(CION) Cion Investment - Ratings and Ratios
Senior Loans, Mezzanine, Equity Warrants, Corporate Bonds, Secondary Loans
CION EPS (Earnings per Share)
CION Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 24.9% |
| Value at Risk 5%th | 39.6% |
| Relative Tail Risk | -3.38% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.03 |
| Alpha | -10.00 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.424 |
| Beta | 0.665 |
| Beta Downside | 0.908 |
| Drawdowns 3y | |
|---|---|
| Max DD | 28.46% |
| Mean DD | 6.60% |
| Median DD | 3.82% |
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 | 501m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2021-10-05 |
| Return 12m vs S&P 500 | -10.5% |
| Analyst Rating | 3.0 of 5 |
CION Dividends
| Dividend Yield | 18.41% |
| Yield on Cost 5y | 27.37% |
| Yield CAGR 5y | 48.95% |
| Payout Consistency | 98.9% |
| Payout Ratio | 81.4% |
CION Growth Ratios
| CAGR 3y | 15.54% |
| CAGR/Max DD Calmar Ratio | 0.55 |
| CAGR/Mean DD Pain Ratio | 2.35 |
| Current Volume | 287.2k |
| Average Volume | 262.3k |
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income (28.6m TTM) > 0 and > 6% of Revenue (6% = 8.92m TTM) |
| FCFTA 1.02 (>2.0%) and ΔFCFTA 97.68pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -8.61% (prev 54.06%; Δ -62.67pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.84 (>3.0%) and CFO 50.5m > Net Income 28.6m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| 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 52.31% (prev 48.74%; Δ 3.56pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 15.04% (prev 9.74%; Δ 5.30pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -1.36 (EBITDA TTM -9.80m / Interest Expense TTM 93.5m) >= 6 (WARN >= 3) |
Altman Z'' -18.50
| (A) -0.21 = (Total Current Assets 165.0k - Total Current Liabilities 13.0m) / Total Assets 60.4m |
| (B) -3.33 = Retained Earnings (Balance) -200.9m / Total Assets 60.4m |
| warn (B) unusual magnitude: -3.33 — check mapping/units |
| (C) -0.13 = EBIT TTM -126.8m / Avg Total Assets 988.0m |
| (D) -5.14 = Book Value of Equity -200.9m / Total Liabilities 39.1m |
| Total Rating: -18.50 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 48.14
| 1. Piotroski 6.0pt = 1.0 |
| 2. FCF Yield 3.86% = 1.93 |
| 3. FCF Margin 41.58% = 7.50 |
| 4. Debt/Equity 51.61 = -2.50 |
| 5. Debt/Ebitda 0.00 = 2.50 |
| 6. ROIC - WACC (= -11.28)% = -12.50 |
| 7. RoE 4.86% = 0.40 |
| 8. Rev. Trend 6.31% = 0.47 |
| 9. EPS Trend -13.44% = -0.67 |
What is the price of CION shares?
Over the past week, the price has changed by +2.97%, over one month by +7.83%, over three months by -2.86% and over the past year by +1.96%.
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 12.37 USD . This means that CION is currently undervalued and has a potential upside of +23.08% (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 | 6.2% |
| Analysts Target Price | 10.7 | 6.2% |
| ValueRay Target Price | 13.3 | 32.3% |
CION Fundamental Data Overview November 11, 2025
P/E Trailing = 19.6327
P/E Forward = 7.0126
P/S = 2.0458
P/B = 0.655
Beta = 1.052
Revenue TTM = 148.6m USD
EBIT TTM = -126.8m USD
EBITDA TTM = -9.80m 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 = 1.60b USD (501.1m + Debt 1.10b - CCE 29.0k)
Interest Coverage Ratio = -1.36 (Ebit TTM -126.8m / Interest Expense TTM 93.5m)
FCF Yield = 3.86% (FCF TTM 61.8m / Enterprise Value 1.60b)
FCF Margin = 41.58% (FCF TTM 61.8m / Revenue TTM 148.6m)
Net Margin = 19.27% (Net Income TTM 28.6m / Revenue TTM 148.6m)
Gross Margin = 52.31% ((Revenue TTM 148.6m - Cost of Revenue TTM 70.9m) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 56.92%)
Tobins Q-Ratio = 26.50 (Enterprise Value 1.60b / Total Assets 60.4m)
Interest Expense / Debt = 2.06% (Interest Expense 22.7m / Debt 1.10b)
Taxrate = -0.25% (negative due to tax credits) (-95.0k / 38.5m)
NOPAT = -127.1m (EBIT -126.8m * (1 - -0.25%)) [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 (negative EBITDA) (Net Debt -29.0k / EBITDA -9.80m)
Debt / FCF = -0.00 (Net Debt -29.0k / FCF TTM 61.8m)
Total Stockholder Equity = 589.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 47.42% (Net Income 28.6m / Total Assets 60.4m)
RoE = 4.86% (Net Income TTM 28.6m / 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 = -6.76% (negative operating profit) (NOPAT -127.1m / Invested Capital 1.88b)
WACC = 4.52% (E(501.1m)/V(1.60b) * Re(9.89%) + D(1.10b)/V(1.60b) * Rd(2.06%) * (1-Tc(-0.00)))
Discount Rate = 9.89% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.07%
[DCF Debug] Terminal Value 62.60% ; FCFE base≈72.7m ; Y1≈47.7m ; Y5≈21.8m
Fair Price DCF = 6.24 (DCF Value 325.3m / Shares Outstanding 52.1m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -13.44 | EPS CAGR: 21.82% | SUE: 4.0 | # QB: 1
Revenue Correlation: 6.31 | Revenue CAGR: 43.47% | SUE: 0.65 | # QB: 0
Additional Sources for CION Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle