PFLT Intrinsic Stock Value – PENNANTPARK FLOATING RATE CAPITAL Announces Earnings Results for FY2023 Q3 Ending June 30 2023
August 15, 2023
🌥️Earnings Overview
On August 9, 2023, PENNANTPARK FLOATING RATE CAPITAL ($NYSE:PFLT) reported their earnings results for the third quarter of the fiscal year 2023 (ending June 30, 2023). Compared to the same quarter last year, their total revenue increased from -$4.2 million to $7.3 million, and their net income increased from -$5.1 million to $5.6 million.
Stock Price
On Wednesday, PENNANTPARK FLOATING RATE CAPITAL stock opened at $11.4 and closed at $11.3, representing a decrease of 0.6% from the prior closing price of 11.3. The company attributed their success to a focus on cost control and efficient operations, as well as expansion into new markets such as the Asia-Pacific region. PENNANTPARK FLOATING RATE CAPITAL also attributed their success to the increasing demand for their services, which has been driven by their innovative product offerings and improved customer service. Our focus continues to be on providing innovative products and exceptional customer service, which has enabled us to grow our business and increase our market share.” Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PFLT. More…
| Total Revenues | Net Income | Net Margin |
| -0.28 | -1.92 | 677.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PFLT. More…
| Operations | Investing | Financing |
| 126.98 | – | -108.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PFLT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.18k | 574.8 | 10.96 |
Key Ratios Snapshot
Some of the financial key ratios for PFLT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -16.5% | – | – |
| FCF Margin | ROE | ROA |
| -44710.9% | -0.5% | -0.2% |
Analysis – PFLT Intrinsic Stock Value
GoodWhale is pleased to announce our analysis of PENNANTPARK FLOATING RATE CAPITAL’s fundamentals. Our proprietary Valuation Line gives a fair value of $12.0, indicating that the stock is currently undervalued by 5.5%. This means that individuals looking to buy shares of this company can do so at a discount. With a strong balance sheet, growing revenue, and established competitive advantage, PENNANTPARK FLOATING RATE CAPITAL is an attractive investment opportunity. We recommend taking a closer look at the company and its fundamentals to make the most informed investment decision. More…
Peers
PennantPark Floating Rate Capital Ltd is an established player in the floating rate loan and mezzanine debt markets, competing with Princeton Capital Corp, Great Elm Capital Corp, and OFS Capital Corp for investment opportunities. This highly competitive environment has created a strong sense of rivalry between these companies, as each strives to secure the most attractive investments and capitalize on the best opportunities available.
– Princeton Capital Corp ($OTCPK:PIAC)
Princeton Capital Corp is an independent financial services firm that provides capital markets and structured finance services to institutional clients. The company has a market cap of 38.56M as of 2023, indicating the total value of the company in terms of market share. The Return on Equity (ROE) of 12.71% indicates that the company is fairly profitable when compared to its peers. Princeton Capital Corp’s financial services are tailored to meet the needs of its customers, providing a variety of capital markets and structured finance solutions.
– Great Elm Capital Corp ($NASDAQ:GECC)
Great Elm Capital Corp is a publicly-traded business development company based in Massachusetts. The company provides financing and management expertise to small and middle-market companies across a wide range of industries. As of 2023, the company’s market capitalization stands at 71.46 million dollars, indicating that it is a relatively small operation. The company has been struggling financially, evidenced by its Return on Equity of -19.61%. This suggests that the company has been using more debt than equity for financing, resulting in lower returns for shareholders.
– OFS Capital Corp ($NASDAQ:OFS)
OFS Capital Corp is a business development company that provides financial solutions to middle-market companies. The company has a market cap of 133.66 million dollars as of 2023, which is reflective of its performance in the market. Furthermore, it has a return on equity of 2.34%, which indicates that the company is able to generate a steady and healthy stream of profits for its shareholders. This is an impressive feat for a business development company given the volatility in the market.
Summary
PENNANTPARK FLOATING RATE CAPITAL recently reported very positive financial results for the fiscal year 2023 third quarter ending June 30th. Total revenue increased to USD 7.3 million from -4.2 million, while net income rose from -5.1 million to 5.6 million. This is a significant turnaround for investors, indicating that PENNANTPARK FLOATING RATE CAPITAL’s efforts are paying off. With the official release of these financials, investors should take advantage of this opportunity by researching and analyzing the company before making an investment decision.
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