SARATOGA INVESTMENT CORP - SAR 8 1/2 04/15/28 (SAZ) Fundamental Analysis & Valuation

NYSE:SAZ • US80349A8696

Current stock price

25.33 USD
+0.03 (+0.12%)
Last:

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

3

1. SAZ Profitability Analysis

1.1 Basic Checks

  • SAZ had positive earnings in the past year.
  • SAZ had a negative operating cash flow in the past year.
  • In the past 5 years SAZ has always been profitable.
  • SAZ had negative operating cash flow in 4 of the past 5 years.
SAZ Yearly Net Income VS EBIT VS OCF VS FCFSAZ 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

  • SAZ's Return On Assets of 3.22% is in line compared to the rest of the industry. SAZ outperforms 54.17% of its industry peers.
  • SAZ has a Return On Equity (9.33%) which is in line with its industry peers.
  • SAZ's Return On Invested Capital of 2.49% is on the low side compared to the rest of the industry. SAZ is outperformed by 62.50% of its industry peers.
  • SAZ had an Average Return On Invested Capital over the past 3 years of 3.34%. This is below the industry average of 7.25%.
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%
SAZ Yearly ROA, ROE, ROICSAZ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • SAZ's Profit Margin of 30.62% is fine compared to the rest of the industry. SAZ outperforms 75.00% of its industry peers.
  • SAZ's Profit Margin has declined in the last couple of years.
  • The Operating Margin of SAZ (29.55%) is comparable to the rest of the industry.
  • SAZ's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 37.43%, SAZ is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of SAZ 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%
SAZ Yearly Profit, Operating, Gross MarginsSAZ 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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4

2. SAZ Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for SAZ has been increased compared to 1 year ago.
  • Compared to 5 years ago, SAZ has more shares outstanding
  • The debt/assets ratio for SAZ has been reduced compared to a year ago.
SAZ Yearly Shares OutstandingSAZ Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M
SAZ Yearly Total Debt VS Total AssetsSAZ 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 SAZ is in the distress zone and has some risk of bankruptcy.
  • SAZ has a Altman-Z score (0.65) which is comparable to the rest of the industry.
  • SAZ has a Debt/Equity ratio of 1.87. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of SAZ (1.87) is worse than 79.17% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.87
Debt/FCF N/A
Altman-Z 0.65
ROIC/WACCN/A
WACCN/A
SAZ Yearly LT Debt VS Equity VS FCFSAZ 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 SAZ has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 11.66, SAZ belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
  • A Quick Ratio of 11.66 indicates that SAZ has no problem at all paying its short term obligations.
  • SAZ's Quick ratio of 11.66 is amongst the best of the industry. SAZ outperforms 93.75% of its industry peers.
Industry RankSector Rank
Current Ratio 11.66
Quick Ratio 11.66
SAZ Yearly Current Assets VS Current LiabilitesSAZ 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. SAZ Growth Analysis

3.1 Past

  • SAZ 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, SAZ 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, SAZ shows a very negative growth in Revenue. The Revenue has decreased by -18.68% 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)-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

  • SAZ is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.28% yearly.
  • Based on estimates for the next years, SAZ will show a decrease in Revenue. The Revenue will decrease by -8.28% on average per year.
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

  • 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.
SAZ Yearly Revenue VS EstimatesSAZ Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
SAZ Yearly EPS VS EstimatesSAZ 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. SAZ Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 10.38, the valuation of SAZ can be described as reasonable.
  • SAZ's Price/Earnings ratio is a bit cheaper when compared to the industry. SAZ is cheaper than 62.08% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of SAZ to the average of the S&P500 Index (24.75), we can say SAZ is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 10.59, the valuation of SAZ can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, SAZ is valued a bit cheaper than 62.50% of the companies in the same industry.
  • SAZ is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.38
Fwd PE 10.59
SAZ Price Earnings VS Forward Price EarningsSAZ 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
SAZ Per share dataSAZ 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. SAZ Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 12.48%, SAZ is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 6.85, SAZ pays a bit more dividend than its industry peers.
  • SAZ'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 SAZ grows each year by 9.46%, which is quite nice.
  • SAZ 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
SAZ Yearly Dividends per shareSAZ Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • SAZ pays out 134.05% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of SAZ 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
SAZ Yearly Income VS Free CF VS DividendSAZ 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
SAZ Dividend Payout.SAZ Dividend Payout, showing the Payout Ratio.SAZ Dividend Payout.PayoutRetained Earnings

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SAZ Fundamentals: All Metrics, Ratios and Statistics

SARATOGA INVESTMENT CORP - SAR 8 1/2 04/15/28

NYSE:SAZ (3/31/2026, 1:18:51 PM)

25.33

+0.03 (+0.12%)

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 Cap410.85M
Revenue(TTM)125.89M
Net Income(TTM)38.54M
Analysts68.33
Price Target26.24 (3.59%)
Short Float %0%
Short Ratio0.04
Dividend
Industry RankSector 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
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 10.38
Fwd PE 10.59
P/S 3.26
P/FCF N/A
P/OCF N/A
P/B 0.99
P/tB 0.99
EV/EBITDA N/A
EPS(TTM)2.44
EY9.63%
EPS(NY)2.39
Fwd EY9.44%
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 1/2 04/15/28 / SAZ Fundamental Analysis FAQ

What is the ChartMill fundamental rating of SARATOGA INVESTMENT CORP - SAR 8 1/2 04/15/28 (SAZ) stock?

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


What is the valuation status for SAZ stock?

ChartMill assigns a valuation rating of 5 / 10 to SARATOGA INVESTMENT CORP - SAR 8 1/2 04/15/28 (SAZ). This can be considered as Fairly Valued.


How profitable is SARATOGA INVESTMENT CORP - SAR 8 1/2 04/15/28 (SAZ) stock?

SARATOGA INVESTMENT CORP - SAR 8 1/2 04/15/28 (SAZ) has a profitability rating of 3 / 10.


What is the financial health of SARATOGA INVESTMENT CORP - SAR 8 1/2 04/15/28 (SAZ) stock?

The financial health rating of SARATOGA INVESTMENT CORP - SAR 8 1/2 04/15/28 (SAZ) is 4 / 10.


How sustainable is the dividend of SARATOGA INVESTMENT CORP - SAR 8 1/2 04/15/28 (SAZ) stock?

The dividend rating of SARATOGA INVESTMENT CORP - SAR 8 1/2 04/15/28 (SAZ) is 5 / 10 and the dividend payout ratio is 134.05%.