5.58 USD
+0.01 (+0.18%)
5.57 USD
-0.01 (-0.18%)
TCPC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 235 industry peers in the Capital Markets industry. TCPC has an average financial health and profitability rating. TCPC is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year TCPC was profitable.
In the past year TCPC had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: TCPC reported negative net income in multiple years.
Of the past 5 years TCPC 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of -0.51%, TCPC is doing worse than 74.89% of the companies in the same industry.
Looking at the Return On Equity, with a value of -1.24%, TCPC is doing worse than 72.77% of the companies in the same industry.
The Return On Invested Capital of TCPC (5.35%) is better than 70.21% 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 7.17%.
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
TCPC has a better Operating Margin (55.40%) than 93.19% 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 69.36% of its industry peers.
In the last couple of years the Gross Margin of TCPC has remained more or less at the same level.
| 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
The number of shares outstanding for TCPC has been increased compared to 1 year ago.
The number of shares outstanding for TCPC has been increased compared to 5 years ago.
TCPC has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of -0.13, we must say that TCPC is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.13, TCPC is doing worse than 74.89% of the companies in the same industry.
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.
Looking at the Debt to FCF ratio, with a value of 5.65, TCPC is in the better half of the industry, outperforming 68.51% of the companies in the same industry.
TCPC has a Debt/Equity ratio of 1.42. This is a high value indicating a heavy dependency on external financing.
TCPC has a worse Debt to Equity ratio (1.42) than 69.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 5.65 | ||
| Altman-Z | -0.13 |
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 82.55% 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.
TCPC has a better Quick ratio (3.62) than 82.55% of its industry peers.
| 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%.
TCPC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.37% yearly.
The Revenue for TCPC has decreased by -12.01% 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 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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 4.20 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 95.32% of the companies listed in the same industry.
TCPC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.19.
With a Price/Forward Earnings ratio of 6.59, the valuation of TCPC can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TCPC indicates a rather cheap valuation: TCPC is cheaper than 91.06% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of TCPC to the average of the S&P500 Index (23.92), we can say TCPC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.2 | ||
| Fwd PE | 6.59 |
4.2 Price Multiples
92.34% of the companies in the same industry are more expensive than TCPC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.54 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as TCPC's earnings are expected to decrease with -23.42% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-27.03%
EPS Next 3Y-23.42%
5. Dividend
5.1 Amount
TCPC has a Yearly Dividend Yield of 17.95%, which is a nice return.
TCPC's Dividend Yield is rather good when compared to the industry average which is at 6.19. TCPC pays more dividend than 94.04% of the companies in the same industry.
TCPC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.95% |
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%
5.58
+0.01 (+0.18%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners26.42%
Inst Owner Change-0.11%
Ins Owners0.21%
Ins Owner Change0%
Market Cap473.41M
Revenue(TTM)219.12M
Net Income(TTM)-9.19M
Analysts46.67
Price Target6.63 (18.82%)
Short Float %3.76%
Short Ratio4.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.95% |
Yearly Dividend1.72
Dividend Growth(5Y)3.58%
DP-1212.12%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.24%
Min EPS beat(2)-5.91%
Max EPS beat(2)1.42%
EPS beat(4)2
Avg EPS beat(4)-1.09%
Min EPS beat(4)-5.91%
Max EPS beat(4)5.04%
EPS beat(8)3
Avg EPS beat(8)-3.19%
EPS beat(12)6
Avg EPS beat(12)-0.93%
EPS beat(16)9
Avg EPS beat(16)1.41%
Revenue beat(2)0
Avg Revenue beat(2)-5.17%
Min Revenue beat(2)-7.43%
Max Revenue beat(2)-2.91%
Revenue beat(4)0
Avg Revenue beat(4)-5.94%
Min Revenue beat(4)-7.99%
Max Revenue beat(4)-2.91%
Revenue beat(8)3
Avg Revenue beat(8)-2.51%
Revenue beat(12)6
Avg Revenue beat(12)-0.84%
Revenue beat(16)8
Avg Revenue beat(16)-0.39%
PT rev (1m)0%
PT rev (3m)-9.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5%
EPS NY rev (1m)0%
EPS NY rev (3m)0.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.15%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.2 | ||
| Fwd PE | 6.59 | ||
| P/S | 2.16 | ||
| P/FCF | 2.54 | ||
| P/OCF | 2.54 | ||
| P/B | 0.64 | ||
| P/tB | 0.64 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.33
EY23.84%
EPS(NY)0.85
Fwd EY15.17%
FCF(TTM)2.19
FCFY39.3%
OCF(TTM)2.19
OCFY39.3%
SpS2.58
BVpS8.72
TBVpS8.72
PEG (NY)N/A
PEG (5Y)N/A
Graham Number16.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.51% | ||
| ROE | -1.24% | ||
| ROCE | 6.77% | ||
| ROIC | 5.35% | ||
| ROICexc | 5.54% | ||
| ROICexgc | 5.62% | ||
| OM | 55.4% | ||
| PM (TTM) | N/A | ||
| GM | 57.72% | ||
| FCFM | 84.91% |
ROA(3y)-0.52%
ROA(5y)1.96%
ROE(3y)-1.23%
ROE(5y)4.36%
ROIC(3y)4.88%
ROIC(5y)4.36%
ROICexc(3y)5.16%
ROICexc(5y)4.54%
ROICexgc(3y)5.23%
ROICexgc(5y)4.6%
ROCE(3y)6.17%
ROCE(5y)5.51%
ROICexgc growth 3Y22.56%
ROICexgc growth 5Y4.85%
ROICexc growth 3Y22.5%
ROICexc growth 5Y4.81%
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%
F-Score3
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 5.65 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.92 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.62 | ||
| Quick Ratio | 3.62 | ||
| Altman-Z | -0.13 |
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)-20.36%
EPS 3Y8.06%
EPS 5Y-0.37%
EPS Q2Q%-16.67%
EPS Next Y-21.74%
EPS Next 2Y-27.03%
EPS Next 3Y-23.42%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.01%
Revenue growth 3Y16.26%
Revenue growth 5Y5.85%
Sales Q2Q%-28.78%
Revenue Next Year-21.57%
Revenue Next 2Y-16.61%
Revenue Next 3Y-13.17%
Revenue Next 5YN/A
EBIT growth 1Y-1.64%
EBIT growth 3Y22.19%
EBIT growth 5Y6.87%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y112.62%
FCF growth 3YN/A
FCF growth 5Y128.56%
OCF growth 1Y112.62%
OCF growth 3YN/A
OCF growth 5Y128.56%
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%.