SILVER SPIKE INVESTMENT CORP (SSIC) Fundamental Analysis & Valuation

NASDAQ:SSIC • US8281741020

10.735 USD
+0.09 (+0.89%)
Last: Oct 1, 2024, 08:00 PM
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This SSIC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

SSIC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 242 industry peers in the Capital Markets industry. SSIC has an excellent financial health rating, but there are some minor concerns on its profitability. SSIC is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. SSIC Profitability Analysis

1.1 Basic Checks

  • In the past year SSIC was profitable.
  • SSIC had a positive operating cash flow in the past year.
SSIC Yearly Net Income VS EBIT VS OCF VS FCFSSIC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 0 2M 4M 6M

1.2 Ratios

  • SSIC has a better Return On Assets (6.20%) than 72.35% of its industry peers.
  • SSIC's Return On Equity of 6.63% is on the low side compared to the rest of the industry. SSIC is outperformed by 60.83% of its industry peers.
  • With a decent Return On Invested Capital value of 7.64%, SSIC is doing good in the industry, outperforming 79.26% of the companies in the same industry.
Industry RankSector Rank
ROA 6.2%
ROE 6.63%
ROIC 7.64%
ROA(3y)-16.5%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SSIC Yearly ROA, ROE, ROICSSIC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 0 50 -50

1.3 Margins

  • SSIC has a better Profit Margin (44.95%) than 85.25% of its industry peers.
  • Looking at the Operating Margin, with a value of 65.64%, SSIC belongs to the top of the industry, outperforming 96.31% of the companies in the same industry.
  • SSIC's Gross Margin of 79.80% is amongst the best of the industry. SSIC outperforms 82.03% of its industry peers.
Industry RankSector Rank
OM 65.64%
PM (TTM) 44.95%
GM 79.8%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
SSIC Yearly Profit, Operating, Gross MarginsSSIC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 0 -1K -2K -3K -4K -5K

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9

2. SSIC Health Analysis

2.1 Basic Checks

  • SSIC has about the same amout of shares outstanding than it did 1 year ago.
  • There is no outstanding debt for SSIC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
SSIC Yearly Shares OutstandingSSIC Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2M 4M 6M
SSIC Yearly Total Debt VS Total AssetsSSIC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 20M 40M 60M 80M

2.2 Solvency

  • An Altman-Z score of 26.09 indicates that SSIC is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 26.09, SSIC belongs to the top of the industry, outperforming 99.54% of the companies in the same industry.
  • There is no outstanding debt for SSIC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 26.09
ROIC/WACCN/A
WACCN/A
SSIC Yearly LT Debt VS Equity VS FCFSSIC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 0 20M 40M 60M 80M

2.3 Liquidity

  • SSIC has a Current Ratio of 6.23. This indicates that SSIC is financially healthy and has no problem in meeting its short term obligations.
  • SSIC has a Current ratio of 6.23. This is amongst the best in the industry. SSIC outperforms 86.64% of its industry peers.
  • SSIC has a Quick Ratio of 6.23. This indicates that SSIC is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Quick ratio value of 6.23, SSIC belongs to the best of the industry, outperforming 86.64% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 6.23
Quick Ratio 6.23
SSIC Yearly Current Assets VS Current LiabilitesSSIC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 20M 40M 60M 80M

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

3

3. SSIC Growth Analysis

3.1 Past

  • SSIC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.71%.
  • The Revenue has grown by 44.79% in the past year. This is a very strong growth!
EPS 1Y (TTM)5.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%9.48%
Revenue 1Y (TTM)44.79%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.47%

3.2 Future

  • SSIC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.46% yearly.
  • SSIC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.42% yearly.
EPS Next Y-39.94%
EPS Next 2Y15.52%
EPS Next 3Y17.46%
EPS Next 5YN/A
Revenue Next Year3.87%
Revenue Next 2Y11.14%
Revenue Next 3Y7.42%
Revenue Next 5YN/A

3.3 Evolution

SSIC Yearly Revenue VS EstimatesSSIC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 5M 10M
SSIC Yearly EPS VS EstimatesSSIC Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 0 0.5 1 1.5

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5

4. SSIC Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.03 indicates a reasonable valuation of SSIC.
  • SSIC's Price/Earnings ratio is a bit cheaper when compared to the industry. SSIC is cheaper than 68.66% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of SSIC to the average of the S&P500 Index (26.25), we can say SSIC is valued rather cheaply.
  • A Price/Forward Earnings ratio of 7.52 indicates a rather cheap valuation of SSIC.
  • Based on the Price/Forward Earnings ratio, SSIC is valued cheaper than 85.71% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of SSIC to the average of the S&P500 Index (24.39), we can say SSIC is valued rather cheaply.
Industry RankSector Rank
PE 10.03
Fwd PE 7.52
SSIC Price Earnings VS Forward Price EarningsSSIC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SSIC is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 19.5
EV/EBITDA N/A
SSIC Per share dataSSIC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3

4.3 Compensation for Growth

  • SSIC's earnings are expected to grow with 17.46% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y15.52%
EPS Next 3Y17.46%

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

3

5. SSIC Dividend Analysis

5.1 Amount

  • SSIC has a Yearly Dividend Yield of 9.32%, which is a nice return.
  • Compared to an average industry Dividend Yield of 6.64, SSIC pays a bit more dividend than its industry peers.
  • SSIC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 9.32%

5.2 History

  • SSIC is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
SSIC Yearly Dividends per shareSSIC Yearly Dividends per shareYearly Dividends per share 2023 2024 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • SSIC pays out 203.61% of its income as dividend. This is not a sustainable payout ratio.
DP203.61%
EPS Next 2Y15.52%
EPS Next 3Y17.46%
SSIC Yearly Income VS Free CF VS DividendSSIC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2021 2022 2023 0 2M 4M 6M 8M
SSIC Dividend Payout.SSIC Dividend Payout, showing the Payout Ratio.SSIC Dividend Payout.PayoutRetained Earnings

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SSIC Fundamentals: All Metrics, Ratios and Statistics

SILVER SPIKE INVESTMENT CORP

NASDAQ:SSIC (10/1/2024, 8:00:00 PM)

10.735

+0.09 (+0.89%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)05-09
Earnings (Next)N/A
Inst Owners1.02%
Inst Owner Change21.59%
Ins Owners0.12%
Ins Owner Change0%
Market Cap244.97M
Revenue(TTM)12.42M
Net Income(TTM)5.58M
Analysts43.33
Price Target8.98 (-16.35%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 9.32%
Yearly Dividend1.33
Dividend Growth(5Y)N/A
DP203.61%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)2
Avg Revenue beat(2)33.53%
Min Revenue beat(2)13.68%
Max Revenue beat(2)53.38%
Revenue beat(4)4
Avg Revenue beat(4)18.58%
Min Revenue beat(4)0.83%
Max Revenue beat(4)53.38%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-22.81%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 10.03
Fwd PE 7.52
P/S 19.72
P/FCF 19.5
P/OCF 19.5
P/B 2.91
P/tB 2.91
EV/EBITDA N/A
EPS(TTM)1.07
EY9.97%
EPS(NY)1.43
Fwd EY13.3%
FCF(TTM)0.55
FCFY5.13%
OCF(TTM)0.55
OCFY5.13%
SpS0.54
BVpS3.69
TBVpS3.69
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 6.2%
ROE 6.63%
ROCE 9.67%
ROIC 7.64%
ROICexc 12.8%
ROICexgc 12.82%
OM 65.64%
PM (TTM) 44.95%
GM 79.8%
FCFM 101.14%
ROA(3y)-16.5%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion N/A
Profit Quality 224.99%
Current Ratio 6.23
Quick Ratio 6.23
Altman-Z 26.09
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)5.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%9.48%
EPS Next Y-39.94%
EPS Next 2Y15.52%
EPS Next 3Y17.46%
EPS Next 5YN/A
Revenue 1Y (TTM)44.79%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.47%
Revenue Next Year3.87%
Revenue Next 2Y11.14%
Revenue Next 3Y7.42%
Revenue Next 5YN/A
EBIT growth 1Y55.63%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y1227.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1227.36%
OCF growth 3YN/A
OCF growth 5YN/A

SILVER SPIKE INVESTMENT CORP / SSIC FAQ

Can you provide the ChartMill fundamental rating for SILVER SPIKE INVESTMENT CORP?

ChartMill assigns a fundamental rating of 5 / 10 to SSIC.


Can you provide the valuation status for SILVER SPIKE INVESTMENT CORP?

ChartMill assigns a valuation rating of 6 / 10 to SILVER SPIKE INVESTMENT CORP (SSIC). This can be considered as Fairly Valued.


Can you provide the profitability details for SILVER SPIKE INVESTMENT CORP?

SILVER SPIKE INVESTMENT CORP (SSIC) has a profitability rating of 4 / 10.


What is the financial health of SILVER SPIKE INVESTMENT CORP (SSIC) stock?

The financial health rating of SILVER SPIKE INVESTMENT CORP (SSIC) is 9 / 10.


Is the dividend of SILVER SPIKE INVESTMENT CORP sustainable?

The dividend rating of SILVER SPIKE INVESTMENT CORP (SSIC) is 3 / 10 and the dividend payout ratio is 203.61%.