HERCULES CAPITAL INC (HTGC) Fundamental Analysis & Valuation

NYSE:HTGC • US4270965084

Current stock price

14.18 USD
+0.04 (+0.28%)
At close:
14.25 USD
+0.07 (+0.49%)
After Hours:

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.
  • HTGC had a negative operating cash flow in the past year.
  • 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

  • The Return On Assets of HTGC (7.35%) is better than 76.99% of its industry peers.
  • HTGC's Return On Equity of 15.20% is fine compared to the rest of the industry. HTGC outperforms 74.90% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.00%, HTGC is in the better half of the industry, outperforming 74.06% of the companies in the same industry.
  • HTGC had an Average Return On Invested Capital over the past 3 years of 6.67%. This is in line with the industry average of 7.28%.
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

  • The Profit Margin of HTGC (63.24%) is better than 93.31% of its industry peers.
  • HTGC's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 64.17%, HTGC belongs to the best of the industry, outperforming 96.65% of the companies in the same industry.
  • HTGC's Operating Margin has improved in the last couple of years.
  • HTGC's Gross Margin of 80.62% is amongst the best of the industry. HTGC outperforms 85.77% 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

  • Compared to 1 year ago, HTGC has more shares outstanding
  • The number of shares outstanding for HTGC has been increased compared to 5 years ago.
  • HTGC has a worse debt/assets ratio than last year.
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's Debt to Equity ratio of 1.03 is in line compared to the rest of the industry. HTGC outperforms 50.21% of its industry peers.
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 has a Current ratio (1.16) which is comparable to the rest of the industry.
  • HTGC has a Quick 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 Quick ratio of 1.16 is in line compared to the rest of the industry. HTGC outperforms 53.97% 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.
  • The Revenue for HTGC has decreased by -13.44% in the past year. This is quite bad
  • 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

  • The Earnings Per Share is expected to decrease by -0.22% on average over the next years.
  • 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.
  • 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

  • A Price/Earnings ratio of 7.39 indicates a rather cheap valuation of HTGC.
  • 76.99% 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 (25.61), we can say HTGC is valued rather cheaply.
  • A Price/Forward Earnings ratio of 7.01 indicates a rather cheap valuation of HTGC.
  • HTGC's Price/Forward Earnings ratio is rather cheap when compared to the industry. HTGC is cheaper than 85.36% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.79. HTGC is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.39
Fwd PE 7.01
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

  • Based on the Enterprise Value to EBITDA ratio, HTGC is valued a bit cheaper than 76.99% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.11
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)1.39
PEG (5Y)1.13
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 11.10%, which is a nice return.
  • In the last 3 months the price of HTGC has falen by -24.13%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • HTGC's Dividend Yield is a higher than the industry average which is at 6.72.
  • Compared to an average S&P500 Dividend Yield of 1.89, HTGC pays a better dividend.
Industry RankSector Rank
Dividend Yield 11.1%

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

  • 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 (3/25/2026, 8:04:00 PM)

After market: 14.25 +0.07 (+0.49%)

14.18

+0.04 (+0.28%)

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 Cap2.60B
Revenue(TTM)532.49M
Net Income(TTM)336.77M
Analysts82.67
Price Target20.71 (46.05%)
Short Float %6.64%
Short Ratio4.28
Dividend
Industry RankSector Rank
Dividend Yield 11.1%
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)-2.72%
EPS NQ rev (3m)-4.9%
EPS NY rev (1m)-1.76%
EPS NY rev (3m)-1.87%
Revenue NQ rev (1m)0.77%
Revenue NQ rev (3m)1.71%
Revenue NY rev (1m)0.77%
Revenue NY rev (3m)0.78%
Valuation
Industry RankSector Rank
PE 7.39
Fwd PE 7.01
P/S 4.89
P/FCF N/A
P/OCF N/A
P/B 1.18
P/tB 1.18
EV/EBITDA 14.11
EPS(TTM)1.92
EY13.54%
EPS(NY)2.02
Fwd EY14.26%
FCF(TTM)-2.32
FCFYN/A
OCF(TTM)-2.32
OCFYN/A
SpS2.9
BVpS12.06
TBVpS12.06
PEG (NY)1.39
PEG (5Y)1.13
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 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 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.