A Business at a Glance
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SARATOGA INVESTMENT CORP.
SAJ
$301M
Mkt Cap
$25.13
+0.20%
We are a specialty finance company that provides customized financing solutions to U.S middle-market businesses. Our investment objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from our investments. We primarily invest in senior and unitranche leveraged loans and mezzanine debt and, to a lesser extent, equity issued by private U.S. middle-market companies, which we define as companies having annual earnings before interest, taxes, depreciation and amortization (“EBITDA”) of between $2 million and $50 million, both through direct lending and through participation in loan syndicates. Our investments generally provide financing for change of ownership transactions, strategic acquisitions, recapitalizations, and growth initiatives in partnership with business owners, management teams and financial sponsors.
| Metric | TTM | FY2023 |
|---|---|---|
| Revenue | 0 | 0 |
| Net Income | 39M | 25M |
| EPS | $2.42 | $2.06 |
| Free Cash Flow | 0 | -130M |
| ROIC | 0.0% | 0.0% |
| Gross Margin | - | 0.0% |
| Debt/Equity | 0.17 | 0.00 |
| Dividends/Share | $3.19 | $1.89 |
| Operating Income | 0 | 25M |
| Operating Margin | 0.0% | 0.0% |
| ROE | 9.3% | 0.0% |
| Shares Outstanding | 16M | 12M |
| Metric | ||
|---|---|---|
| Income Statement | ||
| Revenue | 0 | 0 |
| Gross Margin | 0.0% | N/A |
| R&D | N/A | N/A |
| SG&A | 3.2M | 1.7M |
| EBIT | 25M | 0 |
| Op. Margin | 0.0% | 0.0% |
| Net Income | 25M | 39M |
| Net Margin | 0.0% | 0.0% |
| Non-Recurring | 0 | 0 |
| Returns on Capital | ||
| ROIC | 0.0% | 0.0% |
| ROE | 0.0% | 9.3% |
| ROA | 0.0% | 3.2% |
| Cash Flow | ||
| Op. Cash Flow | -130M | -16M |
| Free Cash Flow | -130M | 0 |
| Owner Earnings | -132M | -17M |
| CapEx | 0 | 0 |
| Maint. CapEx | 1.7M | 1.7M |
| Growth CapEx | N/A | 0 |
| D&A | 1.7M | 1.7M |
| CapEx/OCF | N/A | 0.0% |
| Capital Allocation | ||
| Dividends Paid | 23M | 52M |
| Dividend Yield | N/A | 12.7% |
| Share Buybacks | 11M | 11M |
| Buyback Yield | 0.0% | 2.7% |
| Stock-Based Comp | 0 | 0 |
| Debt Repayment | 76M | 76M |
| Balance Sheet | ||
| Net Debt | 752M | -35M |
| Cash & Equiv. | 8.9M | 105M |
| Long-Term Debt | 728M | 728M |
| Debt/Equity | 0.00 | 0.17 |
| Interest Coverage | 69.1 | 69.1 |
| Equity | 0 | 413M |
| Total Assets | 0 | 1.2B |
| Total Liabilities | 731M | 784M |
| Intangibles | 0 | 0 |
| Retained Earnings | 25M | -24M |
| Working Capital | 0 | 115M |
| Current Assets | 0 | 117M |
| Current Liabilities | 0 | 2.1M |
| Per Share Data | ||
| EPS | 2.06 | 2.42 |
| Owner EPS | -11.03 | -1.06 |
| Book Value | 0.00 | 25.53 |
| Cash Flow/Share | -10.88 | 2.49 |
| Dividends/Share | 1.89 | 3.19 |
| Shares Out. | 12.0M | 16.2M |
| Valuation | ||
| P/E Ratio | N/A | 10.4 |
| P/FCF | N/A | N/A |
| EV/EBIT | N/A | N/A |
| Price/Book | N/A | 1.0 |
| Price/Sales | N/A | N/A |
| FCF Yield | N/A | N/A |
| Market Cap | 0 | 407M |
| Avg. Price | 0.00 | 25.13 |
| Year-End Price | 0.00 | 25.13 |
SARATOGA INVESTMENT CORP. passes 1 of 9 quality checks, indicating weak fundamentals.
Total shareholder yield (dividends + buybacks) is 15.4%.
SARATOGA INVESTMENT CORP. (SAJ) has a current P/E ratio of 12.2.
SARATOGA INVESTMENT CORP. (SAJ) has a market capitalization of $407M. It is classified as a small-cap stock.
Yes, SARATOGA INVESTMENT CORP. (SAJ) pays a dividend with a trailing twelve-month yield of 12.70%. The company also returns capital through share buybacks, with a buyback yield of 2.66%.
SARATOGA INVESTMENT CORP. (SAJ) generated $-130 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
SARATOGA INVESTMENT CORP. (SAJ) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
SARATOGA INVESTMENT CORP. (SAJ) reported earnings per share (EPS) of $2.06 in its most recent fiscal year.
The Ledger Terminal provides 1 years of financial data for SARATOGA INVESTMENT CORP. (SAJ), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.