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NASDAQ: NEWT
Newtekone Inc Stock

$11.39-0.08 (-0.7%)
Updated Feb 21, 2024
NEWT Price
$11.39
Fair Value Price
$19.18
Market Cap
$280.74M
52 Week Low
$10.75
52 Week High
$19.53
P/E
11.28x
P/B
1.24x
P/S
2.19x
PEG
N/A
Dividend Yield
6.32%
Revenue
$166.20M
Earnings
$26.32M
Gross Margin
100%
Operating Margin
21.61%
Profit Margin
15.2%
Debt to Equity
5.08
Operating Cash Flow
-$52M
Beta
0.99
Next Earnings
Mar 5, 2024
Ex-Dividend
N/A
Next Dividend
N/A

NEWT Overview

Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments. Under debt investments, it focuses on first lien loans, which have terms of 1 to 25 years; second lien loans, which have terms of 5 to 25 years, and unsecured loans, which are provided to meet short-term funding needs and are repaid within 6 to 12 months. It operates through Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, and Capcos segments. The company originates small business administration loans for the purpose of acquiring commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions; and offers small business loan servicing and consulting services to the Federal Deposit Insurance Corporation and various other financial institutions, as well as provides management services. Its electronic payment processing services include credit and debit card processing, check approval, ancillary processing equipment and software to merchants, eCommerce, electronic solutions to accept non-cash payments, check conversion, remote deposit capture, ACH processing, and electronic gift and loyalty card programs. The company also provides Website hosting, dedicated server, and cloud hosting services; Web design and development; Internet marketing; data storage and backup and other related services; and ecommerce services, such as payment processing, online shopping cart tools, Website design and Web related services; Accounts Receivable Financing, and The Secure Gateway. In addition, it offers Newtek Advantage, a mobile, real-time operating platform enabling a business to access data on a smartphone, tablet, laptop, or PC for eCommerce, credit/debit transactions, Website statistics, payroll, insurance, and business loans. Further, the company sells personal, commercial, and health/benefits lines of insurance products; and payroll management processing and employee tax filing services. It has strategic alliances with American International Group, CTAA, Navy Federal Credit Union, Credit Union National Association, Pershing, and others to provide agent services to small business clients. The firm seeks to invest in New York and Louisiana area. The firm seeks to invest $0.3 million to $3 million in businesses. It provides small business terms loans ranging from $0.05 million to $10 million. The firm also provides account receivable financing ranging from $0.05 million to $1.5 million. It also provides $0.05 million to $10 million financing to owner occupied real estate businesses whose average net income over the last 2 years must not exceed $2.5 million. Newtek Business Services Corp.,was founded in 1998 and converted to a BDC company in 2014 and is headquartered in Boca Raton, Florida with additional offices in Lake Success, New York, Garden City, New York; Miami, Florida; Milwaukee, Wisconsin; New Orleans, Louisiana; and New York, New York.

Zen Score

Industry Average (35)
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Due Diligence Checks

NEWT ($11.39) is undervalued by 40.61% relative to our estimate of its Fair Value price of $19.18 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
NEWT ($11.39) is significantly undervalued by 40.61% relative to our estimate of its Fair Value price of $19.18 based on Discounted Cash Flow (DCF) modelling, which includes a healthy margin of safety
Significantly Below Fair Value Valuation
NEWT was unprofitable, so we... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
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NEWT News

Valuation

NEWT fair value

Fair Value of NEWT stock based on Discounted Cash Flow (DCF)
Price
$11.39
Fair Value
$19.18
Undervalued by
40.61%
NEWT ($11.39) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
NEWT ($11.39) is significantly undervalued... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
NEWT was unprofitable, so we... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

NEWT price to earnings (PE)

For valuing profitable companies with steady earnings
Company
11.28x
Industry
-7.62x
Market
28.8x
NEWT is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
NEWT is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

NEWT price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
1.24x
Industry
1x
NEWT is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation

NEWT's financial health

Profit margin

Revenue
$47.5M
Net Income
$10.0M
Profit Margin
20.1%
NEWT's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$1.4B
Liabilities
$1.2B
Debt to equity
5.08
NEWT's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
NEWT's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$88.2M
Investing
-$50.5M
Financing
-$70.3M

NEWT vs Bank Stocks

TickerMarket Cap1d %P/EP/B
NEWT$280.74M-0.70%11.28x1.24x
MVBF$280.72M-2.56%9.30x1.03x
CZNC$283.04M-2.58%10.35x1.18x
BMRC$278.24M-1.20%8.58x0.66x
INBK$278.07M-1.65%27.03x0.80x

Newtekone Stock FAQ

What is Newtekone's quote symbol?

(NASDAQ: NEWT) Newtekone trades on the NASDAQ under the ticker symbol NEWT. Newtekone stock quotes can also be displayed as NASDAQ: NEWT.

If you're new to stock investing, here's how to buy Newtekone stock.

What is the 52 week high and low for Newtekone (NASDAQ: NEWT)?

(NASDAQ: NEWT) Newtekone's 52-week high was $19.53, and its 52-week low was $10.75. It is currently -41.69% from its 52-week high and 5.95% from its 52-week low.

How much is Newtekone stock worth today?

(NASDAQ: NEWT) Newtekone currently has 24,648,181 outstanding shares. With Newtekone stock trading at $11.39 per share, the total value of Newtekone stock (market capitalization) is $280.74M.

Newtekone stock was originally listed at a price of $31.90 in Sep 27, 2000. If you had invested in Newtekone stock at $31.90, your return over the last 23 years would have been -64.29%, for an annualized return of -4.38% (not including any dividends or dividend reinvestments).

How much is Newtekone's stock price per share?

(NASDAQ: NEWT) Newtekone stock price per share is $11.39 today (as of Feb 21, 2024).

What is Newtekone's Market Cap?

(NASDAQ: NEWT) Newtekone's market cap is $280.74M, as of Feb 23, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Newtekone's market cap is calculated by multiplying NEWT's current stock price of $11.39 by NEWT's total outstanding shares of 24,648,181.
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