Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.04
PFLT's Cash to Debt is ranked lower than
71% of the 1088 Companies
in the Global Asset Management industry.

( Industry Median: 10000.00 vs. PFLT: 0.04 )
PFLT' s 10-Year Cash to Debt Range
Min: 0.04   Max: No Debt
Current: 0.04

Equity to Asset 0.55
PFLT's Equity to Asset is ranked lower than
56% of the 1194 Companies
in the Global Asset Management industry.

( Industry Median: 0.82 vs. PFLT: 0.55 )
PFLT' s 10-Year Equity to Asset Range
Min: 0.52   Max: 0.74
Current: 0.55

0.52
0.74
Interest Coverage 5.68
PFLT's Interest Coverage is ranked lower than
63% of the 1019 Companies
in the Global Asset Management industry.

( Industry Median: 418.25 vs. PFLT: 5.68 )
PFLT' s 10-Year Interest Coverage Range
Min: 4.26   Max: 5.68
Current: 5.68

4.26
5.68
Z-Score: 0.79
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 55.77
PFLT's Operating margin (%) is ranked higher than
66% of the 1211 Companies
in the Global Asset Management industry.

( Industry Median: 46.76 vs. PFLT: 55.77 )
PFLT' s 10-Year Operating margin (%) Range
Min: 52.15   Max: 55.77
Current: 55.77

52.15
55.77
Net-margin (%) 63.52
PFLT's Net-margin (%) is ranked higher than
67% of the 1221 Companies
in the Global Asset Management industry.

( Industry Median: 45.43 vs. PFLT: 63.52 )
PFLT' s 10-Year Net-margin (%) Range
Min: 63.52   Max: 98.86
Current: 63.52

63.52
98.86
ROE (%) 5.71
PFLT's ROE (%) is ranked higher than
60% of the 1270 Companies
in the Global Asset Management industry.

( Industry Median: 7.95 vs. PFLT: 5.71 )
PFLT' s 10-Year ROE (%) Range
Min: 5.71   Max: 12.49
Current: 5.71

5.71
12.49
ROA (%) 3.65
PFLT's ROA (%) is ranked higher than
61% of the 1283 Companies
in the Global Asset Management industry.

( Industry Median: 4.32 vs. PFLT: 3.65 )
PFLT' s 10-Year ROA (%) Range
Min: 3.65   Max: 6.71
Current: 3.65

3.65
6.71
» PFLT's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Insider Trades

Latest Guru Trades with PFLT



No Insider Trades Found!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 9.90
PFLT's P/E(ttm) is ranked higher than
65% of the 969 Companies
in the Global Asset Management industry.

( Industry Median: 12.20 vs. PFLT: 9.90 )
PFLT' s 10-Year P/E(ttm) Range
Min: 7.16   Max: 11.12
Current: 9.9

7.16
11.12
P/B 0.97
PFLT's P/B is ranked higher than
57% of the 1193 Companies
in the Global Asset Management industry.

( Industry Median: 0.98 vs. PFLT: 0.97 )
PFLT' s 10-Year P/B Range
Min: 0.89   Max: 1.05
Current: 0.97

0.89
1.05
P/S 7.21
PFLT's P/S is ranked lower than
62% of the 1233 Companies
in the Global Asset Management industry.

( Industry Median: 5.21 vs. PFLT: 7.21 )
PFLT' s 10-Year P/S Range
Min: 6.25   Max: 7.51
Current: 7.21

6.25
7.51
EV-to-EBIT 29.07
PFLT's EV-to-EBIT is ranked lower than
63% of the 993 Companies
in the Global Asset Management industry.

( Industry Median: 13.50 vs. PFLT: 29.07 )
PFLT' s 10-Year EV-to-EBIT Range
Min: 11.9   Max: 29.5
Current: 29.07

11.9
29.5

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 7.80
PFLT's Dividend Yield is ranked higher than
86% of the 959 Companies
in the Global Asset Management industry.

( Industry Median: 3.28 vs. PFLT: 7.80 )
PFLT' s 10-Year Dividend Yield Range
Min: 6.64   Max: 7.83
Current: 7.8

6.64
7.83
Dividend Payout 0.66
PFLT's Dividend Payout is ranked lower than
56% of the 743 Companies
in the Global Asset Management industry.

( Industry Median: 0.37 vs. PFLT: 0.66 )
PFLT' s 10-Year Dividend Payout Range
Min: 0.34   Max: 3.92
Current: 0.66

0.34
3.92
Yield on cost (5-Year) 7.80
PFLT's Yield on cost (5-Year) is ranked higher than
82% of the 983 Companies
in the Global Asset Management industry.

( Industry Median: 3.61 vs. PFLT: 7.80 )
PFLT' s 10-Year Yield on cost (5-Year) Range
Min: 6.64   Max: 7.83
Current: 7.8

6.64
7.83

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.97
PFLT's Price/Tangible Book is ranked higher than
58% of the 1113 Companies
in the Global Asset Management industry.

( Industry Median: 1.00 vs. PFLT: 0.97 )
PFLT' s 10-Year Price/Tangible Book Range
Min: 0.75   Max: 1.01
Current: 0.97

0.75
1.01
Price/Median PS Value 1.07
PFLT's Price/Median PS Value is ranked higher than
58% of the 1017 Companies
in the Global Asset Management industry.

( Industry Median: 1.10 vs. PFLT: 1.07 )
PFLT' s 10-Year Price/Median PS Value Range
Min: 0.94   Max: 1.06
Current: 1.07

0.94
1.06
Price/Graham Number 0.74
PFLT's Price/Graham Number is ranked higher than
60% of the 903 Companies
in the Global Asset Management industry.

( Industry Median: 0.70 vs. PFLT: 0.74 )
PFLT' s 10-Year Price/Graham Number Range
Min: 0.57   Max: 0.85
Current: 0.74

0.57
0.85
Earnings Yield (Greenblatt) 3.40
PFLT's Earnings Yield (Greenblatt) is ranked lower than
58% of the 1024 Companies
in the Global Asset Management industry.

( Industry Median: 7.60 vs. PFLT: 3.40 )
PFLT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.4   Max: 8.4
Current: 3.4

3.4
8.4

Business Description

Industry: Asset Management » Asset Management
Compare: » details
Traded in other countries:22P.Germany
PennantPark Floating Rate Capital was formed on October 28, 2010 as a Maryland Corporation. It is a newly organized, externally managed, closed-end, non-diversified management investment company. It intends to qualify annually, as a regulated investment company. It principally invests in U.S. middle-market private companies in the form of senior secured loans, mezzanine debt, and equity investments. From time to time, the Company may also invest in public companies whose securities are thinly traded. Its investment objective is to seek high current income. It currently intends to focus primarily on the following attributes: Leading, defensible market positions, Investing in stable portfolio companies with positive cash flow, Proven management teams, Private equity sponsorship & Investments in different portfolio companies and industries. It believes that the limited amount of capital available to the middle-market companies, coupled with the desire of these companies for flexible sources of capital, creates an attractive investment environment for PennantPark Floating Rate Capital: it believes middle-market companies have faced increasing difficulty in raising debt through the capital markets, middle-market companies have faced difficulty raising debt in private markets, current credit market dislocation for middle-market companies improves the risk-adjusted returns of its investments & there is substantial supply of opportunities resulting from refinancing. It believes that it has the following competitive advantages over other capital providers to middle-market companies: Experienced Management Team, Disciplined Investment Approach with Strong Value Orientation, Ability to Source and Evaluate Transactions through the Investment Adviser's Research Capability and Established Network, Flexible Transaction Structuring & Longer Investment Horizon with Attractive Publicly Traded Model. Its primary competitors provide financing to middle-market companies and include other business development companies and closed-end funds, commercial and investment banks, commercial finance companies and, to the extent they provide an alternative form of financing, private equity funds. Additionally, alternative investment vehicles, such as hedge funds, frequently invest in middle-market companies. As a result, competition for investment opportunities at middle-market companies can be intense.

Personalized Checklist








Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

Add Notes, Comments or Ask Questions

User Comments

No comment yet

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide