Loading...
XNYSHCXY
Market cap4.15bUSD
Dec 23, Last price  
24.79USD
1D
-0.24%
1Q
-2.78%
IPO
3.08%
Name

Hercules Capital Inc

Chart & Performance

D1W1MN
XNYS:HCXY chart
P/E
12.31
P/S
9.56
EPS
2.01
Div Yield, %
6.59%
Shrs. gr., 5y
9.73%
Rev. gr., 5y
26.13%
Revenues
434m
+135.28%
09,700,89424,641,84059,539,00043,931,00035,358,0005,764,00066,603,00076,337,000135,760,000115,062,00095,713,000111,394,000135,577,000136,085,000243,604,000297,774,000255,135,000184,638,000434,425,000
Net income
337m
+115.19%
-2,041,8222,104,56511,383,59842,409,00020,995,00013,572,0005,106,00046,936,00046,759,00099,446,00071,188,00042,916,00068,703,00078,998,00076,496,000173,598,000227,261,000174,155,000156,830,000337,484,000
CFO
68m
P
-17,718,862-156,680,879-91,251,612-201,110,000-27,527,000225,928,000-93,250,000-139,525,000-193,935,000103,594,000-26,531,000-114,361,000-138,385,000-18,400,000-248,970,000-240,664,000207,802,000128,621,000-424,799,00068,278,000
Dividend
Oct 15, 20240.39063 USD/sh
Earnings
Feb 13, 2025

Profile

Hercules Capital, Inc. is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups, to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies. The firm provides growth capital financing solutions for capital extension; management buy-out and corporate spin-out financing solutions; company, asset specific, or intellectual property acquisition financing; convertible, subordinated and/or mezzanine loans; domestic and international corporate expansion; vendor financing; revenue acceleration by sales and marketing development, and manufacturing expansion. It provides asset-based financing with a focus on cash flow; accounts receivable facilities; equipment loans or leases; equipment acquisition; facilities build-out and/or expansion; working capital revolving lines of credit; inventory. The firm also provides bridge financing to IPO or mergers and acquisitions or technology acquisition; dividend recapitalizations and other sources of investor liquidity; cash flow financing to protect against share price volatility; competitor acquisition; pre-IPO financing for extra cash on the balance sheet; public company financing to continue asset growth and production capacity; short-term bridge financing; and strategic and intellectual property acquisition financings. It also focuses on customized financing solutions, emerging growth, mid venture, and late venture financing. The firm invests primarily in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. The firm generally seeks to invest in companies that have been operating for at least six to 12 months prior to the date of their investment. It prefers to invest in technology, energy technology, sustainable and renewable technology, and life sciences. Within technology the firm focuses on advanced specialty materials and chemicals; communication and networking, consumer and business products; consumer products and services, digital media and consumer internet; electronics and computer hardware; enterprise software and services; gaming; healthcare services; information services; business services; media, content and information; mobile; resource management; security software; semiconductors; semiconductors and hardware; and software sector. Within energy technology, it invests in agriculture; clean technology; energy and renewable technology, fuels and power technology; geothermal; smart grid and energy efficiency and monitoring technologies; solar; and wind. Within life sciences, the firm invests in biopharmaceuticals; biotechnology tools; diagnostics; drug discovery, development and delivery; medical devices and equipment; surgical devices; therapeutics; pharma services; and specialty pharmaceuticals. It also invests in educational services. The firm invests primarily in United States based companies and considers investment in the West Coast, Mid-Atlantic regions, Southeast and Midwest; particularly in the areas of software, biotech and information services. The firm prefers to invest between $10 million to $250 million in equity per transactions. It invests generally between $1 million to $40 million in companies focused primarily on business services, communications, electronics, hardware, and healthcare services. The firm invests primarily in private companies but also have investments in public companies. For equity investments, the firm seeks to represent a controlling interest in its portfolio companies which may exceed 25% of the voting securities of such companies. The firm seeks to invest a limited portion of its assets in equipment-based loans to early-stage prospective portfolio companies. These loans are generally for amounts up to $3 million but may be up to $15 million for certain energy technology venture investments. The firm allows certain debt investments have the right to convert a portion of the debt investment into equity. It also co-invests with other private equity firms. The firm seeks to exit its investments through initial public offering, a private sale of equity interest to a third party, a merger or an acquisition of the company or a purchase of the equity position by the company or one of its stockholders. The firm has structured debt with warrants which typically have maturities of between two and seven years with an average of three years; senior debt with an investment horizon of less than three years; equipment loans with an investment horizon ranging from three to four years; and equity related securities with an investment horizon ranging from three to seven years. The firm prefers to invest through its balance sheet capital. The firm formerly known as Hercules Technology Growth Capital, Inc. Hercules Capital, Inc. was founded in December 2003 and is based in Palo Alto, California with additional offices in Connecticut; Boston, Massachusetts; San Diego, California; Westport, Connecticut; Elmhurst, Illinois; Santa Monica, California; McLean, Virginia; New York, New York; Radnor, Pennsylvania; and Washington, District of Columbia and London, United Kingdom.
IPO date
Jun 09, 2005
Employees
100
Domiciled in
US
Incorporated in
US

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑122014‑12
Income
Revenues
434,425
135.28%
184,638
-27.63%
255,135
-14.32%
Cost of revenue
68,954
60,800
53,081
Unusual Expense (Income)
NOPBT
365,471
123,838
202,054
NOPBT Margin
84.13%
67.07%
79.19%
Operating Taxes
(54,749)
(58,866)
Tax Rate
NOPAT
365,471
178,587
260,920
Net income
337,484
115.19%
156,830
-9.95%
174,155
-23.37%
Dividends
(273,677)
(245,124)
(175,501)
Dividend yield
11.34%
14.64%
9.12%
Proceeds from repurchase of equity
331,645
227,558
8,013
BB yield
-13.74%
-13.59%
-0.42%
Debt
Debt current
104,828
5,506
7,382
Long-term debt
1,563,365
1,585,363
1,251,067
Deferred revenue
1,627,396
1,291,466
Other long-term liabilities
(1,588,271)
(1,295,882)
Net debt
(1,678,752)
(4,276,380)
(1,309,188)
Cash flow
Cash from operating activities
68,278
(424,799)
128,621
CAPEX
(887)
(114)
(106)
Cash from investing activities
(887)
(114)
(106)
Cash from financing activities
22,746
314,524
(229,872)
FCF
365,670
136,813
527,209
Balance
Cash
98,899
2,903,294
133,115
Long term investments
3,248,046
2,963,955
2,434,522
Excess cash
3,325,224
5,858,017
2,554,880
Stockholders' equity
140,171
1,614,024
1,540,583
Invested Capital
3,224,071
1,411,923
1,014,615
ROIC
15.77%
14.72%
20.81%
ROCE
10.86%
4.09%
7.89%
EV
Common stock shares outstanding
144,826
126,659
115,955
Price
16.67
26.10%
13.22
-20.31%
16.59
15.05%
Market cap
2,414,249
44.18%
1,674,432
-12.96%
1,923,693
18.83%
EV
735,497
(980,173)
1,870,994
EBITDA
365,661
124,042
202,371
EV/EBITDA
2.01
9.25
Interest
67,620
54,749
54,447
Interest/NOPBT
18.50%
44.21%
26.95%