PennantPark Floating Rate Capital Ltd
Research PennantPark Floating Rate Capital Ltd (PFLT) on Bullrun: valuation model: 2.3% undervalued, market cap USD 663.77M, P/E 13.2, dividend yield 17.4%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerPFLT
- ExchangeNYSE
- CountryUnited States
- SectorFinancial Services
- IndustryAsset Management
- CurrencyUSD
- Valuation signal2.3% undervalued
- Market capUSD 663.77M
- P/E13.2
- Dividend yield17.4%
- Financial periodQ2 2026
- RevenueUSD 8.96M
- Net incomeUSD 7.58M
- Free cash flowUSD 103.26M
Valuation Snapshot
Bullrun's latest valuation model marks PennantPark Floating Rate Capital Ltd as 2.3% undervalued; latest market cap is USD 663.77M; P/E is 13.2; dividend yield is 17.4%.
Peer valuation comparison
Latest P/E is 13.21x versus a Financial Services sector median of 13.41x.
Latest dividend yield is 17.39% versus a Financial Services sector median of 3.66% (375.8% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 78.29M | USD 66.37M | -USD 720.58M | n/a | 0.72 | USD 122.69M | USD 1.78B | USD 1.07B |
| FY2024 | USD 108.60M | USD 91.84M | -USD 801.38M | n/a | 1.4 | USD 112.05M | USD 1.18B | USD 877.29M |
| FY2023 | USD 42.16M | USD 39.26M | USD 140.56M | n/a | 0.77 | USD 100.56M | USD 495.43M | USD 653.61M |
| FY2022 | USD 11.61M | USD 3.45M | -USD 46.58M | n/a | 0.08 | USD 51.49M | USD 672.78M | USD 527.09M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 663.77M | 13.2 | 17.2% | 1.15 |
| 2025 | 2025-12-31 | USD 919.75M | 26.5 | 12.9% | 1.2 |
| 2024 | 2024-12-31 | USD 927.47M | 7.9 | 11.0% | 1.2 |
| 2023 | 2023-12-29 | USD 710.69M | 17.3 | 9.9% | 1.2 |
| 2022 | 2022-12-30 | USD 497.89M | 78.4 | 10.9% | 1.2 |
| 2021 | 2021-12-31 | USD 499.96M | 11.1 | 9.4% | 1.2 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.15 USD, yield 17.4%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.21 USD |
| FY2024 | 1.2 USD |
| FY2023 | 1.2 USD |
| FY2022 | 1.2 USD |
About PennantPark Floating Rate Capital Ltd
PennantPark Floating Rate Capital Ltd. is a Private Debt, business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million.
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Frequently asked questions
Is PennantPark Floating Rate Capital Ltd overvalued or undervalued?
Bullrun's valuation model currently marks PennantPark Floating Rate Capital Ltd as 2.3% undervalued.
What is PennantPark Floating Rate Capital Ltd's market cap?
PennantPark Floating Rate Capital Ltd's market capitalization is USD 663.77M.
What is PennantPark Floating Rate Capital Ltd's P/E ratio?
PennantPark Floating Rate Capital Ltd's price-to-earnings (P/E) ratio is 13.2.
Does PennantPark Floating Rate Capital Ltd pay a dividend?
PennantPark Floating Rate Capital Ltd has a dividend yield of 17.4%.
What does PennantPark Floating Rate Capital Ltd do?
PennantPark Floating Rate Capital Ltd. is a Private Debt, business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million.