Gladstone Investment Intrinsic Stock Value – GLADSTONE INVESTMENT Reports First Quarter Earnings for FY2024
August 10, 2023
🌥️Earnings Overview
GLADSTONE INVESTMENT ($NASDAQ:GAIN) released its earnings results for Q1 of FY2024, ending June 30 2023. Total revenue was reported to be USD 7.4 million, a drop of 37.7% in comparison to the same period of the previous year. Net income was reported to be USD 8.8 million, a decrease of 27.0% year-on-year.
Price History
On Wednesday, GLADSTONE INVESTMENT reported their first quarter earnings for the fiscal year of 2024. The stock opened at $13.5 and closed at the same price, a 0.7% drop from its previous closing price of 13.6. The company attributed this decline to the weakened demand in the market due to the current pandemic situation.
The company has been able to maintain its dividends and increase its investments in the market. This is seen as a positive sign for the future of the company and its stock value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gladstone Investment. More…
| Total Revenues | Net Income | Net Margin |
| 28.18 | 32.3 | 114.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gladstone Investment. More…
| Operations | Investing | Financing |
| -82.26 | – | 75.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gladstone Investment. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 847.12 | 410.69 | 12.99 |
Key Ratios Snapshot
Some of the financial key ratios for Gladstone Investment are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 113.4% | – | – |
| FCF Margin | ROE | ROA |
| -291.9% | 4.6% | 2.4% |
Analysis – Gladstone Investment Intrinsic Stock Value
GoodWhale conducted an analysis on GLADSTONE INVESTMENT‘s fundamentals and was able to estimate the intrinsic value of a GLADSTONE INVESTMENT share at around $7.4. This figure was calculated using our proprietary Valuation Line. As of now, GLADSTONE INVESTMENT stock is being traded at $13.5, making it overvalued by 83.5%. More…
Peers
Gladstone Capital’s competitors include BlackRock Capital Investment Corporation, Urbana Corporation, and other private equity firms.
– Gladstone Capital Corp ($NASDAQ:GLAD)
Gladstone Capital Corporation is a publicly traded business development company that provides debt and equity financing solutions for small and mid-sized businesses in the United States. The Company invests in a variety of industries, including manufacturing, healthcare, business services, and technology. As of 2022, the Company had a market capitalization of 339.27 million and a return on equity of 9.31%.
– BlackRock Capital Investment Corp ($NASDAQ:BKCC)
BlackRock Capital Investment Corporation is a business development company specializing in investments in middle market companies. The firm also invests in companies with public equity, mezzanine, senior and junior debt, and real estate. It seeks to invest between $5 million and $50 million in companies with enterprise value between $25 million and $250 million. The firm primarily invests in the United States. BlackRock Capital Investment Corporation was founded in 1999 and is based in Greenwich, Connecticut.
– Urbana Corp ($TSX:URB.A)
Urbana Corp is a holding company that operates through its subsidiaries. The company has a market cap of 164.73M as of 2022 and a Return on Equity of 3.8%. Urbana Corp’s subsidiaries engage in the business of real estate development, construction, and management. The company was founded in 1992 and is headquartered in Vancouver, Canada.
Summary
GLADSTONE INVESTMENT reported a decrease in both total revenue and net income for the first quarter of FY2024, ending June 30 2023. Total revenue was USD 7.4 million, which is a 37.7% decline compared to the same period from the previous year. Net income was 8.8 million, a decrease of 27.0%.
This could be an indicator of a struggling business and investors should consider their options carefully before investing in GLADSTONE INVESTMENT. They must consider factors such as the current market environment, company performance and macroeconomic conditions before deciding whether or not to invest in the company.
