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Great Elm Capital Corp. 8.50% Notes DUE 2029 (GECCI) 10-Year Financial Performance & Capital Metrics

GECCI • • Banking & Credit
Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders
AboutGreat Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.Show more
  • Net Interest Income -$15M -179.2%
  • Total Revenue $32M -24.8%
  • Net Income $13M -49.5%
  • Return on Equity 22.44% -12.5%
  • Net Interest Margin -30.24% -497.3%
  • Efficiency Ratio 4.36% -71.8%
  • ROA 8.65% -15.7%
  • Equity / Assets 31.14% -22.2%
  • Book Value per Share 1.56 -88.0%
  • Tangible BV/Share 1.56 -88.0%
  • Debt/Equity -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 24.1%
  • ✓Efficient operations: 4.4% efficiency ratio
  • ✓Well capitalized: 31.1% equity/assets
  • ✓Diversified revenue: 100.0% from non-interest income
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Weak NIM of -30.2%
  • ✗Shares diluted 29.5% in last year
  • ✗Expensive at 16.2x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-

EPS CAGR

10Y-
5Y-
3Y-
TTM-

ROCE

10Y Avg14.96%
5Y Avg14.96%
3Y Avg14.96%
Latest19.48%

Peer Comparison

Middle Market Lenders
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GSBDGoldman Sachs BDC, Inc.1.08B9.4317.15-57.7%32.67%9.15%18.68%1.23
CSWCCapital Southwest Corporation1.36B23.7216.147.67%43.07%9.13%1.08
HCXYHercules Capital, Inc.2.36B25.1815.64-9.71%62.54%14.13%0.90
TRINITrinity Capital Inc. 7.875% Notes Due 20291.91B25.4112.1029.68%50.98%15.22%4.92%1.08
HTGCHercules Capital, Inc.3.45B18.9711.78-12.79%61.03%14.17%0.90
TSLXSixth Street Specialty Lending, Inc.2.12B22.4011.03-2.72%51.86%11.83%8.85%1.18
MAINMain Street Capital Corporation5.75B64.2010.9718.32%70.11%18.28%0.76
GBDCGolub Capital BDC, Inc.3.68B13.959.8280.52%46.2%9.4%

Profit & Loss

Dec 2023Dec 2024
Net Interest Income+18.79M-14.88M
NII Growth %--1.79%
Net Interest Margin %--
Interest Income28.9M0
Interest Expense10.12M14.88M
Loan Loss Provision0-13.07M
Non-Interest Income+13.04M31.54M
Non-Interest Income %--
Total Revenue+41.95M31.54M
Revenue Growth %--0.25%
Non-Interest Expense6.5M1.38M
Efficiency Ratio--
Operating Income+25.33M28.35M
Operating Margin %--
Operating Income Growth %-0.12%
Pretax Income+25.62M12.8M
Pretax Margin %--
Income Tax+287K0
Effective Tax Rate %--
Net Income+25.33M12.8M
Net Margin %--
Net Income Growth %--0.49%
Net Income (Continuing)25.33M12.8M
EPS (Diluted)+3.330.36
EPS Growth %--0.89%
EPS (Basic)3.330.36
Diluted Shares Outstanding7.6M9.84M

Balance Sheet

Dec 2023Dec 2024
Cash & Short Term Investments+953K0
Cash & Due from Banks953K0
Short Term Investments00
Total Investments+00
Investments Growth %--
Long-Term Investments00
Accounts Receivables1000K0
Goodwill & Intangibles+--
Goodwill00
Intangible Assets00
PP&E (Net)00
Other Assets241.89M0
Total Current Assets4.94M0
Total Non-Current Assets241.89M0
Total Assets+246.82M49.22M
Asset Growth %--0.8%
Return on Assets (ROA)0.1%0.09%
Accounts Payable4.12M0
Total Debt+140.21M0
Net Debt139.26M0
Long-Term Debt140.21M0
Short-Term Debt00
Other Liabilities3.75M33.06M
Total Current Liabilities4.12M836K
Total Non-Current Liabilities143.97M33.06M
Total Liabilities148.09M33.89M
Total Equity+98.74M15.33M
Equity Growth %--0.84%
Equity / Assets (Capital Ratio)--
Return on Equity (ROE)0.26%0.22%
Book Value per Share12.991.56
Tangible BV per Share--
Common Stock76K0
Additional Paid-in Capital283.8M0
Retained Earnings-185.13M0
Accumulated OCI00
Treasury Stock00
Preferred Stock00

Cash Flow

Dec 2023Dec 2024
Cash from Operations+15.39M-82.67M
Operating CF Growth %--6.37%
Net Income25.33M12.8M
Depreciation & Amortization08.33M
Deferred Taxes00
Other Non-Cash Items-16.14M-103.81M
Working Capital Changes6.2M0
Cash from Investing+14.77M-133.14M
Purchase of Investments-220.35M-335.01M
Sale/Maturity of Investments1000K1000K
Net Investment Activity--
Acquisitions00
Other Investing00
Cash from Financing+-25.32M81.72M
Dividends Paid-10.64M-637K
Share Repurchases00
Stock Issued048.71M
Net Stock Activity--
Debt Issuance (Net)-1000K0
Other Financing082.36M
Net Change in Cash+366K-953K
Exchange Rate Effect-1000K0
Cash at Beginning587K953K
Cash at End953K0
Interest Paid00
Income Taxes Paid00
Free Cash Flow+15.39M-82.67M
FCF Growth %--6.37%

Banking Ratios

Metric20232024
Return on Equity (ROE)25.66%22.44%
Return on Assets (ROA)10.26%8.65%
Net Interest Margin7.61%-30.24%
Efficiency Ratio15.49%4.36%
Equity / Assets40%31.14%
Book Value / Share12.991.56
NII Growth--179.22%
Dividend Payout-4.98%

Frequently Asked Questions

Valuation & Price

Great Elm Capital Corp. 8.50% Notes DUE 2029 (GECCI) has a price-to-earnings (P/E) ratio of 70.1x. This suggests investors expect higher future growth.

Growth & Financials

Great Elm Capital Corp. 8.50% Notes DUE 2029 (GECCI) saw revenue decline by 24.8% over the past year.

Yes, Great Elm Capital Corp. 8.50% Notes DUE 2029 (GECCI) is profitable, generating $12.8M in net income for fiscal year 2024 (40.6% net margin).

Dividend & Returns

Yes, Great Elm Capital Corp. 8.50% Notes DUE 2029 (GECCI) pays a dividend with a yield of 0.26%. This makes it attractive for income-focused investors.

Great Elm Capital Corp. 8.50% Notes DUE 2029 (GECCI) has a return on equity (ROE) of 22.4%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Great Elm Capital Corp. 8.50% Notes DUE 2029 (GECCI) has a net interest margin (NIM) of -30.2%. NIM has been under pressure due to interest rate environment.

Great Elm Capital Corp. 8.50% Notes DUE 2029 (GECCI) has an efficiency ratio of 4.4%. This is excellent, indicating strong cost control.

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