Tetragon Financial Group (LSE: TFG)

Last close As at 23/11/2024

USD12.70

0.00 (0.00%)

Market capitalisation

USD1,775m

Edison Investment Research is terminating coverage on Tetragon Financial Group (TFG). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

Latest Insights

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Tetragon Financial Group_resized

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 25.1 27.6 29.6
Relative 28.5 30.8 18.9
52 week high/low US$13.1/US$9.7

Overview

Tetragon Financial Group (Tetragon) reported a 1.3% return on equity (RoE) in H124, with its net asset value (NAV) per share increasing by 1.9% in US dollar total return (TR) terms, and further 3.8% to end-August. The portfolio continued to generate solid cash flow, predominantly from collateralised loan obligation (CLO) structures and through fees from asset management businesses, which Tetragon recycled back into the portfolio (mostly public stocks) and was a net investor in the period. Tetragon continues distributions to shareholders, with a dividend yield of 4.3% (above the peer average and on top of share repurchases). As a result, Tetragon increased the amount drawn on its revolving credit facility and its leverage at end-August 2024 stood at record-level of 13.1% of NAV.

Further insights

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Financials

Collateralised loan obligations (CLOs)

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