Apollo Investment Corp.

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AINV : NASDAQ : Finance
$5.41 -0.09 | -1.6%
Today's Range: 5.39 - 5.48
Avg. Daily Volume: 1061300.0
02/20/18 - 3:59 PM ET

Financial Analysis


APOLLO INVESTMENT CORP's gross profit margin for the third quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry.

During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 4.35% from the same quarter last year.

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Income Statement Q3 FY17 Q3 FY16
Net Sales ($mil)64.7568.07
EBITDA ($mil)46.450.83
EBIT ($mil)46.450.83
Net Income ($mil)5.8311.29


Balance Sheet Q3 FY17 Q3 FY16
Cash & Equiv. ($mil)12.2257.39
Total Assets ($mil)2415.572635.47
Total Debt ($mil)875.171033.96
Equity ($mil)1441.051506.7


Profitability Q3 FY17 Q3 FY16
Gross Profit Margin71.6674.66
EBITDA Margin71.6574.66
Operating Margin71.6674.66
Sales Turnover0.110.11
Return on Assets3.08-0.49
Return on Equity5.16-0.86
Debt Q3 FY17 Q3 FY16
Current Ratio0.00.0
Debt/Capital0.380.41
Interest Expense12.4314.47
Interest Coverage3.733.51


Share Data Q3 FY17 Q3 FY16
Shares outstanding (mil)218.26219.7
Div / share0.150.15
EPS0.030.05
Book value / share6.66.86
Institutional Own % n/a n/a
Avg Daily Volume1095844.0890352.0

Valuation


HOLD. The current P/E ratio indicates a significant discount compared to an average of 29.51 for the Capital Markets industry and a discount compared to the S&P 500 average of 25.51. For additional comparison, its price-to-book ratio of 0.82 indicates a significant discount versus the S&P 500 average of 3.26 and a significant discount versus the industry average of 5.38. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. Upon assessment of 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 15.91 Peers 29.51   AINV 3.98 Peers 32.09

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

AINV is trading at a significant discount to its peers.

 

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 8.32 Peers 17.17   AINV 0.02 Peers 0.75

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.

 

Discount. 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.

AINV trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
AINV 0.82 Peers 5.38   AINV 666.66 Peers 37.78

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 4.47 Peers 5.27   AINV -11.65 Peers 14.72

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 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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