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SILVER SPIKE INVESTMENT CORP (SSIC) Stock Fundamental Analysis

NASDAQ:SSIC - Nasdaq - US8281741020 - Common Stock - Currency: USD

10.735  +0.09 (+0.89%)

Fundamental Rating

5

SSIC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 232 industry peers in the Capital Markets industry. SSIC is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. SSIC has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

SSIC had positive earnings in the past year.
In the past year SSIC had a positive cash flow from operations.
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

Looking at the Return On Assets, with a value of 6.20%, SSIC is in the better half of the industry, outperforming 72.35% of the companies in the same industry.
With a Return On Equity value of 6.63%, SSIC is not doing good in the industry: 60.83% of the companies in the same industry are doing better.
SSIC has a Return On Invested Capital of 7.64%. This is in the better half of the industry: SSIC outperforms 79.26% of its industry peers.
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

Looking at the Profit Margin, with a value of 44.95%, SSIC belongs to the top of the industry, outperforming 85.25% of the companies in the same industry.
The Operating Margin of SSIC (65.64%) is better than 96.31% of its industry peers.
With an excellent Gross Margin value of 79.80%, SSIC belongs to the best of the industry, outperforming 82.03% of the companies in the same industry.
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. Health

2.1 Basic Checks

Compared to 1 year ago, SSIC has about the same amount of shares outstanding.
SSIC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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

SSIC has an Altman-Z score of 26.09. This indicates that SSIC is financially healthy and has little risk of bankruptcy at the moment.
SSIC's Altman-Z score of 26.09 is amongst the best of the industry. SSIC outperforms 99.54% of its industry peers.
SSIC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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.
The Current ratio of SSIC (6.23) is better than 86.64% of its industry peers.
A Quick Ratio of 6.23 indicates that SSIC has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 6.23, SSIC belongs to the top 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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3

3. Growth

3.1 Past

SSIC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.71%.
SSIC shows a strong growth in Revenue. In the last year, the Revenue has grown by 44.79%.
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

Based on estimates for the next years, SSIC will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.46% on average per year.
The Revenue is expected to grow by 7.42% on average over the next years.
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. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 10.03, the valuation of SSIC can be described as very reasonable.
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.
SSIC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.34.
Based on the Price/Forward Earnings ratio of 7.52, the valuation of SSIC can be described as very cheap.
85.71% of the companies in the same industry are more expensive than SSIC, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of SSIC to the average of the S&P500 Index (22.19), 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 5 10 15 20 25

4.2 Price Multiples

SSIC's Price/Free Cash Flow ratio is in line with the industry average.
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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3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 9.32%, SSIC is a good candidate for dividend investing.
SSIC's Dividend Yield is a higher than the industry average which is at 7.91.
Compared to an average S&P500 Dividend Yield of 2.40, SSIC pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.32%

5.2 History

SSIC does not have a reliable dividend history as it only pays dividend since a couple or years.
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

203.61% of the earnings are spent on dividend by SSIC. 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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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 2024-05-09/amc
Earnings (Next)N/A N/A
Inst Owners1.02%
Inst Owner Change-0.71%
Ins Owners0.12%
Ins Owner Change0%
Market Cap244.97M
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
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
ROICexcg growth 3YN/A
ROICexcg 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