SARATOGA INVESTMENT CORP - SAR 8 10/31/27 (SAJ) Stock Fundamental Analysis
NYSE:SAJ • US80349A8852
25.28 USD
-0.02 (-0.1%)
Last: Feb 17, 2026, 08:04 PM
Overall SAJ gets a fundamental rating of 4 out of 10. We evaluated SAJ against 237 industry peers in the Capital Markets industry. The financial health of SAJ is average, but there are quite some concerns on its profitability. SAJ is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year SAJ was profitable.
- In the past year SAJ has reported a negative cash flow from operations.
- SAJ had positive earnings in each of the past 5 years.
- SAJ had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
- SAJ has a Return On Assets (3.22%) which is comparable to the rest of the industry.
- Looking at the Return On Equity, with a value of 9.33%, SAJ is in line with its industry, outperforming 56.12% of the companies in the same industry.
- SAJ has a Return On Invested Capital of 2.49%. This is in the lower half of the industry: SAJ underperforms 61.60% of its industry peers.
- SAJ had an Average Return On Invested Capital over the past 3 years of 3.34%. This is below the industry average of 7.29%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.22% | ||
| ROE | 9.33% | ||
| ROIC | 2.49% |
ROA(3y)1.8%
ROA(5y)2.62%
ROE(3y)5.56%
ROE(5y)6.88%
ROIC(3y)3.34%
ROIC(5y)3%
1.3 Margins
- With a decent Profit Margin value of 30.62%, SAJ is doing good in the industry, outperforming 74.68% of the companies in the same industry.
- SAJ's Profit Margin has declined in the last couple of years.
- SAJ has a Operating Margin of 29.55%. This is comparable to the rest of the industry: SAJ outperforms 57.81% of its industry peers.
- In the last couple of years the Operating Margin of SAJ has grown nicely.
- Looking at the Gross Margin, with a value of 37.43%, SAJ is doing worse than 62.45% of the companies in the same industry.
- SAJ's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.55% | ||
| PM (TTM) | 30.62% | ||
| GM | 37.43% |
OM growth 3Y8.45%
OM growth 5Y5.8%
PM growth 3Y-33.67%
PM growth 5Y-27.68%
GM growth 3Y5.15%
GM growth 5Y4.57%
2. Health
2.1 Basic Checks
- The number of shares outstanding for SAJ has been increased compared to 1 year ago.
- SAJ has more shares outstanding than it did 5 years ago.
- SAJ has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.65, we must say that SAJ is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of 0.65, SAJ perfoms like the industry average, outperforming 46.84% of the companies in the same industry.
- SAJ has a Debt/Equity ratio of 1.87. This is a high value indicating a heavy dependency on external financing.
- SAJ's Debt to Equity ratio of 1.87 is on the low side compared to the rest of the industry. SAJ is outperformed by 78.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.65 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- SAJ has a Current Ratio of 11.66. This indicates that SAJ is financially healthy and has no problem in meeting its short term obligations.
- SAJ's Current ratio of 11.66 is amongst the best of the industry. SAJ outperforms 91.56% of its industry peers.
- A Quick Ratio of 11.66 indicates that SAJ has no problem at all paying its short term obligations.
- Looking at the Quick ratio, with a value of 11.66, SAJ belongs to the top of the industry, outperforming 91.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 11.66 | ||
| Quick Ratio | 11.66 |
3. Growth
3.1 Past
- SAJ shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.61%.
- Measured over the past years, SAJ shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -18.46% on average per year.
- SAJ shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -18.68%.
- The Revenue has been growing by 20.56% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-1.61%
EPS 3Y-20.24%
EPS 5Y-18.46%
EPS Q2Q%15.62%
Revenue 1Y (TTM)-18.68%
Revenue growth 3Y28.14%
Revenue growth 5Y20.56%
Sales Q2Q%-2.34%
3.2 Future
- The Earnings Per Share is expected to grow by 8.90% on average over the next years. This is quite good.
- Based on estimates for the next years, SAJ will show a decrease in Revenue. The Revenue will decrease by -7.89% on average per year.
EPS Next Y37.04%
EPS Next 2Y8.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-15.48%
Revenue Next 2Y-7.89%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better 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
- The Price/Earnings ratio is 10.36, which indicates a very decent valuation of SAJ.
- Compared to the rest of the industry, the Price/Earnings ratio of SAJ indicates a somewhat cheap valuation: SAJ is cheaper than 64.56% of the companies listed in the same industry.
- SAJ's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.16.
- With a Price/Forward Earnings ratio of 10.45, the valuation of SAJ can be described as very reasonable.
- Based on the Price/Forward Earnings ratio, SAJ is valued a bit cheaper than the industry average as 69.20% of the companies are valued more expensively.
- SAJ's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.36 | ||
| Fwd PE | 10.45 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- SAJ's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y8.9%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- SAJ has a Yearly Dividend Yield of 12.48%, which is a nice return.
- Compared to an average industry Dividend Yield of 6.03, SAJ pays a better dividend. On top of this SAJ pays more dividend than 81.86% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, SAJ pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.48% |
5.2 History
- On average, the dividend of SAJ grows each year by 9.46%, which is quite nice.
- SAJ has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)9.46%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- SAJ pays out 134.05% of its income as dividend. This is not a sustainable payout ratio.
- The dividend of SAJ is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP134.05%
EPS Next 2Y8.9%
EPS Next 3YN/A
SARATOGA INVESTMENT CORP - SAR 8 10/31/27
NYSE:SAJ (2/17/2026, 8:04:00 PM)
25.28
-0.02 (-0.1%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-07 2026-01-07/amc
Earnings (Next)05-05 2026-05-05/amc
Inst Owners15.21%
Inst Owner ChangeN/A
Ins Owners10.27%
Ins Owner ChangeN/A
Market Cap409.03M
Revenue(TTM)125.89M
Net Income(TTM)38.54M
Analysts67.69
Price Target25.58 (1.19%)
Short Float %0.01%
Short Ratio0.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.48% |
Yearly Dividend2.83
Dividend Growth(5Y)9.46%
DP134.05%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-13 2026-02-13 (0.5)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.13%
Min EPS beat(2)21.57%
Max EPS beat(2)22.68%
EPS beat(4)2
Avg EPS beat(4)-16.41%
Min EPS beat(4)-107.09%
Max EPS beat(4)22.68%
EPS beat(8)3
Avg EPS beat(8)-25.67%
EPS beat(12)4
Avg EPS beat(12)-31.12%
EPS beat(16)5
Avg EPS beat(16)-35.05%
Revenue beat(2)1
Avg Revenue beat(2)2.35%
Min Revenue beat(2)-1.85%
Max Revenue beat(2)6.55%
Revenue beat(4)2
Avg Revenue beat(4)2.22%
Min Revenue beat(4)-6.72%
Max Revenue beat(4)10.88%
Revenue beat(8)4
Avg Revenue beat(8)0.09%
Revenue beat(12)6
Avg Revenue beat(12)2.19%
Revenue beat(16)9
Avg Revenue beat(16)3.02%
PT rev (1m)-2.12%
PT rev (3m)-9.09%
EPS NQ rev (1m)-2.96%
EPS NQ rev (3m)-1.31%
EPS NY rev (1m)-3.94%
EPS NY rev (3m)-3.94%
Revenue NQ rev (1m)-1.71%
Revenue NQ rev (3m)-1.84%
Revenue NY rev (1m)0.37%
Revenue NY rev (3m)0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.36 | ||
| Fwd PE | 10.45 | ||
| P/S | 3.25 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.99 | ||
| P/tB | 0.99 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.44
EY9.65%
EPS(NY)2.42
Fwd EY9.57%
FCF(TTM)-0.96
FCFYN/A
OCF(TTM)-0.96
OCFYN/A
SpS7.78
BVpS25.54
TBVpS25.54
PEG (NY)0.28
PEG (5Y)N/A
Graham Number37.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.22% | ||
| ROE | 9.33% | ||
| ROCE | 3.15% | ||
| ROIC | 2.49% | ||
| ROICexc | 2.9% | ||
| ROICexgc | 2.91% | ||
| OM | 29.55% | ||
| PM (TTM) | 30.62% | ||
| GM | 37.43% | ||
| FCFM | N/A |
ROA(3y)1.8%
ROA(5y)2.62%
ROE(3y)5.56%
ROE(5y)6.88%
ROIC(3y)3.34%
ROIC(5y)3%
ROICexc(3y)3.72%
ROICexc(5y)3.29%
ROICexgc(3y)3.72%
ROICexgc(5y)3.29%
ROCE(3y)4.22%
ROCE(5y)3.8%
ROICexgc growth 3Y30.31%
ROICexgc growth 5Y10.28%
ROICexc growth 3Y30.28%
ROICexc growth 5Y10.29%
OM growth 3Y8.45%
OM growth 5Y5.8%
PM growth 3Y-33.67%
PM growth 5Y-27.68%
GM growth 3Y5.15%
GM growth 5Y4.57%
F-Score3
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.81 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 11.66 | ||
| Quick Ratio | 11.66 | ||
| Altman-Z | 0.65 |
F-Score3
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)-1.61%
EPS 3Y-20.24%
EPS 5Y-18.46%
EPS Q2Q%15.62%
EPS Next Y37.04%
EPS Next 2Y8.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-18.68%
Revenue growth 3Y28.14%
Revenue growth 5Y20.56%
Sales Q2Q%-2.34%
Revenue Next Year-15.48%
Revenue Next 2Y-7.89%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-35.76%
EBIT growth 3Y38.97%
EBIT growth 5Y27.55%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y85.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y85.07%
OCF growth 3YN/A
OCF growth 5YN/A
SARATOGA INVESTMENT CORP - SAR 8 10/31/27 / SAJ FAQ
Can you provide the ChartMill fundamental rating for SARATOGA INVESTMENT CORP - SAR 8 10/31/27?
ChartMill assigns a fundamental rating of 4 / 10 to SAJ.
Can you provide the valuation status for SARATOGA INVESTMENT CORP - SAR 8 10/31/27?
ChartMill assigns a valuation rating of 5 / 10 to SARATOGA INVESTMENT CORP - SAR 8 10/31/27 (SAJ). This can be considered as Fairly Valued.
How profitable is SARATOGA INVESTMENT CORP - SAR 8 10/31/27 (SAJ) stock?
SARATOGA INVESTMENT CORP - SAR 8 10/31/27 (SAJ) has a profitability rating of 3 / 10.
What is the expected EPS growth for SARATOGA INVESTMENT CORP - SAR 8 10/31/27 (SAJ) stock?
The Earnings per Share (EPS) of SARATOGA INVESTMENT CORP - SAR 8 10/31/27 (SAJ) is expected to grow by 37.04% in the next year.
Can you provide the dividend sustainability for SAJ stock?
The dividend rating of SARATOGA INVESTMENT CORP - SAR 8 10/31/27 (SAJ) is 5 / 10 and the dividend payout ratio is 134.05%.