EPS growth is an important number as it indicates the future prospects of TCG BDC. The EPS growth rate, as it is usually called, is typically displayed as a percentage, which at this time is hard to estimate, but revenue growth has been -36.60% over the last twelve months. The higher the EPS growth rate, the higher the value that is added to shareholders and a good reflection on the performance of the management at TCG BDC.



TCG BDC is in the asset management industry and trades as part of the financial services sector. TCG BDC Inc is an externally managed, non-diversified closed-end investment company. Its objective is to generate current income and capital appreciation primarily through debt investments in U.S. middle market companies.

Previous Intraday Performance:

The CGBD shares had a previous change of 0.34% which opened at 14.85 and closed at 14.96. It moved to an intraday high of 15.02 and a low of 14.74.

SeekingAlpha:  Dividend Increases For The High-Yield BDC Sector: Part 2

Historical Performance:

Over the last five trading days, CGBD shares returned -0.86% and in the past 30 trading days it returned 15.70%. Over three months, it changed -2.11%. In one year it has changed -8.83% and within that year its 52-week high was 18.41 and its 52-week low was 12.19. CGBD stock is 22.72% above its 52 Week Low.

Our calculations result in a 200 day moving average of 15.71 and a 50 day moving average of 14.18. Right now, CGBD stock is trading -4.80% below its 200 day moving average and may be a great opportunity to buy, but should check other technical indicators to confirm a buy signal.

SeekingAlpha:  Dividend Increases For The High-Yield BDC Sector: Part 2

Liquidity:

The company has a market cap of $936.0m with 62.6m shares outstanding and a float of 62.5m shares. Trading volume was 283,306 shares and has experienced an average volume of 351,419 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for TCG BDC was 1.46 which ended on 31st of December 2017, which according to the previous close, that is a PE of 10.25. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.40. The trailing twelve month EPS is 1.69, which comes to a trailing twelve month PE of 8.85.

Below was the last reported quarterly earnings per share:
09-30-2018:  0.41
06-30-2018:  0.45
03-31-2018:  0.40
12-31-2017:  0.43



The dividend per share is currently 1.48, which is a dividend yield of 9.89%. CGBD stock may not have sufficient earnings to cover future dividends and still be able to invest in and grow the business, therefore in the future the dividend may be reduced.

Base on our calculations, the intrinsic value per share is 11.72, which means it might overvalued by -27.60%

Indicators Also to Watch:

Based on the latest filings, there is 0.10% of insider ownership and 27.30% of institutional ownership.

I calculated the beta to be 1.06

SeekingAlpha:  Notable earnings after Monday’s close

Fundamental Numbers:

Based on last reported financials, the company’s return on equity is 6.03%, return on assets is 3.23%, profit margin is 26.63%, price-to-sales is 6.17 and price-to-book is 0.85.

Company Score Card:

Results are out of six:
 4  : Growth Expectations Result
 2  : Financial Safety Result
 3  : Past Performance Result
 4  : Valuation Result
 2  : Dividend Safety Result
 3  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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