TCPC Intrinsic Stock Value – BLACKROCK TCP CAPITAL Announces Q2 2023 Earnings Results on June 30th
August 22, 2023
🌥️Earnings Overview
On June 30 2023, BLACKROCK TCP CAPITAL ($NASDAQ:TCPC) reported total revenue of USD 18.4 million for the second quarter of fiscal year 2023, compared to USD 2.1 million in the same quarter of the prior year. Net income also saw a significant increase, from -0.1 million in the same quarter last year to USD 16.2 million.
Market Price
On Thursday, June 30th, BLACKROCK TCP CAPITAL announced their Q2 2023 earnings results. The stock opened at $12.2 and closed at $12.3, representing a 2.1% increase from the previous closing price of 12.1. Overall, BLACKROCK TCP CAPITAL achieved impressive growth in their Q2 2023 earnings results, most notably with an increase in net income, total assets, and earnings per share from the prior period. The strong performance from BLACKROCK TCP CAPITAL may indicate positive investor sentiment in the company and could be seen as an indication that the stock is a solid investment opportunity for the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TCPC. More…
| Total Revenues | Net Income | Net Margin |
| 29.15 | 17.42 | 59.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TCPC. More…
| Operations | Investing | Financing |
| 173.24 | – | -99.54 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TCPC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.79k | 1.05k | 12.94 |
Key Ratios Snapshot
Some of the financial key ratios for TCPC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 54.8% | – | – |
| FCF Margin | ROE | ROA |
| 594.4% | 1.5% | 0.6% |
Analysis – TCPC Intrinsic Stock Value
At GoodWhale, we are dedicated to providing our users with insightful analysis of companies’ financials. Our analysis of BLACKROCK TCP CAPITAL revealed an intrinsic value of $9.1 per share, which was calculated using our proprietary Valuation Line. Currently, the stock is trading at $12.3, indicating that it is overvalued by 35.4%. Our analysis indicates that investors should be cautious when investing at this price point. Investors who are interested in this particular company may want to wait until the stock price falls closer to its intrinsic value before investing. We hope our analysis helps you make informed decisions when it comes to investing in BLACKROCK TCP CAPITAL or other stocks. More…
Peers
Pennant Park Investment Corp, Fidus Investment Corp, Apollo Investment Corp are all competitors of BlackRock TCP Capital Corp.
– Pennant Park Investment Corp ($NASDAQ:FDUS)
Fidus Investment Corporation is a publicly traded business development company that provides financing solutions for middle-market companies. The Company’s investment objective is to provide private equity and mezzanine capital to support the growth and recapitalization of middle-market companies. Fidus Investment Corporation is based in Los Angeles, California.
Summary
Investing in BLACKROCK TCP CAPITAL is looking quite favorable, with the company having reported a substantial increase in revenue and net income for the second quarter of 2023 compared to the same period last year. Net income rose significantly as well, jumping from -0.1 million to USD 16.2 million. This impressive performance makes BLACKROCK TCP CAPITAL a promising investment opportunity and warrants further examination of its financial records.
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