5.63 USD
+0.05 (+0.9%)
5.6382 USD
+0.01 (+0.15%)
We assign a fundamental rating of 4 out of 10 to TCPC. TCPC was compared to 235 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 is valued correctly, 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.
TCPC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a Return On Assets value of -0.51%, TCPC is not doing good in the industry: 74.89% of the companies in the same industry are doing better.
TCPC has a Return On Equity of -1.24%. This is in the lower half of the industry: TCPC underperforms 72.77% of its industry peers.
The Return On Invested Capital of TCPC (5.35%) is better than 70.21% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TCPC is below the industry average of 7.17%.
The last Return On Invested Capital (5.35%) for TCPC is above the 3 year average (4.88%), which is a sign of increasing profitability.
| 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.
In the last couple of years the Operating Margin of TCPC has remained more or less at the same level.
With a decent Gross Margin value of 57.72%, TCPC is doing good in the industry, outperforming 69.36% of the companies in the same industry.
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
Compared to 1 year ago, TCPC has more shares outstanding
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 -0.13. This is a bad value and indicates that TCPC is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of TCPC (-0.13) is worse than 74.89% 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 has a better Debt to FCF ratio (5.65) than 68.51% of its industry peers.
A Debt/Equity ratio of 1.42 is on the high side and indicates that TCPC has dependencies on debt financing.
TCPC has a Debt to Equity ratio of 1.42. This is in the lower half of the industry: TCPC underperforms 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
TCPC has a Current Ratio of 3.62. This indicates that TCPC is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of TCPC (3.62) is better than 82.55% of its industry peers.
A Quick Ratio of 3.62 indicates that TCPC has no problem at all paying its short term obligations.
TCPC's Quick ratio of 3.62 is amongst the best of the industry. TCPC outperforms 82.55% of its industry peers.
| 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.
Measured over the past years, TCPC shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.37% on average per year.
Looking at the last year, TCPC shows a very negative growth in Revenue. The Revenue has decreased by -12.01% in the last year.
The Revenue has been growing slightly by 5.85% on average over the past years.
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
The Earnings Per Share is expected to decrease by -23.42% on average over the next years. This is quite bad
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
With a Price/Earnings ratio of 4.23, the valuation of TCPC can be described as very cheap.
95.32% of the companies in the same industry are more expensive than TCPC, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.25. TCPC is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 6.65 indicates a rather cheap valuation of TCPC.
TCPC's Price/Forward Earnings ratio is rather cheap when compared to the industry. TCPC is cheaper than 91.06% of the companies in the same industry.
TCPC is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.23 | ||
| Fwd PE | 6.65 |
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 91.91% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.57 | ||
| 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.
Compared to an average industry Dividend Yield of 6.19, TCPC pays a better dividend. On top of this TCPC pays more dividend than 94.04% 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 1.92.
| 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
TCPC has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-1212.12%
EPS Next 2Y-27.03%
EPS Next 3Y-23.42%
5.63
+0.05 (+0.9%)
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 Cap477.65M
Revenue(TTM)219.12M
Net Income(TTM)-9.19M
Analysts46.67
Price Target6.63 (17.76%)
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 | 4.23 | ||
| Fwd PE | 6.65 | ||
| P/S | 2.18 | ||
| P/FCF | 2.57 | ||
| P/OCF | 2.57 | ||
| P/B | 0.65 | ||
| P/tB | 0.65 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.33
EY23.62%
EPS(NY)0.85
Fwd EY15.04%
FCF(TTM)2.19
FCFY38.95%
OCF(TTM)2.19
OCFY38.95%
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%.