(CION) Cion Investment - Ratings and Ratios
Senior Loans, Mezzanine, Equity Warrants, Corporate Bonds, Secondary Loans
CION EPS (Earnings per Share)
CION Revenue
Description: CION Cion Investment October 24, 2025
CION Investment Corp. (NYSE:CION) is a Business Development Company (BDC) that concentrates on senior secured debt instruments-such as unitranche, first-lien, second-lien, subordinated, and mezzanine loans-alongside equity-linked securities (warrants, options) and corporate bonds issued by middle-market companies.
The fund targets investments of $5 million to $50 million in firms with EBITDA of $25 million to $75 million, typically committing around $30 million per transaction. It often pairs debt placements with minority equity stakes, either directly or via co-investment with financial sponsors, and aims to exit through IPOs, mergers, sales, or recapitalizations.
CION’s sector palette is broad but weighted toward high-tech, healthcare, business services, media, chemicals, telecommunications, consumer goods, and diversified financials. While it can allocate up to 30 % of assets to opportunistic positions-including large-cap public equities and foreign securities-the core portfolio is U.S.–focused.
As of the latest filing (Q2 2024), CION reported a net asset value (NAV) of $13.48 per share and a distribution yield of roughly 8.2 %, supported by a portfolio leverage ratio of 1.1× and a weighted-average loan maturity of 4.2 years. Senior secured loans comprised about 71 % of assets, with the remaining exposure split between equity-linked instruments and secondary-market debt.
Key macro drivers for CION include the U.S. interest-rate environment-higher rates boost BDC net interest margins but can tighten credit spreads-and the health of the middle-market M&A pipeline, which influences deal flow for leveraged buyouts and growth-capital financings. A recent tightening of high-yield spreads to historic lows (≈3.5 % over Treasuries) may compress yields on new loan originations, making existing higher-coupon assets relatively more valuable.
For a deeper dive into CION’s risk-adjusted performance metrics and scenario analysis, you might find ValueRay’s analytical dashboard a useful next step.
CION Stock Overview
| Market Cap in USD | 477m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2021-10-05 |
CION Stock Ratings
| Growth Rating | 32.3% |
| Fundamental | 40.7% |
| Dividend Rating | 91.2% |
| Return 12m vs S&P 500 | -22.2% |
| Analyst Rating | 3.0 of 5 |
CION Dividends
| Dividend Yield 12m | 15.73% |
| Yield on Cost 5y | 22.04% |
| Annual Growth 5y | 48.95% |
| Payout Consistency | 98.9% |
| Payout Ratio | 79.0% |
CION Growth Ratios
| Growth Correlation 3m | -50.2% |
| Growth Correlation 12m | -43.5% |
| Growth Correlation 5y | 80% |
| CAGR 5y | 17.18% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.60 |
| CAGR/Mean DD 3y (Pain Ratio) | 2.72 |
| Sharpe Ratio 12m | -1.07 |
| Alpha | -26.57 |
| Beta | 1.058 |
| Volatility | 21.50% |
| Current Volume | 250.2k |
| Average Volume 20d | 243.3k |
| Stop Loss | 9.1 (-3.9%) |
| Signal | -0.17 |
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income (11.7m TTM) > 0 and > 6% of Revenue (6% = 8.30m TTM) |
| FCFTA 0.04 (>2.0%) and ΔFCFTA 2.15pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 33.35% (prev 7.63%; Δ 25.71pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.01 (>3.0%) and CFO 13.7m > Net Income 11.7m (YES >=105%, WARN >=100%) |
| Net Debt (1.10b) to EBITDA (34.4m) ratio: 31.80 <= 3.0 (WARN <= 3.5) |
| Current Ratio 6.10 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (52.6m) change vs 12m ago -1.80% (target <= -2.0% for YES) |
| Gross Margin 47.74% (prev 89.00%; Δ -41.26pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 7.20% (prev 10.95%; Δ -3.75pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -1.34 (EBITDA TTM 34.4m / Interest Expense TTM 94.4m) >= 6 (WARN >= 3) |
Altman Z'' -0.96
| (A) 0.02 = (Total Current Assets 55.2m - Total Current Liabilities 9.05m) / Total Assets 1.88b |
| (B) -0.14 = Retained Earnings (Balance) -254.4m / Total Assets 1.88b |
| (C) -0.07 = EBIT TTM -126.8m / Avg Total Assets 1.92b |
| (D) -0.23 = Book Value of Equity -254.3m / Total Liabilities 1.12b |
| Total Rating: -0.96 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 40.72
| 1. Piotroski 2.50pt = -2.50 |
| 2. FCF Yield 4.41% = 2.21 |
| 3. FCF Margin 50.16% = 7.50 |
| 4. Debt/Equity 1.45 = 1.53 |
| 5. Debt/Ebitda 31.80 = -2.50 |
| 6. ROIC - WACC (= -11.16)% = -12.50 |
| 7. RoE 1.47% = 0.12 |
| 8. Rev. Trend 4.53% = 0.34 |
| 9. EPS Trend -69.53% = -3.48 |
What is the price of CION shares?
Over the past week, the price has changed by +3.61%, over one month by -2.87%, over three months by -3.70% and over the past year by -8.51%.
Is Cion Investment a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CION is around 11.27 USD . This means that CION is currently undervalued and has a potential upside of +19.01% (Margin of Safety).
Is CION a buy, sell or hold?
- Strong Buy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- Strong Sell: 1
What are the forecasts/targets for the CION price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10.7 | 12.7% |
| Analysts Target Price | 10.7 | 12.7% |
| ValueRay Target Price | 12.1 | 27.8% |
CION Fundamental Data Overview October 20, 2025
P/E Forward = 7.0126
P/S = 2.1126
P/B = 0.655
Beta = 1.058
Revenue TTM = 138.4m USD
EBIT TTM = -126.8m USD
EBITDA TTM = 34.4m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 1.10b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.10b USD (from netDebt column, last quarter)
Enterprise Value = 1.57b USD (477.1m + Debt 1.10b - CCE 6.53m)
Interest Coverage Ratio = -1.34 (Ebit TTM -126.8m / Interest Expense TTM 94.4m)
FCF Yield = 4.41% (FCF TTM 69.4m / Enterprise Value 1.57b)
FCF Margin = 50.16% (FCF TTM 69.4m / Revenue TTM 138.4m)
Net Margin = 8.43% (Net Income TTM 11.7m / Revenue TTM 138.4m)
Gross Margin = 47.74% ((Revenue TTM 138.4m - Cost of Revenue TTM 72.3m) / Revenue TTM)
Gross Margin QoQ = 42.59% (prev 79.26%)
Tobins Q-Ratio = 0.84 (Enterprise Value 1.57b / Total Assets 1.88b)
Interest Expense / Debt = 2.05% (Interest Expense 22.6m / Debt 1.10b)
Taxrate = 0.04% (10.0k / 27.3m)
NOPAT = -126.7m (EBIT -126.8m * (1 - 0.04%)) [loss with tax shield]
Current Ratio = 6.10 (Total Current Assets 55.2m / Total Current Liabilities 9.05m)
Debt / Equity = 1.45 (Debt 1.10b / totalStockholderEquity, last quarter 758.6m)
Debt / EBITDA = 31.80 (Net Debt 1.10b / EBITDA 34.4m)
Debt / FCF = 15.78 (Net Debt 1.10b / FCF TTM 69.4m)
Total Stockholder Equity = 793.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.62% (Net Income 11.7m / Total Assets 1.88b)
RoE = 1.47% (Net Income TTM 11.7m / Total Stockholder Equity 793.8m)
RoCE = -6.77% (EBIT -126.8m / Capital Employed (Total Assets 1.88b - Current Liab 9.05m))
RoIC = -6.73% (negative operating profit) (NOPAT -126.7m / Invested Capital 1.88b)
WACC = 4.43% (E(477.1m)/V(1.58b) * Re(9.91%) + D(1.10b)/V(1.58b) * Rd(2.05%) * (1-Tc(0.00)))
Discount Rate = 9.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.54%
[DCF Debug] Terminal Value 62.52% ; FCFE base≈53.7m ; Y1≈35.3m ; Y5≈16.1m
Fair Price DCF = 4.60 (DCF Value 239.8m / Shares Outstanding 52.1m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -69.53 | EPS CAGR: -59.18% | SUE: -4.0 | # QB: 0
Revenue Correlation: 4.53 | Revenue CAGR: -20.05% | SUE: -0.91 | # QB: 0
Additional Sources for CION Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle