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Apollo Investment Corporation AINV

Apollo Investment Corporation Financial Ratios 2020-2011 | AINV

Brief overview of Apollo Investment Corporation's multiples and efficiency

The review covers five available annual periods spanning 2014 to 2019.

The current valuation set is P/E 15.35x (median 15.35x), P/B 0.58x (median 0.83x), P/CF 4.45x (median 4.45x). The combined ratio level is close to the company's five-year norm at a 0% deviation. No clear premium or discount is visible.

At the current P/E, inverse earnings yield is 6.5%, a useful bridge between price and business earnings.

End-period return metrics are ROE -11.3%, ROA -4%, ROCE 5%. Returns below zero mean resources are not producing positive profit. Recovery in operating results is the main reference point.

Financial-company multiples cannot be compared directly with industrial businesses; P/B and sustainable capital returns remain central.

Overall assessment

Apollo Investment Corporation's valuation and business quality look relatively balanced, with no pronounced distortion in either direction.

Annual Financial Ratios Apollo Investment Corporation

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
-5.1 15.3 13.5 82.2 -30.4 26.7 7.0 18.3 -16.5 12.9

P/S

2.1 4.3 4.5 5.4 3.6 4.6 5.0 5.8 4.0 6.5

EV/EBITDA

-6.3 136.1 42.0 -20.9 -9.4 -45.4 9.6 73.8 -7.0 19.9

PEG

0.02 -1.04 0.04 0.57 0.19 -0.36 0.05 0.09 0.11 -0.29

P/B

0.6 0.8 0.8 1.0 0.8 1.0 0.9 1.1 0.8 1.2

P/CF

-1.2 -8.3 4.5 2.4 3.1 47.8 -6.5 -96.3 6.0 -4.9

ROE %

-11.33 5.48 6.14 1.24 -2.71 3.89 13.20 6.23 -5.12 9.20

ROA %

-4.04 2.88 3.76 0.76 -1.45 2.12 7.44 3.55 -3.11 5.73

ROCE %

5.00 5.23 5.78 6.40 6.53 6.63 5.88 5.91 6.41 6.34

DSO

7.9 5.8 9.3 60.9 85.7 101.3 73.2 66.4 79.7 66.0

DPO

- 2.3 138.8 46.3 53.4 20.6 262.5 62.3 - 87.7

All numbers in USD currency

Multiples are an important financial analysis tool for the company Apollo Investment Corporation, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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