PALMER SQUARE CAPITAL BDC IN (PSBD) Stock Fundamental Analysis
NYSE:PSBD - New York Stock Exchange, Inc. - US69702V1070 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to PSBD. PSBD was compared to 232 industry peers in the Capital Markets industry. PSBD may be in some trouble as it scores bad on both profitability and health. PSBD has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year PSBD was profitable.
PSBD had a positive operating cash flow in the past year.
1.2 Ratios
With a Return On Assets value of 1.20%, PSBD is not doing good in the industry: 63.79% of the companies in the same industry are doing better.
PSBD has a Return On Equity of 3.18%. This is in the lower half of the industry: PSBD underperforms 67.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.62%, PSBD is in line with its industry, outperforming 46.12% of the companies in the same industry.
PSBD had an Average Return On Invested Capital over the past 3 years of 3.69%. This is below the industry average of 7.89%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.2% | ||
| ROE | 3.18% | ||
| ROIC | 3.62% |
ROA(3y)1.97%
ROA(5y)N/A
ROE(3y)3.9%
ROE(5y)N/A
ROIC(3y)3.69%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of PSBD (11.72%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of PSBD has declined.
PSBD has a better Operating Margin (42.30%) than 75.00% of its industry peers.
PSBD's Operating Margin has declined in the last couple of years.
PSBD has a Gross Margin (45.77%) which is comparable to the rest of the industry.
PSBD's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 42.3% | ||
| PM (TTM) | 11.72% | ||
| GM | 45.77% |
OM growth 3Y-8.82%
OM growth 5YN/A
PM growth 3Y-11.57%
PM growth 5YN/A
GM growth 3Y-9.03%
GM growth 5YN/A
2. Health
2.1 Basic Checks
PSBD has about the same amout of shares outstanding than it did 1 year ago.
The debt/assets ratio for PSBD has been reduced compared to a year ago.
2.2 Solvency
PSBD has an Altman-Z score of 0.42. This is a bad value and indicates that PSBD is not financially healthy and even has some risk of bankruptcy.
PSBD's Altman-Z score of 0.42 is on the low side compared to the rest of the industry. PSBD is outperformed by 67.67% of its industry peers.
The Debt to FCF ratio of PSBD is 9.25, which is on the high side as it means it would take PSBD, 9.25 years of fcf income to pay off all of its debts.
PSBD has a Debt to FCF ratio of 9.25. This is comparable to the rest of the industry: PSBD outperforms 53.88% of its industry peers.
A Debt/Equity ratio of 1.50 is on the high side and indicates that PSBD has dependencies on debt financing.
The Debt to Equity ratio of PSBD (1.50) is worse than 69.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 9.25 | ||
| Altman-Z | 0.42 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.26 indicates that PSBD may have some problems paying its short term obligations.
The Current ratio of PSBD (0.26) is worse than 86.21% of its industry peers.
PSBD has a Quick Ratio of 0.26. This is a bad value and indicates that PSBD is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.26, PSBD is doing worse than 86.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.26 |
3. Growth
3.1 Past
PSBD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -55.52%.
PSBD shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 36.02% yearly.
Looking at the last year, PSBD shows a very strong growth in Revenue. The Revenue has grown by 27.88%.
Measured over the past years, PSBD shows a very strong growth in Revenue. The Revenue has been growing by 53.49% on average per year.
EPS 1Y (TTM)-55.52%
EPS 3Y36.02%
EPS 5YN/A
EPS Q2Q%-136.11%
Revenue 1Y (TTM)27.88%
Revenue growth 3Y53.49%
Revenue growth 5YN/A
Sales Q2Q%-10.27%
3.2 Future
The Earnings Per Share is expected to grow by 7.29% on average over the next years.
Based on estimates for the next years, PSBD will show a very negative growth in Revenue. The Revenue will decrease by -17.49% on average per year.
EPS Next Y-33.39%
EPS Next 2Y5.37%
EPS Next 3Y7.29%
EPS Next 5YN/A
Revenue Next Year-11.99%
Revenue Next 2Y-7.73%
Revenue Next 3Y-17.49%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 28.33, PSBD can be considered very expensive at the moment.
Based on the Price/Earnings ratio, PSBD is valued a bit more expensive than the industry average as 69.40% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of PSBD to the average of the S&P500 Index (26.52), we can say PSBD is valued inline with the index average.
The Price/Forward Earnings ratio is 8.50, which indicates a very decent valuation of PSBD.
Based on the Price/Forward Earnings ratio, PSBD is valued cheaply inside the industry as 80.17% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of PSBD to the average of the S&P500 Index (22.25), we can say PSBD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.33 | ||
| Fwd PE | 8.5 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, PSBD is valued cheaper than 83.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.37 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y5.37%
EPS Next 3Y7.29%
5. Dividend
5.1 Amount
PSBD has a Yearly Dividend Yield of 11.30%, which is a nice return.
PSBD's Dividend Yield is a higher than the industry average which is at 8.15.
Compared to an average S&P500 Dividend Yield of 2.38, PSBD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.3% |
5.2 History
PSBD does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
PSBD pays out 379.60% of its income as dividend. This is not a sustainable payout ratio.
DP379.6%
EPS Next 2Y5.37%
EPS Next 3Y7.29%
13.88
+0.02 (+0.14%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners55.71%
Inst Owner Change26.53%
Ins Owners9.71%
Ins Owner Change52.62%
Market Cap449.30M
Analysts78.33
Price Target16.63 (19.81%)
Short Float %0.05%
Short Ratio0.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.3% |
Yearly Dividend1.43
Dividend Growth(5Y)N/A
DP379.6%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-101.92%
Min EPS beat(2)-178.67%
Max EPS beat(2)-25.17%
EPS beat(4)0
Avg EPS beat(4)-81.62%
Min EPS beat(4)-178.67%
Max EPS beat(4)-25.17%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-4.35%
Min Revenue beat(2)-6.77%
Max Revenue beat(2)-1.92%
Revenue beat(4)2
Avg Revenue beat(4)2.84%
Min Revenue beat(4)-6.77%
Max Revenue beat(4)17.1%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-2.4%
EPS NQ rev (1m)-7.42%
EPS NQ rev (3m)-11.58%
EPS NY rev (1m)-44.72%
EPS NY rev (3m)-47.38%
Revenue NQ rev (1m)-3.12%
Revenue NQ rev (3m)-5.14%
Revenue NY rev (1m)-3.14%
Revenue NY rev (3m)-4.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.33 | ||
| Fwd PE | 8.5 | ||
| P/S | 3.21 | ||
| P/FCF | 5.37 | ||
| P/OCF | 5.37 | ||
| P/B | 0.87 | ||
| P/tB | 0.87 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.49
EY3.53%
EPS(NY)1.63
Fwd EY11.76%
FCF(TTM)2.59
FCFY18.63%
OCF(TTM)2.59
OCFY18.63%
SpS4.32
BVpS15.93
TBVpS15.93
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.2% | ||
| ROE | 3.18% | ||
| ROCE | 4.59% | ||
| ROIC | 3.62% | ||
| ROICexc | 3.63% | ||
| ROICexgc | 3.63% | ||
| OM | 42.3% | ||
| PM (TTM) | 11.72% | ||
| GM | 45.77% | ||
| FCFM | 59.81% |
ROA(3y)1.97%
ROA(5y)N/A
ROE(3y)3.9%
ROE(5y)N/A
ROIC(3y)3.69%
ROIC(5y)N/A
ROICexc(3y)3.7%
ROICexc(5y)N/A
ROICexgc(3y)3.7%
ROICexgc(5y)N/A
ROCE(3y)4.67%
ROCE(5y)N/A
ROICexcg growth 3Y31.14%
ROICexcg growth 5YN/A
ROICexc growth 3Y31.14%
ROICexc growth 5YN/A
OM growth 3Y-8.82%
OM growth 5YN/A
PM growth 3Y-11.57%
PM growth 5YN/A
GM growth 3Y-9.03%
GM growth 5YN/A
F-Score6
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 9.25 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.11 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 510.5% | ||
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.26 | ||
| Altman-Z | 0.42 |
F-Score6
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)-55.52%
EPS 3Y36.02%
EPS 5YN/A
EPS Q2Q%-136.11%
EPS Next Y-33.39%
EPS Next 2Y5.37%
EPS Next 3Y7.29%
EPS Next 5YN/A
Revenue 1Y (TTM)27.88%
Revenue growth 3Y53.49%
Revenue growth 5YN/A
Sales Q2Q%-10.27%
Revenue Next Year-11.99%
Revenue Next 2Y-7.73%
Revenue Next 3Y-17.49%
Revenue Next 5YN/A
EBIT growth 1Y7.95%
EBIT growth 3Y39.96%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1126.42%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-1126.42%
OCF growth 3YN/A
OCF growth 5YN/A