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


BlackRock TCP Capital Corp. (TCPC)

Today's Latest Price: $9.76 USD

0.31 (3.28%)

Updated Sep 25 4:00pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 55 in Private Equity

See all "A" rated Strong Buy stocks

TCPC Stock Summary

  • 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.
  • Visit TCPC's SEC page to see the company's official filings. To visit the company's web site, go to www.tcpcapital.com.
TCPC Daily Price Range
TCPC 52-Week Price Range

TCPC Stock Price Chart Technical Analysis Charts


TCPC Price/Volume Stats

Current price $9.76 52-week high $14.76
Prev. close $9.45 52-week low $4.02
Day low $9.47 Volume 231,579
Day high $9.79 Avg. volume 439,569
50-day MA $9.81 Dividend yield 12.3%
200-day MA $10.50 Market Cap 563.81M

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:
$9.76$14.15 50%

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 FlowReturn Relative to Current Share Price
0%47%
1%48%
2%50%
3%51%
4%52%
5%54%

Want more companies with a valuation profile/forecast similar to that of BlackRock TCP Capital Corp? See PROS, JEF, CNA, CME, and NGHC.


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 prices $50M notes offering

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...

Seeking Alpha | September 25, 2020

12% Yield, 20% Discount: BlackRock TCP Capital

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...

Double Dividend Stocks on Seeking Alpha | September 19, 2020

3 Big Dividend Stocks Yielding Over 8%; JMP Says ‘Buy’

From the end of March through the end of August, stocks had a tremendous runup to record high levels. The gains completely wiped out the losses from the mid-winter ‘coronavirus collapse,’ and it looked like we were in for a sustained run of good days. But all of that changed as September rang in. The market hit a bump, and has been undergoing a correction. The Nasdaq is down nearly 7%, and volatility has been high so far this month.A new report from Canaccord's Tony Dwyer puts the situation into perspective by pointing out the major source of uncertainty: “In a true statement of the obvious,” he writes, “this is the most complicated election-year setup we could possibly have.” He goes on to note the four most important ‘unknown’ factors: how the voting will actually happen this year...

Yahoo | September 18, 2020

BlackRock TCP Capital Corp. Announces Appointment of Andrea Petro to Its Board Following the Retirement of Brian Wruble

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

Business Wire | August 6, 2020

BlackRock TCP Capital Corp. Announces Second Quarter 2020 Financial Results Including Net Investment Income of $0.36 Per Share

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

Business Wire | August 6, 2020

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TCPC Price Returns

1-mo 1.61%
3-mo 11.64%
6-mo 66.86%
1-year -18.54%
3-year -17.81%
5-year 20.89%
YTD -23.06%
2019 19.31%
2018 -5.59%
2017 -1.22%
2016 33.27%
2015 -8.73%

TCPC Dividends

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