Newtek Business Services Corp

Company Profile

Newtek Business Services Corp had its IPO on 2000-09-27 under the ticker symbol NEWT.

The company operates in the Financial Services sector and Banks-Regional industry. Newtek Business Services Corp has a staff strength of 104 employees.

Stock update

Shares of Newtek Business Services Corp opened at $17.19 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $16.37 - $17.24, and closed at $16.38.

This is a -4.71% slip from the previous day's closing price.

A total volume of 95,867 shares were traded at the close of the day’s session.

In the last one week, shares of Newtek Business Services Corp have slipped by -7.41%.

Newtek Business Services Corp's Key Ratios

Newtek Business Services Corp has a market cap of $423.60 million, indicating a price to book ratio of 1.1764 and a price to sales ratio of 5.3038.

In the last 12-months Newtek Business Services Corp’s revenue was $152.64 million with a gross profit of $86.24 million and an EBITDA of $27.94 million. The EBITDA ratio measures Newtek Business Services Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Newtek Business Services Corp’s operating margin was 17.11% while its return on assets stood at 1.32% with a return of equity of 9%.

In Q2, Newtek Business Services Corp’s quarterly earnings growth was a negative -53.5% while revenue growth was a positive 102.2%.

Newtek Business Services Corp’s PE and PEG Ratio

Forward PE

26.5957

Trailing PE

15.6091

PEG

3.28

Its diluted EPS in the last 12-months stands at $1.1 per share while it has a forward price to earnings multiple of 26.5957 and a PEG multiple of 3.28. 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 Newtek Business Services Corp’s profitability.

Newtek Business Services Corp stock is trading at a EV to sales ratio of 2.6444 and a EV to EBITDA ratio of 6.6829. Its price to sales ratio in the trailing 12-months stood at 5.3038.

Newtek Business Services Corp stock pays annual dividends of $1.71 per share, indicating a yield of 9.88% and a payout ratio of 123.02%.

Balance sheet and cash flow metrics

Total Assets

$1.44 billion

Total Liabilities

$40.50 million

Operating Cash Flow

$-48648000.00

Capital Expenditure

$36000

Dividend Payout Ratio

123.02%

Newtek Business Services Corp ended 2024 with $1.44 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.44 billion while shareholder equity stood at $221.22 million.

Newtek Business Services Corp ended 2024 with $0 in deferred long-term liabilities, $40.50 million in other current liabilities, 491000.00 in common stock, $9.08 million in retained earnings and $21.13 million in goodwill. Its cash balance stood at $189.59 million and cash and short-term investments were $81.58 million. The company’s total short-term debt was $74,254,000 while long-term debt stood at $697.39 million.

Newtek Business Services Corp’s total current assets stands at $81.58 million while long-term investments were $61.99 million and short-term investments were $32.91 million. Its net receivables were $119.86 million compared to accounts payable of $40.50 million and inventory worth $0.

In 2024, Newtek Business Services Corp's operating cash flow was $-48648000.00 while its capital expenditure stood at $36000.

Comparatively, Newtek Business Services Corp paid $1.23 in dividends in 2024.

Other key metrics

Current Trading Price

$16.38

52-Week High

$20.312

52-Week Low

$10.6322

Analyst Target Price

$12.63

Newtek Business Services Corp stock is currently trading at $16.38 per share. It touched a 52-week high of $20.312 and a 52-week low of $20.312. Analysts tracking the stock have a 12-month average target price of $12.63.

Its 50-day moving average was $17.6 and 200-day moving average was $15.61 The short ratio stood at 16.84 indicating a short percent outstanding of 0%.

Around 672.7% of the company’s stock are held by insiders while 3174.1% are held by institutions.