Apollo Investment Corp

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AINV : NASDAQ : Financial
$6.17 up 0.04 | 0.65%
Today's Range: 6.10 - 6.18
Avg. Daily Volume: 1,095,300
08/29/16 - 3:59 PM ET

Financial Analysis


APOLLO INVESTMENT CORP's gross profit margin for the first quarter of its fiscal year 2016 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 decreased by 18.14% from the same quarter last year.

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Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)76.47101.67
EBITDA ($mil)52.8673.42
EBIT ($mil)52.8673.42
Net Income ($mil)-42.096.39


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)57.59.96
Total Assets ($mil)2786.63453.99
Total Debt ($mil)1098.981390.89
Equity ($mil)1552.411896.65


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin69.1272.22
EBITDA Margin69.1272.21
Operating Margin69.1272.22
Sales Turnover0.130.13
Return on Assets-3.330.49
Return on Equity-5.990.9
Debt Q1 FY16 Q1 FY15
Current Ratio0.00.0
Debt/Capital0.410.42
Interest Expense16.7922.44
Interest Coverage3.153.27


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)225.07236.74
Div / share0.20.2
EPS-0.190.03
Book value / share6.98.01
Institutional Own % n/a n/a
Avg Daily Volume1089686.01043752.0

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. Conducting a second comparison, its price-to-book ratio of 0.88 indicates a significant discount versus the S&P 500 average of 2.82 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 19.89   AINV 2.45 Peers 12.45

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 8.71 Peers 17.80   AINV NA Peers 1.40

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 0.88 Peers 1.72   AINV -685.71 Peers -30.44

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 3.87 Peers 3.86   AINV -18.07 Peers -3.40

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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