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PALMER SQUARE CAPITAL BDC IN (PSBD) Stock Fundamental Analysis

NYSE:PSBD - New York Stock Exchange, Inc. - US69702V1070 - Common Stock - Currency: USD

13.99  +0.01 (+0.07%)

Fundamental Rating

3

Overall PSBD gets a fundamental rating of 3 out of 10. We evaluated PSBD against 235 industry peers in the Capital Markets industry. PSBD has a bad profitability rating. Also its financial health evaluation is rather negative. PSBD is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

PSBD had positive earnings in the past year.
In the past year PSBD had a positive cash flow from operations.
PSBD Yearly Net Income VS EBIT VS OCF VS FCFPSBD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 2024 0 100M -100M -200M -300M -400M

1.2 Ratios

PSBD has a worse Return On Assets (1.20%) than 63.40% of its industry peers.
The Return On Equity of PSBD (3.18%) is worse than 68.09% of its industry peers.
PSBD has a Return On Invested Capital of 3.62%. This is comparable to the rest of the industry: PSBD outperforms 46.38% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PSBD is below the industry average of 7.84%.
Industry RankSector 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
PSBD Yearly ROA, ROE, ROICPSBD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 0 10 -10 20 -20

1.3 Margins

PSBD has a Profit Margin (11.72%) which is in line with its industry peers.
PSBD's Profit Margin has declined in the last couple of years.
PSBD has a Operating Margin of 42.30%. This is in the better half of the industry: PSBD outperforms 74.47% of its industry peers.
PSBD's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 45.77%, PSBD is in line with its industry, outperforming 48.51% of the companies in the same industry.
PSBD's Gross Margin has declined in the last couple of years.
Industry RankSector 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
PSBD Yearly Profit, Operating, Gross MarginsPSBD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2024 0 50 -50

1

2. Health

2.1 Basic Checks

Compared to 1 year ago, PSBD has about the same amount of shares outstanding.
Compared to 1 year ago, PSBD has an improved debt to assets ratio.
PSBD Yearly Shares OutstandingPSBD Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 10M 20M 30M
PSBD Yearly Total Debt VS Total AssetsPSBD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 500M 1B

2.2 Solvency

Based on the Altman-Z score of 0.42, we must say that PSBD is in the distress zone and 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 67.66% 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.
The Debt to FCF ratio of PSBD (9.25) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.50 is on the high side and indicates that PSBD has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.50, PSBD is doing worse than 69.79% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.5
Debt/FCF 9.25
Altman-Z 0.42
ROIC/WACCN/A
WACCN/A
PSBD Yearly LT Debt VS Equity VS FCFPSBD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 2024 0 200M -200M 400M -400M 600M 800M

2.3 Liquidity

A Current Ratio of 0.26 indicates that PSBD may have some problems paying its short term obligations.
PSBD has a Current ratio of 0.26. This is amonst the worse of the industry: PSBD underperforms 86.81% 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.
PSBD has a Quick ratio of 0.26. This is amonst the worse of the industry: PSBD underperforms 86.81% of its industry peers.
Industry RankSector Rank
Current Ratio 0.26
Quick Ratio 0.26
PSBD Yearly Current Assets VS Current LiabilitesPSBD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 20M 40M 60M 80M 100M

5

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%.
Measured over the past years, PSBD shows a very strong growth in Earnings Per Share. The EPS has been growing by 36.02% on average per year.
PSBD shows a strong growth in Revenue. In the last year, 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

Based on estimates for the next years, PSBD will show a small growth in Earnings Per Share. The EPS will grow by 2.01% on average per year.
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-38.38%
EPS Next 2Y4.04%
EPS Next 3Y2.01%
EPS Next 5YN/A
Revenue Next Year-14.24%
Revenue Next 2Y-9.3%
Revenue Next 3Y-17.49%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
PSBD Yearly Revenue VS EstimatesPSBD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 50M 100M
PSBD Yearly EPS VS EstimatesPSBD Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 0.5 1 1.5 2

4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 28.55 indicates a quite expensive valuation of PSBD.
66.38% of the companies in the same industry are cheaper than PSBD, based on the Price/Earnings ratio.
PSBD's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.35.
A Price/Forward Earnings ratio of 8.79 indicates a reasonable valuation of PSBD.
Based on the Price/Forward Earnings ratio, PSBD is valued cheaply inside the industry as 83.40% of the companies are valued more expensively.
PSBD's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 37.54.
Industry RankSector Rank
PE 28.55
Fwd PE 8.79
PSBD Price Earnings VS Forward Price EarningsPSBD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

82.55% of the companies in the same industry are more expensive than PSBD, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 5.41
EV/EBITDA N/A
PSBD Per share dataPSBD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y4.04%
EPS Next 3Y2.01%

3

5. Dividend

5.1 Amount

PSBD has a Yearly Dividend Yield of 11.06%, which is a nice return.
PSBD's Dividend Yield is a higher than the industry average which is at 8.05.
PSBD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
Industry RankSector Rank
Dividend Yield 11.06%

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
PSBD Yearly Dividends per sharePSBD Yearly Dividends per shareYearly Dividends per share 2024 2025 0.5 1 1.5

5.3 Sustainability

379.60% of the earnings are spent on dividend by PSBD. This is not a sustainable payout ratio.
DP379.6%
EPS Next 2Y4.04%
EPS Next 3Y2.01%
PSBD Yearly Income VS Free CF VS DividendPSBD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2021 2022 2023 2024 0 100M -100M -200M -300M -400M
PSBD Dividend Payout.PSBD Dividend Payout, showing the Payout Ratio.PSBD Dividend Payout.PayoutRetained Earnings

PALMER SQUARE CAPITAL BDC IN

NYSE:PSBD (7/24/2025, 8:04:01 PM)

13.99

+0.01 (+0.07%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)05-07 2025-05-07/bmo
Earnings (Next)08-06 2025-08-06/bmo
Inst Owners68.5%
Inst Owner Change0.77%
Ins Owners0.8%
Ins Owner Change52.62%
Market Cap452.86M
Analysts75
Price Target14.59 (4.29%)
Short Float %0.31%
Short Ratio2.02
Dividend
Industry RankSector Rank
Dividend Yield 11.06%
Yearly Dividend1.43
Dividend Growth(5Y)N/A
DP379.6%
Div Incr Years0
Div Non Decr Years0
Ex-Date06-27 2025-06-27 (0.06)
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)0.7%
PT rev (3m)-14.88%
EPS NQ rev (1m)16.34%
EPS NQ rev (3m)-17.75%
EPS NY rev (1m)8.51%
EPS NY rev (3m)-48.87%
Revenue NQ rev (1m)-0.68%
Revenue NQ rev (3m)-5.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.61%
Valuation
Industry RankSector Rank
PE 28.55
Fwd PE 8.79
P/S 3.24
P/FCF 5.41
P/OCF 5.41
P/B 0.88
P/tB 0.88
EV/EBITDA N/A
EPS(TTM)0.49
EY3.5%
EPS(NY)1.59
Fwd EY11.37%
FCF(TTM)2.59
FCFY18.48%
OCF(TTM)2.59
OCFY18.48%
SpS4.32
BVpS15.93
TBVpS15.93
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector 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 RankSector 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-38.38%
EPS Next 2Y4.04%
EPS Next 3Y2.01%
EPS Next 5YN/A
Revenue 1Y (TTM)27.88%
Revenue growth 3Y53.49%
Revenue growth 5YN/A
Sales Q2Q%-10.27%
Revenue Next Year-14.24%
Revenue Next 2Y-9.3%
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