CION Stock Analysis: Cion Investment | NYSE
Asset Management | NYSE, USA | Market Cap: 311m USD | 12M Return: -24.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.84M
EPS Trend: -69.2%
Qual. Beats: 0
Rev. Trend: -47.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 4.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
CION Investment Corporation is a publicly traded business development company (BDC) that provides debt and equity financing to U.S. middle-market companies. The firm primarily originates senior secured loans, including unitranche, first lien, and second lien loans, along with subordinated debt, mezzanine financing, corporate bonds, and equity-related instruments such as warrants and options. It typically invests between $5 million and $50 million per transaction, targeting companies with EBITDA between $25 million and $75 million, and may take minority equity stakes alongside its debt positions.
CION focuses on event-driven transactions such as leveraged buyouts, acquisitions, growth capital, refinancings, and recapitalizations, and it also participates in the secondary loan market. Up to 30% of assets may be allocated opportunistically to investments outside its core middle-market focus, including securities of larger public companies and foreign issuers. The fund avoids early-stage, distressed, or speculative businesses and concentrates on sectors such as healthcare, business services, high technology, media, consumer products, energy, financial services, and industrial manufacturing. Investments are primarily sourced in the United States, with exits pursued through IPOs, mergers, sales, or recapitalizations.
As a BDC, CION operates under the Investment Company Act of 1940, a regulatory framework that permits it to lend to smaller and mid-sized private firms that often lack access to traditional capital markets, while requiring it to distribute most of its taxable income to shareholders. The company is classified within the Financials sector under the Asset Management & Custody Banks sub-industry and is listed on the NYSE under the ticker CION.
- Net interest income rises as floating-rate loan portfolio reprices higher
- Rising non-accruals and watch list credits pressure net asset value
- Direct lending competition compresses spreads on new originations
| Net Income: -957k TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 3.55 > 1.0 |
| NWC/Revenue: -4.53% < 20% (prev -22.45%; Δ 17.92% < -1%) |
| CFO/TA 0.04 > 3% & CFO 75.4m > Net Income -957k |
| Net Debt (1.15b) to EBITDA (97.6m): 11.78 < 3 |
| Current Ratio: 0.58 > 1.5 & < 3 |
| Outstanding Shares: last quarter (50.8m) vs 12m ago -4.28% < -2% |
| Gross Margin: 47.27% > 18% (prev -3.20%; Δ 50.48% > 0.5%) |
| Asset Turnover: 7.90% > 50% (prev 4.88%; Δ 3.01% > 0%) |
| Interest Coverage Ratio: 0.26 > 6 (EBIT TTM 23.5m / Interest Expense TTM 92.0m) |
| A: -0.00 (Total Current Assets 9.25m - Total Current Liabilities 15.9m) / Total Assets 1.84b |
| B: -0.18 (Retained Earnings -335.2m / Total Assets 1.84b) |
| C: 0.01 (EBIT TTM 23.5m / Avg Total Assets 1.87b) |
| D: 0.56 (Book Value of Equity 659.6m / Total Liabilities 1.18b) |
| Altman-Z'' = 0.05 = B |
As of July 13, 2026, the stock is trading at USD 6.40 with a total of 337,926 shares traded. Over the past week, the price has changed by +0.16%, over one month by -8.31%, over three months by -6.93% and over the past year by -24.92%.
Current recommended Stop Loss: 6.00 (which is 6.3% or 1.8 ATR below the current price).
Cion Investment has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold CION.
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 9.3 | 44.5% |
P/E Forward = 6.0386
P/S = 1.3282
P/B = 0.4785
Revenue TTM = 147.7m USD
EBIT TTM = 23.5m USD
EBITDA TTM = 97.6m USD
Long Term Debt = unknown (none)
Short Term Debt = 27.0k USD (from shortTermDebt, last fiscal year)
Debt = 1.16b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.15b USD (calculated: Debt 1.16b - CCE 9.25m)
Enterprise Value = 1.46b USD (311.2m + Debt 1.16b - CCE 9.25m)
Interest Coverage Ratio = 0.26 (Ebit TTM 23.5m / Interest Expense TTM 92.0m)
EV/FCF = 19.37x (Enterprise Value 1.46b / FCF TTM 75.4m)
FCF Yield = 5.16% (FCF TTM 75.4m / Enterprise Value 1.46b)
FCF Margin = 51.05% (FCF TTM 75.4m / Revenue TTM 147.7m)
Net Margin = -0.65% (Net Income TTM -957k / Revenue TTM 147.7m)
Gross Margin = 47.27% ((Revenue TTM 147.7m - Cost of Revenue TTM 77.9m) / Revenue TTM)
Gross Margin QoQ = 79.23% (prev none%)
Tobins Q-Ratio = 0.79 (Enterprise Value 1.46b / Total Assets 1.84b)
Interest Expense / Debt = 7.94% (Interest Expense 92.0m / Debt 1.16b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 18.5m (EBIT 23.5m * (1 - 21.00%))
Current Ratio = 0.58 (Total Current Assets 9.25m / Total Current Liabilities 15.9m)
Debt / Equity = 1.76 (Debt 1.16b / totalStockholderEquity, last quarter 659.6m)
Debt / EBITDA = 11.78 (Net Debt 1.15b / EBITDA 97.6m)
Debt / FCF = 15.24 (Net Debt 1.15b / FCF TTM 75.4m)
Total Stockholder Equity = 724.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.05% (Net Income -957k / Total Assets 1.84b)
RoE = -0.13% (Net Income TTM -957k / Total Stockholder Equity 724.6m)
RoCE = 1.28% (EBIT 23.5m / Capital Employed (Total Assets 1.84b - Current Liab 15.9m))
RoIC = 1.02% (NOPAT 18.5m / Invested Capital 1.82b)
WACC = 6.68% (E(311.2m)/V(1.47b) * Re(8.18%) + D(1.16b)/V(1.47b) * Rd(7.94%) * (1-Tc(0.21)))
Discount Rate = 8.18% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.11 | Cagr: -2.91%
[DCF] Terminal Value 77.97% ; FCFF base≈49.3m ; Y1≈56.5m ; Y5≈83.2m
[DCF] Fair Price = 2.07 (EV 1.25b - Net Debt 1.15b = Equity 103.1m / Shares 49.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -69.23 | EPS CAGR: -7.70% | SUE: -0.60 | # QB: 0
Revenue Correlation: -47.60 | Revenue CAGR: -16.82% | SUE: 0.02 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.27 | Chg30d=-7.57% | Revisions=+0% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.27 | Chg30d=-6.46% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=1.04 | Chg30d=-10.09% | Revisions=+0% | GrowthEPS=-41.6% | GrowthRev=-18.0%
EPS next Year (2027-12-31): EPS=1.09 | Chg30d=+7.35% | Revisions=+25% | GrowthEPS=+5.3% | GrowthRev=-0.9%
[Analyst] Revisions Ratio: +10% (up=4, down=3)