PTMN Stock Fair Value – PORTMAN RIDGE FINANCE Reports Second Quarter FY2023 Earnings Results on June 30 2023
August 13, 2023
🌥️Earnings Overview
On June 30, 2023, PORTMAN RIDGE FINANCE ($NASDAQ:PTMN) released their financial results for the second quarter of FY2023. Total revenue for the quarter rose 84.3% compared to the year prior, totaling -USD 0.9 million. Net income also saw a substantial improvement, rising to -USD 3.1 million from -USD 8.4 million from the same period in the prior year.
Share Price
PORTMAN RIDGE FINANCE stock opened at $20.6 and closed at $20.6, a decrease of 0.2% from the previous closing price of $20.6. The company’s management team and board of directors remain confident in the company’s direction and future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PTMN. More…
| Total Revenues | Net Income | Net Margin |
| -11.81 | -19.68 | 166.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PTMN. More…
| Operations | Investing | Financing |
| 49.71 | – | -58.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PTMN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 557.24 | 342.23 | 22.54 |
Key Ratios Snapshot
Some of the financial key ratios for PTMN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 403.0% | – | – |
| FCF Margin | ROE | ROA |
| -420.9% | -5.6% | -2.2% |
Analysis – PTMN Stock Fair Value
At GoodWhale, we recently conducted an analysis of PORTMAN RIDGE FINANCE’s financials. We have derived our proprietary Valuation Line, which implies that the intrinsic value of PORTMAN RIDGE FINANCE’s share is around $17.4. However, the stock is currently being traded at $20.6, which is a fair price that is overvalued by 18.5%. More…
Peers
The company has a team of experienced and qualified professionals who are dedicated to providing the best possible financing options to their clients. The company offers a wide range of financing products and services to its clients. The company has a strong presence in the market and is one of the leading providers of financing solutions.
– Goldman Sachs BDC Inc ($NYSE:GSBD)
Goldman Sachs BDC Inc. is a business development company specializing in investments in middle-market companies. Goldman Sachs BDC Inc. is based in New York, New York and was founded in 2014.
– Great Elm Capital Corp ($NASDAQ:GECC)
The company’s market cap is quite small compared to its competitors, however its ROE is quite high. The company’s main focus is on providing growth capital to small and medium sized businesses. Its portfolio companies span a wide range of industries, including healthcare, technology, consumer, and industrial.
– Saratoga Investment Corp ($NYSE:SAR)
Saratoga Investment Corp is a publicly traded business development company that provides financing solutions primarily through middle-market lending, mezzanine debt, and equity investments. The company was founded in 2004 and is headquartered in New York, NY. As of December 31, 2020, Saratoga Investment Corp had $1.4 billion of assets under management.
Summary
Portman Ridge Finance reported a strong quarter of earnings for the second quarter of FY2023, with total revenue increasing by 84.3% year-on-year to -USD 0.9 million and net income rising from -USD 8.4 million to -USD 3.1 million. Investors should be encouraged by this improvement and may want to consider increasing their exposure to the company, as this is likely indicative of a positive trend in overall performance. Overall, it appears that Portman Ridge Finance is on track to continue to deliver strong financial returns in the future.
