Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
BlackRock TCP CapitalTCPC -1.47%31 Intrinsic Value: Projected FCF is $25.33 as of Aug. 20, 2026, which is 3277% above its 10-year median of 0.75. GuruFocus rates TCPC with a GF Score™ of 31/100. Among 1,205 Asset Management companies, BlackRock TCP Capital ranks better than 97.01% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for BlackRock TCP Capital's Intrinsic Value: Projected FCF or its related term are showing as below:
TCPC'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.13 Med: 0.75 Max: 2.2
Current: 0.16
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of BlackRock TCP Capital was 2.20. The lowest was 0.13. And the median was 0.75.
TCPC's Price-to-Projected-FCF is ranked better than 97.01% of 1205
companies
in the Asset Management industry
Industry Median: 0.91
vs TCPC: 0.16
BlackRock TCP Capital (NAS:TCPC) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
BlackRock TCP Capital's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
4.03
/
25.329491299236
=
0.16
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BlackRock TCP Capital Intrinsic Value: Projected FCF Related Terms
BlackRock TCP Capital Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for BlackRock TCP Capital's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BlackRock TCP Capital Intrinsic Value: Projected FCF Chart
TCPC vs EOT, XFLT, TDF: Intrinsic Value: Projected FCF Comparison
For the Asset Management subindustry, BlackRock TCP Capital's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BlackRock TCP Capital Price-to-Projected-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock TCP Capital's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where BlackRock TCP Capital's Price-to-Projected-FCF falls into.
BlackRock TCP Capital Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Intrinsic Value: Projected FCF of $25.33 mean?
BlackRock TCP Capital (TCPC) has a Intrinsic Value: Projected FCF of $25.33 as of Aug. 20, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on BlackRock TCP Capital and its competitors. This is 3277% above median its historical median of 0.75. Over the past decade, BlackRock TCP Capital's Intrinsic Value: Projected FCF has ranged from 0.13 to 2.20. According to the industry distribution chart, BlackRock TCP Capital ranks #36 out of 1205 companies in the Asset Management industry, placing it in the top 3%.
Is BlackRock TCP Capital's Intrinsic Value: Projected FCF too high?
BlackRock TCP Capital's current Intrinsic Value: Projected FCF of $25.33 is 3277% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 2.20. The Asset Management industry median Intrinsic Value: Projected FCF is 0.91. BlackRock TCP Capital's value of $25.33 is 2683.5% above this industry median. Based on the distribution chart, BlackRock TCP Capital ranks #36 out of 1205 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, BlackRock TCP Capital has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock TCP Capital's Intrinsic Value: Projected FCF compare to EOT and XFLT?
According to the Asset Management industry distribution chart, BlackRock TCP Capital ranks #36 out of 1205 companies for Intrinsic Value: Projected FCF. This places BlackRock TCP Capital in the top 3% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.91. BlackRock TCP Capital's value of $25.33 is 2683.5% above this benchmark. Historically, BlackRock TCP Capital's own Intrinsic Value: Projected FCF has ranged from 0.13 to 2.20 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 0.91, BlackRock TCP Capital has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Asset Management company?
The median Intrinsic Value: Projected FCF among Asset Management companies is 0.91, based on 1,205 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock TCP Capital's current Intrinsic Value: Projected FCF of $25.33 is 2683.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on BlackRock TCP Capital and its competitors. For the Asset Management industry, the median Intrinsic Value: Projected FCF is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock TCP Capital's current Intrinsic Value: Projected FCF is $25.33, which is 3277% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock TCP Capital stock overvalued right now?
BlackRock TCP Capital (TCPC) has a current Intrinsic Value: Projected FCF of $25.33. The current Intrinsic Value: Projected FCF is $25.33, which is 3277% above median its 10-year median of 0.75 and 2683.5% above the Asset Management industry median of 0.91. BlackRock TCP Capital's overall GF Score™ is 31/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For BlackRock TCP Capital (TCPC), the current Intrinsic Value: Projected FCF is $25.33 as of Aug. 20, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
BlackRock TCP Capital Corp is an externally-managed specialty finance company focused on middle-market lending. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It seeks to achieve its investment objective through investments in debt securities of middle-market companies. The group generates returns through a combination of the receipt of contractual interest payments on debt investments and origination and similar fees, and, to a lesser extent, equity appreciation through options, warrants, conversion rights, or direct equity investments.
31GF Score
Get the complete analysis for TCPC
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TCPC has been successfully added to your 
