(TCPC) BlackRock TCP Capital - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US09259E1082
Stock: Debt, Equity, Middle-Market, Loans, Mezzanine
Total Rating 19
Risk 59
Buy Signal -1.32
| Risk 5d forecast | |
|---|---|
| Volatility | 50.0% |
| Relative Tail Risk | -7.45% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.63 |
| Alpha | -58.55 |
| Character TTM | |
|---|---|
| Beta | 0.697 |
| Beta Downside | 1.060 |
| Drawdowns 3y | |
|---|---|
| Max DD | 57.13% |
| CAGR/Max DD | -0.34 |
EPS (Earnings per Share)
Revenue
Description: TCPC BlackRock TCP Capital February 27, 2026
BlackRock TCP Capital Corp. (NASDAQ: TCPC) is a Business Development Company that focuses on direct equity and debt placements in U.S. middle-market firms across a broad array of sectors-including communications, retail, energy, healthcare, biotech, and technology. The firm typically provides senior secured or mezzanine financing ranging from $10 million to $35 million to companies with enterprise values of $100 million to $1.5 billion, while also pursuing equity stakes for ownership upside.
As of the latest Q1 2026 filing, TCPC reported a net asset value (NAV) of $10.48 per share and paid a quarterly dividend of $0.85, translating to an annualized yield of roughly 11.5%. The BDC’s loan portfolio has a weighted-average interest rate of 7.2%, reflecting the higher-rate environment that is boosting spread income for middle-market lenders. Additionally, demand for telecom infrastructure upgrades-driven by 5G rollout and increased data consumption-has emerged as a key sector catalyst supporting TCPC’s investment thesis.
For deeper insights, you might explore the ValueRay platform.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income: 109.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -8.95 > 1.0 |
| NWC/Revenue: 60.95% < 20% (prev 547.2%; Δ -486.3% < -1%) |
| CFO/TA 0.06 > 3% & CFO 103.9m > Net Income 109.8m |
| Net Debt (-61.1m) to EBITDA (129.2m): -0.47 < 3 |
| Current Ratio: 5.49 > 1.5 & < 3 |
| Outstanding Shares: last quarter (85.0m) vs 12m ago -0.40% < -2% |
| Gross Margin: 52.53% > 18% (prev -2.34%; Δ 5487 % > 0.5%) |
| Asset Turnover: 6.20% > 50% (prev 1.08%; Δ 5.12% > 0%) |
| Interest Coverage Ratio: 0.80 > 6 (EBITDA TTM 129.2m / Interest Expense TTM 62.6m) |
Altman Z'' -1.50
| A: 0.04 (Total Current Assets 82.6m - Total Current Liabilities 15.0m) / Total Assets 1.65b |
| B: -0.60 (Retained Earnings -990.7m / Total Assets 1.65b) |
| C: 0.03 (EBIT TTM 50.3m / Avg Total Assets 1.79b) |
| D: 0.00 (Book Value of Equity 84.6k / Total Liabilities 1.05b) |
| Altman-Z'' Score: -1.50 = CCC |
Beneish M
| DSRI: 0.14 (Receivables 21.5m/28.1m, Revenue 110.8m/20.8m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: none (AQ_t none / AQ_t-1 none) |
| SGI: 5.34 (Revenue 110.8m / 20.8m) |
| TATA: 0.00 (NI 109.8m - CFO 103.9m) / TA 1.65b) |
| Beneish M-Score: cannot calculate (missing components) |
What is the price of TCPC shares?
As of March 06, 2026, the stock is trading at USD 3.97 with a total of 1,603,271 shares traded.
Over the past week, the price has changed by -11.97%, over one month by -19.64%, over three months by -32.02% and over the past year by -43.23%.
Over the past week, the price has changed by -11.97%, over one month by -19.64%, over three months by -32.02% and over the past year by -43.23%.
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.
- StrongBuy: 0
- Buy: 0
- Hold: 4
- Sell: 0
- StrongSell: 1
What are the forecasts/targets for the TCPC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 4.3 | 9.1% |
| Analysts Target Price | 4.3 | 9.1% |
TCPC Fundamental Data Overview March 06, 2026
P/E Forward = 4.065
P/S = 1.5991
P/B = 0.4706
P/EG = 0.8818
Revenue TTM = 110.8m USD
EBIT TTM = 50.3m USD
EBITDA TTM = 129.2m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 1.05b USD (from shortLongTermDebtTotal, two quarters ago)
Net Debt = -61.1m USD (from netDebt column, last quarter)
Enterprise Value = 1.34b USD (350.4m + Debt 1.05b - CCE 61.1m)
Interest Coverage Ratio = 0.80 (Ebit TTM 50.3m / Interest Expense TTM 62.6m)
EV/FCF = 12.91x (Enterprise Value 1.34b / FCF TTM 103.9m)
FCF Yield = 7.75% (FCF TTM 103.9m / Enterprise Value 1.34b)
FCF Margin = 93.75% (FCF TTM 103.9m / Revenue TTM 110.8m)
Net Margin = 99.13% (Net Income TTM 109.8m / Revenue TTM 110.8m)
Gross Margin = 52.53% ((Revenue TTM 110.8m - Cost of Revenue TTM 52.6m) / Revenue TTM)
Gross Margin QoQ = 87.62% (prev 60.02%)
Tobins Q-Ratio = 0.81 (Enterprise Value 1.34b / Total Assets 1.65b)
Interest Expense / Debt = 1.27% (Interest Expense 13.3m / Debt 1.05b)
Taxrate = 21.0% (US default 21%)
NOPAT = 39.7m (EBIT 50.3m * (1 - 21.00%))
Current Ratio = 5.49 (Total Current Assets 82.6m / Total Current Liabilities 15.0m)
Debt / Equity = 1.76 (Debt 1.05b / totalStockholderEquity, last quarter 598.0m)
Debt / EBITDA = -0.47 (Net Debt -61.1m / EBITDA 129.2m)
Debt / FCF = -0.59 (Net Debt -61.1m / FCF TTM 103.9m)
Total Stockholder Equity = 715.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.15% (Net Income 109.8m / Total Assets 1.65b)
RoE = 15.36% (Net Income TTM 109.8m / Total Stockholder Equity 715.0m)
RoCE = 3.07% (EBIT 50.3m / Capital Employed (Total Assets 1.65b - Current Liab 15.0m))
RoIC = 2.13% (NOPAT 39.7m / Invested Capital 1.86b)
WACC = 2.87% (E(350.4m)/V(1.40b) * Re(8.48%) + D(1.05b)/V(1.40b) * Rd(1.27%) * (1-Tc(0.21)))
Discount Rate = 8.48% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 21.29%
[DCF] Terminal Value 87.23% ; FCFF base≈179.6m ; Y1≈197.6m ; Y5≈253.2m
[DCF] Fair Price = 88.81 (EV 7.47b - Net Debt -61.1m = Equity 7.54b / Shares 84.8m; r=5.90% [WACC]; 5y FCF grow 11.50% → 2.90% )
EPS Correlation: -42.14 | EPS CAGR: -5.05% | SUE: 0.07 | # QB: 0
Revenue Correlation: -31.00 | Revenue CAGR: -11.09% | SUE: -0.02 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.20 | Chg7d=-0.025 | Chg30d=-0.025 | Revisions Net=-1 | Analysts=4
EPS current Year (2026-12-31): EPS=0.78 | Chg7d=-0.117 | Chg30d=-0.117 | Revisions Net=+0 | Growth EPS=-39.5% | Growth Revenue=-24.0%
EPS next Year (2027-12-31): EPS=0.63 | Chg7d=-0.068 | Chg30d=-0.068 | Revisions Net=-1 | Growth EPS=-18.4% | Growth Revenue=-8.8%
[Analyst] Revisions Ratio: -0.33 (1 Up / 2 Down within 30d for Next Quarter)
P/S = 1.5991
P/B = 0.4706
P/EG = 0.8818
Revenue TTM = 110.8m USD
EBIT TTM = 50.3m USD
EBITDA TTM = 129.2m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 1.05b USD (from shortLongTermDebtTotal, two quarters ago)
Net Debt = -61.1m USD (from netDebt column, last quarter)
Enterprise Value = 1.34b USD (350.4m + Debt 1.05b - CCE 61.1m)
Interest Coverage Ratio = 0.80 (Ebit TTM 50.3m / Interest Expense TTM 62.6m)
EV/FCF = 12.91x (Enterprise Value 1.34b / FCF TTM 103.9m)
FCF Yield = 7.75% (FCF TTM 103.9m / Enterprise Value 1.34b)
FCF Margin = 93.75% (FCF TTM 103.9m / Revenue TTM 110.8m)
Net Margin = 99.13% (Net Income TTM 109.8m / Revenue TTM 110.8m)
Gross Margin = 52.53% ((Revenue TTM 110.8m - Cost of Revenue TTM 52.6m) / Revenue TTM)
Gross Margin QoQ = 87.62% (prev 60.02%)
Tobins Q-Ratio = 0.81 (Enterprise Value 1.34b / Total Assets 1.65b)
Interest Expense / Debt = 1.27% (Interest Expense 13.3m / Debt 1.05b)
Taxrate = 21.0% (US default 21%)
NOPAT = 39.7m (EBIT 50.3m * (1 - 21.00%))
Current Ratio = 5.49 (Total Current Assets 82.6m / Total Current Liabilities 15.0m)
Debt / Equity = 1.76 (Debt 1.05b / totalStockholderEquity, last quarter 598.0m)
Debt / EBITDA = -0.47 (Net Debt -61.1m / EBITDA 129.2m)
Debt / FCF = -0.59 (Net Debt -61.1m / FCF TTM 103.9m)
Total Stockholder Equity = 715.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.15% (Net Income 109.8m / Total Assets 1.65b)
RoE = 15.36% (Net Income TTM 109.8m / Total Stockholder Equity 715.0m)
RoCE = 3.07% (EBIT 50.3m / Capital Employed (Total Assets 1.65b - Current Liab 15.0m))
RoIC = 2.13% (NOPAT 39.7m / Invested Capital 1.86b)
WACC = 2.87% (E(350.4m)/V(1.40b) * Re(8.48%) + D(1.05b)/V(1.40b) * Rd(1.27%) * (1-Tc(0.21)))
Discount Rate = 8.48% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 21.29%
[DCF] Terminal Value 87.23% ; FCFF base≈179.6m ; Y1≈197.6m ; Y5≈253.2m
[DCF] Fair Price = 88.81 (EV 7.47b - Net Debt -61.1m = Equity 7.54b / Shares 84.8m; r=5.90% [WACC]; 5y FCF grow 11.50% → 2.90% )
EPS Correlation: -42.14 | EPS CAGR: -5.05% | SUE: 0.07 | # QB: 0
Revenue Correlation: -31.00 | Revenue CAGR: -11.09% | SUE: -0.02 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.20 | Chg7d=-0.025 | Chg30d=-0.025 | Revisions Net=-1 | Analysts=4
EPS current Year (2026-12-31): EPS=0.78 | Chg7d=-0.117 | Chg30d=-0.117 | Revisions Net=+0 | Growth EPS=-39.5% | Growth Revenue=-24.0%
EPS next Year (2027-12-31): EPS=0.63 | Chg7d=-0.068 | Chg30d=-0.068 | Revisions Net=-1 | Growth EPS=-18.4% | Growth Revenue=-8.8%
[Analyst] Revisions Ratio: -0.33 (1 Up / 2 Down within 30d for Next Quarter)