TCPC Relative Valuation
TCPC's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, TCPC is overvalued; if below, it's undervalued.
Historical Valuation
BlackRock TCP Capital Corp (TCPC) is now in the Undervalued zone, suggesting that its current forward PE ratio of 3.64 is considered Undervalued compared with the five-year average of 7.37. The fair price of BlackRock TCP Capital Corp (TCPC) is between 8.64 to 14.84 according to relative valuation methord. Compared to the current price of 6.13 USD , BlackRock TCP Capital Corp is Undervalued By 29.08%.
Relative Value
Fair Zone
8.64-14.84
Current Price：6.13
29.08%
Undervalued
3.72
PE
1Y
3Y
5Y
Trailing
Forward
0.00
EV/EBITDA
BlackRock TCP Capital Corp. (TCPC) has a current EV/EBITDA of 0.00. The 5-year average EV/EBITDA is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward EV/EBITDA of 0.00 falls within the Strongly Undervalued range.
0.00
EV/EBIT
BlackRock TCP Capital Corp. (TCPC) has a current EV/EBIT of 0.00. The 5-year average EV/EBIT is 12.38. The thresholds are as follows: Strongly Undervalued below -8.54, Undervalued between -8.54 and 1.92, Fairly Valued between 22.84 and 1.92, Overvalued between 22.84 and 33.31, and Strongly Overvalued above 33.31. The current Forward EV/EBIT of 0.00 falls within the Undervalued range.
1.92
PS
BlackRock TCP Capital Corp. (TCPC) has a current PS of 1.92. The 5-year average PS is 3.48. The thresholds are as follows: Strongly Undervalued below 1.65, Undervalued between 1.65 and 2.56, Fairly Valued between 4.40 and 2.56, Overvalued between 4.40 and 5.32, and Strongly Overvalued above 5.32. The current Forward PS of 1.92 falls within the Undervalued range.
4.42
P/OCF
BlackRock TCP Capital Corp. (TCPC) has a current P/OCF of 4.42. The 5-year average P/OCF is 6.73. The thresholds are as follows: Strongly Undervalued below -20.37, Undervalued between -20.37 and -6.82, Fairly Valued between 20.28 and -6.82, Overvalued between 20.28 and 33.83, and Strongly Overvalued above 33.83. The current Forward P/OCF of 4.42 falls within the Historic Trend Line -Fairly Valued range.
0.00
P/FCF
BlackRock TCP Capital Corp. (TCPC) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.
BlackRock TCP Capital Corp (TCPC) has a current Price-to-Book (P/B) ratio of 0.54. Compared to its 3-year average P/B ratio of 0.82 , the current P/B ratio is approximately -34.09% higher. Relative to its 5-year average P/B ratio of 0.88, the current P/B ratio is about -38.58% higher. BlackRock TCP Capital Corp (TCPC) has a Forward Free Cash Flow (FCF) yield of approximately 32.67%. Compared to its 3-year average FCF yield of 22.63%, the current FCF yield is approximately 44.35% lower. Relative to its 5-year average FCF yield of 16.19% , the current FCF yield is about 101.79% lower.
0.55
P/B
Median3y
0.82
Median5y
0.88
31.92
FCF Yield
Median3y
22.63
Median5y
16.19
Competitors Valuation Multiple
The average P/S ratio for TCPC's competitors is 0.00, providing a benchmark for relative valuation. BlackRock TCP Capital Corp Corp (TCPC) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of -18.89%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of TCPC decreased by 27.33% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 36.86 to 51.19.
The secondary factor is the Revenue Growth, contributed -18.89%to the performance.
Overall, the performance of TCPC in the past 1 year is driven by Margin Expansion. Which is more sustainable.
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FAQ
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