BLACKROCK TCP CAPITAL CORP. Financials BlackRock TCP Capital Corp.
Equities
TCPC
US09259E1082
Investment Management & Fund Operators
|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.38 USD | -0.34% |
|
+4.43% | -10.14% |
| 03:23pm | Oppenheimer Adjusts BlackRock TCP Capital Price Target to $10 From $11, Maintains Perform Rating | MT |
| 05-01 | Transcript : BlackRock TCP Capital Corp., Q1 2024 Earnings Call, May 01, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 825.7 | 649.3 | 780.4 | 747.5 | 666.6 | 891.9 | - |
| Enterprise Value (EV) 1 | 780.8 | 649.3 | 780.4 | 747.5 | 666.6 | 891.9 | 891.9 |
| P/E ratio | 27 x | 9.14 x | 5.82 x | -80.9 x | 17.2 x | 6.83 x | 6.59 x |
| Yield | 10.2% | 11.7% | 8.88% | 9.43% | 11.6% | 13.1% | 13.4% |
| Capitalization / Revenue | 4.23 x | 3.77 x | 4.73 x | 4.13 x | 3.18 x | 3.36 x | 3.68 x |
| EV / Revenue | 4.23 x | 3.77 x | 4.73 x | 4.13 x | 3.18 x | 3.36 x | 3.68 x |
| EV / EBITDA | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - |
| Price to Book | 1.06 x | 0.85 x | 0.94 x | 1 x | 0.97 x | 0.92 x | 0.92 x |
| Nbr of stocks (in thousands) | 58,766 | 57,767 | 57,767 | 57,767 | 57,767 | 85,591 | - |
| Reference price 2 | 14.05 | 11.24 | 13.51 | 12.94 | 11.54 | 10.42 | 10.42 |
| Announcement Date | 20-02-26 | 21-02-25 | 22-02-24 | 23-02-28 | 24-02-29 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 195.2 | 172.1 | 165.1 | 181 | 209.3 | 265.4 | 242.6 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT | - | 124.5 | 113.5 | - | - | - | - |
| Operating Margin | - | 72.32% | 68.76% | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | 71.37 | 72.54 | -9.225 | - | 112.7 | 118.4 |
| Net income 1 | 30.58 | 71.37 | 133.8 | -9.225 | 38.47 | 99.46 | 121.7 |
| Net margin | 15.67% | 41.47% | 81.03% | -5.1% | 18.38% | 37.47% | 50.17% |
| EPS 2 | 0.5200 | 1.230 | 2.320 | -0.1600 | 0.6700 | 1.525 | 1.580 |
| Free Cash Flow | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | 1.440 | 1.320 | 1.200 | 1.220 | 1.340 | 1.360 | 1.393 |
| Announcement Date | 20-02-26 | 21-02-25 | 22-02-24 | 23-02-28 | 24-02-29 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 39.58 | 42.15 | 43.96 | 48.21 | 46.69 | 50.31 | 53.96 | 54.21 | 50.85 | 55.73 | 70.39 | 70.11 | 69.19 | 62.86 | 62.42 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 27.3 | 29.1 | 30.64 | 34.56 | - | - | 39.89 | - | - | - | - | - | - | - | - |
| Operating Margin | 68.96% | 69.04% | 69.71% | 71.69% | - | - | 73.93% | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 17.64 | 19.75 | 21.27 | 24.39 | -47.79 | 25.41 | 27.6 | 12.84 | -13.11 | 28.26 | 28.2 | 27.9 | 28.2 | - | - |
| Net income 1 | 32.58 | 12.45 | -0.1281 | 26.24 | -47.79 | 22.71 | 16.25 | 12.82 | -13.31 | 5.057 | 34.61 | 33.42 | 32.94 | 31.31 | 31.03 |
| Net margin | 82.32% | 29.53% | -0.29% | 54.43% | -102.35% | 45.15% | 30.12% | 23.65% | -26.18% | 9.07% | 49.16% | 47.66% | 47.61% | 49.81% | 49.71% |
| EPS 2 | 0.5700 | 0.2200 | - | 0.4500 | -0.8300 | 0.3900 | 0.2800 | 0.2200 | -0.2300 | 0.0800 | 0.4260 | 0.4080 | 0.4060 | 0.4000 | 0.3960 |
| Dividend per Share 2 | 0.3000 | 0.3000 | 0.3000 | 0.3000 | 0.3200 | 0.3200 | 0.3400 | 0.3400 | 0.3400 | - | 0.3400 | 0.3400 | 0.3400 | 0.3500 | 0.3500 |
| Announcement Date | 22-02-24 | 22-05-04 | 22-08-03 | 22-11-03 | 23-02-28 | 23-05-04 | 23-08-03 | 23-11-02 | 24-02-29 | 24-05-01 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | 44.8 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 11.8% | 10.8% | 9.1% | 11.2% | 14.9% | 12.4% | 13.1% |
| ROA (Net income/ Total Assets) | 5.61% | 4.9% | 4.1% | 4.89% | 6.23% | 5.93% | 5.49% |
| Assets 1 | 545.1 | 1,455 | 3,263 | -188.5 | 617.1 | 1,677 | 2,217 |
| Book Value Per Share 2 | 13.20 | 13.20 | 14.40 | 12.90 | 11.90 | 11.30 | 11.30 |
| Cash Flow per Share 2 | 0.0800 | 2.110 | - | - | 1.600 | 1.480 | 1.340 |
| Capex | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - |
| Announcement Date | 20-02-26 | 21-02-25 | 22-02-24 | 23-02-28 | 24-02-29 | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
10.42
USD
Average target price
11
USD
Spread / Average Target
+5.57%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.14% | 892M | |
| -9.43% | 84.86B | |
| +16.66% | 84.18B | |
| +13.20% | 25.63B | |
| -6.09% | 17.39B | |
| -0.64% | 14.72B | |
| +8.20% | 14.28B | |
| -22.83% | 11.98B | |
| +22.88% | 9.96B | |
| +22.21% | 8.68B |
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- Financials BlackRock TCP Capital Corp.
