Saratoga Investment Corp

Chart & Performance

D1W1MN

P/E

36.58

P/S

2.27

EPS

0.65

Div Yield, %

9.81%

Shrs. gr., 5y

12.45%

Rev. gr., 5y

42.15%

Revenues

144m

+45.17%

Net income

-63.80%

CFO

-157m

L+20.58%

Dividend

Sep 11, 20240.74 USD/sh

Earnings

Jan 07, 2025

Profile

Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity. The firm prefers to invest in aerospace, automotive aftermarket and services, business products and services, consumer products and services, education, environmental services, industrial services, financial services, food and beverage, healthcare products and services, logistics, distribution, manufacturing, restaurants services, food services, software services, technology services, specialty chemical, media and telecommunications. It seeks to invest in the United States. The firm primarily invests $5 million to $50 million in companies having EBITDA of $2 million or greater and revenues of $8 million to $250 million. The firm prefer to take a majority stake. It invests through direct lending as well as participation in loan syndicates. The firm was formerly known as GSC Investment Corp. Saratoga Investment Corp. is based in New York, New York with an additional office in Florham Park, New Jersey.

URL

https://saratogainvestmentcorp.com/

IPO date

Aug 13, 2010

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑02	2023‑02	2022‑02	2021‑02	2020‑02	2019‑02	2018‑02	2017‑02	2016‑02	2015‑02
Income
Revenues	143,873 45.17%	99,104 72.11%	57,582 118.75%
Cost of revenue	35,947	99,174,880	33,233
Unusual Expense (Income)
NOPBT	107,927	(99,075,776)	24,349
NOPBT Margin	75.02%		42.29%
Operating Taxes	1,873	2,081	2,782
Tax Rate	1.74%		11.43%
NOPAT	106,054	(99,077,857)	21,567
Net income	8,934 -63.80%	24,676 -46.05%	45,735 209.50%
Dividends	(32,054)	(22,665)	(18,158)
Dividend yield	10.71%	6.88%	5.77%
Proceeds from repurchase of equity	46,857	(10,824)	24,290
BB yield	-15.66%	3.28%	-7.72%
Debt
Debt current			306,914,578
Long-term debt		678,626	498,878
Deferred revenue		731,200	(1,249,015)
Other long-term liabilities		244,811,905	(495,278)
Net debt	(1,147,487)	(66,040,459)	306,543,019
Cash flow
Cash from operating activities	(157,207)	(130,374)	(203,134)
CAPEX
Cash from investing activities		2,245,360	(55,076,288)
Cash from financing activities	101,638	173,580	226,089
FCF	8,795,803	199,047,945	(187,538,264)
Balance
Cash	8,693	65,746,494	52,870
Long term investments	1,138,794	972,590	817,567
Excess cash	1,140,293	66,714,129	867,559
Stockholders' equity	(857)	665,166	501,433
Invested Capital	1,192,063	(2,403,580)	306,033,319
ROIC			0.01%
ROCE	9.06%		0.01%
EV
Common stock shares outstanding	12,671	11,964	11,457
Price	23.61 -14.30%	27.55 0.29%	27.47 19.02%
Market cap	299,161 -9.23%	329,595 4.73%	314,714 21.87%
EV	(848,326)	(65,070,762)	307,331,447
EBITDA	107,927	(94,657,295)	4,442,830
EV/EBITDA		0.69	69.17
Interest	49,180	33,498	19,881
Interest/NOPBT	45.57%		81.65%