5.86 USD
-0.03 (-0.51%)
5.38 USD
-0.48 (-8.19%)
TCPC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 237 industry peers in the Capital Markets industry. Both the profitability and the financial health of TCPC get a neutral evaluation. Nothing too spectacular is happening here. TCPC has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- TCPC had positive earnings in the past year.
- 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.
- Of the past 5 years TCPC 4 years had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of TCPC (-0.51%) is worse than 78.57% of its industry peers.
- TCPC has a Return On Equity of -1.24%. This is in the lower half of the industry: TCPC underperforms 73.11% of its industry peers.
- TCPC's Return On Invested Capital of 5.35% is fine compared to the rest of the industry. TCPC outperforms 69.75% 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
- With an excellent Operating Margin value of 55.40%, TCPC belongs to the best of the industry, outperforming 93.28% of the companies in the same industry.
- TCPC's Operating Margin has been stable in the last couple of years.
- TCPC has a Gross Margin of 57.72%. This is in the better half of the industry: TCPC outperforms 65.55% 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.
- Compared to 1 year ago, TCPC has a worse debt to assets ratio.
2.2 Solvency
- TCPC has an Altman-Z score of -0.11. This is a bad value and indicates that TCPC is not financially healthy and even has some risk of bankruptcy.
- With a Altman-Z score value of -0.11, TCPC is not doing good in the industry: 77.73% of the companies in the same industry are doing better.
- 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.
- With a decent Debt to FCF ratio value of 5.65, TCPC is doing good in the industry, outperforming 68.49% 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's Debt to Equity ratio of 1.42 is on the low side compared to the rest of the industry. TCPC is outperformed by 70.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 5.65 | ||
| Altman-Z | -0.11 |
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 81.93% 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.
- Looking at the Quick ratio, with a value of 3.62, TCPC belongs to the top of the industry, outperforming 81.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.62 | ||
| Quick Ratio | 3.62 |
3. Growth
3.1 Past
- The earnings per share for TCPC have decreased strongly by -20.36% 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.
- 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
- Based on estimates for the next years, TCPC will show a very negative growth in Earnings Per Share. The EPS will decrease by -23.42% on average per year.
- Based on estimates for the next years, TCPC will show a very negative growth in Revenue. The Revenue will decrease by -13.17% on average per year.
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
- TCPC is valuated cheaply with a Price/Earnings ratio of 4.41.
- Based on the Price/Earnings ratio, TCPC is valued cheaply inside the industry as 92.02% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 27.21. TCPC is valued rather cheaply when compared to this.
- TCPC is valuated cheaply with a Price/Forward Earnings ratio of 6.92.
- TCPC's Price/Forward Earnings ratio is rather cheap when compared to the industry. TCPC is cheaper than 90.34% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of TCPC to the average of the S&P500 Index (25.98), we can say TCPC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.41 | ||
| Fwd PE | 6.92 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, TCPC is valued cheaper than 92.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.67 | ||
| 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.
- TCPC's Dividend Yield is rather good when compared to the industry average which is at 5.87. TCPC pays more dividend than 93.28% of the companies in the same industry.
- TCPC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
| 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%.