PFLT Stock Analysis: PennantPark Floating Rate | NYSE
Asset Management | NYSE, USA | Market Cap: 742m USD | 12M Return: -18.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.26M
EPS Trend: -94.4%
Qual. Beats: 0
Rev. Trend: 75.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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.
PennantPark Floating Rate Capital Ltd. (PFLT) is a business development company (BDC) that primarily invests in floating rate loans made to U.S. middle market companies that are privately held, thinly traded, or have small market capitalizations. The fund typically invests between $2 million and $20 million per transaction, with a focus on senior secured loans (generally $10 million to $50 million) and mezzanine debt, targeting borrowers that would be rated BB to CCC if rated. It also takes equity positions such as preferred stock, common stock, and warrants received alongside debt investments. Under normal conditions, at least 80% of net assets are allocated to floating rate loans and similar instruments, with senior secured loans expected to represent roughly 65% of the portfolio, and the fund generally holds investments for three to ten years. BDCs are regulated investment vehicles under the 1940 Act that provide growth capital to small and mid-sized businesses, and PFLT is listed on the NYSE with a small-cap market value of approximately $792 million after its 2011 IPO.
- Floating rate spreads widen net interest margin
- Middle market loan defaults pressure NAV
- Leverage costs rise with SOFR benchmark rate
| Net Income: 62.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 39.87 > 1.0 |
| NWC/Revenue: 46.00% < 20% (prev 58.03%; Δ -12.03% < -1%) |
| CFO/TA 0.08 > 3% & CFO 208.9m > Net Income 62.0m |
| Net Debt (1.55b) to EBITDA (114.0m): 13.56 < 3 |
| Current Ratio: 3.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (99.2m) vs 12m ago 21.50% < -2% |
| Gross Margin: 49.83% > 18% (prev 53.90%; Δ -4.06% > 0.5%) |
| Asset Turnover: 6.82% > 50% (prev 7.06%; Δ -0.25% > 0%) |
| Interest Coverage Ratio: 0.89 > 6 (EBIT TTM 88.9m / Interest Expense TTM 99.6m) |
| A: 0.03 (Total Current Assets 121.9m - Total Current Liabilities 40.0m) / Total Assets 2.75b |
| B: -0.07 (Retained Earnings -180.9m / Total Assets 2.75b) |
| C: 0.03 (EBIT TTM 88.9m / Avg Total Assets 2.61b) |
| D: 0.61 (Book Value of Equity 1.04b / Total Liabilities 1.71b) |
| Altman-Z'' = 0.85 = B |
As of July 07, 2026, the stock is trading at USD 7.48 with a total of 834,600 shares traded. Over the past week, the price has changed by +2.89%, over one month by -6.57%, over three months by -7.73% and over the past year by -18.47%.
Current recommended Stop Loss: 7.10 (which is 5.1% or 1.7 ATR below the current price).
PennantPark Floating Rate has received a consensus analysts rating of 3.75. Therefore, it is recommended to hold PFLT.
- StrongBuy: 2
- Buy: 2
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 10.1 | 34.8% |
P/E Trailing = 11.873
P/E Forward = 7.1531
P/S = 2.7638
P/B = 0.7174
P/EG = 0.2623
Revenue TTM = 177.9m USD
EBIT TTM = 88.9m USD
EBITDA TTM = 114.0m USD
Long Term Debt = 1.29b USD (estimated: total debt 1.67b - short term 380.9m)
Short Term Debt = 380.9m USD (from shortTermDebt, last quarter)
Debt = 1.67b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.55b USD (calculated: Debt 1.67b - CCE 121.9m)
Enterprise Value = 2.29b USD (742.1m + Debt 1.67b - CCE 121.9m)
Interest Coverage Ratio = 0.89 (Ebit TTM 88.9m / Interest Expense TTM 99.6m)
EV/FCF = 10.95x (Enterprise Value 2.29b / FCF TTM 208.9m)
FCF Yield = 9.13% (FCF TTM 208.9m / Enterprise Value 2.29b)
FCF Margin = 117.4% (FCF TTM 208.9m / Revenue TTM 177.9m)
Net Margin = 34.83% (Net Income TTM 62.0m / Revenue TTM 177.9m)
Gross Margin = 49.83% ((Revenue TTM 177.9m - Cost of Revenue TTM 89.3m) / Revenue TTM)
Gross Margin QoQ = 76.44% (prev -5.40%)
Tobins Q-Ratio = 0.83 (Enterprise Value 2.29b / Total Assets 2.75b)
Interest Expense / Debt = 5.97% (Interest Expense 99.6m / Debt 1.67b)
Taxrate = 3.21% (2.03m / 63.3m)
NOPAT = 86.0m (EBIT 88.9m * (1 - 3.21%))
Current Ratio = 3.05 (Total Current Assets 121.9m / Total Current Liabilities 40.0m)
Debt / Equity = 1.61 (Debt 1.67b / totalStockholderEquity, last quarter 1.04b)
Debt / EBITDA = 13.56 (Net Debt 1.55b / EBITDA 114.0m)
Debt / FCF = 7.40 (Net Debt 1.55b / FCF TTM 208.9m)
Total Stockholder Equity = 1.06b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.37% (Net Income 62.0m / Total Assets 2.75b)
RoE = 5.84% (Net Income TTM 62.0m / Total Stockholder Equity 1.06b)
RoCE = 3.79% (EBIT 88.9m / Capital Employed (Equity 1.06b + L.T.Debt 1.29b))
RoIC = 2.79% (NOPAT 86.0m / Invested Capital 3.08b)
WACC = 6.51% (E(742.1m)/V(2.41b) * Re(8.15%) + D(1.67b)/V(2.41b) * Rd(5.97%) * (1-Tc(0.03)))
Discount Rate = 8.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 87.41 | Cagr: 25.86%
[DCF] Terminal Value 75.44% ; FCFF base≈208.9m ; Y1≈209.8m ; Y5≈222.2m
[DCF] Fair Price = 19.25 (EV 3.46b - Net Debt 1.55b = Equity 1.91b / Shares 99.2m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -94.45 | EPS CAGR: -8.38% | SUE: -0.65 | # QB: 0
Revenue Correlation: 75.18 | Revenue CAGR: 48.50% | SUE: -0.33 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.27 | Chg30d=-6.98% | Revisions=-62% | Analysts=6
EPS current Year (2026-09-30): EPS=1.06 | Chg30d=-5.64% | Revisions=-67% | GrowthEPS=-8.2% | GrowthRev=+3.5%
EPS next Year (2027-09-30): EPS=1.10 | Chg30d=-6.33% | Revisions=-70% | GrowthEPS=+3.1% | GrowthRev=+1.0%
[Analyst] Revisions Ratio: -86% (up=0, down=18)