SARATOGA INVESTMENT CORP - SAR 8 1/8 12/31/27 (SAY) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SAY - US80349A8779
25.28 USD
-0.04 (-0.15%)
Overall SAY gets a fundamental rating of 5 out of 10. We evaluated SAY against 238 industry peers in the Capital Markets industry. SAY has only an average score on both its financial health and profitability. SAY has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
SAY had positive earnings in the past year.
SAY had a positive operating cash flow in the past year.
Each year in the past 5 years SAY has been profitable.
SAY had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of SAY (2.93%) is comparable to the rest of the industry.
SAY's Return On Equity of 8.62% is in line compared to the rest of the industry. SAY outperforms 51.68% of its industry peers.
SAY has a worse Return On Invested Capital (2.66%) than 60.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SAY is below the industry average of 7.00%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.93% | ||
| ROE | 8.62% | ||
| ROIC | 2.66% |
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
SAY has a Profit Margin of 27.19%. This is in the better half of the industry: SAY outperforms 69.75% of its industry peers.
SAY's Profit Margin has declined in the last couple of years.
The Operating Margin of SAY (30.81%) is better than 60.08% of its industry peers.
SAY's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 38.25%, SAY is in line with its industry, outperforming 42.02% of the companies in the same industry.
SAY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.81% | ||
| PM (TTM) | 27.19% | ||
| GM | 38.25% |
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
Compared to 1 year ago, SAY has more shares outstanding
Compared to 5 years ago, SAY has more shares outstanding
SAY has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.68, we must say that SAY is in the distress zone and has some risk of bankruptcy.
SAY has a Altman-Z score (0.68) which is in line with its industry peers.
The Debt to FCF ratio of SAY is 9.02, which is on the high side as it means it would take SAY, 9.02 years of fcf income to pay off all of its debts.
SAY's Debt to FCF ratio of 9.02 is fine compared to the rest of the industry. SAY outperforms 61.76% of its industry peers.
A Debt/Equity ratio of 1.92 is on the high side and indicates that SAY has dependencies on debt financing.
The Debt to Equity ratio of SAY (1.92) is worse than 79.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.92 | ||
| Debt/FCF | 9.02 | ||
| Altman-Z | 0.68 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
SAY has a Current Ratio of 14.01. This indicates that SAY is financially healthy and has no problem in meeting its short term obligations.
SAY has a Current ratio of 14.01. This is amongst the best in the industry. SAY outperforms 94.12% of its industry peers.
SAY has a Quick Ratio of 14.01. This indicates that SAY is financially healthy and has no problem in meeting its short term obligations.
SAY has a Quick ratio of 14.01. This is amongst the best in the industry. SAY outperforms 94.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 14.01 | ||
| Quick Ratio | 14.01 |
3. Growth
3.1 Past
SAY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 52.94%, which is quite impressive.
The earnings per share for SAY have been decreasing by -18.46% on average. This is quite bad
Looking at the last year, SAY shows a very negative growth in Revenue. The Revenue has decreased by -16.19% in the last year.
The Revenue has been growing by 20.56% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)52.94%
EPS 3Y-20.24%
EPS 5Y-18.46%
EPS Q2Q%-13.4%
Revenue 1Y (TTM)-16.19%
Revenue growth 3Y28.14%
Revenue growth 5Y20.56%
Sales Q2Q%-19.96%
3.2 Future
Based on estimates for the next years, SAY will show a small growth in Earnings Per Share. The EPS will grow by 7.43% on average per year.
The Revenue is expected to decrease by -7.81% on average over the next years.
EPS Next Y42.66%
EPS Next 2Y7.43%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-16.09%
Revenue Next 2Y-7.81%
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
With a Price/Earnings ratio of 10.80, the valuation of SAY can be described as very reasonable.
SAY's Price/Earnings ratio is a bit cheaper when compared to the industry. SAY is cheaper than 67.23% of the companies in the same industry.
SAY's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.39.
Based on the Price/Forward Earnings ratio of 10.74, the valuation of SAY can be described as reasonable.
Based on the Price/Forward Earnings ratio, SAY is valued a bit cheaper than the industry average as 66.81% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.84, SAY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.8 | ||
| Fwd PE | 10.74 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SAY is valued cheaper than 84.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.67 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
SAY's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y7.43%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 12.48%, SAY is a good candidate for dividend investing.
SAY's Dividend Yield is a higher than the industry average which is at 6.43.
Compared to an average S&P500 Dividend Yield of 1.87, SAY pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.48% |
5.2 History
The dividend of SAY is nicely growing with an annual growth rate of 9.46%!
SAY has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)9.46%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
140.84% of the earnings are spent on dividend by SAY. This is not a sustainable payout ratio.
The dividend of SAY is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP140.84%
EPS Next 2Y7.43%
EPS Next 3YN/A
SARATOGA INVESTMENT CORP - SAR 8 1/8 12/31/27
NYSE:SAY (12/19/2025, 8:15:15 PM)
25.28
-0.04 (-0.15%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners15.23%
Inst Owner ChangeN/A
Ins Owners10.35%
Ins Owner ChangeN/A
Market Cap407.01M
Revenue(TTM)130.12M
Net Income(TTM)35.38M
Analysts67.69
Price Target26.46 (4.67%)
Short Float %0%
Short Ratio0.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.48% |
Yearly Dividend2.83
Dividend Growth(5Y)9.46%
DP140.84%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.38%
Min EPS beat(2)-2.81%
Max EPS beat(2)21.57%
EPS beat(4)1
Avg EPS beat(4)-30.27%
Min EPS beat(4)-107.09%
Max EPS beat(4)21.57%
EPS beat(8)2
Avg EPS beat(8)-44.73%
EPS beat(12)3
Avg EPS beat(12)-34.53%
EPS beat(16)5
Avg EPS beat(16)-34.41%
Revenue beat(2)2
Avg Revenue beat(2)8.71%
Min Revenue beat(2)6.55%
Max Revenue beat(2)10.88%
Revenue beat(4)2
Avg Revenue beat(4)0.43%
Min Revenue beat(4)-9%
Max Revenue beat(4)10.88%
Revenue beat(8)4
Avg Revenue beat(8)0.29%
Revenue beat(12)7
Avg Revenue beat(12)3.21%
Revenue beat(16)9
Avg Revenue beat(16)2.81%
PT rev (1m)-5.6%
PT rev (3m)2.36%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.42%
EPS NY rev (1m)0%
EPS NY rev (3m)1.92%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.64%
Revenue NY rev (1m)-0.35%
Revenue NY rev (3m)-1.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.8 | ||
| Fwd PE | 10.74 | ||
| P/S | 3.13 | ||
| P/FCF | 4.67 | ||
| P/OCF | 4.67 | ||
| P/B | 0.99 | ||
| P/tB | 0.99 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.34
EY9.26%
EPS(NY)2.35
Fwd EY9.31%
FCF(TTM)5.42
FCFY21.43%
OCF(TTM)5.42
OCFY21.43%
SpS8.08
BVpS25.5
TBVpS25.5
PEG (NY)0.25
PEG (5Y)N/A
Graham Number36.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.93% | ||
| ROE | 8.62% | ||
| ROCE | 3.36% | ||
| ROIC | 2.66% | ||
| ROICexc | 3.2% | ||
| ROICexgc | 3.2% | ||
| OM | 30.81% | ||
| PM (TTM) | 27.19% | ||
| GM | 38.25% | ||
| FCFM | 67.04% |
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-Score6
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.92 | ||
| Debt/FCF | 9.02 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.86 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 246.59% | ||
| Current Ratio | 14.01 | ||
| Quick Ratio | 14.01 | ||
| Altman-Z | 0.68 |
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)52.94%
EPS 3Y-20.24%
EPS 5Y-18.46%
EPS Q2Q%-13.4%
EPS Next Y42.66%
EPS Next 2Y7.43%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-16.19%
Revenue growth 3Y28.14%
Revenue growth 5Y20.56%
Sales Q2Q%-19.96%
Revenue Next Year-16.09%
Revenue Next 2Y-7.81%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-32.99%
EBIT growth 3Y38.97%
EBIT growth 5Y27.55%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y180.85%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y180.85%
OCF growth 3YN/A
OCF growth 5YN/A
SARATOGA INVESTMENT CORP - SAR 8 1/8 12/31/27 / SAY FAQ
What is the fundamental rating for SAY stock?
ChartMill assigns a fundamental rating of 5 / 10 to SAY.
Can you provide the valuation status for SARATOGA INVESTMENT CORP - SAR 8 1/8 12/31/27?
ChartMill assigns a valuation rating of 6 / 10 to SARATOGA INVESTMENT CORP - SAR 8 1/8 12/31/27 (SAY). This can be considered as Fairly Valued.
What is the profitability of SAY stock?
SARATOGA INVESTMENT CORP - SAR 8 1/8 12/31/27 (SAY) has a profitability rating of 4 / 10.
Can you provide the PE and PB ratios for SAY stock?
The Price/Earnings (PE) ratio for SARATOGA INVESTMENT CORP - SAR 8 1/8 12/31/27 (SAY) is 10.8 and the Price/Book (PB) ratio is 0.99.
Is the dividend of SARATOGA INVESTMENT CORP - SAR 8 1/8 12/31/27 sustainable?
The dividend rating of SARATOGA INVESTMENT CORP - SAR 8 1/8 12/31/27 (SAY) is 5 / 10 and the dividend payout ratio is 140.84%.