TriplePoint Venture Growth BDC
Market Cap
US$436.8m
Last Updated
2021/02/27 00:19 UTC
Data Sources
Company Financials +
Executive Summary
TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. More Details
Rewards
Snowflake Analysis
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Share Price & News
How has TriplePoint Venture Growth BDC's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TPVG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: TPVG's weekly volatility has decreased from 28% to 3% over the past year.
Market Performance
7 Day Return
-2.3%
TPVG
-2.6%
US Capital Markets
-4.6%
US Market
1 Year Return
17.7%
TPVG
38.0%
US Capital Markets
38.5%
US Market
Return vs Industry: TPVG underperformed the US Capital Markets industry which returned 36.4% over the past year.
Return vs Market: TPVG underperformed the US Market which returned 38.9% over the past year.
Shareholder returns
| TPVG | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | -2.6% | -4.6% |
| 30 Day | 4.3% | 8.5% | 0.6% |
| 90 Day | 7.8% | 14.9% | 1.9% |
| 1 Year | 35.7%17.7% | 41.3%38.0% | 41.5%38.5% |
| 3 Year | 75.5%21.7% | 39.5%29.1% | 56.7%46.7% |
| 5 Year | 158.8%42.1% | 140.6%110.9% | 123.5%98.6% |
Long-Term Price Volatility Vs. Market
How volatile is TriplePoint Venture Growth BDC's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is TriplePoint Venture Growth BDC undervalued compared to its fair value and its price relative to the market?
9.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TPVG ($14.17) is trading below our estimate of fair value ($15.58)
Significantly Below Fair Value: TPVG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TPVG is good value based on its PE Ratio (11.4x) compared to the US Capital Markets industry average (23.4x).
PE vs Market: TPVG is good value based on its PE Ratio (11.4x) compared to the US market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: TPVG is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: TPVG is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (10.9x).
Future Growth
How is TriplePoint Venture Growth BDC forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
10.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TPVG's forecast earnings growth (10.4% per year) is above the savings rate (2%).
Earnings vs Market: TPVG's earnings (10.4% per year) are forecast to grow slower than the US market (20.2% per year).
High Growth Earnings: TPVG's earnings are forecast to grow, but not significantly.
Revenue vs Market: TPVG's revenue (5.9% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: TPVG's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TPVG's Return on Equity is forecast to be low in 3 years time (11.2%).
Past Performance
How has TriplePoint Venture Growth BDC performed over the past 5 years?
20.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TPVG has a large one-off loss of $10.9M impacting its September 30 2020 financial results.
Growing Profit Margin: TPVG's current net profit margins (41.7%) are lower than last year (51%).
Past Earnings Growth Analysis
Earnings Trend: TPVG's earnings have grown significantly by 20.6% per year over the past 5 years.
Accelerating Growth: TPVG's earnings growth over the past year (2.2%) is below its 5-year average (20.6% per year).
Earnings vs Industry: TPVG earnings growth over the past year (2.2%) underperformed the Capital Markets industry 9.9%.
Return on Equity
High ROE: TPVG's Return on Equity (8.8%) is considered low.
Financial Health
How is TriplePoint Venture Growth BDC's financial position?
Financial Position Analysis
Short Term Liabilities: TPVG's short term assets ($27.9M) exceed its short term liabilities ($9.5M).
Long Term Liabilities: TPVG's short term assets ($27.9M) do not cover its long term liabilities ($256.5M).
Debt to Equity History and Analysis
Debt Level: TPVG's debt to equity ratio (62.3%) is considered high.
Reducing Debt: TPVG's debt to equity ratio has increased from 27.7% to 62.3% over the past 5 years.
Debt Coverage: TPVG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TPVG's interest payments on its debt are well covered by EBIT (3.9x coverage).
Balance Sheet
Dividend
What is TriplePoint Venture Growth BDC current dividend yield, its reliability and sustainability?
10.16%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TPVG's dividend (10.16%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: TPVG's dividend (10.16%) is in the top 25% of dividend payers in the US market (3.72%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TPVG has been paying a dividend for less than 10 years.
Growing Dividend: TPVG's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (115.7%), TPVG's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TPVG's dividends in 3 years are not forecast to be well covered by earnings (91.6% payout ratio).
Management
How experienced are the management team and are they aligned to shareholders interests?
8.1yrs
Average management tenure
CEO
Jim Labe (63 yo)
8.08yrs
Tenure
Mr. James P. Labe, also known as Jim, serves as Chief Executive Officer of TriplePoint Capital LLC. Mr. Labe has been Chairman & CEO of TriplePoint Venture Growth BDC since 2013. He is the Chief Executive ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.08yrs | no data | 0.35% $ 1.5m | |
| President | 8.08yrs | no data | 0.62% $ 2.7m | |
| Chief Financial Officer | 1.5yrs | no data | 0.050% $ 219.6k | |
| Investor Relation - Abernathy MacGregor Group | no data | no data | no data | |
| Chief Compliance Officer | no data | no data | no data |
8.1yrs
Average Tenure
59yo
Average Age
Experienced Management: TPVG's management team is seasoned and experienced (8.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.08yrs | no data | 0.35% $ 1.5m | |
| President | 8.08yrs | no data | 0.62% $ 2.7m | |
| Independent Director | 1.17yrs | no data | 0.0032% $ 14.2k | |
| Independent Director | 8.08yrs | US$98.25k | 0.015% $ 65.1k | |
| Independent Director | 8.08yrs | US$97.00k | 0.16% $ 708.5k | |
| Independent Director | 8.08yrs | US$103.25k | 0.0097% $ 42.5k |
8.1yrs
Average Tenure
61yo
Average Age
Experienced Board: TPVG's board of directors are considered experienced (8.1 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%.
Top Shareholders
Company Information
TriplePoint Venture Growth BDC Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: TriplePoint Venture Growth BDC Corp.
- Ticker: TPVG
- Exchange: NYSE
- Founded: 2013
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$436.829m
- Shares outstanding: 30.83m
- Website: https://www.tpvg.com
Location
- TriplePoint Venture Growth BDC Corp.
- 2755 Sand Hill Road
- Suite 150
- Menlo Park
- California
- 94025
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TPVG | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Mar 2014 |
| 6JS | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 2014 |
Biography
TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capit...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/27 00:19 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.