HERCULES CAPITAL INC (HTGC) Fundamental Analysis & Valuation

NYSE:HTGC • US4270965084

Current stock price

14.545 USD
-0.02 (-0.1%)
Last:

This HTGC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. HTGC Profitability Analysis

1.1 Basic Checks

  • HTGC had positive earnings in the past year.
  • In the past year HTGC has reported a negative cash flow from operations.
  • In the past 5 years HTGC has always been profitable.
  • In multiple years HTGC reported negative operating cash flow during the last 5 years.
HTGC Yearly Net Income VS EBIT VS OCF VS FCFHTGC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M

1.2 Ratios

  • The Return On Assets of HTGC (7.35%) is better than 77.08% of its industry peers.
  • Looking at the Return On Equity, with a value of 15.20%, HTGC is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • HTGC has a Return On Invested Capital of 6.00%. This is in the better half of the industry: HTGC outperforms 74.17% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for HTGC is in line with the industry average of 7.25%.
Industry RankSector Rank
ROA 7.35%
ROE 15.2%
ROIC 6%
ROA(3y)7.97%
ROA(5y)6.77%
ROE(3y)15.61%
ROE(5y)13.42%
ROIC(3y)6.67%
ROIC(5y)5.93%
HTGC Yearly ROA, ROE, ROICHTGC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • HTGC's Profit Margin of 63.24% is amongst the best of the industry. HTGC outperforms 93.33% of its industry peers.
  • HTGC's Profit Margin has declined in the last couple of years.
  • HTGC has a better Operating Margin (64.17%) than 96.67% of its industry peers.
  • HTGC's Operating Margin has improved in the last couple of years.
  • HTGC has a Gross Margin of 80.62%. This is amongst the best in the industry. HTGC outperforms 85.83% of its industry peers.
  • HTGC's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 64.17%
PM (TTM) 63.24%
GM 80.62%
OM growth 3Y3.15%
OM growth 5Y3.25%
PM growth 3Y26.79%
PM growth 5Y-4.23%
GM growth 3Y0.01%
GM growth 5Y1%
HTGC Yearly Profit, Operating, Gross MarginsHTGC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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2

2. HTGC Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for HTGC has been increased compared to 1 year ago.
  • HTGC has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, HTGC has a worse debt to assets ratio.
HTGC Yearly Shares OutstandingHTGC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
HTGC Yearly Total Debt VS Total AssetsHTGC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • HTGC has an Altman-Z score of 1.07. This is a bad value and indicates that HTGC is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of HTGC (1.07) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.03 is on the high side and indicates that HTGC has dependencies on debt financing.
  • HTGC has a Debt to Equity ratio of 1.03. This is comparable to the rest of the industry: HTGC outperforms 50.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.03
Debt/FCF N/A
Altman-Z 1.07
ROIC/WACCN/A
WACCN/A
HTGC Yearly LT Debt VS Equity VS FCFHTGC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B

2.3 Liquidity

  • HTGC has a Current Ratio of 1.16. This is a normal value and indicates that HTGC is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.16, HTGC is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • A Quick Ratio of 1.16 indicates that HTGC should not have too much problems paying its short term obligations.
  • HTGC's Quick ratio of 1.16 is in line compared to the rest of the industry. HTGC outperforms 54.17% of its industry peers.
Industry RankSector Rank
Current Ratio 1.16
Quick Ratio 1.16
HTGC Yearly Current Assets VS Current LiabilitesHTGC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. HTGC Growth Analysis

3.1 Past

  • HTGC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.48%.
  • Measured over the past 5 years, HTGC shows a small growth in Earnings Per Share. The EPS has been growing by 6.52% on average per year.
  • Looking at the last year, HTGC shows a very negative growth in Revenue. The Revenue has decreased by -13.44% in the last year.
  • HTGC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.13% yearly.
EPS 1Y (TTM)-4.48%
EPS 3Y9.06%
EPS 5Y6.52%
EPS Q2Q%-2.04%
Revenue 1Y (TTM)-13.44%
Revenue growth 3Y18.29%
Revenue growth 5Y13.13%
Sales Q2Q%12.85%

3.2 Future

  • Based on estimates for the next years, HTGC will show a decrease in Earnings Per Share. The EPS will decrease by -0.22% on average per year.
  • HTGC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.28% yearly.
EPS Next Y5.31%
EPS Next 2Y3.42%
EPS Next 3Y-0.22%
EPS Next 5YN/A
Revenue Next Year9%
Revenue Next 2Y6.9%
Revenue Next 3Y4.28%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
HTGC Yearly Revenue VS EstimatesHTGC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M
HTGC Yearly EPS VS EstimatesHTGC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2

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6

4. HTGC Valuation Analysis

4.1 Price/Earnings Ratio

  • HTGC is valuated cheaply with a Price/Earnings ratio of 7.58.
  • Compared to the rest of the industry, the Price/Earnings ratio of HTGC indicates a somewhat cheap valuation: HTGC is cheaper than 75.42% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.51. HTGC is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 7.19, which indicates a rather cheap valuation of HTGC.
  • Based on the Price/Forward Earnings ratio, HTGC is valued cheaply inside the industry as 84.58% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 22.76. HTGC is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.58
Fwd PE 7.19
HTGC Price Earnings VS Forward Price EarningsHTGC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • HTGC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HTGC is cheaper than 77.50% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.34
HTGC Per share dataHTGC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of HTGC may justify a higher PE ratio.
PEG (NY)1.43
PEG (5Y)1.16
EPS Next 2Y3.42%
EPS Next 3Y-0.22%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. HTGC Dividend Analysis

5.1 Amount

  • HTGC has a Yearly Dividend Yield of 11.38%, which is a nice return.
  • In the last 3 months the price of HTGC has falen by -22.80%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 6.85, HTGC pays a bit more dividend than its industry peers.
  • HTGC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 11.38%

5.2 History

  • The dividend of HTGC is nicely growing with an annual growth rate of 6.10%!
  • HTGC has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.1%
Div Incr Years0
Div Non Decr Years0
HTGC Yearly Dividends per shareHTGC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • HTGC pays out 96.80% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of HTGC has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP96.8%
EPS Next 2Y3.42%
EPS Next 3Y-0.22%
HTGC Yearly Income VS Free CF VS DividendHTGC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M
HTGC Dividend Payout.HTGC Dividend Payout, showing the Payout Ratio.HTGC Dividend Payout.PayoutRetained Earnings

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HTGC Fundamentals: All Metrics, Ratios and Statistics

HERCULES CAPITAL INC

NYSE:HTGC (4/2/2026, 10:30:01 AM)

14.545

-0.02 (-0.1%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)04-29
Inst Owners29.27%
Inst Owner Change7.37%
Ins Owners1.94%
Ins Owner Change7.28%
Market Cap2.67B
Revenue(TTM)532.49M
Net Income(TTM)336.77M
Analysts82.67
Price Target20.2 (38.88%)
Short Float %7.21%
Short Ratio4.29
Dividend
Industry RankSector Rank
Dividend Yield 11.38%
Yearly Dividend1.85
Dividend Growth(5Y)6.1%
DP96.8%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-25
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.03%
Min EPS beat(2)-4.39%
Max EPS beat(2)0.34%
EPS beat(4)2
Avg EPS beat(4)-1.26%
Min EPS beat(4)-5.01%
Max EPS beat(4)4.02%
EPS beat(8)2
Avg EPS beat(8)-1.97%
EPS beat(12)6
Avg EPS beat(12)0.56%
EPS beat(16)8
Avg EPS beat(16)0.88%
Revenue beat(2)1
Avg Revenue beat(2)-1.37%
Min Revenue beat(2)-2.99%
Max Revenue beat(2)0.25%
Revenue beat(4)2
Avg Revenue beat(4)-0.92%
Min Revenue beat(4)-4.12%
Max Revenue beat(4)3.19%
Revenue beat(8)3
Avg Revenue beat(8)-1.82%
Revenue beat(12)7
Avg Revenue beat(12)3.76%
Revenue beat(16)9
Avg Revenue beat(16)2.91%
PT rev (1m)-2.46%
PT rev (3m)-4.81%
EPS NQ rev (1m)-1.83%
EPS NQ rev (3m)-4.67%
EPS NY rev (1m)-1.76%
EPS NY rev (3m)-1.65%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)-0.23%
Revenue NY rev (1m)0.77%
Revenue NY rev (3m)0.51%
Valuation
Industry RankSector Rank
PE 7.58
Fwd PE 7.19
P/S 5.02
P/FCF N/A
P/OCF N/A
P/B 1.21
P/tB 1.21
EV/EBITDA 14.34
EPS(TTM)1.92
EY13.2%
EPS(NY)2.02
Fwd EY13.9%
FCF(TTM)-2.32
FCFYN/A
OCF(TTM)-2.32
OCFYN/A
SpS2.9
BVpS12.06
TBVpS12.06
PEG (NY)1.43
PEG (5Y)1.16
Graham Number22.83
Profitability
Industry RankSector Rank
ROA 7.35%
ROE 15.2%
ROCE 7.59%
ROIC 6%
ROICexc 6.07%
ROICexgc 6.08%
OM 64.17%
PM (TTM) 63.24%
GM 80.62%
FCFM N/A
ROA(3y)7.97%
ROA(5y)6.77%
ROE(3y)15.61%
ROE(5y)13.42%
ROIC(3y)6.67%
ROIC(5y)5.93%
ROICexc(3y)6.83%
ROICexc(5y)6.09%
ROICexgc(3y)6.85%
ROICexgc(5y)6.1%
ROCE(3y)8.44%
ROCE(5y)7.51%
ROICexgc growth 3Y6.57%
ROICexgc growth 5Y3.09%
ROICexc growth 3Y6.55%
ROICexc growth 5Y3.09%
OM growth 3Y3.15%
OM growth 5Y3.25%
PM growth 3Y26.79%
PM growth 5Y-4.23%
GM growth 3Y0.01%
GM growth 5Y1%
F-Score1
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 1.03
Debt/FCF N/A
Debt/EBITDA 6.68
Cap/Depr 26.41%
Cap/Sales 0.02%
Interest Coverage 4.09
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.16
Quick Ratio 1.16
Altman-Z 1.07
F-Score1
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)214.85%
Cap/Depr(5y)145.57%
Cap/Sales(3y)0.12%
Cap/Sales(5y)0.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.48%
EPS 3Y9.06%
EPS 5Y6.52%
EPS Q2Q%-2.04%
EPS Next Y5.31%
EPS Next 2Y3.42%
EPS Next 3Y-0.22%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.44%
Revenue growth 3Y18.29%
Revenue growth 5Y13.13%
Sales Q2Q%12.85%
Revenue Next Year9%
Revenue Next 2Y6.9%
Revenue Next 3Y4.28%
Revenue Next 5YN/A
EBIT growth 1Y-15.62%
EBIT growth 3Y22.02%
EBIT growth 5Y16.82%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-258.51%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-260.58%
OCF growth 3YN/A
OCF growth 5YN/A

HERCULES CAPITAL INC / HTGC Fundamental Analysis FAQ

What is the fundamental rating for HTGC stock?

ChartMill assigns a fundamental rating of 4 / 10 to HTGC.


What is the valuation status for HTGC stock?

ChartMill assigns a valuation rating of 6 / 10 to HERCULES CAPITAL INC (HTGC). This can be considered as Fairly Valued.


Can you provide the profitability details for HERCULES CAPITAL INC?

HERCULES CAPITAL INC (HTGC) has a profitability rating of 6 / 10.


What are the PE and PB ratios of HERCULES CAPITAL INC (HTGC) stock?

The Price/Earnings (PE) ratio for HERCULES CAPITAL INC (HTGC) is 7.58 and the Price/Book (PB) ratio is 1.21.


What is the expected EPS growth for HERCULES CAPITAL INC (HTGC) stock?

The Earnings per Share (EPS) of HERCULES CAPITAL INC (HTGC) is expected to grow by 5.31% in the next year.