BlackRock TCP Capital Corp. (TCPC): Price and Financial Metrics


BlackRock TCP Capital Corp. (TCPC): $14.51

0.01 (+0.07%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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Industry: Private Equity


Ranked

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TCPC Stock Summary

  • TCPC's current price/earnings ratio is 11.74, which is higher than just 18.1% of US stocks with positive earnings.
  • The ratio of debt to operating expenses for BlackRock TCP Capital Corp is higher than it is for about 99.18% of US stocks.
  • BlackRock TCP Capital Corp's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 17.57%, greater than the shareholder yield of 89.4% of stocks in our set.
  • Stocks that are quantitatively similar to TCPC, based on their financial statements, market capitalization, and price volatility, are PNNT, AINV, LNC, FDUS, and OFS.
  • TCPC's SEC filings can be seen here. And to visit BlackRock TCP Capital Corp's official web site, go to www.tcpcapital.com.

TCPC Stock Price Chart Interactive Chart >

Price chart for TCPC

TCPC Price/Volume Stats

Current price $14.51 52-week high $15.07
Prev. close $14.50 52-week low $6.97
Day low $14.43 Volume 135,700
Day high $14.56 Avg. volume 301,729
50-day MA $13.68 Dividend yield 8.28%
200-day MA $11.32 Market Cap 838.20M

BlackRock TCP Capital Corp. (TCPC) Company Bio


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

Current PriceDCF Fair Value Target: Forecasted Gain:
$14.51$46.64 222%

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 77th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 223.17% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of BlackRock TCP Capital Corp, consider:

  • 50% of the company's capital comes from equity, which is greater than just 17.55% of stocks in our cash flow based forecasting set.
  • BlackRock TCP Capital Corp's weighted average cost of capital (WACC) is 9%; for context, that number is higher than only 15.86% of tickers in our DCF set.
  • As a business, BlackRock TCP Capital Corp experienced a tax rate of about 0% over the past twelve months; relative to its sector (Financial Services), this tax rate is higher than only 0% of stocks generating free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%215%
1%218%
2%222%
3%225%
4%228%
5%231%

MCY, AJG, ESNT, L, and ACGL can be thought of as valuation peers to TCPC, in the sense that they are in the Financial Services sector and have a similar price forecast based on DCF valuation.


TCPC Latest News Stream


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Latest TCPC News From Around the Web

Below are the latest news stories about BlackRock TCP Capital Corp that investors may wish to consider to help them evaluate TCPC as an investment opportunity.

BlackRock TCP Capital Corp. Schedules Earnings Release and Conference Call for the First Quarter Ended March 31, 2021

BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it will report its financial results for the first quarter ended March 31, 2021 on Wednesday, May 5, 2021, prior to the opening of the financial markets.

Yahoo | April 15, 2021

Clearwater Analytics Appoints Kathleen A. Corbet to Board

BOISE, Idaho--(BUSINESS WIRE)--Clearwater Analytics, an industry-leading SaaS solution for automated investment data aggregation, reconciliation, accounting, and reporting, announced today that it has added financial services executive Ms. Kathleen A. Corbet to its Board of Directors. Ms. Corbet currently serves on the Boards of MassMutual Financial Group, Waveny LifeCare Network, and BlackRock TCP Capital Corp. She is the founder and principal of Cross Ridge Capital, LLC, a venture capital and

Business Wire | March 22, 2021

2 “Strong Buy” Dividend Stocks Yielding 8%

The Nasdaq made a sharp reversal this week, leading the markets’ surge and swinging back into positive territory for the year. The prospects of a $1.9 trillion stimulus package, steadying rates, economic growth, and a retreating pandemic are all reasons for optimism.    The question on everyone’s lips, is does the turnaround indicate the bull market can officially resume? Not so fast, says RBC Capital’s head of U.S. equity strategy Lori Calvasina. “Our work on positioning suggests that the big tech unwind may be at least halfway done, but isn’t finished,” Calvasina noted.

Michael Marcus on TipRanks | March 12, 2021

BlackRock TCP Capital Corp (TCPC) Q4 2020 Earnings Call Transcript

TCPC earnings call for the period ending December 31, 2020.

Yahoo | February 26, 2021

BlackRock TCP Capital Corp. Announces 2020 Financial Results Including Fourth Quarter Net Investment Income of $0.35 Per Share; Declares First Quarter Dividend of $0.30 Per Share; 35 Consecutive Quarters of Dividend Coverage

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 fourth quarter and year ended December 31, 2020 and filed its Form 10-K with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS Net investment income for the quarter ended December 31, 2020 was $20.0 million, or $0.35 per share on a diluted basis, which exceeded the dividend of

Business Wire | February 25, 2021

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TCPC Price Returns

1-mo 2.98%
3-mo 23.61%
6-mo 54.73%
1-year 117.71%
3-year 39.32%
5-year 64.13%
YTD 31.75%
2020 -9.17%
2019 19.31%
2018 -5.59%
2017 -1.22%
2016 33.27%

TCPC Dividends

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