TCG BDC, Inc. is a non-diversified closed-end investment company. The fund operates as a business development company. The company provides debt investments in the U.S. middle market companies. It also invests in first lien and second lien senior secured loans; middle market junior loans, such as corporate mezzanine loans, equity co-investments, syndicated first lien and second lien senior secured loans, high-yield bonds, structured finance obligations, and other opportunistic investments. The company was founded in 2012 and is headquartered in New York, New York.
CGBD Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Tcg Bdc Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Tcg Bdc Inc ranked in the 82th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 588.5%. As for the metrics that stood out in our discounted cash flow analysis of Tcg Bdc Inc, consider:
The company has produced more trailing twelve month cash flow than merely 16.68% of its sector Financial Services.
Tcg Bdc Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Tcg Bdc Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.84. This coverage rate is greater than that of merely 19.83% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
RNR, AEL, HIG, LPLA, and ESNT can be thought of as valuation peers to CGBD, in the sense that they are in the Financial Services sector and have a similar price forecast based on DCF valuation.
In this article we will take a look at whether hedge funds think TCG BDC, Inc. (NASDAQ:CGBD) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data
Ladies and gentlemen, thank you for standing by, and welcome to TCG BDC's First Quarter 2020 Earnings Call. Last night, we issued an earnings press release and detailed earnings presentation with our quarterly results, a copy of which is available on TCG BDC's Investor Relations website.
TCG BDC, Inc. (CGBD) today announced preliminary estimates of certain financial results for its first quarter ended March 31, 2020, and provided a further business update. At TCG BDC, we are extremely focused on ensuring we work with our portfolio companies to sustain value through this unprecedented economy-wide demand shock. The expected forward economic environment will inevitably produce losses, but we are encouraged by our initial portfolio assessment and performance, as the senior orientation of our portfolio should position us to outperform over the cycle.