NASDAQ$NMFC
New Mountain Finance Corporation · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Reported fourth quarter net investment income and book value recovery.
New Mountain Finance Corporation reported a strong Q4 with positive credit migration and book value recovery, leading to a NAV per share of $12.62. The company's portfolio continued to perform well, and the board declared a first quarter distribution of $0.30 per share.
- Portfolio continued to perform well through Q4 with $217 million of positive credit migration.
- Book value recovery improved a further $0.38 to $12.62 per share.
- First quarter distribution of $0.30 per share declared, payable on March 31, 2021.
- Company's investment strategy focuses on middle market defensive growth companies.
Headline financials
Revenue & EPS history
NMFC · Revenue · Quarterly
$68.1M
Revenue by segment
NMFC · $2.88B total across 5 segments · Q3 2023
- First Lien$1.69B-4.4%58.8%
- Second Lien$546M-7.9%19.0%
- Common Equity and Other$356M-8.7%12.4%
- Preferred Equity$196M+12.3%6.8%
- Subordinated$86.2M+16.9%3.0%
Forward guidance
Company anticipates further book value recovery in 2021 as COVID headwinds abate.
Tailwinds
- Expected further book value recovery in 2021.
- COVID headwinds are expected to abate.
- Focus on defensive growth industries.
- Strength of the team.
- Continued stable credit performance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q4 2020
-0.2%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.0%
Avg return
30 days after
56%
10 / 18 earnings
Positive
+4.3%
Q1 2025
Best reaction
-4.3%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.6% | -3.7% | -8.8% | |
| Q4 2025 | -4.3% | -4.5% | -8.1% | |
| Q3 2025 | +0.2% | -0.5% | +0.4% | |
| Q1 2025 | +4.3% | +6.7% | +9.4% | |
| Q3 2024 | +0.4% | -5.1% | +4.9% | |
| Q2 2024 | -1.0% | -4.5% | -1.5% | |
| Q1 2024 | +0.0% | -0.4% | -0.8% | |
| Q4 2023 | +1.8% | +0.7% | -0.9% | |
| Q3 2023 | +2.7% | +1.4% | +3.1% | |
| Q2 2023 | +0.5% | +3.1% | +0.9% | |
| Q1 2023 | +0.5% | +2.6% | +7.5% | |
| Q4 2022 | -1.7% | -0.6% | -5.1% | |
| Q3 2022 | -3.0% | +0.3% | +1.0% | |
| Q2 2022 | +0.7% | +2.5% | -0.3% | |
| Q1 2022 | -2.7% | -5.4% | -2.9% | |
| Q4 2021 | +1.0% | +1.6% | +2.4% | |
| Q3 2021 | -1.8% | -0.5% | -3.3% | |
| Q4 2020 | +0.2% | +2.3% | +3.0% |
Discussion
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