PennantPark Floating Rate Capital Ltd. (PFLT) vs Prospect Capital Corporation (PSEC)
- PennantPark Floating Rate Capital Ltd. PFLT 6.85 +0.29%
- Prospect Capital Corporation PSEC 1.43 +2.88%
PennantPark Floating Rate Capital Ltd. and Prospect Capital Corporation are both Asset Management companies. PennantPark Floating Rate Capital Ltd. and Prospect Capital Corporation are of similar size ($739.3M and $677.7M). Prospect Capital Corporation has negative trailing earnings, so its P/E is not meaningful; PennantPark Floating Rate Capital Ltd. trades at 13.4×. PennantPark Floating Rate Capital Ltd. grew revenue faster over the last twelve months: 9.33% against −6.93%. PennantPark Floating Rate Capital Ltd. has the higher net margin (18.5% vs −11.3%) and the higher return on invested capital (3.51% vs 3.42%). Both pay a dividend; Prospect Capital Corporation yields more (34.5% vs 15.2%). Across the 19 metrics below, PennantPark Floating Rate Capital Ltd. leads on 11 and Prospect Capital Corporation on 8.
Valuation
Profitability
| Metric | PFLT | PSEC | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 74.50% | 100.00% |
| Operating margin | 76.57% | 71.06% | 27.27% |
| Net margin | 18.53% | (11.32%) | 11.89% |
| Free cash flow margin | (21.54%) | 97.70% | 5.96% |
| Return on equity | 4.77% | (2.44%) | 4.57% |
| Return on assets | 1.95% | (1.13%) | 1.40% |
| Return on invested capital | 3.51% | 3.42% | 2.12% |
Growth
Health
Dividend
Size
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