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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.12
TCPC's Cash to Debt is ranked lower than
52% of the 1256 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.32 vs. TCPC: 0.12 )
TCPC' s 10-Year Cash to Debt Range
Min: 0.08   Max: No Debt
Current: 0.12

Equity to Asset 0.58
TCPC's Equity to Asset is ranked higher than
98% of the 1647 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.09 vs. TCPC: 0.58 )
TCPC' s 10-Year Equity to Asset Range
Min: 0.55   Max: 0.69
Current: 0.58

0.55
0.69
Interest Coverage 46.32
TCPC's Interest Coverage is ranked higher than
98% of the 1502 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.25 vs. TCPC: 46.32 )
TCPC' s 10-Year Interest Coverage Range
Min: 46.32   Max: 218.85
Current: 46.32

46.32
218.85
F-Score: 3
Z-Score: 1.40
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 80.84
TCPC's Operating margin (%) is ranked higher than
99% of the 1646 Companies
in the Global Specialty Finance industry.

( Industry Median: 29.41 vs. TCPC: 80.84 )
TCPC' s 10-Year Operating margin (%) Range
Min: 80.38   Max: 83.63
Current: 80.84

80.38
83.63
Net-margin (%) 92.67
TCPC's Net-margin (%) is ranked higher than
99% of the 1665 Companies
in the Global Specialty Finance industry.

( Industry Median: 21.71 vs. TCPC: 92.67 )
TCPC' s 10-Year Net-margin (%) Range
Min: 12.34   Max: 148.27
Current: 92.67

12.34
148.27
ROE (%) 11.51
TCPC's ROE (%) is ranked higher than
87% of the 1668 Companies
in the Global Specialty Finance industry.

( Industry Median: 8.17 vs. TCPC: 11.51 )
TCPC' s 10-Year ROE (%) Range
Min: 2.83   Max: 11.51
Current: 11.51

2.83
11.51
ROA (%) 7.89
TCPC's ROA (%) is ranked higher than
99% of the 1668 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.74 vs. TCPC: 7.89 )
TCPC' s 10-Year ROA (%) Range
Min: 1.67   Max: 7.89
Current: 7.89

1.67
7.89
» TCPC's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

TCPC Guru Trades in Q3 2013

Paul Tudor Jones 47,733 sh (New)
George Soros 36,900 sh (New)
Pioneer Investments 84,272 sh (+476.65%)
NWQ Managers 338,912 sh (+11.85%)
» More
Q4 2013

TCPC Guru Trades in Q4 2013

Paul Tudor Jones 76,384 sh (+60.02%)
Pioneer Investments 84,272 sh (unchged)
NWQ Managers 307,812 sh (-9.18%)
George Soros 12,200 sh (-66.94%)
» More
Q1 2014

TCPC Guru Trades in Q1 2014

Manning & Napier Advisors, Inc 18,500 sh (New)
Pioneer Investments 529,424 sh (+528.23%)
George Soros Sold Out
NWQ Managers 290,212 sh (-5.72%)
Paul Tudor Jones 36,400 sh (-52.35%)
» More
Q2 2014

TCPC Guru Trades in Q2 2014

George Soros 44,600 sh (New)
Manning & Napier Advisors, Inc 39,410 sh (+113.03%)
Pioneer Investments 610,092 sh (+15.24%)
Paul Tudor Jones 26,200 sh (-28.02%)
NWQ Managers 64,262 sh (-77.86%)
» More
» Details

Insider Trades

Latest Guru Trades with TCPC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
George Soros 2014-06-30 New Buy0.01%$15.8 - $18.31 $ 17.283%44600
George Soros 2014-03-31 Sold Out $16.36 - $17.97 $ 17.281%0
George Soros 2013-12-31 Reduce -66.94%$15.98 - $17.42 $ 17.283%12200
George Soros 2013-09-30 New Buy0.01%$14.99 - $16.8 $ 17.288%36900
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 9.80
TCPC's P/E(ttm) is ranked higher than
88% of the 1831 Companies
in the Global Specialty Finance industry.

( Industry Median: 15.10 vs. TCPC: 9.80 )
TCPC' s 10-Year P/E(ttm) Range
Min: 8.33   Max: 55.04
Current: 9.8

8.33
55.04
P/B 1.10
TCPC's P/B is ranked higher than
68% of the 1831 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.20 vs. TCPC: 1.10 )
TCPC' s 10-Year P/B Range
Min: 0.94   Max: 1.19
Current: 1.1

0.94
1.19
P/S 6.80
TCPC's P/S is ranked lower than
76% of the 1831 Companies
in the Global Specialty Finance industry.

( Industry Median: 3.06 vs. TCPC: 6.80 )
TCPC' s 10-Year P/S Range
Min: 5.41   Max: 29.63
Current: 6.8

5.41
29.63
EV-to-EBIT 11.40
TCPC's EV-to-EBIT is ranked higher than
84% of the 1831 Companies
in the Global Specialty Finance industry.

( Industry Median: 18.09 vs. TCPC: 11.40 )
TCPC' s 10-Year EV-to-EBIT Range
Min: 6.7   Max: 13.3
Current: 11.4

6.7
13.3

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 8.40
TCPC's Dividend Yield is ranked higher than
98% of the 1412 Companies
in the Global Specialty Finance industry.

( Industry Median: 2.46 vs. TCPC: 8.40 )
TCPC' s 10-Year Dividend Yield Range
Min: 2.21   Max: 9.33
Current: 8.4

2.21
9.33
Dividend Payout 0.82
TCPC's Dividend Payout is ranked higher than
68% of the 1831 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.49 vs. TCPC: 0.82 )
TCPC' s 10-Year Dividend Payout Range
Min: 0.58   Max: 1.21
Current: 0.82

0.58
1.21
Yield on cost (5-Year) 8.40
TCPC's Yield on cost (5-Year) is ranked higher than
92% of the 1425 Companies
in the Global Specialty Finance industry.

( Industry Median: 2.70 vs. TCPC: 8.40 )
TCPC' s 10-Year Yield on cost (5-Year) Range
Min: 2.21   Max: 9.33
Current: 8.4

2.21
9.33

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.10
TCPC's Price/Tangible Book is ranked higher than
75% of the 1831 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.40 vs. TCPC: 1.10 )
TCPC' s 10-Year Price/Tangible Book Range
Min: 0.98   Max: 1.19
Current: 1.1

0.98
1.19
Price/Median PS Value 1.00
TCPC's Price/Median PS Value is ranked higher than
70% of the 1831 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.10 vs. TCPC: 1.00 )
TCPC' s 10-Year Price/Median PS Value Range
Min: 0.86   Max: 4.18
Current: 1

0.86
4.18
Price/Graham Number 0.70
TCPC's Price/Graham Number is ranked higher than
88% of the 1831 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.00 vs. TCPC: 0.70 )
TCPC' s 10-Year Price/Graham Number Range
Min: 0.64   Max: 0.84
Current: 0.7

0.64
0.84
Earnings Yield (Greenblatt) 8.80
TCPC's Earnings Yield (Greenblatt) is ranked higher than
77% of the 1599 Companies
in the Global Specialty Finance industry.

( Industry Median: 6.90 vs. TCPC: 8.80 )
TCPC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 7.5   Max: 14.9
Current: 8.8

7.5
14.9

Business Description

Industry: Banks » Specialty Finance
Compare: » details
Traded in other countries:8TC.Germany
TCP Capital Corp is incorporated in the state of Delaware on April 2, 2012 and is an externally managed, closed-end, non-diversified management investment company. The Company is an externally-managed specialty finance company focused on middle-market lending. The Company has elected to be regulated as a business development company. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. The Company invests primarily in debt of private, middle-market companies with enterprise values typically between $100 million and $1.5 billion, including complex situations requiring specialized industry knowledge. While it invests primarily in senior debt instruments, it has the flexibility to provide financing solutions at any level of the capital structure. Its target investments are generally in companies with established market positions, proven and differentiated products and strong regional or national operations. At December 31, 2011, its existing investment portfolio consisted of debt and equity positions in 41 portfolio companies. The company's investment activities benefit from the competitive advantages of its investment advisor, Tennenbaum Capital Partners, LLC.
» More Articles for TCPC

Headlines

Articles On GuruFocus.com
CEO/Officer of Advisor of TCP Capital Corp Howard Levkowitz Bought 10,000 Shares Aug 15 2013 

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TCP Capital Corp. Announces Pricing Of Public Offering Of Common Shares Jul 29 2014
TCP Capital Corp. Announces Pricing Of Public Offering Of Common Shares Jul 29 2014
TCP Capital Corp. Announces Public Offering Of Common Shares Jul 28 2014
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Buy These Top 3 Buy-Rated Dividend Stocks Today: TCAP, TCPC, PNNT Jul 21 2014
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Buy-Rated Dividend Stocks: Top 3 Companies: TCPC, HIHO, MMLP Jul 10 2014
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TCP Capital Corp. Schedules Second Quarter 2014 Earnings Release and Conference Call Jul 02 2014
TCP Capital Corp. Schedules Second Quarter 2014 Earnings Release and Conference Call Jul 02 2014

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