P

PennantPark Floating Rate Capital Ltd
NYSE:PFLT

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PennantPark Floating Rate Capital Ltd
NYSE:PFLT
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Price: 10.71 USD 0.28%
Market Cap: 891.4m USD
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Relative Value

The Relative Value of one PFLT stock under the Base Case scenario is 16.93 USD. Compared to the current market price of 10.71 USD, PennantPark Floating Rate Capital Ltd is Undervalued by 37%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

PFLT Relative Value
Base Case
16.93 USD
Undervaluation 37%
Relative Value
Price
P
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
28
vs Industry
Median 3Y
4.6
Median 5Y
4.4
Industry
3.1
Forward
3.6
vs History
49
vs Industry
Median 3Y
9.3
Median 5Y
9.4
Industry
15.3
Forward
7.8
vs History
vs Industry
Median 3Y
-1.9
Median 5Y
-1.9
Industry
10.2
vs History
vs Industry
Median 3Y
-6.1
Median 5Y
-5
Industry
12.7
vs History
14
vs Industry
Median 3Y
0.9
Median 5Y
0.8
Industry
1.3
vs History
28
vs Industry
Median 3Y
9.8
Median 5Y
9.7
Industry
4.8
Forward
8.2
vs History
28
vs Industry
Median 3Y
20
Median 5Y
19
Industry
7
vs History
20
vs Industry
Median 3Y
21.5
Median 5Y
20.6
Industry
14.2
vs History
20
vs Industry
Median 3Y
21.5
Median 5Y
20.6
Industry
14.6
vs History
vs Industry
Median 3Y
-3.7
Median 5Y
-3.7
Industry
12.4
vs History
vs Industry
Median 3Y
-3.7
Median 5Y
-3.7
Industry
13.5
vs History
12
vs Industry
Median 3Y
0.9
Median 5Y
0.9
Industry
0.9

Multiples Across Competitors

PFLT Competitors Multiples
PennantPark Floating Rate Capital Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
PennantPark Floating Rate Capital Ltd
NYSE:PFLT
828.6m USD 4.4 9 24 24
US
Blackstone Inc
NYSE:BX
205.3B USD 18.1 93.5 37.8 38.1
US
BlackRock Inc
NYSE:BLK
151.7B USD 7.9 25.1 19.5 20.7
US
KKR & Co Inc
NYSE:KKR
129.4B USD 5.4 43.6 167.3 167.3
CA
Brookfield Corp
NYSE:BN
84.4B USD 0.9 115.1 9.9 14.2
LU
Reinet Investments SCA
JSE:RNI
61.7B Zac 0 0 0 0
ZA
Ninety One Ltd
JSE:NY1
61.6B Zac 0 0 0 0
MU
African Rainbow Capital Investments Ltd
JSE:AIL
60.3B Zac 0 0 0 0
US
Bank of New York Mellon Corp
NYSE:BK
56.2B USD 3.1 16.7 53.9 0
US
Ameriprise Financial Inc
NYSE:AMP
51.9B USD 3 19.1 18 18
UK
3i Group PLC
LSE:III
34.6B GBP 8.6 9 9.3 9.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
P
PennantPark Floating Rate Capital Ltd
NYSE:PFLT
Average EV/EBITDA: 42.5
24
N/A N/A
US
Blackstone Inc
NYSE:BX
37.8
244%
0.2
US
BlackRock Inc
NYSE:BLK
19.5
71%
0.3
US
KKR & Co Inc
NYSE:KKR
167.3
317%
0.5
CA
Brookfield Corp
NYSE:BN
9.9
-56%
N/A
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
MU
A
African Rainbow Capital Investments Ltd
JSE:AIL
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
53.9
N/A N/A
US
Ameriprise Financial Inc
NYSE:AMP
18
38%
0.5
UK
3i Group PLC
LSE:III
9.3
43%
0.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
P
PennantPark Floating Rate Capital Ltd
NYSE:PFLT
Average EV/EBIT: 41.6
24
N/A N/A
US
Blackstone Inc
NYSE:BX
38.1
214%
0.2
US
BlackRock Inc
NYSE:BLK
20.7
71%
0.3
US
KKR & Co Inc
NYSE:KKR
167.3
225%
0.7
CA
Brookfield Corp
NYSE:BN
14.2
-79%
N/A
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
MU
A
African Rainbow Capital Investments Ltd
JSE:AIL
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
Not Available N/A N/A
US
Ameriprise Financial Inc
NYSE:AMP
18
17%
1.1
UK
3i Group PLC
LSE:III
9.3
65%
0.1

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