Apollo Investment Corp

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AINV : NASDAQ : Financial
$5.71 -0.03 | -0.52%
Today's Range: 5.68 - 5.75
Avg. Daily Volume: 1,053,200
07/28/16 - 4:00 PM ET

Financial Analysis


APOLLO INVESTMENT CORP's gross profit margin for the fourth quarter of its fiscal year 2015 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the industry, the net income growth did not.

During the same period, stockholders' equity ("net worth") has decreased by 15.07% from the same quarter last year.

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Income Statement Q4 FY15 Q4 FY14
Net Sales ($mil)85.34102.12
EBITDA ($mil)61.9373.24
EBIT ($mil)61.9373.24
Net Income ($mil)-23.4-11.73


Balance Sheet Q4 FY15 Q4 FY14
Cash & Equiv. ($mil)16.523.77
Total Assets ($mil)3093.293560.89
Total Debt ($mil)1327.611498.76
Equity ($mil)1645.581937.61


Profitability Q4 FY15 Q4 FY14
Gross Profit Margin72.5871.72
EBITDA Margin72.5771.72
Operating Margin72.5871.72
Sales Turnover0.120.12
Return on Assets-1.432.11
Return on Equity-2.73.89
Debt Q4 FY15 Q4 FY14
Current Ratio0.00.0
Debt/Capital0.450.44
Interest Expense17.3221.17
Interest Coverage3.583.46


Share Data Q4 FY15 Q4 FY14
Shares outstanding (mil)226.16236.74
Div / share0.20.2
EPS-0.1-0.05
Book value / share7.288.18
Institutional Own % n/a n/a
Avg Daily Volume1067326.01209797.0

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 0.78 indicates a significant discount versus the S&P 500 average of 2.81 and a discount versus the industry average of 1.72. 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 18.21   AINV 2.92 Peers 18.05

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 7.18 Peers 15.90   AINV NA Peers 1.57

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 0.78 Peers 1.72   AINV -161.29 Peers -45.07

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 3.36 Peers 3.04   AINV -12.43 Peers -2.28

Premium. 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 premium 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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