5.15 USD
-0.09 (-1.72%)
5.1976 USD
+0.05 (+0.92%)
We assign a fundamental rating of 4 out of 10 to TCPC. TCPC was compared to 237 industry peers in the Capital Markets industry. TCPC has only an average score on both its financial health and profitability. TCPC has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
- In the past year TCPC was profitable.
- TCPC had a positive operating cash flow in the past year.
- The reported net income has been mixed in the past 5 years: TCPC reported negative net income in multiple years.
- TCPC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- TCPC has a Return On Assets of -0.51%. This is in the lower half of the industry: TCPC underperforms 78.90% of its industry peers.
- TCPC has a worse Return On Equity (-1.24%) than 73.42% of its industry peers.
- TCPC's Return On Invested Capital of 5.35% is fine compared to the rest of the industry. TCPC outperforms 69.62% of its industry peers.
- TCPC had an Average Return On Invested Capital over the past 3 years of 4.88%. This is below the industry average of 7.27%.
- The 3 year average ROIC (4.88%) for TCPC is below the current ROIC(5.35%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.51% | ||
| ROE | -1.24% | ||
| ROIC | 5.35% |
ROA(3y)-0.52%
ROA(5y)1.96%
ROE(3y)-1.23%
ROE(5y)4.36%
ROIC(3y)4.88%
ROIC(5y)4.36%
1.3 Margins
- The Operating Margin of TCPC (55.40%) is better than 93.25% of its industry peers.
- TCPC's Operating Margin has been stable in the last couple of years.
- TCPC's Gross Margin of 57.72% is fine compared to the rest of the industry. TCPC outperforms 65.40% of its industry peers.
- TCPC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.4% | ||
| PM (TTM) | N/A | ||
| GM | 57.72% |
OM growth 3Y5.11%
OM growth 5Y0.96%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.92%
GM growth 5Y-0.19%
2. Health
2.1 Basic Checks
- TCPC has more shares outstanding than it did 1 year ago.
- TCPC has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for TCPC is higher compared to a year ago.
2.2 Solvency
- TCPC has an Altman-Z score of -0.14. This is a bad value and indicates that TCPC is not financially healthy and even has some risk of bankruptcy.
- TCPC's Altman-Z score of -0.14 is on the low side compared to the rest of the industry. TCPC is outperformed by 78.06% of its industry peers.
- TCPC has a debt to FCF ratio of 5.65. This is a neutral value as TCPC would need 5.65 years to pay back of all of its debts.
- TCPC's Debt to FCF ratio of 5.65 is fine compared to the rest of the industry. TCPC outperforms 68.35% of its industry peers.
- TCPC has a Debt/Equity ratio of 1.42. This is a high value indicating a heavy dependency on external financing.
- TCPC has a Debt to Equity ratio of 1.42. This is in the lower half of the industry: TCPC underperforms 70.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 5.65 | ||
| Altman-Z | -0.14 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 3.62 indicates that TCPC has no problem at all paying its short term obligations.
- Looking at the Current ratio, with a value of 3.62, TCPC belongs to the top of the industry, outperforming 81.86% of the companies in the same industry.
- TCPC has a Quick Ratio of 3.62. This indicates that TCPC is financially healthy and has no problem in meeting its short term obligations.
- With an excellent Quick ratio value of 3.62, TCPC belongs to the best of the industry, outperforming 81.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.62 | ||
| Quick Ratio | 3.62 |
3. Growth
3.1 Past
- TCPC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.36%.
- The Earnings Per Share has been decreasing by -0.37% on average over the past years.
- Looking at the last year, TCPC shows a very negative growth in Revenue. The Revenue has decreased by -12.01% in the last year.
- TCPC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.85% yearly.
EPS 1Y (TTM)-20.36%
EPS 3Y8.06%
EPS 5Y-0.37%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)-12.01%
Revenue growth 3Y16.26%
Revenue growth 5Y5.85%
Sales Q2Q%-28.78%
3.2 Future
- TCPC is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -23.42% yearly.
- The Revenue is expected to decrease by -13.17% on average over the next years. This is quite bad
EPS Next Y-21.74%
EPS Next 2Y-27.03%
EPS Next 3Y-23.42%
EPS Next 5YN/A
Revenue Next Year-21.57%
Revenue Next 2Y-16.61%
Revenue Next 3Y-13.17%
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.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 3.87 indicates a rather cheap valuation of TCPC.
- Compared to the rest of the industry, the Price/Earnings ratio of TCPC indicates a rather cheap valuation: TCPC is cheaper than 92.41% of the companies listed in the same industry.
- TCPC is valuated cheaply when we compare the Price/Earnings ratio to 28.60, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 6.08, which indicates a rather cheap valuation of TCPC.
- 93.25% of the companies in the same industry are more expensive than TCPC, based on the Price/Forward Earnings ratio.
- TCPC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.87 | ||
| Fwd PE | 6.08 |
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 92.41% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.35 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- TCPC's earnings are expected to decrease with -23.42% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-27.03%
EPS Next 3Y-23.42%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 16.98%, TCPC is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.87, TCPC pays a better dividend. On top of this TCPC pays more dividend than 93.25% 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 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 16.98% |
5.2 History
- The dividend of TCPC has a limited annual growth rate of 3.58%.
- TCPC has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)3.58%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- The earnings of TCPC are negative and hence is the payout ratio. TCPC will probably not be able to sustain this dividend level.
DP-1212.12%
EPS Next 2Y-27.03%
EPS Next 3Y-23.42%
BLACKROCK TCP CAPITAL CORP / TCPC 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.
What is the profitability of 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 4 / 10.
How sustainable is the dividend of BLACKROCK TCP CAPITAL CORP (TCPC) stock?
The dividend rating of BLACKROCK TCP CAPITAL CORP (TCPC) is 5 / 10 and the dividend payout ratio is -1212.12%.