GLADSTONE INVESTMENT CORP (GAIN)
US3765461070 - Common Stock
Taking everything into account, GAIN scores 4 out of 10 in our fundamental rating. GAIN was compared to 219 industry peers in the Capital Markets industry. GAIN has a medium profitability rating, but doesn't score so well on its financial health evaluation. GAIN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
GAIN had positive earnings in the past year.
In the past year GAIN had a positive cash flow from operations.
Of the past 5 years GAIN 4 years were profitable.
In multiple years GAIN reported negative operating cash flow during the last 5 years.
1.2 Ratios
GAIN's Return On Assets of 4.39% is fine compared to the rest of the industry. GAIN outperforms 62.62% of its industry peers.
GAIN has a Return On Equity of 8.32%. This is comparable to the rest of the industry: GAIN outperforms 49.53% of its industry peers.
The Return On Invested Capital of GAIN (10.46%) is better than 83.64% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GAIN is below the industry average of 6.63%.
The last Return On Invested Capital (10.46%) for GAIN is above the 3 year average (4.35%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.39% | ||
| ROE | 8.32% | ||
| ROIC | 10.46% |
ROA(3y)9.18%
ROA(5y)6.58%
ROE(3y)16.11%
ROE(5y)11.5%
ROIC(3y)4.35%
ROIC(5y)5.63%
1.3 Margins
GAIN has a better Profit Margin (23.45%) than 61.22% of its industry peers.
In the last couple of years the Profit Margin of GAIN has grown nicely.
The Operating Margin of GAIN (65.13%) is better than 97.20% of its industry peers.
In the last couple of years the Operating Margin of GAIN has declined.
GAIN's Gross Margin of 62.20% is fine compared to the rest of the industry. GAIN outperforms 64.49% of its industry peers.
GAIN's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 65.13% | ||
| PM (TTM) | 23.45% | ||
| GM | 62.2% |
OM growth 3Y0.9%
OM growth 5Y-5.7%
PM growth 3Y5.1%
PM growth 5Y2.66%
GM growth 3Y-9.39%
GM growth 5Y-11.13%
2. Health
2.1 Basic Checks
Compared to 1 year ago, GAIN has more shares outstanding
Compared to 5 years ago, GAIN has more shares outstanding
The debt/assets ratio for GAIN is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.23, we must say that GAIN is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.23, GAIN is in line with its industry, outperforming 58.88% of the companies in the same industry.
GAIN has a debt to FCF ratio of 3.34. This is a good value and a sign of high solvency as GAIN would need 3.34 years to pay back of all of its debts.
GAIN's Debt to FCF ratio of 3.34 is fine compared to the rest of the industry. GAIN outperforms 71.50% of its industry peers.
GAIN has a Debt/Equity ratio of 0.74. This is a neutral value indicating GAIN is somewhat dependend on debt financing.
The Debt to Equity ratio of GAIN (0.74) is better than 64.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.34 | ||
| Altman-Z | 1.23 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
GAIN has a Current Ratio of 0.17. This is a bad value and indicates that GAIN is not financially healthy enough and could expect problems in meeting its short term obligations.
GAIN's Current ratio of 0.17 is on the low side compared to the rest of the industry. GAIN is outperformed by 87.38% of its industry peers.
GAIN has a Quick Ratio of 0.17. This is a bad value and indicates that GAIN is not financially healthy enough and could expect problems in meeting its short term obligations.
GAIN has a worse Quick ratio (0.17) than 87.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 |
3. Growth
3.1 Past
The earnings per share for GAIN have decreased by -6.67% in the last year.
The Earnings Per Share has been growing by 33.90% on average over the past years. This is a very strong growth
GAIN shows a strong growth in Revenue. In the last year, the Revenue has grown by 85.86%.
GAIN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.72% yearly.
EPS 1Y (TTM)-6.67%
EPS 3Y22.39%
EPS 5Y33.9%
EPS Q2Q%0%
Revenue 1Y (TTM)85.86%
Revenue growth 3Y20.02%
Revenue growth 5Y-1.72%
Sales Q2Q%11.28%
3.2 Future
The Earnings Per Share is expected to decrease by -2.91% on average over the next years.
GAIN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.00% yearly.
EPS Next Y-10.71%
EPS Next 2Y-2.91%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.62%
Revenue Next 2Y4%
Revenue Next 3YN/A
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
GAIN is valuated correctly with a Price/Earnings ratio of 13.57.
GAIN's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.41, GAIN is valued rather cheaply.
A Price/Forward Earnings ratio of 14.25 indicates a correct valuation of GAIN.
GAIN's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.69. GAIN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.57 | ||
| Fwd PE | 14.25 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, GAIN is valued cheaply inside the industry as 83.18% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.78 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of GAIN may justify a higher PE ratio.
A cheap valuation may be justified as GAIN's earnings are expected to decrease with -2.91% in the coming years.
PEG (NY)N/A
PEG (5Y)0.4
EPS Next 2Y-2.91%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.25%, GAIN is a good candidate for dividend investing.
GAIN's Dividend Yield is comparable with the industry average which is at 9.65.
Compared to an average S&P500 Dividend Yield of 2.33, GAIN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.25% |
5.2 History
The dividend of GAIN is nicely growing with an annual growth rate of 18.35%!
GAIN has paid a dividend for at least 10 years, which is a reliable track record.
GAIN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)18.35%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
GAIN pays out 181.99% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of GAIN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP181.99%
EPS Next 2Y-2.91%
EPS Next 3YN/A
GLADSTONE INVESTMENT CORP
NASDAQ:GAIN (1/3/2025, 8:00:01 PM)
13.3
+0.06 (+0.45%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners15.3%
Inst Owner Change-6.27%
Ins Owners2.34%
Ins Owner Change0%
Market Cap487.98M
Analysts76.36
Price Target13.77 (3.53%)
Short Float %8.13%
Short Ratio23.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.25% |
Dividend Growth(5Y)18.35%
DP181.99%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.24%
Min EPS beat(2)-7.36%
Max EPS beat(2)-5.12%
EPS beat(4)0
Avg EPS beat(4)-6.86%
Min EPS beat(4)-10.87%
Max EPS beat(4)-4.08%
EPS beat(8)1
Avg EPS beat(8)-4.36%
EPS beat(12)4
Avg EPS beat(12)0.33%
EPS beat(16)5
Avg EPS beat(16)-13.65%
Revenue beat(2)0
Avg Revenue beat(2)-6.09%
Min Revenue beat(2)-9.57%
Max Revenue beat(2)-2.61%
Revenue beat(4)1
Avg Revenue beat(4)-7.51%
Min Revenue beat(4)-18.01%
Max Revenue beat(4)0.14%
Revenue beat(8)2
Avg Revenue beat(8)-5.73%
Revenue beat(12)5
Avg Revenue beat(12)6.25%
Revenue beat(16)9
Avg Revenue beat(16)16.14%
PT rev (1m)0%
PT rev (3m)-0.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.19%
EPS NY rev (1m)0%
EPS NY rev (3m)-11.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.56%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.57 | ||
| Fwd PE | 14.25 | ||
| P/S | 3 | ||
| P/FCF | 4.78 | ||
| P/OCF | 4.78 | ||
| P/B | 1.06 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.98
EY7.37%
EPS(NY)0.93
Fwd EY7.02%
FCF(TTM)2.78
FCFY20.93%
OCF(TTM)2.78
OCFY20.93%
SpS4.43
BVpS12.49
TBVpS12.49
PEG (NY)N/A
PEG (5Y)0.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.39% | ||
| ROE | 8.32% | ||
| ROCE | 13.24% | ||
| ROIC | 10.46% | ||
| ROICexc | 10.48% | ||
| ROICexgc | 10.51% | ||
| OM | 65.13% | ||
| PM (TTM) | 23.45% | ||
| GM | 62.2% | ||
| FCFM | 62.82% |
ROA(3y)9.18%
ROA(5y)6.58%
ROE(3y)16.11%
ROE(5y)11.5%
ROIC(3y)4.35%
ROIC(5y)5.63%
ROICexc(3y)4.38%
ROICexc(5y)5.66%
ROICexgc(3y)4.39%
ROICexgc(5y)5.68%
ROCE(3y)5.5%
ROCE(5y)7.13%
ROICexcg growth 3Y7.59%
ROICexcg growth 5Y-14.13%
ROICexc growth 3Y7.61%
ROICexc growth 5Y-14.12%
OM growth 3Y0.9%
OM growth 5Y-5.7%
PM growth 3Y5.1%
PM growth 5Y2.66%
GM growth 3Y-9.39%
GM growth 5Y-11.13%
F-Score6
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.34 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 4.2 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 267.97% | ||
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 | ||
| Altman-Z | 1.23 |
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)-6.67%
EPS 3Y22.39%
EPS 5Y33.9%
EPS Q2Q%0%
EPS Next Y-10.71%
EPS Next 2Y-2.91%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)85.86%
Revenue growth 3Y20.02%
Revenue growth 5Y-1.72%
Sales Q2Q%11.28%
Revenue Next Year4.62%
Revenue Next 2Y4%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y248.66%
EBIT growth 3Y21.1%
EBIT growth 5Y-7.32%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y204.91%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y204.91%
OCF growth 3YN/A
OCF growth 5YN/A