Prospect Capital
Market Cap
US$2.5b
Last Updated
2019/07/16 23:54 UTC
Data Sources
Company Financials +
Executive Summary
Prospect Capital Corporation is a business development company.
Snowflake
Risks
- Prospect Capital is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
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Share Price & News
How has Prospect Capital's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.1%
NasdaqGS:PSEC
1.6%
US Capital Markets
0.6%
US Market
1 Year Return
-1.9%
NasdaqGS:PSEC
-5.7%
US Capital Markets
4.1%
US Market
PSEC outperformed the Capital Markets industry which returned -4.9% over the past year.
PSEC underperformed the Market in United States of America which returned 4.7% over the past year.
Share holder returns
| PSEC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | 1.6% | 0.6% |
| 30 Day | 6.0% | 4.5% | 3.8% |
| 90 Day | 0.3% | 0.7% | 2.8% |
| 1 Year | 9.1%-1.9% | -3.7%-5.7% | 6.4%4.1% |
| 3 Year | 13.3%-19.0% | 63.9%54.3% | 47.0%37.3% |
| 5 Year | 13.2%-38.2% | 75.3%59.0% | 60.3%42.5% |
Price Volatility Vs. Market
How volatile is Prospect Capital's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Should You Buy Prospect Capital Corporation (NASDAQ:PSEC)?1 year ago | Simply Wall St
Is Prospect Capital Corporation's (PSEC) PE Ratio A Signal To Buy For Investors?1 year ago | Simply Wall St
Does Prospect Capital Corporation's (PSEC) 142.8% EPS Growth Reflect The Long-Term Trend?Valuation
Is Prospect Capital undervalued based on future cash flows and its price relative to the stock market?
11.14x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Prospect Capital's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Prospect Capital's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Prospect Capital is good value based on earnings compared to the US Capital Markets industry average.
Prospect Capital is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
Prospect Capital is good value based on expected growth next year.
Price Based on Value of Assets
Prospect Capital is good value based on assets compared to the US Capital Markets industry average.
Future Growth
How is Prospect Capital expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
32.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Prospect Capital's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Prospect Capital's earnings are expected to grow significantly at over 20% yearly.
Prospect Capital's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Prospect Capital's earnings growth is expected to exceed the United States of America market average.
Prospect Capital's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Prospect Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Past Performance
How has Prospect Capital performed over the past 5 years?
-5.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Prospect Capital's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
Prospect Capital's 1-year earnings growth is negative, it can't be compared to the 5-year average.
Prospect Capital's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Return on Equity
Prospect Capital has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Prospect Capital used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
Return on Capital Employed
Prospect Capital's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Financial Health
How is Prospect Capital's financial position?
Financial Position Analysis
Prospect Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Prospect Capital's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Prospect Capital's level of debt (71.5%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (75.6% vs 71.5% today).
Debt is not well covered by operating cash flow (11.8%, less than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
Balance Sheet
Low level of unsold assets.
Debt is not covered by short term assets, assets are 0.1x debt.
Dividend
What is Prospect Capital's current dividend yield, its reliability and sustainability?
10.73%
Expected Dividend Yield
Upcoming Dividend Payment
Purchase Prospect Capital before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield and Payments Analysis
Prospect Capital's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
Prospect Capital's dividend is above the markets top 25% of dividend payers in United States of America (3.73%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have fallen over the past 10 years.
Current Payout to Shareholders
Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Management
What is the CEO of Prospect Capital's salary, the management and board of directors tenure and is there insider trading?
13.0yrs
Average board tenure
CEO
John Barry (67yo)
15.3yrs
Tenure
Mr. John Francis Barry, III, J.D. serves as the Chief Executive Officer and Chairman of the Board of Prospect Capital Management L.P. Mr. Barry serves as a Managing Director at Prospect Street Ventures. Mr ...
Board Age and Tenure
13.0yrs
Average Tenure
61yo
Average Age
The average tenure for the Prospect Capital board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Insider Trading
More shares have been bought than sold by Prospect Capital individual insiders in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chairman & CEO Chairman of the Board |
| Shares | 137,839 |
| Max Price | US$6.35 |
| Entity | Individual |
| Role | Chairman & CEO Chairman of the Board |
| Shares | 233,482 |
| Max Price | US$6.32 |
| Entity | Individual |
| Role | Chairman & CEO Chairman of the Board |
| Shares | 408,911 |
| Max Price | US$6.38 |
| Entity | Individual |
| Role | Chairman & CEO Chairman of the Board |
| Shares | 107,358 |
| Max Price | US$6.34 |
| Entity | Individual |
| Role | Chairman & CEO Chairman of the Board |
| Shares | 63,496 |
| Max Price | US$6.30 |
| Entity | Individual |
| Role | CFO, Treasurer |
| Shares | 2,000 |
| Max Price | US$6.44 |
| Entity | Individual |
| Role | Chairman & CEO Chairman of the Board |
| Shares | 1,300 |
| Max Price | US$6.40 |
| Entity | Individual |
| Role | Chairman & CEO Chairman of the Board |
| Shares | 100,000 |
| Max Price | US$6.39 |
| Entity | Company |
| Shares | 1,873,994 |
| Max Price | US$6.51 |
| Entity | Individual |
| Role | Chairman & CEO Chairman of the Board |
| Shares | 299,707 |
| Max Price | US$6.31 |
| Entity | Individual |
| Role | Member of the Board of Directors |
| Shares | 2,500 |
| Max Price | US$5.94 |
| Entity | Individual |
| Role | Chairman & CEO Chairman of the Board |
| Shares | 304,792 |
| Max Price | US$5.82 |
| Entity | Individual |
| Role | Member of the Board of Directors |
| Shares | 2,500 |
| Max Price | US$5.75 |
| Entity | Individual |
| Role | Chairman & CEO Chairman of the Board |
| Shares | 1,600,000 |
| Max Price | US$5.87 |
| Entity | Individual |
| Role | CFO, Treasurer |
| Shares | 1,000 |
| Max Price | US$5.81 |
| Entity | Individual |
| Role | President & COO Member of the Board of Directors |
| Shares | 50,000 |
| Max Price | US$5.86 |
| Entity | Individual |
| Role | Member of the Board of Directors |
| Shares | 1,000 |
| Max Price | US$6.72 |
| Entity | Individual |
| Role | CFO, Treasurer |
| Shares | 2,500 |
| Max Price | US$7.00 |
Ownership Breakdown
Management Team
Michael Eliasek (45yo)
President & COO
Daria Becker
Head of Administration
Al Faella
Chief Technology Officer
David Belzer (50yo)
Managing Director
Mark Hull (43yo)
Principal
Jon Li
Deputy General Counsel
Trisha Blackman
Deputy CCO
- Tenure: 0.5yrs
Kristin Van Dask (39yo)
CFO, Treasurer
John Barry (67yo)
Chairman & CEO
- Tenure: 15.3yrs
Bart deBie (46yo)
Managing Director
Board Members
Bill Gremp (76yo)
Director
- Tenure: 9.3yrs
- Compensation: $150.00k
Andy Cooper (58yo)
Lead Independent Director
- Compensation: $150.00k
John Barry (67yo)
Chairman & CEO
- Tenure: 15.1yrs
Michael Eliasek (45yo)
President & COO
- Tenure: 15.1yrs
Gene Stark (61yo)
Director
- Tenure: 10.8yrs
- Compensation: $150.00k
Company Information
Prospect Capital Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Prospect Capital Corporation
- Ticker: PSEC
- Exchange: NasdaqGS
- Founded: 2004
- Industry: asset management and custody banks
- Sector: diversified financials
- Market Cap: US$2.462b
- Shares outstanding: 366.97m
- Website: Click here
Location
- Prospect Capital Corporation
- 10 East 40th Street
- 42nd Floor
- New York
- New York
- 10016
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PSEC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jul 2004 |
| RK8 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2004 |
| PSEC | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Jul 2004 |
| 0R25 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jul 2004 |
Biography
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recap ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/07/16 23:54 |
| End of Day Share Price | 2019/07/16 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2018/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.