Hercules Capital, Inc. is a business development company. More Details
+ 1 more risk
Solid track record established 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 +/- 4% a week.
Volatility Over Time: HTGC's weekly volatility (4%) 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 65.7% over the past year.
Return vs Market: HTGC exceeded the US Market which returned 46% 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
2 weeks ago | Simply Wall StHercules Capital (NYSE:HTGC) Shareholders Have Enjoyed A 71% Share Price Gain
1 month ago | Simply Wall StWhy Hercules Capital, Inc. (NYSE:HTGC) Is A Top Dividend Stock
2 months ago | Simply Wall StThere's A Lot To Like About Hercules Capital's (NYSE:HTGC) Upcoming US$0.37 Dividend
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 ($17.18) is trading below our estimate of fair value ($21)
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 (6.1x) compared to the US Capital Markets industry average (16.1x).
PE vs Market: HTGC is good value based on its PE Ratio (6.1x) compared to the US market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: HTGC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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 (68x).
How is Hercules Capital forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HTGC's earnings are forecast to decline over the next 3 years (-16.4% per year).
Earnings vs Market: HTGC's earnings are forecast to decline over the next 3 years (-16.4% per year).
High Growth Earnings: HTGC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HTGC's revenue (7.2% per year) is forecast to grow slower than the US market (9% per year).
High Growth Revenue: HTGC's revenue (7.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HTGC's Return on Equity is forecast to be high in 3 years time
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 gain of $169.0M impacting its March 31 2021 financial results.
Growing Profit Margin: HTGC's current net profit margins are higher than last year (29.3%).
Past Earnings Growth Analysis
Earnings Trend: HTGC's earnings have grown significantly by 30% per year over the past 5 years.
Accelerating Growth: HTGC's earnings growth over the past year (284.6%) exceeds its 5-year average (30% per year).
Earnings vs Industry: HTGC earnings growth over the past year (284.6%) exceeded the Capital Markets industry 34.4%.
Return on Equity
High ROE: HTGC's Return on Equity (24.3%) is considered high.
How is Hercules Capital's financial position?
Financial Position Analysis
Short Term Liabilities: HTGC's short term assets ($107.5M) exceed its short term liabilities ($30.6M).
Long Term Liabilities: HTGC's short term assets ($107.5M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: HTGC's debt to equity ratio (93.6%) is considered high.
Reducing Debt: HTGC's debt to equity ratio has increased from 83.8% to 93.6% over the past 5 years.
Debt Coverage: HTGC's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: HTGC's interest payments on its debt are well covered by EBIT (3.2x coverage).
What is Hercules Capital current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HTGC's dividend (7.86%) is higher than the bottom 25% of dividend payers in the US market (1.25%).
High Dividend: HTGC's dividend (7.86%) is in the top 25% of dividend payers in the US market (3.41%)
Stability and Growth of Payments
Stable Dividend: HTGC's dividends per share have been stable in the past 10 years.
Growing Dividend: HTGC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.6%), HTGC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Scott Bluestein (42 yo)
Mr. Scott Bluestein serves as Chief Executive Officer, President and Director at Hercules Capital, Inc. since July 18, 2019. Mr. Bluestein served as an Interim Chief Executive Officer at Hercules Capital, ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD7.87M) is above average for companies of similar size in the US market ($USD3.80M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
Experienced Management: HTGC's management team is considered experienced (2.3 years average tenure).
Experienced Board: HTGC's board of directors are not considered experienced ( 3 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 sold more shares than they have bought 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 4.7%.
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$1.976b
- Shares outstanding: 114.99m
- Website: https://www.htgc.com
Number of Employees
- Hercules Capital, Inc.
- 400 Hamilton Avenue
- Suite 310
- Palo Alto
- United States
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||2021/05/18 04:36|
|End of Day Share Price||2021/05/17 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.