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

Q: What is the fundamental rating for SAT stock?

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

NYSE:SAT • US80349A8027

25 USD

+0.1 (+0.4%)

Last: Apr 21, 2026, 04:10 PM

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

1. SAT Profitability Analysis

1.1 Basic Checks

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

1.2 Ratios

SAT has a Return On Assets of 3.22%. This is comparable to the rest of the industry: SAT outperforms 55.00% of its industry peers.
SAT has a Return On Equity (9.33%) which is in line with its industry peers.
SAT has a worse Return On Invested Capital (2.49%) than 62.08% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SAT is below the industry average of 7.28%.

		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 75.83% of its industry peers.
SAT's Profit Margin has declined in the last couple of years.
SAT has a Operating Margin (29.55%) which is in line with its industry peers.
SAT's Operating Margin has improved in the last couple of years.
The Gross Margin of SAT (37.43%) is worse than 61.25% 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%

More info and screens

ROA ROE ROIC Operating and Profit Margin Show most profitable peers

2. SAT Health Analysis

2.1 Basic Checks

Compared to 1 year ago, SAT has more shares outstanding
The number of shares outstanding for SAT has been increased compared to 5 years ago.
SAT has a better debt/assets ratio than last year.

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.
SAT has a Altman-Z score (0.64) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.87 is on the high side and indicates that SAT has dependencies on debt financing.
SAT has a Debt to Equity ratio of 1.87. This is in the lower half of the industry: SAT underperforms 77.92% of its industry peers.

		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.
SAT's Current ratio of 11.66 is amongst the best of the industry. SAT outperforms 94.58% of its industry peers.
A Quick Ratio of 11.66 indicates that SAT has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 11.66, SAT belongs to the best of the industry, outperforming 94.58% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	11.66
Quick Ratio	11.66

More info and screens

WACC Debt/Equity How to determine the health of a company Altman-Z score Show peers with great health

3. SAT Growth Analysis

3.1 Past

The earnings per share for SAT have decreased by -1.61% in the last year.
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)-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

Based on estimates for the next years, SAT will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.28% on average per year.
SAT 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.

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4. SAT Valuation Analysis

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 10.25, which indicates a very decent valuation of SAT.
Based on the Price/Earnings ratio, SAT is valued a bit cheaper than the industry average as 67.08% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.95, SAT is valued rather cheaply.
A Price/Forward Earnings ratio of 10.45 indicates a reasonable valuation of SAT.
SAT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SAT is cheaper than 69.17% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 38.68, SAT is valued rather cheaply.

		Industry Rank	Sector Rank
PE	10.25
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

SAT'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 2Y8.28%

EPS Next 3YN/A

More info and screens

Price/Earnings Price/FCF FCF per share EV/EBITDA PEG RATIO Show best valued peers

5. SAT Dividend Analysis

5.1 Amount

With a Yearly Dividend Yield of 12.48%, SAT is a good candidate for dividend investing.
SAT's Dividend Yield is a higher than the industry average which is at 6.47.
SAT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.

		Industry Rank	Sector Rank
Dividend Yield	12.48%

5.2 History

On average, the dividend of SAT grows each year by 9.46%, which is quite nice.
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 Years0

Div Non Decr Years0

5.3 Sustainability

134.05% of the earnings are spent on dividend by SAT. This is not a sustainable payout ratio.
The dividend of SAT 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

More info and screens

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SAT Fundamentals: All Metrics, Ratios and Statistics

SARATOGA INVESTMENT CORP - SAR 6 04/30/27

NYSE:SAT (4/21/2026, 4:10:00 PM)

+0.1 (+0.4%)

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 Owners13.2%

Inst Owner ChangeN/A

Ins Owners10.18%

Ins Owner ChangeN/A

Market Cap405.50M

Revenue(TTM)125.89M

Net Income(TTM)38.54M

Analysts68.33

Price Target26.29 (5.16%)

Short Float %0.01%

Short Ratio0.08

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-Date05-15 2026-05-15 (0.375)

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)2.84%

PT rev (3m)2.97%

EPS NQ rev (1m)0%

EPS NQ rev (3m)-2.96%

EPS NY rev (1m)0%

EPS NY rev (3m)-3.94%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)-1.71%

Revenue NY rev (1m)0%

Revenue NY rev (3m)-0.49%

Valuation

		Industry Rank	Sector Rank
PE	10.25
Fwd PE	10.45
P/S	3.22
P/FCF	N/A
P/OCF	N/A
P/B	0.98
P/tB	0.98
EV/EBITDA	N/A

EPS(TTM)2.44

EY9.76%

EPS(NY)2.39

Fwd EY9.57%

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 Number37.3977 (49.59%)

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)-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 6 04/30/27 / SAT Fundamental Analysis 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.

How profitable is SARATOGA INVESTMENT CORP - SAR 6 04/30/27 (SAT) stock?

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

How financially healthy is SARATOGA INVESTMENT CORP - SAR 6 04/30/27?

The financial health rating of SARATOGA INVESTMENT CORP - SAR 6 04/30/27 (SAT) is 4 / 10.

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%.