
Revenue growth 5Y14.94%
Sales Q2Q%39.64%
3.2 Future
PFLT is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.77% yearly.
The Revenue is expected to grow by 28.13% on average over the next years. This is a very strong growth
EPS Next Y4.69%
EPS Next 2Y1.88%
EPS Next 3Y-0.77%
EPS Next 5YN/A
Revenue Next Year50.8%
Revenue Next 2Y28.13%
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.79, which indicates a very decent valuation of PFLT.
PFLT's Price/Earnings ratio is rather cheap when compared to the industry. PFLT is cheaper than 80.69% of the companies in the same industry.
PFLT is valuated cheaply when we compare the Price/Earnings ratio to 27.45, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.54, which indicates a very decent valuation of PFLT.
PFLT's Price/Forward Earnings ratio is rather cheap when compared to the industry. PFLT is cheaper than 81.97% of the companies in the same industry.
PFLT is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.79 | ||
| Fwd PE | 8.54 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates PFLT does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)1.87
PEG (5Y)17.17
EPS Next 2Y1.88%
EPS Next 3Y-0.77%
5. Dividend
5.1 Amount
PFLT has a Yearly Dividend Yield of 12.02%, which is a nice return.
Compared to an average industry Dividend Yield of 8.00, PFLT pays a better dividend. On top of this PFLT pays more dividend than 80.26% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, PFLT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.02% |
5.2 History
The dividend of PFLT has a limited annual growth rate of 0.30%.
PFLT has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of PFLT decreased recently.
Dividend Growth(5Y)0.3%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
PFLT pays out 137.85% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of PFLT has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP137.85%
EPS Next 2Y1.88%
EPS Next 3Y-0.77%
10.55
+0.09 (+0.86%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners26.89%
Inst Owner Change31.86%
Ins Owners0.52%
Ins Owner Change2.32%
Market Cap1.05B
Analysts77.14
Price Target11.29 (7.01%)
Short Float %1.28%
Short Ratio1.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.02% |
Yearly Dividend1.16
Dividend Growth(5Y)0.3%
DP137.85%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.4%
Min EPS beat(2)-14.18%
Max EPS beat(2)11.37%
EPS beat(4)1
Avg EPS beat(4)-8.27%
Min EPS beat(4)-25.58%
Max EPS beat(4)11.37%
EPS beat(8)3
Avg EPS beat(8)-4.36%
EPS beat(12)4
Avg EPS beat(12)-3.34%
EPS beat(16)7
Avg EPS beat(16)-1.37%
Revenue beat(2)1
Avg Revenue beat(2)3.94%
Min Revenue beat(2)-3.45%
Max Revenue beat(2)11.34%
Revenue beat(4)3
Avg Revenue beat(4)8.01%
Min Revenue beat(4)-3.45%
Max Revenue beat(4)18.71%
Revenue beat(8)7
Avg Revenue beat(8)9.71%
Revenue beat(12)10
Avg Revenue beat(12)6.84%
Revenue beat(16)13
Avg Revenue beat(16)6.82%
PT rev (1m)-3.73%
PT rev (3m)-5.78%
EPS NQ rev (1m)0.31%
EPS NQ rev (3m)-8.72%
EPS NY rev (1m)-0.7%
EPS NY rev (3m)-7.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-1.76%
Revenue NY rev (3m)-1.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.79 | ||
| Fwd PE | 8.54 | ||
| P/S | 4.49 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.98 | ||
| P/tB | 0.98 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.2
EY11.37%
EPS(NY)1.24
Fwd EY11.71%
FCF(TTM)-8.04
FCFYN/A
OCF(TTM)-8.04
OCFYN/A
SpS2.35
BVpS10.76
TBVpS10.76
PEG (NY)1.87
PEG (5Y)17.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.74% | ||
| ROE | 6.35% | ||
| ROCE | 3.91% | ||
| ROIC | 3.09% | ||
| ROICexc | 3.23% | ||
| ROICexgc | 3.23% | ||
| OM | 40.8% | ||
| PM (TTM) | 29.11% | ||
| GM | 47.6% | ||
| FCFM | N/A |
ROA(3y)2.66%
ROA(5y)2.88%
ROE(3y)5.71%
ROE(5y)6.5%
ROIC(3y)3.65%
ROIC(5y)3.35%
ROICexc(3y)3.9%
ROICexc(5y)3.56%
ROICexgc(3y)3.9%
ROICexgc(5y)3.56%
ROCE(3y)4.62%
ROCE(5y)4.25%
ROICexcg growth 3Y3.5%
ROICexcg growth 5Y-1.07%
ROICexc growth 3Y3.5%
ROICexc growth 5Y-1.07%
OM growth 3Y-4.36%
OM growth 5Y-2.89%
PM growth 3Y-10.32%
PM growth 5Y32.06%
GM growth 3Y-2.45%
GM growth 5Y-2.77%
F-Score1
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.27 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.33 | ||
| Quick Ratio | 3.33 | ||
| Altman-Z | 0.64 |
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)-9.09%
EPS 3Y3.61%
EPS 5Y0.51%
EPS Q2Q%-9.68%
EPS Next Y4.69%
EPS Next 2Y1.88%
EPS Next 3Y-0.77%
EPS Next 5YN/A
Revenue 1Y (TTM)49.56%
Revenue growth 3Y31.1%
Revenue growth 5Y14.94%
Sales Q2Q%39.64%
Revenue Next Year50.8%
Revenue Next 2Y28.13%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y24.17%
EBIT growth 3Y25.38%
EBIT growth 5Y11.62%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1232.97%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-1232.97%
OCF growth 3YN/A
OCF growth 5YN/A