(TCPC) BlackRock TCP Capital - Ratings and Ratios
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US09259E1082
Senior Loans, Mezzanine Debt, Equity Stakes, Middle-Market
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 18.62% |
| Yield on Cost 5y | 15.80% |
| Yield CAGR 5y | 2.55% |
| Payout Consistency | 94.9% |
| Payout Ratio | 112.4% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 26.4% |
| Value at Risk 5%th | 40.6% |
| Relative Tail Risk | -6.36% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.09 |
| Alpha | -40.71 |
| CAGR/Max DD | -0.35 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.578 |
| Beta | 0.699 |
| Beta Downside | 0.899 |
| Drawdowns 3y | |
|---|---|
| Max DD | 43.55% |
| Mean DD | 18.44% |
| Median DD | 17.52% |
Description: TCPC BlackRock TCP Capital December 25, 2025
BlackRock TCP Capital Corp. (NASDAQ: TCPC) is a Business Development Company (BDC) that focuses on direct equity and debt placements in U.S. middle-market companies, typically deploying $10 million–$35 million of debt into firms with enterprise values of $100 million–$1.5 billion. The firm’s sector coverage is broad, spanning communications, retail, energy, healthcare, biotech, engineering, and technology-related services, and it prefers equity stakes when opportunities arise.
As of the most recent filing, TCPC reported a net asset value (NAV) of roughly $1.2 billion and a dividend yield near 8%, reflecting the higher-yield mandate common to BDCs. The company’s leverage ratio sits around 1.5 × EBITDA, aligning with industry norms that balance income generation against credit risk. Current macro drivers-such as the Federal Reserve’s policy tightening and a tightening credit market-have heightened demand for private-credit solutions among middle-market firms that face constrained bank financing.
For a deeper, data-driven view of TCPC’s valuation metrics and risk profile, you might explore the analytics on ValueRay to see how its fundamentals stack up against peers.
Piotroski VR‑10 (Strict, 0-10) 1.5
| Net Income (-9.19m TTM) > 0 and > 6% of Revenue (6% = 4.00m TTM) |
| FCFTA 0.07 (>2.0%) and ΔFCFTA -5.09pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 115.7% (prev 135.7%; Δ -19.97pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.07 (>3.0%) and CFO 135.0m > Net Income -9.19m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 10.17 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (85.0m) change vs 12m ago -0.65% (target <= -2.0% for YES) |
| Gross Margin 1.57% (prev 26.85%; Δ -25.28pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 3.45% (prev 4.33%; Δ -0.88pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -0.13 (EBITDA TTM -8.67m / Interest Expense TTM 65.5m) >= 6 (WARN >= 3) |
Altman Z'' -2.51
| (A) 0.04 = (Total Current Assets 85.5m - Total Current Liabilities 8.41m) / Total Assets 1.81b |
| (B) -0.55 = Retained Earnings (Balance) -990.7m / Total Assets 1.81b |
| (C) -0.00 = EBIT TTM -8.67m / Avg Total Assets 1.93b |
| (D) -0.93 = Book Value of Equity -990.6m / Total Liabilities 1.07b |
| Total Rating: -2.51 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 40.09
| 1. Piotroski 1.50pt |
| 2. FCF Yield 8.89% |
| 3. FCF Margin data missing |
| 4. Debt/Equity 1.51 |
| 5. Debt/Ebitda 7.03 |
| 6. ROIC - WACC (= -4.05)% |
| 7. RoE -1.21% |
| 8. Rev. Trend -38.29% |
| 9. EPS Trend -33.46% |
What is the price of TCPC shares?
As of December 30, 2025, the stock is trading at USD 5.37 with a total of 988,197 shares traded.
Over the past week, the price has changed by -0.56%, over one month by -7.14%, over three months by -8.35% and over the past year by -27.86%.
Over the past week, the price has changed by -0.56%, over one month by -7.14%, over three months by -8.35% and over the past year by -27.86%.
Is TCPC a buy, sell or hold?
BlackRock TCP Capital has received a consensus analysts rating of 2.60.
Therefor, it is recommend to hold TCPC.
- Strong Buy: 0
- Buy: 0
- Hold: 4
- Sell: 0
- Strong Sell: 1
What are the forecasts/targets for the TCPC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 6.5 | 21% |
| Analysts Target Price | 6.5 | 21% |
| ValueRay Target Price | 5.8 | 8.6% |
TCPC Fundamental Data Overview December 28, 2025
Market Cap USD = 461.5m (461.5m USD * 1.0 USD.USD)
P/E Forward = 5.2966
P/S = 2.1063
P/B = 0.6134
P/EG = 0.8818
Beta = 0.896
Revenue TTM = 66.6m USD
EBIT TTM = -8.67m USD
EBITDA TTM = -8.67m USD
Long Term Debt = unknown (none)
Short Term Debt = 92.0m USD (from shortTermDebt, last fiscal year)
Debt = 1.12b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -61.0m USD (from netDebt column, last quarter)
Enterprise Value = 1.52b USD (461.5m + Debt 1.12b - CCE 61.0m)
Interest Coverage Ratio = -0.13 (Ebit TTM -8.67m / Interest Expense TTM 65.5m)
FCF Yield = 8.89% (FCF TTM 135.0m / Enterprise Value 1.52b)
FCF Margin = 202.7% (FCF TTM 135.0m / Revenue TTM 66.6m)
Net Margin = -13.81% (Net Income TTM -9.19m / Revenue TTM 66.6m)
Gross Margin = 1.57% ((Revenue TTM 66.6m - Cost of Revenue TTM 65.5m) / Revenue TTM)
Gross Margin QoQ = 60.02% (prev -582.8%)
Tobins Q-Ratio = 0.84 (Enterprise Value 1.52b / Total Assets 1.81b)
Interest Expense / Debt = 1.50% (Interest Expense 16.8m / Debt 1.12b)
Taxrate = -0.83% (negative due to tax credits) (522.6k / -62.6m)
NOPAT = -8.74m (EBIT -8.67m * (1 - -0.83%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 10.17 (Total Current Assets 85.5m / Total Current Liabilities 8.41m)
Debt / Equity = 1.51 (Debt 1.12b / totalStockholderEquity, last quarter 740.0m)
Debt / EBITDA = 7.03 (negative EBITDA) (Net Debt -61.0m / EBITDA -8.67m)
Debt / FCF = -0.45 (Net Debt -61.0m / FCF TTM 135.0m)
Total Stockholder Equity = 761.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.51% (Net Income -9.19m / Total Assets 1.81b)
RoE = -1.21% (Net Income TTM -9.19m / Total Stockholder Equity 761.7m)
RoCE = -0.48% (EBIT -8.67m / Capital Employed (Total Assets 1.81b - Current Liab 8.41m))
RoIC = -0.47% (negative operating profit) (NOPAT -8.74m / Invested Capital 1.87b)
WACC = 3.58% (E(461.5m)/V(1.58b) * Re(8.59%) + D(1.12b)/V(1.58b) * Rd(1.50%) * (1-Tc(-0.01)))
Discount Rate = 8.59% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 21.33%
[DCF Debug] Terminal Value 77.75% ; FCFE base≈183.8m ; Y1≈202.2m ; Y5≈259.7m
Fair Price DCF = 48.05 (DCF Value 4.08b / Shares Outstanding 84.8m; 5y FCF grow 11.50% → 3.0% )
EPS Correlation: -33.46 | EPS CAGR: 0.85% | SUE: 0.12 | # QB: 0
Revenue Correlation: -38.29 | Revenue CAGR: 1.63% | SUE: -0.11 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.24 | Chg30d=+0.003 | Revisions Net=+0 | Analysts=4
EPS next Year (2026-12-31): EPS=0.89 | Chg30d=-0.033 | Revisions Net=+0 | Growth EPS=-29.2% | Growth Revenue=-13.4%
P/E Forward = 5.2966
P/S = 2.1063
P/B = 0.6134
P/EG = 0.8818
Beta = 0.896
Revenue TTM = 66.6m USD
EBIT TTM = -8.67m USD
EBITDA TTM = -8.67m USD
Long Term Debt = unknown (none)
Short Term Debt = 92.0m USD (from shortTermDebt, last fiscal year)
Debt = 1.12b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -61.0m USD (from netDebt column, last quarter)
Enterprise Value = 1.52b USD (461.5m + Debt 1.12b - CCE 61.0m)
Interest Coverage Ratio = -0.13 (Ebit TTM -8.67m / Interest Expense TTM 65.5m)
FCF Yield = 8.89% (FCF TTM 135.0m / Enterprise Value 1.52b)
FCF Margin = 202.7% (FCF TTM 135.0m / Revenue TTM 66.6m)
Net Margin = -13.81% (Net Income TTM -9.19m / Revenue TTM 66.6m)
Gross Margin = 1.57% ((Revenue TTM 66.6m - Cost of Revenue TTM 65.5m) / Revenue TTM)
Gross Margin QoQ = 60.02% (prev -582.8%)
Tobins Q-Ratio = 0.84 (Enterprise Value 1.52b / Total Assets 1.81b)
Interest Expense / Debt = 1.50% (Interest Expense 16.8m / Debt 1.12b)
Taxrate = -0.83% (negative due to tax credits) (522.6k / -62.6m)
NOPAT = -8.74m (EBIT -8.67m * (1 - -0.83%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 10.17 (Total Current Assets 85.5m / Total Current Liabilities 8.41m)
Debt / Equity = 1.51 (Debt 1.12b / totalStockholderEquity, last quarter 740.0m)
Debt / EBITDA = 7.03 (negative EBITDA) (Net Debt -61.0m / EBITDA -8.67m)
Debt / FCF = -0.45 (Net Debt -61.0m / FCF TTM 135.0m)
Total Stockholder Equity = 761.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.51% (Net Income -9.19m / Total Assets 1.81b)
RoE = -1.21% (Net Income TTM -9.19m / Total Stockholder Equity 761.7m)
RoCE = -0.48% (EBIT -8.67m / Capital Employed (Total Assets 1.81b - Current Liab 8.41m))
RoIC = -0.47% (negative operating profit) (NOPAT -8.74m / Invested Capital 1.87b)
WACC = 3.58% (E(461.5m)/V(1.58b) * Re(8.59%) + D(1.12b)/V(1.58b) * Rd(1.50%) * (1-Tc(-0.01)))
Discount Rate = 8.59% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 21.33%
[DCF Debug] Terminal Value 77.75% ; FCFE base≈183.8m ; Y1≈202.2m ; Y5≈259.7m
Fair Price DCF = 48.05 (DCF Value 4.08b / Shares Outstanding 84.8m; 5y FCF grow 11.50% → 3.0% )
EPS Correlation: -33.46 | EPS CAGR: 0.85% | SUE: 0.12 | # QB: 0
Revenue Correlation: -38.29 | Revenue CAGR: 1.63% | SUE: -0.11 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.24 | Chg30d=+0.003 | Revisions Net=+0 | Analysts=4
EPS next Year (2026-12-31): EPS=0.89 | Chg30d=-0.033 | Revisions Net=+0 | Growth EPS=-29.2% | Growth Revenue=-13.4%
Additional Sources for TCPC Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle