Stellus Capital Investment Corporation (SCM) 10-Year Financial Performance & Capital Metrics

SCM • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

AboutStellus Capital Investment Corporation is a business development company specializing in investments in private middle-market companies. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The fund prefers to invest in US and Canada. The fund seeks to invest in companies with an EBITDA between $5 million and $50 million.Show more

Net Interest Income $64M -2.5%
Total Revenue $83M +55.4%
Net Income $46M +161.5%
Return on Equity 13.29% +125.8%
Net Interest Margin 6.54% -9.7%
Efficiency Ratio 4.53% -53.8%
ROA 4.85% +150.0%
Equity / Assets 37.71% +7.0%
Book Value per Share 14.45 -0.6%
Tangible BV/Share 14.45 -0.6%
Debt/Equity 1.60 -10.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 6.5%
✓Efficient operations: 4.5% efficiency ratio
✓Well capitalized: 37.7% equity/assets
✓Trading at only 0.9x book value

✗Weaknesses

✗Shares diluted 16.3% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y20.67%

5Y12.13%

3Y10.46%

TTM-

Profit (Net Income) CAGR

10Y16.24%

5Y11.64%

3Y10.94%

TTM-37.25%

EPS CAGR

10Y7.99%

5Y4.3%

3Y1.34%

TTM-36.55%

ROCE

10Y Avg4.94%

5Y Avg3.38%

3Y Avg2.9%

Latest5.06%

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

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-6.18M	-7.99M	-7.86M	-12.34M	38.8M	35.78M	38M	44.91M	65.77M	64.12M
NII Growth %	-0.16%	-0.29%	0.02%	-0.57%	4.14%	-0.08%	0.06%	0.18%	0.46%	-0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	53.77M	51.73M	56.72M	69.38M	97.78M	95.63M
Interest Expense	6.18M	7.99M	7.86M	12.34M	14.98M	15.95M	18.72M	24.47M	32.01M	31.51M
Loan Loss Provision	-335.75K	-1.71M	-1.6M	1.43M	0	0	0	0	0	0
Non-Interest Income+	10.38M	26.45M	27.26M	31.06M	-7.11M	-9.9M	4.66M	-23.96M	-44.54M	-12.91M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	10.38M	26.45M	27.26M	31.06M	46.66M	41.83M	61.38M	45.42M	53.24M	82.72M
Revenue Growth %	-0.18%	1.55%	0.03%	0.14%	0.5%	-0.1%	0.47%	-0.26%	0.17%	0.55%
Non-Interest Expense	2.62M	3.63M	4.65M	4.25M	4.28M	4.69M	5.54M	5.08M	5.22M	3.75M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	16.55M	17.31M	17.97M	34.91M	27.41M	21.19M	37.12M	15.87M	16.01M	47.46M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.09%	0.05%	0.04%	0.94%	-0.21%	-0.23%	0.75%	-0.57%	0.01%	1.97%
Pretax Income+	7.76M	22.83M	22.6M	26.81M	27.41M	21.19M	37.12M	15.87M	16.01M	47.46M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	93.6K	-373.13K	-8.59K	611.03K	970.66K	996.01K	3.55M	1.37M	-1.53M	1.62M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	7.67M	23.2M	22.61M	26.19M	26.44M	20.19M	33.57M	14.49M	17.53M	45.84M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.25%	2.02%	-0.03%	0.16%	0.01%	-0.24%	0.66%	-0.57%	0.21%	1.61%
Net Income (Continuing)	7.67M	23.2M	22.61M	26.19M	26.44M	20.19M	33.57M	14.49M	17.53M	45.84M
EPS (Diluted)+	0.61	1.86	1.52	1.64	1.45	1.04	1.72	0.74	0.80	1.79
EPS Growth %	-0.27%	2.05%	-0.18%	0.08%	-0.12%	-0.28%	0.65%	-0.57%	0.08%	1.24%
EPS (Basic)	0.61	1.86	1.52	1.64	1.45	1.04	1.72	0.74	0.80	1.79
Diluted Shares Outstanding	12.48M	12.48M	14.87M	15.95M	18.28M	19.47M	19.49M	19.55M	22M	25.6M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	10.88M	9.19M	25.11M	17.47M	16.13M	18.48M	44.17M	48.04M	26.13M	20.06M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	349.02M	365.63M	371.84M	504.48M	0	0	0	0	0	0
Investments Growth %	0.1%	0.05%	0.02%	0.36%	-1%	-	-	-	-	-
Long-Term Investments	349.02M	365.63M	371.84M	504.48M	0	0	0	0	0	0
Accounts Receivables	7.68K	748	26.89K	0	1000K	1000K	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	618.89K	0	0	363.29K	628.95M	653.51M	772.89M	844.73M	876.06M	954.8M
Total Current Assets	19.64M	14.25M	28.42M	21.44M	19.57M	21.4M	48.22M	53.45M	32.03M	26.1M
Total Non-Current Assets	349.64M	365.63M	371.84M	504.85M	628.95M	653.51M	773.04M	844.73M	876.06M	954.8M
Total Assets+	365.37M	379.88M	400.26M	526.29M	648.51M	674.91M	821.26M	898.18M	908.09M	980.9M
Asset Growth %	0.12%	0.04%	0.05%	0.31%	0.23%	0.04%	0.22%	0.09%	0.01%	0.08%
Return on Assets (ROA)	0.02%	0.06%	0.06%	0.06%	0.05%	0.03%	0.04%	0.02%	0.02%	0.05%
Accounts Payable	1.98M	2.39M	2.83M	3.67M	4.49M	2.14M	4.86M	4.64M	5.24M	8.94M
Total Debt+	199.5M	203.08M	174.46M	292.27M	366.03M	393.2M	518.17M	604.13M	575.83M	593.01M
Net Debt	188.62M	193.89M	149.35M	274.8M	349.9M	374.73M	474M	556.09M	549.71M	572.95M
Long-Term Debt	90M	87.91M	135.13M	292.27M	366.03M	393.2M	518.17M	604.13M	575.83M	593.01M
Short-Term Debt	109.5M	115.17M	39.33M	0	0	0	0	0	0	0
Other Liabilities	-90M	-87.91M	-135.13M	-292.75M	7.42M	6.2M	13.12M	13.64M	7.07M	9.02M
Total Current Liabilities	114.62M	121.09M	44.89M	8.7M	4.49M	2.14M	4.86M	4.64M	5.24M	8.94M
Total Non-Current Liabilities	0	0	0	0	373.45M	399.41M	531.29M	617.77M	582.91M	602.03M
Total Liabilities	200.72M	209M	180.01M	301.44M	377.94M	401.55M	536.15M	622.41M	588.15M	610.98M
Total Equity+	164.65M	170.88M	220.25M	224.85M	270.57M	273.36M	285.11M	275.78M	319.94M	369.92M
Equity Growth %	-0.05%	0.04%	0.29%	0.02%	0.2%	0.01%	0.04%	-0.03%	0.16%	0.16%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.05%	0.14%	0.12%	0.12%	0.11%	0.07%	0.12%	0.05%	0.06%	0.13%
Book Value per Share	13.19	13.69	14.81	14.09	14.80	14.04	14.63	14.10	14.54	14.45
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	12.48K	12.48K	15.95K	15.95K	19.13K	19.49K	19.52K	19.67K	24.13K	27.48K
Additional Paid-in Capital	180.99M	180.99M	228.07M	228.16M	272.12M	276.03M	274.56M	275.11M	335.92M	379.55M
Retained Earnings	-779.64K	-435.79K	-435.79K	-3.33M	-1.57M	-2.69M	10.53M	642.23K	-16M	-9.65M
Accumulated OCI	0	-13.09M	-10.79M	1.67M	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

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-24.44M	8.84M	18.85M	-102.42M	-93.29M	-3.49M	-76.1M	-56.29M	-17.27M	-28.65M
Operating CF Growth %	0.1%	1.36%	1.13%	-6.43%	0.09%	0.96%	-20.82%	0.26%	0.69%	-0.66%
Net Income	7.67M	23.2M	22.61M	26.19M	26.44M	20.19M	33.57M	14.49M	17.53M	45.84M
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	93.6K	0	-8.59K	67.95K	0	0	0	0	0	0
Other Non-Cash Items	-32.18M	-15.67M	-4.78M	-131.3M	-122.95M	-22.66M	-117.69M	-71.01M	-26.27M	-76.79M
Working Capital Changes	-33.62K	1.31M	1.03M	2.62M	3.22M	-1.02M	8.01M	229.97K	-8.53M	2.29M
Cash from Investing+	0	0	0	0	0	0	0	0	0	0
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale/Maturity of Investments	0	0	0	0	0	0	0	0	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+	33.27M	-10.52M	-2.93M	94.78M	91.95M	5.83M	101.8M	60.16M	-4.65M	22.58M
Dividends Paid	-16.97M	-16.97M	-19.93M	-21.59M	-24.68M	-24.34M	-21.04M	-26.59M	-35.53M	-37.56M
Share Repurchases	0	0	-142	-1.05K	0	-94	0	0	0	0
Stock Issued	0	0	48.74M	0	45.86M	4.79M	449.51K	2.16M	63.35M	46.49M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	-1000K	1000K
Other Financing	-325K	-50.03K	-30.37M	-2.43M	-2.23M	-2.57M	-5.57M	-2.29M	-4.14M	-1.82M
Net Change in Cash+	8.83M	-1.68M	15.92M	-7.64M	-1.33M	2.34M	25.7M	3.87M	-21.92M	-6.07M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	2.05M	10.88M	9.19M	25.11M	17.47M	16.13M	18.48M	44.17M	48.04M	26.13M
Cash at End	10.88M	9.19M	25.11M	17.47M	16.13M	18.48M	44.17M	48.04M	26.13M	20.06M
Interest Paid	0	0	0	10.08M	0	0	0	0	0	0
Income Taxes Paid	0	0	0	27.72K	0	0	0	0	0	0
Free Cash Flow+	-24.44M	8.84M	18.85M	-102.42M	-93.29M	-3.49M	-76.1M	-56.29M	-17.27M	-28.65M
FCF Growth %	0.1%	1.36%	1.13%	-6.43%	0.09%	0.96%	-20.82%	0.26%	0.69%	-0.66%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.53%	13.83%	11.56%	11.77%	10.67%	7.42%	12.02%	5.17%	5.89%	13.29%
Return on Assets (ROA)	2.22%	6.23%	5.8%	5.65%	4.5%	3.05%	4.49%	1.69%	1.94%	4.85%
Net Interest Margin	-1.69%	-2.1%	-1.96%	-2.34%	5.98%	5.3%	4.63%	5%	7.24%	6.54%
Efficiency Ratio	25.22%	13.72%	17.08%	13.69%	9.17%	11.22%	9.02%	11.19%	9.8%	4.53%
Equity / Assets	45.06%	44.98%	55.03%	42.72%	41.72%	40.5%	34.72%	30.7%	35.23%	37.71%
Book Value / Share	13.19	13.69	14.81	14.09	14.8	14.04	14.63	14.1	14.54	14.45
NII Growth	-16.21%	-29.39%	1.71%	-57.08%	414.45%	-7.78%	6.2%	18.2%	46.43%	-2.5%
Dividend Payout	221.22%	73.14%	88.14%	82.44%	93.34%	120.55%	62.68%	183.51%	202.63%	81.93%

Frequently Asked Questions

Valuation & Price

Stellus Capital Investment Corporation (SCM) has a price-to-earnings (P/E) ratio of 7.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Stellus Capital Investment Corporation (SCM) grew revenue by 55.4% over the past year. This is strong growth.

Yes, Stellus Capital Investment Corporation (SCM) is profitable, generating $30.5M in net income for fiscal year 2024 (55.4% net margin).

Dividend & Returns

Yes, Stellus Capital Investment Corporation (SCM) pays a dividend with a yield of 10.92%. This makes it attractive for income-focused investors.

Stellus Capital Investment Corporation (SCM) has a return on equity (ROE) of 13.3%. This is reasonable for most industries.

Industry Metrics

Stellus Capital Investment Corporation (SCM) has a net interest margin (NIM) of 6.5%. This indicates healthy earnings from lending activities.

Stellus Capital Investment Corporation (SCM) has an efficiency ratio of 4.5%. This is excellent, indicating strong cost control.

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