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Upturn AI SWOT - About
TPVG 
Triplepoint Venture Growth BDC Corp (TPVG)
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Upturn Advisory Summary
06/27/2025: TPVG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
8 Analysts rated it
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Year Target Price $7.04
Year Target Price $7.04
| 0 | Strong Buy |
| 0 | Buy |
| 7 | Hold |
| 0 | Under performing |
| 1 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit -36.83% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/27/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 280.42M USD | Price to earnings Ratio 7.49 | 1Y Target Price 7.04 |
Price to earnings Ratio 7.49 | 1Y Target Price 7.04 | ||
Volume (30-day avg) - | Beta 1.48 | 52 Weeks Range 5.30 - 7.79 | Updated Date 06/29/2025 |
52 Weeks Range 5.30 - 7.79 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 17.22% | Basic EPS (TTM) 0.93 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 36.3% | Operating Margin (TTM) 77.66% |
Management Effectiveness
Return on Assets (TTM) 6.56% | Return on Equity (TTM) 10.68% |
Valuation
Trailing PE 7.49 | Forward PE 5.81 | Enterprise Value 624138816 | Price to Sales(TTM) 2.77 |
Enterprise Value 624138816 | Price to Sales(TTM) 2.77 | ||
Enterprise Value to Revenue 13.18 | Enterprise Value to EBITDA 9.23 | Shares Outstanding 40232800 | Shares Floating - |
Shares Outstanding 40232800 | Shares Floating - | ||
Percent Insiders 1.46 | Percent Institutions 12.44 |
Analyst Ratings
Rating 2.75 | Target Price 7.04 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 7 | Sell - | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
Triplepoint Venture Growth BDC Corp
Company Overview
History and Background
TriplePoint Venture Growth BDC Corp. (TPVG) was founded in 2013 and completed its IPO in March 2014. It is an externally managed specialty finance company focused on providing debt financing to venture growth stage companies in technology, life sciences, and other high growth industries.
Core Business Areas
- Venture Growth Lending: Provides debt financing, including loans and equipment financings, to venture growth stage companies.
- Warrant and Equity Investments: Makes strategic equity and warrant investments in its portfolio companies.
Leadership and Structure
TPVG is externally managed by TriplePoint Capital LLC. The leadership team includes Jim Labe (CEO), Sajal Srivastava (President and CIO), and Christopher Mathieu (CFO). The company operates as a business development company (BDC).
Top Products and Market Share
Key Offerings
- Venture Debt: Providing loans to venture-backed companies, typically ranging from $5 million to $50 million. Market share data is not readily available, but TPVG is a significant player in the venture debt market. Competitors include Hercules Capital, Runway Growth Finance Corp. and SLR Investment Corp.
- Equipment Financing: Offering financing solutions for equipment needs of venture-backed companies. Market share data is not readily available, but TPVG provides financial flexibility to the growth firms. Competitors include Western Technology Investment and various bank leasing divisions.
- Warrants: Obtaining warrants as part of loan agreements, providing potential equity upside. Revenue from warrant exercises is variable and not a core revenue driver. Competitors are other BDCs like Hercules Capital and Runway Growth Finance Corp.
Market Dynamics
Industry Overview
The venture debt market caters to high-growth, venture-backed companies that require capital beyond equity funding. Demand fluctuates with venture capital activity and macroeconomic conditions. The industry benefits from a growing venture capital ecosystem and a continuous need for capital by venture-backed companies.
Positioning
TPVG is a leading BDC focused on venture growth stage companies. Its competitive advantage lies in its expertise in underwriting venture debt and its established relationships within the venture capital community. They aim to provide financial services with the agility needed to service growth companies.
Total Addressable Market (TAM)
The TAM for venture debt is estimated to be in the tens of billions of dollars annually, influenced by the overall venture capital funding landscape. TPVG's positioning allows it to capture a significant portion of this market, driven by its expertise and strong relationships. A conservative estimate is $30 Billion annually. Their total investment portfolio is around $800 Million.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Strong relationships with venture capital firms
- Disciplined underwriting process
- Access to a diverse portfolio of venture-backed companies
Weaknesses
- Reliance on external management
- Exposure to credit risk in venture-backed companies
- Sensitivity to interest rate fluctuations
- Concentration of investments in specific sectors
Opportunities
- Expansion into new high-growth industries
- Increased demand for venture debt due to tightening equity markets
- Strategic acquisitions of smaller BDCs
- Expansion of their platform and offerings to include more services.
Threats
- Economic downturn impacting venture capital funding
- Increased competition from other BDCs and alternative lenders
- Regulatory changes affecting BDC operations
- Deterioration of portfolio company performance
Competitors and Market Share
Key Competitors
- MAIN
- HTGC
- ARCC
Competitive Landscape
TPVG competes with other BDCs and alternative lenders for venture debt opportunities. Its competitive advantage lies in its expertise in underwriting venture debt and its established relationships within the venture capital community. Competition for funding is fierce.
Major Acquisitions
None
- Year:
- Acquisition Price (USD millions):
- Strategic Rationale: No significant acquisitions to report.
Growth Trajectory and Initiatives
Historical Growth: TPVG has experienced growth in its investment portfolio and investment income since its IPO, driven by increased demand for venture debt. Portfolio growth rates depend on capital deployment and market conditions.
Future Projections: Analyst estimates project continued growth in investment income and portfolio size, driven by the ongoing demand for venture debt. However, growth is also dependent on market conditions and competition. Guidance is always on a quarter by quarter basis.
Recent Initiatives: TPVG has been actively managing its portfolio, making new investments, and monitoring the performance of its existing investments. Their most recent 10-Q highlights key portfolio developments and strategy. They are also actively managing their debt profile for optimal positioning in the market.
Summary
TriplePoint Venture Growth BDC Corp. demonstrates a strong position within the venture debt market, leveraging its experienced management and robust VC relationships. The BDC maintains a consistent dividend and has seen portfolio growth, but faces risks from market volatility and competition. Recent financial performance reflects income growth despite net income fluctuations, highlighting both strengths and areas for improvement in risk management. Overall, TPVG's success depends on careful portfolio management and adapting to changing economic conditions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Investor Relations Materials
- Third-party Financial Data Providers
- Industry Reports and Market Analysis
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Investment decisions should be made after consulting with a qualified financial advisor. Market share data is based on estimated values and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Triplepoint Venture Growth BDC Corp
Exchange NYSE | Headquaters Menlo Park, CA, United States | ||
IPO Launch date 2014-03-06 | Co-Founder, Chairman & CEO Mr. James Peter Labe | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website https://www.tpvg.com |
Full time employees - | Website https://www.tpvg.com | ||
TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector. Within technology the areas of focus include: Security, wireless communication equipments, network system and software, business applications software, conferencing equipments/services .big data, cloud computing, data storage, electronics, energy efficiency, hardware, information services, internet and media, networking, semiconductors, software, software as a service, and other technology related subsectors and within life sciences the areas of focus include: biotechnology, bio fuels/bio mass, diagnostic testing and bioinformatics, drug delivery, drug discovery, healthcare information systems, healthcare services, medical, surgical and therapeutic devices, pharmaceuticals and other life science related subsectors. Within growth capital loans it invests between $5 million and $50 million, for equipment financings it invests between $5 million and $25 million, for revolving loans it invests between $1 million and $25 million, and for direct equity investments it may invest between $0.1 million and $5 million (generally not exceeding 5% of the company's total equity). The debt financing products are typically structured as lines of credit and it invests through warrants and secured loans. It targeted returns between 10% and 18%. It does not take board seat in the company.
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