Saratoga Investment Corp.

NYSE:SAR Stock Report

Market Cap: US$312.7m

Saratoga Investment Past Earnings Performance

Past criteria checks 3/6

Saratoga Investment's earnings have been declining at an average annual rate of -1%, while the Capital Markets industry saw earnings growing at 9.3% annually. Revenues have been growing at an average rate of 20.8% per year. Saratoga Investment's return on equity is 6.3%, and it has net margins of 16.4%.

Key information

-1.0%

Earnings growth rate

-10.2%

EPS growth rate

Capital Markets Industry Growth10.3%
Revenue growth rate20.8%
Return on equity6.3%
Net Margin16.4%
Last Earnings Update30 Nov 2023

Recent past performance updates

Recent updates

Saratoga Investment (Down Big): 40+ Big-Yield BDCs Compared

Jan 31

Saratoga Investment Corp: 12% Yield, 16% Discount, Buy Rating

Jan 21

Saratoga Investment: Big Yield At Significant Discount

Dec 26

Saratoga Investment Corp: 12% Yield, Strong Growth, Undervalued, Buy Rating

Oct 13

Saratoga Investment: 11% Yield And Dividend Hiked But Leverage Elevated

Sep 29

Saratoga Investment: A +10% Yield And Discount To NAV

Aug 02

Saratoga Investment Corp: Solid Buy With Quality Capital Structure

Jul 02

Saratoga Investment (NYSE:SAR) Is Increasing Its Dividend To $0.70

Jun 01
Saratoga Investment (NYSE:SAR) Is Increasing Its Dividend To $0.70

Saratoga Investment (NYSE:SAR) Will Pay A Larger Dividend Than Last Year At $0.69

Mar 03
Saratoga Investment (NYSE:SAR) Will Pay A Larger Dividend Than Last Year At $0.69

Saratoga Investment: Lock In A 10% Yield At A Discount

Jan 09

Near-Shutdown Of Preferred Stock IPO Market, October 2022

Nov 04

Saratoga Investment announces notes offering and rating of BBB+

Oct 19

Saratoga Investment prices $400M CLO

Oct 03

Saratoga Investment's (NYSE:SAR) Shareholders Will Receive A Bigger Dividend Than Last Year

Sep 01
Saratoga Investment's (NYSE:SAR) Shareholders Will Receive A Bigger Dividend Than Last Year

Saratoga Investment raises dividend by 2% to $0.54

Aug 29

NAV Discounted Saratoga Investments Has AUM Growth Risk

Aug 23

Saratoga Investment Q1 2023 Earnings Preview

Jul 05

Saratoga Investment: Rip Through Inflation With This 9% Yield

Jun 20

Saratoga: The Time Has Come, Execute Buy Order

Apr 05

Saratoga: Well Diversified BDC But Has An Overstretched Payout Ratio

Dec 12

Saratoga: 7.1% Yield, 5 Straight Dividend Bumps

Sep 04

Saratoga Investment adds to Bullish rating as Oppenheimer initiates coverage

Jun 16

Saratoga Investment Corp 2020 Q4 - Results - Earnings Call Presentation

May 06

Key Things To Watch Out For If You Are After Saratoga Investment Corp.'s (NYSE:SAR) 7.0% Dividend

Mar 22
Key Things To Watch Out For If You Are After Saratoga Investment Corp.'s (NYSE:SAR) 7.0% Dividend

How Much Of Saratoga Investment Corp. (NYSE:SAR) Do Insiders Own?

Mar 01
How Much Of Saratoga Investment Corp. (NYSE:SAR) Do Insiders Own?

Who Has Been Buying Saratoga Investment Corp. (NYSE:SAR) Shares?

Feb 08
Who Has Been Buying Saratoga Investment Corp. (NYSE:SAR) Shares?

Did You Participate In Any Of Saratoga Investment's (NYSE:SAR) Fantastic 144% Return ?

Jan 12
Did You Participate In Any Of Saratoga Investment's (NYSE:SAR) Fantastic 144% Return ?

Saratoga Investment increases dividend to $0.42

Jan 06

Saratoga Investment Corp. (NYSE:SAR) Has Got What It Takes To Be An Attractive Dividend Stock

Dec 22
Saratoga Investment Corp. (NYSE:SAR) Has Got What It Takes To Be An Attractive Dividend Stock

Could The Saratoga Investment Corp. (NYSE:SAR) Ownership Structure Tell Us Something Useful?

Dec 01
Could The Saratoga Investment Corp. (NYSE:SAR) Ownership Structure Tell Us Something Useful?

Saratoga: 8% Yield, 23% Discount, And Inflation Protection

Nov 24

Revenue & Expenses Breakdown
Beta

How Saratoga Investment makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:SAR Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Nov 2313923370
31 Aug 2312933360
31 May 2311526330
28 Feb 239925290
30 Nov 228614250
31 Aug 227616240
31 May 227323240
28 Feb 227146300
30 Nov 216847300
31 Aug 216645300
31 May 216158280
28 Feb 215815200
30 Nov 205932240
31 Aug 205940240
31 May 205925240
29 Feb 205856280
30 Nov 195437230
31 Aug 195227200
31 May 195022180
28 Feb 194819170
30 Nov 184516160
31 Aug 184217160
31 May 184021160
28 Feb 183918150
30 Nov 173713140
31 Aug 173611130
31 May 17349120
28 Feb 173311120
30 Nov 163310110
31 Aug 163112110
31 May 16308100
29 Feb 163012110
30 Nov 153015110
31 Aug 153015110
31 May 152917120
28 Feb 152711100
30 Nov 142612100
31 Aug 14241090
31 May 1423680
28 Feb 1423880
30 Nov 13221180
31 Aug 13211070
31 May 13191580

Quality Earnings: SAR has a large one-off loss of $30.9M impacting its last 12 months of financial results to 30th November, 2023.

Growing Profit Margin: SAR's current net profit margins (16.4%) are higher than last year (16.2%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: SAR's earnings have declined by 1% per year over the past 5 years.

Accelerating Growth: SAR's earnings growth over the past year (64.5%) exceeds its 5-year average (-1% per year).

Earnings vs Industry: SAR earnings growth over the past year (64.5%) exceeded the Capital Markets industry -4.3%.


Return on Equity

High ROE: SAR's Return on Equity (6.3%) is considered low.


Return on Assets


Return on Capital Employed


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