Hercules Capital, Inc.

  • Earnings Score
  • Safety Score
  • Market Cap $3.11B
  • PE 10
  • Debt $1.75B
  • Cash $44.02M
  • EV $4.82B
  • FCF $40.84M

Earnings

Sales & Net Margins

Earnings$318.41M
ROE17%
FCF$40.84M
Equity$1.85B
Growth Stability100%
PE9.77
PEG0.1
PB1.68
P/FCF76.18
Price/Cash0.01
Debt/Equity0.95
Debt/FCF42.88
Earnings CAGR97%
Equity CAGR15%
Earnings Stability-0.45
Earnings Growth YoY145%
Earnings Growth QoQ65%
Earnings CAGR 5Y97%
Equity CAGR 5Y15%
Equity CAGR 3Y17%
Market Cap$3.11B
Dividend Yield10%
Payout Ratio93%
Assets$3.66B
Total Debt$1.75B
Cash$44.02M
Shares Outstanding159.45M
EV4.82B
Earnings Score6%
Safety Score71%
Shares Growth 3y14%
Equity Growth QoQ-0%
Equity Growth YoY12%

Assets & ROA

Stockholders Equity & ROE

Hercules Capital Inc is a specialty finance company engaged in providing senior secured loans to high-growth, venture capital-backed companies in a variety of technology, life sciences, and sustainable and renewable technology industries. It invests primarily in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. The company lends to and invests in portfolio companies in various technology-related industries including technology, drug discovery and development, biotechnology, life sciences, healthcare, and sustainable and renewable technology.

SEC Filings

Direct access to Hercules Capital, Inc. (HTGC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Hercules Capital, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Hercules Capital, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 97%
Stability -45%

Hercules Capital, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Hercules Capital, Inc..

= $408M
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fcf$41M$41M$41M$41M$41M$41M$41M$41M$41M$41M$41M$408M
DCF$37M$34M$31M$28M$25M$23M$21M$19M$17M$16M$157M
Value$408M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/202012/202112/202212/2023TTM
Net Margins-----
ROA-----
ROE--7%19%17%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/202012/202112/202212/2023TTM
Debt over FCF---3.7523.342.88
Debt over Equity-0.961.140.870.95
Growth Stability---100%100%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/202012/202112/202212/2023CAGR 5Y
Revenue YoY growth-----
Earnings YoY growth--24%-42%235%97%
Equity YoY growth-1%7%29%15%
FCF YoY growth--38%-431%-116%-