Share Price & News
How has First Eagle Alternative Capital BDC's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FCRD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FCRD's weekly volatility has decreased from 13% to 5% over the past year.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: FCRD underperformed the US Capital Markets industry which returned 38.8% over the past year.
Return vs Market: FCRD underperformed the US Market which returned 36.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is First Eagle Alternative Capital BDC's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 years ago | Simply Wall StCould THL Credit Inc (TCRD) be actually undervalued when we account for its future growth?
3 years ago | Simply Wall StDid THL Credit Inc (TCRD) Create Value For Shareholders Over The Past One Year?
Is First Eagle Alternative Capital BDC undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate FCRD's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FCRD's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FCRD is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.
PE vs Market: FCRD is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FCRD's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FCRD is good value based on its PB Ratio (0.6x) compared to the US Capital Markets industry average (15x).
How is First Eagle Alternative Capital BDC forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCRD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: FCRD is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FCRD's is expected to become profitable in the next 3 years.
Revenue vs Market: FCRD's revenue (4.9% per year) is forecast to grow slower than the US market (10.3% per year).
High Growth Revenue: FCRD's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FCRD's Return on Equity is forecast to be low in 3 years time (6.5%).
How has First Eagle Alternative Capital BDC performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCRD is currently unprofitable.
Growing Profit Margin: FCRD is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FCRD is unprofitable, and losses have increased over the past 5 years at a rate of 73.7% per year.
Accelerating Growth: Unable to compare FCRD's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FCRD is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (10.4%).
Return on Equity
High ROE: FCRD has a negative Return on Equity (-27.76%), as it is currently unprofitable.
How is First Eagle Alternative Capital BDC's financial position?
Financial Position Analysis
Short Term Liabilities: FCRD's short term assets ($20.2M) exceed its short term liabilities ($2.9M).
Long Term Liabilities: FCRD's short term assets ($20.2M) do not cover its long term liabilities ($175.7M).
Debt to Equity History and Analysis
Debt Level: FCRD's debt to equity ratio (92.6%) is considered high.
Reducing Debt: FCRD's debt to equity ratio has increased from 75.1% to 92.6% over the past 5 years.
Debt Coverage: FCRD's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: FCRD is unprofitable, therefore interest payments are not well covered by earnings.
What is First Eagle Alternative Capital BDC current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FCRD's dividend (10%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: FCRD's dividend (10%) is in the top 25% of dividend payers in the US market (3.72%)
Stability and Growth of Payments
Stable Dividend: FCRD's dividend payments have been volatile in the past 10 years.
Growing Dividend: FCRD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: FCRD is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: FCRD's dividends in 3 years are not forecast to be well covered by earnings (98.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chris Flynn (47 yo)
Mr. Christopher John Flynn, also known as Chris, serves as the President at First Eagle Private Credit, LLC. He also serves as Chief Executive Officer at First Eagle Alternative Capital BDC, Inc. (formerly...
|CEO & Director||6.67yrs||no data||0.47% |
|Assistant Secretary||no data||no data||0.44% |
|IR contact||4.17yrs||no data||no data|
|General Counsel & Secretary||no data||no data||0.071% |
|Chief Compliance Officer||no data||no data||no data|
|Co-Head of Direct Lending and Director||no data||no data||0.032% |
|Co-Head||no data||no data||0.28% |
|Chief Investment Officer||4.08yrs||no data||0.48% |
Experienced Management: FCRD's management team is considered experienced (4.2 years average tenure).
|CEO & Director||6.67yrs||no data||0.47% |
|Independent Chairman of the Board||5.33yrs||US$163.50k||0.049% |
|Independent Director||5.75yrs||US$146.50k||0.032% |
|Independent Director||4.25yrs||US$127.50k||0.0048% |
|Independent Director||6.25yrs||US$130.00k||0.013% |
|Independent Director||2.92yrs||US$134.00k||0.012% |
Experienced Board: FCRD's board of directors are considered experienced (5.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
First Eagle Alternative Capital BDC, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: First Eagle Alternative Capital BDC, Inc.
- Ticker: FCRD
- Exchange: NasdaqGS
- Founded: 2009
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$120.439m
- Shares outstanding: 30.11m
- Website: https://www.thlcredit.com
- First Eagle Alternative Capital BDC, Inc.
- 100 Federal Street
- 31st Floor
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FCRD||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Apr 2010|
|27T||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Apr 2010|
THL Credit, Inc. is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/03/03 00:16|
|End of Day Share Price||2021/03/02 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.