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:
We started the process of determining a valid price forecast for BlackRock TCP Capital Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that BlackRock TCP Capital Corp ranked in the 72th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 170.67% on a DCF basis. The most interesting components of our discounted cash flow analysis for BlackRock TCP Capital Corp ended up being:
43% of the company's capital comes from equity, which is greater than just 15.23% 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 merely 0% of US stocks with positive free cash flow.
Relative to other stocks in its sector (Financial Services), BlackRock TCP Capital Corp has a reliance on debt greater than 77.91% of them.
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 TREE, PSEC, PGR, MMAC, and STC.
SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2020 on Thursday, February 25, 2021, prior to the opening of the financial markets. BlackRock TCP Capital Corp. will host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on Thursday, February 25, 2021 to discuss its financial results. All interested parties are invited to partic
On November 2, 2020, BlackRock TCP Capital (NASDAQ:TCPC) declared a dividend payable on December 31, 2020 to its shareholders. BlackRock TCP Capital also announced that shareholders on the company's books on or before December 17, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for BlackRock TCP Capital will be on December 16, 2020. The company's current dividend payout is at $0.3. That equates to a dividend yield of 12.97% at current price levels.Understanding Ex-Dividend Dates'An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record da...
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 third quarter ended September 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 September 30, 2020 was $20.1 million, or $0.35 per share on a diluted basis, compared with the dividend of $0.30 pe
SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it has advanced the date that it will report its financial results for the third quarter ended September 30, 2020. To minimize scheduling conflicts, TCPC will report its financial results for the third quarter ended September 30, 2020 on Monday, November 2, 2020, after the closing of the financial markets. Results had previously been scheduled to be reported on Thursday, November 5, prior to t
Brokerages expect BlackRock TCP Capital Corp (NASDAQ:TCPC) to post $40.86 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for BlackRock TCP Capital’s earnings, with the lowest sales estimate coming in at $40.51 million and the highest estimate coming in at $41.21 million. BlackRock TCP Capital posted sales of $51.64 […]