PFLT Valuation

PennantPark Floating Rate Capital Ltd

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10.270

+0.09(0.884%)1D

Overview
Forecast
Valuation
Earnings

PFLT Relative Valuation

PFLT's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, PFLT is overvalued; if below, it's undervalued.

Historical Valuation

PennantPark Floating Rate Capital Ltd (PFLT) is now in the Undervalued zone, suggesting that its current forward PE ratio of 7.98 is considered Undervalued compared with the five-year average of 9.45. The fair price of PennantPark Floating Rate Capital Ltd (PFLT) is between 10.67 to 13.38 according to relative valuation methord. Compared to the current price of 10.28 USD , PennantPark Floating Rate Capital Ltd is Undervalued By 3.61%.

Relative Value

Fair Zone

10.67-13.38

Current Price：10.28

3.61%

Undervalued

7.98

Trailing

Forward

0.00

EV/EBITDA

PennantPark Floating Rate Capital Ltd. (PFLT) has a current EV/EBITDA of 0.00. The 5-year average EV/EBITDA is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward EV/EBITDA of 0.00 falls within the Strongly Undervalued range.

0.00

EV/EBIT

PennantPark Floating Rate Capital Ltd. (PFLT) has a current EV/EBIT of 0.00. The 5-year average EV/EBIT is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward EV/EBIT of 0.00 falls within the Strongly Undervalued range.

5.18

PennantPark Floating Rate Capital Ltd. (PFLT) has a current PS of 5.18. The 5-year average PS is 4.55. The thresholds are as follows: Strongly Undervalued below 3.15, Undervalued between 3.15 and 3.85, Fairly Valued between 5.25 and 3.85, Overvalued between 5.25 and 5.95, and Strongly Overvalued above 5.95. The current Forward PS of 5.18 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/OCF

PennantPark Floating Rate Capital Ltd. (PFLT) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.

0.00

P/FCF

PennantPark Floating Rate Capital Ltd. (PFLT) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

PennantPark Floating Rate Capital Ltd (PFLT) has a current Price-to-Book (P/B) ratio of 0.89. Compared to its 3-year average P/B ratio of 0.97 , the current P/B ratio is approximately -7.86% higher. Relative to its 5-year average P/B ratio of 0.96, the current P/B ratio is about -7.35% higher. PennantPark Floating Rate Capital Ltd (PFLT) has a Forward Free Cash Flow (FCF) yield of approximately -22.77%. Compared to its 3-year average FCF yield of -9.08%, the current FCF yield is approximately 150.86% lower. Relative to its 5-year average FCF yield of -3.20% , the current FCF yield is about 611.87% lower.

0.89

P/B

Median3y

0.97

Median5y

0.96

-22.70

FCF Yield

Median3y

-9.08

Median5y

-3.20

Competitors Valuation Multiple

The average P/S ratio for PFLT's competitors is 3.99, providing a benchmark for relative valuation. PennantPark Floating Rate Capital Ltd Corp (PFLT) exhibits a P/S ratio of 5.18, which is 29.94% above the industry average. Given its robust revenue growth of 31.57%, this premium appears sustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

PFLT.N

PennantPark Floating Rate Capital Ltd

Carlyle Secured Lending Inc

New Mountain Finance Corp

Performance Decomposition

Market capitalization of PFLT decreased by 2.96% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 44.22M to 58.18M.

The secondary factor is the Margin Expansion, contributed -13.33%to the performance.

Overall, the performance of PFLT in the past 1 year is driven by Revenue Growth. Which is more sustainable.

31.57%

44.22M → 58.18M

Revenue Growth

-13.33%

38.27 → 33.17

Margin Expansion

-21.20%

8.49 → 6.69

P/E Change

-2.96%