SARATOGA INVESTMENT CORP - SAR 8 10/31/27 (SAJ) Fundamental Analysis & Valuation

NYSE:SAJ • US80349A8852

Current stock price

25.59 USD
+0.31 (+1.23%)
Last:

This SAJ fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. SAJ Profitability Analysis

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.
  • In the past 5 years SAJ reported 4 times negative operating cash flow.
SAJ Yearly Net Income VS EBIT VS OCF VS FCFSAJ Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M

1.2 Ratios

  • SAJ has a Return On Assets (3.22%) which is comparable to the rest of the industry.
  • SAJ has a Return On Equity of 9.33%. This is comparable to the rest of the industry: SAJ outperforms 59.00% of its industry peers.
  • SAJ's Return On Invested Capital of 2.49% is on the low side compared to the rest of the industry. SAJ is outperformed by 62.34% 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 7.28%.
Industry RankSector 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%
SAJ Yearly ROA, ROE, ROICSAJ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • With a decent Profit Margin value of 30.62%, SAJ is doing good in the industry, outperforming 74.90% 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 56.90% of its industry peers.
  • SAJ's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 37.43%, SAJ is not doing good in the industry: 62.34% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of SAJ has grown nicely.
Industry RankSector 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%
SAJ Yearly Profit, Operating, Gross MarginsSAJ Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. SAJ Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, SAJ has more shares outstanding
  • The number of shares outstanding for SAJ has been increased compared to 5 years ago.
  • SAJ has a better debt/assets ratio than last year.
SAJ Yearly Shares OutstandingSAJ Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M
SAJ Yearly Total Debt VS Total AssetsSAJ Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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.
  • The Altman-Z score of SAJ (0.65) is comparable to the rest of the industry.
  • SAJ has a Debt/Equity ratio of 1.87. This is a high value indicating a heavy dependency on external financing.
  • SAJ has a worse Debt to Equity ratio (1.87) than 78.66% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.87
Debt/FCF N/A
Altman-Z 0.65
ROIC/WACCN/A
WACCN/A
SAJ Yearly LT Debt VS Equity VS FCFSAJ Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 11.66 indicates that SAJ has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 11.66, SAJ belongs to the best of the industry, outperforming 93.72% of the companies in the same industry.
  • A Quick Ratio of 11.66 indicates that SAJ has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 11.66, SAJ belongs to the best of the industry, outperforming 93.72% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 11.66
Quick Ratio 11.66
SAJ Yearly Current Assets VS Current LiabilitesSAJ Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. SAJ Growth Analysis

3.1 Past

  • The earnings per share for SAJ have decreased by -1.61% in the last year.
  • The earnings per share for SAJ have been decreasing by -18.46% on average. This is quite bad
  • Looking at the last year, SAJ shows a very negative growth in Revenue. The Revenue has decreased by -18.68% in the last year.
  • SAJ shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.56% yearly.
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

  • SAJ is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.28% yearly.
  • SAJ is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -8.28% yearly.
EPS Next Y37.04%
EPS Next 2Y8.28%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-16.21%
Revenue Next 2Y-8.28%
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.
SAJ Yearly Revenue VS EstimatesSAJ Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
SAJ Yearly EPS VS EstimatesSAJ Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4 5

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5

4. SAJ Valuation Analysis

4.1 Price/Earnings Ratio

  • SAJ is valuated reasonably with a Price/Earnings ratio of 10.49.
  • 62.34% of the companies in the same industry are more expensive than SAJ, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 24.88, SAJ is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 10.70, the valuation of SAJ can be described as reasonable.
  • 62.76% of the companies in the same industry are more expensive than SAJ, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 22.19. SAJ is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.49
Fwd PE 10.7
SAJ Price Earnings VS Forward Price EarningsSAJ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SAJ Per share dataSAJ EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20 25

4.3 Compensation for Growth

  • The 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 2Y8.28%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. SAJ Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 12.48%, SAJ is a good candidate for dividend investing.
  • SAJ's Dividend Yield is a higher than the industry average which is at 6.76.
  • SAJ's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector 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 been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)9.46%
Div Incr Years0
Div Non Decr Years0
SAJ Yearly Dividends per shareSAJ Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 134.05% of the earnings are spent on dividend by SAJ. 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 2Y8.28%
EPS Next 3YN/A
SAJ Yearly Income VS Free CF VS DividendSAJ Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M
SAJ Dividend Payout.SAJ Dividend Payout, showing the Payout Ratio.SAJ Dividend Payout.PayoutRetained Earnings

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SAJ Fundamentals: All Metrics, Ratios and Statistics

SARATOGA INVESTMENT CORP - SAR 8 10/31/27

NYSE:SAJ (3/27/2026, 8:04:00 PM)

25.59

+0.31 (+1.23%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-07
Earnings (Next)05-05
Inst Owners13.87%
Inst Owner ChangeN/A
Ins Owners10.21%
Ins Owner ChangeN/A
Market Cap415.07M
Revenue(TTM)125.89M
Net Income(TTM)38.54M
Analysts68.33
Price Target26.28 (2.7%)
Short Float %0%
Short Ratio0.11
Dividend
Industry RankSector 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
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)0%
PT rev (3m)0.28%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.92%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.94%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.3%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.14%
Valuation
Industry RankSector Rank
PE 10.49
Fwd PE 10.7
P/S 3.3
P/FCF N/A
P/OCF N/A
P/B 1
P/tB 1
EV/EBITDA N/A
EPS(TTM)2.44
EY9.53%
EPS(NY)2.39
Fwd EY9.35%
FCF(TTM)-0.96
FCFYN/A
OCF(TTM)-0.96
OCFYN/A
SpS7.76
BVpS25.48
TBVpS25.48
PEG (NY)0.28
PEG (5Y)N/A
Graham Number37.4
Profitability
Industry RankSector 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 RankSector 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 2Y8.28%
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-16.21%
Revenue Next 2Y-8.28%
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 Fundamental Analysis 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%.