Pennantpark Investment Corp
NASDAQ:PNNT
Intrinsic Value
PennantPark Investment Corporation is a publicly listed business development firm specializing in direct and mezzanine investments in middle market companies. [ Read More ]
The intrinsic value of one
PNNT
stock under the Base Case scenario is
13.56
USD.
Compared to the current market price of 6.9 USD,
Pennantpark Investment Corp
is
Undervalued by 49%.
PNNT 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 Investment Corp's market capitalization is 450m USD.
PNNT stock price is 6.9 USD.
PNNT stock price (6.9 USD) is 49% less than its Intrinsic Value (13.56 USD).
PNNT has upside potential of 6% compared to the average analyst price target.
Open Wall St Estimates
PNNT's ROE (Return on Equity) for the past 12 months is positive and is equal to 10%.
PNNT's ROIC (Return on Invested Capital) has increased in the last 3 years from 3% to 6%.
PNNT's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 6%.
PNNT's Revenue has grown by an exceptional 40% over the past 12 months.
PNNT's D/E (Debt to Equity) is equal to 1.5.
PNNT has positive three-year average ROE (Return on Equity): 5%. The company is efficient at transforming stockholders' equity into net income.
PNNT's ROE (Return on Equity) has significantly decreased in the last 3 years from 24% to 10%.
PNNT 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.
PNNT's Revenue has been growing by 17% per year for the last 3 years.
PNNT's long-term assets (1B USD) exceed its long-term liabilties (768m USD).
PNNT has positive Operating Income for the last twelve months.
PNNT has positive Net Income for the last twelve months.
PNNT has positive Gross Profit for the last twelve months.
PNNT's short-term assets (56m USD) exceed its short-term liabilties (21m USD).
PNNT has positive Free Cash Flow for the last twelve months.
PNNT has positive Net Debt. This means that the company has more debt (747m USD) than cash and short-term investments (37m USD).
PNNT's Altman Z-Score is very low and is equal to 0.39.
PNNT generates enough operating income (73m USD) to cover interest payments on its debt (38m USD).
Valuation Backtest
Pennantpark Investment Corp
Run backtest to discover the historical profit from buying and selling
PNNT
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 Investment Corp
Balance Sheet Decomposition
Pennantpark Investment Corp
| Current Assets | 56.5m |
| Cash & Short-Term Investments | 36.9m |
| Receivables | 15.4m |
| Other Current Assets | 4.1m |
| Non-Current Assets | 1.2B |
| Long-Term Investments | 1.2B |
| Current Liabilities | 20.9m |
| Accounts Payable | 1.6m |
| Accrued Liabilities | 7.4m |
| Other Current Liabilities | 11.9m |
| Non-Current Liabilities | 747.2m |
| Long-Term Debt | 747.2m |
Earnings Waterfall
Pennantpark Investment Corp
|
Revenue
|
149.7m
USD
|
|
Cost of Revenue
|
-70.2m
USD
|
|
Gross Profit
|
79.5m
USD
|
|
Operating Expenses
|
-6.3m
USD
|
|
Operating Income
|
73.3m
USD
|
|
Other Expenses
|
-24.5m
USD
|
|
Net Income
|
48.7m
USD
|
Free Cash Flow Analysis
Pennantpark Investment Corp
What is Free Cash Flow?
PNNT Profitability Score
Profitability Due Diligence
Pennantpark Investment Corp's profitability score is 62/100. The higher the profitability score, the more profitable the company is.
Score
Pennantpark Investment Corp's profitability score is 62/100. The higher the profitability score, the more profitable the company is.
PNNT Solvency Score
Solvency Due Diligence
Pennantpark Investment Corp's solvency score is 29/100. The higher the solvency score, the more solvent the company is.
Score
Pennantpark Investment Corp's solvency score is 29/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
PNNT Price Targets Summary
Pennantpark Investment Corp
According to Wall Street analysts, the average 1-year price target for
PNNT
is 7.29 USD
with a low forecast of 6.57 USD and a high forecast of 8.4 USD.
Ownership
PNNT Insider Trading
Buy and sell transactions by insiders
| Period | Sold | Bought | Net |
|---|---|---|---|
| 3 Months |
|
|
|
| 6 Months |
|
|
|
| 9 Months |
|
|
|
| 12 Months |
|
|
|
Shareholder Return
PNNT Price
Pennantpark Investment Corp
| Average Annual Return | 9.27% |
| Standard Deviation of Annual Returns | 39.56% |
| Max Drawdown | -69% |
| Market Capitalization | 450m USD |
| Shares Outstanding | 65 220 000 |
| Percentage of Shares Shorted | 1.2% |
Company Profile
Pennantpark Investment Corp
Country
Industry
Market Cap
Dividend Yield
Description
PennantPark Investment Corporation is a publicly listed business development firm specializing in direct and mezzanine investments in middle market companies. The company is headquartered in New York City, New York and currently employs 0 full-time employees. The company went IPO on 2007-04-19. The firm is a business development company, whose objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments. The company invests primarily in United States middle-market companies in the form of first lien secured debt, second lien secured debt, subordinated debt to a lesser extent and equity investments. The Company’s debt investments range in maturity from 3 to 10 years and are made to the United States and to a limited extent, non-United States corporations, partnerships and other business entities, which operate in various industries and geographical regions. The company invests in sectors, including media, hotels, motels, inns and gaming, aerospace and defense, building materials, environmental services, healthcare, education and childcare, consumer products and the auto sector.
Contact
IPO
Employees
Officers
The intrinsic value of one
PNNT
stock under the Base Case scenario is
13.56
USD.
Compared to the current market price of 6.9 USD,
Pennantpark Investment Corp
is
Undervalued by 49%.
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