(PFLT) PennantPark Floating Rate - Ratings and Ratios
Floating Rate Loans, Senior Secured Debt, Mezzanine Investments, Middle-Market
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 13.37% |
| Yield on Cost 5y | 18.87% |
| Yield CAGR 5y | 1.92% |
| Payout Consistency | 97.8% |
| Payout Ratio | 34.8% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 15.7% |
| Value at Risk 5%th | 26.6% |
| Relative Tail Risk | 3.14% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.30 |
| Alpha | -15.91 |
| CAGR/Max DD | 0.37 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.680 |
| Beta | 0.667 |
| Beta Downside | 0.755 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.85% |
| Mean DD | 5.70% |
| Median DD | 5.52% |
Description: PFLT PennantPark Floating Rate January 20, 2026
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) is a Business Development Company (BDC) that focuses on floating-rate debt and related equity-linked securities in U.S. middle-market companies, with limited exposure to non-U.S. issuers.
Typical transaction sizes range from $2 million to $20 million for direct investments and $10 million to $50 million for senior secured and mezzanine loans. The fund targets companies that are either unrated or would fall between BB and CCC on the S&P scale, emphasizing thinly-traded or low-cap public firms and private entities.
Portfolio construction is heavily weighted toward floating-rate assets: the BDC aims to keep at least 80 % of net assets (plus any borrowing) in floating-rate loans or cash equivalents, with roughly 65 % of the portfolio in senior secured loans. Non-qualifying assets-such as high-yield bonds, distressed debt, and larger public equities-are capped at 30 %.
Key market drivers include the current U.S. interest-rate environment, which benefits floating-rate structures by resetting coupon payments upward as rates rise, and the persistent demand for capital in the U.S. middle-market, where traditional bank lending has tightened.
Recent performance metrics (as of Q4 2024) show a distribution yield near 9 % and a net asset value (NAV) per share of $11.45, with a leverage ratio of 1.5 × net assets, both in line with industry averages for BDCs focused on senior secured loans.
Given the fund’s exposure to credit-sensitive, lower-rated issuers, investors should monitor default rates in the BB-CCC segment and the spread between floating-rate loan yields and the 3-month LIBOR (or SOFR) benchmark.
For a deeper dive into the fund’s credit metrics and valuation, see the ValueRay analysis.
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income: 66.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.10 > 0.02 and ΔFCF/TA 28.34 > 1.0 |
| NWC/Revenue: 49.64% < 20% (prev 47.85%; Δ 1.79% < -1%) |
| CFO/TA -0.10 > 3% & CFO -281.5m > Net Income 66.4m |
| Net Debt (1.65b) to EBITDA (84.4m): 19.61 < 3 |
| Current Ratio: 2.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (99.2m) vs 12m ago 34.63% < -2% |
| Gross Margin: 48.67% > 18% (prev 0.65%; Δ 4802 % > 0.5%) |
| Asset Turnover: 7.23% > 50% (prev 7.96%; Δ -0.73% > 0%) |
| Interest Coverage Ratio: 0.48 > 6 (EBITDA TTM 84.4m / Interest Expense TTM 93.2m) |
Altman Z'' 0.08
| A: 0.03 (Total Current Assets 136.5m - Total Current Liabilities 46.4m) / Total Assets 2.91b |
| B: -0.05 (Retained Earnings -145.1m / Total Assets 2.91b) |
| C: 0.02 (EBIT TTM 44.4m / Avg Total Assets 2.51b) |
| D: -0.08 (Book Value of Equity -145.0m / Total Liabilities 1.84b) |
| Altman-Z'' Score: 0.08 = B |
Beneish M
| DSRI: 1.10 (Receivables 15.5m/13.1m, Revenue 181.6m/167.8m) |
| GMI: 1.33 (GM 48.67% / 64.71%) |
| AQI: none (AQ_t none / AQ_t-1 none) |
| SGI: 1.08 (Revenue 181.6m / 167.8m) |
| TATA: 0.12 (NI 66.4m - CFO -281.5m) / TA 2.91b) |
| Beneish M-Score: cannot calculate (missing components) |
ValueRay F-Score (Strict, 0-100) 41.54
| 1. Piotroski: 2.50pt |
| 2. FCF Yield: -10.83% |
| 3. FCF Margin: data missing |
| 4. Debt/Equity: 1.65 |
| 5. Debt/Ebitda: 19.61 |
| 6. ROIC - WACC: -2.15% |
| 7. RoE: 6.33% |
| 8. Revenue Trend: 52.35% |
| 9. EPS Trend: -30.02% |
What is the price of PFLT shares?
Over the past week, the price has changed by -0.31%, over one month by +6.44%, over three months by +9.68% and over the past year by -4.64%.
Is PFLT a buy, sell or hold?
- Strong Buy: 2
- Buy: 2
- Hold: 4
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the PFLT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10.8 | 13.6% |
| Analysts Target Price | 10.8 | 13.6% |
| ValueRay Target Price | 11.1 | 17.3% |
PFLT Fundamental Data Overview January 20, 2026
P/E Forward = 8.3752
P/S = 3.6169
P/B = 0.88
P/EG = 0.266
Revenue TTM = 181.6m USD
EBIT TTM = 44.4m USD
EBITDA TTM = 84.4m USD
Long Term Debt = 1.59b USD (estimated: total debt 1.78b - short term 184.6m)
Short Term Debt = 184.6m USD (from shortTermDebt, last quarter)
Debt = 1.78b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.65b USD (from netDebt column, last quarter)
Enterprise Value = 2.60b USD (945.5m + Debt 1.78b - CCE 122.7m)
Interest Coverage Ratio = 0.48 (Ebit TTM 44.4m / Interest Expense TTM 93.2m)
EV/FCF = -9.23x (Enterprise Value 2.60b / FCF TTM -281.5m)
FCF Yield = -10.83% (FCF TTM -281.5m / Enterprise Value 2.60b)
FCF Margin = -155.0% (FCF TTM -281.5m / Revenue TTM 181.6m)
Net Margin = 36.54% (Net Income TTM 66.4m / Revenue TTM 181.6m)
Gross Margin = 48.67% ((Revenue TTM 181.6m - Cost of Revenue TTM 93.2m) / Revenue TTM)
Gross Margin QoQ = 44.64% (prev 52.18%)
Tobins Q-Ratio = 0.89 (Enterprise Value 2.60b / Total Assets 2.91b)
Interest Expense / Debt = 1.45% (Interest Expense 25.8m / Debt 1.78b)
Taxrate = 6.81% (1.28m / 18.8m)
NOPAT = 41.4m (EBIT 44.4m * (1 - 6.81%))
Current Ratio = 2.94 (Total Current Assets 136.5m / Total Current Liabilities 46.4m)
Debt / Equity = 1.65 (Debt 1.78b / totalStockholderEquity, last quarter 1.07b)
Debt / EBITDA = 19.61 (Net Debt 1.65b / EBITDA 84.4m)
Debt / FCF = -5.88 (negative FCF - burning cash) (Net Debt 1.65b / FCF TTM -281.5m)
Total Stockholder Equity = 1.05b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.64% (Net Income 66.4m / Total Assets 2.91b)
RoE = 6.33% (Net Income TTM 66.4m / Total Stockholder Equity 1.05b)
RoCE = 1.68% (EBIT 44.4m / Capital Employed (Equity 1.05b + L.T.Debt 1.59b))
RoIC = 1.64% (NOPAT 41.4m / Invested Capital 2.52b)
WACC = 3.79% (E(945.5m)/V(2.72b) * Re(8.37%) + D(1.78b)/V(2.72b) * Rd(1.45%) * (1-Tc(0.07)))
Discount Rate = 8.37% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 29.97%
Fair Price DCF = unknown (Cash Flow -281.5m)
EPS Correlation: -30.02 | EPS CAGR: -4.29% | SUE: -0.25 | # QB: 0
Revenue Correlation: 52.35 | Revenue CAGR: 20.00% | SUE: -2.60 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.29 | Chg30d=-0.001 | Revisions Net=+1 | Analysts=6
EPS current Year (2026-09-30): EPS=1.19 | Chg30d=+0.006 | Revisions Net=+2 | Growth EPS=+2.5% | Growth Revenue=+7.7%
EPS next Year (2027-09-30): EPS=1.18 | Chg30d=+0.011 | Revisions Net=+2 | Growth EPS=-0.9% | Growth Revenue=-0.1%
Additional Sources for PFLT Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle