BCP Investment Corporation (BCIC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+17.8%

$6.95

vs $5.90 price

Levered DCF

$22.85

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-1.69

Distress zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	11.38×	-25.53×	15.16×	-10.55×	8.12×	3.02×	-6.39×	-13.52×
P/B	0.62×	0.85×	0.81×	0.95×	0.75×	0.44×	0.52×	0.82×
P/S	3.28×	7.33×	3.99×	36.69×	4.03×	2×	9×	16.77×
EV / EBITDA	12.86×	-58.8×	42.72×	-256.97×	14.75×	14.18×	-18.44×	-23.43×
Gross margin	71.3%	-0.5%	41.6%	-193.1%	74.0%	78.5%	6.8%	3.9%
Operating margin	81.7%	-32.8%	25.3%	-334.7%	52.4%	66.1%	-141.0%	-124.2%
Net margin	28.9%	-28.7%	26.3%	-347.7%	49.7%	66.1%	-141.0%	-124.2%
Current ratio	0.63×	6.85×	7.68×	2.46×	7.43×	32.53×	193.41×	0.29×
Debt / equity	1.47×	1.49×	1.51×	1.61×	1.24×	1.73×	1.01×	0.64×
Interest coverage	1.58×	-0.33×	0.43×	-1.14×	2.01×	3.07×	-1.51×	-1.29×
Dividend yield	16.6%	16.7%	14.8%	10.6%	9.3%	11.0%	14.7%	11.4%
Payout ratio	188.3%	-425.6%	225.2%	-112.2%	75.5%	33.4%	-94.0%	-153.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.5%	-3.3%	5.3%	-9.0%	9.3%	14.6%	-8.2%	-6.1%
Return on invested capital	6.3%	-1.3%	2.0%	-3.3%	4.1%	5.3%	-4.0%	-3.8%
Return on assets	2.2%	-1.3%	2.1%	-3.4%	4.0%	5.3%	-4.0%	-3.4%
Free cash flow yield	51.2%	6.2%	12.8%	-14.9%	28.9%	127.4%	-20.1%	18.7%
Earnings yield	8.8%	-3.9%	6.6%	-9.5%	12.3%	33.1%	-15.7%	-7.4%
Enterprise value	$433.3M	$399.1M	$468.5M	$589.8M	$529.6M	$461.8M	$233.5M	$224.2M
Net debt / EBITDA	9×	-36.48×	26.94×	-160.42×	8.86×	11.25×	-12.14×	-9.92×
Cash conversion cycle (days)	-129	68	-3	329	-16	179	1,075	1,566