(MFIC) MidCap Financial Investment - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NASDAQ (USA) | Market Cap: 881m USD | Total Return: -6% in 12m
Avg Turnover: 6.97M
EPS Trend: -78.5%
Qual. Beats: 0
Rev. Trend: 63.6%
Qual. Beats: 0
Warnings
P/E ratio 178.3
Below Avwap Earnings
Tailwinds
Confidence
MidCap Financial Investment Corporation (MFIC) is an externally managed Business Development Company (BDC) that provides customized financing solutions to middle-market companies. The firm’s investment strategy encompasses the entire capital structure, including first lien secured loans, unitranche debt, and equity co-investments, primarily supporting leveraged buyouts and recapitalizations.
As a BDC, MFIC is required by the Investment Company Act of 1940 to distribute at least 90% of its taxable income to shareholders, a structure designed to provide retail investors access to private credit markets. The firm maintains a highly diversified portfolio across sectors such as healthcare, business services, and aerospace, often focusing on senior secured debt to mitigate downside risk in volatile credit environments.
Investors looking for deeper insights into these portfolio compositions may find further analysis on ValueRay beneficial. The fund also retains the flexibility to invest in structured products like collateralized loan obligations (CLOs) and high-yield bonds to optimize its risk-adjusted returns.
- High interest rates sustain elevated net investment income on floating rate loan portfolio
- Strategic shift toward senior secured mid-market loans reduces credit loss volatility
- Apollo Global Management partnership provides proprietary deal flow and rigorous underwriting scale
- Net asset value stability depends on credit quality across diverse middle market sectors
- Dividend payout sustainability remains primary driver for retail and institutional investor demand
| Net Income: 5.97m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 13.33 > 1.0 |
| NWC/Revenue: -21.06% < 20% (prev 56.26%; Δ -77.33% < -1%) |
| CFO/TA 0.04 > 3% & CFO 133.8m > Net Income 5.97m |
| Net Debt (1.83b) to EBITDA (102.1m): 17.90 < 3 |
| Current Ratio: 0.59 > 1.5 & < 3 |
| Outstanding Shares: last quarter (89.6m) vs 12m ago -4.38% < -2% |
| Gross Margin: 90.98% > 18% (prev 0.49%; Δ 9.05k% > 0.5%) |
| Asset Turnover: 7.62% > 50% (prev 6.96%; Δ 0.66% > 0%) |
| Interest Coverage Ratio: 0.81 > 6 (EBITDA TTM 102.1m / Interest Expense TTM 126.6m) |
| A: -0.02 (Total Current Assets 73.4m - Total Current Liabilities 125.0m) / Total Assets 3.07b |
| B: -0.46 (Retained Earnings -1.40b / Total Assets 3.07b) |
| C: 0.03 (EBIT TTM 102.1m / Avg Total Assets 3.21b) |
| D: -0.74 (Book Value of Equity -1.40b / Total Liabilities 1.89b) |
| Altman-Z'' = -2.16 = D |
As of May 24, 2026, the stock is trading at USD 10.65 with a total of 1,128,519 shares traded.
Over the past week, the price has changed by -3.81%,
over one month by -6.61%,
over three months by +0.72% and
over the past year by -5.98%.
MidCap Financial Investment has received a consensus analysts rating of 3.89. Therefore, it is recommended to buy MFIC.
- StrongBuy: 4
- Buy: 1
- Hold: 3
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 11.4 | 6.9% |
P/E Forward = 8.3963
P/S = 2.7468
P/B = 0.7381
P/EG = 3.1217
Revenue TTM = 245.0m USD
EBIT TTM = 102.1m USD
EBITDA TTM = 102.1m USD
Long Term Debt = unknown (none)
Short Term Debt = 125.0m USD (from shortTermDebt, last fiscal year)
Debt = 1.87b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.83b USD (calculated: Debt 1.87b - CCE 42.6m)
Enterprise Value = 2.71b USD (881.4m + Debt 1.87b - CCE 42.6m)
Interest Coverage Ratio = 0.81 (Ebit TTM 102.1m / Interest Expense TTM 126.6m)
EV/FCF = 9.97x (Enterprise Value 2.71b / FCF TTM 271.8m)
FCF Yield = 10.03% (FCF TTM 271.8m / Enterprise Value 2.71b)
FCF Margin = 111.0% (FCF TTM 271.8m / Revenue TTM 245.0m)
Net Margin = 2.44% (Net Income TTM 5.97m / Revenue TTM 245.0m)
Gross Margin = 90.98% ((Revenue TTM 245.0m - Cost of Revenue TTM 22.1m) / Revenue TTM)
Gross Margin QoQ = 88.92% (prev none%)
Tobins Q-Ratio = 0.88 (Enterprise Value 2.71b / Total Assets 3.07b)
Interest Expense / Debt = 6.77% (Interest Expense 126.6m / Debt 1.87b)
Taxrate = 21.0% (US default 21%)
NOPAT = 80.6m (EBIT 102.1m * (1 - 21.00%))
Current Ratio = 0.59 (Total Current Assets 73.4m / Total Current Liabilities 125.0m)
Debt / Equity = 1.59 (Debt 1.87b / totalStockholderEquity, last quarter 1.18b)
Debt / EBITDA = 17.90 (Net Debt 1.83b / EBITDA 102.1m)
Debt / FCF = 6.72 (Net Debt 1.83b / FCF TTM 271.8m)
Total Stockholder Equity = 1.31b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.19% (Net Income 5.97m / Total Assets 3.07b)
RoE = 0.22% (Net Income TTM 5.97m / Total Stockholder Equity 2.71b)
RoCE = 3.47% (EBIT 102.1m / Capital Employed (Total Assets 3.07b - Current Liab 125.0m))
RoIC = 2.66% (NOPAT 80.6m / Invested Capital 3.03b)
WACC = 6.48% (E(881.4m)/V(2.75b) * Re(8.87%) + D(1.87b)/V(2.75b) * Rd(6.77%) * (1-Tc(0.21)))
Discount Rate = 8.87% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 39.58 | Cagr: 15.09%
[DCF] Terminal Value 75.44% ; FCFF base≈271.8m ; Y1≈272.9m ; Y5≈289.1m
[DCF] Fair Price = 32.40 (EV 4.50b - Net Debt 1.83b = Equity 2.67b / Shares 82.4m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -78.51 | EPS CAGR: -5.26% | SUE: 0.71 | # QB: 0
Revenue Correlation: 63.61 | Revenue CAGR: 2.39% | SUE: -0.50 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.38 | Chg30d=+13.64% | Revisions=+43% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.34 | Chg30d=+1.45% | Revisions=+14% | Analysts=4
EPS current Year (2026-12-31): EPS=1.43 | Chg30d=+5.35% | Revisions=+43% | GrowthEPS=-5.9% | GrowthRev=-16.1%
EPS next Year (2027-12-31): EPS=1.27 | Chg30d=-2.59% | Revisions=-14% | GrowthEPS=-11.4% | GrowthRev=-6.1%
[Analyst] Revisions Ratio: +43%