BLACKROCK TCP CAPITAL CORP (TCPC) Stock Fundamental Analysis
USA - NASDAQ:TCPC - US09259E1082 - Common Stock
5.87 USD
+0.15 (+2.62%)
5.87 USD
0 (0%)
Taking everything into account, TCPC scores 4 out of 10 in our fundamental rating. TCPC was compared to 237 industry peers in the Capital Markets industry. TCPC has only an average score on both its financial health and profitability. TCPC has a valuation in line with the averages, but on the other hand it scores bad on growth.
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.
Of the past 5 years TCPC 4 years had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of -0.62%, TCPC is not doing good in the industry: 76.79% of the companies in the same industry are doing better.
TCPC has a Return On Equity of -1.61%. This is in the lower half of the industry: TCPC underperforms 75.53% of its industry peers.
TCPC's Return On Invested Capital of 5.28% is fine compared to the rest of the industry. TCPC outperforms 68.35% of its industry peers.
TCPC had an Average Return On Invested Capital over the past 3 years of 4.88%. This is below the industry average of 7.48%.
The last Return On Invested Capital (5.28%) for TCPC is above the 3 year average (4.88%), which is a sign of increasing profitability.
| 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 better Operating Margin (53.43%) than 91.56% of its industry peers.
TCPC's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 59.23%, TCPC is doing good in the industry, outperforming 70.04% of the companies in the same industry.
In the last couple of years the Gross Margin of TCPC has remained more or less at the same level.
| 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
TCPC has more shares outstanding than it did 5 years ago.
TCPC has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of -0.08, we must say that TCPC is in the distress zone and has some risk of bankruptcy.
TCPC has a Altman-Z score of -0.08. This is in the lower half of the industry: TCPC underperforms 77.22% of its industry peers.
The Debt to FCF ratio of TCPC is 6.39, which is on the high side as it means it would take TCPC, 6.39 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 6.39, TCPC is doing good in the industry, outperforming 68.35% of the companies in the same industry.
A Debt/Equity ratio of 1.59 is on the high side and indicates that TCPC has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.59, TCPC is doing worse than 74.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.59 | ||
| Debt/FCF | 6.39 | ||
| Altman-Z | -0.08 |
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 has a Current ratio of 5.30. This is amongst the best in the industry. TCPC outperforms 88.19% 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 88.19% 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 -20.36%.
TCPC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.37% yearly.
The Revenue has grown by 23.94% in the past year. This is a very strong growth!
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)-20.36%
EPS 3Y8.06%
EPS 5Y-0.37%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)23.94%
Revenue growth 3Y16.26%
Revenue growth 5Y5.85%
Sales Q2Q%32.7%
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 -19.28% yearly.
The Revenue is expected to decrease by -11.26% on average over the next years. This is quite bad
EPS Next Y-22.38%
EPS Next 2Y-23.46%
EPS Next 3Y-19.28%
EPS Next 5YN/A
Revenue Next Year-20.48%
Revenue Next 2Y-14.15%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 4.41, the valuation of TCPC can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of TCPC indicates a rather cheap valuation: TCPC is cheaper than 95.36% of the companies listed in the same industry.
TCPC is valuated cheaply when we compare the Price/Earnings ratio to 26.35, which is the current average of the S&P500 Index.
TCPC is valuated cheaply with a Price/Forward Earnings ratio of 6.30.
Based on the Price/Forward Earnings ratio, TCPC is valued cheaper than 93.25% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 33.72, TCPC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.41 | ||
| Fwd PE | 6.3 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, TCPC is valued cheaper than 89.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.71 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as TCPC's earnings are expected to decrease with -19.28% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-23.46%
EPS Next 3Y-19.28%
5. Dividend
5.1 Amount
TCPC has a Yearly Dividend Yield of 17.48%, which is a nice return.
TCPC's Dividend Yield is rather good when compared to the industry average which is at 8.46. TCPC pays more dividend than 91.98% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, TCPC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.48% |
5.2 History
The dividend of TCPC has a limited annual growth rate of 3.58%.
TCPC has been paying a dividend for at least 10 years, so it has 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-23.46%
EPS Next 3Y-19.28%
5.87
+0.15 (+2.62%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners23.07%
Inst Owner Change7.43%
Ins Owners0.21%
Ins Owner Change0.42%
Market Cap499.18M
Revenue(TTM)259.44M
Net Income(TTM)-11.93M
Analysts46.67
Price Target7.31 (24.53%)
Short Float %3.37%
Short Ratio4.29
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.48% |
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)0%
PT rev (3m)-2.27%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.37%
EPS NY rev (1m)0%
EPS NY rev (3m)-8.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.51%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.41 | ||
| Fwd PE | 6.3 | ||
| P/S | 2.08 | ||
| P/FCF | 2.71 | ||
| P/OCF | 2.71 | ||
| P/B | 0.67 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.33
EY22.66%
EPS(NY)0.93
Fwd EY15.87%
FCF(TTM)2.16
FCFY36.85%
OCF(TTM)2.16
OCFY36.85%
SpS2.82
BVpS8.71
TBVpS8.71
PEG (NY)N/A
PEG (5Y)N/A
Graham Number16.14
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%
ROICexgc growth 3Y22.56%
ROICexgc 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 | -0.08 |
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)-20.36%
EPS 3Y8.06%
EPS 5Y-0.37%
EPS Q2Q%-16.67%
EPS Next Y-22.38%
EPS Next 2Y-23.46%
EPS Next 3Y-19.28%
EPS Next 5YN/A
Revenue 1Y (TTM)23.94%
Revenue growth 3Y16.26%
Revenue growth 5Y5.85%
Sales Q2Q%32.7%
Revenue Next Year-20.48%
Revenue Next 2Y-14.15%
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%
BLACKROCK TCP CAPITAL CORP / TCPC FAQ
What is the fundamental rating for TCPC stock?
ChartMill assigns a fundamental rating of 4 / 10 to TCPC.
Can you provide the valuation status for BLACKROCK TCP CAPITAL CORP?
ChartMill assigns a valuation rating of 6 / 10 to BLACKROCK TCP CAPITAL CORP (TCPC). This can be considered as Fairly Valued.
What is the profitability of TCPC stock?
BLACKROCK TCP CAPITAL CORP (TCPC) has a profitability rating of 4 / 10.
What is the expected EPS growth for BLACKROCK TCP CAPITAL CORP (TCPC) stock?
The Earnings per Share (EPS) of BLACKROCK TCP CAPITAL CORP (TCPC) is expected to decline by -22.38% in the next year.
How sustainable is the dividend of BLACKROCK TCP CAPITAL CORP (TCPC) stock?
The dividend rating of BLACKROCK TCP CAPITAL CORP (TCPC) is 5 / 10 and the dividend payout ratio is -971.28%.