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CION INVESTMENT CORP (CION) Stock Fundamental Analysis

USA - NYSE:CION - US17259U2042 - Common Stock

9.8 USD
+0.03 (+0.31%)
Last: 9/16/2025, 7:00:00 PM
9.98 USD
+0.18 (+1.84%)
After Hours: 9/16/2025, 7:00:00 PM
Fundamental Rating

2

CION gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 237 industry peers in the Capital Markets industry. CION may be in some trouble as it scores bad on both profitability and health. CION is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

CION had positive earnings in the past year.
In the past year CION had a positive cash flow from operations.
CION had positive earnings in 4 of the past 5 years.
In multiple years CION reported negative operating cash flow during the last 5 years.
CION Yearly Net Income VS EBIT VS OCF VS FCFCION Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

1.2 Ratios

CION has a worse Return On Assets (-0.55%) than 76.79% of its industry peers.
Looking at the Return On Equity, with a value of -1.36%, CION is doing worse than 75.11% of the companies in the same industry.
CION has a Return On Invested Capital (3.25%) which is in line with its industry peers.
CION had an Average Return On Invested Capital over the past 3 years of 4.00%. This is below the industry average of 7.61%.
Industry RankSector Rank
ROA -0.55%
ROE -1.36%
ROIC 3.25%
ROA(3y)3.06%
ROA(5y)3.03%
ROE(3y)6.88%
ROE(5y)6.43%
ROIC(3y)4%
ROIC(5y)3.85%
CION Yearly ROA, ROE, ROICCION Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

In the last couple of years the Profit Margin of CION has declined.
CION has a Operating Margin (33.91%) which is in line with its industry peers.
In the last couple of years the Operating Margin of CION has declined.
CION's Gross Margin of 39.16% is on the low side compared to the rest of the industry. CION is outperformed by 64.56% of its industry peers.
CION's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 33.91%
PM (TTM) N/A
GM 39.16%
OM growth 3Y-7.11%
OM growth 5Y-2.62%
PM growth 3Y-43.77%
PM growth 5Y-12.21%
GM growth 3Y-8.4%
GM growth 5Y-1.98%
CION Yearly Profit, Operating, Gross MarginsCION Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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1

2. Health

2.1 Basic Checks

Compared to 1 year ago, CION has less shares outstanding
The number of shares outstanding for CION has been reduced compared to 5 years ago.
CION has a worse debt/assets ratio than last year.
CION Yearly Shares OutstandingCION Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
CION Yearly Total Debt VS Total AssetsCION Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

CION has an Altman-Z score of 0.33. This is a bad value and indicates that CION is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of CION (0.33) is worse than 68.78% of its industry peers.
CION has a debt to FCF ratio of 18.96. This is a negative value and a sign of low solvency as CION would need 18.96 years to pay back of all of its debts.
The Debt to FCF ratio of CION (18.96) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.45 is on the high side and indicates that CION has dependencies on debt financing.
The Debt to Equity ratio of CION (1.45) is worse than 70.46% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.45
Debt/FCF 18.96
Altman-Z 0.33
ROIC/WACCN/A
WACCN/A
CION Yearly LT Debt VS Equity VS FCFCION Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 0.53 indicates that CION may have some problems paying its short term obligations.
CION's Current ratio of 0.53 is on the low side compared to the rest of the industry. CION is outperformed by 75.95% of its industry peers.
A Quick Ratio of 0.53 indicates that CION may have some problems paying its short term obligations.
The Quick ratio of CION (0.53) is worse than 75.53% of its industry peers.
Industry RankSector Rank
Current Ratio 0.53
Quick Ratio 0.53
CION Yearly Current Assets VS Current LiabilitesCION Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

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1

3. Growth

3.1 Past

CION shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -26.67%.
Measured over the past years, CION shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.01% on average per year.
Looking at the last year, CION shows a very negative growth in Revenue. The Revenue has decreased by -13.95% in the last year.
The Revenue has been growing slightly by 4.65% on average over the past years.
EPS 1Y (TTM)-26.67%
EPS 3Y-32.85%
EPS 5Y-7.01%
EPS Q2Q%-20%
Revenue 1Y (TTM)-13.95%
Revenue growth 3Y17.08%
Revenue growth 5Y4.65%
Sales Q2Q%-14.85%

3.2 Future

Based on estimates for the next years, CION will show a very negative growth in Earnings Per Share. The EPS will decrease by -14.56% on average per year.
The Revenue is expected to decrease by -10.16% on average over the next years. This is quite bad
EPS Next Y-20.19%
EPS Next 2Y-13.28%
EPS Next 3Y-14.56%
EPS Next 5YN/A
Revenue Next Year-13.92%
Revenue Next 2Y-9.71%
Revenue Next 3Y-10.16%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less 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.
CION Yearly Revenue VS EstimatesCION Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M 250M
CION Yearly EPS VS EstimatesCION Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 6.85, which indicates a rather cheap valuation of CION.
CION's Price/Earnings ratio is rather cheap when compared to the industry. CION is cheaper than 90.72% of the companies in the same industry.
CION is valuated cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 7.45, the valuation of CION can be described as very cheap.
Based on the Price/Forward Earnings ratio, CION is valued cheaper than 90.30% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.71. CION is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 6.85
Fwd PE 7.45
CION Price Earnings VS Forward Price EarningsCION Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

75.11% of the companies in the same industry are more expensive than CION, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.78
EV/EBITDA N/A
CION Per share dataCION EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

A cheap valuation may be justified as CION's earnings are expected to decrease with -14.56% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-13.28%
EPS Next 3Y-14.56%

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5

5. Dividend

5.1 Amount

CION has a Yearly Dividend Yield of 14.43%, which is a nice return.
Compared to an average industry Dividend Yield of 7.96, CION pays a better dividend. On top of this CION pays more dividend than 90.72% of the companies listed in the same industry.
CION's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 14.43%

5.2 History

The dividend of CION decreases each year by -7.50%.
CION has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)-7.5%
Div Incr Years0
Div Non Decr Years0
CION Yearly Dividends per shareCION Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

CION has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The Dividend Rate of CION has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP-793.68%
EPS Next 2Y-13.28%
EPS Next 3Y-14.56%
CION Yearly Income VS Free CF VS DividendCION Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

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CION INVESTMENT CORP

NYSE:CION (9/16/2025, 7:00:00 PM)

After market: 9.98 +0.18 (+1.84%)

9.8

+0.03 (+0.31%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)08-07 2025-08-07/bmo
Earnings (Next)11-05 2025-11-05/bmo
Inst Owners38.41%
Inst Owner Change3.16%
Ins Owners0.45%
Ins Owner Change2.18%
Market Cap510.48M
Analysts47.5
Price Target10.88 (11.02%)
Short Float %1.85%
Short Ratio3.56
Dividend
Industry RankSector Rank
Dividend Yield 14.43%
Yearly Dividend1.67
Dividend Growth(5Y)-7.5%
DP-793.68%
Div Incr Years0
Div Non Decr Years0
Ex-Date09-02 2025-09-02 (0.36)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.49%
Min EPS beat(2)-5.79%
Max EPS beat(2)2.8%
EPS beat(4)2
Avg EPS beat(4)-0.44%
Min EPS beat(4)-5.79%
Max EPS beat(4)3.2%
EPS beat(8)5
Avg EPS beat(8)9.16%
EPS beat(12)8
Avg EPS beat(12)14.32%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.49%
Min Revenue beat(2)-3.98%
Max Revenue beat(2)4.96%
Revenue beat(4)3
Avg Revenue beat(4)2.1%
Min Revenue beat(4)-3.98%
Max Revenue beat(4)4.96%
Revenue beat(8)7
Avg Revenue beat(8)7.29%
Revenue beat(12)10
Avg Revenue beat(12)9.08%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.54%
PT rev (3m)-1.54%
EPS NQ rev (1m)-1.95%
EPS NQ rev (3m)-6.17%
EPS NY rev (1m)0.88%
EPS NY rev (3m)1.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.03%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)-0.19%
Valuation
Industry RankSector Rank
PE 6.85
Fwd PE 7.45
P/S 2.26
P/FCF 8.78
P/OCF 8.78
P/B 0.67
P/tB 0.67
EV/EBITDA N/A
EPS(TTM)1.43
EY14.59%
EPS(NY)1.32
Fwd EY13.43%
FCF(TTM)1.12
FCFY11.38%
OCF(TTM)1.12
OCFY11.38%
SpS4.34
BVpS14.56
TBVpS14.56
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.55%
ROE -1.36%
ROCE 4.12%
ROIC 3.25%
ROICexc 3.26%
ROICexgc 3.26%
OM 33.91%
PM (TTM) N/A
GM 39.16%
FCFM 25.73%
ROA(3y)3.06%
ROA(5y)3.03%
ROE(3y)6.88%
ROE(5y)6.43%
ROIC(3y)4%
ROIC(5y)3.85%
ROICexc(3y)4.07%
ROICexc(5y)3.91%
ROICexgc(3y)4.07%
ROICexgc(5y)3.91%
ROCE(3y)5.06%
ROCE(5y)4.88%
ROICexcg growth 3Y5.57%
ROICexcg growth 5Y0.49%
ROICexc growth 3Y5.57%
ROICexc growth 5Y0.49%
OM growth 3Y-7.11%
OM growth 5Y-2.62%
PM growth 3Y-43.77%
PM growth 5Y-12.21%
GM growth 3Y-8.4%
GM growth 5Y-1.98%
F-Score4
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 1.45
Debt/FCF 18.96
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 0.86
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.53
Quick Ratio 0.53
Altman-Z 0.33
F-Score4
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)-26.67%
EPS 3Y-32.85%
EPS 5Y-7.01%
EPS Q2Q%-20%
EPS Next Y-20.19%
EPS Next 2Y-13.28%
EPS Next 3Y-14.56%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.95%
Revenue growth 3Y17.08%
Revenue growth 5Y4.65%
Sales Q2Q%-14.85%
Revenue Next Year-13.92%
Revenue Next 2Y-9.71%
Revenue Next 3Y-10.16%
Revenue Next 5YN/A
EBIT growth 1Y-28.51%
EBIT growth 3Y8.76%
EBIT growth 5Y1.91%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y30.01%
FCF growth 3YN/A
FCF growth 5Y-6.89%
OCF growth 1Y30.01%
OCF growth 3YN/A
OCF growth 5Y-6.89%