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Sound Point Meridian Capital Inc (SPMC) 10-Year Financial Performance & Capital Metrics

SPMC • • Banking & Credit
Financial ServicesAsset ManagementBusiness Development Companies (BDCs)CLO & Structured Credit Investors
AboutSound Point Meridian Capital, LLC operates as a closed-end management investment company in the United States. It focuses on investing primarily in equity and mezzanine tranches of collateralized loan obligations, which are collateralized by portfolios consisting primarily of below-investment grade U.S. senior secured loans. The company was founded in 2022 and is based in New York, New York.Show more
  • Net Interest Income $33M
  • Total Revenue $65M
  • Net Income $64M
  • Return on Equity 43.2% -99.8%
  • Net Interest Margin 10.88% -99.9%
  • Efficiency Ratio 1.23%
  • ROA 41.91% -99.8%
  • Equity / Assets 97.02%
  • Book Value per Share 14.48 +99729.9%
  • Tangible BV/Share 14.48 +99727.8%
  • Debt/Equity -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 10831.5%
  • ✓Strong NIM of 10.9%
  • ✓Efficient operations: 1.2% efficiency ratio
  • ✓Well capitalized: 97.0% equity/assets
  • ✓Diversified revenue: 48.7% from non-interest income
  • ✓Trading at only 1.0x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 1/9
  • ✗Weak momentum: RS Rating 17 (bottom 17%)
  • ✗Trading more than 30% below 52-week high

* 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 Avg10830.87%
5Y Avg10830.87%
3Y Avg10830.87%
Latest41.91%

Peer Comparison

CLO & Structured Credit Investors
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
OXLCGOxford Lane Capital Corp. 7.95% Notes due 203225.35237.14-67.05%50.6%10.15%0.25
OXLCOxford Lane Capital Corp.1.45B14.92139.57-65.74%50.6%10.15%0.25
PDPAPearl Diver Credit Company Inc.25.3229.796.8%86.65%13.08%0.05
ECCUEagle Point Credit Company Inc.25.2029.30-14.94%69.26%3.08%0.29
ECCXEagle Point Credit Company Inc. 6.6875% NT 28454.98M25.1529.24-14.94%69.26%3.08%22.76%0.29
ECCFEagle Point Credit Company Inc.24.9328.99-14.94%69.26%3.08%0.29
ECCWEagle Point Credit Company Inc.24.9028.95-14.94%69.26%3.08%0.29
ECCCEagle Point Credit Company Inc.24.6528.66-14.94%69.26%3.08%0.29

Profit & Loss

Dec 2023Mar 2025
Net Interest Income+32.99M32.99M
NII Growth %-0%
Net Interest Margin %--
Interest Income33.11M33.11M
Interest Expense114.81K114.81K
Loan Loss Provision00
Non-Interest Income+31.4M31.4M
Non-Interest Income %--
Total Revenue+64.51M64.51M
Revenue Growth %-0%
Non-Interest Expense792.4K792.4K
Efficiency Ratio--
Operating Income+63.6M63.6M
Operating Margin %--
Operating Income Growth %-0%
Pretax Income+63.6M63.6M
Pretax Margin %--
Income Tax+00
Effective Tax Rate %--
Net Income+63.6M63.6M
Net Margin %--
Net Income Growth %-0%
Net Income (Continuing)63.6M63.6M
EPS (Diluted)+3140.000.87
EPS Growth %--1%
EPS (Basic)3140.000.87
Diluted Shares Outstanding20.28M20.32M

Balance Sheet

Dec 2023Mar 2025
Cash & Short Term Investments+4.99K1000K
Cash & Due from Banks4.99K4.99M
Short Term Investments00
Total Investments+298.12K0
Investments Growth %--1%
Long-Term Investments298.12K0
Accounts Receivables5396.82K
Goodwill & Intangibles+--
Goodwill00
Intangible Assets00
PP&E (Net)00
Other Assets0298.12M
Total Current Assets5.09K5.09M
Total Non-Current Assets298.12K298.12M
Total Assets+303.21K303.21M
Asset Growth %-999%
Return on Assets (ROA)209.75%0.42%
Accounts Payable00
Total Debt+00
Net Debt-4.99K-4.99M
Long-Term Debt00
Short-Term Debt00
Other Liabilities09.05M
Total Current Liabilities9.05K0
Total Non-Current Liabilities09.05M
Total Liabilities9.05K9.05M
Total Equity+294.17K294.17M
Equity Growth %-999%
Equity / Assets (Capital Ratio)--
Return on Equity (ROE)216.2%0.43%
Book Value per Share0.0114.48
Tangible BV per Share--
Common Stock294.17K0
Additional Paid-in Capital00
Retained Earnings00
Accumulated OCI00
Treasury Stock00
Preferred Stock00

Cash Flow

Dec 2023Mar 2025
Cash from Operations+-106.38M-106.38M
Operating CF Growth %-0%
Net Income63.6M63.6M
Depreciation & Amortization00
Deferred Taxes00
Other Non-Cash Items-167.57M-167.57M
Working Capital Changes-2.4M-2.4M
Cash from Investing+00
Purchase of Investments00
Sale/Maturity of Investments00
Net Investment Activity--
Acquisitions00
Other Investing00
Cash from Financing+85.46M85.46M
Dividends Paid-420
Share Repurchases-42.04K-42.04K
Stock Issued85.5M85.5M
Net Stock Activity--
Debt Issuance (Net)00
Other Financing420
Net Change in Cash+-20.92M-20.92M
Exchange Rate Effect00
Cash at Beginning25.91M25.91M
Cash at End4.99M4.99M
Interest Paid00
Income Taxes Paid00
Free Cash Flow+-106.38M-106.38M
FCF Growth %-0%

Banking Ratios

Metric20232024
Return on Equity (ROE)21619.83%43.2%
Return on Assets (ROA)20974.82%41.91%
Net Interest Margin10880.69%10.88%
Efficiency Ratio1.23%1.23%
Equity / Assets97.02%97.02%
Book Value / Share0.0114.48
NII Growth-0%
Dividend Payout0%-

Frequently Asked Questions

Valuation & Price

Sound Point Meridian Capital Inc (SPMC) has a price-to-earnings (P/E) ratio of 16.2x. This is roughly in line with market averages.

Growth & Financials

Sound Point Meridian Capital Inc (SPMC) grew revenue by 0.0% over the past year. Growth has been modest.

Yes, Sound Point Meridian Capital Inc (SPMC) is profitable, generating $63.6M in net income for fiscal year 2024 (98.6% net margin).

Dividend & Returns

Sound Point Meridian Capital Inc (SPMC) has a return on equity (ROE) of 43.2%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Sound Point Meridian Capital Inc (SPMC) has a net interest margin (NIM) of 10.9%. This indicates healthy earnings from lending activities.

Sound Point Meridian Capital Inc (SPMC) has an efficiency ratio of 1.2%. This is excellent, indicating strong cost control.

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