Using the industry peer median EV/EBITDA multiple (trailing + forward), Palmer Square Capital BDC Inc. (PSBD) has a fair value of $584.05 based on 4 comparable companies in the Asset Management industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/EBITDA | Forward EV/EBITDA | |
|---|---|---|---|
| Palmer Square Capital BDC Inc.PSBD | 353 | 0.6x | 0.5x |
| Gladstone Capital Corporation | 451 | 6.7x | 10.3x |
| Source Capital, Inc. | 382 | 6.0x | 0.1x |
| Barings Corporate Investors | 353 | 10.5x | — |
| PennantPark Investment Corporation | 313 | 28.3x | 16.4x |
| Industry Median | 8.6x | 10.3x | |
| (*) EBITDA | 1,779 | 2,297 | |
| = Enterprise Value | 15,291 | 23,671 | |
| (-) Net Debt | 713 | 713 | |
| Equity Value | 14,577 | 22,958 | |
| (/) Outstanding shares | 32 | 32 | |
| Fair Price | $454 | $714 | |
Using the industry peer median EV/Revenue multiple (trailing + forward), Palmer Square Capital BDC Inc. (PSBD) has a fair value of $5.71 based on 6 comparable companies in the Asset Management industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| Palmer Square Capital BDC Inc.PSBD | 353 | 9.6x | 7.4x |
| Eagle Point Credit Company Inc. | 563 | 7.8x | 5.7x |
| Gladstone Capital Corporation | 451 | 5.6x | 8.7x |
| Source Capital, Inc. | 382 | 8.1x | 0.1x |
| Barings Corporate Investors | 353 | 8.8x | — |
| PennantPark Investment Corporation | 313 | 12.0x | 7.0x |
| GigCapital7 Corp. | 193 | 1.0x | — |
| Industry Median | 7.9x | 6.3x | |
| (*) Revenue | 111 | 144 | |
| = Enterprise Value | 883 | 911 | |
| (-) Net Debt | 713 | 713 | |
| Equity Value | 170 | 198 | |
| (/) Outstanding shares | 32 | 32 | |
| Fair Price | $5 | $6 | |
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.