BLACKROCK TCP CAPITAL CORP (TCPC) Stock Fundamental Analysis
USA - NASDAQ:TCPC - US09259E1082 - Common Stock
5.85 USD
+0.06 (+1.04%)
5.85 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to TCPC. TCPC was compared to 235 industry peers in the Capital Markets industry. TCPC has only an average score on both its financial health and profitability. 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.
TCPC had a positive operating cash flow in the past year.
In multiple years TCPC reported negative net income over the last 5 years.
Of the past 5 years TCPC 4 years had a positive operating cash flow.
1.2 Ratios
TCPC has a Return On Assets of -0.62%. This is in the lower half of the industry: TCPC underperforms 77.02% of its industry peers.
TCPC has a worse Return On Equity (-1.61%) than 75.74% of its industry peers.
TCPC's Return On Invested Capital of 5.28% is fine compared to the rest of the industry. TCPC outperforms 65.96% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TCPC is below the industry average of 7.61%.
The last Return On Invested Capital (5.28%) for TCPC is above the 3 year average (4.88%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.62% | ||
| ROE | -1.61% | ||
| ROIC | 5.28% |
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 (53.43%) is better than 89.36% of its industry peers.
TCPC's Operating Margin has been stable in the last couple of years.
TCPC has a Gross Margin of 59.23%. This is in the better half of the industry: TCPC outperforms 69.79% of its industry peers.
TCPC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 53.43% | ||
| PM (TTM) | N/A | ||
| GM | 59.23% |
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.
Compared to 5 years ago, TCPC has more shares outstanding
TCPC has a worse debt/assets ratio than last year.
2.2 Solvency
TCPC has an Altman-Z score of -0.07. This is a bad value and indicates that TCPC is not financially healthy and even has some risk of bankruptcy.
TCPC has a worse Altman-Z score (-0.07) than 77.02% of its industry peers.
The Debt to FCF ratio of TCPC is 6.39, which is on the high side as it means it would take TCPC, 6.39 years of fcf income to pay off all of its debts.
TCPC has a Debt to FCF ratio of 6.39. This is in the better half of the industry: TCPC outperforms 68.51% of its industry peers.
A Debt/Equity ratio of 1.59 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 1.59, TCPC is doing worse than 74.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.59 | ||
| Debt/FCF | 6.39 | ||
| Altman-Z | -0.07 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
TCPC has a Current Ratio of 5.30. This indicates that TCPC is financially healthy and has no problem in meeting its short term obligations.
TCPC's Current ratio of 5.30 is amongst the best of the industry. TCPC outperforms 88.51% of its industry peers.
A Quick Ratio of 5.30 indicates that TCPC has no problem at all paying its short term obligations.
TCPC's Quick ratio of 5.30 is amongst the best of the industry. TCPC outperforms 88.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.3 | ||
| Quick Ratio | 5.3 |
3. Growth
3.1 Past
The earnings per share for TCPC have decreased strongly by -22.78% in the last year.
TCPC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.37% yearly.
TCPC shows a small growth in Revenue. In the last year, the Revenue has grown by 3.11%.
TCPC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.85% yearly.
EPS 1Y (TTM)-22.78%
EPS 3Y8.06%
EPS 5Y-0.37%
EPS Q2Q%-26.19%
Revenue 1Y (TTM)3.11%
Revenue growth 3Y16.26%
Revenue growth 5Y5.85%
Sales Q2Q%-28.05%
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 -18.79% yearly.
Based on estimates for the next years, TCPC will show a very negative growth in Revenue. The Revenue will decrease by -11.26% on average per year.
EPS Next Y-22.38%
EPS Next 2Y-23.32%
EPS Next 3Y-18.79%
EPS Next 5YN/A
Revenue Next Year-20.48%
Revenue Next 2Y-14.15%
Revenue Next 3Y-11.26%
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
TCPC is valuated cheaply with a Price/Earnings ratio of 4.21.
Based on the Price/Earnings ratio, TCPC is valued cheaply inside the industry as 96.17% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.08. TCPC is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 6.26, 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 92.77% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.09. TCPC is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.21 | ||
| Fwd PE | 6.26 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, TCPC is valued cheaply inside the industry as 90.21% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.7 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
TCPC's earnings are expected to decrease with -18.79% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-23.32%
EPS Next 3Y-18.79%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 17.30%, TCPC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.30, TCPC pays a better dividend. On top of this TCPC pays more dividend than 92.77% 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 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.3% |
5.2 History
The dividend of TCPC has a limited annual growth rate of 3.58%.
TCPC has paid a dividend for at least 10 years, which is 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-971.28%
EPS Next 2Y-23.32%
EPS Next 3Y-18.79%
5.85
+0.06 (+1.04%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners23.07%
Inst Owner Change-0.52%
Ins Owners0.21%
Ins Owner Change0.42%
Market Cap497.48M
Revenue(TTM)239.54M
Net Income(TTM)-11929800
Analysts46.67
Price Target7.31 (24.96%)
Short Float %3.37%
Short Ratio4.29
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.3% |
Yearly Dividend1.72
Dividend Growth(5Y)3.58%
DP-971.28%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.43%
Min EPS beat(2)-5.91%
Max EPS beat(2)5.04%
EPS beat(4)1
Avg EPS beat(4)-3.74%
Min EPS beat(4)-9.18%
Max EPS beat(4)5.04%
EPS beat(8)3
Avg EPS beat(8)-3%
EPS beat(12)6
Avg EPS beat(12)0.46%
EPS beat(16)8
Avg EPS beat(16)1.2%
Revenue beat(2)0
Avg Revenue beat(2)-6.43%
Min Revenue beat(2)-7.43%
Max Revenue beat(2)-5.44%
Revenue beat(4)1
Avg Revenue beat(4)-4.31%
Min Revenue beat(4)-7.99%
Max Revenue beat(4)3.62%
Revenue beat(8)4
Avg Revenue beat(8)-2.02%
Revenue beat(12)7
Avg Revenue beat(12)0.01%
Revenue beat(16)8
Avg Revenue beat(16)-0.37%
PT rev (1m)0%
PT rev (3m)-2.27%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.49%
EPS NY rev (1m)0%
EPS NY rev (3m)-8.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.67%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.21 | ||
| Fwd PE | 6.26 | ||
| P/S | 2.08 | ||
| P/FCF | 2.7 | ||
| P/OCF | 2.7 | ||
| P/B | 0.67 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.39
EY23.76%
EPS(NY)0.94
Fwd EY15.98%
FCF(TTM)2.16
FCFY36.97%
OCF(TTM)2.16
OCFY36.97%
SpS2.82
BVpS8.71
TBVpS8.71
PEG (NY)N/A
PEG (5Y)N/A
Graham Number16.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.62% | ||
| ROE | -1.61% | ||
| ROCE | 6.68% | ||
| ROIC | 5.28% | ||
| ROICexc | 5.59% | ||
| ROICexgc | 5.66% | ||
| OM | 53.43% | ||
| PM (TTM) | N/A | ||
| GM | 59.23% | ||
| FCFM | 76.79% |
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-Score4
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.59 | ||
| Debt/FCF | 6.39 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.82 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 5.3 | ||
| Quick Ratio | 5.3 | ||
| Altman-Z | -0.07 |
F-Score4
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)-22.78%
EPS 3Y8.06%
EPS 5Y-0.37%
EPS Q2Q%-26.19%
EPS Next Y-22.38%
EPS Next 2Y-23.32%
EPS Next 3Y-18.79%
EPS Next 5YN/A
Revenue 1Y (TTM)3.11%
Revenue growth 3Y16.26%
Revenue growth 5Y5.85%
Sales Q2Q%-28.05%
Revenue Next Year-20.48%
Revenue Next 2Y-14.15%
Revenue Next 3Y-11.26%
Revenue Next 5YN/A
EBIT growth 1Y8.58%
EBIT growth 3Y22.19%
EBIT growth 5Y6.87%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y6.2%
FCF growth 3YN/A
FCF growth 5Y128.56%
OCF growth 1Y6.2%
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.
Can you provide the valuation status for BLACKROCK TCP CAPITAL CORP?
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.
What is the expected EPS growth for BLACKROCK TCP CAPITAL CORP (TCPC) stock?
The Earnings per Share (EPS) of BLACKROCK TCP CAPITAL CORP (TCPC) is expected to decline by -22.38% in the next year.
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 -971.28%.