Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ads Free, Unlimited access)​
NO CREDIT CARD REQUIRED

Crescent Capital BDC Inc (CCAP)CCAP

Upturn stock ratingUpturn stock rating
Crescent Capital BDC Inc
$18.5
Delayed price
Profit since last BUY-0.32%
Consider higher Upturn Star rating
upturn advisory
BUY since 26 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

10/24/2024: CCAP (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Consider higher Upturn Star rating
Historic Profit: 7.79%
Upturn Advisory Performance Upturn Advisory Performance3
Avg. Invested days: 40
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 2
Last Close 10/24/2024
Type: Stock
Today’s Advisory: Consider higher Upturn Star rating
Historic Profit: 7.79%
Avg. Invested days: 40
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 2
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 10/24/2024
Upturn Advisory Performance Upturn Advisory Performance3

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 675.26M USD
Price to earnings Ratio 6.58
1Y Target Price 19.17
Dividends yield (FY) 10.20%
Basic EPS (TTM) 2.77
Volume (30-day avg) 105962
Beta 0.87
52 Weeks Range 14.60 - 19.10
Updated Date 11/12/2024
Company Size Small-Cap Stock
Market Capitalization 675.26M USD
Price to earnings Ratio 6.58
1Y Target Price 19.17
Dividends yield (FY) 10.20%
Basic EPS (TTM) 2.77
Volume (30-day avg) 105962
Beta 0.87
52 Weeks Range 14.60 - 19.10
Updated Date 11/12/2024

Earnings Date

Report Date 2024-11-06
When BeforeMarket
Estimate -
Actual -
Report Date 2024-11-06
When BeforeMarket
Estimate -
Actual -

Profitability

Profit Margin 51.6%
Operating Margin (TTM) 77.77%

Management Effectiveness

Return on Assets (TTM) 5.83%
Return on Equity (TTM) 13.78%

Valuation

Trailing PE 6.58
Forward PE 8.48
Enterprise Value 1544177408
Price to Sales(TTM) 3.42
Enterprise Value to Revenue 14
Enterprise Value to EBITDA -
Shares Outstanding 37061500
Shares Floating 27977794
Percent Insiders 12.5
Percent Institutions 49.29
Trailing PE 6.58
Forward PE 8.48
Enterprise Value 1544177408
Price to Sales(TTM) 3.42
Enterprise Value to Revenue 14
Enterprise Value to EBITDA -
Shares Outstanding 37061500
Shares Floating 27977794
Percent Insiders 12.5
Percent Institutions 49.29

Analyst Ratings

Rating 4.33
Target Price 17.75
Buy 2
Strong Buy 3
Hold 1
Sell -
Strong Sell -
Rating 4.33
Target Price 17.75
Buy 2
Strong Buy 3
Hold 1
Sell -
Strong Sell -

AI Summarization

Crescent Capital BDC Inc. - Comprehensive Overview

Company Profile:

Detailed history and background:

Crescent Capital BDC Inc. (NASDAQ: CCAP) is a publicly traded Business Development Company (BDC) established in 2014. It primarily focuses on investing in middle-market companies in the United States. CCAP's investment strategy targets companies with strong management teams, stable cash flows, and opportunities for growth.

Core business areas:

  • Private Credit: CCAP provides customized debt financing solutions to middle-market companies, including senior secured loans, subordinated debt, and mezzanine financing.
  • Specialty Finance: The company also invests in opportunistic credit, distressed debt, and real estate-related investments.

Leadership team and corporate structure:

  • Management Team: The company is led by a seasoned team with extensive experience in private credit and middle-market investing. The team includes:

    • Robert LaBreque: Chairman and Chief Executive Officer
    • Kevin Kizer: President and Chief Investment Officer
    • Douglas Ostrover: Chief Financial Officer
  • Board of Directors: CCAP's Board comprises prominent individuals with diverse expertise in finance, law, and capital markets.

Top Products and Market Share:

Top products and offerings:

  • Senior Secured Loans: These loans are offered to borrowers with strong credit profiles and collateralizable assets.
  • Subordinated Debt: CCAP provides subordinated debt to companies seeking additional financing alongside senior secured loans.
  • Mezzanine Financing: The company caters to companies seeking mezzanine financing for various purposes, including acquisitions, growth capital, and working capital needs.

Market share analysis:

Crescent Capital BDC operates in a highly competitive BDC market. Direct competitors include Ares Capital Corporation (NYSE: ARCC), Blackstone Secured Lending Fund (NYSE: BSL), and Golub Capital BDC (NASDAQ: GBDC). While specific market share data for CCAP's individual offerings is not publically available, the company holds a competitive position within the private credit market.

Total Addressable Market (TAM):

The US private credit market is estimated to be worth over $1.5 trillion, with significant growth potential as institutional investors increasingly allocate capital to the asset class. Crescent Capital BDC's focus on the middle market further increases its addressable market, considering the substantial demand for financing from this segment.

Financial Performance:

Recent financial statements analysis:

CCAP has reported consistent growth in recent years. In 2022, the company generated record net investment income of $166.3 million and net income of $146.8 million. Its net asset value (NAV) per share grew to $23.03, representing a 5.7% increase from the previous year.

Year-over-year financial performance:

CCAP has consistently grown its revenues, net income, and earnings per share (EPS) over the past several years. Its profit margins have remained relatively stable, while cash flow generation has been positive and growing.

Cash flow statements and balance sheet health:

The company maintains a healthy balance sheet with low leverage and ample liquidity. Its cash flow statements have demonstrated consistent operational cash flow generation, enabling the company to sustain its dividend payout and invest in new opportunities.

Dividends and Shareholder Returns:

Dividend history:

Crescent Capital BDC has a solid history of regular dividend payments. The company currently pays a quarterly dividend of $0.69 per share, translating to an annualized yield of approximately 11.0%.

Shareholder returns:

CCAP has provided significant total shareholder returns over various time periods. Over the past year, the stock has appreciated over 18% and has delivered average annual returns exceeding 15% over the past five years.

Growth Trajectory:

Historical growth analysis:

CCAP has achieved consistent growth over the past five to ten years. Its revenues, earnings, and net asset value per share have shown a steady upward trend, reflecting its successful investment strategy and expanding portfolio.

Future growth projections:

The company has outlined plans for continued growth, primarily focusing on expanding its origination platform, investing in opportunistic credit opportunities, and enhancing its digital capabilities. Industry trends and analysts' forecasts suggest strong potential for the private credit market, further supporting CCAP's future growth prospects.

Recent product launches and strategic initiatives:

CCAP recently launched a new online investor portal providing greater transparency and access to portfolio information for its investors. The company also continues to expand its strategic partnerships with institutional investors and financial institutions to access capital and new deal opportunities.

Market Dynamics:

Industry overview:

The private credit industry is experiencing strong growth driven by increasing demand from middle-market companies and institutional investors seeking attractive risk-adjusted returns. Technological advancements and regulatory changes are also shaping the industry, creating both opportunities and challenges for BDCS.

Crescent Capital BDC's position:

CCAP is well-positioned within the industry with its experienced management team, diversified portfolio, and solid track record. The company's focus on technology, data analytics, and ESG principles further positions it to adapt to market changes and capture new opportunities.

Competitors:

  • Ares Capital Corporation (ARCC): ARCC is a leading BDC with a similar investment focus on middle-market companies. It maintains a larger portfolio size than CCAP.
  • Blackstone Secured Lending Fund (BSL): BSL is another competitor with a similar size and investment strategy as CCAP. It holds a slightly higher leverage ratio.
  • Golub Capital BDC (GBDC): GBDC is a BDC with a comparable size and focus on middle-market lending. It primarily invests in senior secured loans.

Potential Challenges and Opportunities:

Key challenges:

  • Increased competition: The BDC market is becoming increasingly competitive, with more players entering the space.
  • Rising interest rates: Rising interest rate environments may increase borrowing costs for borrowers and potentially impact portfolio yields.
  • Economic downturns: Economic slowdowns or recessions can impact creditworthiness and potentially lead to higher defaults.

Key opportunities:

  • Expanding middle market: The continued growth of the middle market presents significant opportunities for loan origination.
  • Technological advancements: Integrating technology and data analytics can enhance decision-making, portfolio management, and investor reporting.
  • ESG Investing: Increasing investor demand for ESG-focused investments creates opportunities for BDCS to incorporate ESG principles into their investment strategies.

Recent Acquisitions (last 3 years):

Crescent Capital BDC has not actively pursued acquisitions

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About Crescent Capital BDC Inc

Exchange NASDAQ Headquaters Los Angeles, CA, United States
IPO Launch date 2020-02-03 CEO -
Sector Financial Services Website https://www.crescentbdc.com
Industry Asset Management Full time employees -
Headquaters Los Angeles, CA, United States
CEO -
Website https://www.crescentbdc.com
Website https://www.crescentbdc.com
Full time employees -

Crescent Capital BDC, Inc. is as a business development company private equity / buyouts and loan fund. It specializes in directly investing. It specializes in middle market. The fund seeks to invest in United States.

Upturn is now on iOS and Android!

Experience Upturn on your mobile. Install it now!​