OTCPK:PIAC

Stock Analysis Report

Executive Summary

Princeton Capital Corporation is a business development company specializing in the private equity investments.


Snowflake Analysis

Share Price & News

How has Princeton Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PIAC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-38.2%

PIAC

-4.2%

US Capital Markets

-4.2%

US Market


1 Year Return

-25.0%

PIAC

12.0%

US Capital Markets

14.0%

US Market

Return vs Industry: PIAC underperformed the US Capital Markets industry which returned 12% over the past year.

Return vs Market: PIAC underperformed the US Market which returned 14% over the past year.


Shareholder returns

PIACIndustryMarket
7 Day-38.2%-4.2%-4.2%
30 Day-30.0%-2.1%-1.8%
90 Day-4.5%1.1%2.6%
1 Year-25.0%-25.0%14.3%12.0%16.3%14.0%
3 Year-30.0%-30.0%35.2%27.6%43.2%34.0%
5 Yearn/a74.5%58.3%65.9%47.6%

Price Volatility Vs. Market

How volatile is Princeton Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Princeton Capital undervalued compared to its fair value and its price relative to the market?

0.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PIAC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PIAC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PIAC is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: PIAC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PIAC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PIAC is good value based on its PB Ratio (0.7x) compared to the US Capital Markets industry average (6.6x).

Future Growth

How is Princeton Capital forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.7%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Princeton Capital has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Princeton Capital performed over the past 5 years?

16.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PIAC is currently unprofitable.

Growing Profit Margin: PIAC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PIAC is unprofitable, but has reduced losses over the past 5 years at a rate of 16.6% per year.

Accelerating Growth: Unable to compare PIAC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PIAC is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.4%).


Return on Equity

High ROE: PIAC has a negative Return on Equity (-20.68%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed

Financial Health

How is Princeton Capital's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: PIAC has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if PIAC's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable PIAC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PIAC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 34.5% per year.


Financial Institutions Analysis

Asset Level: PIAC's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if PIAC has a sufficient allowance for bad loans.

Low Risk Liabilities: PIAC reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if PIAC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: PIAC has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if PIAC has an appropriate level of bad loans.

Dividend

What is Princeton Capital's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate PIAC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate PIAC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PIAC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PIAC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PIAC's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Mark DiSalvo (64yo)

2.4yrs

Tenure

0

Mr. Mark S. DiSalvo serves as a Manager at New York Community Investment Company. Mr. DiSalvo has been the President and Chief Executive Officer at Semaphore Inc. since 2001. He has been a senior executive ...


Leadership Team

NamePositionTenureCompensationOwnership
Mark DiSalvo
Interim CEO2.4yrsno datano data
Gregory Cannella
Treasurer4.9yrsno datano data
Jennifer Tanguy
Investor Relations Director0yrsno datano data
Florina Klingbaum
Chief Compliance Officer2.1yrsno datano data

2.4yrs

Average Tenure

Experienced Management: PIAC's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mark DiSalvo
Interim CEO2.4yrsno datano data
Martin Laidlaw
Director4.1yrsUS$50.00kno data
Darren Stainrod
Chairman of the Board4.1yrsUS$50.00kno data
Gregory Bennett
Director3.7yrsUS$55.00kno data

3.9yrs

Average Tenure

58yo

Average Age

Experienced Board: PIAC's board of directors are considered experienced (3.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Princeton Capital Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Princeton Capital Corporation
  • Ticker: PIAC
  • Exchange: OTCPK
  • Founded:
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$25.302m
  • Shares outstanding: 120.49m
  • Website: https://www.princetoncapitalcorp.com

Location

  • Princeton Capital Corporation
  • 800 Turnpike Street
  • Suite 300
  • North Andover
  • Massachusetts
  • 1845
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PIACOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 2015

Biography

Princeton Capital Corporation is a business development company specializing in the private equity investments. The firm specializes in making investments in form of middle market, mezzanine, first lien loans, second lien loans, subordinated debt, leverage buyouts, acquisitions, recapitalization, growth financing and debt financing investments. It typically invests in the United States region. The firm seeks to invest between $3 million and $50 million. It seeks to invest in companies with sales more than $35 million. It seeks to invest in companies with EBITDA between $3 million and $20 million. The firm is based in Houston, Texas with additional offices in Princeton, New Jersey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 23:58
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.