CION Investment Corporation (CION)
Full history for every metric is available with a Kvantra account
No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 35 | 164 | 111 | 192 | 143 | 201 | 137 | 194 |
| Operating profit | $m | 70 | 61 | ||||||
| Net profit | $m | -11 | 119 | 50 | 95 | 34 | -21 | 13 | 59 |
| EPS reported | $ | -0.39 | 0.27 | ||||||
| Operating cashflow per share | $ | 1.47 | 0.43 | ||||||
| Capex per share | $ | 0.00 | 0.00 | ||||||
| FCF per share | $ | 1.47 | 0.43 | ||||||
| Free cash flow | $m | 77 | 21 | ||||||
| Net debt | $m | 1,001 | 997 | ||||||
| Book value equity | $m | 708 | 668 | ||||||
| Book value per share | $ | 13.52 | 13.45 | ||||||
| Number of shares | m | 52.34 | 49.66 | ||||||
| DPS (TTM paid) | $ | 1.44 | 1.56 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | 26.19 | ||||||
| P/B LTM | x | 0.72 | 0.76 | ||||||
| P/S LTM | x | 2.51 | 3.69 | ||||||
| P/FCF LTM | x | 6.59 | 23.70 | ||||||
| EV/EBITDA LTM | x | 23.25 | 25.74 | ||||||
| EV/Sales LTM | x | 8.07 | 11.06 | ||||||
| Earnings Yield LTM | % | -4.08% | +3.82% | ||||||
| FCF Yield | % | +15.18% | +4.22% | ||||||
| Quality | |||||||||
| ROE | % | -2.92% | +1.84% | ||||||
| ROIC | % | +3.75% | +3.35% | ||||||
| Operating margin | % | +34.69% | +44.60% | ||||||
| Gross margin | % | +74.41% | +52.28% | ||||||
| FCF/Sales | % | +38.18% | +15.57% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | -57.14% | ||||||
| Sales Growth YoY | % | +40.91% | -3.92% | ||||||
| Net Income Growth YoY | % | - | -61.81% | ||||||
| FCF Growth | % | -12.88% | -75.78% | ||||||
| Operating Profit Growth | % | +105.31% | +79.93% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +15.42% | +15.80% | ||||||
| Dividend Growth | % | -5.26% | +2.63% | ||||||
| Payout Ratio | % | -382.22% | +487.08% | ||||||
| FCF/Debt | x | 0.07 | 0.02 | ||||||
| Net Debt/EBITDA | x | 16.00 | 18.27 | ||||||
| EBIT/Net interest | x | 0.77 | 0.66 | ||||||
| Net debt/market cap | % | +2.22% | +3.17% | ||||||
| Net debt/Equity | x | 1.42 | 1.49 | ||||||
| Gross debt/equity | x | 1.59 | 1.74 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
CION Investment Corporation operates as a Business Development Company (BDC) with a core focus on providing capital to middle-market businesses. It specializes in various debt instruments, including senior secured loans (such as unitranche, First Lien, and second lien loans), long-term subordinated loans, mezzanine debt, corporate bonds, and other debt securities. Additionally, the firm acquires equity interests, like warrants or options, in these target companies. CION supports diverse corporate initiatives, ranging from funding for growth and acquisitions to leveraged buyouts, market and product expansion, refinancing existing debt, and recapitalization efforts. Up to 30% of its assets may also be allocated to opportunistic investments, which can include securities issued by larger public corporations and foreign holdings. The company actively participates in the secondary loan market but explicitly avoids investing in start-up ventures, companies undergoing turnaround situations, or those with speculative business models. Its investment activities are predominantly focused within the United States. CION demonstrates a broad investment appetite across numerous sectors, including high technology, healthcare, pharmaceuticals, business services, media, chemicals, plastics, rubber, telecommunications, consumer services, advertising, printing and publishing, consumer goods (both durables and non-durables), diversified financials, homebuilding, restaurants, hospitality (beverage and tobacco bars), broadcasting, various distribution channels, food and beverage, energy (oil, gas, and consumables fuels), insurance, aerospace and defense, industrial machinery, paper and forest products, information technology, metals and mining, and real estate. Typically, the firm commits between $5 million and $50 million per investment to companies generating an EBITDA of $25 million to $75 million, with an average target hold size of $25 million. CION also acquires minority stakes, in the form of either common or preferred equity, within target companies. These equity investments are generally made in conjunction with its debt offerings or through co-investments alongside financial sponsors. Successful exits from its investments are usually achieved via an initial public offering (IPO), a merger, a direct sale, or other recapitalization events.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
CION Investment Corporation (CION)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
CION Investment Corporation operates as a Business Development Company (BDC) with a core focus on providing capital to middle-market businesses. It specializes in various debt instruments, including senior secured loans (such as unitranche, First Lien, and second lien loans), long-term subordinated loans, mezzanine debt, corporate bonds, and other debt securities. Additionally, the firm acquires equity interests, like warrants or options, in these target companies. CION supports diverse corporate initiatives, ranging from funding for growth and acquisitions to leveraged buyouts, market and product expansion, refinancing existing debt, and recapitalization efforts. Up to 30% of its assets may also be allocated to opportunistic investments, which can include securities issued by larger public corporations and foreign holdings. The company actively participates in the secondary loan market but explicitly avoids investing in start-up ventures, companies undergoing turnaround situations, or those with speculative business models. Its investment activities are predominantly focused within the United States. CION demonstrates a broad investment appetite across numerous sectors, including high technology, healthcare, pharmaceuticals, business services, media, chemicals, plastics, rubber, telecommunications, consumer services, advertising, printing and publishing, consumer goods (both durables and non-durables), diversified financials, homebuilding, restaurants, hospitality (beverage and tobacco bars), broadcasting, various distribution channels, food and beverage, energy (oil, gas, and consumables fuels), insurance, aerospace and defense, industrial machinery, paper and forest products, information technology, metals and mining, and real estate. Typically, the firm commits between $5 million and $50 million per investment to companies generating an EBITDA of $25 million to $75 million, with an average target hold size of $25 million. CION also acquires minority stakes, in the form of either common or preferred equity, within target companies. These equity investments are generally made in conjunction with its debt offerings or through co-investments alongside financial sponsors. Successful exits from its investments are usually achieved via an initial public offering (IPO), a merger, a direct sale, or other recapitalization events.
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