BlackRock TCP Capital Corp.

BlackRock TCP Capital Corp.

TCPCยทNASDAQ

$3.73

-4.8%
Financial ServicesAsset Management

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million including complex situations. It prefers to make equity investments in companies for an ownership stake.

At a Glance

Live Snapshot
Market Cap$312.96M
EPS-1.0500
P/E Ratio-3.55
Earnings Date08/06/2026
BlackRock TCP Capital Corp.

BlackRock TCP Capital Corp. Fair Value Envelope

TCPC ยท NASDAQ

Our analysis suggests that TCPC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $3.73, this represents a potential HIDDEN relative to our calculated worth for BlackRock TCP Capital Corp..

Intrinsic Value
Current Price: $3.73

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$150.4M
+ Cash & Equivalents$61.1M
Firm Value$211.5M
- Debt$1.0B
Equity Value-$824.1M
/ Shares Outstanding85,036,467B
DCF Value-$10
OVERVALUED BY 360%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$81.9M
$43.3M
$22.9M
$12.1M
$6.4M
$3.4M
$1.8M
$942.9K
$498.3K
$263.4K
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$81.9M
$43.3M
$22.9M
$12.1M
$6.4M
$3.4M
$1.8M
$942.9K
$498.3K
$263.4K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$75.8M
$37.1M
$18.2M
$8.9M
$4.3M
$2.1M
$1.0M
$509.4K
$249.3K
$122.0K
Terminal Value represents 1.4% of Enterprise Value