PennantPark Floating Rate Capital Ltd
NASDAQ:PFLT
Intrinsic Value
PennantPark Floating Rate Capital Ltd is a non-diversified closed-end management investment company invests in small market-cap and public middle market companies located in the U.S. and to a limited... [ Read More ]
The intrinsic value of one
PFLT
stock under the Base Case scenario is
17.19
USD.
Compared to the current market price of 11.5 USD,
PennantPark Floating Rate Capital Ltd
is
Undervalued by 33%.
PFLT could be a value trap.A value trap occurs when a stock looks inexpensive based on fundamental analysis but fails to reach its intrinsic valuation over time, often due to underlying issues not reflected in quantitative data.
Scrutinize beyond numbers; assess long-term potential.
PennantPark Floating Rate Capital Ltd's market capitalization is 675.4m USD.
PFLT stock price is 11.5 USD.
PFLT stock price (11.5 USD) is 33% less than its Intrinsic Value (17.19 USD).
PFLT has upside potential of 3% compared to the average analyst price target.
Open Wall St Estimates
PFLT's D/E (Debt to Equity) is equal to 1.02.
PFLT's ROE (Return on Equity) for the past 12 months is positive and is equal to 11%.
PFLT's ROIC (Return on Invested Capital) has increased in the last 3 years from 4% to 6%.
PFLT's ROE (Return on Equity) has decreased in the last 3 years from 14% to 11%.
PFLT's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 6%.
PFLT's Revenue has grown by an exceptional 32% over the past 12 months.
PFLT has positive three-year average ROE (Return on Equity): 6%. The company is efficient at transforming stockholders' equity into net income.
PFLT has a very low three-year average ROIC (Return on Invested Capital): 4%. The company is not efficient at using invested capital to generate operating income.
PFLT's Revenue has been growing by 17% per year for the last 3 years.
PFLT's long-term assets (1B USD) exceed its long-term liabilties (701m USD).
PFLT has positive Net Income for the last twelve months.
PFLT has positive Operating Income for the last twelve months.
PFLT has positive Gross Profit for the last twelve months.
PFLT's short-term assets (88m USD) exceed its short-term liabilties (28m USD).
PFLT has negative Free Cash Flow for the last twelve months.
PFLT has positive Net Debt. This means that the company has more debt (671m USD) than cash and short-term investments (76m USD).
PFLT's Altman Z-Score is very low and is equal to 0.77.
PFLT generates enough operating income (74m USD) to cover interest payments on its debt (35m USD).
Valuation Backtest
PennantPark Floating Rate Capital Ltd
Run backtest to discover the historical profit from buying and selling
PFLT
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
PennantPark Floating Rate Capital Ltd
Balance Sheet Decomposition
PennantPark Floating Rate Capital Ltd
| Current Assets | 88.1m |
| Cash & Short-Term Investments | 75.8m |
| Receivables | 12.3m |
| Other Current Assets | 20k |
| Non-Current Assets | 1.3B |
| Long-Term Investments | 1.3B |
| Current Liabilities | 28.2m |
| Accounts Payable | 6.1m |
| Accrued Liabilities | 8.3m |
| Other Current Liabilities | 13.8m |
| Non-Current Liabilities | 672.9m |
| Long-Term Debt | 671.1m |
| Other Non-Current Liabilities | 1.8m |
Earnings Waterfall
PennantPark Floating Rate Capital Ltd
|
Revenue
|
146m
USD
|
|
Cost of Revenue
|
-67m
USD
|
|
Gross Profit
|
79m
USD
|
|
Operating Expenses
|
-5.3m
USD
|
|
Operating Income
|
73.7m
USD
|
|
Other Expenses
|
-10.3m
USD
|
|
Net Income
|
63.3m
USD
|
Free Cash Flow Analysis
PennantPark Floating Rate Capital Ltd
PFLT Profitability Score
Profitability Due Diligence
PennantPark Floating Rate Capital Ltd's profitability score is 63/100. The higher the profitability score, the more profitable the company is.
Score
PennantPark Floating Rate Capital Ltd's profitability score is 63/100. The higher the profitability score, the more profitable the company is.
PFLT Solvency Score
Solvency Due Diligence
PennantPark Floating Rate Capital Ltd's solvency score is 35/100. The higher the solvency score, the more solvent the company is.
Score
PennantPark Floating Rate Capital Ltd's solvency score is 35/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
PFLT Price Targets Summary
PennantPark Floating Rate Capital Ltd
According to Wall Street analysts, the average 1-year price target for
PFLT
is 11.83 USD
with a low forecast of 11.11 USD and a high forecast of 13.13 USD.
Ownership
PFLT Insider Trading
Buy and sell transactions by insiders
| Period | Sold | Bought | Net |
|---|---|---|---|
| 3 Months |
|
|
|
| 6 Months |
|
|
|
| 9 Months |
|
|
|
| 12 Months |
|
|
|
Shareholder Return
PFLT Price
PennantPark Floating Rate Capital Ltd
| Average Annual Return | 6.49% |
| Standard Deviation of Annual Returns | 19.31% |
| Max Drawdown | -70% |
| Market Capitalization | 675.4m USD |
| Shares Outstanding | 61 630 000 |
| Percentage of Shares Shorted | 0.91% |
Company Profile
PennantPark Floating Rate Capital Ltd
Country
Industry
Market Cap
Dividend Yield
Description
PennantPark Floating Rate Capital Ltd is a non-diversified closed-end management investment company invests in small market-cap and public middle market companies located in the U.S. and to a limited extent non-US companies. The company is headquartered in New York City, New York. The company went IPO on 2011-04-08. The Company’s investment objectives are to generate both current income and capital appreciation while seeking to preserve capital. The firm seeks to achieve its investment objectives by investing primarily in loans bearing variable rates of interest or floating rate loans and other investments made to United States middle-market private companies whose debt is rated below investment grade. Interest on floating rate loans is determined periodically, on the basis of a floating base lending rate, such as LIBOR, with or without a floor, plus a fixed spread. Under normal market conditions, the Company generally expect that at least 80% of the value of its net assets plus any borrowings for investment purposes or its Managed Assets, will be invested in floating rate loans and other investments bearing a variable rate of interest.
Contact
IPO
Employees
Officers
The intrinsic value of one
PFLT
stock under the Base Case scenario is
17.19
USD.
Compared to the current market price of 11.5 USD,
PennantPark Floating Rate Capital Ltd
is
Undervalued by 33%.
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