Apollo Investment Corp

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AINV : NASDAQ : Financial
$6.08 -0.01 | -0.16%
Today's Range: 6.05 - 6.1192
Avg. Daily Volume: 1423700.0
12/08/16 - 4:00 PM ET

Financial Analysis


APOLLO INVESTMENT CORP's gross profit margin for the second quarter of its fiscal year 2016 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased.

During the same period, stockholders' equity ("net worth") has decreased by 15.59% from the same quarter last year.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)69.0398.42
EBITDA ($mil)53.9871.33
EBIT ($mil)53.9871.33
Net Income ($mil)41.11-1.75


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)65.7411.42
Total Assets ($mil)2654.563302.86
Total Debt ($mil)1014.791370.16
Equity ($mil)1541.941826.86


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin78.272.47
EBITDA Margin78.1972.47
Operating Margin78.272.47
Sales Turnover0.120.12
Return on Assets-1.88-0.8
Return on Equity-3.25-1.45
Debt Q2 FY16 Q2 FY15
Current Ratio0.00.0
Debt/Capital0.40.43
Interest Expense14.4421.76
Interest Coverage3.743.28


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)222.0233.4
Div / share0.150.2
EPS0.18-0.01
Book value / share6.957.83
Institutional Own % n/a n/a
Avg Daily Volume1399380.01058012.0

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. For additional comparison, its price-to-book ratio of 0.86 indicates a significant discount versus the S&P 500 average of 2.82 and a significant discount versus the industry average of 4.13. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. After reviewing these and other key valuation criteria, APOLLO INVESTMENT CORP proves to trade at a discount 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 22.49   AINV 2.12 Peers 17.05

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 9.02 Peers 28.43   AINV NA Peers 2.27

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 0.86 Peers 4.13   AINV -83.33 Peers 45.09

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 4.10 Peers 6.01   AINV -21.13 Peers 1.05

Discount. 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 significant discount to 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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