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Apollo Investment Corp
AINV : NASDAQ : Financial
$5.71 | %
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 1,206,600
05/03/16 - 4:00 PM ET

Financial Analysis


APOLLO INVESTMENT CORP's gross profit margin for the third quarter of its fiscal year 2015 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, however the growth has outpaced the average competitor within the industry.

During the same period, stockholders' equity ("net worth") has decreased by 13.64% from the same quarter last year.

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Income Statement Q3 FY15 Q3 FY14
Net Sales ($mil)94.32110.03
EBITDA ($mil)67.4376.98
EBIT ($mil)67.4376.98
Net Income ($mil)-25.77-19.45


Balance Sheet Q3 FY15 Q3 FY14
Cash & Equiv. ($mil)10.4111.66
Total Assets ($mil)3219.293701.17
Total Debt ($mil)1384.721588.65
Equity ($mil)1724.211996.69


Profitability Q3 FY15 Q3 FY14
Gross Profit Margin71.4869.96
EBITDA Margin71.4869.96
Operating Margin71.4869.96
Sales Turnover0.120.12
Return on Assets-1.024.24
Return on Equity-1.97.86
Debt Q3 FY15 Q3 FY14
Current Ratio0.00.0
Debt/Capital0.450.44
Interest Expense19.3420.32
Interest Coverage3.493.79


Share Data Q3 FY15 Q3 FY14
Shares outstanding (mil)228.17236.74
Div / share0.20.2
EPS-0.11-0.09
Book value / share7.568.43
Institutional Own % n/a n/a
Avg Daily Volume1218606.01917810.0

Valuation


HOLD. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. Conducting a second comparison, its price-to-book ratio of 0.77 indicates a significant discount versus the S&P 500 average of 2.74 and a discount versus the industry average of 1.80. The current price-to-sales ratio is well above the S&P 500 average and above the industry average, indicating a premium. The valuation analysis reveals that, APOLLO INVESTMENT CORP seems to be trading at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
AINV NM Peers 19.79   AINV 3.11 Peers 11.66

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

AINV's P/E is negative making this valuation measure meaningless.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

AINV is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
AINV 7.06 Peers 14.48   AINV NA Peers 1.46

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

AINV is trading at a significant discount to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
AINV 0.77 Peers 1.80   AINV -121.21 Peers -22.13

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

AINV is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, AINV is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
AINV 3.33 Peers 3.11   AINV -7.34 Peers -1.90

Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

AINV is trading at a valuation on par with its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

AINV significantly trails its peers on the basis of sales growth

 

 

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