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PhenixFIN Corporation

PFX Financial Asset Management

PhenixFIN Corporation’s revenue for fiscal 2025 (year ended September 2025) was $25.3 million, up 13.9% from fiscal 2024.

Revenue
+4.77%
EPS
+396.0%
Free cash flow
+89.9%
Total debt
+1.24%

Quarter to June 2026, against a year earlier

41.37 0.36 −0.86%
Market cap
$81.5M
P/E
17.2×
Fwd P/E
44.6×
Dividend yield
0.00%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 28.09%

Capital & Financial Ratios $m

Size
Market Cap 81.45
Revenue ttm 25.18
Net income ttm 4.67
Free cash flow ttm (2.99)
Net debt Q 144.53
Valuation
P/E 17.17
Forward P/E 44.60 (above 35: high)
Price / sales 3.18
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.51
Financial health
Current ratio Q 1.34
Debt / equity Q 0.93
Interest coverage Q 1.89
Growth
Revenue growth Q +4.77% (above 0%: growing)
Operating income growth Q +15.11% (above 0%: growing)
EPS, this year +22.25% (at or above 15%: strong)
EPS, next year A −19.25% (below 0%: weak)
Revenue, next year A −4.56% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +5.00%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 70.70%
10-year low 10-year high
P/S against its own 10 years 36.13%
10-year low 10-year high
P/B against its own 10 years 9.94%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
0.00%
Growth, 2016–24
−34.7%/yr
  1. 39.42 ’16
  2. 14.00 ’17 −64
  3. 11.18 ’18 −20
  4. 2.05 ’19 −82
  5. 0.00 ’20 −100
  6. 0.00 ’21
  7. 0.00 ’22
  8. 0.00 ’23
  9. 1.31 ’24
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 6 68 7 2
Receivables 5 1 1 1
Inventory — — — —
Other — — — —
11 69 9 4
2023 2024 2025 Q'26
Payables 8 6 5 3
ST’ Debt — — — —
Other — — — —
8 6 6 3

Compound Annual Growth %

10y 5y 3y
Sales (16.27%) 3.26% 17.57%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (12.62%) 1.31% 9.98%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.47 Actual 1.08

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.24 0.69 Beat by 0.45
Q1 FY26 0.39 1.07 Beat by 0.68
Q2 FY26 0.45 0.37 Miss by 0.08
Q3 FY26 0.47 1.08 Beat by 0.61
Q4 FY26 0.60 — Reports 11 December 2026

EPS $

Dec Mar Jun Sep Year
’26 (2.38) 0.57 2.19 — —
’25 1.22 (0.44) (0.74) 2.03 2.06
’24 2.19 2.62 1.29 3.02 9.13
’23 1.88 3.20 4.26 3.53 12.87
’22 1.91 1.24 (4.19) (2.02) (2.63)
’21 (2.36) 2.87 2.60 (2.63) 0.48
’20 1.60 (29.00) 2.79 0.47 (24.63)
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 7 5 6 — —
’25 6 6 6 7 25
’24 6 5 6 6 22
’23 5 5 5 6 20
’22 3 4 4 5 16
’21 13 6 9 4 32
’20 7 5 4 4 22
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 (2) 3 (1) — —
’25 (66) 9 (7) (3) (67)
’24 7 9 (8) 9 16
’23 (5) (7) (5) (4) (21)
’22 (10) (9) (13) 3 (29)
’21 80 (3) (5) 23 95
’20 47 15 13 4 78
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 (2) 3 (1) — —
’25 (66) 9 (7) (3) (67)
’24 7 9 (8) 9 16
’23 (5) (7) (5) (4) (21)
’22 (10) (9) (13) 3 (29)
’21 80 (3) (5) 23 95
’20 47 15 13 4 78
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 121 96 67 46 22 32 16 20 22 25 25 (16.0%) 24 23 — (4.1%)
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT (28) (15) (111) (97) (66) 1 (6) 27 18 4 5 n/m
EBT margin, % (23.16) (15.39) (166.48) (208.59) (305.80) 3.96 (39.29) 133.71 79.94 15.62 21.20 +38.8 pt
Net income (28) (15) (111) (97) (66) 1 (6) 27 19 4 5 n/m
Per share, $
Per share, $ Revenue 43.59 35.34 24.53 17.00 7.90 12.06 6.69 9.62 10.87 12.54 13.03 (12.9%)
Earnings (10.00) (5.60) (40.80) (35.40) (24.63) 0.48 (2.63) 12.87 9.13 2.06 2.41 n/m
Cash flow 98.52 24.14 28.89 65.92 28.77 35.52 (12.61) (9.90) 7.89 (33.41) (1.55) n/m
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow 98.52 24.14 28.89 65.92 28.77 35.52 (12.61) (9.90) 7.89 (33.41) (1.55) n/m
Book value 186.61 169.05 117.91 79.45 55.29 53.66 52.00 70.13 78.58 79.79 81.67 (9.0%)
Shares, m 3 3 3 3 3 3 2 2 2 2 2 (3.5%)
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 89.38 0.00 2.94 5.22 23.01 17.17 12.1
P/S 3.50 3.38 3.16 3.05 2.26 3.56 5.21 3.94 4.38 3.80 3.18 3.6
P/B 0.82 0.71 0.66 0.65 0.32 0.80 0.67 0.54 0.61 0.60 0.51 0.6
EV/Sales 6.79 7.31 8.16 7.01 6.64 3.80 8.77 7.83 7.45 9.37 — 7.3
EV/FCF 3.00 10.71 6.92 1.81 1.83 1.29 (4.65) (7.61) 10.26 (3.52) — 2.0
Cash, $m
Cash, $m Operating cash flow 273 66 79 180 78 95 (29) (21) 16 (67) (3) n/m
Capex — — — — — — — — — — 0 —
Free cash flow 273 66 79 180 78 95 (29) (21) 16 (67) (3) n/m
Balance, $m
Balance, $m Working capital 106 108 72 52 53 69 5 3 63 3 1 (32.6%)
Net debt 397 379 334 183 94 8 55 78 68 141 145 (10.9%)
Shareholders’ equity 517 460 321 216 151 144 121 147 160 161 158 (12.2%)
Returns, %
Returns, % ROA (2.46) (1.51) (13.04) (15.73) (16.61) 0.48 (2.75) 11.74 6.86 1.34 1.52 +3.8 pt
ROIC 5.49 5.06 3.82 0.50 2.93 10.02 3.03 3.35 3.10 3.20 3.29 (2.3) pt
ROE (4.92) (3.09) (28.38) (35.93) (35.86) 0.87 (4.62) 20.12 12.13 2.59 2.97 +7.5 pt
People
People Employees — — — — — — — — — — — —
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

PhenixFIN Corporation vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HNNA Hennessy Advisors, Inc. $83.2M 10.0× 10.6× +4.17% (above 0%: growing) −3.85% (below 0%: shrinking) −6.00% (below 0%: shrinking) 100.00% 34.72% Compare
PFX PhenixFIN Corporation $81.5M 17.2× 44.6× +4.77% (above 0%: growing) n/m +89.91% (above 0%: growing) 100.00% 68.13%
BCIC BCP Investment Corporation $74.2M — (loss-making) — (loss-making) +20.07% (above 0%: growing) n/m +99.89% (above 0%: growing) 100.00% 37.20% Compare
GECC Great Elm Capital Group, Inc. $68.6M — (loss-making) 6.2× −18.30% (below 0%: shrinking) n/m +152.73% (above 0%: growing) 100.00% 67.38% Compare
AFCG Advanced Flower Capital Inc. $67.2M 2.8× 2.9× +40.12% (above 0%: growing) n/m +30.46% (above 0%: growing) 100.00% 64.59% Compare
GEG Great Elm Group, Inc. $66.5M — (loss-making) — (loss-making) −69.06% (below 0%: shrinking) n/m −378.19% (below 0%: shrinking) 0.00% (104.49%) Compare
SDEV Stablecoin Development Corporation $65.6M 0.1× — (loss-making) +2,540.45% (above 0%: growing) n/m +43.46% (above 0%: growing) 100.00% 91.79% Compare
PDCC Pearl Diver Credit Company Inc. $60.8M — (loss-making) — — +136.54% (above 0%: growing) — — — Compare
ZSTK ZeroStack Corp. $56.1M — (loss-making) — (loss-making) +40.67% (above 0%: growing) n/m +146.50% (above 0%: growing) 11.85% (177.43%) Compare
Median of peers $66.9M 2.8× 6.2× +20.07% — +43.46% 100.00% 37.20%

All 121 Asset Management stocks →

Pay and ownership Proxy statement filed 28 January 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.61m 2.61m 283.93
2024 2.87m 2.87m 275.54
2023 1.93m 1.93m 213.27
2022 1.18m 1.18m 196.27
2021 774.22k 774.22k 240.61

Ownership

Directors and executive officers, together 25.20%
Howard Amster 13.20%
David A. Lorber 11.60%
Adalta Capital Management LLC 5.90%
22NW Fund, LP 5.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

PhenixFIN Corporation (PFX) Latest News

25 Aug

Impact 3 ·

5 Aug

Impact 3 ·
Impact 3 ·

5 Jun

Impact 3 · · Business Wire

5 May

Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

9 Feb

Impact 4 · · Zacks
Impact 3 ·
Impact 3 · · GlobeNewswire

12 Dec

Impact 4 · · Zacks
Impact 4 · · GlobeNewswire

18 Nov

Impact 3 ·

29 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

18 Sep

Impact 3 · · Simply Wall St.

8 Aug

Impact 3 ·

6 Aug

Impact 4 · · Zacks
Impact 3 · · Associated Press Finance
Impact 3 · · GlobeNewswire

6 May

Impact 3 ·

12 Mar

Impact 3 · · Simply Wall St.

11 Mar

Impact 3 · · Simply Wall St.

8 Feb

Impact 3 · · Simply Wall St.

7 Feb

Impact 3 · · GlobeNewswire

19 Dec

Impact 3 · · Simply Wall St.

17 Dec

Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

6 Nov

Impact 4 ·

2 Oct

Impact 3 · · Simply Wall St.

4 Sep

Impact 4 · · Simply Wall St.
stockrow.com/PFX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com