(CION) Cion Investment - Ratings and Ratios
Senior Loans, Mezzanine, Equity Warrants, Corporate Bonds, Secondary Loans
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 18.39% |
| Yield on Cost 5y | 27.37% |
| Yield CAGR 5y | 48.95% |
| Payout Consistency | 98.9% |
| Payout Ratio | 81.4% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 20.6% |
| Value at Risk 5%th | 32.6% |
| Relative Tail Risk | -3.59% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.12 |
| Alpha | -12.61 |
| CAGR/Max DD | 0.52 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.438 |
| Beta | 0.670 |
| Beta Downside | 0.927 |
| Drawdowns 3y | |
|---|---|
| Max DD | 28.46% |
| Mean DD | 6.74% |
| Median DD | 4.03% |
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.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income (25.9m TTM) > 0 and > 6% of Revenue (6% = 7.87m TTM) |
| FCFTA 1.01 (>2.0%) and ΔFCFTA 100.6pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -9.75% (prev 54.06%; Δ -63.81pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 1.01 (>3.0%) and CFO 60.7m > Net Income 25.9m (YES >=105%, WARN >=100%) |
| Net Debt (-29.0k) to EBITDA (26.0m) ratio: -0.00 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.01 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (52.1m) change vs 12m ago -2.57% (target <= -2.0% for YES) |
| Gross Margin 28.72% (prev 48.74%; Δ -20.03pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 13.28% (prev 9.74%; Δ 3.54pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -1.36 (EBITDA TTM 26.0m / Interest Expense TTM 93.5m) >= 6 (WARN >= 3) |
Altman Z'' -21.43
| (A) -0.21 = (Total Current Assets 165.0k - Total Current Liabilities 13.0m) / Total Assets 60.4m |
| (B) -3.93 = Retained Earnings (Balance) -237.2m / Total Assets 60.4m |
| warn (B) unusual magnitude: -3.93 — check mapping/units |
| (C) -0.13 = EBIT TTM -126.8m / Avg Total Assets 988.0m |
| (D) -6.07 = Book Value of Equity -237.2m / Total Liabilities 39.1m |
| Total Rating: -21.43 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 49.13
| 1. Piotroski 6.0pt |
| 2. FCF Yield 3.77% |
| 3. FCF Margin 46.27% |
| 4. Debt/Equity 51.61 |
| 5. Debt/Ebitda -0.00 |
| 6. ROIC - WACC (= -10.89)% |
| 7. RoE 4.40% |
| 8. Rev. Trend -4.43% |
| 9. EPS Trend 24.27% |
What is the price of CION shares?
Over the past week, the price has changed by +2.97%, over one month by +5.78%, over three months by -3.21% and over the past year by -1.07%.
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 | 6.1% |
| Analysts Target Price | 10.7 | 6.1% |
| ValueRay Target Price | 13.6 | 35.1% |
CION Fundamental Data Overview November 25, 2025
P/E Trailing = 20.0204
P/E Forward = 6.7659
P/S = 2.0863
P/B = 0.6562
Beta = 1.052
Revenue TTM = 131.2m USD
EBIT TTM = -126.8m USD
EBITDA TTM = 26.0m USD
Long Term Debt = unknown (none)
Short Term Debt = 40.0k USD (from shortTermDebt, last fiscal year)
Debt = 1.10b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -29.0k USD (from netDebt column, last quarter)
Enterprise Value = 1.61b USD (511.0m + Debt 1.10b - CCE 29.0k)
Interest Coverage Ratio = -1.36 (Ebit TTM -126.8m / Interest Expense TTM 93.5m)
FCF Yield = 3.77% (FCF TTM 60.7m / Enterprise Value 1.61b)
FCF Margin = 46.27% (FCF TTM 60.7m / Revenue TTM 131.2m)
Net Margin = 19.78% (Net Income TTM 25.9m / Revenue TTM 131.2m)
Gross Margin = 28.72% ((Revenue TTM 131.2m - Cost of Revenue TTM 93.5m) / Revenue TTM)
Gross Margin QoQ = 63.05% (prev 56.92%)
Tobins Q-Ratio = 26.67 (Enterprise Value 1.61b / Total Assets 60.4m)
Interest Expense / Debt = 2.06% (Interest Expense 22.7m / Debt 1.10b)
Taxrate = -0.27% (negative due to tax credits) (-95.0k / 35.8m)
NOPAT = -127.1m (EBIT -126.8m * (1 - -0.27%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 0.01 (Total Current Assets 165.0k / Total Current Liabilities 13.0m)
Debt / Equity = 51.61 (Debt 1.10b / totalStockholderEquity, last quarter 21.3m)
Debt / EBITDA = -0.00 (Net Debt -29.0k / EBITDA 26.0m)
Debt / FCF = -0.00 (Net Debt -29.0k / FCF TTM 60.7m)
Total Stockholder Equity = 589.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 42.97% (Net Income 25.9m / Total Assets 60.4m)
RoE = 4.40% (Net Income TTM 25.9m / Total Stockholder Equity 589.4m)
RoCE = -267.4% (out of range, set to none) (EBIT -126.8m / Capital Employed (Total Assets 60.4m - Current Liab 13.0m))
RoIC = -6.79% (negative operating profit) (NOPAT -127.1m / Invested Capital 1.87b)
WACC = 4.10% (E(511.0m)/V(1.61b) * Re(8.48%) + D(1.10b)/V(1.61b) * Rd(2.06%) * (1-Tc(-0.00)))
Discount Rate = 8.48% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.07%
[DCF Debug] Terminal Value 68.51% ; FCFE base≈60.7m ; Y1≈39.9m ; Y5≈18.2m
Fair Price DCF = 6.44 (DCF Value 332.9m / Shares Outstanding 51.7m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 24.27 | EPS CAGR: 24.03% | SUE: 4.0 | # QB: 1
Revenue Correlation: -4.43 | Revenue CAGR: 24.02% | SUE: 0.22 | # QB: 0
Additional Sources for CION Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle