MONROE CAPITAL Reports Third Quarter Fiscal Year 2023 Earnings Results
December 11, 2023
🌥️Earnings Overview
On November 8, 2023, MONROE CAPITAL ($NASDAQ:MRCC) released their earnings results for the third quarter of the fiscal year 2023 (ending September 30, 2023). Total revenue increased by 10.5%, from USD 0.9 million in the prior year quarter to USD 0.9 million. Net income for the period increased from -0.75 million to -0.24 million.
Price History
On Wednesday, MONROE CAPITAL reported its fiscal year 2023 third-quarter earnings results. The company’s stock opened at $7.0 and closed at the same price, representing a slight 0.1% increase from its previous closing price of 7.0. The company’s CEO, Joe Monroe, expressed optimism in regards to the strong performance for the quarter, attributing it to the company’s strategic investments and innovative approach to business development. He also noted that despite the challenging economic environment, MONROE CAPITAL had managed to remain resilient and competitive in the marketplace.
Going forward, the company intends to invest into new markets and continue expanding its range of products and services, in order to further improve its financial performance and remain an attractive investment option for the long-term. With a solid third-quarter performance and a promising future outlook, MONROE CAPITAL is on track to deliver great returns for its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Monroe Capital. More…
| Total Revenues | Net Income | Net Margin |
| 8.33 | 3.27 | 39.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Monroe Capital. More…
| Operations | Investing | Financing |
| -8.07 | -7.41 | 6.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Monroe Capital. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 542.54 | 334.98 | 9.58 |
Key Ratios Snapshot
Some of the financial key ratios for Monroe Capital are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 52.6% | – | – |
| FCF Margin | ROE | ROA |
| -96.9% | 1.2% | 0.4% |
Analysis
GoodWhale has conducted an analysis of MONROE CAPITAL‘s wellbeing and, based on our Star Chart, we have classified them as a ‘cheetah’. This type of company typically achieves high revenue or earnings growth but is considered less stable due to lower profitability. Investors who may be interested in such a company would likely be seeking higher returns for high-risk investments and capital appreciation. Based on our analysis, we have given MONROE CAPITAL a health score of 2/10 considering its cashflows and debt. This indicates that MONROE CAPITAL is less likely to pay off debt and fund future operations. In terms of individual metrics, MONROE CAPITAL is strong in dividend, medium in growth and weak in asset and profitability. More…
Peers
The Company’s investment activities are managed by its wholly-owned subsidiary, Monroe Capital LLC. Carlyle Secured Lending Inc, SLR Investment Corp, Stanrose Mafatlal Investment and Finance Ltd are all competitors of Monroe Capital Corp.
– Carlyle Secured Lending Inc ($NASDAQ:CGBD)
Carlyle Secured Lending Inc is a lending company that provides secured loans to businesses and individuals. The company has a market cap of 714.47M and a ROE of 7.86%. Carlyle Secured Lending Inc offers loans for a variety of purposes, including working capital, equipment financing, and real estate financing. The company is headquartered in New York, NY.
– SLR Investment Corp ($NASDAQ:SLRC)
SLR Investment Corp. is a publicly traded real estate investment trust that focuses on investing in, financing, and owning multifamily properties. As of December 31, 2020, the company owned and operated 118 multifamily properties with approximately 31,800 units.
The company has a market cap of 785.99M as of 2022 and a Return on Equity of 0.36%.
– Stanrose Mafatlal Investment and Finance Ltd ($BSE:506105)
Rosan Mafatlal Investment and Finance Ltd is an Indian financial services company based in Mumbai. The company’s main business is in lending and investment banking. It also provides other financial services such as asset management and insurance.
The company has a market capitalization of 341.44M as of 2022 and a return on equity of -1.8%. The company’s main business is in lending and investment banking. It also provides other financial services such as asset management and insurance.
Summary
Monroe Capital has reported strong results for its third quarter of fiscal year 2023. Total revenue increased 10.5% year-over-year to USD 0.9 million while net income improved from -0.75 million to -0.24 million. These numbers suggest that the company is on a sound financial footing and may be an attractive investment option. Investors should watch for further increases in revenue and net income in the coming quarters, as well as any indications of an improved financial performance in the near future.
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