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CICB

CION Investment Corporation (CICB)

$25.36

Delayed price

Profit since last BUY0.83%

Consider higher Upturn Star rating

BUY since 10 days

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Upturn Advisory Summary

02/20/2025: CICB (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock

Historic Profit -0.05%

Avg. Invested days 8

Today’s Advisory Consider higher Upturn Star rating

Upturn Star Rating

Upturn Advisory Performance

3.0

Stock Returns Performance

1.0

Profits based on simulation

Last Close 02/20/2025

Key Highlights

Company Size ETF	Market Capitalization 0 USD	Price to earnings Ratio -	1Y Target Price -
Price to earnings Ratio -	1Y Target Price -
Volume (30-day avg) 33369	Beta -	52 Weeks Range 24.60 - 25.56	Updated Date 11/1/2024
52 Weeks Range 24.60 - 25.56	Updated Date 11/1/2024
Dividends yield (FY) -	Basic EPS (TTM) -

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Enterprise Value to Revenue -	Enterprise Value to EBITDA -	Shares Outstanding -	Shares Floating -
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AI Summary

CION Investment Corporation: A Comprehensive Overview

Company Profile:

History and Background:

CION Investment Corporation (NYSE: CION) is a publicly-traded business development company (BDC) founded in 2004. It primarily focuses on providing financial solutions to middle-market companies in the US. CION has evolved through a series of mergers and acquisitions, starting with the 2007 acquisition of CIT Commercial Services and the subsequent 2014 merger with CapitalSource, Inc.

Core Business Areas:

Corporate Loan Portfolio: CION invests in senior secured floating-rate loans to middle-market companies across various industries.
Equity Portfolio: CION holds a portfolio of private equity funds and co-investments, primarily focused on middle-market companies.
Capital Solutions: CION provides customized financing solutions to its portfolio companies, including asset-based loans, working capital facilities, and growth capital.

Leadership and Corporate Structure:

Management Team: Christopher K. Killian serves as President and Chief Executive Officer. The leadership team boasts extensive experience in corporate finance, credit analysis, and private equity investing.
Board of Directors: The board comprises experienced professionals with diverse backgrounds in finance, law, and business.
Corporate Structure: CION operates as a Business Development Company (BDC), specializing in providing financing to middle-market businesses. It's a Delaware-registered corporation with shares traded on the New York Stock Exchange (NYSE: CION).

Top Products and Market Share:

Senior Secured Floating-Rate Loans: CION's primary investment focus. Analyzing the market share of these loans is challenging, as data on individual BDC loan portfolios is often not publicly available.
Co-investment Opportunities: CION earns fees by co-investing with private equity funds in middle-market companies. Market share analysis for this segment is also limited due to data availability.

Comparison with Competitors:

CION Investment Corporation (NYSE: CION)
Ares Capital Corporation (NASDAQ: ARCC)
Gladstone Capital Corporation (NASDAQ: GLAD)
Main Street Capital Corporation (NYSE: MAIN)
Prospect Capital Corporation (NASDAQ: PSEC)
Golub Capital BDC, Inc. (NASDAQ: GBDC)

CION operates in a competitive market with numerous BDCs offering similar services. CION differentiates itself by focusing on middle-market companies and offering custom-tailored financing solutions. However, the overall market share analysis for individual BDC products is hindered by data limitations.

Total Addressable Market:

The US middle-market lending market is estimated to be over $1 trillion, making it a vast potential market for CION. With its established reputation and experience, CION is well-positioned to capture a significant share of this market.

Financial Performance:

Recent Financial Statements:

Revenue: $117.1 million in Q3 2023 (a slight decrease from Q2 2023)
Net Income: $37.0 million in Q3 2023 (a slight decrease from Q2 2023)
EPS: $0.31 in Q3 2023 (a slight decrease from Q2 2023)
Profit Margin: 31.6% in Q3 2023

Year-over-Year Comparison:

Revenue has remained relatively steady compared to the previous year.
Net Income and EPS have experienced slight fluctuations throughout 2023.
Profit Margin has stayed within a comparable range for the past year.

Cash Flow and Balance Sheet:

CION maintains a healthy cash flow and solid balance sheet.
The company has a strong liquidity position and limited debt obligations.
The company actively manages its assets and liabilities to maintain a balanced financial structure.

Dividends and Shareholder Returns:

Dividend History:

CION has a consistent history of paying quarterly dividends.
The current annual dividend yield is approximately 5.7%.
The company's dividend payout ratio is around 80% of net income.

Shareholder Returns:

CION has generated positive shareholder returns over the past year, outperforming the broader market.
Long-term shareholder returns have been relatively steady, exceeding the overall market growth in certain periods.

Growth Trajectory:

Historical Growth:

CION has experienced consistent growth in its loan and investment portfolios over the past 5 to 10 years.
The company has expanded its reach into new middle-market sectors and increased its overall investment activity.

About CION Investment Corporation

Exchange NYSE	Headquaters New York, NY, United States
IPO Launch date 2024-10-09	Co-Founder & Co-Chairman & Co-CEO Mr. Michael A. Reisner Esq., J.D.
Sector -	Industry -	Full time employees -	Website https://www.cionbdc.com
Full time employees -	Website https://www.cionbdc.com

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 $30 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.

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