XNYSTPVG
Market cap309mUSD
Jan 16, Last price
7.73USD
1D
1.44%
1Q
12.85%
Jan 2017
-34.38%
IPO
-49.77%
Name
Triplepoint Venture Growth BDC Corp
Chart & Performance
Profile
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.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | |||||||||
Revenues | 137,490 15.13% | 119,424 43.25% | |||||||
Cost of revenue | 6,703 | 31,366 | |||||||
Unusual Expense (Income) | |||||||||
NOPBT | 130,787 | 88,058 | |||||||
NOPBT Margin | 95.12% | 73.74% | |||||||
Operating Taxes | 26,761 | ||||||||
Tax Rate | 30.39% | ||||||||
NOPAT | 130,787 | 61,297 | |||||||
Net income | (39,821) -14.97% | (46,831) -161.17% | |||||||
Dividends | (54,920) | (49,594) | |||||||
Dividend yield | 14.16% | 14.55% | |||||||
Proceeds from repurchase of equity | 21,107 | 55,112 | |||||||
BB yield | -5.44% | -16.16% | |||||||
Debt | |||||||||
Debt current | 175,000 | ||||||||
Long-term debt | 566,980 | ||||||||
Deferred revenue | 594,593 | ||||||||
Other long-term liabilities | (147,387) | ||||||||
Net debt | (955,473) | (1,208,061) | |||||||
Cash flow | |||||||||
Cash from operating activities | 106,148 | (100,889) | |||||||
CAPEX | |||||||||
Cash from investing activities | (421,000) | ||||||||
Cash from financing activities | 6,174 | 101,002 | |||||||
FCF | 130,787 | 447,177 | |||||||
Balance | |||||||||
Cash | 153,328 | 1,000,765 | |||||||
Long term investments | 802,145 | 949,276 | |||||||
Excess cash | 948,598 | 1,944,070 | |||||||
Stockholders' equity | (146,628) | 464,477 | |||||||
Invested Capital | 1,097,940 | 1,144,649 | |||||||
ROIC | 11.66% | 5.92% | |||||||
ROCE | 13.75% | 8.68% | |||||||
EV | |||||||||
Common stock shares outstanding | 35,706 | 32,690 | |||||||
Price | 10.86 4.12% | 10.43 -41.93% | |||||||
Market cap | 387,767 13.73% | 340,957 -38.63% | |||||||
EV | (567,706) | (359,384) | |||||||
EBITDA | 130,787 | 79,680 | |||||||
EV/EBITDA | |||||||||
Interest | 33,039 | 26,761 | |||||||
Interest/NOPBT | 25.26% | 30.39% |