HERCULES CAPITAL INC (HTGC) Fundamental Analysis & Valuation

NYSE:HTGC • US4270965084

Current stock price

14.535 USD
+0.47 (+3.38%)
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.
  • Each year in the past 5 years HTGC has been profitable.
  • The reported operating cash flow has been mixed in the past 5 years: HTGC reported negative operating cash flow in multiple 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

  • With a decent Return On Assets value of 7.35%, HTGC is doing good in the industry, outperforming 77.27% of the companies in the same industry.
  • HTGC has a better Return On Equity (15.20%) than 75.62% of its industry peers.
  • HTGC has a better Return On Invested Capital (6.00%) than 75.21% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for HTGC is in line with the industry average of 7.15%.
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

  • With an excellent Profit Margin value of 63.24%, HTGC belongs to the best of the industry, outperforming 93.80% of the companies in the same industry.
  • HTGC's Profit Margin has declined in the last couple of years.
  • HTGC has a Operating Margin of 64.17%. This is amongst the best in the industry. HTGC outperforms 96.69% of its industry peers.
  • HTGC's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 80.62%, HTGC belongs to the top of the industry, outperforming 85.95% of the companies in the same industry.
  • In the last couple of years the Gross Margin of HTGC has remained more or less at the same level.
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.
  • The number of shares outstanding for HTGC has been increased compared to 5 years ago.
  • The debt/assets ratio for HTGC is higher compared to a year ago.
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

  • Based on the Altman-Z score of 1.05, we must say that HTGC is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of HTGC (1.05) 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 (1.03) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.03
Debt/FCF N/A
Altman-Z 1.05
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.
  • HTGC's Current ratio of 1.16 is in line compared to the rest of the industry. HTGC outperforms 49.17% of its industry peers.
  • A Quick Ratio of 1.16 indicates that HTGC should not have too much problems paying its short term obligations.
  • HTGC has a Quick ratio of 1.16. This is comparable to the rest of the industry: HTGC outperforms 53.31% 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

  • The earnings per share for HTGC have decreased by -4.48% in the last year.
  • The Earnings Per Share has been growing slightly by 6.52% on average over the past years.
  • HTGC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.44%.
  • The Revenue has been growing by 13.13% on average over the past years. This is quite good.
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.
  • The Revenue is expected to grow by 6.72% on average over the next years.
EPS Next Y5.31%
EPS Next 2Y3.42%
EPS Next 3Y-0.22%
EPS Next 5YN/A
Revenue Next Year8.54%
Revenue Next 2Y6.54%
Revenue Next 3Y6.72%
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.
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

  • The Price/Earnings ratio is 7.57, which indicates a rather cheap valuation of HTGC.
  • 76.86% of the companies in the same industry are more expensive than HTGC, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of HTGC to the average of the S&P500 Index (25.96), we can say HTGC is valued rather cheaply.
  • 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 cheaper than 86.78% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.04. HTGC is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.57
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 40

4.2 Price Multiples

  • HTGC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HTGC is cheaper than 77.27% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.07
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.
  • HTGC has a very decent profitability rating, which 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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5

5. HTGC Dividend Analysis

5.1 Amount

  • HTGC has a Yearly Dividend Yield of 6.18%, which is a nice return.
  • In the last 3 months the price of HTGC has falen by -24.04%. 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 6.96, HTGC has a dividend in line with its industry peers.
  • HTGC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 6.18%

5.2 History

  • On average, the dividend of HTGC grows each year by 6.10%, which is quite nice.
  • 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

  • 96.80% of the earnings are spent on dividend by HTGC. 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 (3/17/2026, 2:27:06 PM)

14.535

+0.47 (+3.38%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)04-29
Inst Owners29.27%
Inst Owner Change7.38%
Ins Owners1.94%
Ins Owner Change7.27%
Market Cap2.67B
Revenue(TTM)532.49M
Net Income(TTM)336.77M
Analysts82.67
Price Target20.71 (42.48%)
Short Float %6.64%
Short Ratio4.28
Dividend
Industry RankSector Rank
Dividend Yield 6.18%
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)-2.92%
PT rev (3m)-3.02%
EPS NQ rev (1m)-4.22%
EPS NQ rev (3m)-4.46%
EPS NY rev (1m)-1.76%
EPS NY rev (3m)-1.87%
Revenue NQ rev (1m)0.12%
Revenue NQ rev (3m)1.71%
Revenue NY rev (1m)-0.98%
Revenue NY rev (3m)0.35%
Valuation
Industry RankSector Rank
PE 7.57
Fwd PE 7.19
P/S 5.01
P/FCF N/A
P/OCF N/A
P/B 1.2
P/tB 1.2
EV/EBITDA 14.07
EPS(TTM)1.92
EY13.21%
EPS(NY)2.02
Fwd EY13.91%
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 1.05
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 Year8.54%
Revenue Next 2Y6.54%
Revenue Next 3Y6.72%
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 of HERCULES CAPITAL INC (HTGC) stock?

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


How profitable is HERCULES CAPITAL INC (HTGC) stock?

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


How financially healthy is HERCULES CAPITAL INC?

The financial health rating of HERCULES CAPITAL INC (HTGC) is 2 / 10.


Can you provide the expected EPS growth for HTGC stock?

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