PENNANTPARK INVESTMENT CORP (PNNT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PNNT - US7080621045 - Common Stock
5.99 USD
+0.08 (+1.35%)
5.99 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to PNNT. PNNT was compared to 237 industry peers in the Capital Markets industry. Both the profitability and the financial health of PNNT get a neutral evaluation. Nothing too spectacular is happening here. PNNT has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
PNNT had positive earnings in the past year.
In the past year PNNT had a positive cash flow from operations.
In multiple years PNNT reported negative net income over the last 5 years.
In multiple years PNNT reported negative operating cash flow during the last 5 years.
1.2 Ratios
PNNT's Return On Assets of 2.42% is in line compared to the rest of the industry. PNNT outperforms 50.21% of its industry peers.
Looking at the Return On Equity, with a value of 7.05%, PNNT is in line with its industry, outperforming 45.15% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.90%, PNNT is in line with its industry, outperforming 42.19% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PNNT is below the industry average of 6.99%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.42% | ||
| ROE | 7.05% | ||
| ROIC | 2.9% |
ROA(3y)1.01%
ROA(5y)2.8%
ROE(3y)3.4%
ROE(5y)6.25%
ROIC(3y)3.82%
ROIC(5y)3.36%
1.3 Margins
PNNT has a Profit Margin of 26.74%. This is in the better half of the industry: PNNT outperforms 68.78% of its industry peers.
PNNT has a Operating Margin of 40.01%. This is in the better half of the industry: PNNT outperforms 71.73% of its industry peers.
In the last couple of years the Operating Margin of PNNT has remained more or less at the same level.
The Gross Margin of PNNT (45.04%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of PNNT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 40.01% | ||
| PM (TTM) | 26.74% | ||
| GM | 45.04% |
OM growth 3Y-5.51%
OM growth 5Y-0.97%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.15%
GM growth 5Y0.15%
2. Health
2.1 Basic Checks
PNNT has about the same amout of shares outstanding than it did 1 year ago.
PNNT has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, PNNT has a worse debt to assets ratio.
2.2 Solvency
PNNT has an Altman-Z score of 0.23. This is a bad value and indicates that PNNT is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of PNNT (0.23) is worse than 71.31% of its industry peers.
PNNT has a debt to FCF ratio of 8.29. This is a slightly negative value and a sign of low solvency as PNNT would need 8.29 years to pay back of all of its debts.
PNNT has a better Debt to FCF ratio (8.29) than 62.45% of its industry peers.
A Debt/Equity ratio of 1.87 is on the high side and indicates that PNNT has dependencies on debt financing.
PNNT's Debt to Equity ratio of 1.87 is on the low side compared to the rest of the industry. PNNT is outperformed by 78.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | 8.29 | ||
| Altman-Z | 0.23 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
PNNT has a Current Ratio of 3.73. This indicates that PNNT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.73, PNNT belongs to the top of the industry, outperforming 82.70% of the companies in the same industry.
PNNT has a Quick Ratio of 3.73. This indicates that PNNT is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of PNNT (3.73) is better than 82.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.73 | ||
| Quick Ratio | 3.73 |
3. Growth
3.1 Past
PNNT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -23.66%.
The Earnings Per Share has been growing slightly by 3.42% on average over the past years.
Looking at the last year, PNNT shows a very negative growth in Revenue. The Revenue has decreased by -14.91% in the last year.
Measured over the past years, PNNT shows a small growth in Revenue. The Revenue has been growing by 4.08% on average per year.
EPS 1Y (TTM)-23.66%
EPS 3Y1.95%
EPS 5Y3.42%
EPS Q2Q%-31.82%
Revenue 1Y (TTM)-14.91%
Revenue growth 3Y5.24%
Revenue growth 5Y4.08%
Sales Q2Q%-23.41%
3.2 Future
The Earnings Per Share is expected to decrease by -5.93% on average over the next years.
The Revenue is expected to decrease by -4.76% on average over the next years.
EPS Next Y-5.38%
EPS Next 2Y-5.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-5.46%
Revenue Next 2Y-4.76%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.44, the valuation of PNNT can be described as reasonable.
Based on the Price/Earnings ratio, PNNT is valued a bit cheaper than the industry average as 79.75% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.34, PNNT is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 8.92, the valuation of PNNT can be described as reasonable.
Based on the Price/Forward Earnings ratio, PNNT is valued cheaply inside the industry as 82.28% of the companies are valued more expensively.
PNNT is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.56, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.44 | ||
| Fwd PE | 8.92 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PNNT indicates a rather cheap valuation: PNNT is cheaper than 87.76% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.73 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as PNNT's earnings are expected to decrease with -5.93% in the coming years.
PEG (NY)N/A
PEG (5Y)2.46
EPS Next 2Y-5.93%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 12.90%, PNNT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.30, PNNT pays a better dividend. On top of this PNNT pays more dividend than 81.43% of the companies listed in the same industry.
PNNT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.9% |
5.2 History
The dividend of PNNT is nicely growing with an annual growth rate of 9.53%!
PNNT has been paying a dividend for at least 10 years, so it has a reliable track record.
PNNT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)9.53%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
207.50% of the earnings are spent on dividend by PNNT. This is not a sustainable payout ratio.
PNNT's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP207.5%
EPS Next 2Y-5.93%
EPS Next 3YN/A
5.99
+0.08 (+1.35%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners21.23%
Inst Owner Change-3.24%
Ins Owners0.45%
Ins Owner Change0.54%
Market Cap391.15M
Revenue(TTM)122.38M
Net Income(TTM)32.73M
Analysts49.23
Price Target6.22 (3.84%)
Short Float %6.32%
Short Ratio6.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.9% |
Yearly Dividend1.04
Dividend Growth(5Y)9.53%
DP207.5%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.45%
Min EPS beat(2)-15.6%
Max EPS beat(2)-3.3%
EPS beat(4)0
Avg EPS beat(4)-8.51%
Min EPS beat(4)-15.6%
Max EPS beat(4)-3.3%
EPS beat(8)2
Avg EPS beat(8)-4.44%
EPS beat(12)5
Avg EPS beat(12)0.22%
EPS beat(16)7
Avg EPS beat(16)1.05%
Revenue beat(2)0
Avg Revenue beat(2)-6.14%
Min Revenue beat(2)-6.8%
Max Revenue beat(2)-5.48%
Revenue beat(4)0
Avg Revenue beat(4)-6.6%
Min Revenue beat(4)-9.29%
Max Revenue beat(4)-4.84%
Revenue beat(8)1
Avg Revenue beat(8)-7.58%
Revenue beat(12)3
Avg Revenue beat(12)-4.09%
Revenue beat(16)5
Avg Revenue beat(16)-2.09%
PT rev (1m)-8.96%
PT rev (3m)-9.63%
EPS NQ rev (1m)-8.14%
EPS NQ rev (3m)-8.79%
EPS NY rev (1m)-6.89%
EPS NY rev (3m)-6.08%
Revenue NQ rev (1m)-1.79%
Revenue NQ rev (3m)-1.79%
Revenue NY rev (1m)-1.91%
Revenue NY rev (3m)-1.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.44 | ||
| Fwd PE | 8.92 | ||
| P/S | 3.2 | ||
| P/FCF | 3.73 | ||
| P/OCF | 3.73 | ||
| P/B | 0.84 | ||
| P/tB | 0.84 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.71
EY11.85%
EPS(NY)0.67
Fwd EY11.22%
FCF(TTM)1.6
FCFY26.79%
OCF(TTM)1.6
OCFY26.79%
SpS1.87
BVpS7.1
TBVpS7.1
PEG (NY)N/A
PEG (5Y)2.46
Graham Number10.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.42% | ||
| ROE | 7.05% | ||
| ROCE | 3.67% | ||
| ROIC | 2.9% | ||
| ROICexc | 3.02% | ||
| ROICexgc | 3.02% | ||
| OM | 40.01% | ||
| PM (TTM) | 26.74% | ||
| GM | 45.04% | ||
| FCFM | 85.62% |
ROA(3y)1.01%
ROA(5y)2.8%
ROE(3y)3.4%
ROE(5y)6.25%
ROIC(3y)3.82%
ROIC(5y)3.36%
ROICexc(3y)3.96%
ROICexc(5y)3.48%
ROICexgc(3y)3.96%
ROICexgc(5y)3.48%
ROCE(3y)4.83%
ROCE(5y)4.26%
ROICexgc growth 3Y-1.68%
ROICexgc growth 5Y-0.61%
ROICexc growth 3Y-1.68%
ROICexc growth 5Y-0.61%
OM growth 3Y-5.51%
OM growth 5Y-0.97%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.15%
GM growth 5Y0.15%
F-Score4
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | 8.29 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.23 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 320.16% | ||
| Current Ratio | 3.73 | ||
| Quick Ratio | 3.73 | ||
| Altman-Z | 0.23 |
F-Score4
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)-23.66%
EPS 3Y1.95%
EPS 5Y3.42%
EPS Q2Q%-31.82%
EPS Next Y-5.38%
EPS Next 2Y-5.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-14.91%
Revenue growth 3Y5.24%
Revenue growth 5Y4.08%
Sales Q2Q%-23.41%
Revenue Next Year-5.46%
Revenue Next 2Y-4.76%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-21.87%
EBIT growth 3Y-0.56%
EBIT growth 5Y3.07%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y160.78%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y160.78%
OCF growth 3YN/A
OCF growth 5YN/A
PENNANTPARK INVESTMENT CORP / PNNT FAQ
What is the ChartMill fundamental rating of PENNANTPARK INVESTMENT CORP (PNNT) stock?
ChartMill assigns a fundamental rating of 4 / 10 to PNNT.
What is the valuation status for PNNT stock?
ChartMill assigns a valuation rating of 6 / 10 to PENNANTPARK INVESTMENT CORP (PNNT). This can be considered as Fairly Valued.
What is the profitability of PNNT stock?
PENNANTPARK INVESTMENT CORP (PNNT) has a profitability rating of 4 / 10.
Can you provide the PE and PB ratios for PNNT stock?
The Price/Earnings (PE) ratio for PENNANTPARK INVESTMENT CORP (PNNT) is 8.44 and the Price/Book (PB) ratio is 0.84.
What is the financial health of PENNANTPARK INVESTMENT CORP (PNNT) stock?
The financial health rating of PENNANTPARK INVESTMENT CORP (PNNT) is 5 / 10.