BlackRock TCP Capital Corp. (TCPC)

NASDAQ: TCPC · IEX Real-Time Price · USD
10.43
+0.05 (0.48%)
At close: Mar 28, 2024, 4:00 PM
10.29
-0.14 (-1.34%)
After-hours: Mar 28, 2024, 7:25 PM EDT

Total Valuation

TCPC has a market cap or net worth of $892.72 million. The enterprise value is $1.78 billion.

Market Cap 892.72M
Enterprise Value 1.78B

Important Dates

The next estimated earnings date is Thursday, May 2, 2024, before market open.

Earnings Date May 2, 2024
Ex-Dividend Date Mar 13, 2024

Share Statistics

TCPC has 85.59 million shares outstanding.

Shares Outstanding 85.59M
Shares Change (YoY) n/a
Shares Change (QoQ) n/a
Owned by Insiders (%) 0.22%
Owned by Institutions (%) 16.60%
Float n/a

Valuation Ratios

The trailing PE ratio is 15.57 and the forward PE ratio is 5.93. TCPC's PEG ratio is 0.88.

PE Ratio 15.57
Forward PE 5.93
PS Ratio 4.26
Forward PS 3.79
PB Ratio 1.30
P/FCF Ratio 9.66
PEG Ratio 0.88
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 20.58, with an EV/FCF ratio of 19.21.

EV / Earnings 46.16
EV / Sales 8.48
EV / EBITDA 20.58
EV / EBIT 20.58
EV / FCF 19.21

Financial Position

Current Ratio n/a
Quick Ratio n/a
Debt / Equity 1.45
Debt / EBITDA 11.54
Debt / FCF 10.77
Interest Coverage 1.80

Financial Efficiency

Return on equity (ROE) is 5.30% and return on invested capital (ROIC) is 9.19%.

Return on Equity (ROE) 5.30%
Return on Assets (ROA) 2.20%
Return on Capital (ROIC) 9.19%
Revenue Per Employee n/a
Profits Per Employee n/a
Employee Count n/a
Asset Turnover 0.12
Inventory Turnover n/a

Taxes

Income Tax n/a
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +3.99% in the last 52 weeks. The beta is 1.47, so TCPC's price volatility has been higher than the market average.

Beta (1Y) 1.47
52-Week Price Change +3.99%
50-Day Moving Average 10.92
200-Day Moving Average 11.44
Relative Strength Index (RSI) 47.37
Average Volume (30 Days) 480,639

Short Selling Information

The latest short interest is 1.87 million, so 2.18% of the outstanding shares have been sold short.

Short Interest 1.87M
Short Previous Month 1.65M
Short % of Shares Out 2.18%
Short % of Float n/a
Short Ratio (days to cover) 3.82

Income Statement

In the last 12 months, TCPC had revenue of $209.33 million and earned $38.47 million in profits. Earnings per share was $0.67.

Revenue 209.33M
Gross Profit 162.71M
Operating Income 154.61M
Pretax Income 38.47M
Net Income 38.47M
EBITDA 86.29M
EBIT 86.29M
Earnings Per Share (EPS) $0.67
Full Income Statement

Balance Sheet

The company has $112.24 million in cash and $995.61 million in debt, giving a net cash position of -$883.37 million or -$10.32 per share.

Cash & Cash Equivalents 112.24M
Total Debt 995.61M
Net Cash -883.37M
Net Cash Per Share -$10.32
Equity / Book Value 687.60M
Book Value Per Share 8.03
Working Capital n/a
Full Balance Sheet

Cash Flow

Operating Cash Flow 92.45M
Capital Expenditures n/a
Free Cash Flow 92.45M
FCF Per Share $1.60
Full Cash Flow Statement

Margins

Gross margin is 77.73%, with operating and profit margins of 73.86% and 18.38%.

Gross Margin 77.73%
Operating Margin 73.86%
Pretax Margin 18.38%
Profit Margin 18.38%
EBITDA Margin 41.22%
EBIT Margin 41.22%
FCF Margin 44.17%

Dividends & Yields

This stock pays an annual dividend of $1.36, which amounts to a dividend yield of 13.04%.

Dividend Per Share $1.36
Dividend Yield 13.04%
Dividend Growth (YoY) -44.68%
Years of Dividend Growth n/a
Payout Ratio 202.99%
Buyback Yield n/a
Shareholder Yield 13.04%
Earnings Yield 4.31%
FCF Yield 10.36%
Dividend Details

Analyst Forecast

The average price target for TCPC is $11.30, which is 8.34% higher than the current price. The consensus rating is "Hold".

Price Target $11.30
Price Target Difference 8.34%
Analyst Consensus Hold
Analyst Count 7
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Altman Z-Score n/a
Piotroski F-Score 6