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Earnings transcript
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PFLT
PennantPark Floating Rate Capital Ltd.
$8.07
0.08
(1%)
| Exchange: | NYSE |
| Market Cap: | 800.688M |
| Shares Outstanding: | 6.851M |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Asset Management | |||||
| CEO: | Arthur Howard Penn | |||||
| Full Time Employees: | 0 | |||||
| Address: |
| |||||
| Website: | https://pflt.pennantpark.com |
PennantPark Floating Rate Capital Ltd. functions as a business development company (BDC). It pursues a diverse investment strategy, engaging in direct secondary market acquisitions, various debt and equity instruments, and loan investments. The fund principally allocates capital through floating rate loans to middle-market companies, which may be privately held, publicly traded with low liquidity, or publicly listed with modest market capitalization. While its primary geographical focus is the United States, a limited portion of its investments extends to international entities. Individual investment amounts typically range from $2 million to $20 million. Beyond debt, the fund also obtains equity securities, such as preferred stock, common stock, warrants, or options. These are acquired either through direct purchases or as part of its debt financing arrangements. For investments specifically in senior secured loans and mezzanine debt, the fund usually commits between $10 million and $50 million. It preferentially targets companies that are not rated by national credit agencies, though if assessed, their creditworthiness would likely fall between BB and CCC according to the Standard & Poor’s system. Up to 30% of the fund’s capital may be deployed into non-qualifying assets. These encompass investments in public companies whose securities are not thinly traded or have a market capitalization exceeding $250 million, middle-market firms situated outside the United States, high-yield bonds, distressed debt, private equity stakes, and investment companies as defined under the 1940 Act. Under normal operating conditions, the fund anticipates that at least 80% of its net assets, inclusive of any borrowings for investment, will be dedicated to floating rate loans and other financially similar investments, such as cash equivalents held in money market funds. A substantial 65% of its overall portfolio is projected to consist of senior secured loans. The typical duration for holding its floating rate loan investments is between three and ten years.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 80,321 | 167,823 | 171,520 |
| Gross Profit | 42,155 | 108,602 | 78,294 |
| EBITDA | 37,734 | 92,922 | 67,497 |
| Operating Income | 37,734 | 92,922 | 67,497 |
| Net Income | 39,261 | 91,839 | 66,365 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 1,179,611 | 2,108,845 | 2,913,681 |
| Total Liabilities | 526,006 | 1,231,551 | 1,839,165 |
| Total Stockholders Equity | 653,605 | 877,294 | 1,074,516 |
| Total Debt | 495,432 | 1,177,033 | 184,609 |
| Cash and Cash Equivalents | 100,555 | 112,050 | 122,688 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 140,562 | -801,378 | -720,581 |
| Capital Expenditure | 0 | 0 | 0 |
| Free Cash Flow | 140,562 | -801,378 | -720,581 |
| Net Income | 39,261 | 91,839 | 0 |
| Net Change in Cash | 49,067 | 11,495 | 10,638 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 267,667.744 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 277,924.813 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 271,712 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 123,216.019 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 127,937.676 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 125,077.720 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 97,103.982 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 101,963.346 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 99,533.664 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 12,887.813 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 13,381.676 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 13,082.538 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.070 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.100 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.050 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Dividend Yield: PFLT offers a competitive dividend yield (as per dividendYieldTTM in Key Metrics), appealing to income-focused investors. The consistent dividend payments highlighted in the Q1 2025 earnings call summary reinforce its commitment to returning value to shareholders.
- Conservative Investment Approach: The earnings call transcript emphasizes a conservative and diversified investment strategy, which mitigates risk in volatile market conditions and positions PFLT as a stable player in the financial sector.
- Positive Financial Performance: Recent income statement data shows steady revenue and net income figures, supported by the Q1 2025 earnings call summary indicating solid quarterly results. This reflects operational resilience and effective management.
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Intrinsic Value Calculator
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about PFLT valuation
Is PennantPark Floating Rate Capital Ltd. (PFLT) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for PennantPark Floating Rate Capital Ltd. (PFLT) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is PFLT a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PFLT trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is PFLT’s P/E ratio?
You can see PFLT’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for PFLT?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is PFLT a good long-term investment?
Whether PFLT fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
PFLT
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
1
Trading Metrics:
| Open: | 8 | Previous Close: | 7.99 | |
| Day Low: | 7.96 | Day High: | 8.07 | |
| Year Low: | 7.68 | Year High: | 10.88 | |
| Price Avg 50: | 8.49 | Price Avg 200: | 8.97 | |
| Volume: | 796504 | Average Volume: | 1.075M |
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Login — it's freePFLT full analysis
Welcome to MARKETSNAP’s SWOT analysis for PennantPark Floating Rate Capital, or PFLT as you might see it ticker-wise. If you’re a long-term investor looking to build wealth through smart stock picks, you’re in the right place. Today, we’re diving deep into this business development company to uncover what makes it tick, what’s holding it back, and where it could be headed. Let’s break it down with a full SWOT analysis, while keeping things engaging and packed with insights for your…
