New Mountain Finance Corporation
Find Ratings ReportsNEW MOUNTAIN FINANCE CORP's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its subsector.
During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 93.04 | 74.11 |
EBITDA ($mil) | 71.79 | 54.48 |
EBIT ($mil) | 71.79 | 54.48 |
Net Income ($mil) | 27.24 | 14.88 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 86.59 | 87.73 |
Total Assets ($mil) | 3159.21 | 3354.93 |
Total Debt ($mil) | 1785.45 | 1980.66 |
Equity ($mil) | 1319.95 | 1314.47 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 77.16 | 73.51 |
EBITDA Margin | 77.15 | 73.51 |
Operating Margin | 77.16 | 73.51 |
Sales Turnover | 0.12 | 0.09 |
Return on Assets | 4.28 | 2.22 |
Return on Equity | 10.25 | 5.69 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.57 | 0.6 |
Interest Expense | 30.86 | 28.46 |
Interest Coverage | 2.33 | 1.91 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 102.56 | 100.94 |
Div / share | 0.46 | 0.32 |
EPS | 0.26 | 0.15 |
Book value / share | 12.87 | 13.02 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 510996.0 | 317252.0 |
HOLD. NEW MOUNTAIN FINANCE CORP's P/E ratio indicates a significant discount compared to an average of 49.70 for the Securities, Commodity Contracts, Financial Investm subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.95 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 3.54. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. Upon assessment of these and other key valuation criteria, NEW MOUNTAIN FINANCE CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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NMFC 9.83 | Peers 49.70 | NMFC 3.79 | Peers 29.90 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. NMFC 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. NMFC is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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NMFC 8.56 | Peers 19.20 | NMFC 0.53 | Peers 1.61 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. NMFC 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. NMFC trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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NMFC 0.95 | Peers 3.54 | NMFC 71.23 | Peers 71.14 | |||||||||||||||||||||
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. NMFC is trading at a significant discount to its peers. |
Average. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. NMFC is expected to keep pace with its peers on the basis of earnings growth. |
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Price/Sales |
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Sales Growth |
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NMFC 3.36 | Peers 5.47 | NMFC 27.22 | Peers 38.40 | |||||||||||||||||||||
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. NMFC is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. NMFC significantly trails its peers on the basis of sales growth. |
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