HERCULES CAPITAL INC (HTGC) Fundamental Analysis & Valuation

NYSE:HTGC • US4270965084

Current stock price

15.48 USD
-0.03 (-0.19%)
At close:
15.5283 USD
+0.05 (+0.31%)
Pre-Market:

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

  • In the past year HTGC was profitable.
  • 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

  • HTGC has a Return On Assets of 7.35%. This is in the better half of the industry: HTGC outperforms 76.99% of its industry peers.
  • With a decent Return On Equity value of 15.20%, HTGC is doing good in the industry, outperforming 74.48% 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 70.71% 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 7.30%.
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 92.89% of its industry peers.
  • In the last couple of years the Profit Margin of HTGC has declined.
  • The Operating Margin of HTGC (64.17%) is better than 96.65% of its industry peers.
  • In the last couple of years the Operating Margin of HTGC has grown nicely.
  • With an excellent Gross Margin value of 80.62%, HTGC belongs to the best of the industry, outperforming 86.19% of the companies in the same industry.
  • 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.
  • 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

  • HTGC has an Altman-Z score of 1.12. This is a bad value and indicates that HTGC is not financially healthy and even has some risk of bankruptcy.
  • With a decent Altman-Z score value of 1.12, HTGC is doing good in the industry, outperforming 60.67% of the companies in the same industry.
  • HTGC has a Debt/Equity ratio of 1.03. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.03, HTGC perfoms like the industry average, outperforming 50.21% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.03
Debt/FCF N/A
Altman-Z 1.12
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 51.05% of its industry peers.
  • 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.
  • The Quick ratio of HTGC (1.16) is comparable to the rest of the industry.
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.
  • 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
  • Measured over the past years, HTGC shows a quite strong growth in Revenue. The Revenue has been growing by 13.13% on average per year.
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 small growth in Earnings Per Share. The EPS will grow by 0.84% on average per year.
  • Based on estimates for the next years, HTGC will show a small growth in Revenue. The Revenue will grow by 4.28% on average per year.
EPS Next Y3.3%
EPS Next 2Y2.47%
EPS Next 3Y0.84%
EPS Next 5YN/A
Revenue Next Year8.9%
Revenue Next 2Y7.05%
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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5

4. HTGC Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 8.06 indicates a reasonable valuation of HTGC.
  • HTGC's Price/Earnings ratio is a bit cheaper when compared to the industry. HTGC is cheaper than 75.73% of the companies in the same industry.
  • HTGC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.15.
  • The Price/Forward Earnings ratio is 7.81, which indicates a rather cheap valuation of HTGC.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of HTGC indicates a rather cheap valuation: HTGC is cheaper than 84.10% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.12, HTGC is valued rather cheaply.
Industry RankSector Rank
PE 8.06
Fwd PE 7.81
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 75.31% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.83
HTGC Per share dataHTGC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of HTGC may justify a higher PE ratio.
PEG (NY)2.44
PEG (5Y)1.24
EPS Next 2Y2.47%
EPS Next 3Y0.84%

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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 10.42%, which is a nice return.
  • Compared to an average industry Dividend Yield of 6.53, HTGC pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, HTGC pays a better dividend.
Industry RankSector Rank
Dividend Yield 10.42%

5.2 History

  • The dividend of HTGC is nicely growing with an annual growth rate of 6.10%!
  • HTGC has been paying a dividend for at least 10 years, so it has 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.
  • HTGC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP96.8%
EPS Next 2Y2.47%
EPS Next 3Y0.84%
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 (4/27/2026, 8:04:00 PM)

Premarket: 15.5283 +0.05 (+0.31%)

15.48

-0.03 (-0.19%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners28.95%
Inst Owner Change0.71%
Ins Owners1.97%
Ins Owner Change7.99%
Market Cap2.84B
Revenue(TTM)532.49M
Net Income(TTM)336.77M
Analysts82.67
Price Target20.09 (29.78%)
Short Float %6.87%
Short Ratio4.16
Dividend
Industry RankSector Rank
Dividend Yield 10.42%
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)-3.01%
PT rev (3m)-5.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.67%
EPS NY rev (1m)-1.91%
EPS NY rev (3m)-3.63%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.23%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)-0.65%
Valuation
Industry RankSector Rank
PE 8.06
Fwd PE 7.81
P/S 5.34
P/FCF N/A
P/OCF N/A
P/B 1.28
P/tB 1.28
EV/EBITDA 14.83
EPS(TTM)1.92
EY12.4%
EPS(NY)1.98
Fwd EY12.81%
FCF(TTM)-2.32
FCFYN/A
OCF(TTM)-2.32
OCFYN/A
SpS2.9
BVpS12.06
TBVpS12.06
PEG (NY)2.44
PEG (5Y)1.24
Graham Number22.8285 (47.47%)
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 1.12
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 Y3.3%
EPS Next 2Y2.47%
EPS Next 3Y0.84%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.44%
Revenue growth 3Y18.29%
Revenue growth 5Y13.13%
Sales Q2Q%12.85%
Revenue Next Year8.9%
Revenue Next 2Y7.05%
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 5 / 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 8.06 and the Price/Book (PB) ratio is 1.28.


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 3.3% in the next year.