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TCG BDC
(NASDAQ:CGBD)
TCG BDC (CGBD) vs. SPDR S&P 500 ETF (SPY)
TCG BDC Business Overview & Revenue Model
TCG BDC Earnings Call Summary
TCG BDC Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 200.20M | 232.59M | 220.39M | 207.26M | 190.28M | 123.64M |
| Gross Profit | 142.13M | 99.28M | 167.97M | 207.26M | 171.24M | 75.76M |
| EBITDA | 68.66M | 91.72M | 169.96M | 125.20M | 190.10M | 50.83M |
| Net Income | 69.65M | 88.98M | 92.28M | 85.64M | 160.35M | 6.83M |
Balance Sheet | ||||||
| Total Assets | 2.57B | 1.93B | 1.94B | 2.04B | 2.03B | 1.92B |
| Cash, Cash Equivalents and Short-Term Investments | 49.22M | 29.67M | 60.45M | 16.09M | 22.99M | 68.42M |
| Total Debt | 1.31B | 967.65M | 980.18M | 1.08B | 1.04B | 983.92M |
| Total Liabilities | 1.38B | 1.02B | 1.03B | 1.12B | 1.08B | 1.02B |
| Stockholders Equity | 1.20B | 905.20M | 912.81M | 917.42M | 948.80M | 901.36M |
Cash Flow | ||||||
| Free Cash Flow | -5.94M | 104.27M | 230.61M | 14.51M | 75.43M | 305.16M |
| Operating Cash Flow | -5.94M | 104.27M | 230.61M | 14.51M | 75.43M | 305.16M |
| Investing Cash Flow | 1.03M | 0.00 | 0.00 | -56.96M | 6.06M | 236.87M |
| Financing Cash Flow | 90.36M | -108.14M | -200.67M | -77.08M | -50.78M | -273.49M |
TCG BDC Technical Analysis
TCG BDC Risk Analysis
TCG BDC Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $1.14B | 7.25 | 17.31% | 12.57% | 31.43% | 30.85% | |
75 Outperform | $790.69M | 8.76 | 10.37% | 12.53% | 13.19% | -18.24% | |
71 Outperform | $910.52M | 10.25 | 8.95% | 9.82% | 5.87% | -12.64% | |
68 Neutral | $18.06B | 11.97 | 10.24% | 3.74% | 9.75% | 1.30% | |
67 Neutral | $1.01B | 11.80 | 6.60% | 12.82% | -17.05% | -40.15% | |
63 Neutral | $1.02B | 12.17 | 7.37% | 11.99% | 55.25% | -47.71% | |
58 Neutral | $610.56M | ― | -1.48% | 18.78% | -48.53% | 73.29% |
TCG BDC Corporate Events
On April 29, 2025, Mark Jenkins resigned from the Board of Directors of Carlyle Secured Lending, Inc., while retaining his role as Managing Director and Head of Global Credit at The Carlyle Group. The Board appointed Thomas Hennigan, a seasoned executive with extensive experience in financial management and risk assessment, as a Class II director to fill the vacancy. Mr. Hennigan’s appointment is expected to bring valuable insights to the Board, leveraging his deep understanding of the company’s operations and industry.
Spark’s Take on CGBD Stock
According to Spark, TipRanks’ AI Analyst, CGBD is a Neutral.
CGBD’s stock score reflects a solid financial foundation and strong valuation metrics. The recent strategic merger and robust dividend yield are key strengths. However, technical indicators show bearish trends, and recent financial performance poses some risks. The company’s earnings call provides a positive outlook with strategic growth initiatives.
To see Spark’s full report on CGBD stock, click here.
On April 15, 2025, Carlyle Secured Lending, Inc. announced it will host a conference call on May 7, 2025, to discuss its financial results for the first quarter ended March 31, 2025. The company will release its quarterly financial results on May 6, 2025, and the call will be accessible via a public webcast on its website. This announcement highlights Carlyle Secured Lending’s ongoing commitment to transparency and communication with its stakeholders, potentially impacting its market positioning and investor relations.
Spark’s Take on CGBD Stock
According to Spark, TipRanks’ AI Analyst, CGBD is a Neutral.
CGBD demonstrates strong financial and strategic positioning with robust income generation and strategic growth initiatives. However, it faces challenges with recent revenue and net income declines. The stock’s current bearish technical outlook and the need for cautious cash flow monitoring are balanced by a strong valuation proposition with a high dividend yield.
To see Spark’s full report on CGBD stock, click here.
On March 31, 2025, Carlyle Secured Lending, Inc. presented its earnings to former investors of Carlyle Secured Lending III, detailing financial results for the fourth quarter and full year of 2024. The company successfully merged with CSL III on March 27, 2025, enhancing its portfolio and market position. The merger and the strong performance in 2024, including a 2.1% quarterly net total return and a $0.75 per share dividend, indicate robust income generation and strategic growth, benefiting stakeholders by leveraging the OneCarlyle platform for investment opportunities.
On March 27, 2025, Carlyle Secured Lending, Inc. (CGBD) completed its acquisition of Carlyle Secured Lending III (CSL III), following a merger agreement initially announced in August 2024. This merger resulted in CGBD issuing approximately 18,935,108 shares of common stock to former CSL III shareholders. The merger was approved by 96% of voting shareholders at a special meeting held on March 26, 2025. The transaction aims to create long-term value through increased portfolio scale and efficiency, with a closing price per share of CGBD’s common stock on the Nasdaq Global Select Market being less than 11% greater than its net asset value per share as of March 25, 2025.
Carlyle Secured Lending, Inc. announced its financial results for the fourth quarter and full year ending December 31, 2024, highlighting a strong finish with portfolio growth and net investment income above the base dividend. The company declared a first quarter 2025 dividend of $0.45 per share, including a supplemental dividend, payable on April 17, 2025. The announcement reflects CGBD’s robust performance despite market challenges, positioning it well for continued success in 2025.