BlackRock TCP Capital Corp. (TCPC)

BlackRock TCP Capital Statistics

Total Valuation

TCPC has a market cap or net worth of $766.90 million. The enterprise value is $1.82 billion.

Market Cap	766.90M
Enterprise Value	1.82B

Important Dates

The next estimated earnings date is Thursday, February 27, 2025, before market open.

Earnings Date	Feb 27, 2025
Ex-Dividend Date	Dec 17, 2024

Share Statistics

TCPC has 85.59 million shares outstanding. The number of shares has increased by 25.97% in one year.

Current Share Class	85.59M
Shares Outstanding	85.59M
Shares Change (YoY)	+25.97%
Shares Change (QoQ)	n/a
Owned by Insiders (%)	0.43%
Owned by Institutions (%)	20.34%
Float	n/a

Valuation Ratios

PE Ratio	n/a
Forward PE	6.03
PS Ratio	2.62
Forward PS	2.95
PB Ratio	0.89
P/TBV Ratio	0.89
P/FCF Ratio	2.93
P/OCF Ratio	2.93
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	7.32
EV / EBITDA	n/a
EV / EBIT	9.63
EV / FCF	6.97

Financial Position

The company has a current ratio of 5.99, with a Debt / Equity ratio of 1.34.

Current Ratio	5.99
Quick Ratio	5.94
Debt / Equity	1.34
Debt / EBITDA	n/a
Debt / FCF	4.43
Interest Coverage	2.92

Financial Efficiency

Return on equity (ROE) is -4.74% and return on invested capital (ROIC) is 6.34%.

Return on Equity (ROE)	-4.74%
Return on Assets (ROA)	6.28%
Return on Capital (ROIC)	6.34%
Revenue Per Employee	n/a
Profits Per Employee	n/a
Employee Count	n/a
Asset Turnover	0.13
Inventory Turnover	n/a

Taxes

In the past 12 months, TCPC has paid $198,711 in taxes.

Income Tax	198,711
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -22.52% in the last 52 weeks. The beta is 1.55, so TCPC's price volatility has been higher than the market average.

Beta (5Y)	1.55
52-Week Price Change	-22.52%
50-Day Moving Average	8.91
200-Day Moving Average	9.55
Relative Strength Index (RSI)	57.18
Average Volume (20 Days)	557,704

Short Selling Information

The latest short interest is 1.23 million, so 1.43% of the outstanding shares have been sold short.

Short Interest	1.23M
Short Previous Month	1.87M
Short % of Shares Out	1.43%
Short % of Float	n/a
Short Ratio (days to cover)	1.77

Income Statement

In the last 12 months, TCPC had revenue of $249.04 million and -$37.90 million in losses. Loss per share was -$0.52.

Revenue	249.04M
Gross Profit	249.04M
Operating Income	189.38M
Pretax Income	-46.71M
Net Income	-37.90M
EBITDA	n/a
EBIT	189.38M
Loss Per Share	-$0.52

Balance Sheet

The company has $104.18 million in cash and $1.16 billion in debt, giving a net cash position of -$1.06 billion or -$12.34 per share.

Cash & Cash Equivalents	104.18M
Total Debt	1.16B
Net Cash	-1.06B
Net Cash Per Share	-$12.34
Equity (Book Value)	865.64M
Book Value Per Share	10.11
Working Capital	109.94M

Cash Flow

Operating Cash Flow	261.79M
Capital Expenditures	n/a
Free Cash Flow	261.79M
FCF Per Share	$3.06

Margins

Gross margin is 100.00%, with operating and profit margins of 76.04% and -15.22%.

Gross Margin	100.00%
Operating Margin	76.04%
Pretax Margin	-15.14%
Profit Margin	-15.22%
EBITDA Margin	n/a
EBIT Margin	76.04%
FCF Margin	105.12%

Dividends & Yields

This stock pays an annual dividend of $1.36, which amounts to a dividend yield of 15.18%.

Dividend Per Share	$1.36
Dividend Yield	15.18%
Dividend Growth (YoY)	8.80%
Years of Dividend Growth	3
Payout Ratio	n/a
Buyback Yield	-25.97%
Shareholder Yield	-10.79%
Earnings Yield	-4.94%
FCF Yield	34.14%

Analyst Forecast

The average price target for TCPC is $8.88, which is -0.89% lower than the current price. The consensus rating is "Hold".

Price Target	$8.88
Price Target Difference	-0.89%
Analyst Consensus	Hold
Analyst Count	7
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

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

TCPC has an Altman Z-Score of 0.62 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	0.62
Piotroski F-Score	4