TCPC's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 227.31 -- higher than 86.06% of US-listed equities with positive expected earnings growth.
The ratio of debt to operating expenses for BlackRock TCP Capital Corp is higher than it is for about 99.19% of US stocks.
Shareholder yield, a measure of how much is returned to shareholders via dividends and share repurchases, for TCPC comes in at 13.44% -- higher than that of 83.75% of stocks in our set.
Stocks that are quantitatively similar to TCPC, based on their financial statements, market capitalization, and price volatility, are LNC, AINV, NGG, EPD, and PSEC.
TCP Capital Corp. is an externally-managed specialty finance company. The Company, which operates as a business development company, focuses on lending to middle-market U.S. companies to achieve high total returns through current income and capital appreciation. The company was founded in 1999 and is based in Santa Monica, California.
TCPC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for TCPC, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that BlackRock TCP Capital Corp ranked in the 53th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 50.33% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for TCPC, they are:
The company's debt burden, as measured by earnings divided by interest payments, is 0.87 -- which is good for besting only 24.62% of its peer stocks (US stocks in the Financial Services sector with positive cash flow).
37% of the company's capital comes from equity, which is greater than only 18.96% of stocks in our cash flow based forecasting set.
BlackRock TCP Capital Corp'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.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of BlackRock TCP Capital Corp? See PROS, JEF, CNA, CME, and NGHC.
BlackRock TCP Capital (TCPC) prices $50M offering of 3.9% notes due 2024. Upon the issuance of these notes, the outstanding aggregate principal amount of the company’s 3.9% notes due 2024 will be $250M.The company intends to use the net proceeds in the repayment of its credit facilities and for other general corporate...
BlackRock TCP Capital Corp (TCPC) is a Business Development Corp. specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States. The fund typically invests between $10 million and...
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SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (NASDAQ: TCPC) (“we,” “us,” “our,” “TCPC” or the “Company”) announced today that Brian Wruble retired from the Board of Directors effective August 4, 2020. Additionally, TCPC appointed Andrea Petro as an independent director. Ms. Petro will serve on the Audit Committee, Governance and Compensation Committee, and Joint Transactions Committee. “Brian has served as a board member to funds managed by TCPC’s Advisor for 16 years, inc
SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (“we,” “us,” “our,” “TCPC” or the “Company”), a business development company (NASDAQ: TCPC), today announced its financial results for the second quarter ended June 30, 2020 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS Net investment income for the quarter ended June 30, 2020 was $21.1 million, or $0.36 per share on a diluted basis, compared with the dividend of $0.36 per share p