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Financial Services - Asset Management - NYSE - US
$ 11.75
1.73 %
$ 626 M
Market Cap
8.05
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 31, 2025.

The intrinsic value of one CION stock under the worst case scenario is HIDDEN Compared to the current market price of 11.8 USD, CION Investment Corporation is HIDDEN

This DCF valuation model was last updated on Jan, 31, 2025.

The intrinsic value of one CION stock under the base case scenario is HIDDEN Compared to the current market price of 11.8 USD, CION Investment Corporation is HIDDEN

This DCF valuation model was last updated on Jan, 31, 2025.

The intrinsic value of one CION stock under the best case scenario is HIDDEN Compared to the current market price of 11.8 USD, CION Investment Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
251 M REVENUE
310.56%
181 M OPERATING INCOME
80.57%
95.3 M NET INCOME
90.09%
-97.2 M OPERATING CASH FLOW
-275.39%
0 INVESTING CASH FLOW
100.00%
22.8 M FINANCING CASH FLOW
-47.75%
59.6 M REVENUE
45.15%
21.6 M OPERATING INCOME
-53.21%
-379 K NET INCOME
-1.69%
52 M OPERATING CASH FLOW
657.63%
0 INVESTING CASH FLOW
100.00%
-32 M FINANCING CASH FLOW
-45.88%
Balance Sheet CION Investment Corporation
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Current Assets 161 M
Cash & Short-Term Investments 122 M
Receivables 37.7 M
Other Current Assets 1.35 M
Non-Current Assets 1.95 B
Long-Term Investments 1.95 B
PP&E 0
Other Non-Current Assets 0
Current Liabilities 26.8 M
Accounts Payable 26.8 M
Short-Term Debt 0
Other Current Liabilities 0
Non-Current Liabilities 1.08 B
Long-Term Debt 1.08 B
Other Non-Current Liabilities 0
EFFICIENCY
Earnings Waterfall CION Investment Corporation
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Revenue 251 M
Cost Of Revenue 0
Gross Profit 251 M
Operating Expenses 60.5 M
Operating Income 181 M
Other Expenses 85.5 M
Net Income 95.3 M
RATIOS
100.00% GROSS MARGIN
100.00%
72.04% OPERATING MARGIN
72.04%
37.97% NET MARGIN
37.97%
10.84% ROE
10.84%
4.76% ROA
4.76%
8.66% ROIC
8.66%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis CION Investment Corporation
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Net Income 95.3 M
Depreciation & Amortization -22.2 M
Capital Expenditures 0
Stock-Based Compensation 0
Change in Working Capital -8.47 M
Others -175 M
Free Cash Flow -97.2 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets CION Investment Corporation
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Wall Street analysts predict an average 1-year price target for CION of $13 , with forecasts ranging from a low of $13 to a high of $13 .
CION Lowest Price Target Wall Street Target
13 USD 10.64%
CION Average Price Target Wall Street Target
13 USD 10.64%
CION Highest Price Target Wall Street Target
13 USD 10.64%
4. DIVIDEND ANALYSIS
3.45% DIVIDEND YIELD
0.05 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership CION Investment Corporation
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
52.7 K USD 5
0-3 MONTHS
74.8 K USD 6
3-6 MONTHS
40 K USD 4
6-9 MONTHS
69.7 K USD 5
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Nov 21, 2024
Bought 5 K USD
Reisner Michael A
Co-Chairman & Co-CEO
+ 437
11.44 USD
2 months ago
Nov 21, 2024
Bought 5.02 K USD
ROMAN STEPHEN
CCO & Secretary
+ 435
11.53 USD
2 months ago
Nov 15, 2024
Bought 11.3 K USD
Breakstone Robert A
Director
+ 1000
11.34 USD
2 months ago
Nov 12, 2024
Bought 22.8 K USD
BRESNER GREGG A.
President & CIO
+ 2000
11.41 USD
2 months ago
Nov 12, 2024
Bought 8.54 K USD
Arestia Charlie
See Remarks
+ 750
11.39 USD
5 months ago
Aug 26, 2024
Bought 4.93 K USD
Reisner Michael A
Co-Chairman & Co-CEO
+ 400
12.33 USD
5 months ago
Aug 21, 2024
Bought 5.48 K USD
ROMAN STEPHEN
CCO & Secretary
+ 450
12.18 USD
5 months ago
Aug 15, 2024
Bought 30.2 K USD
BRESNER GREGG A.
President & CIO
+ 2500
12.08 USD
5 months ago
Aug 14, 2024
Bought 12 K USD
BRESNER GREGG A.
President & CIO
+ 1000
12.05 USD
5 months ago
Aug 15, 2024
Bought 4.89 K USD
Pinero Eric A.
Chief Legal Officer
+ 402
12.16 USD
5 months ago
Aug 12, 2024
Bought 5.37 K USD
Arestia Charlie
See Remarks
+ 450
11.94 USD
5 months ago
Aug 12, 2024
Bought 11.9 K USD
Breakstone Robert A
Director
+ 1000
11.89 USD
8 months ago
May 28, 2024
Bought 5.01 K USD
Pinero Eric A.
Chief Legal Officer
+ 403
12.42 USD
8 months ago
May 22, 2024
Bought 4.96 K USD
ROMAN STEPHEN
CCO & Secretary
+ 400
12.41 USD
8 months ago
May 17, 2024
Bought 25 K USD
BRESNER GREGG A.
President & CIO
+ 2000
12.51 USD
8 months ago
May 13, 2024
Bought 4.99 K USD
Reisner Michael A
Co-Chairman & Co-CEO
+ 407
12.27 USD
9 months ago
Apr 05, 2024
Bought 5 K USD
Pinero Eric A.
Chief Legal Officer
+ 450
11.11 USD
10 months ago
Apr 01, 2024
Bought 4.97 K USD
ROMAN STEPHEN
CCO & Secretary
+ 450
11.05 USD
10 months ago
Mar 27, 2024
Bought 11 K USD
Gatto Mark
Co-Chairman & Co-CEO
+ 1000
11.02 USD
10 months ago
Mar 27, 2024
Bought 551 USD
Gatto Mark
Co-Chairman & Co-CEO
+ 50
11.02 USD
10 months ago
Mar 25, 2024
Bought 4.99 K USD
Reisner Michael A
Co-Chairman & Co-CEO
+ 469
10.65 USD
10 months ago
Mar 20, 2024
Bought 43.1 K USD
BRESNER GREGG A.
President & CIO
+ 4000
10.78 USD
1 year ago
Nov 27, 2023
Bought 3.26 K USD
FINLAY PETER I.
Director
+ 300
10.88 USD
1 year ago
Nov 16, 2023
Bought 10 K USD
Gatto Mark
Co-Chairman & Co-CEO
+ 905
11.05 USD
1 year ago
Nov 15, 2023
Bought 4.8 K USD
Reisner Michael A
Co-Chairman & Co-CEO
+ 434
11.06 USD
1 year ago
Aug 22, 2023
Bought 5.01 K USD
Reisner Michael A
Co-Chairman & Co-CEO
+ 460
10.89 USD
1 year ago
Jun 01, 2023
Bought 150 K USD
Franz Keith S
CFO & Treasurer
+ 15715
9.52 USD
1 year ago
Jun 01, 2023
Bought 9.58 K USD
BRESNER GREGG A.
President & CIO
+ 1000
9.58 USD
1 year ago
May 31, 2023
Bought 9.32 K USD
BRESNER GREGG A.
President & CIO
+ 1000
9.32 USD
1 year ago
May 26, 2023
Bought 19.8 K USD
BRESNER GREGG A.
President & CIO
+ 2000
9.9 USD
1 year ago
May 25, 2023
Bought 9.81 K USD
BRESNER GREGG A.
President & CIO
+ 1000
9.81 USD
1 year ago
May 24, 2023
Bought 9.91 K USD
BRESNER GREGG A.
President & CIO
+ 1000
9.91 USD
1 year ago
May 22, 2023
Bought 19.8 K USD
Choi Catherine
Director
+ 2000
9.92 USD
1 year ago
May 19, 2023
Bought 4.89 K USD
Reisner Michael A
Co-Chairman & Co-CEO
+ 500
9.78 USD
1 year ago
May 15, 2023
Bought 10.2 K USD
ROMAN STEPHEN
CCO & Secretary
+ 1100
9.26 USD
1 year ago
May 15, 2023
Bought 18.5 K USD
Schwartz Aron I
Director
+ 2000
9.25 USD
1 year ago
May 12, 2023
Bought 22.3 K USD
Breakstone Robert A
Director
+ 2395
9.33 USD
1 year ago
May 12, 2023
Bought 10.1 K USD
Pinero Eric A.
Chief Legal Officer
+ 1070
9.42 USD
2 years ago
Nov 30, 2022
Bought 10.1 K USD
Breakstone Robert A
Director
+ 1000
10.1 USD
2 years ago
Nov 30, 2022
Bought 100 K USD
Franz Keith S
CFO & Treasurer
+ 10000
10.01 USD
2 years ago
Nov 23, 2022
Bought 10.4 K USD
Reisner Michael A
Co-Chairman & Co-CEO
+ 1000
10.35 USD
2 years ago
Nov 22, 2022
Bought 10.2 K USD
FINLAY PETER I.
Director
+ 1000
10.25 USD
2 years ago
Sep 01, 2022
Bought 27.5 K USD
BRESNER GREGG A.
President & CIO
+ 3000
9.17 USD
2 years ago
Aug 30, 2022
Bought 10.2 K USD
BRESNER GREGG A.
President & CIO
+ 1000
10.2 USD
2 years ago
Aug 30, 2022
Bought 82.2 K USD
Franz Keith S
CFO & Treasurer
+ 8000
10.28 USD
2 years ago
Sep 01, 2022
Bought 28 K USD
Pinero Eric A.
Chief Legal Officer
+ 3000
9.32 USD
2 years ago
Aug 22, 2022
Bought 51.4 K USD
Gatto Mark
Co-Chairman & Co-CEO
+ 5000
10.29 USD
2 years ago
Aug 23, 2022
Bought 52.4 K USD
Reisner Michael A
Co-Chairman & Co-CEO
+ 5000
10.47 USD
2 years ago
Aug 18, 2022
Bought 6.72 K USD
FINLAY PETER I.
director:
+ 640
10.5 USD
2 years ago
Aug 15, 2022
Bought 51.4 K USD
BRESNER GREGG A.
President & CIO
+ 5000
10.29 USD
2 years ago
Aug 17, 2022
Bought 30.7 K USD
ROMAN STEPHEN
CCO & Secretary
+ 3000
10.22 USD
2 years ago
Aug 16, 2022
Bought 20.2 K USD
Breakstone Robert A
director:
+ 2000
10.08 USD
2 years ago
Jun 02, 2022
Bought 32.3 K USD
Breakstone Robert A
director:
+ 3000
10.76 USD
2 years ago
May 31, 2022
Bought 3.95 K USD
FINLAY PETER I.
director:
+ 360
10.97 USD
2 years ago
May 19, 2022
Bought 54.9 K USD
Gatto Mark
Co-Chairman & Co-CEO
+ 5000
10.98 USD
2 years ago
May 19, 2022
Bought 50.3 K USD
Reisner Michael A
Co-Chairman & Co-CEO
+ 4591
10.95 USD
2 years ago
May 18, 2022
Bought 11.2 K USD
BRESNER GREGG A.
President & CIO
+ 1000
11.2 USD
2 years ago
May 13, 2022
Bought 210 K USD
Franz Keith S
CFO & Treasurer
+ 20000
10.5 USD
2 years ago
Mar 11, 2022
Bought 19.1 K USD
Pinero Eric A.
Chief Legal Officer
+ 1500
12.74 USD
3 years ago
Nov 24, 2021
Bought 141 K USD
Franz Keith S
CFO & Treasurer
+ 10000
14.13 USD
3 years ago
Nov 23, 2021
Bought 67.5 K USD
Franz Keith S
CFO & Treasurer
+ 5000
13.5 USD
3 years ago
Nov 23, 2021
Bought 50.1 K USD
Estrada Edward J.
Director
+ 3695
13.57 USD
3 years ago
Nov 23, 2021
Bought 43.3 K USD
BRESNER GREGG A.
President & CIO
+ 3200
13.54 USD
3 years ago
Nov 18, 2021
Bought 20 K USD
BRESNER GREGG A.
President & CIO
+ 1500
13.31 USD
3 years ago
Nov 18, 2021
Bought 67 K USD
BRESNER GREGG A.
President & CIO
+ 5130
13.06 USD
3 years ago
Nov 17, 2021
Bought 69.6 K USD
BRESNER GREGG A.
President & CIO
+ 5269
13.21 USD
3 years ago
Nov 17, 2021
Bought 40 K USD
ROMAN STEPHEN
CCO & Secretary
+ 3000
13.32 USD
12 years ago
Dec 17, 2012
Bought 1 M USD
Reisner Michael A
Co-CEO and Co-President
+ 111111.11
9 USD
12 years ago
Dec 17, 2012
Bought 1 M USD
Gatto Mark
Co-CEO and Co-President
+ 111111.11
9 USD
12 years ago
Dec 17, 2012
Bought 1 M USD
ICON Investment Group, LLC
10 percent owner
+ 111111.11
9 USD
7. News
SPE And PFO: Two 'Buy' Opportunities Based On Attractive Discounts Closed-end fund discounts/premiums, due to their structure, allow for potential opportunities to capitalize on mean reversion. CEFs also offer relatively higher distribution yields as they leverage their portfolios and payout sources of income, capital gains and/or return of capital. Today, we are giving SPE and PFO a look; these are two funds that, we believe, are attractively valued and provide monthly distribution to investors. seekingalpha.com - 1 week ago
Why BDCs Will Likely Outperform In 2025 The BDC sector had a lackluster H2 of 2024 after being on a strong run from 2022 to mid 2024. However, recently there has been some great news for BDCs to start 2025. We share our approach to BDCs right now. seekingalpha.com - 2 weeks ago
12-15% Dividend Yields And Big Buybacks Double-digit yielding stocks that also repurchase shares have plenty of inherent advantages. I share some dividend stocks that meet these criteria. I take a look at them to see if they are worth buying right now. seekingalpha.com - 2 weeks ago
2 BDCs With 20%+ Discount To NAV: 1 To Buy, 1 To Avoid The primary return source of BDC investments is dividend income. Yet, when there is a mismatch between price and value, it is possible to pocket attractive price returns as well. In this article, I share two BDCs that trade at 20%+ discount to their NAV and offer dividend yield starting from 13%. seekingalpha.com - 3 weeks ago
I'm Not Married To CION Investment CION Investment Corporation is downgraded to a hold due to financial pressure from smaller borrowers and expected volatility in the coming quarters. The business development company's Q3 performance showed declines in net investment and total investment income, with significant unrealized losses impacting NAV. Despite headwinds, CION's balance sheet remains strong with well-staggered debt, active share repurchases, and a safe base dividend. seekingalpha.com - 3 weeks ago
Is the Options Market Predicting a Spike in CION Investment (CION) Stock? Investors need to pay close attention to CION Investment (CION) stock based on the movements in the options market lately. zacks.com - 3 weeks ago
CION Investment Corporation: Deep Discount And Tempting Yield But Riskier Income-focused investors could consider CION Investment Corporation for its high yields, but there are definitely risks to consider. CION offers a 12.55% dividend yield and trades at a significant discount of over 27% to its last reported net asset value per share. One of the risks includes higher relative non-accruals and significant payment-in-kind income, though they add that PIK is part of their overall strategy. seekingalpha.com - 1 month ago
CION Investment Corporation Announces Year-End Special Distribution of $0.05 Per Share NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) today announced that it has declared a special distribution for the year ending December 31, 2024 in the amount of $0.05 per share, payable on January 27, 2025 to shareholders of record as of December 30, 2024, which results in total distributions declared in 2024 of $1.52 per share. The special distribution represents a portion of the Company's investment company taxable income generated through the course of the year. businesswire.com - 1 month ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024 NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024. globenewswire.com - 1 month ago
Invest In $95,000 BDC Portfolio For $10,000 Annual Income And Durable Compounding Private credit/BDC investments offer exposure to structural growth and a significant portfolio yield enhancement. Yet, we have to be extra careful of not falling into value traps and investing in unsustainable yields, which are abundant in the inherently risky sector. In this article, I share a BDC portfolio that has ~10.5% yield, healthier fundamentals than the average in the space, and, importantly, meaningful price appreciation potential. seekingalpha.com - 1 month ago
CION Investment: Double-Digit Yield Is Safer Than It Seems CION Investment offers a high regular dividend yield exceeding 12%, supported by a solid dividend coverage of 124%, despite sensitivity to interest rate changes. The company primarily invests in first-lien debt, ensuring high repayment priority, but has seen a slight increase in non-accruals to 1.8% at fair value. CION's valuation is attractive due to trading at a discount to its Net Asset Value, though this raises concerns about its capital-gathering effectiveness. seekingalpha.com - 1 month ago
Dividend Cut Alert: 13-14% Yields Getting Too Risky Sky-high dividends of 13-14% are appealing but often come with significant risks. I discuss two stocks that have fully covered 13% and 14% yields that have a lot going for them and look deeply undervalued. However, I believe their dividends are at risk of getting cut soon. seekingalpha.com - 2 months ago
8. Profile Summary

CION Investment Corporation CION

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COUNTRY US
INDUSTRY Asset Management
MARKET CAP $ 626 M
Dividend Yield 3.45%
Description 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 $25 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.
Contact 3 Park Avenue, New York, NY, 10016 https://www.cionbdc.com
IPO Date Oct. 5, 2021
Employees None
Officers Mr. Mark Gatto J.D. Co-Founder, Co-Chairman & Co-Chief Executive Officer Mr. Charles Douglas Arestia MD & Head of Investor Relations Mr. Nicholas Tzoumas Director Mr. Keith Scott Franz CPA MD, Chief Financial Officer & Treasurer Mr. Michael A. Reisner Esq., J.D. Co-Founder & Co-Chairman & Co-Chief Executive Officer Mr. Joe Elsabee Managing Director Mr. Stephen Roman Chief Compliance Officer & Counsel Ms. Aditi Budhia Senior Vice President Mr. Gregg A. Bresner CFA President & Chief Investment Officer Mr. Eric Anthony Pinero Chief Legal Officer