First Eagle Alternative Capital BDC, Inc. (FCRD): Price and Financial Metrics
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FCRD POWR Grades
- Stability is the dimension where FCRD ranks best; there it ranks ahead of 63.3% of US stocks.
- The strongest trend for FCRD is in Growth, which has been heading down over the past 127 days.
- FCRD's current lowest rank is in the Value metric (where it is better than 30.37% of US stocks).
FCRD Stock Summary
- FCRD's current price/earnings ratio is 3.51, which is higher than just 2.68% of US stocks with positive earnings.
- Of note is the ratio of First Eagle Alternative Capital BDC Inc's sales and general administrative expense to its total operating expenses; 97.54% of US stocks have a lower such ratio.
- For FCRD, its debt to operating expenses ratio is greater than that reported by 98% of US equities we're observing.
- Stocks that are quantitatively similar to FCRD, based on their financial statements, market capitalization, and price volatility, are SAR, OXSQ, LXP, ICMB, and PTMN.
- Visit FCRD's SEC page to see the company's official filings. To visit the company's web site, go to www.thlcredit.com.
FCRD Valuation Summary
- FCRD's price/sales ratio is 4.7; this is 291.67% higher than that of the median Financial Services stock.
- Over the past 133 months, FCRD's price/sales ratio has gone down $88.6.
- FCRD's price/earnings ratio has moved down $348.3 over the prior 133 months.
Below are key valuation metrics over time for FCRD.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| FCRD | 2017-11-02 | 3.6 | 0.8 | 12.1 | 15.7 |
| FCRD | 2017-10-13 | 3.7 | 0.8 | 12.4 | 15.8 |
| FCRD | 2016-12-06 | 3.9 | 0.9 | 65.4 | 30.9 |
| FCRD | 2016-04-22 | 3.9 | 0.9 | 13.1 | 17.0 |
| FCRD | 2015-03-04 | 4.8 | 0.9 | 9.6 | 12.9 |
| FCRD | 2010-07-19 | 95.8 | 0.9 | 361.2 | 91.0 |
FCRD Price Target
For more insight on analysts targets of FCRD, see our FCRD price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.
| Average Price Target | $4.50 | Average Broker Recommendation | 2 (Hold) |
FCRD Stock Price Chart Interactive Chart >
FCRD Price/Volume Stats
| Current price | $4.56 | 52-week high | $4.79 |
| Prev. close | $4.55 | 52-week low | $2.37 |
| Day low | $4.56 | Volume | 2,406 |
| Day high | $4.56 | Avg. volume | 63,098 |
| 50-day MA | $4.46 | Dividend yield | 8.79% |
| 200-day MA | $3.69 | Market Cap | 137.30M |
First Eagle Alternative Capital BDC, Inc. (FCRD) Company Bio
THL Credit, Inc. is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers. The fund does not intend to invest in start-up companies, operationally distressed situations, or companies with speculative business plans. The fund invests primarily in debt securities, including unsecured subordinated or mezzanine debt and second lien secured debt, which may include an associated equity component such as warrants, preferred stock, options to buy minority interest, and other similar securities. Its investments may also include high-yield bonds, private equity investments, securities of public companies that are broadly traded, and securities of non-United States companies. It seeks to invest in outsourced business services, healthcare, financials, retailing, media, and consumer discretionary. The fund may make direct equity investments, including equity investments into or through funds, and also selectively invest in syndicated first lien secured loans, including unitranche investments. It seeks to invest between $10 million and $25 million of capital per transaction in companies with annual revenues ranging from $25 million to $500 million and annual EBITDA between $5 million and $25 million. The fund prefers to be a lead or sole investor in a transaction.
FCRD Price Forecast Based on DCF Valuation
| Current Price | DCF Fair Value Target: | Forecasted Gain: |
| $4.56 | $2 | -56% |
Below please find a table outlining a discounted cash flow forecast for FCRD, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that First Eagle Alternative Capital BDC Inc ranked in the 33th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 55.67%. As for the metrics that stood out in our discounted cash flow analysis of First Eagle Alternative Capital BDC Inc, consider:
- In the past 5.75 years, First Eagle Alternative Capital BDC Inc has a compound free cash flow growth rate of -0.09%; that's higher than only 15.71% of free cash flow generating stocks in the Financial Services sector.
- First Eagle Alternative Capital BDC Inc's weighted average cost of capital (WACC) is 8%; for context, that number is higher than only 1.44% of tickers in our DCF set.
| Terminal Growth Rate in Free Cash Flow | Return Relative to Current Share Price |
| 0% | -57% |
| 1% | -56% |
| 2% | -56% |
| 3% | -55% |
| 4% | -55% |
| 5% | -55% |
For other companies in the Financial Services that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as FCRD, try MSCI, GDOT, SEIC, FCFS, and FDS.
Latest FCRD News From Around the Web
Below are the latest news stories about First Eagle Alternative Capital BDC Inc that investors may wish to consider to help them evaluate FCRD as an investment opportunity.
First Eagle Alternative Capital BDC, Inc. Prices Public Offering of 5.00% Notes due 2026BOSTON, May 18, 2021 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) (“First Eagle Alternative Capital BDC” or the “Company”) announced that it priced a public offering of $60,000,000 aggregate principal amount of 5.00% Notes due 2026 (the “Notes”). The Notes will mature on May 25, 2026 and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after May 25, 2023. The Notes will bear interest at a rate of 5.00% per year payable quarterly on March 30, June 30, September 30 and December 30 of each year, beginning September 30, 2021. The Company also granted the underwriters a 30-day option to purchase up to an additional $9,000,000 in aggregate principal amount of Notes to cover overallotments, if any. The Company ex... |
First Eagle Alternative Capital BDC Reports First Quarter 2021 Financial Results and Declares a Dividend of $0.10 Per ShareBOSTON, May 06, 2021 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) (“First Eagle Alternative Capital BDC” or the “Company”), a direct lender to middle market companies, today announced financial results for its first fiscal quarter ended March 31, 2021. Additionally, the Company announced that its Board of Directors (the “Board”) has declared a second fiscal quarter 2021 dividend of $0.10 per share payable on June 30, 2021, to stockholders of record as of June 15, 2021. HIGHLIGHTS ($ in millions, except per share amounts) Portfolio resultsAs of March 31, 2021 Total assets$386.3 Investment portfolio, at fair value$363.0 Net assets$191.7 Net asset value per share$6.37 Weighted average yield on investments7.0% Quarter EndedMarch 31, 2021Quarter EndedMarch 31,... |
First Eagle Alternative Capital BDC Reports Fourth Quarter 2020 Financial Results and Declares a Dividend of $0.10 Per ShareBOSTON, March 04, 2021 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) (“First Eagle Alternative Capital BDC” or the “Company”), a direct lender to middle market companies, today announced financial results for its fourth fiscal quarter and year ended December 31, 2020. Additionally, the Company announced that its Board of Directors (the “Board”) has declared a first fiscal quarter 2021 dividend of $0.10 per share payable on March 31, 2021, to stockholders of record as of March 15, 2021. HIGHLIGHTS ($ in millions, except per share amounts) Portfolio resultsAs of Dec. 31, 2020 Total assets$356.4 Investment portfolio, at fair value$337.7 Net assets$185.2 Net asset value per share$6.15 Weighted average yield on investments 7.1% Year endedDec. 31, 2020Quarter en... |
First Eagle Alternative Credit COO & CFO Terry Olson to RetireBOSTON, Jan. 20, 2021 (GLOBE NEWSWIRE) -- First Eagle Alternative Credit, LLC today announced that Terry Olson, chief operating officer and chief financial officer, has elected to retire effective June 30, 2021. The Company will implement a plan that includes a search to identify a replacement CFO and transition of Olson’s operating responsibilities. “On behalf of everyone at First Eagle, I extend our heartfelt gratitude to Terry for his many years of service and important contributions to our growth and success,” said Chris Flynn, President of First Eagle Alternative Credit. “He has helped make us a better business, a more cohesive team, and played a vital role as we joined forces with First Eagle over the last year. We appreciate his commitment to assuring a seamless transition to his... |
10 Best Finance Stocks to Buy Right Now According to Leon CoopermanIn this article we present the list of 10 Best Finance Stocks to Buy Right Now According to Leon Cooperman. Click to skip ahead and see the 5 Best Finance Stocks to Buy Right Now According to Leon Cooperman. Leon Cooperman, the Chairman and CEO of investment advisory firm Omega Advisors, is a titan of the […] |
FCRD Price Returns
| 1-mo | 2.77% |
| 3-mo | 16.80% |
| 6-mo | 29.55% |
| 1-year | 72.90% |
| 3-year | -10.64% |
| 5-year | -16.18% |
| YTD | 30.97% |
| 2020 | -29.84% |
| 2019 | 17.59% |
| 2018 | -23.02% |
| 2017 | 1.29% |
| 2016 | 6.16% |
FCRD Dividends
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