HERCULES CAPITAL INC (HTGC) Fundamental Analysis & Valuation

NYSE:HTGC • US4270965084

Current stock price

15.68 USD
+0.4 (+2.62%)
At close:
15.55 USD
-0.13 (-0.83%)
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

  • In the past year HTGC was profitable.
  • HTGC had a negative operating cash flow in the past year.
  • In the past 5 years HTGC has always 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

  • HTGC's Return On Assets of 7.35% is fine compared to the rest of the industry. HTGC outperforms 77.50% of its industry peers.
  • With a decent Return On Equity value of 15.20%, HTGC is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • HTGC has a better Return On Invested Capital (6.00%) than 74.17% 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 7.19%.
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 92.92% of its industry peers.
  • In the last couple of years the Profit Margin of HTGC has declined.
  • Looking at the Operating Margin, with a value of 64.17%, HTGC belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
  • In the last couple of years the Operating Margin of HTGC has grown nicely.
  • HTGC's Gross Margin of 80.62% is amongst the best of the industry. HTGC outperforms 86.25% of its industry peers.
  • 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

  • HTGC has more shares outstanding than it did 1 year ago.
  • HTGC has more shares outstanding than it did 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 1.11, we must say that HTGC is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.11, HTGC is in the better half of the industry, outperforming 60.83% 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 50.42% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.03
Debt/FCF N/A
Altman-Z 1.11
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.
  • Looking at the Current ratio, with a value of 1.16, HTGC is in line with its industry, outperforming 50.42% of the companies in the same 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 has a Quick ratio (1.16) which is in line with 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.
  • Looking at the last year, HTGC shows a very negative growth in Revenue. The Revenue has decreased by -13.44% in the last year.
  • 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

  • HTGC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.84% yearly.
  • The Revenue is expected to grow by 4.28% on average over the next years.
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 8.17 indicates a reasonable valuation of HTGC.
  • 75.83% of the companies in the same industry are more expensive than HTGC, based on the Price/Earnings ratio.
  • HTGC is valuated cheaply when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 7.91, the valuation of HTGC can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, HTGC is valued cheaply inside the industry as 84.17% of the companies are valued more expensively.
  • HTGC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 38.20.
Industry RankSector Rank
PE 8.17
Fwd PE 7.91
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 78.75% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.72
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.
  • HTGC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.48
PEG (5Y)1.25
EPS Next 2Y2.47%
EPS Next 3Y0.84%

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5

5. HTGC Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 10.85%, HTGC is a good candidate for dividend investing.
  • HTGC's Dividend Yield is a higher than the industry average which is at 6.64.
  • HTGC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 10.85%

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.
  • The dividend of HTGC is growing, but the earnings are growing slower. 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 (4/15/2026, 7:00:00 PM)

After market: 15.55 -0.13 (-0.83%)

15.68

+0.4 (+2.62%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)04-30
Inst Owners28.95%
Inst Owner Change0.21%
Ins Owners1.97%
Ins Owner Change8.51%
Market Cap2.88B
Revenue(TTM)532.49M
Net Income(TTM)336.77M
Analysts82.67
Price Target20.2 (28.83%)
Short Float %6.77%
Short Ratio3.81
Dividend
Industry RankSector Rank
Dividend Yield 10.85%
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)-2.46%
PT rev (3m)-4.81%
EPS NQ rev (1m)-0.46%
EPS NQ rev (3m)-4.67%
EPS NY rev (1m)-1.91%
EPS NY rev (3m)-3.53%
Revenue NQ rev (1m)-0.35%
Revenue NQ rev (3m)-0.23%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)0.41%
Valuation
Industry RankSector Rank
PE 8.17
Fwd PE 7.91
P/S 5.41
P/FCF N/A
P/OCF N/A
P/B 1.3
P/tB 1.3
EV/EBITDA 14.72
EPS(TTM)1.92
EY12.24%
EPS(NY)1.98
Fwd EY12.65%
FCF(TTM)-2.32
FCFYN/A
OCF(TTM)-2.32
OCFYN/A
SpS2.9
BVpS12.06
TBVpS12.06
PEG (NY)2.48
PEG (5Y)1.25
Graham Number22.8285 (45.59%)
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 1.11
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 8.17 and the Price/Book (PB) ratio is 1.3.


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.