PennantPark Floating Rate Capital Ltd
NYSE:PFLT
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
52 Week Range |
10.49
12.61
|
Price Target |
|
We'll email you a reminder when the closing price reaches USD.
Choose the stock you wish to monitor with a price alert.
This alert will be permanently deleted.
Intrinsic Value
The intrinsic value of one PFLT stock under the Base Case scenario is 16.5 USD. Compared to the current market price of 11.06 USD, PennantPark Floating Rate Capital Ltd is Undervalued by 33%.
The Intrinsic Value is calculated as the average of DCF and Relative values:
Valuation Backtest
PennantPark Floating Rate Capital Ltd
Uncover deeper insights with the Valuation Backtest. Learn how current stock valuations stack up against historical averages to gauge true investment potential.
Start backtest now and learn if your stock is truly undervalued or overvalued!
Stock is trading at its lowest valuation over the past 5 years.
To access the results of this valuation backtest, please register an account with us. Registration is quick and gives you instant access to insights on 3 stocks per week for free.
The backtest for PFLT cannot be conducted due to limitations such as insufficient data or other constraints. Please select a different stock or adjust your settings.
Fundamental Analysis
Economic Moat
PennantPark Floating Rate Capital Ltd
Select up to 3 indicators:
Select up to 3 indicators:
Months
Months
Months
Months
Select up to 2 periods:
Revenue & Expenses Breakdown
PennantPark Floating Rate Capital Ltd
Balance Sheet Decomposition
PennantPark Floating Rate Capital Ltd
Current Assets | 98m |
Cash & Short-Term Investments | 84.6m |
Receivables | 13.2m |
Other Current Assets | 152k |
Non-Current Assets | 1.7B |
Long-Term Investments | 1.7B |
Current Liabilities | 42.2m |
Accounts Payable | 9.2m |
Accrued Liabilities | 16.4m |
Other Current Liabilities | 16.6m |
Non-Current Liabilities | 897.9m |
Long-Term Debt | 896.4m |
Other Non-Current Liabilities | 1.6m |
Earnings Waterfall
PennantPark Floating Rate Capital Ltd
Revenue
|
166.6m
USD
|
Cost of Revenue
|
-81.1m
USD
|
Gross Profit
|
85.5m
USD
|
Operating Expenses
|
-6.2m
USD
|
Operating Income
|
79.3m
USD
|
Other Expenses
|
19.2m
USD
|
Net Income
|
98.5m
USD
|
Free Cash Flow Analysis
PennantPark Floating Rate Capital Ltd
USD | |
Free Cash Flow | USD |
PennantPark Floating Rate Capital reported strong results for the quarter ended June 30, with a 12% growth in portfolio to $1.7 billion and a net investment income of $0.31 per share. The company invested $321 million in 58 companies at an 11.5% yield and expects a robust second half of 2024. Despite tightening market spreads by 50-75 basis points, investments maintained low leverage and high covenant protections. The debt-to-equity ratio is 1.1:1 with substantial liquidity, and plans to upsize the JV portfolio to $1 billion further bolster future growth. The company emphasizes capital preservation and strategic equity co-investments, achieving a 26% IRR since inception.
What is Earnings Call?
PFLT Profitability Score
Profitability Due Diligence
PennantPark Floating Rate Capital Ltd's profitability score is 55/100. The higher the profitability score, the more profitable the company is.
Score
PennantPark Floating Rate Capital Ltd's profitability score is 55/100. 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 32/100. The higher the solvency score, the more solvent the company is.
Score
PennantPark Floating Rate Capital Ltd's solvency score is 32/100. 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 11.9 USD with a low forecast of 11.11 USD and a high forecast of 12.6 USD.
Dividends
Current shareholder yield for PFLT is .
Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?
Ownership
PFLT Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
---|---|---|---|
3 Months |
|
|
|
6 Months |
|
|
|
9 Months |
|
|
|
12 Months |
|
|
|
Profile
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 16.5 USD.
Compared to the current market price of 11.06 USD, PennantPark Floating Rate Capital Ltd is Undervalued by 33%.