Financials CION Investment Corporation

Equities

CION

US17259U2042

Investment Management & Fund Operators

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
11.44 ^USD	+0.79%		+1.96%	+1.15%

Mar. 14	Transcript : CION Investment Corporation, Q4 2023 Earnings Call, Mar 14, 2024
Mar. 14	Cion Investment Corporation Declares Dividend of First Quarter 2024, Payable on March 28, 2024	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	744.4	540.4	614.1	616	-
Enterprise Value (EV) ¹	744.4	540.4	614.1	616	616
P/E ratio	6.25 x	11 x	6.5 x	6.93 x	7.19 x
Yield	8.1%	-	12%	11.9%	11.9%
Capitalization / Revenue	4.73 x	2.77 x	2.45 x	2.85 x	2.87 x
EV / Revenue	4.73 x	2.77 x	2.45 x	2.85 x	2.87 x
EV / EBITDA	-	-	-	-	-
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	-	-	-	-	-
Nbr of stocks (in thousands)	56,958	55,427	54,299	53,844	-
Reference price ²	13.07	9.750	11.31	11.44	11.44
Announcement Date	3/10/22	3/16/23	3/14/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net sales ¹	-	157.3	194.9	251	216	214.5
EBITDA	-	-	-	-	-	-
EBIT	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-
Net income ¹	-11.02	118.8	50.14	95.31	89	85.92
Net margin	-	75.48%	25.73%	37.97%	41.2%	40.06%
EPS ²	-0.1000	2.090	0.8900	1.740	1.650	1.590
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	1.059	-	1.360	1.360	1.360
Announcement Date	3/16/21	3/10/22	3/16/23	3/14/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	42.62	40.4	41.68	43.55	54.16	55.5	64.98	58.5	67.54	60	54	55	54	54	55.5
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	25.11	15.97	7.889	-1.266	33.98	9.535	-31.04	27.89	47.47	50.99	22	23	23	22	21.99
Net margin	58.91%	39.53%	18.93%	-2.91%	62.74%	17.18%	-47.78%	47.69%	70.29%	84.99%	40.74%	41.82%	42.59%	40.74%	39.62%
EPS ²	0.4400	0.2800	0.1400	-0.0200	0.6000	0.1800	-0.5900	0.5100	0.8700	0.9300	0.4000	0.4200	0.4200	0.4100	0.4000
Dividend per Share ²	0.2648	0.2648	0.2800	0.2800	0.3100	-	0.3400	0.3400	0.3900	0.3400	0.3400	0.3400	0.3400	0.3400	0.3400
Announcement Date	11/15/21	3/10/22	5/12/22	8/11/22	11/10/22	3/16/23	5/10/23	8/9/23	11/9/23	3/14/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	-	10.8%	10.1%	9.6%
ROA (Net income/ Total Assets)	-	-	-	4.92%	4.4%	4.2%
Assets ¹	-	-	-	1,937	2,023	2,046
Book Value Per Share	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-
Capex	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-
Announcement Date	3/16/21	3/10/22	3/16/23	3/14/24	-	-

¹USD in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for CION Investment Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

11.44 USD

Average target price

11.5 USD

Spread / Average Target

+0.52%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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