Hercules Capital, Inc. is a business development company. More Details
Undervalued average dividend payer.
Share Price & News
How has Hercules Capital's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HTGC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: HTGC's weekly volatility (3%) has been stable over the past year.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: HTGC underperformed the US Capital Markets industry which returned 17.5% over the past year.
Return vs Market: HTGC underperformed the US Market which returned 26% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Hercules Capital's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StShareholders Of Hercules Capital (NYSE:HTGC) Must Be Happy With Their 136% Total Return
1 month ago | Simply Wall StConsider This Before Buying Hercules Capital, Inc. (NYSE:HTGC) For The 9.9% Dividend
2 months ago | Simply Wall StResults: Hercules Capital, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Is Hercules Capital undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HTGC ($15.15) is trading below our estimate of fair value ($18.33)
Significantly Below Fair Value: HTGC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: HTGC is good value based on its PE Ratio (13.9x) compared to the US Capital Markets industry average (27.1x).
PE vs Market: HTGC is good value based on its PE Ratio (13.9x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: HTGC is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: HTGC is good value based on its PB Ratio (1.5x) compared to the US Capital Markets industry average (4.9x).
How is Hercules Capital forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HTGC's forecast earnings growth (21.4% per year) is above the savings rate (2%).
Earnings vs Market: HTGC's earnings (21.4% per year) are forecast to grow slower than the US market (21.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HTGC's revenue (5.7% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: HTGC's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HTGC's Return on Equity is forecast to be low in 3 years time (13.5%).
How has Hercules Capital performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HTGC has a large one-off loss of $34.4M impacting its September 30 2020 financial results.
Growing Profit Margin: HTGC's current net profit margins (42.4%) are lower than last year (44.1%).
Past Earnings Growth Analysis
Earnings Trend: HTGC's earnings have grown significantly by 21.5% per year over the past 5 years.
Accelerating Growth: HTGC's earnings growth over the past year (6.8%) is below its 5-year average (21.5% per year).
Earnings vs Industry: HTGC earnings growth over the past year (6.8%) exceeded the Capital Markets industry 4.9%.
Return on Equity
High ROE: HTGC's Return on Equity (10.3%) is considered low.
How is Hercules Capital's financial position?
Financial Position Analysis
Short Term Liabilities: HTGC's short term assets ($67.6M) exceed its short term liabilities ($29.4M).
Long Term Liabilities: HTGC's short term assets ($67.6M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: HTGC's debt to equity ratio (110.2%) is considered high.
Reducing Debt: HTGC's debt to equity ratio has increased from 81.7% to 110.2% over the past 5 years.
Debt Coverage: HTGC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HTGC's interest payments on its debt are well covered by EBIT (3.4x coverage).
What is Hercules Capital current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HTGC's dividend (9.11%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: HTGC's dividend (9.11%) is in the top 25% of dividend payers in the US market (3.85%)
Stability and Growth of Payments
Stable Dividend: HTGC's dividends per share have been stable in the past 10 years.
Growing Dividend: HTGC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (117.5%), HTGC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HTGC's dividends in 3 years are not forecast to be well covered by earnings (90.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Scott Bluestein (42 yo)
Mr. Scott Bluestein serves as Chief Executive Officer, President and Director at Hercules Capital, Inc. since July 18, 2019. Mr. Bluestein served as an Interim Chief Executive Officer at Hercules Capital, ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD7.58M) is above average for companies of similar size in the US market ($USD3.86M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
|CEO, Chief Investment Officer||1.83yrs||US$7.58m||0.78% |
|CFO & Chief Accounting Officer||1.83yrs||US$1.74m||0.15% |
|Chief Compliance Officer||5.33yrs||US$773.01k||0.038% |
|Managing Director||16.75yrs||no data||no data|
|Senior MD & Group Head of Technology||2yrs||no data||no data|
|Managing Director of Investor Relations & Corporate Communications||no data||no data||no data|
|Managing Director of Business Development||no data||no data||no data|
|Vice President of Human Resources||1yr||no data||no data|
|Senior MD & Group Head of Life Sciences||1.67yrs||no data||no data|
|Managing Director of Portfolio Management||2yrs||no data||no data|
|Managing Director||10.75yrs||no data||no data|
|Managing Director||9.25yrs||no data||no data|
Experienced Management: HTGC's management team is considered experienced (2 years average tenure).
|CEO, Chief Investment Officer||1.83yrs||US$7.58m||0.78% |
|Independent Director||1.92yrs||US$173.85k||0.012% |
|Chairman of the Board & Lead Independent Director||1.83yrs||US$175.00k||0.11% |
|Independent Director||2yrs||US$168.29k||0.015% |
|Independent Director||6.5yrs||US$150.00k||0.044% |
|Independent Director||4.25yrs||US$228.17k||0.019% |
|Independent Director||5.75yrs||US$239.23k||0.033% |
|Independent Director||3.25yrs||US$150.00k||0.018% |
Experienced Board: HTGC's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HTGC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9%.
Hercules Capital, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Hercules Capital, Inc.
- Ticker: HTGC
- Exchange: NYSE
- Founded: 2003
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$1.725b
- Shares outstanding: 113.85m
- Website: https://www.htgc.com
Number of Employees
- Hercules Capital, Inc.
- 400 Hamilton Avenue
- Suite 310
- Palo Alto
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HTGC||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jun 2005|
|19H||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 2005|
|0J4M||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jun 2005|
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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/26 01:19|
|End of Day Share Price||2021/01/25 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.