Solana Company (HSDT) vs PennantPark Investment Corporation (PNNT)

Solana Company and PennantPark Investment Corporation are both Asset Management companies. PennantPark Investment Corporation is the larger, with a market value of $218.7M against $175.6M — 1.2× the size. Solana Company has negative trailing earnings, so its P/E is not meaningful; PennantPark Investment Corporation trades at 21.4×. Solana Company grew revenue faster over the last twelve months: 3,992.2% against −19.9%. PennantPark Investment Corporation has the higher net margin (9.66% vs −1,302.8%) and the higher return on invested capital (2.65% vs −142.3%). Across the 18 metrics below, PennantPark Investment Corporation leads on 11 and Solana Company on 7.

Valuation

Metric HSDT PNNT Asset Management median
P/E n/m 21.39 14.62
P/S 19.36 2.07 2.97
P/B 1.41 0.51 0.94
Price to free cash flow n/m 1.92 8.93
EV/EBITDA n/m 9.79 10.32
EV/Sales 19.09 7.18 5.72
Earnings yield (1,034.81%) 4.67% 4.53%
Free cash flow yield (11.53%) 52.22% 4.65%

Profitability

Metric HSDT PNNT Asset Management median
Gross margin 95.53% 80.01% 100.00%
Operating margin (3,054.99%) 74.72% 33.03%
Net margin (1,302.80%) 9.66% 13.53%
Free cash flow margin (223.19%) 107.91% 12.44%
Return on equity (183.23%) 2.23% 4.83%
Return on assets (171.00%) 0.81% 1.57%
Return on invested capital (142.28%) 2.65% 3.04%

Growth

Metric HSDT PNNT Asset Management median
Revenue growth (TTM) 3,992.20% (19.87%) 6.97%
EPS growth (last fiscal year) 99.94% (33.33%) —
Revenue growth, 5-year CAGR 55.54% 4.07% 12.13%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HSDT PNNT Asset Management median
Debt to equity 0.00 1.28 0.42
Current ratio 13.31 0.18 1.28
Net debt to EBITDA 0.03 7.74 1.06

Dividend

Metric HSDT PNNT Asset Management median
Dividend yield — 12.94% 6.92%
Payout ratio 0.00 0.99 0.77

Size

Metric HSDT PNNT Asset Management median
Market cap 175.56m 218.74m 721.34m

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