BLACKROCK TCP CAPITAL CORP (TCPC) Stock Fundamental Analysis
NASDAQ:TCPC - US09259E1082 - Common Stock
7.06 USD
-0.02 (-0.28%)
7.06 USD
0 (0%)
TCPC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 238 industry peers in the Capital Markets industry. Both the profitability and the financial health of TCPC get a neutral evaluation. Nothing too spectacular is happening here. TCPC has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
TCPC had positive earnings in the past year.
In the past year TCPC had a positive cash flow from operations.
In multiple years TCPC reported negative net income over the last 5 years.
TCPC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
TCPC has a worse Return On Assets (-0.62%) than 76.47% of its industry peers.
The Return On Equity of TCPC (-1.61%) is worse than 74.79% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.28%, TCPC is in the better half of the industry, outperforming 65.97% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TCPC is below the industry average of 7.60%.
The 3 year average ROIC (4.88%) for TCPC is below the current ROIC(5.28%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.62% | ||
| ROE | -1.61% | ||
| ROIC | 5.28% |
ROA(3y)-0.52%
ROA(5y)1.96%
ROE(3y)-1.23%
ROE(5y)4.36%
ROIC(3y)4.88%
ROIC(5y)4.36%
1.3 Margins
TCPC has a Operating Margin of 53.43%. This is amongst the best in the industry. TCPC outperforms 88.66% of its industry peers.
TCPC's Operating Margin has been stable in the last couple of years.
TCPC has a Gross Margin of 59.23%. This is in the better half of the industry: TCPC outperforms 68.49% of its industry peers.
TCPC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 53.43% | ||
| PM (TTM) | N/A | ||
| GM | 59.23% |
OM growth 3Y5.11%
OM growth 5Y0.96%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.92%
GM growth 5Y-0.19%
2. Health
2.1 Basic Checks
Compared to 1 year ago, TCPC has more shares outstanding
Compared to 5 years ago, TCPC has more shares outstanding
Compared to 1 year ago, TCPC has a worse debt to assets ratio.
2.2 Solvency
TCPC has an Altman-Z score of -0.02. This is a bad value and indicates that TCPC is not financially healthy and even has some risk of bankruptcy.
TCPC's Altman-Z score of -0.02 is on the low side compared to the rest of the industry. TCPC is outperformed by 74.37% of its industry peers.
TCPC has a debt to FCF ratio of 6.39. This is a slightly negative value and a sign of low solvency as TCPC would need 6.39 years to pay back of all of its debts.
TCPC has a Debt to FCF ratio of 6.39. This is in the better half of the industry: TCPC outperforms 64.71% of its industry peers.
TCPC has a Debt/Equity ratio of 1.59. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of TCPC (1.59) is worse than 73.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.59 | ||
| Debt/FCF | 6.39 | ||
| Altman-Z | -0.02 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
TCPC has a Current Ratio of 5.30. This indicates that TCPC is financially healthy and has no problem in meeting its short term obligations.
TCPC's Current ratio of 5.30 is amongst the best of the industry. TCPC outperforms 89.08% of its industry peers.
A Quick Ratio of 5.30 indicates that TCPC has no problem at all paying its short term obligations.
TCPC's Quick ratio of 5.30 is amongst the best of the industry. TCPC outperforms 89.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.3 | ||
| Quick Ratio | 5.3 |
3. Growth
3.1 Past
TCPC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -22.78%.
TCPC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.37% yearly.
Looking at the last year, TCPC shows a small growth in Revenue. The Revenue has grown by 3.11% in the last year.
Measured over the past years, TCPC shows a small growth in Revenue. The Revenue has been growing by 5.85% on average per year.
EPS 1Y (TTM)-22.78%
EPS 3Y8.06%
EPS 5Y-0.37%
EPS Q2Q%-26.19%
Revenue 1Y (TTM)3.11%
Revenue growth 3Y16.26%
Revenue growth 5Y5.85%
Sales Q2Q%-28.05%
3.2 Future
TCPC is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -18.79% yearly.
Based on estimates for the next years, TCPC will show a very negative growth in Revenue. The Revenue will decrease by -11.26% on average per year.
EPS Next Y-16.7%
EPS Next 2Y-22.7%
EPS Next 3Y-18.79%
EPS Next 5YN/A
Revenue Next Year-19.57%
Revenue Next 2Y-13.45%
Revenue Next 3Y-11.26%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 5.08, the valuation of TCPC can be described as very cheap.
Based on the Price/Earnings ratio, TCPC is valued cheaply inside the industry as 94.96% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.03. TCPC is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 7.43, which indicates a rather cheap valuation of TCPC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TCPC indicates a rather cheap valuation: TCPC is cheaper than 91.18% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.63, TCPC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.08 | ||
| Fwd PE | 7.43 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, TCPC is valued cheaply inside the industry as 86.97% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.26 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as TCPC's earnings are expected to decrease with -18.79% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-22.7%
EPS Next 3Y-18.79%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 14.08%, TCPC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.00, TCPC pays a better dividend. On top of this TCPC pays more dividend than 89.50% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, TCPC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.08% |
5.2 History
The dividend of TCPC has a limited annual growth rate of 3.58%.
TCPC has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.58%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
TCPC has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-971.28%
EPS Next 2Y-22.7%
EPS Next 3Y-18.79%
7.06
-0.02 (-0.28%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners23.45%
Inst Owner Change-6.08%
Ins Owners0.21%
Ins Owner Change4.09%
Market Cap600.38M
Analysts46.67
Price Target7.31 (3.54%)
Short Float %2.49%
Short Ratio4.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.08% |
Yearly Dividend1.72
Dividend Growth(5Y)3.58%
DP-971.28%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.43%
Min EPS beat(2)-5.91%
Max EPS beat(2)5.04%
EPS beat(4)1
Avg EPS beat(4)-3.74%
Min EPS beat(4)-9.18%
Max EPS beat(4)5.04%
EPS beat(8)3
Avg EPS beat(8)-3%
EPS beat(12)6
Avg EPS beat(12)0.46%
EPS beat(16)8
Avg EPS beat(16)1.2%
Revenue beat(2)0
Avg Revenue beat(2)-6.43%
Min Revenue beat(2)-7.43%
Max Revenue beat(2)-5.44%
Revenue beat(4)1
Avg Revenue beat(4)-4.31%
Min Revenue beat(4)-7.99%
Max Revenue beat(4)3.62%
Revenue beat(8)4
Avg Revenue beat(8)-2.02%
Revenue beat(12)7
Avg Revenue beat(12)0.01%
Revenue beat(16)8
Avg Revenue beat(16)-0.37%
PT rev (1m)-2.27%
PT rev (3m)-2.27%
EPS NQ rev (1m)0.23%
EPS NQ rev (3m)-8.77%
EPS NY rev (1m)-2.21%
EPS NY rev (3m)-0.56%
Revenue NQ rev (1m)-4.13%
Revenue NQ rev (3m)-17.36%
Revenue NY rev (1m)-5.24%
Revenue NY rev (3m)-5.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.08 | ||
| Fwd PE | 7.43 | ||
| P/S | 2.51 | ||
| P/FCF | 3.26 | ||
| P/OCF | 3.26 | ||
| P/B | 0.81 | ||
| P/tB | 0.81 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.39
EY19.69%
EPS(NY)0.95
Fwd EY13.46%
FCF(TTM)2.16
FCFY30.64%
OCF(TTM)2.16
OCFY30.64%
SpS2.82
BVpS8.71
TBVpS8.71
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.62% | ||
| ROE | -1.61% | ||
| ROCE | 6.68% | ||
| ROIC | 5.28% | ||
| ROICexc | 5.59% | ||
| ROICexgc | 5.66% | ||
| OM | 53.43% | ||
| PM (TTM) | N/A | ||
| GM | 59.23% | ||
| FCFM | 76.79% |
ROA(3y)-0.52%
ROA(5y)1.96%
ROE(3y)-1.23%
ROE(5y)4.36%
ROIC(3y)4.88%
ROIC(5y)4.36%
ROICexc(3y)5.16%
ROICexc(5y)4.54%
ROICexgc(3y)5.23%
ROICexgc(5y)4.6%
ROCE(3y)6.17%
ROCE(5y)5.51%
ROICexcg growth 3Y22.56%
ROICexcg growth 5Y4.85%
ROICexc growth 3Y22.5%
ROICexc growth 5Y4.81%
OM growth 3Y5.11%
OM growth 5Y0.96%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.92%
GM growth 5Y-0.19%
F-Score4
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.59 | ||
| Debt/FCF | 6.39 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.82 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 5.3 | ||
| Quick Ratio | 5.3 | ||
| Altman-Z | -0.02 |
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-22.78%
EPS 3Y8.06%
EPS 5Y-0.37%
EPS Q2Q%-26.19%
EPS Next Y-16.7%
EPS Next 2Y-22.7%
EPS Next 3Y-18.79%
EPS Next 5YN/A
Revenue 1Y (TTM)3.11%
Revenue growth 3Y16.26%
Revenue growth 5Y5.85%
Sales Q2Q%-28.05%
Revenue Next Year-19.57%
Revenue Next 2Y-13.45%
Revenue Next 3Y-11.26%
Revenue Next 5YN/A
EBIT growth 1Y8.58%
EBIT growth 3Y22.19%
EBIT growth 5Y6.87%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y6.2%
FCF growth 3YN/A
FCF growth 5Y128.56%
OCF growth 1Y6.2%
OCF growth 3YN/A
OCF growth 5Y128.56%