BlackRock TCP Capital Corp
NASDAQ:TCPC

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BlackRock TCP Capital Corp
NASDAQ:TCPC
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Price: 7.83 USD 0.38% Market Closed
Market Cap: 665.9m USD

Relative Value

The Relative Value of one TCPC stock under the Base Case scenario is 18.13 USD. Compared to the current market price of 7.83 USD, BlackRock TCP Capital Corp is Undervalued by 57%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

TCPC Relative Value
Base Case
18.13 USD
Undervaluation 57%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
74
vs Industry
51
Median 3Y
2.9
Median 5Y
2.9
Industry
3.2
Forward
2.9
vs History
vs Industry
10
Median 3Y
7.3
Median 5Y
4.2
Industry
15.5
Forward
5.8
vs History
88
vs Industry
48
Median 3Y
3.5
Median 5Y
4
Industry
10.3
vs History
30
vs Industry
23
Median 3Y
7.9
Median 5Y
9.4
Industry
12.9
vs History
14
vs Industry
56
Median 3Y
0.8
Median 5Y
0.7
Industry
1.3
vs History
95
vs Industry
32
Median 3Y
7.4
Median 5Y
7.6
Industry
4.8
Forward
7.4
vs History
93
vs Industry
29
Median 3Y
11.6
Median 5Y
12.1
Industry
7.1
vs History
95
vs Industry
37
Median 3Y
14.8
Median 5Y
15.6
Industry
14.1
vs History
95
vs Industry
35
Median 3Y
14.8
Median 5Y
15.6
Industry
14.4
vs History
88
vs Industry
41
Median 3Y
9.6
Median 5Y
10.8
Industry
12.5
vs History
88
vs Industry
39
Median 3Y
9.6
Median 5Y
10.8
Industry
13.4
vs History
14
vs Industry
40
Median 3Y
0.9
Median 5Y
0.9
Industry
1

Multiples Across Competitors

TCPC Competitors Multiples
BlackRock TCP Capital Corp Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
US
BlackRock TCP Capital Corp
NASDAQ:TCPC
666.2m USD 2.6 -14.1 12.2 12.2
US
Blackstone Inc
NYSE:BX
188.2B USD 14.7 74 30.8 31
US
BlackRock Inc
NYSE:BLK
167.7B USD 8 26.6 20.2 21.6
US
KKR & Co Inc
NYSE:KKR
123.1B USD 7.5 56.1 -903.2 -903.2
CA
Brookfield Corp
NYSE:BN
105.9B USD 1.3 237.5 11.3 16.8
CA
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
124.5B CAD 64.5 96.7 127 127.5
CA
Brookfield Asset Management Inc
NYSE:BAM
91.6B USD 64.6 96.8 127.2 127.7
LU
Reinet Investments SCA
JSE:RNI
74.1B Zac 0 0 0 0
ZA
Ninety One Ltd
JSE:NY1
79.6B Zac 0 0 0 0
US
Bank of New York Mellon Corp
NYSE:BK
66.1B USD 3.5 14.6 63.5 0
MU
African Rainbow Capital Investments Ltd
JSE:AIL
61.5B Zac 0 0 0 0
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
BlackRock TCP Capital Corp
NASDAQ:TCPC
Average EV/EBITDA: 56
12.2
N/A N/A
US
Blackstone Inc
NYSE:BX
30.8
20%
1.5
US
BlackRock Inc
NYSE:BLK
20.2
3%
6.7
US
KKR & Co Inc
NYSE:KKR
Negative Multiple: -903.2
124%
N/A
CA
Brookfield Corp
NYSE:BN
11.3
N/A N/A
CA
B
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
127
236%
0.5
CA
Brookfield Asset Management Inc
NYSE:BAM
127.2
236%
0.5
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
63.5
N/A N/A
MU
A
African Rainbow Capital Investments Ltd
JSE:AIL
Not Available N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
BlackRock TCP Capital Corp
NASDAQ:TCPC
Average EV/EBIT: 56.1
12.2
N/A N/A
US
Blackstone Inc
NYSE:BX
31
21%
1.5
US
BlackRock Inc
NYSE:BLK
21.6
4%
5.4
US
KKR & Co Inc
NYSE:KKR
Negative Multiple: -903.2
108%
N/A
CA
Brookfield Corp
NYSE:BN
16.8
-27%
N/A
CA
B
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
127.5
235%
0.5
CA
Brookfield Asset Management Inc
NYSE:BAM
127.7
235%
0.5
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
Not Available N/A N/A
MU
A
African Rainbow Capital Investments Ltd
JSE:AIL
Not Available N/A N/A