Pearl Diver Credit Company Inc. (PDCC) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 18.86%
• Average Volume (3M): 3.31K
• Price to Earnings (P/E): 8.4
• Beta (1Y): 0.06
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): -0.64
• Shares Outstanding: 6,803,959
• 10 Day Avg. Volume: 1,653
• 30 Day Avg. Volume: 3,305
• PEG Ratio: -1.10
• Price to Book (P/B): 1.21
• Price to Sales (P/S): 9.35
• P/FCF Ratio: -0.97
• Enterprise Value/Market Cap: 10.00T>
• Enterprise Value/Revenue: 10.60
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: 14.75
• 1Y Price Target: $17.50
• Price Target Upside: 26.45% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: $15.00 ▲(8.38% Upside)

The score is mainly held back by weak cash flow quality (negative operating and deeply negative free cash flow) despite strong reported profitability and a conservatively leveraged balance sheet. Technicals are also bearish with the stock trading below key moving averages and negative MACD. Valuation supports the score with a low P/E and very high dividend yield.

Pearl Diver Credit Company Inc. Business Overview & Revenue Model

Company Description

Pearl Diver Credit Co., Inc. operates as an investment company. It focuses on the investing in collateralized loan obligations securities. The company was founded on April 12, 2023 and is headquartered in New York, NY.

How the Company Makes Money

Pearl Diver Credit Company Inc. Financial Statement Overview

Summary

Strong reported profitability and a very low-leverage balance sheet, but cash flow is a major weakness: 2024 operating cash flow turned negative and free cash flow was deeply negative despite positive net income. Results also appear volatile year to year, reducing confidence in earnings quality and sustainability.

Income Statement

2024 shows strong profitability on reported revenue ($17.5M) with very high gross profit and operating profitability (EBIT margin ~86.6%) and a solid net margin (~38.7%). However, results look volatile year to year: 2023 revenue was much smaller ($2.2M) while net income was unusually large relative to revenue, which raises questions about the sustainability and mix of earnings. Overall, profitability is strong but the revenue/earnings profile appears inconsistent.

Balance Sheet

The balance sheet is conservatively positioned with low leverage: 2024 total debt is ~$6.6M against ~$135.2M of equity (debt-to-equity ~0.05). Asset base expanded to ~$179.1M and equity increased versus 2023, supporting financial flexibility. The main weakness is only moderate return on equity (~5.0% in 2024, down from ~8.7% in 2023), suggesting the larger capital base is not yet translating into proportionally higher earnings.

Cash Flow

Cash generation deteriorated sharply in 2024: operating cash flow turned negative (~-$9.7M) and free cash flow was deeply negative (~-$168.4M) despite positive net income (~$6.8M), indicating earnings did not convert into cash and/or there were large cash uses. 2023 cash flow was positive but modest (~$2.2M operating and free cash flow). Overall, cash flow quality and stability are the key financial risk in the current period.

Breakdown	Dec 2024	Dec 2023
Income Statement
Total Revenue	17.49M	2.24M
Gross Profit	17.42M	2.24M
EBITDA	15.15M	8.40M
Net Income	6.77M	8.38M
Balance Sheet
Total Assets	179.07M	96.46M
Cash, Cash Equivalents and Short-Term Investments	188.06K	19.49M
Total Debt	6.64M	0.00
Total Liabilities	43.86M	18.76K
Stockholders Equity	135.22M	96.44M
Cash Flow
Free Cash Flow	-168.35M	2.17M
Operating Cash Flow	-9.71M	2.17M
Investing Cash Flow	-152.72M	-70.75M
Financing Cash Flow	162.62M	88.06M

Pearl Diver Credit Company Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PDCC	62 Neutral	―	8.42	10.51%	18.86%	―	―
MLCI	60 Neutral	$6.87M	-4.14	-25.88%	1.07%	66.65%	-1497.99%
RMCO	50 Neutral	$61.85M	-168.38	-2.53%	0.20%	261.58%	-329.41%
CWD	45 Neutral	$9.18M	-0.07	-1438.14%	―	-62.09%	-99.89%
ATON	41 Neutral	$12.29M	-0.01	―	―	―	―
BTTC	34 Underperform	$21.72M	-0.91	-109.09%	―	―	60.78%

Pearl Diver Credit Company Inc. Corporate Events

Pearl Diver Credit Reports Year-End 2025 NAV Update

Pearl Diver Credit Company Inc. reported that its management’s unaudited net asset value per share of common stock was $14.41 as of December 31, 2025, providing investors with an updated measure of the company’s per‑share value at year-end 2025.

The most recent analyst rating on (PDCC) stock is a Hold with a $14.50 price target. To see the full list of analyst forecasts on Pearl Diver Credit Company Inc. stock, see the PDCC Stock Forecast page.

Pearl Diver Credit Updates November 2025 Valuation

Pearl Diver Credit Company Inc. announced that its unaudited net asset value per share of common stock was $14.97 as of November 30, 2025. This financial update provides stakeholders with insight into the company’s valuation and financial health at that point in time.

The most recent analyst rating on (PDCC) stock is a Buy with a $17.50 price target. To see the full list of analyst forecasts on Pearl Diver Credit Company Inc. stock, see the PDCC Stock Forecast page.

Pearl Diver Credit Announces October Net Asset Value

Pearl Diver Credit Company Inc. announced that the unaudited net asset value per share of its common stock was $16.50 as of October 31, 2025. This financial update provides stakeholders with insight into the company’s valuation and financial health at the end of October, potentially impacting investor perceptions and market positioning.

The most recent analyst rating on (PDCC) stock is a Buy with a $19.50 price target. To see the full list of analyst forecasts on Pearl Diver Credit Company Inc. stock, see the PDCC Stock Forecast page.