PENNANTPARK FLOATING RATE CA (PFLT) Stock Fundamental Analysis
NYSE:PFLT - New York Stock Exchange, Inc. - US70806A1060 - Common Stock - Currency: USD
Taking everything into account, PFLT scores 4 out of 10 in our fundamental rating. PFLT was compared to 225 industry peers in the Capital Markets industry. There are concerns on the financial health of PFLT while its profitability can be described as average. PFLT is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
PFLT had positive earnings in the past year.
PFLT had a negative operating cash flow in the past year.
In the past 5 years PFLT has always been profitable.
The reported operating cash flow has been mixed in the past 5 years: PFLT reported negative operating cash flow in multiple years.
1.2 Ratios
With a decent Return On Assets value of 4.17%, PFLT is doing good in the industry, outperforming 61.19% of the companies in the same industry.
PFLT has a Return On Equity (10.15%) which is comparable to the rest of the industry.
With a Return On Invested Capital value of 3.06%, PFLT is not doing good in the industry: 62.56% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for PFLT is below the industry average of 6.76%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.17% | ||
| ROE | 10.15% | ||
| ROIC | 3.06% |
ROA(3y)2.66%
ROA(5y)2.88%
ROE(3y)5.71%
ROE(5y)6.5%
ROIC(3y)3.65%
ROIC(5y)3.35%
1.3 Margins
Looking at the Profit Margin, with a value of 45.36%, PFLT belongs to the top of the industry, outperforming 85.39% of the companies in the same industry.
PFLT's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 41.52%, PFLT is doing good in the industry, outperforming 72.15% of the companies in the same industry.
PFLT's Operating Margin has declined in the last couple of years.
PFLT's Gross Margin of 48.66% is in line compared to the rest of the industry. PFLT outperforms 48.40% of its industry peers.
In the last couple of years the Gross Margin of PFLT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 41.52% | ||
| PM (TTM) | 45.36% | ||
| GM | 48.66% |
OM growth 3Y-4.36%
OM growth 5Y-2.89%
PM growth 3Y-10.32%
PM growth 5Y32.06%
GM growth 3Y-2.45%
GM growth 5Y-2.77%
2. Health
2.1 Basic Checks
PFLT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for PFLT has been increased compared to 5 years ago.
PFLT has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.64, we must say that PFLT is in the distress zone and has some risk of bankruptcy.
PFLT's Altman-Z score of 0.64 is on the low side compared to the rest of the industry. PFLT is outperformed by 62.56% of its industry peers.
A Debt/Equity ratio of 1.39 is on the high side and indicates that PFLT has dependencies on debt financing.
The Debt to Equity ratio of PFLT (1.39) is worse than 67.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.39 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.64 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
PFLT has a Current Ratio of 3.94. This indicates that PFLT is financially healthy and has no problem in meeting its short term obligations.
PFLT's Current ratio of 3.94 is amongst the best of the industry. PFLT outperforms 81.74% of its industry peers.
A Quick Ratio of 3.94 indicates that PFLT has no problem at all paying its short term obligations.
PFLT's Quick ratio of 3.94 is amongst the best of the industry. PFLT outperforms 81.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.94 | ||
| Quick Ratio | 3.94 |
3. Growth
3.1 Past
The earnings per share for PFLT have decreased by -9.56% in the last year.
PFLT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.51% yearly.
The Revenue has grown by 47.56% in the past year. This is a very strong growth!
PFLT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.94% yearly.
EPS 1Y (TTM)-9.56%
EPS 3Y3.61%
EPS 5Y0.51%
EPS Q2Q%12.12%
Revenue 1Y (TTM)47.56%
Revenue growth 3Y31.1%
Revenue growth 5Y14.94%
Sales Q2Q%72.15%
3.2 Future
The Earnings Per Share is expected to grow by 3.67% on average over the next years.
Based on estimates for the next years, PFLT will show a quite strong growth in Revenue. The Revenue will grow by 19.28% on average per year.
EPS Next Y13.29%
EPS Next 2Y5.37%
EPS Next 3Y3.67%
EPS Next 5YN/A
Revenue Next Year53.5%
Revenue Next 2Y19.28%
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 accelerating.
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
Based on the Price/Earnings ratio of 9.07, the valuation of PFLT can be described as reasonable.
PFLT's Price/Earnings ratio is a bit cheaper when compared to the industry. PFLT is cheaper than 77.17% of the companies in the same industry.
When comparing the Price/Earnings ratio of PFLT to the average of the S&P500 Index (29.63), we can say PFLT is valued rather cheaply.
The Price/Forward Earnings ratio is 8.45, which indicates a very decent valuation of PFLT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PFLT indicates a rather cheap valuation: PFLT is cheaper than 84.02% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.68. PFLT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.07 | ||
| Fwd PE | 8.45 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.68
PEG (5Y)17.72
EPS Next 2Y5.37%
EPS Next 3Y3.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 10.88%, PFLT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 9.98, PFLT pays a bit more dividend than its industry peers.
PFLT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.88% |
5.2 History
The dividend of PFLT has a limited annual growth rate of 0.30%.
PFLT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)0.3%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
PFLT pays out 87.07% of its income as dividend. This is not a sustainable payout ratio.
The dividend of PFLT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP87.07%
EPS Next 2Y5.37%
EPS Next 3Y3.67%
11.16
-0.15 (-1.33%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners21.63%
Inst Owner Change-74.94%
Ins Owners0.57%
Ins Owner Change0%
Market Cap981.63M
Analysts74.29
Price Target11.99 (7.44%)
Short Float %0.55%
Short Ratio0.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.88% |
Yearly Dividend1.16
Dividend Growth(5Y)0.3%
DP87.07%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.1%
Min EPS beat(2)-25.58%
Max EPS beat(2)11.37%
EPS beat(4)1
Avg EPS beat(4)-6.03%
Min EPS beat(4)-25.58%
Max EPS beat(4)11.37%
EPS beat(8)3
Avg EPS beat(8)-2.73%
EPS beat(12)5
Avg EPS beat(12)-2.13%
EPS beat(16)7
Avg EPS beat(16)-0.76%
Revenue beat(2)2
Avg Revenue beat(2)15.02%
Min Revenue beat(2)11.34%
Max Revenue beat(2)18.71%
Revenue beat(4)4
Avg Revenue beat(4)11.43%
Min Revenue beat(4)5.44%
Max Revenue beat(4)18.71%
Revenue beat(8)7
Avg Revenue beat(8)10.03%
Revenue beat(12)11
Avg Revenue beat(12)7.55%
Revenue beat(16)13
Avg Revenue beat(16)6.62%
PT rev (1m)0.71%
PT rev (3m)0.71%
EPS NQ rev (1m)1.54%
EPS NQ rev (3m)-0.04%
EPS NY rev (1m)5.17%
EPS NY rev (3m)5.31%
Revenue NQ rev (1m)20.04%
Revenue NQ rev (3m)25.85%
Revenue NY rev (1m)19.65%
Revenue NY rev (3m)34.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.07 | ||
| Fwd PE | 8.45 | ||
| P/S | 4.56 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.02 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.23
EY11.02%
EPS(NY)1.32
Fwd EY11.84%
FCF(TTM)-9.69
FCFYN/A
OCF(TTM)-9.69
OCFYN/A
SpS2.45
BVpS10.94
TBVpS10.94
PEG (NY)0.68
PEG (5Y)17.72
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.17% | ||
| ROE | 10.15% | ||
| ROCE | 3.88% | ||
| ROIC | 3.06% | ||
| ROICexc | 3.21% | ||
| ROICexgc | 3.21% | ||
| OM | 41.52% | ||
| PM (TTM) | 45.36% | ||
| GM | 48.66% | ||
| FCFM | N/A |
ROA(3y)2.66%
ROA(5y)2.88%
ROE(3y)5.71%
ROE(5y)6.5%
ROIC(3y)3.65%
ROIC(5y)3.35%
ROICexc(3y)3.9%
ROICexc(5y)3.56%
ROICexgc(3y)3.9%
ROICexgc(5y)3.56%
ROCE(3y)4.62%
ROCE(5y)4.25%
ROICexcg growth 3Y3.5%
ROICexcg growth 5Y-1.07%
ROICexc growth 3Y3.5%
ROICexc growth 5Y-1.07%
OM growth 3Y-4.36%
OM growth 5Y-2.89%
PM growth 3Y-10.32%
PM growth 5Y32.06%
GM growth 3Y-2.45%
GM growth 5Y-2.77%
F-Score2
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.39 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.4 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.94 | ||
| Quick Ratio | 3.94 | ||
| Altman-Z | 0.64 |
F-Score2
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)-9.56%
EPS 3Y3.61%
EPS 5Y0.51%
EPS Q2Q%12.12%
EPS Next Y13.29%
EPS Next 2Y5.37%
EPS Next 3Y3.67%
EPS Next 5YN/A
Revenue 1Y (TTM)47.56%
Revenue growth 3Y31.1%
Revenue growth 5Y14.94%
Sales Q2Q%72.15%
Revenue Next Year53.5%
Revenue Next 2Y19.28%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y21.17%
EBIT growth 3Y25.38%
EBIT growth 5Y11.62%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-2219.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-2219.72%
OCF growth 3YN/A
OCF growth 5YN/A