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Financial Services - Asset Management - NASDAQ - US
$ 7.82
0 %
$ 665 M
Market Cap
-12.61
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one TCPC stock under the worst case scenario is HIDDEN Compared to the current market price of 7.82 USD, BlackRock TCP Capital Corp. is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one TCPC stock under the base case scenario is HIDDEN Compared to the current market price of 7.82 USD, BlackRock TCP Capital Corp. is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one TCPC stock under the best case scenario is HIDDEN Compared to the current market price of 7.82 USD, BlackRock TCP Capital Corp. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart TCPC

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$9.5$9.5$9.0$9.0$8.5$8.5$8.0$8.0$7.5$7.5$7.0$7.0$6.5$6.5$6.0$6.015 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '25
FINANCIALS
20.8 M REVENUE
-90.08%
-62.6 M OPERATING INCOME
-40.50%
-63.1 M NET INCOME
-164.10%
293 M OPERATING CASH FLOW
217.05%
0 INVESTING CASH FLOW
0.00%
-314 M FINANCING CASH FLOW
-400.86%
39.1 M REVENUE
329.06%
20.9 M OPERATING INCOME
154.94%
40.9 M NET INCOME
206.14%
52.5 M OPERATING CASH FLOW
-26.73%
26.2 M INVESTING CASH FLOW
0.00%
-45 M FINANCING CASH FLOW
46.62%
Balance Sheet BlackRock TCP Capital Corp.
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Current Assets 122 M
Cash & Short-Term Investments 91.6 M
Receivables 28.1 M
Other Current Assets 2.36 M
Non-Current Assets 1.8 B
Long-Term Investments 0
PP&E 0
Other Non-Current Assets 1.8 B
4.76 %93.65 %Total Assets$1.9b
Current Liabilities 8.41 M
Accounts Payable 8.41 M
Short-Term Debt 0
Other Current Liabilities 0
Non-Current Liabilities 1.13 B
Long-Term Debt 1.12 B
Other Non-Current Liabilities 11.2 M
98.28 %Total Liabilities$1.1b
EFFICIENCY
Earnings Waterfall BlackRock TCP Capital Corp.
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Revenue 20.8 M
Cost Of Revenue 66.2 M
Gross Profit -45.4 M
Operating Expenses 17.2 M
Operating Income -62.6 M
Other Expenses 523 K
Net Income -63.1 M
30m30m20m20m10m10m00(10m)(10m)(20m)(20m)(30m)(30m)(40m)(40m)(50m)(50m)(60m)(60m)(70m)(70m)21m(66m)(45m)(17m)(63m)(523k)(63m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
-218.61% GROSS MARGIN
-218.61%
-301.54% OPERATING MARGIN
-301.54%
-304.06% NET MARGIN
-304.06%
-8.04% ROE
-8.04%
-3.28% ROA
-3.28%
-3.30% ROIC
-3.30%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis BlackRock TCP Capital Corp.
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300m300m250m250m200m200m150m150m100m100m50m50m00(50m)(50m)(100m)(100m)(150m)(150m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -63.1 M
Depreciation & Amortization 0
Capital Expenditures 0
Stock-Based Compensation 0
Change in Working Capital -6.54 M
Others 347 M
Free Cash Flow 293 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets BlackRock TCP Capital Corp.
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Wall Street analysts predict an average 1-year price target for TCPC of $8.25 , with forecasts ranging from a low of $8 to a high of $8.5 .
TCPC Lowest Price Target Wall Street Target
8 USD 2.30%
TCPC Average Price Target Wall Street Target
8.25 USD 5.50%
TCPC Highest Price Target Wall Street Target
8.5 USD 8.70%
Price
Max Price Target
Min Price Target
Average Price Target
1010101099998888777766Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
0.95% DIVIDEND YIELD
0.29 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
1.801.801.601.601.401.401.201.201.001.000.800.800.600.600.400.400.200.200.000.000.360.360.360.360.360.360.30.30.320.340.290.360.360.360.360.360.360.30.30.340.340.290.360.360.360.360.360.30.30.30.440.340.361.440.361.440.361.440.361.440.361.440.31.320.31.200.321.221.150.591.610.441.022015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 7
6. Ownership
Insider Ownership BlackRock TCP Capital Corp.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
102 K USD 2
0-3 MONTHS
150 K USD 3
3-6 MONTHS
269 K USD 3
6-9 MONTHS
291 K USD 3
9-12 MONTHS
7. News
BlackRock TCP Capital Corp (TCPC) Q1 2025 Earnings Call Transcript BlackRock TCP Capital Corp (NASDAQ:TCPC ) Q1 2025 Earnings Conference Call May 8, 2025 12:00 PM ET Company Participants Michaela Murray - IR Phil Tseng - Chairman, Co-CIO and CEO Jason Mehring - President Erik Cuellar - CFO Dan Worrell - Co-CIO Patrick Wolfe - COO Conference Call Participants Christopher Nolan - Ladenburg Thalmann Robert Dodd - Raymond James Paul Johnson - KBW Operator Ladies and gentlemen, good afternoon. Welcome everyone to BlackRock TCP Capital Corp. Q1 2025 Earnings Call. seekingalpha.com - 1 month ago
BlackRock TCP (TCPC) Tops Q1 Earnings Estimates BlackRock TCP (TCPC) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.45 per share a year ago. zacks.com - 1 month ago
BlackRock TCP Capital Corp. Announces First Quarter 2025 Financial Results Including Net Investment Income of $0.38 Per Share; Declares a Second Quarter Regular Dividend of $0.25 Per Share and a Special Dividend of $0.04 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 first quarter ended March 31, 2025 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS On a GAAP basis, net investment income for the quarter ended March 31, 2025 was $32.2 million, or $0.38 per share on a diluted basis, which exceeded the regular di. businesswire.com - 1 month ago
All That Glitters Is Not Gold, 2 BDCs To Avoid Before They Cut Again The BDC land consists of a small number of players, most of which have tiny market cap levels. Even though the asset class is relatively shallow and niche-like, we can still find some strong brand names operating here. Theoretically, this should provide an advantage in terms of accessing sizeable and high-quality private credit investments. seekingalpha.com - 1 month ago
BDC Weekly Review: BDCs Plunge On Macro Fears We take a look at the action in business development companies through the first week of April and highlight some of the key themes we are watching. BDCs faced significant losses, with average returns around -9% on the week with valuations dropping below historical averages. Valuation uncertainty is high due to quarterly NAV declarations and systemic/idiosyncratic factors; estimated NAV drops are 2-3% from Q4 levels. seekingalpha.com - 2 months ago
BlackRock TCP Capital Corp. to Report First Quarter Ended March 31, 2025 Financial Results on May 8, 2025 SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it will report its financial results for the first quarter ended March 31, 2025 on Thursday, May 8, 2025, prior to the opening of the financial markets. BlackRock TCP Capital Corp. will also host a conference call at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time) on Thursday, May 8, 2025, to discuss its financial results. All interested parties are invited to participate in the conference ca. businesswire.com - 2 months ago
3 Stocks Trading Under $10 That Deliver Massive Ultra-High-Yield Dividends Investors love dividend stocks, especially the ultra-high-yield variety because they offer a significant income stream and have massive total return potential. 247wallst.com - 2 months ago
Dividend Cut Alert: 1 BDC And 1 REIT With Likely Lower Dividends In 2025 The current market environment suggests a potential recession, leading investors to favor durable and income-producing assets. BDCs and REITs are likely to be among the key beneficiaries here. However, with REITs and especially BDCs investors have to be careful in order to avoid falling in a value trap. seekingalpha.com - 2 months ago
The Moment Of Truth For BDC Dividend Investors Is Close As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are. seekingalpha.com - 3 months ago
BDC Weekly Review: JPMorgan Muscling In On Private Credit Turf We take a look at the action in business development companies through the last week of February and highlight some of the key themes we are watching. BDCs remained flat amid volatile risk sentiment, with TCPC underperforming due to a poor quarter and dividend cut, while February saw slight overall gains for the sector. JPMorgan's $50bn direct lending initiative and merger of its commercial and investment banks could increase competition for BDCs in corporate lending. seekingalpha.com - 3 months ago
BlackRock TCP Capital Corp (TCPC) Q4 2024 Earnings Call Transcript BlackRock TCP Capital Corp (NASDAQ:TCPC ) Q4 2024 Results Conference Call February 27, 2025 1:00 PM ET Company Participants Michaela Murray - Investor Relations Phil Tseng - Chairman & Chief Executive Officer Erik Cuellar - Chief Financial Officer Dan Worrell - Co-CIO Jason Mehring - President Conference Call Participants Finian O'Shea - Wells Fargo Securities Robert Dodd - Raymond James Christopher Nolan - Ladenburg Thalmann Operator Ladies and gentlemen, good afternoon. Welcome everyone to BlackRock TCP Capital Corp's Fourth Quarter and Year-Ended 2024 Earnings Conference Call. seekingalpha.com - 3 months ago
BlackRock TCP (TCPC) Q4 Earnings Top Estimates BlackRock TCP (TCPC) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.44 per share a year ago. zacks.com - 3 months ago
8. Profile Summary

BlackRock TCP Capital Corp. TCPC

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COUNTRY US
INDUSTRY Asset Management
MARKET CAP $ 665 M
Dividend Yield 0.95%
Description 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.
Contact 2951 28th Street, Santa Monica, CA, 90405 https://www.tcpcapital.com
IPO Date April 4, 2012
Employees None
Officers Mr. Robert G. DiPaolo CPA Managing Director Ms. Michaela Murray Investor Relations Mr. Dan Worrell Co-Chief Investment Officer Mr. Erik L. Cuellar CPA Chief Financial Officer Ms. Ariel Hazzard Chief Compliance Officer Mr. Jason A. Mehring President Mr. Patrick Wolfe Chief Operating Officer Ms. Diana N. Huffman Esq. General Counsel Mr. Philip M. Tseng Chief Executive Officer, Co-Chief Investment Officer & Chairman Mr. Laurence D. Paredes Esq. Secretary