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.
As of today (2024-04-24), BlackRock TCP Capital's Intrinsic Value: Projected FCF is $16.66. The stock price of BlackRock TCP Capital is $10.03. Therefore, BlackRock TCP Capital's Price-to-Intrinsic-Value-Projected-FCF of today is 0.6.
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: 0.6 Med: 1.26 Max: 1.64
Current: 0.6
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of BlackRock TCP Capital was 1.64. The lowest was 0.60. And the median was 1.26.
TCPC's Price-to-Projected-FCF is ranked better than 72.55% of 929
companies
in the Asset Management industry
Industry Median: 0.92
vs TCPC: 0.60
BlackRock TCP Capital Intrinsic Value: Projected FCF Historical Data
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.
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 Distribution
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.
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
=
10.03
/
16.655937559372
=
0.60
* 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
Thank you for viewing the detailed overview of BlackRock TCP Capital's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
BlackRock TCP Capital (BlackRock TCP Capital) Business Description
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 our investment objective primarily 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.
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