BLACKROCK TCP CAPITAL CORP (TCPC) Fundamental Analysis & Valuation

NASDAQ:TCPC • US09259E1082

Current stock price

4.14 USD
+0.05 (+1.22%)
At close:
4.13 USD
-0.01 (-0.24%)
After Hours:

This TCPC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. TCPC Profitability Analysis

1.1 Basic Checks

  • In the past year TCPC was profitable.
  • TCPC had a positive operating cash flow in the past year.
  • In multiple years TCPC reported negative net income over the last 5 years.
  • TCPC had a positive operating cash flow in 4 of the past 5 years.
TCPC Yearly Net Income VS EBIT VS OCF VS FCFTCPC 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 100M -100M 200M

1.2 Ratios

  • TCPC has a worse Return On Assets (-5.39%) than 79.58% of its industry peers.
  • TCPC's Return On Equity of -14.87% is on the low side compared to the rest of the industry. TCPC is outperformed by 78.33% of its industry peers.
  • With a decent Return On Invested Capital value of 5.31%, TCPC is doing good in the industry, outperforming 65.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for TCPC is below the industry average of 7.30%.
  • The 3 year average ROIC (5.27%) for TCPC is below the current ROIC(5.31%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -5.39%
ROE -14.87%
ROIC 5.31%
ROA(3y)-2.14%
ROA(5y)0.02%
ROE(3y)-5.77%
ROE(5y)-0.48%
ROIC(3y)5.27%
ROIC(5y)4.61%
TCPC Yearly ROA, ROE, ROICTCPC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10

1.3 Margins

  • TCPC's Operating Margin of 54.42% is amongst the best of the industry. TCPC outperforms 92.50% of its industry peers.
  • TCPC's Operating Margin has improved in the last couple of years.
  • TCPC's Gross Margin of 55.87% is fine compared to the rest of the industry. TCPC outperforms 64.58% of its industry peers.
  • TCPC's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 54.42%
PM (TTM) N/A
GM 55.87%
OM growth 3Y3.68%
OM growth 5Y2.4%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.91%
GM growth 5Y-1.89%
TCPC Yearly Profit, Operating, Gross MarginsTCPC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. TCPC Health Analysis

2.1 Basic Checks

  • TCPC has less shares outstanding than it did 1 year ago.
  • TCPC has more shares outstanding than it did 5 years ago.
  • TCPC has a worse debt/assets ratio than last year.
TCPC Yearly Shares OutstandingTCPC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
TCPC Yearly Total Debt VS Total AssetsTCPC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • Based on the Altman-Z score of -0.38, we must say that TCPC is in the distress zone and has some risk of bankruptcy.
  • TCPC has a worse Altman-Z score (-0.38) than 82.50% of its industry peers.
  • The Debt to FCF ratio of TCPC is 6.68, which is on the high side as it means it would take TCPC, 6.68 years of fcf income to pay off all of its debts.
  • TCPC's Debt to FCF ratio of 6.68 is fine compared to the rest of the industry. TCPC outperforms 63.75% of its industry peers.
  • A Debt/Equity ratio of 1.73 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 1.73, TCPC is doing worse than 73.75% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.73
Debt/FCF 6.68
Altman-Z -0.38
ROIC/WACCN/A
WACCN/A
TCPC Yearly LT Debt VS Equity VS FCFTCPC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • TCPC has a Current Ratio of 4.13. This indicates that TCPC is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Current ratio value of 4.13, TCPC belongs to the best of the industry, outperforming 85.83% of the companies in the same industry.
  • A Quick Ratio of 4.13 indicates that TCPC has no problem at all paying its short term obligations.
  • TCPC's Quick ratio of 4.13 is amongst the best of the industry. TCPC outperforms 86.25% of its industry peers.
Industry RankSector Rank
Current Ratio 4.13
Quick Ratio 4.13
TCPC Yearly Current Assets VS Current LiabilitesTCPC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. TCPC Growth Analysis

3.1 Past

  • TCPC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -26.42%.
  • Measured over the past years, TCPC shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.39% on average per year.
  • The Revenue for TCPC has decreased by -22.22% in the past year. This is quite bad
  • TCPC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.23% yearly.
EPS 1Y (TTM)-26.42%
EPS 3Y-8.35%
EPS 5Y-3.39%
EPS Q2Q%-44.44%
Revenue 1Y (TTM)-22.22%
Revenue growth 3Y3.69%
Revenue growth 5Y3.23%
Sales Q2Q%-28.3%

3.2 Future

  • The Earnings Per Share is expected to decrease by -26.26% on average over the next years. This is quite bad
  • Based on estimates for the next years, TCPC will show a very negative growth in Revenue. The Revenue will decrease by -18.16% on average per year.
EPS Next Y-35.49%
EPS Next 2Y-26.27%
EPS Next 3Y-26.26%
EPS Next 5YN/A
Revenue Next Year-20.1%
Revenue Next 2Y-18.54%
Revenue Next 3Y-18.16%
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.
TCPC Yearly Revenue VS EstimatesTCPC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 50M 100M 150M 200M 250M
TCPC Yearly EPS VS EstimatesTCPC 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

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6

4. TCPC Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 3.54, 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 92.50% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.42. TCPC is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 5.48, the valuation of TCPC can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, TCPC is valued cheaper than 91.67% of the companies in the same industry.
  • TCPC is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.29, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 3.54
Fwd PE 5.48
TCPC Price Earnings VS Forward Price EarningsTCPC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TCPC indicates a rather cheap valuation: TCPC is cheaper than 92.50% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 2.25
EV/EBITDA N/A
TCPC Per share dataTCPC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • A cheap valuation may be justified as TCPC's earnings are expected to decrease with -26.26% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-26.27%
EPS Next 3Y-26.26%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. TCPC Dividend Analysis

5.1 Amount

  • TCPC has a Yearly Dividend Yield of 16.63%, which is a nice return.
  • In the last 3 months the price of TCPC has falen by -29.35%. 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 6.53, TCPC pays a better dividend. On top of this TCPC pays more dividend than 89.17% of the companies listed in the same industry.
  • TCPC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 16.63%

5.2 History

  • The dividend of TCPC decreases each year by -3.11%.
  • TCPC has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-3.11%
Div Incr Years0
Div Non Decr Years0
TCPC Yearly Dividends per shareTCPC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • TCPC has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • The Dividend Rate of TCPC has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP-107.01%
EPS Next 2Y-26.27%
EPS Next 3Y-26.26%
TCPC Yearly Income VS Free CF VS DividendTCPC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M

More info and screens

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TCPC Fundamentals: All Metrics, Ratios and Statistics

BLACKROCK TCP CAPITAL CORP

NASDAQ:TCPC (4/24/2026, 8:10:26 PM)

After market: 4.13 -0.01 (-0.24%)

4.14

+0.05 (+1.22%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-27
Earnings (Next)05-07
Inst Owners26.7%
Inst Owner Change-0.28%
Ins Owners0.33%
Ins Owner Change11.12%
Market Cap348.71M
Revenue(TTM)201.79M
Net Income(TTM)-88.93M
Analysts44.44
Price Target4.42 (6.76%)
Short Float %5.69%
Short Ratio3.57
Dividend
Industry RankSector Rank
Dividend Yield 16.63%
Yearly Dividend1.12
Dividend Growth(5Y)-3.11%
DP-107.01%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-17
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-10.59%
Min EPS beat(2)-22.6%
Max EPS beat(2)1.42%
EPS beat(4)2
Avg EPS beat(4)-5.51%
Min EPS beat(4)-22.6%
Max EPS beat(4)5.04%
EPS beat(8)3
Avg EPS beat(8)-5.03%
EPS beat(12)6
Avg EPS beat(12)-2.62%
EPS beat(16)9
Avg EPS beat(16)0.28%
Revenue beat(2)0
Avg Revenue beat(2)-6.6%
Min Revenue beat(2)-10.28%
Max Revenue beat(2)-2.91%
Revenue beat(4)0
Avg Revenue beat(4)-6.52%
Min Revenue beat(4)-10.28%
Max Revenue beat(4)-2.91%
Revenue beat(8)3
Avg Revenue beat(8)-3.19%
Revenue beat(12)6
Avg Revenue beat(12)-1.53%
Revenue beat(16)8
Avg Revenue beat(16)-0.64%
PT rev (1m)-33.33%
PT rev (3m)-33.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-15.15%
EPS NY rev (1m)-10.84%
EPS NY rev (3m)-10.84%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.19%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-9.88%
Valuation
Industry RankSector Rank
PE 3.54
Fwd PE 5.48
P/S 1.73
P/FCF 2.25
P/OCF 2.25
P/B 0.58
P/tB 0.58
EV/EBITDA N/A
EPS(TTM)1.17
EY28.26%
EPS(NY)0.75
Fwd EY18.23%
FCF(TTM)1.84
FCFY44.43%
OCF(TTM)1.84
OCFY44.43%
SpS2.4
BVpS7.1
TBVpS7.1
PEG (NY)N/A
PEG (5Y)N/A
Graham Number13.6712 (230.22%)
Profitability
Industry RankSector Rank
ROA -5.39%
ROE -14.87%
ROCE 6.72%
ROIC 5.31%
ROICexc 5.51%
ROICexgc 5.59%
OM 54.42%
PM (TTM) N/A
GM 55.87%
FCFM 76.77%
ROA(3y)-2.14%
ROA(5y)0.02%
ROE(3y)-5.77%
ROE(5y)-0.48%
ROIC(3y)5.27%
ROIC(5y)4.61%
ROICexc(3y)5.55%
ROICexc(5y)4.82%
ROICexgc(3y)5.63%
ROICexgc(5y)4.89%
ROCE(3y)6.67%
ROCE(5y)5.83%
ROICexgc growth 3Y8.45%
ROICexgc growth 5Y6.16%
ROICexc growth 3Y8.43%
ROICexc growth 5Y6.08%
OM growth 3Y3.68%
OM growth 5Y2.4%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.91%
GM growth 5Y-1.89%
F-Score3
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 1.73
Debt/FCF 6.68
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 1.84
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.13
Quick Ratio 4.13
Altman-Z -0.38
F-Score3
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)-26.42%
EPS 3Y-8.35%
EPS 5Y-3.39%
EPS Q2Q%-44.44%
EPS Next Y-35.49%
EPS Next 2Y-26.27%
EPS Next 3Y-26.26%
EPS Next 5YN/A
Revenue 1Y (TTM)-22.22%
Revenue growth 3Y3.69%
Revenue growth 5Y3.23%
Sales Q2Q%-28.3%
Revenue Next Year-20.1%
Revenue Next 2Y-18.54%
Revenue Next 3Y-18.16%
Revenue Next 5YN/A
EBIT growth 1Y-16.98%
EBIT growth 3Y7.5%
EBIT growth 5Y5.71%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-47.15%
FCF growth 3Y-8.75%
FCF growth 5Y4.84%
OCF growth 1Y-47.15%
OCF growth 3Y-8.75%
OCF growth 5Y4.84%

BLACKROCK TCP CAPITAL CORP / TCPC Fundamental Analysis FAQ

What is the fundamental rating for TCPC stock?

ChartMill assigns a fundamental rating of 4 / 10 to TCPC.


What is the valuation status for TCPC stock?

ChartMill assigns a valuation rating of 6 / 10 to BLACKROCK TCP CAPITAL CORP (TCPC). This can be considered as Fairly Valued.


How profitable is BLACKROCK TCP CAPITAL CORP (TCPC) stock?

BLACKROCK TCP CAPITAL CORP (TCPC) has a profitability rating of 4 / 10.


Can you provide the financial health for TCPC stock?

The financial health rating of BLACKROCK TCP CAPITAL CORP (TCPC) is 5 / 10.


Can you provide the dividend sustainability for TCPC stock?

The dividend rating of BLACKROCK TCP CAPITAL CORP (TCPC) is 5 / 10 and the dividend payout ratio is -107.01%.