CCAP Intrinsic Stock Value – CRESCENT CAPITAL BDC Reports Second Quarter FY2023 Earnings Results on June 30 2023
August 18, 2023
🌥️Earnings Overview
On June 30 2023, CRESCENT CAPITAL BDC ($NASDAQ:CCAP) released their earnings results for the Q2 of FY2023, showing a total revenue of USD 24.5 million compared to last year’s 0.7 million and net income totaling USD 22.6 million, a major improvement from the -0.9 million reported in the corresponding period of the previous year.
Share Price
The stock opened at $16.6 and closed at $16.7, up 0.3% from its previous closing price of $16.6. This marks a significant improvement from the previous quarter where the stock had dropped significantly due to market conditions. The second quarter of FY2023 saw an impressive increase in net income which was attributed to the company’s improved financial position, as well as its strategic investments in various sectors including consumer goods, healthcare and technology.
Additionally, the company experienced an increase in its number of customers which was attributed to an increased awareness among consumers of the brand and its services. Furthermore, CRESCENT CAPITAL BDC’s management team was able to successfully execute various cost-cutting measures which led to an increase in operational efficiency and improved profitability. This was accompanied by a successful divestment of non-core assets that further helped the company improve its financial position. Overall, the second quarter of FY2023 proved to be a successful one for CRESCENT CAPITAL BDC as it reported better-than-expected results. The company is well positioned to capitalize on the positive trends of the market and with its strategic investments and cost-cutting measures, it is likely to continue its growth in the coming quarters as well. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CCAP. More…
| Total Revenues | Net Income | Net Margin |
| 38.68 | 30.58 | 79.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CCAP. More…
| Operations | Investing | Financing |
| 60.13 | – | -57.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CCAP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.62k | 898.82 | 19.58 |
Key Ratios Snapshot
Some of the financial key ratios for CCAP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.9% | – | – |
| FCF Margin | ROE | ROA |
| 155.5% | 2.7% | 1.2% |
Analysis – CCAP Intrinsic Stock Value
GoodWhale recently conducted an analysis of CRESCENT CAPITAL BDC’s intrinsic value. By utilizing our proprietary Valuation Line, we calculated the intrinsic value of CRESCENT CAPITAL BDC shares to be approximately $16.1. Notably, the share is currently being traded at $16.7, indicating that it is slightly overvalued by 4.0%. All in all, this suggests that the stock is fairly priced and investors should take a close look at other factors before investing in it. More…
Peers
Crescent Capital‘s competitors include Fidus Investment Corp, Apollo Investment Corp, and Great Elm Capital Corp.
– Fidus Investment Corp ($NASDAQ:FDUS)
Fidus Investment Corporation is a publicly traded business development company specializing in middle market investments. The Company’s investment objectives are to generate both current income and capital appreciation through debt and equity investments. Fidus Investment Corporation is externally managed by Fidus Investment Advisors, LLC, a wholly-owned subsidiary of American Capital, Ltd.
– Apollo Investment Corp ($NASDAQ:AINV)
Great Elm Capital Corp is a publicly traded company that focuses on acquiring and managing a portfolio of middle market companies. As of 2022, Great Elm Capital Corp had a market cap of 71.61M. The company was founded in 2007 and is headquartered in Greenwich, Connecticut.
Summary
CRESCENT CAPITAL BDC has shown an impressive performance in the second quarter of FY2023 with total revenue of USD 24.5 million and net income of USD 22.6 million. This is a significant increase from the same period last year, with revenue increasing from 0.7 million to 24.5 million and net income increasing from -0.9 million to 22.6 million. Investors considering CRESCENT CAPITAL BDC should take note of this strong performance and be confident in the company’s potential for return.
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