Apollo Investment Corp

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AINV : NASDAQ : Financial
$6.32 | %
Today's Range: 6.2 - 6.34
Avg. Daily Volume: 1331800.0
02/24/17 - 4:00 PM ET

Financial Analysis


APOLLO INVESTMENT CORP's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged 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 12.61% from the same quarter last year.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)68.0794.32
EBITDA ($mil)50.8367.43
EBIT ($mil)50.8367.43
Net Income ($mil)11.29-25.77


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)57.3910.41
Total Assets ($mil)2635.473219.29
Total Debt ($mil)1033.961384.72
Equity ($mil)1506.71724.21


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin74.6671.48
EBITDA Margin74.6671.48
Operating Margin74.6671.48
Sales Turnover0.110.12
Return on Assets-0.49-1.02
Return on Equity-0.86-1.9
Debt Q3 FY16 Q3 FY15
Current Ratio0.00.0
Debt/Capital0.410.45
Interest Expense14.4719.34
Interest Coverage3.513.49


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)219.7228.17
Div / share0.150.2
EPS0.05-0.11
Book value / share6.867.56
Institutional Own % n/a n/a
Avg Daily Volume1394758.01215586.0

Valuation


HOLD. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 0.91 indicates a significant discount versus the S&P 500 average of 2.94 and a significant discount versus the industry average of 4.08. 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 25.63   AINV 2.35 Peers 27.70

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 9.57 Peers 17.21   AINV NA Peers 1.96

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 0.91 Peers 4.08   AINV 57.15 Peers 4.04

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.

 

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

AINV is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
AINV 4.57 Peers 9.20   AINV -24.62 Peers 4.57

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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