PennantPark Floating Rate Capital Ltd. (PFLT)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 50 | 84 | 41 | 80 | 168 | 172 | 178 | 268 |
| Operating profit | $m | 67 | 101 | ||||||
| Net profit | $m | 18 | 57 | 3 | 39 | 92 | 66 | 50 | 98 |
| EPS reported | $ | 0.72 | 0.51 | ||||||
| Operating cashflow per share | $ | 1.03 | 3.20 | ||||||
| Capex per share | $ | 0.00 | 0.00 | ||||||
| FCF per share | $ | 1.03 | 3.20 | ||||||
| Free cash flow | $m | 95 | 317 | ||||||
| Net debt | $m | 1,654 | 1,524 | ||||||
| Book value equity | $m | 1,075 | 1,018 | ||||||
| Book value per share | $ | 11.61 | 10.26 | ||||||
| Number of shares | m | 92.54 | 99.22 | ||||||
| DPS (TTM paid) | $ | 1.23 | 1.15 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 12.35 | 13.62 | ||||||
| P/B LTM | x | 0.77 | 0.81 | ||||||
| P/S LTM | x | 4.80 | 4.63 | ||||||
| P/FCF LTM | x | 8.66 | 2.59 | ||||||
| EV/EBITDA LTM | x | 36.69 | 24.91 | ||||||
| EV/Sales LTM | x | 14.44 | 4.17 | ||||||
| Earnings Yield LTM | % | +8.10% | +7.34% | ||||||
| FCF Yield | % | +11.55% | +38.59% | ||||||
| Quality | |||||||||
| ROE | % | +6.18% | +4.82% | ||||||
| ROIC | % | +2.32% | +1.71% | ||||||
| Operating margin | % | +39.35% | +43.41% | ||||||
| Gross margin | % | +45.65% | +65.64% | ||||||
| FCF/Sales | % | +55.41% | +135.57% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -48.57% | -63.57% | ||||||
| Sales Growth YoY | % | +2.20% | +5.83% | ||||||
| Net Income Growth YoY | % | -27.74% | -45.29% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | -27.36% | +8.48% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +13.56% | +15.93% | ||||||
| Dividend Growth | % | 0.00% | -6.24% | ||||||
| Payout Ratio | % | +167.44% | +301.29% | ||||||
| FCF/Debt | x | 0.05 | 0.20 | ||||||
| Net Debt/EBITDA | x | 24.51 | 2.59 | ||||||
| EBIT/Net interest | x | 0.72 | 1.00 | ||||||
| Net debt/market cap | % | +2.16% | +2.56% | ||||||
| Net debt/Equity | x | 1.54 | 1.50 | ||||||
| Gross debt/equity | x | 1.65 | 1.55 | ||||||
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
PennantPark Floating Rate Capital Ltd. functions as a business development company (BDC). It pursues a diverse investment strategy, engaging in direct secondary market acquisitions, various debt and equity instruments, and loan investments. The fund principally allocates capital through floating rate loans to middle-market companies, which may be privately held, publicly traded with low liquidity, or publicly listed with modest market capitalization. While its primary geographical focus is the United States, a limited portion of its investments extends to international entities. Individual investment amounts typically range from $2 million to $20 million. Beyond debt, the fund also obtains equity securities, such as preferred stock, common stock, warrants, or options. These are acquired either through direct purchases or as part of its debt financing arrangements. For investments specifically in senior secured loans and mezzanine debt, the fund usually commits between $10 million and $50 million. It preferentially targets companies that are not rated by national credit agencies, though if assessed, their creditworthiness would likely fall between BB and CCC according to the Standard & Poor's system. Up to 30% of the fund's capital may be deployed into non-qualifying assets. These encompass investments in public companies whose securities are not thinly traded or have a market capitalization exceeding $250 million, middle-market firms situated outside the United States, high-yield bonds, distressed debt, private equity stakes, and investment companies as defined under the 1940 Act. Under normal operating conditions, the fund anticipates that at least 80% of its net assets, inclusive of any borrowings for investment, will be dedicated to floating rate loans and other financially similar investments, such as cash equivalents held in money market funds. A substantial 65% of its overall portfolio is projected to consist of senior secured loans. The typical duration for holding its floating rate loan investments is between three and ten years.
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.
PennantPark Floating Rate Capital Ltd. (PFLT)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
PennantPark Floating Rate Capital Ltd. functions as a business development company (BDC). It pursues a diverse investment strategy, engaging in direct secondary market acquisitions, various debt and equity instruments, and loan investments. The fund principally allocates capital through floating rate loans to middle-market companies, which may be privately held, publicly traded with low liquidity, or publicly listed with modest market capitalization. While its primary geographical focus is the United States, a limited portion of its investments extends to international entities. Individual investment amounts typically range from $2 million to $20 million. Beyond debt, the fund also obtains equity securities, such as preferred stock, common stock, warrants, or options. These are acquired either through direct purchases or as part of its debt financing arrangements. For investments specifically in senior secured loans and mezzanine debt, the fund usually commits between $10 million and $50 million. It preferentially targets companies that are not rated by national credit agencies, though if assessed, their creditworthiness would likely fall between BB and CCC according to the Standard & Poor's system. Up to 30% of the fund's capital may be deployed into non-qualifying assets. These encompass investments in public companies whose securities are not thinly traded or have a market capitalization exceeding $250 million, middle-market firms situated outside the United States, high-yield bonds, distressed debt, private equity stakes, and investment companies as defined under the 1940 Act. Under normal operating conditions, the fund anticipates that at least 80% of its net assets, inclusive of any borrowings for investment, will be dedicated to floating rate loans and other financially similar investments, such as cash equivalents held in money market funds. A substantial 65% of its overall portfolio is projected to consist of senior secured loans. The typical duration for holding its floating rate loan investments is between three and ten years.
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