XNYSPNNT
Market cap213mUSD
Jan 08, Last price
7.19USD
1D
-0.28%
1Q
3.01%
Jan 2017
-6.14%
IPO
-51.32%
Name
Pennantpark Investment Corp
Profile
PennantPark Investment Corporation, a business development company is a private equity fund specializes in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The fund typically invests in buildings and real estate, hotels, gaming and leisure, technology, telecommunications, transportation, information technology services, electronics, healthcare & pharmaceuticals, education and childcare, financial services, printing and publishing, consumer products, business services, energy & Related Services and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, building materials, capital equipment, chemicals, plastics, & rubber, food & beverage, wholesale, manufacturing and basic industries and retail. It invests in equity securities and debt transactions through preferred stock, common stock, warrants, options, senior secured debt, subordinated debt, subordinated loans, first lien debt, mezzanine loans, and distressed debt securities and private equity co-investments. It seeks to invest in companies based in the United States. The fund seeks to invest between $10 million and $100 million cross the capital structure (senior secured loans, subordinated debt, and other investments) in its portfolio companies with EBITDA between $10 to $50 million. Its mezzanine loans, senior secured loans, and other investments in its portfolio companies are between $15 million and $50 million. The fund may also make non-control equity and debt investments.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑09 | 2023‑09 | 2022‑09 | 2021‑09 | 2020‑09 | 2019‑09 | 2018‑09 | 2017‑09 | 2016‑09 | 2015‑09 | |
Income | ||||||||||
Revenues | 115,254 -20.71% | 145,366 38.49% | 104,966 -38.73% | |||||||
Cost of revenue | 3,783 | 5,680 | 118,778 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 111,471 | 139,686 | (13,812) | |||||||
NOPBT Margin | 96.72% | 96.09% | ||||||||
Operating Taxes | 3,096 | 7,671 | 7,879 | |||||||
Tax Rate | 2.78% | 5.49% | ||||||||
NOPAT | 108,375 | 132,015 | (21,691) | |||||||
Net income | 48,851 -244.50% | (33,807) 36.65% | (24,740) -114.85% | |||||||
Dividends | (65,904) | (45,658) | (34,852) | |||||||
Dividend yield | 14.45% | 10.64% | 9.79% | |||||||
Proceeds from repurchase of equity | 552 | (13,249) | ||||||||
BB yield | -0.12% | 3.72% | ||||||||
Debt | ||||||||||
Debt current | 148,571 | 145,472 | ||||||||
Long-term debt | 516,835 | 704,513 | ||||||||
Deferred revenue | (896) | |||||||||
Other long-term liabilities | 746,607 | (688,465) | ||||||||
Net debt | (1,229,340) | (623,587) | (428,982) | |||||||
Cash flow | ||||||||||
Cash from operating activities | (172,396) | 222,941 | (19,402) | |||||||
CAPEX | ||||||||||
Cash from investing activities | (22,137) | |||||||||
Cash from financing activities | 183,434 | (239,158) | 52,043 | |||||||
FCF | (97,099) | 348,319 | 230,139,940 | |||||||
Balance | ||||||||||
Cash | 49,861 | 38,775 | 52,666 | |||||||
Long term investments | 1,328,050 | 1,101,647 | 1,226,301 | |||||||
Excess cash | 1,372,148 | 1,133,154 | 1,273,719 | |||||||
Stockholders' equity | (250,060) | (244,279) | 487,134 | |||||||
Invested Capital | 1,787,717 | 1,294,553 | 959,904 | |||||||
ROIC | 7.03% | 11.71% | ||||||||
ROCE | 7.25% | 13.30% | ||||||||
EV | ||||||||||
Common stock shares outstanding | 65,246 | 65,224 | 65,224 | |||||||
Price | 6.99 6.23% | 6.58 20.51% | 5.46 -15.87% | |||||||
Market cap | 456,070 6.27% | 429,177 20.51% | 356,126 -18.16% | |||||||
EV | (773,270) | (194,410) | 576,882 | |||||||
EBITDA | 111,471 | 139,686 | 90,727 | |||||||
EV/EBITDA | 6.36 | |||||||||
Interest | 45,188 | 39,408 | 28,760 | |||||||
Interest/NOPBT | 40.54% | 28.21% |