PNNT Stock Fair Value Calculator – PENNANT PARK INVESTMENT Reports FY2023 Q3 Earnings Results for June 30 2023
August 24, 2023
🌥️Earnings Overview
On August 9, 2023, PENNANT PARK INVESTMENT ($NYSE:PNNT) reported their financial results for the third quarter of their fiscal year 2023, which ended on June 30, 2023. Compared to the same period in the previous year, their total revenue had a significant increase from -8.1 million to 25.7 million USD. In addition, their net income rose from -18.5 million USD to 21.0 million USD.
Stock Price
On Wednesday, PENNANT PARK INVESTMENT reported its fiscal year 2023 Q3 earnings results for June 30th, 2023. The stock opened at $6.7 and closed at the same price, representing a 0.3% drop from the previous closing price of $6.7. Despite the small decline in price, PENNANT PARK INVESTMENT’s stock has continued to remain relatively stable over the past quarter. The company’s strong financial results for the quarter have been supported by its commitment to a long-term investment strategy and its focus on delivering consistent returns to shareholders.
PENNANT PARK INVESTMENT’s strong financial performance is a testament to its commitment to investing in quality companies and pursuing an active growth strategy. Looking ahead, the company expects to continue to build on its long-term success by further expanding its portfolio and pursuing additional opportunities for growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PNNT. More…
| Total Revenues | Net Income | Net Margin |
| -72.33 | -81 | 112.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PNNT. More…
| Operations | Investing | Financing |
| 192.03 | – | -178.99 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PNNT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.16k | 652.75 | 7.72 |
Key Ratios Snapshot
Some of the financial key ratios for PNNT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 49.9% | – | – |
| FCF Margin | ROE | ROA |
| -265.5% | -10.4% | -4.5% |
Analysis – PNNT Stock Fair Value Calculator
At GoodWhale, we are experts in analyzing the well-being of companies for our customers. Recently, we conducted a thorough analysis of PENNANT PARK INVESTMENT to come to a decision on its value proposition. After running our proprietary Valuation Line, we determined the intrinsic value of a PENNANT PARK INVESTMENT share to be around $7.4. Currently, the stock is traded at $6.7, making it a fair price that is undervalued by 9.9%. Our conclusion is that PENNANT PARK INVESTMENT is an attractive investment opportunity for those looking to capitalize on the market’s mispricing. More…
Peers
Alongside Pennant Park, other major players in the industry include Fidus Investment Corp, Great Elm Capital Corp, and BlackRock TCP Capital Corp. These companies are all highly respected and have established themselves as reliable sources of financial advice and capital.
– Fidus Investment Corp ($NASDAQ:FDUS)
Fidus Investment Corp is a publicly traded business development company that provides capital to small and mid-market private companies. Its market capitalization of 461.38M as of 2022 reflects the company’s financial health and its ability to generate returns for its shareholders. Its Return on Equity (ROE) of 10.97% indicates that the company has managed to generate returns on its investments that are more than 10 times its equity. This is a strong performance and is likely to continue to generate positive returns for the company in the future.
– Great Elm Capital Corp ($NASDAQ:GECC)
Great Elm Capital Corp is a publicly traded investment management company specializing in private credit, public debt, and equity investments for institutional investors. The company has a market cap of 63.17M as of 2022, which indicates that it is a small to mid-size company. Additionally, the company has a Return on Equity of -19.61%, which is an indicator of how efficiently the company uses its equity to generate income. This negative return on equity implies that the company is not utilizing its equity effectively and may be a sign of financial distress.
– BlackRock TCP Capital Corp ($NASDAQ:TCPC)
BlackRock TCP Capital Corp (TCPC) is a publicly-traded business development company that provides capital solutions to middle-market companies. The company has a market capitalization of 735.95M as of 2022, representing the total value of its outstanding shares. Additionally, BlackRock TCP Capital Corp has a Return on Equity (ROE) of 5.48%, meaning that for every dollar invested in the company, shareholders received 5.48 cents in return. BlackRock TCP Capital Corp aims to offer its investors access to attractive risk-adjusted returns by investing in debt securities of middle-market companies.
Summary
PENNANT PARK INVESTMENT reported strong financials for their FY2023 Q3 earnings, with total revenue rising to USD 25.7 million from the prior year’s -8.1 million and net income increasing to USD 21.0 million from -18.5 million. Investors may find these results encouraging given the robust performance of the company. Furthermore, it may be a sign that the business is running well and could be a good long-term investment. In any case, investors should review the company’s financials in more detail to make an informed decision.
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