Saratoga Investment Corp
Research Saratoga Investment Corp (SAR) on Bullrun: valuation model: 4.7% undervalued, market cap USD 300.04M, P/E 18.4, dividend yield 17.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerSAR
- ExchangeNYSE
- CountryUnited States
- SectorFinancial Services
- IndustryAsset Management
- CurrencyUSD
- Valuation signal4.7% undervalued
- Market capUSD 300.04M
- P/E18.4
- Dividend yield17.7%
- Financial periodFY2026
- Net incomeUSD 36.60M
Valuation Snapshot
Bullrun's latest valuation model marks Saratoga Investment Corp as 4.7% undervalued; latest market cap is USD 300.04M; P/E is 18.4; dividend yield is 17.7%.
Peer valuation comparison
Latest P/E is 18.41x versus a Financial Services sector median of 13.84x (33.0% above).
Latest dividend yield is 17.73% versus a Financial Services sector median of 3.86% (359.9% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2026 | n/a | USD 36.60M | n/a | n/a | 2.31 | USD 1.68M | USD 739.38M | USD 396.16M |
| FY2025 | USD 52.11M | USD 28.09M | -USD 15.53M | n/a | 2.02 | USD 148.22M | USD 793.88M | USD 392.67M |
| FY2024 | USD 46.93M | USD 8.93M | USD 196.80M | n/a | 0.71 | USD 8.69M | USD 823.78M | USD 370.22M |
| FY2023 | n/a | USD 24.68M | n/a | n/a | 2.06 | USD 65.75M | USD 728.38M | USD 346.96M |
| FY2022 | n/a | USD 45.74M | n/a | n/a | 3.99 | USD 47.26M | USD 701.16M | USD 355.78M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 300.04M | 18.4 | 17.6% | 3.25 |
| 2025 | 2025-12-31 | USD 372.47M | 9.4 | 14.0% | 3.24 |
| 2024 | 2024-12-31 | USD 332.71M | 9.6 | 13.8% | 3.3 |
| 2023 | 2023-12-29 | USD 339.15M | 13.3 | 10.9% | 2.82 |
| 2022 | 2022-12-30 | USD 302.96M | 22.2 | 11.0% | 2.81 |
| 2021 | 2021-12-31 | USD 345.13M | 7.1 | 6.2% | 1.81 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 3.25 USD, yield 17.7%.
| Year | Dividends/share |
|---|---|
| FY2026 | 1.5 USD |
| FY2025 | 3.24 USD |
| FY2024 | 3.3 USD |
| FY2023 | 2.82 USD |
| FY2022 | 2.81 USD |
About Saratoga Investment Corp
Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. The fund structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity.
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Frequently asked questions
Is Saratoga Investment Corp overvalued or undervalued?
Bullrun's valuation model currently marks Saratoga Investment Corp as 4.7% undervalued.
What is Saratoga Investment Corp's market cap?
Saratoga Investment Corp's market capitalization is USD 300.04M.
What is Saratoga Investment Corp's P/E ratio?
Saratoga Investment Corp's price-to-earnings (P/E) ratio is 18.4.
Does Saratoga Investment Corp pay a dividend?
Saratoga Investment Corp has a dividend yield of 17.7%.
What does Saratoga Investment Corp do?
Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. The fund structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity.