Sound Point Meridian Capital, Inc. (SPMC) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Sound Point Meridian Capital, Inc. $8.22, price $8.50, upside -3.3%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 25, 2026.
How to read this chart
27‑month range $7.54 – $16.02 · fair‑value band $6.17 – $10.28 · the $8.50 price screens above the $8.22 fair value. Dashed = 300-day average. As of Sep 25, 2026.
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Sound Point Meridian Capital, LLC operates as a closed-end management investment company in the United States. It focuses on investing primarily in equity and mezzanine tranches of collateralized loan obligations, which are collateralized by portfolios consisting primarily of below-investment grade U.S. senior secured loans.
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Sound Point Meridian Capital, LLC operates as a closed-end management investment company in the United States. It focuses on investing primarily in equity and mezzanine tranches of collateralized loan obligations, which are collateralized by portfolios consisting primarily of below-investment grade U.S. senior secured loans. The company was founded in 2022 and is based in New York, New York.
Stock analysis
Sound Point Meridian Capital, Inc. (SPMC) currently trades at $8.50, while our model-based Fair Value estimate is $8.22, implying the stock looks roughly 3.4% fairly valued today.
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Valuation
How firm this estimate is: it rests on 6 models at a data quality of 88/100, which puts the evidence level at low.
Scenario range: $6.17 (bear) to $10.28 (bull), the price of $8.50 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sound Point Meridian Capital, Inc. reported revenue of −$108M in FY2025 versus $64.5M in FY2023. Reported net income was −$126M in FY2025.
Key figures
Market cap $175M · P/S ratio 2.84 · EPS (TTM) $−6.08 · Net margin −180% · Return on equity −43.5% · Return on assets (EBIT) 6,982% · Operating margin 68.5% · Revenue (TTM) $65.7M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at −3%, SPMC screens cheaper than that median.
Fair Value models
Bear $6.17Fair Value $8.22Bull $10.28
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.38/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Growth Forecast
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +19.5% a year for the price.
Compare Sound Point Meridian Capital, Inc. with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 656 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Bottom 25%
Fair Value upside−3% · Below median
Profitability
Return on assets7% · Top 25%
Net margin (TTM)−180% · Bottom 25%
Operating margin (TTM)69% · Above median
Growth and dividend
Revenue growth−35% · Bottom 25%
Dividend yield (TTM)31.0% · Top 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Sound Point Meridian Capital, Inc. Fair Value". https://www.fairvalue-calculator.com/stock/SPMC
Frequently asked questions
Is Sound Point Meridian Capital, Inc. (SPMC) overvalued or undervalued?
As of Sep 25, 2026, our model estimates a fair value of $8.22 versus a price of $8.50, about −3% upside (fairly valued).
What is the fair value of SPMC?
Our model-based fair value for Sound Point Meridian Capital, Inc. is $8.22 (as of Sep 25, 2026), built from audited fundamentals. The current price: $8.50.
What is the quality score of SPMC?
Sound Point Meridian Capital, Inc. has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sound Point Meridian Capital, Inc. (SPMC)?
Our model-based price target is the fair value of $8.22 (as of Sep 25, 2026) from 2 valuation models. Cautious scenario $6.17, optimistic scenario $10.28. It is a calculation from audited fundamentals, not an analyst target.
What is the Sound Point Meridian Capital, Inc. stock forecast for 2026?
Our models put fair value at $8.22, about −3% upside versus a price of $8.50 (fairly valued). Cautious scenario $6.17, optimistic scenario $10.28. The calculation is refreshed regularly with new filings.
What is the revenue of Sound Point Meridian Capital, Inc. (SPMC)?
Sound Point Meridian Capital, Inc. reported trailing-twelve-month revenue of about $65.7M (latest available figure, as of Sep 25, 2026).
What growth is priced into Sound Point Meridian Capital, Inc. (SPMC)?
For today's price to be fair in a discounted-cash-flow model, Sound Point Meridian Capital, Inc. would have to grow free cash flow by +22.3 % per year for five years (discount rate 13.2 %, then slowing evenly to 2 % perpetual growth by year ten). As of Sep 25, 2026.
What discount rate (WACC) does the fair value of SPMC use?
Our models discount Sound Point Meridian Capital, Inc. at 13.2 %: a base by market capitalisation (micro), damped by beta 1.15, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sound Point Meridian Capital, Inc. that is +22.3 % per year a year over ten years, using the same discount rate (13.2 %) and the same formula as our fair value.
How fast is the sector of Sound Point Meridian Capital, Inc. (SPMC) growing?
The median revenue growth in the sector is +8.5 % a year. That is the yardstick for the growth priced into Sound Point Meridian Capital, Inc. (+22.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sound Point Meridian Capital, Inc. (SPMC)?
The free-cash-flow yield on the price is 3.84 %: that much free cash flow Sound Point Meridian Capital, Inc. produces per unit of market value. When it exceeds the discount rate of our models (13.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sound Point Meridian Capital, Inc. (SPMC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sound Point Meridian Capital, Inc. it is $8.22 per share (as of Sep 25, 2026), against a price of $8.50. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Sound Point Meridian Capital, Inc. stock overvalued or undervalued in 2026?
As of Sep 25, 2026, SPMC trades above its calculated fair value: price $8.50, fair value $8.22, a gap of about −3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SPMC?
No. The price is what the market pays today ($8.50); the fair value is what the company's own numbers justify ($8.22). For Sound Point Meridian Capital, Inc. the two are $0.2800 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sound Point Meridian Capital, Inc. worth?
The market values Sound Point Meridian Capital, Inc. at about $175M (market capitalisation, as of Sep 25, 2026). Per share that is $8.50; our models calculate a fair value of $8.22 per share.
What do the bullish and bearish scenarios say about SPMC?
Our models span a range for Sound Point Meridian Capital, Inc.: cautious scenario $6.17, base $8.22, optimistic $10.28 per share (as of Sep 25, 2026, price $8.50). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sound Point Meridian Capital, Inc. (SPMC)?
Balance-sheet figures for Sound Point Meridian Capital, Inc. (as of Sep 25, 2026): return on equity −43.5%. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is SPMC from its 52-week high?
Sound Point Meridian Capital, Inc. trades at $8.50, about 41% below its 52-week high of $14.40 and 13% above the low of $7.54 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of $8.22 is for.
Which stocks are comparable to Sound Point Meridian Capital, Inc.?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sound Point Meridian Capital, Inc. stock attractive at the current price?
The data as of Sep 25, 2026: price $8.50, calculated fair value $8.22 (−3%), Quality Score 46/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SPMC calculated?
We run Sound Point Meridian Capital, Inc. through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $8.22, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Sound Point Meridian Capital, Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sound Point Meridian Capital, Inc. (SPMC)?
The closing price on Sep 24, 2026 was $8.50. Our model-based fair value is $8.22, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sound Point Meridian Capital, Inc. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Sound Point Meridian Capital, Inc.
How large is the market capitalisation of Sound Point Meridian Capital, Inc. (SPMC)?
The market capitalisation of Sound Point Meridian Capital, Inc. is $175M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sound Point Meridian Capital, Inc. (SPMC)?
The price-to-sales ratio of Sound Point Meridian Capital, Inc. is 2.84 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sound Point Meridian Capital, Inc. (SPMC)?
Earnings per share at Sound Point Meridian Capital, Inc. are $−6.08. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sound Point Meridian Capital, Inc. (SPMC)?
The net margin of Sound Point Meridian Capital, Inc. is −180% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sound Point Meridian Capital, Inc. (SPMC)?
The return on equity (ROE) of Sound Point Meridian Capital, Inc. is −43.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sound Point Meridian Capital, Inc. (SPMC)?
On an EBIT basis the return on assets of Sound Point Meridian Capital, Inc. is 6,982% (avg 3y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sound Point Meridian Capital, Inc. (SPMC)?
The operating margin of Sound Point Meridian Capital, Inc. is 68.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sound Point Meridian Capital, Inc. (SPMC)?
Revenue at Sound Point Meridian Capital, Inc. is growing −35.3% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sound Point Meridian Capital, Inc. (SPMC)?
Earnings per share at Sound Point Meridian Capital, Inc. are growing +75.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sound Point Meridian Capital, Inc. (SPMC) carry?
The net debt of Sound Point Meridian Capital, Inc. is $54.2M (fiscal year 2025, ≈ 8.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Sep 25, 2026