PENNANTPARK FLOATING RATE CA (PFLT)
US70806A1060 - Common Stock
We assign a fundamental rating of 5 out of 10 to PFLT. PFLT was compared to 209 industry peers in the Capital Markets industry. PFLT has an average financial health and profitability rating. 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.
In the past year PFLT has reported a negative cash flow from operations.
Each year in the past 5 years PFLT has been profitable.
In multiple years PFLT reported negative operating cash flow during the last 5 years.
1.2 Ratios
With a Return On Assets value of 4.66%, PFLT perfoms like the industry average, outperforming 58.45% of the companies in the same industry.
PFLT has a Return On Equity (9.63%) which is in line with its industry peers.
PFLT has a Return On Invested Capital (4.37%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for PFLT is below the industry average of 8.35%.
The last Return On Invested Capital (4.37%) for PFLT is above the 3 year average (3.56%), which is a sign of increasing profitability.
| 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 81.16% of the companies in the same industry.
In the last couple of years the Profit Margin of PFLT has declined.
With an excellent Operating Margin value of 50.46%, PFLT belongs to the best of the industry, outperforming 85.51% of the companies in the same industry.
PFLT's Operating Margin has improved in the last couple of years.
PFLT's Gross Margin of 54.12% is in line compared to the rest of the industry. PFLT outperforms 55.07% of 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
The number of shares outstanding for PFLT has been increased compared to 1 year ago.
Compared to 5 years ago, PFLT has more shares outstanding
PFLT has a better debt/assets ratio than last year.
2.2 Solvency
PFLT has an Altman-Z score of 0.82. This is a bad value and indicates that PFLT is not financially healthy and even has some risk of bankruptcy.
PFLT has a Altman-Z score (0.82) which is comparable to the rest of the industry.
PFLT has a Debt/Equity ratio of 1.02. This is a high value indicating a heavy dependency on external financing.
PFLT has a Debt to Equity ratio (1.02) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.82 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 3.13 indicates that PFLT has no problem at all paying its short term obligations.
The Current ratio of PFLT (3.13) is better than 79.23% of its industry peers.
PFLT has a Quick Ratio of 3.13. This indicates that PFLT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.13, PFLT is in the better half of the industry, outperforming 79.23% 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.
PFLT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.70% yearly.
Looking at the last year, PFLT shows a very strong growth in Revenue. The Revenue has grown by 32.10%.
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
Based on estimates for the next years, PFLT will show a decrease in Earnings Per Share. The EPS will decrease by -2.46% on average per year.
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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
A Price/Earnings ratio of 8.27 indicates a reasonable valuation of PFLT.
77.29% of the companies in the same industry are more expensive than PFLT, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 24.80. PFLT is valued rather cheaply when compared to this.
PFLT is valuated reasonably with a Price/Forward Earnings ratio of 8.75.
71.50% of the companies in the same industry are more expensive than PFLT, based on the Price/Forward Earnings ratio.
PFLT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.27 | ||
| Fwd PE | 8.75 |
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)0.77
EPS Next 2Y-1.7%
EPS Next 3Y-2.46%
5. Dividend
5.1 Amount
PFLT has a Yearly Dividend Yield of 10.80%, which is a nice return.
Compared to an average industry Dividend Yield of 7.52, PFLT pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, PFLT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.8% |
5.2 History
The dividend of PFLT decreases each year by -1.30%.
PFLT has paid a dividend for at least 10 years, which is 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.
The Dividend Rate of PFLT has been decling, while earnings will also be 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 (4/18/2024, 7:13:49 PM)
After market: 11.26 +0.01 (+0.09%)11.25
+0.14 (+1.26%)
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 Cap693.34M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.8% |
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(16)
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Revenue beat(2)
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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 | 8.27 | ||
| Fwd PE | 8.75 | ||
| 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)0.77
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