Saratoga Investment Corp.

NYSE:SAR Stock Report

Market Cap: US$330.3m

Saratoga Investment Past Earnings Performance

Past criteria checks 0/6

Saratoga Investment's earnings have been declining at an average annual rate of -15.3%, while the Capital Markets industry saw earnings growing at 7.8% annually. Revenues have been growing at an average rate of 24.3% per year. Saratoga Investment's return on equity is 5.7%, and it has net margins of 13.6%.

Key information

-15.3%

Earnings growth rate

-22.3%

EPS growth rate

Capital Markets Industry Growth10.3%
Revenue growth rate24.3%
Return on equity5.7%
Net Margin13.6%
Next Earnings Update08 Jan 2025

Recent past performance updates

Recent updates

Saratoga Investment: 12% Yield That Is Not Worth The Risk

Oct 18

Saratoga Investment Corp: 12% Yield, 13% Discount

Sep 20

Saratoga Investment: The Leverage Remains A Concern

Jul 17

Saratoga Investment Corp: The Good, The Bad, The Ugly

Jul 05

Saratoga Investment Corp: Solid BDC But Lacks NAV Growth

May 16

Saratoga Investment Corp: Collect A 12.4% Yield With This BDC, But Proceed With Caution

Apr 20

Saratoga Investment Corp: The Leverage Is Too Excessive For Going Long

Mar 28

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

Revenue & Expenses Breakdown

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
31 Aug 2415521420
31 May 2414816400
29 Feb 241449360
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

Quality Earnings: SAR has a large one-off loss of $38.3M impacting its last 12 months of financial results to 31st August, 2024.

Growing Profit Margin: SAR's current net profit margins (13.6%) are lower than last year (25.6%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: SAR's earnings have declined by 15.3% per year over the past 5 years.

Accelerating Growth: SAR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SAR had negative earnings growth (-35.6%) over the past year, making it difficult to compare to the Capital Markets industry average (12.6%).


Return on Equity

High ROE: SAR's Return on Equity (5.7%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 16:18
End of Day Share Price 2024/12/24 00:00
Earnings2024/08/31
Annual Earnings2024/02/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Saratoga Investment Corp. is covered by 12 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bryce RoweB. Riley Securities, Inc.
Bryce RoweB. Riley Wealth
David ChiaveriniCantor Fitzgerald & Co.