(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 | 13.50% |
| Yield on Cost 5y | 19.87% |
| Yield CAGR 5y | 1.92% |
| Payout Consistency | 98.0% |
| Payout Ratio | 45.6% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 16.4% |
| Value at Risk 5%th | 27.9% |
| Relative Tail Risk | 3.43% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.42 |
| Alpha | -18.72 |
| CAGR/Max DD | 0.17 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.632 |
| Beta | 0.649 |
| Beta Downside | 0.727 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.85% |
| Mean DD | 6.51% |
| Median DD | 6.27% |
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) 1.5
| Net Income (70.2m TTM) > 0 and > 6% of Revenue (6% = 11.2m TTM) |
| FCFTA -0.27 (>2.0%) and ΔFCFTA 0.55pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 45.83% (prev 42.13%; Δ 3.70pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.27 (>3.0%) and CFO -677.8m <= Net Income 70.2m (YES >=105%, WARN >=100%) |
| Net Debt (1.29b) to EBITDA (87.3m) ratio: 14.76 <= 3.0 (WARN <= 3.5) |
| Current Ratio 3.80 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (81.7m) change vs 12m ago 19.25% (target <= -2.0% for YES) |
| Gross Margin 53.55% (prev 68.54%; Δ -14.99pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 8.73% (prev 8.77%; Δ -0.04pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.51 (EBITDA TTM 87.3m / Interest Expense TTM 86.7m) >= 6 (WARN >= 3) |
Altman Z'' 0.09
| (A) 0.03 = (Total Current Assets 116.1m - Total Current Liabilities 30.5m) / Total Assets 2.52b |
| (B) -0.05 = Retained Earnings (Balance) -134.1m / Total Assets 2.52b |
| (C) 0.02 = EBIT TTM 44.4m / Avg Total Assets 2.14b |
| (D) -0.09 = Book Value of Equity -134.0m / Total Liabilities 1.43b |
| Total Rating: 0.09 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 39.60
| 1. Piotroski 1.50pt |
| 2. FCF Yield -30.98% |
| 3. FCF Margin data missing |
| 4. Debt/Equity 1.28 |
| 5. Debt/Ebitda 14.76 |
| 6. ROIC - WACC (= -2.39)% |
| 7. RoE 7.03% |
| 8. Rev. Trend 47.94% |
| 9. EPS Trend -46.44% |
What is the price of PFLT shares?
Over the past week, the price has changed by +2.47%, over one month by -0.51%, over three months by -7.23% and over the past year by -7.17%.
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 | 10.9 | 19.2% |
| Analysts Target Price | 10.9 | 19.2% |
| ValueRay Target Price | 10.5 | 15.3% |
PFLT Fundamental Data Overview November 25, 2025
P/E Trailing = 11.0488
P/E Forward = 8.071
P/S = 3.625
P/B = 0.8266
P/EG = 0.266
Beta = 0.745
Revenue TTM = 186.7m USD
EBIT TTM = 44.4m USD
EBITDA TTM = 87.3m USD
Long Term Debt = 1.21b USD (estimated: total debt 1.39b - short term 184.4m)
Short Term Debt = 184.4m USD (from shortTermDebt, last quarter)
Debt = 1.39b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.29b USD (from netDebt column, last quarter)
Enterprise Value = 2.19b USD (898.9m + Debt 1.39b - CCE 102.7m)
Interest Coverage Ratio = 0.51 (Ebit TTM 44.4m / Interest Expense TTM 86.7m)
FCF Yield = -30.98% (FCF TTM -677.8m / Enterprise Value 2.19b)
FCF Margin = -363.0% (FCF TTM -677.8m / Revenue TTM 186.7m)
Net Margin = 37.59% (Net Income TTM 70.2m / Revenue TTM 186.7m)
Gross Margin = 53.55% ((Revenue TTM 186.7m - Cost of Revenue TTM 86.7m) / Revenue TTM)
Gross Margin QoQ = 52.18% (prev 12.76%)
Tobins Q-Ratio = 0.87 (Enterprise Value 2.19b / Total Assets 2.52b)
Interest Expense / Debt = 1.62% (Interest Expense 22.5m / Debt 1.39b)
Taxrate = 2.54% (503.0k / 19.8m)
NOPAT = 43.3m (EBIT 44.4m * (1 - 2.54%))
Current Ratio = 3.80 (Total Current Assets 116.1m / Total Current Liabilities 30.5m)
Debt / Equity = 1.28 (Debt 1.39b / totalStockholderEquity, last quarter 1.09b)
Debt / EBITDA = 14.76 (Net Debt 1.29b / EBITDA 87.3m)
Debt / FCF = -1.90 (negative FCF - burning cash) (Net Debt 1.29b / FCF TTM -677.8m)
Total Stockholder Equity = 998.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.78% (Net Income 70.2m / Total Assets 2.52b)
RoE = 7.03% (Net Income TTM 70.2m / Total Stockholder Equity 998.6m)
RoCE = 2.01% (EBIT 44.4m / Capital Employed (Equity 998.6m + L.T.Debt 1.21b))
RoIC = 1.87% (NOPAT 43.3m / Invested Capital 2.32b)
WACC = 4.26% (E(898.9m)/V(2.29b) * Re(8.41%) + D(1.39b)/V(2.29b) * Rd(1.62%) * (1-Tc(0.03)))
Discount Rate = 8.41% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 17.91%
Fair Price DCF = unknown (Cash Flow -677.8m)
EPS Correlation: -46.44 | EPS CAGR: -48.24% | SUE: -4.0 | # QB: 0
Revenue Correlation: 47.94 | Revenue CAGR: 41.06% | SUE: -0.57 | # QB: 0
Additional Sources for PFLT Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle