With a one year PEG ratio of 224.52, BlackRock TCP Capital Corp is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 85.23% of US stocks.
The ratio of debt to operating expenses for BlackRock TCP Capital Corp is higher than it is for about 99.19% 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 13.61%, greater than the shareholder yield of 84.65% of stocks in our set.
If you're looking for stocks that are quantitatively similar to BlackRock TCP Capital Corp, a group of peers worth examining would be LNC, AINV, NGG, EPD, and PSEC.
TCPC's SEC filings can be seen here. And to visit BlackRock TCP Capital Corp's official web site, go to www.tcpcapital.com.
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 54th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for BlackRock TCP Capital Corp ended up being:
38% of the company's capital comes from equity, which is greater than merely 17.69% 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.
Relative to other stocks in its sector (Financial Services), BlackRock TCP Capital Corp has a reliance on debt greater than 81.26% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
FFG, Y, GBL, NGHC, and IVZ 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.
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...
Double Dividend Stocks on Seeking Alpha | September 19, 2020
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