NYSE:TPVG

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Executive Summary

TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. More Details

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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

TPVGIndustryMarket
7 Day-2.3%-2.6%-4.6%
30 Day4.3%8.5%0.6%
90 Day7.8%14.9%1.9%
1 Year35.7%17.7%41.3%38.0%41.5%38.5%
3 Year75.5%21.7%39.5%29.1%56.7%46.7%
5 Year158.8%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

NamePositionTenureCompensationOwnership
James Labe
Chairman & CEO8.08yrsno data0.35%
$ 1.5m
Sajal Srivastava
President8.08yrsno data0.62%
$ 2.7m
Christopher Mathieu
Chief Financial Officer1.5yrsno data0.050%
$ 219.6k
Alan Oshiki
Investor Relation - Abernathy MacGregor Groupno datano datano data
Carl Rizzo
Chief Compliance Officerno datano datano 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

NamePositionTenureCompensationOwnership
James Labe
Chairman & CEO8.08yrsno data0.35%
$ 1.5m
Sajal Srivastava
President8.08yrsno data0.62%
$ 2.7m
Cynthia Fornelli
Independent Director1.17yrsno data0.0032%
$ 14.2k
Stephen Cassani
Independent Director8.08yrsUS$98.25k0.015%
$ 65.1k
Steven Bird
Independent Director8.08yrsUS$97.00k0.16%
$ 708.5k
Gilbert Ahye
Independent Director8.08yrsUS$103.25k0.0097%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPVGNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 2014
6JSDB (Deutsche Boerse AG)YesCommon StockDEEURMar 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/27 00:19
End of Day Share Price2021/02/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.