PhenixFIN Corporation (PFX) 10-Year Financial Performance & Capital Metrics

PFX • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

AboutPhenixFIN Corporation is a business development company. The firm seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport. The fund seeks to invest in companies located in North America. The fund targets private debt transactions in companies with enterprise values or asset values between $25 million and $250 million. The fund seeks to invest in companies with debt investment values between $10 million and $50 million. It exits its investments between three years and seven years; it holds most of its investments to maturity or repayment, but may realize or sell some investments earlier. The fund may take a board seat on its investee companies and can also offer managerial assistance to certain portfolio companies. It structures its investments as first lien senior secured loans, second lien senior secured loans, senior secured notes, senior subordinated notes, subordinate notes, unitranche loans, and seeks warrants or other equity participation. The fund may co-invest in privately negotiated transactions under certain conditions. PhenixFIN Corporation was founded in 2010 and is headquartered in New York, New York.Show more

Net Interest Income $8M +16.8%
Total Revenue $35M +74.7%
Net Income $19M -30.8%
Return on Equity 12.13% -39.7%
Net Interest Margin 2.71% -7.6%
Efficiency Ratio 30.81% -23.3%
ROA 6.86% -41.5%
Equity / Assets 52.95% -13.5%
Book Value per Share 78.57 +12.1%
Tangible BV/Share 78.57 +12.1%
Debt/Equity 0.85 +47.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 30.8% efficiency ratio
✓Well capitalized: 53.0% equity/assets
✓Healthy dividend yield of 3.0%
✓Share count reduced 2.5% through buybacks
✓Diversified revenue: 57.9% from non-interest income
✓Trading at only 0.6x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-8.13%

5Y-

3Y35.83%

TTM-

Profit (Net Income) CAGR

10Y-9.79%

5Y-

3Y144.24%

TTM-68.9%

EPS CAGR

10Y-8.43%

5Y-

3Y166.94%

TTM-68.56%

ROCE

10Y Avg-4.18%

5Y Avg-1.46%

3Y Avg3.07%

Latest6.66%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Net Interest Income+	112.82M	81.97M	54M	26.44M	11.73M	-362.68K	2.3M	4.18M	7.02M	8.19M
NII Growth %	0.25%	-0.27%	-0.34%	-0.51%	-0.56%	-1.03%	7.34%	0.82%	0.68%	0.17%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	138.35M	112.25M	85.4M	54.35M	35.78M	14.57M	8.1M	9.3M	12.55M	14.8M
Interest Expense	25.53M	30.28M	31.4M	27.92M	24.05M	14.94M	5.8M	5.11M	5.53M	6.61M
Loan Loss Provision	0	0	0	0	0	0	0	0	-5.53M	0
Non-Interest Income+	-117.47M	-104.1M	-59.26M	-123.67M	-74.34M	-60.02M	5.94M	-2.99M	7.58M	20.38M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	20.88M	8.15M	26.15M	-69.32M	-38.57M	-45.45M	14.04M	6.3M	20.13M	35.18M
Revenue Growth %	-0.75%	-0.61%	2.21%	-3.65%	0.44%	-0.18%	1.31%	-0.55%	2.19%	0.75%
Non-Interest Expense	10.04M	5.92M	10.91M	14.16M	33.96M	5.43M	6.96M	7.3M	8.09M	10.84M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	-14.7M	-28.05M	-16.17M	-111.4M	-96.58M	-65.81M	1.28M	-6.11M	12.04M	17.73M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-1.27%	-0.91%	0.42%	-5.89%	0.13%	0.32%	1.02%	-5.78%	2.97%	0.47%
Pretax Income+	-14.7M	-28.05M	-16.17M	-111.4M	-96.58M	-65.81M	1.28M	-6.11M	26.92M	17.73M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	61.33K	-87.33K	-1.09M	-474.35K	0	0	0	0	0	-887.1K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-14.76M	-27.96M	-15.08M	-110.92M	-96.58M	-65.81M	1.28M	-6.11M	26.92M	18.62M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-1.28%	-0.89%	0.46%	-6.36%	0.13%	0.32%	1.02%	-5.78%	5.41%	-0.31%
Net Income (Continuing)	-14.76M	-27.96M	-15.08M	-110.92M	-96.58M	-65.81M	1.28M	-6.11M	26.92M	18.62M
EPS (Diluted)+	-5.12	-10.09	-5.54	-40.73	-35.46	-24.16	0.48	-2.63	12.87	9.13
EPS Growth %	-1.23%	-0.97%	0.45%	-6.35%	0.13%	0.32%	1.02%	-6.48%	5.89%	-0.29%
EPS (Basic)	-5.12	-10.09	-5.54	-40.73	-35.46	-24.16	0.48	-2.63	12.87	9.13
Diluted Shares Outstanding	2.88M	2.77M	2.72M	2.72M	2.72M	2.72M	2.68M	2.32M	2.09M	2.04M

Balance Sheet

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	15.71M	104.49M	108.57M	75.67M	68.25M	56.52M	69.43M	22.77M	5.99M	67.57M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	74.2M	136.88M	171.42M	161.64M	107.45M	47.55M	0	0	0	0
Investments Growth %	0.94%	0.84%	0.25%	-0.06%	-0.34%	-0.56%	-1%	-	-	-
Long-Term Investments	74.2M	136.88M	171.42M	161.64M	107.45M	47.55M	0	0	0	0
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	743.55K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	1.14B	778.44M	669.2M	497.57M	308.45M	201.29M	153.04M	194.2M	227.99M	229.74M
Total Current Assets	27.23M	115.56M	118.94M	82.39M	70.37M	57.27M	72.05M	24.68M	11.7M	72.12M
Total Non-Current Assets	1.22B	915.32M	840.62M	659.21M	415.9M	248.84M	153.04M	194.2M	227.99M	230.63M
Total Assets+	1.24B	1.03B	959.56M	741.6M	486.27M	306.1M	225.09M	218.87M	239.69M	302.75M
Asset Growth %	-0.06%	-0.17%	-0.07%	-0.23%	-0.34%	-0.37%	-0.26%	-0.03%	0.1%	0.26%
Return on Assets (ROA)	-0.01%	-0.02%	-0.02%	-0.13%	-0.16%	-0.17%	0%	-0.03%	0.12%	0.07%
Accounts Payable	3.82M	4.38M	5.62M	6.22M	14.86M	2.91M	1.42M	2.54M	3.76M	6.34M
Total Debt+	607.07M	501.57M	487.08M	409.81M	251.73M	150.96M	77.43M	77.96M	84.25M	135.72M
Net Debt	591.36M	397.09M	378.51M	334.15M	183.49M	94.44M	8M	55.19M	78.26M	68.15M
Long-Term Debt	607.07M	501.57M	487.08M	409.81M	251.73M	150.96M	77.43M	77.96M	84.25M	135.72M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	13.27M	8.01M	6.42M	4.39M	3.24M	1.61M	2.55M	17.52M	4.98M	381.85K
Total Current Liabilities	3.82M	4.38M	5.62M	6.22M	14.86M	2.91M	1.42M	2.54M	3.76M	6.34M
Total Non-Current Liabilities	620.34M	509.58M	493.51M	414.2M	254.97M	152.57M	79.98M	95.49M	89.23M	136.11M
Total Liabilities	624.16M	513.96M	499.13M	420.42M	269.83M	155.48M	81.4M	98.03M	92.99M	142.44M
Total Equity+	619.92M	516.92M	460.43M	321.18M	216.43M	150.62M	143.69M	120.85M	146.71M	160.31M
Equity Growth %	-0.15%	-0.17%	-0.11%	-0.3%	-0.33%	-0.3%	-0.05%	-0.16%	0.21%	0.09%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	-0.02%	-0.05%	-0.03%	-0.28%	-0.36%	-0.36%	0.01%	-0.05%	0.2%	0.12%
Book Value per Share	215.16	186.61	169.04	117.92	79.46	55.30	53.66	52.01	70.12	78.57
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	56.34K	54.47K	54.47K	54.47K	2.72K	2.72K	2.52K	2.1K	2.07K	2.02K
Additional Paid-in Capital	718.24M	705.33M	705.05M	698.59M	673.58M	672.38M	688.87M	675.4M	694.81M	704.91M
Retained Earnings	20.35M	10.81M	-244.67M	-377.46M	-457.15M	-521.76M	-545.18M	-554.56M	-548.11M	-544.6M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	-20.51M	272.9M	65.74M	78.71M	179.57M	78.36M	95.13M	-29.3M	-20.71M	16.1M
Operating CF Growth %	0.95%	14.31%	-0.76%	0.2%	1.28%	-0.56%	0.21%	-1.31%	0.29%	1.78%
Net Income	-14.76M	-27.96M	-15.08M	-110.92M	-96.58M	-65.81M	1.28M	-6.11M	26.92M	18.62M
Depreciation & Amortization	0	0	0	0	2.74B	0	0	148.96M	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	32.24M	305.66M	81.79M	186.62M	-2.47B	155.5M	95.59M	-189.61M	-32.85M	-541.64K
Working Capital Changes	-37.99M	-4.81M	-972.52K	3.01M	12.55M	-11.32M	-1.74M	17.46M	-14.78M	-1.97M
Cash from Investing+	0	0	0	0	302.34B	110.63M	124.3M	123.8B	0	0
Purchase of Investments	0	0	0	0	20.58B	0	0	0	0	0
Sale/Maturity of Investments	0	0	0	0	1000K	1000K	1000K	1000K	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	-511.04K	-184.12M	-61.65M	-111.61M	-170.95M	-106.12M	-82.22M	-17.37M	3.93M	45.48M
Dividends Paid	-73.97M	-62.12M	-41.4M	-28.33M	-8.17M	0	0	-265.8K	0	-2.65M
Share Repurchases	-21.2M	-12.87M	0	0	0	0	-8.2M	-16.96M	-1.06M	-2.37M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	1000K	1000K
Other Financing	-4.03M	-4.44M	-1.61M	-6.56M	340.39K	0	0	-2.31M	-935.72K	-797.06K
Net Change in Cash+	-21.02M	88.77M	4.09M	-32.91M	8.62M	-27.76M	12.91M	-46.67M	-16.78M	61.58M
Exchange Rate Effect	0	0	0	0	-1000K	-1000K	-1000K	-1000K	0	0
Cash at Beginning	36.73M	15.71M	104.49M	108.57M	75.67M	84.28M	56.52M	69.43M	22.77M	5.99M
Cash at End	15.71M	104.49M	108.57M	75.67M	84.28M	56.52M	69.43M	22.77M	5.99M	67.57M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	-20.51M	272.9M	65.74M	78.71M	179.57M	78.36M	95.13M	-29.3M	-20.71M	16.1M
FCF Growth %	0.95%	14.31%	-0.76%	0.2%	1.28%	-0.56%	0.21%	-1.31%	0.29%	1.78%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-2.19%	-4.92%	-3.09%	-28.38%	-35.93%	-35.86%	0.87%	-4.62%	20.12%	12.13%
Return on Assets (ROA)	-1.15%	-2.46%	-1.51%	-13.04%	-15.73%	-16.61%	0.48%	-2.75%	11.74%	6.86%
Net Interest Margin	9.07%	7.95%	5.63%	3.56%	2.41%	-0.12%	1.02%	1.91%	2.93%	2.71%
Efficiency Ratio	48.11%	72.66%	41.73%	-20.43%	-88.06%	-11.95%	49.58%	115.77%	40.19%	30.81%
Equity / Assets	49.83%	50.14%	47.98%	43.31%	44.51%	49.21%	63.84%	55.21%	61.21%	52.95%
Book Value / Share	215.16	186.61	169.04	117.92	79.46	55.3	53.66	52.01	70.12	78.57
NII Growth	25.1%	-27.35%	-34.12%	-51.04%	-55.64%	-103.09%	733.53%	82.08%	67.75%	16.76%
Dividend Payout	-	-	-	-	-	-	-	-	-	14.21%

Frequently Asked Questions

Valuation & Price

PhenixFIN Corporation (PFX) has a price-to-earnings (P/E) ratio of 4.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

PhenixFIN Corporation (PFX) grew revenue by 74.7% over the past year. This is strong growth.

Yes, PhenixFIN Corporation (PFX) is profitable, generating $6.2M in net income for fiscal year 2024 (52.9% net margin).

Dividend & Returns

Yes, PhenixFIN Corporation (PFX) pays a dividend with a yield of 3.00%. This makes it attractive for income-focused investors.

PhenixFIN Corporation (PFX) has a return on equity (ROE) of 12.1%. This is reasonable for most industries.

Industry Metrics

PhenixFIN Corporation (PFX) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.

PhenixFIN Corporation (PFX) has an efficiency ratio of 30.8%. This is excellent, indicating strong cost control.

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