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Upturn AI Summary - About
BlackRock TCP Capital Corp(TCPC)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for TCPC
11/10/2026: TCPC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
BlackRock TCP Capital Corp is a business development company (BDC) that provides direct lending solutions to middle-market firms. Its primary strength lies in its affiliation with BlackRock, which grants the firm access to an extensive credit-sourcing platform. The company's investment story centers on generating steady income for investors through a senior-secured portfolio. Risks include potential borrower defaults in a challenging economic environment, intense competition in the private credit market, and sensitivity to interest rate fluctuations. It is best suited for income-oriented investors seeking yield, with a need to monitor the portfolio's credit quality and the sustainability of dividend coverage in changing economic conditions.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | As a BDC, the company is primarily structured for income generation rather than capital appreciation. |
| Momentum investor | Weak fit | BDC stocks generally exhibit low momentum and are often range-bound based on net asset value (NAV) stability. |
| Value investor | Mixed fit | Investors may find value if the stock trades at a significant discount to its net asset value (NAV). |
| Dividend investor | Strong fit | The company's mandate to distribute the vast majority of its taxable income makes it a natural fit for dividend-focused portfolios. |
| Low-risk investor | Weak fit | The portfolio consists of middle-market loans that carry significant credit and leverage risks, making it unsuitable for conservative investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The share price of BDCs often fluctuates in response to broader interest rate trends and credit market sentiment. |
| Valuation risk | Medium | Buying above or below NAV significantly impacts the total return profile of a BDC investment. |
| Competition risk (Direct Lending) | High | Aggressive competition from private credit funds can compress spreads and lead to more lenient loan covenants. |
| Business quality | Medium | The portfolio is subject to credit risk from middle-market borrowers who may be more sensitive to economic downturns. |
| Dividend income | Medium | Dividends are dependent on the underlying portfolio's performance and net investment income coverage. |
| Execution risk | Medium | Management's ability to source and underwrite loans that consistently perform is critical to long-term success. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -40.1% | Avg. Invested days 35 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/10/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 345.68M USD | Price to earnings Ratio - | 1Y Target Price 4.5 |
Price to earnings Ratio - | 1Y Target Price 4.5 | ||
Volume (30-day avg) 790.9K shares | Beta 1.03 | 52 Weeks Range 2.95 - 5.20 | Updated Date 11/09/2026 |
52 Weeks Range 2.95 - 5.20 | Updated Date 11/09/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -2.37 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Direct Lending | Interest income from senior secured and mezzanine loans to middle-market companies. | The company acts like a bank, lending money to businesses and collecting interest payments. |
| Investment Income | Dividend and fee income generated from debt and equity holdings. | The company earns fees and extra income, which helps support the dividend paid to shareholders. |
Earnings Date
Report Date 2026-11-05 | When Before Market | Estimate 0.12 | Actual 0.15 |
Profitability
Profit Margin -61.27% | Operating Margin (TTM) 82.8% |
Management Effectiveness
Return on Assets (TTM) 5.48% | Return on Equity (TTM) -16.79% |
Valuation
Trailing PE - | Forward PE 10.49 | Enterprise Value 1.11B | Price to Sales(TTM) 1.95 |
Enterprise Value 1.11B | Price to Sales(TTM) 1.95 | ||
Enterprise Value to Revenue 413.07 | Enterprise Value to EBITDA - | Shares Outstanding 83.90M | Shares Floating - |
Shares Outstanding 83.90M | Shares Floating - | ||
Percent Insiders 0.37 | Percent Institutions 33.42 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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