SAT Fundamental Analysis - SARATOGA INVESTMENT CORP - SAR 6 04/30/27

Fundamental Rating

We assign a fundamental rating of 4 out of 10 to SAT. SAT was compared to 238 industry peers in the Capital Markets industry. SAT scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. SAT has a correct valuation and a medium growth rate.

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1. Profitability

1.1 Basic Checks

In the past year SAT was profitable.
SAT had a negative operating cash flow in the past year.
In the past 5 years SAT has always been profitable.
In the past 5 years SAT reported 4 times negative operating cash flow.

1.2 Ratios

SAT has a Return On Assets (3.22%) which is in line with its industry peers.
SAT has a Return On Equity of 9.33%. This is comparable to the rest of the industry: SAT outperforms 56.72% of its industry peers.
SAT has a worse Return On Invested Capital (2.49%) than 60.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SAT is below the industry average of 7.27%.

		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

The Profit Margin of SAT (30.62%) is better than 76.05% of its industry peers.
In the last couple of years the Profit Margin of SAT has declined.
Looking at the Operating Margin, with a value of 29.55%, SAT is in line with its industry, outperforming 59.24% of the companies in the same industry.
SAT's Operating Margin has improved in the last couple of years.
SAT's Gross Margin of 37.43% is on the low side compared to the rest of the industry. SAT is outperformed by 60.92% of its industry peers.
In the last couple of years the Gross Margin of SAT has grown nicely.

		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%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The number of shares outstanding for SAT has been increased compared to 1 year ago.
SAT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for SAT has been reduced compared to a year ago.

2.2 Solvency

Based on the Altman-Z score of 0.64, we must say that SAT is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SAT (0.64) is comparable to the rest of the industry.
SAT has a Debt/Equity ratio of 1.87. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.87, SAT is not doing good in the industry: 77.73% of the companies in the same industry are doing better.

		Industry Rank	Sector Rank
Debt/Equity	1.87
Debt/FCF	N/A
Altman-Z	0.64

ROIC/WACCN/A

WACCN/A

2.3 Liquidity

A Current Ratio of 11.66 indicates that SAT has no problem at all paying its short term obligations.
The Current ratio of SAT (11.66) is better than 92.86% of its industry peers.
SAT has a Quick Ratio of 11.66. This indicates that SAT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 11.66, SAT belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	11.66
Quick Ratio	11.66

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

SAT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 187.32%, which is quite impressive.
Measured over the past years, SAT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -18.46% on average per year.
Looking at the last year, SAT shows a very negative growth in Revenue. The Revenue has decreased by -18.68% in the last year.
Measured over the past years, SAT shows a very strong growth in Revenue. The Revenue has been growing by 20.56% on average per year.

EPS 1Y (TTM)187.32%

EPS 3Y-20.24%

EPS 5Y-18.46%

EPS Q2Q%16.26%

Revenue 1Y (TTM)-18.68%

Revenue growth 3Y28.14%

Revenue growth 5Y20.56%

Sales Q2Q%-2.34%

3.2 Future

Based on estimates for the next years, SAT will show a small growth in Earnings Per Share. The EPS will grow by 7.43% on average per year.
SAT is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -7.61% yearly.

EPS Next Y42.66%

EPS Next 2Y7.43%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year-15.8%

Revenue Next 2Y-7.61%

Revenue Next 3YN/A

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 accelerating.
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.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 12.22 indicates a correct valuation of SAT.
Based on the Price/Earnings ratio, SAT is valued a bit cheaper than 61.34% of the companies in the same industry.
SAT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.94.
A Price/Forward Earnings ratio of 10.59 indicates a reasonable valuation of SAT.
Based on the Price/Forward Earnings ratio, SAT is valued a bit cheaper than 72.69% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of SAT to the average of the S&P500 Index (23.94), we can say SAT is valued rather cheaply.

		Industry Rank	Sector Rank
PE	12.22
Fwd PE	10.59

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

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)0.29

PEG (5Y)N/A

EPS Next 2Y7.43%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 12.48%, SAT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.10, SAT pays a better dividend. On top of this SAT pays more dividend than 81.93% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.83, SAT pays a better dividend.

		Industry Rank	Sector Rank
Dividend Yield	12.48%

5.2 History

The dividend of SAT is nicely growing with an annual growth rate of 9.46%!
SAT 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 Years1

Div Non Decr Years1

5.3 Sustainability

SAT pays out 134.05% of its income as dividend. This is not a sustainable payout ratio.
SAT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.

DP134.05%

EPS Next 2Y7.43%

EPS Next 3YN/A

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SARATOGA INVESTMENT CORP - SAR 6 04/30/27

NYSE:SAT (1/20/2026, 4:15:00 PM)

24.93

0 (0%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupFinancial Services

GICS IndustryCapital Markets

Earnings (Last)01-06 2026-01-06/amc

Earnings (Next)05-05 2026-05-05/amc

Inst Owners15.21%

Inst Owner ChangeN/A

Ins Owners10.27%

Ins Owner ChangeN/A

Market Cap401.37M

Revenue(TTM)125.89M

Net Income(TTM)38.54M

Analysts67.69

Price Target25.53 (2.41%)

Short Float %0.02%

Short Ratio0.6

Dividend

		Industry Rank	Sector Rank
Dividend Yield	12.48%

Yearly Dividend2.83

Dividend Growth(5Y)9.46%

DP134.05%

Div Incr Years1

Div Non Decr Years1

Ex-Date02-13 2026-02-13 (0.375)

Surprises & Revisions

EPS beat(2)N/A

Avg EPS beat(2)N/A

Min EPS beat(2)N/A

Max EPS beat(2)N/A

EPS beat(4)N/A

Avg EPS beat(4)N/A

Min EPS beat(4)N/A

Max EPS beat(4)N/A

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)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)-1.9%

PT rev (3m)0.3%

EPS NQ rev (1m)2.11%

EPS NQ rev (3m)-3.49%

EPS NY rev (1m)0%

EPS NY rev (3m)1.92%

Revenue NQ rev (1m)0.57%

Revenue NQ rev (3m)-0.22%

Revenue NY rev (1m)0.35%

Revenue NY rev (3m)-1.06%

Valuation

		Industry Rank	Sector Rank
PE	12.22
Fwd PE	10.59
P/S	3.19
P/FCF	N/A
P/OCF	N/A
P/B	0.97
P/tB	0.97
EV/EBITDA	N/A

EPS(TTM)2.04

EY8.18%

EPS(NY)2.35

Fwd EY9.44%

FCF(TTM)-0.96

FCFYN/A

OCF(TTM)-0.96

OCFYN/A

SpS7.82

BVpS25.67

TBVpS25.67

PEG (NY)0.29

PEG (5Y)N/A

Graham Number34.32

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	0.64

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)187.32%

EPS 3Y-20.24%

EPS 5Y-18.46%

EPS Q2Q%16.26%

EPS Next Y42.66%

EPS Next 2Y7.43%

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-15.8%

Revenue Next 2Y-7.61%

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 6 04/30/27 / SAT FAQ

What is the fundamental rating for SAT stock?

ChartMill assigns a fundamental rating of 4 / 10 to SAT.

Can you provide the valuation status for SARATOGA INVESTMENT CORP - SAR 6 04/30/27?

ChartMill assigns a valuation rating of 5 / 10 to SARATOGA INVESTMENT CORP - SAR 6 04/30/27 (SAT). This can be considered as Fairly Valued.

What is the profitability of SAT stock?

SARATOGA INVESTMENT CORP - SAR 6 04/30/27 (SAT) has a profitability rating of 3 / 10.

Can you provide the PE and PB ratios for SAT stock?

The Price/Earnings (PE) ratio for SARATOGA INVESTMENT CORP - SAR 6 04/30/27 (SAT) is 12.22 and the Price/Book (PB) ratio is 0.97.

Is the dividend of SARATOGA INVESTMENT CORP - SAR 6 04/30/27 sustainable?

The dividend rating of SARATOGA INVESTMENT CORP - SAR 6 04/30/27 (SAT) is 5 / 10 and the dividend payout ratio is 134.05%.

SARATOGA INVESTMENT CORP - SAR 6 04/30/27 (SAT) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens

SARATOGA INVESTMENT CORP - SAR 6 04/30/27 / SAT FAQ

What is the fundamental rating for SAT stock?

Can you provide the valuation status for SARATOGA INVESTMENT CORP - SAR 6 04/30/27?

What is the profitability of SAT stock?

Can you provide the PE and PB ratios for SAT stock?

Is the dividend of SARATOGA INVESTMENT CORP - SAR 6 04/30/27 sustainable?