(PFLT) PennantPark Floating Rate - Ratings and Ratios
Floating Rate Loans, Senior Secured Loans, Mezzanine Debt, Equity Securities
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 13.61% |
| Yield on Cost 5y | 20.33% |
| Yield CAGR 5y | 1.92% |
| Payout Consistency | 98.0% |
| Payout Ratio | 34.8% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 14.6% |
| Value at Risk 5%th | 24.7% |
| Relative Tail Risk | 2.99% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.31 |
| Alpha | -17.76 |
| CAGR/Max DD | 0.23 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.643 |
| Beta | 0.659 |
| Beta Downside | 0.735 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.85% |
| Mean DD | 6.72% |
| Median DD | 6.41% |
Description: PFLT PennantPark Floating Rate November 17, 2025
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) operates as a Business Development Company (BDC) that focuses on secondary direct investments in debt, equity, and loan instruments. Its core mandate is to provide floating-rate financing to private or thinly-traded middle-market companies, primarily in the United States, with limited exposure to non-U.S. issuers.
The fund typically deploys $2 million–$20 million per transaction, concentrating 65 % of its portfolio in senior secured loans and mezzanine debt ranging from $10 million–$50 million. Approximately 30 % of assets may be allocated to non-qualifying securities such as larger public equities, high-yield bonds, or distressed debt, but under normal conditions at least 80 % of net assets (plus any borrowing) are held in floating-rate loans or cash equivalents. The investment horizon for these loans spans three to ten years, targeting companies that would fall between BB and CCC if rated by S&P.
As of FY 2023, PFLT reported assets under management of roughly $1.1 billion and a distribution yield near 10.5 %, reflecting its high-yield, rate-sensitive structure. The portfolio’s average loan spread sits around 5.5 % over LIBOR, and its leverage ratio is modest at 1.2 ×, providing a buffer against credit stress. The fund’s performance is closely tied to the Federal Reserve’s policy cycle: rising rates tend to enhance floating-rate coupon income, while widening high-yield spreads can pressure credit quality in the middle-market segment.
For a deeper, data-driven dive into PFLT’s floating-rate loan exposure and sensitivity to rate moves, the ValueRay platform offers a granular analytics suite worth exploring.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (66.4m TTM) > 0 and > 6% of Revenue (6% = 10.9m TTM) |
| FCFTA -0.12 (>2.0%) and ΔFCFTA 26.20pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -26.48% (prev 47.85%; Δ -74.33pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.12 (>3.0%) and CFO -343.8m <= Net Income 66.4m (YES >=105%, WARN >=100%) |
| Net Debt (61.9m) to EBITDA (84.4m) ratio: 0.73 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.74 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (99.2m) change vs 12m ago 34.63% (target <= -2.0% for YES) |
| Gross Margin 48.67% (prev 64.71%; Δ -16.04pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 7.23% (prev 7.96%; Δ -0.73pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.48 (EBITDA TTM 84.4m / Interest Expense TTM 93.2m) >= 6 (WARN >= 3) |
Altman Z'' -0.23
| (A) -0.02 = (Total Current Assets 136.5m - Total Current Liabilities 184.6m) / Total Assets 2.91b |
| (B) -0.05 = Retained Earnings (Balance) -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 |
| Total Rating: -0.23 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 41.06
| 1. Piotroski 3.0pt |
| 2. FCF Yield -35.90% |
| 3. FCF Margin data missing |
| 4. Debt/Equity 0.17 |
| 5. Debt/Ebitda 0.73 |
| 6. ROIC - WACC (= -7.58)% |
| 7. RoE 6.33% |
| 8. Rev. Trend 52.35% |
| 9. EPS Trend -30.02% |
What is the price of PFLT shares?
Over the past week, the price has changed by -0.88%, over one month by +0.43%, over three months by +0.99% and over the past year by -5.43%.
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 | 19.4% |
| Analysts Target Price | 10.8 | 19.4% |
| ValueRay Target Price | 10.5 | 16.2% |
PFLT Fundamental Data Overview December 22, 2025
P/E Trailing = 12.5417
P/E Forward = 7.9365
P/S = 3.4271
P/B = 0.8338
P/EG = 0.266
Beta = 0.744
Revenue TTM = 181.6m USD
EBIT TTM = 44.4m USD
EBITDA TTM = 84.4m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 184.6m USD (from shortTermDebt, last quarter)
Debt = 184.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 61.9m USD (from netDebt column, last quarter)
Enterprise Value = 957.9m USD (895.9m + Debt 184.6m - CCE 122.7m)
Interest Coverage Ratio = 0.48 (Ebit TTM 44.4m / Interest Expense TTM 93.2m)
FCF Yield = -35.90% (FCF TTM -343.8m / Enterprise Value 957.9m)
FCF Margin = -189.3% (FCF TTM -343.8m / 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 = 0.33 (Enterprise Value 957.9m / Total Assets 2.91b)
Interest Expense / Debt = 13.97% (Interest Expense 25.8m / Debt 184.6m)
Taxrate = 6.81% (1.28m / 18.8m)
NOPAT = 41.4m (EBIT 44.4m * (1 - 6.81%))
Current Ratio = 0.74 (Total Current Assets 136.5m / Total Current Liabilities 184.6m)
Debt / Equity = 0.17 (Debt 184.6m / totalStockholderEquity, last quarter 1.07b)
Debt / EBITDA = 0.73 (Net Debt 61.9m / EBITDA 84.4m)
Debt / FCF = -0.18 (negative FCF - burning cash) (Net Debt 61.9m / FCF TTM -343.8m)
Total Stockholder Equity = 1.05b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.28% (Net Income 66.4m / Total Assets 2.91b)
RoE = 6.33% (Net Income TTM 66.4m / Total Stockholder Equity 1.05b)
RoCE = 4.24% (EBIT 44.4m / Capital Employed (Equity 1.05b + L.T.Debt 0.0))
RoIC = 1.64% (NOPAT 41.4m / Invested Capital 2.52b)
WACC = 9.22% (E(895.9m)/V(1.08b) * Re(8.44%) + D(184.6m)/V(1.08b) * Rd(13.97%) * (1-Tc(0.07)))
Discount Rate = 8.44% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 29.97%
Fair Price DCF = unknown (Cash Flow -343.8m)
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=+0.002 | Revisions Net=+1 | Analysts=6
EPS current Year (2026-09-30): EPS=1.19 | Chg30d=+0.022 | Revisions Net=+3 | Growth EPS=+2.4% | Growth Revenue=+5.7%
EPS next Year (2027-09-30): EPS=1.18 | Chg30d=+0.084 | Revisions Net=+0 | Growth EPS=-1.1% | Growth Revenue=-1.1%
Additional Sources for PFLT Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle