FIDUS INVESTMENT CORP (FDUS) Stock Fundamental Analysis
NASDAQ:FDUS - Nasdaq - US3165001070 - Common Stock - Currency: USD
Overall FDUS gets a fundamental rating of 5 out of 10. We evaluated FDUS against 223 industry peers in the Capital Markets industry. While FDUS belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. FDUS has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
FDUS had positive earnings in the past year.
In the past year FDUS has reported a negative cash flow from operations.
FDUS had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: FDUS reported negative operating cash flow in multiple years.
1.2 Ratios
With an excellent Return On Assets value of 6.73%, FDUS belongs to the best of the industry, outperforming 80.72% of the companies in the same industry.
Looking at the Return On Equity, with a value of 11.94%, FDUS is in the better half of the industry, outperforming 63.23% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 5.39%, FDUS is in the better half of the industry, outperforming 68.16% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for FDUS is below the industry average of 7.05%.
The last Return On Invested Capital (5.39%) for FDUS is above the 3 year average (4.86%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.73% | ||
| ROE | 11.94% | ||
| ROIC | 5.39% |
ROA(3y)5.87%
ROA(5y)6.83%
ROE(3y)10.83%
ROE(5y)12.78%
ROIC(3y)4.86%
ROIC(5y)4.14%
1.3 Margins
FDUS's Profit Margin of 53.57% is amongst the best of the industry. FDUS outperforms 90.13% of its industry peers.
In the last couple of years the Profit Margin of FDUS has declined.
Looking at the Operating Margin, with a value of 52.74%, FDUS belongs to the top of the industry, outperforming 89.69% of the companies in the same industry.
FDUS's Operating Margin has improved in the last couple of years.
FDUS has a better Gross Margin (55.52%) than 65.92% of its industry peers.
In the last couple of years the Gross Margin of FDUS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.74% | ||
| PM (TTM) | 53.57% | ||
| GM | 55.52% |
OM growth 3Y23.01%
OM growth 5Y4.6%
PM growth 3Y-25.27%
PM growth 5Y-3.15%
GM growth 3Y2.36%
GM growth 5Y3.91%
2. Health
2.1 Basic Checks
The number of shares outstanding for FDUS has been increased compared to 1 year ago.
FDUS has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, FDUS has an improved debt to assets ratio.
2.2 Solvency
FDUS has an Altman-Z score of 1.38. This is a bad value and indicates that FDUS is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 1.38, FDUS is doing good in the industry, outperforming 64.13% of the companies in the same industry.
FDUS has a Debt/Equity ratio of 0.72. This is a neutral value indicating FDUS is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.72, FDUS is doing good in the industry, outperforming 65.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.38 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
FDUS has a Current Ratio of 2.19. This indicates that FDUS is financially healthy and has no problem in meeting its short term obligations.
FDUS has a better Current ratio (2.19) than 70.85% of its industry peers.
FDUS has a Quick Ratio of 2.19. This indicates that FDUS is financially healthy and has no problem in meeting its short term obligations.
FDUS has a better Quick ratio (2.19) than 70.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.19 | ||
| Quick Ratio | 2.19 |
3. Growth
3.1 Past
The earnings per share for FDUS have decreased by -9.41% in the last year.
The Earnings Per Share has been growing by 9.91% on average over the past years. This is quite good.
Looking at the last year, FDUS shows a quite strong growth in Revenue. The Revenue has grown by 12.32% in the last year.
Measured over the past years, FDUS shows a quite strong growth in Revenue. The Revenue has been growing by 13.64% on average per year.
EPS 1Y (TTM)-9.41%
EPS 3Y9.28%
EPS 5Y9.91%
EPS Q2Q%-16.92%
Revenue 1Y (TTM)12.32%
Revenue growth 3Y17.35%
Revenue growth 5Y13.64%
Sales Q2Q%3.16%
3.2 Future
The Earnings Per Share is expected to decrease by -6.03% on average over the next years.
Based on estimates for the next years, FDUS will show a small growth in Revenue. The Revenue will grow by 1.05% on average per year.
EPS Next Y-6.88%
EPS Next 2Y-6.03%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.02%
Revenue Next 2Y1.05%
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 decreasing.
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
Based on the Price/Earnings ratio of 9.56, the valuation of FDUS can be described as reasonable.
Based on the Price/Earnings ratio, FDUS is valued a bit cheaper than the industry average as 73.99% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of FDUS to the average of the S&P500 Index (29.35), we can say FDUS is valued rather cheaply.
A Price/Forward Earnings ratio of 10.27 indicates a reasonable valuation of FDUS.
FDUS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FDUS is cheaper than 67.71% of the companies in the same industry.
FDUS 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.56 | ||
| Fwd PE | 10.27 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of FDUS may justify a higher PE ratio.
A cheap valuation may be justified as FDUS's earnings are expected to decrease with -6.03% in the coming years.
PEG (NY)N/A
PEG (5Y)0.96
EPS Next 2Y-6.03%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FDUS has a Yearly Dividend Yield of 7.79%, which is a nice return.
FDUS's Dividend Yield is a higher than the industry average which is at 8.65.
Compared to an average S&P500 Dividend Yield of 2.33, FDUS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.79% |
5.2 History
On average, the dividend of FDUS grows each year by 8.82%, which is quite nice.
FDUS has been paying a dividend for at least 10 years, so it has a reliable track record.
FDUS has decreased its dividend in the last 3 years.
Dividend Growth(5Y)8.82%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
100.10% of the earnings are spent on dividend by FDUS. This is not a sustainable payout ratio.
The Dividend Rate of FDUS has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP100.1%
EPS Next 2Y-6.03%
EPS Next 3YN/A
22.09
+0.28 (+1.28%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners25.15%
Inst Owner Change16.74%
Ins Owners0.95%
Ins Owner Change0%
Market Cap749.07M
Analysts81.82
Price Target21.29 (-3.62%)
Short Float %0.81%
Short Ratio1.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.79% |
Yearly Dividend2.44
Dividend Growth(5Y)8.82%
DP100.1%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.62%
Min EPS beat(2)2.2%
Max EPS beat(2)5.03%
EPS beat(4)2
Avg EPS beat(4)0.32%
Min EPS beat(4)-4.2%
Max EPS beat(4)5.03%
EPS beat(8)6
Avg EPS beat(8)3.7%
EPS beat(12)10
Avg EPS beat(12)4.7%
EPS beat(16)14
Avg EPS beat(16)8.48%
Revenue beat(2)1
Avg Revenue beat(2)1.14%
Min Revenue beat(2)-0.92%
Max Revenue beat(2)3.21%
Revenue beat(4)2
Avg Revenue beat(4)0%
Min Revenue beat(4)-2.55%
Max Revenue beat(4)3.21%
Revenue beat(8)6
Avg Revenue beat(8)2.83%
Revenue beat(12)9
Avg Revenue beat(12)2.47%
Revenue beat(16)13
Avg Revenue beat(16)3.98%
PT rev (1m)-0.6%
PT rev (3m)-0.6%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.56 | ||
| Fwd PE | 10.27 | ||
| P/S | 5.13 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.14 | ||
| P/tB | 1.14 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.31
EY10.46%
EPS(NY)2.15
Fwd EY9.74%
FCF(TTM)-1.63
FCFYN/A
OCF(TTM)-1.63
OCFYN/A
SpS4.31
BVpS19.34
TBVpS19.34
PEG (NY)N/A
PEG (5Y)0.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.73% | ||
| ROE | 11.94% | ||
| ROCE | 6.82% | ||
| ROIC | 5.39% | ||
| ROICexc | 5.67% | ||
| ROICexgc | 5.67% | ||
| OM | 52.74% | ||
| PM (TTM) | 53.57% | ||
| GM | 55.52% | ||
| FCFM | N/A |
ROA(3y)5.87%
ROA(5y)6.83%
ROE(3y)10.83%
ROE(5y)12.78%
ROIC(3y)4.86%
ROIC(5y)4.14%
ROICexc(3y)5.27%
ROICexc(5y)4.63%
ROICexgc(3y)5.27%
ROICexgc(5y)4.63%
ROCE(3y)6.16%
ROCE(5y)5.24%
ROICexcg growth 3Y24.23%
ROICexcg growth 5Y9.99%
ROICexc growth 3Y24.23%
ROICexc growth 5Y9.99%
OM growth 3Y23.01%
OM growth 5Y4.6%
PM growth 3Y-25.27%
PM growth 5Y-3.15%
GM growth 3Y2.36%
GM growth 5Y3.91%
F-Score4
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 3.44 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.19 | ||
| Quick Ratio | 2.19 | ||
| Altman-Z | 1.38 |
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)-9.41%
EPS 3Y9.28%
EPS 5Y9.91%
EPS Q2Q%-16.92%
EPS Next Y-6.88%
EPS Next 2Y-6.03%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)12.32%
Revenue growth 3Y17.35%
Revenue growth 5Y13.64%
Sales Q2Q%3.16%
Revenue Next Year0.02%
Revenue Next 2Y1.05%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y16.53%
EBIT growth 3Y44.34%
EBIT growth 5Y18.87%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-87.75%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-87.75%
OCF growth 3YN/A
OCF growth 5YN/A