Cion Investment Corp
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- Market Cap.:
- $535.32 million
- Book Value:
- Revenue TTM:
- $194.90 million
- Operating Margin TTM:
- Gross Profit TTM:
- $194.90 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Cion Investment Corp had its IPO on 2021-10-05 under the ticker symbol CION.
The company operates in the Financial Services sector and Asset Management industry. Cion Investment Corp has a staff strength of 0 employees.
Shares of Cion Investment Corp opened at $9.54 at the start of the last trading session i.e. 2023-03-25.
The stocks traded within a range of $9.42 - $9.76, and closed at $9.73.
This is a +1.99% increase from the previous day's closing price.
A total volume of 203,900 shares were traded at the close of the day’s session.
In the last one week, shares of Cion Investment Corp have slipped by -0.22%.
Cion Investment Corp's Key Ratios
Cion Investment Corp has a market cap of $535.32 million, indicating a price to book ratio of 0.6537 and a price to sales ratio of 3.2245.
In the last 12-months Cion Investment Corp’s revenue was $194.90 million with a gross profit of $194.90 million and an EBITDA of $0. The EBITDA ratio measures Cion Investment Corp's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Cion Investment Corp’s operating margin was 70.91% while its return on assets stood at 4.73% with a return of equity of 5.53%.
In Q4, Cion Investment Corp’s quarterly earnings growth was a negative -38.7% while revenue growth was a positive 37.4%.
Cion Investment Corp’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $0.89 per share while it has a forward price to earnings multiple of 6.5876 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Cion Investment Corp’s profitability.
Cion Investment Corp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.2245.
Cion Investment Corp stock pays annual dividends of $1.18 per share, indicating a yield of 14.01% and a payout ratio of 77.78%.
Balance sheet and cash flow metrics
- Total Assets
- $1.87 billion
- Total Liabilities
- $1.01 million
- Operating Cash Flow
- Capital Expenditure
- Dividend Payout Ratio
Cion Investment Corp ended 2023 with $1.87 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.87 billion while shareholder equity stood at $883.63 million.
Cion Investment Corp ended 2023 with $0 in deferred long-term liabilities, $1.01 million in other current liabilities, 15980.00 in common stock, $-9883000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $82.74 million and cash and short-term investments were $1.61 billion. The company’s total short-term debt was $0 while long-term debt stood at $951.32 million.
Cion Investment Corp’s total current assets stands at $1.63 billion while long-term investments were $1.76 billion and short-term investments were $1.53 billion. Its net receivables were $26.53 million compared to accounts payable of $1.01 million and inventory worth $0.
In 2023, Cion Investment Corp's operating cash flow was $0 while its capital expenditure stood at $0.
Comparatively, Cion Investment Corp paid $0.78 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Cion Investment Corp stock is currently trading at $9.73 per share. It touched a 52-week high of $13.0277 and a 52-week low of $13.0277. Analysts tracking the stock have a 12-month average target price of $10.5.
Its 50-day moving average was $10.24 and 200-day moving average was $9.05 The short ratio stood at 0.92 indicating a short percent outstanding of 0%.
Around 36.4% of the company’s stock are held by insiders while 3462.4% are held by institutions.
Frequently Asked Questions About Cion Investment Corp
Similar Industry Stocks (Asset Management)
CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies. The firm invests in growth capital, acquisitions, leveraged buyouts, market/product expansion, refinancing and recapitalization. The fund also invests up to 30 percent of their assets opportunistically in other types of investments, including the securities of larger public companies and foreign securities. It also makes investments in the secondary loan market. The fund does not invest in start-up companies, turnaround situations, or companies with speculative business plans. The fund prefers to invest in high tech industries, healthcare, pharmaceuticals, business services, media, chemicals, plastic, rubber, telecommunication, consumer services, advertising, printing and publishing, consumer goods, durables, diversified financials, and other industries. It also invests in homebuilding, restaurants, beverage and tobacco bars, broadcasting, distributors, Non-durable good distribution, food beverage and tobacco, energy, oil gas and consumables fuels, insurance, aerospace and defense, industrial machinery, paper and forest product machinery, information technology, metals and mining, and real estate. It primarily seeks to invest in the United States. The fund seeks to invest between $5 million and $50 million in companies with an EBITDA between $25 million and $75 million with average targeted hold of $25 million. It also purchases minority interests in the form of common or preferred equity in the target companies, typically in conjunction with its debt investments or through a co-investment with a financial sponsor. The fund seeks to exit its investments through an initial public offering of common stock, a merger, a sale, or other recapitalization.